Automobile Insurance in Idaho

The Gem State has one of the cheapest car insurance rates for both liability only and full coverage as they often stay in the lowest 5 average yearly premiums in the US every year. The ratio of uninsured drivers is similar to the US average. With snow, ice and country roads 1.1 million licensed drivers have plenty of risks to insure their automobiles against in this state. Adding Collision and Comprehensive coverage to your Liability coverage makes sure your vehicle is protected as well.

Collection of Pictures from Idaho

Idaho Car Insurance Laws

Here are the minimum requirements;

  • $25,000 for bodily injury or death per person.
  • $50,000 total for bodily injury or death per accident.
  • $15,000 for property damage.

The laws require inclusion of Uninsured/Underinsured Motorist Bodily Injury coverage equivalent to at least above minimum injury limits with every liability policy sold in this state. People can decline it but it must be in writing. This is an important requirement that offers the same provisions as the basic liability coverage to you and your passengers in case you suffer bodily injuries in an accident caused by an uninsured driver.

If you get caught and cannot produce proof of insurance you are likely to be fined and your license suspended. Everyone in a car must wear seat belts but you can’t be pulled over solely for a seat belt violation. Updates can be checked on the insurance commissioner’s page.

It is highly recommended to increase your liability coverage limits to reduce the chance of it coming short in case of accidents you caused. If you don’t have enough liability coverage, you will have to pay the difference out of pocket.

Average Premium Costs in Idaho

The average cost of state required minimum liability only coverage is $267 a year, making Idaho one of the cheapest states for car insurance. This figure is 57% lower than the US average and this shows how low it is in comparison to others. The average premium in the most expensive state, New York, is 5.1 times higher than here.

You can also get one of the most affordable full coverage rates, as the average is $1,133, which is $881 less than the national equivalent.

There are a few reasons as to why Idaho automobile insurance rates are the lowest in the US. Drivers enjoy open countryside due to low population density, which only has 1.6 million residents. Highly competitive market ensures premiums cannot run away unchecked too. In addition, the lack of major cities reduces traffic accidents and claims.

Competitive Vehicle Insurance Companies in Idaho

Finding the cheapest carrier for your circumstances will make a world of difference to how much you spend to insure your automobile. Below three companies are the cheapest in this state and you should start your shopping process for auto insurance by getting quotes from these providers.

  1. American National P&C, $242
  2. Oregon Mutual, $446
  3. GEICO, $529

There isn’t much difference in the average premiums across the cities. The state capital and the largest city Boise has one of the lowest vehicle insurance rates and Grangeville is the highest. The difference in price between them is less than $100. The above names are generally the most competitive in most cities.

However, the best company for you could be a different one depending on your circumstances. That is why you need to get at least 5 quotes to see a large range of alternatives and have a good price comparison. This is one of the most effective, easiest and fastest ways of lowering your premiums and there are no qualification requirements to pass either.