Idaho’s average car insurance cost is among the lowest in the country, despite a 12.4% rise in car accidents within the Gem State. The 2021 quoted premiums show that Idaho drivers pay $307 per year for minimum coverage and $1045 for full coverage. This is significantly less than the national averages of $258 and $629. This could be partly due to Idaho’s declining number of fatalities, despite an increase in accident occurrences.
Idaho’s fatal accident rates decreased 6.5% between 2018-2019. However, the fatal accident rate in Idaho decreased by 6.5% between 2018 and 2019. Most drivers want to save more, even with the lowest rates. Bankrate compared the rates of the top Idaho insurers to find the best Idaho auto insurance.
Idaho has the cheapest car insurance
You will be pleased to discover that even the most trusted and respected insurance companies in Idaho are offering some of lowest rates. Quadrant Information Services was used to find the best rates for the state based on market share. We found five providers that were the most attractive in terms of both policy options and savings.
USAA
USAA tends offer low annual rates for the many states that it covers. The Gem State is no exception. USAA might offer the best car insurance policy at the lowest price for Idahoans with a military background, or those who are eligible for it. Drivers could get coverage from an insurer that is highly rated in several areas, including customer service and claims satisfaction, for as low as $17 per month, which is just over $200 annually. Despite its ineligibility for membership, it is still eligible.
USAA scores the highest in all regions of the 2020 J.D. Power Auto Insurance Study. You can also get significant discounts by joining the SafePilot driving program, or storing your vehicle at a military base.
State Farm
State Farm, which has more than 13% of Idaho’s private passenger car insurance market, is the largest carrier. The average premium is also the lowest at State Farm. There are agents available in 19 cities, which includes popular ones like Boise or Caldwell. This is because the appropriate coverage might be more in demand. For motorists who prefer traditional insurance, local agent access could be a major selling point.
State Farm offers a mobile application that allows you to manage your policies from anywhere. The provider offers discounts such as up 17% for bundling and up 30% for good driving.
Farmers
Farmers insurance, despite its rural location, is accessible to Idaho drivers who are looking for cheap car insurance. Farmers insurance is a top-ranking insurer in terms of claims satisfaction, earning the 10th place in the 2020 J.D. Power Auto Claims Study. Drivers have many options to choose from in order to create a strong policy. Full coverage costs an average of $797 per year, which is well below the state’s average.
You have the option to purchase fuller coverage. There are spare parts, an umbrella, and guaranteed value replacement. Farmers offers drivers the opportunity to save through Signal, an app for safe drivers that offers discounts of up to 15% on renewals and an additional 10% to drivers who are under 25.
Geico
Geico is the second-largest auto insurance company in the state, according to market share. It offers reliable coverage and strong financial backing. AM Best, a third party credit rating agency, gives Geico an A++ (Superior), for financial strength. These marks are important for many Idaho drivers when choosing a provider, as claims filing is often an important part of an overall carrier assessment.
Geico’s coverage options may not be the most unique, but they do offer all the usual options that drivers would expect. After the warranty ends, mechanical breakdown coverage is available for both new and leased vehicles. The long list of discounts helps to solidify its position on our list. There are savings for federal employees, membership groups, and other common options.
American Family
American Family does not have the lowest car insurance rates in Idaho, but it offers many coverage options that could make its price more worth it. The full coverage policies of American Family are slightly higher than the state average, which means that Idaho motorists can add coverages such as gap insurance or accidental death and dismemberment coverage to help cover for unexpected losses.
American Family offers a usage-based policy that allows drivers to pay according to their driving habits. This policy could help policyholders save up to 20% on their track habits. It also offers valuable insights into each insured driver’s driving behavior that allow drivers to save money and identify areas where they can improve.
Minimum coverage requirements for Idaho drivers
The state minimum coverage required for legal driving in Idaho is 25/50/15 liability. This includes:
- Bodily Injury Liability: $25,000 per Person
- Bodily Injury Liability: $50,000 per Accident
- Property damage liability: $15,000 per accident
Additionally, Idaho drivers are required to purchase uninsured/underinsured motorist coverage up to their liability limits.
You will typically get the lowest car insurance in Idaho if you sign up for the minimum coverage. In the event of an accident that is more severe, however, these amounts may not provide enough coverage. Liability insurance covers damage to other people and property, but not you.
Idaho is a rural state so wildlife and heavy snowfall can cause serious damage to your vehicle. Comprehensive and collision coverage can help pay for vehicle repairs or replacements that are not covered by the state minimums. You may be required to buy full coverage if you have a lender to cover your vehicle’s loan.
How to Get Cheap Idaho Car Insurance
Idaho is ranked as the ninth-cheapest state for auto coverage in the country. But, most drivers will not accept additional savings if they can. It is easy to reduce your insurance premiums by making use of every savings opportunity. Here are some common ways you can do this:
- Compare rates: You can compare providers by making the same or similar coverage choices when you apply for auto quotes. This will make it easier to find the provider that offers the best rate for you.
- Compare providers: You might want to compare the coverages and add-ons offered by different providers. Additional perks, such as roadside assistance or coverage for original parts, may be available. These are things you should consider when selecting a car insurance provider.
- Get discounts: Many car insurance companies offer a list of discounts . However, exact savings might need to be discussed with an agent licensed. There are typically at least two options that can be used, such as signing up for automatic payments and purchasing your policy online.
- Improve your credit score. Insurance companies in Idaho may legally review your credit rating to price your vehicle insurance. You will usually pay more for coverage if you have low credit scores than those with higher FICO scores. To help raise your credit score, you can start by paying your bills early or on time.
- Your deductible can be increased: While raising your deductible is an easy way to lower your premium, it may not work for drivers who have taken the time and mapped out their higher out-of-pocket expenses in case of an incident. Safe driving skills can help to reduce this risk.
Questions frequently asked
Which Idaho insurance policy is best?
There are many top providers that offer the best Idaho car insurance. Many of them have strong claims handling and high customer satisfaction scores. On average, many top providers are the most affordable in Idaho. The best car insurance provider will depend on you as a driver.
What is the average cost for car insurance in the United States?
The average annual car insurance premium for full coverage is $1,674 The average premium for liability-only insurance is $565 per annum. Idaho drivers pay considerably less for coverage than Idahoans, but individual rates will depend on factors like your age, driving record, and elected coverages.
What is full coverage auto insurance?
Full coverage is an addition to the state’s basic liability insurance. Liability insurance covers damages caused by others. This can make it difficult to pay for your car’s repairs. Comprehensive and collision insurance adds full coverage to protect your vehicle from damage due to fire, theft and collisions.
What are the most important considerations for Idaho car insurance?
While Idaho’s average car insurance rate is affordable, there are several state factors that can make it more difficult to determine how much coverage you need. With 16,761 cases involving uninsured license suspensions, failure to have insurance was the leading cause of license suspensions in Idaho. With this in mind, purchasing higher coverage and a suitable amount of uninsured/underinsured motorist coverage might be even more crucial to staying financially protected on Idaho’s roads.
Impaired driving is the third leading cause of license suspensions in Idaho, with 18% being due to it. State drivers may find it beneficial to have comprehensive coverage, as well as options such accidental death or dismemberment, to cover the increased risk of fatal accidents.
