Delaware Car Insurance
Delaware drivers are required by law to carry several different types of auto insurance coverage. Delaware drivers must have auto liability coverage at a minimum of $15,00 for one person, $30,000 for all parties in an accident for bodily injuries and $10,000 of minimum coverage for property damage. This amount of coverage may be more simply stated on an auto insurance policy as 15/30/10.
Personal Injury Protection (“PIP”) is no fault coverage that is required by law in Delaware. PIP pays for “reasonable and necessary” medical bills for the insured driver and their passengers in an accident. It also pays for a portion of lost wages. The minimum PIP coverage limit in Delaware is $15,000 per person, $30,000 per accident. This coverage also pays for up to $5,000 in funeral expenses in the event of a fatality accident.
PIP is the primary form of medical coverage for an auto accident in Delaware. If medical expenses exhaust the PIP limits, the insured can then bill remaining amounts to their health insurer. Delaware drivers should carefully review their auto insurance policy to understand its terms, coverage amounts, and limitations.
Although it is not required by Delaware law, purchasing Uninsured/Underinsured Motorist (“UIM”) coverage is a very wise decision. UIM coverage applies in the event the at–fault driver in an accident is uninsured or does not have enough insurance to pay for the damages sustained by the other driver(s) or passengers in the accident. While $30,000 in total coverage for bodily injury damages may seem like a lot of money, it can be used up quickly in a serious injury accident or accident involving multiple parties.
For example, if a Delaware driver in an accident had 15/30/10 UIM coverage, he or she would be able make a UIM claim with their auto insurance company and when applicable, be able to receive up to an additional $25,000 for their own bodily injury damages. A UIM claim would be valid if the at fault driver was uninsured or the UIM insured sustained bodily injury damages beyond the limits of the at fault driver’s liability limits. Per the UIM policy limits, the insurer would only pay up to $50,000 for all UIM bodily injury claims stemming from the accident. The insured would also be able to receive up to $10,000 for property damage to their vehicle under a UIM claim.
Collision and Comprehensive Coverage
Other important available insurance coverage types in Delaware are Collision and Comprehensive coverage. These coverage types are not required by law but can be very important in the event of an accident. Also, many financial institutions require vehicle owners to purchase collision and comprehensive coverage as a condition of their loans.
Collision pays for vehicle repairs or vehicle replacement value following a collision regardless of fault. Comprehensive coverage pays for all vehicle repair damage or replacement value for incidents other than a collision such as the tree falling on a car or the car being stolen. There are minimum deductible limits for these collision and comprehensive such as $500, but drivers can also raise their deductible amounts to lower their premiums.
Keep Your Car Insurance Current
It is very important that Delaware drivers do not allow their auto insurance policies to lapse. Each day, hundreds of Delaware drivers are involved in auto accidents. Uninsured drivers in Delaware have to pay fines and may be forced to comply with state financial responsibility laws, which require them to purchase expensive SR–22 Insurance. Uninsured or underinsured drivers can also be held personally responsible for all damages caused in an accident. Driving without car insurance in Delaware is extremely risky and can lead to financial ruin.
Use BestCarInsuranceCompanies.net To Get a Free Quote
Drivers in the First State have more than a dozen auto insurance companies to choose from. Large insurers such as Allstate, Progressive, Nationwide, and Geico all sell auto insurance in Delaware. Whether you live in Wilmington, Dover, or Newark, use BestCarInsuranceCompanies.net to get a free quote for low cost Delaware auto insurance. Just enter your zip code above to get started and you could be on your way to saving hundreds of dollars a year on Delaware car insurance.