By: Ishan Mukhopadhyay Aug. 28, 2018

Raltin’s recent analysis of car insurance premiums in Wilmington, Delaware, found that the cheapest policy costs $1,613, while the median policy costs $3,068. The most significant difference in the cheapest and median premiums was observed for young married couples where the husband drives 15,000 miles and the wife drives 12,000 miles a year ($3,068). For this analysis, Raltin used the latest report on automobile insurance published by the Insurance Commissioner and Department of Insurance, State of Delaware. The vehicle chosen for the study is a 2015 4-door Chevrolet Equinox LT sports utility car.

In Raltin’s study of insurance policies, the cohort of young married couples consist of a 29-year old husband and a 27-year-old wife. Amica Mutual Insurance offers the cheapest premium for this cohort at $800 per year. The cohort of drivers that reports the second highest savings of $2378 between the median and cheapest premium rates is that comprising senior married couples driving two separate vehicles and 6,900 miles a year. The husband is aged 67 years and the wife, 65 years.

For 57-year-old single male applicants driving 12,000 miles a year, the most expensive premium is $12,024, offered by American Independent Insurance Company. Buyers can save up to $9,602 by choosing a company with rates less than or equal to the median premium of $1,932.

Amica Mutual Insurance Company offers the cheapest premium rates to all 8 driver cohorts analyzed in Wilmington, Delaware, while Vigilant Insurance Company offers the second cheapest premiums for all the driver cohorts. The former has prices ranging from $800 to $818 a year, while the latter ranges from $801 to $831.

The following graph compares the premiums across companies for Wilmington, Delaware.

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The following table compares the car insurance premiums for key companies in Wilmington, Delaware. In addition, the table lists the names of companies included in the study and the differences between the median and cheapest or most expensive rates.

CohortCheapest Car Insurance Companies in Wilmington, DESecond Cheapest Car Insurance Companies in Wilmington, DEMedian Car Insurance Companies in Wilmington, DEMost Expensive Car Insurance Companies in Wilmington, DEDifference between the Cheapest and Median PricesDifference between Most Expensive and Median Policies
29-year-old husband and 27-year-old wife driving 15,000 and 12,000 miles respectively, in a yearAmica Mutual Insurance ($800)Vigilant Ins Co ($801)2017 Rate Survey ($3,868)Federal Ins Co ($15,517)$3,068$11,649
31-year-old single female applicant driving 12,000 miles a yearAmica Mutual Insurance ($803)Vigilant Ins Co ($809)IDS Property Casualty ($2,540)American Independent Ins Co ($13,120)$1,737$10,580
57-year-old single male applicant driving 12,000 miles a yearAmica Mutual Insurance ($800)Vigilant Ins Co ($808)Travelers Insurance ($2,422)American Independent Ins Co ($12,024)$1,622$9,602
25-year-old single female applicant driving 12,000 miles a yearAmica Mutual Insurance ($803)Vigilant Ins Co ($809)Progressive Direct Insurance Co ($2,636)American Independent Ins Co ($13,120)$1,833$1,0484
31-year-old single male applicant driving 12,000 miles a yearAmica Mutual Insurance ($800)Vigilant Ins Co ($808)GEICO Advantage Insurance Company ($2,478)American Independent Ins Co ($13,480)$1,678$1,1002
25-year-old single male applicant driving 12,000 miles a yearAmica Mutual Insurance ($800)Vigilant Ins Co ($808)GEICO Advantage Insurance Company ($2,614)American Independent Ins Co ($12,925)$1,814$1,0311
57-year-old single female applicants driving 12,000 miles a yearAmica Mutual Insurance ($803)Vigilant Ins Co ($809)Electric Insurance Company ($2,416)American Independent Ins Co ($11,819)$1,613$9,403
67-year-old husband and 65-year-old wife driving two vehicles and 6,900 miles a yearAmica Mutual Insurance ($818)Vigilant Ins Co ($831)Goodville Mut Cas Co ($3,196)Allstate Ind Co ($11,436)$2,378$8,240


ABOUT THE AUTHOR

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Ishan Mukhopadhyay

Ishan has over 5 years of experience as a freelance journalist and a content writer. He graduated from The English and Foreign Languages University and holds a Masters degree from the University of Hyderabad. Apart from the English language, Ishan's other passion is data driven journalism.

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