The average cost of the required state minimum car insurance is $307 per year—lower than the national average of $564. Of course, you can only learn so much from what the average cost of car insurance is in Idaho. There are numerous factors that will determine your rate, including your age, zip code, type of car insurance, and incident history.
It is worth remembering that the number of prior traffic tickets and accidents can dramatically increase the cost of your insurance. Individuals with a poor driving history generally pay more for auto insurance than someone with a clean record.
What is the Average Premium in Idaho for Full Coverage Car Insurance
Because the annual cost of full coverage car insurance in Idaho is $1,045, the average monthly premium is $87. Full coverage car insurance provides for more than just protection against liability claims made by other drivers. It also includes collision and comprehensive coverage that pays your bills up to the covered limit if your vehicle is damaged in an accident that is considered to be your fault.
The major drawback of full coverage is that it is substantially more expensive than the minimum level of mandatory liability insurance. Unlike liability coverage, full coverage is entirely voluntary in Idaho.
While it might cost more up front, this coverage is invaluable for your peace of mind. It can also save you from a financial disaster if you have caused a motor vehicle accident. Not only will this coverage protect you from claims made by the other driver, but it will also pay for your bills as well.
How Much Is It for Just the Minimum Required Car Insurance in Idaho?
Compared to full coverage, the cost of minimum coverage liability policies is much cheaper, as the coverage offered by these policies is substantially less. If you carry the minimum level of liability insurance in Idaho, your policy on average will cost $307 per year.
The minimum level of liability insurance required under the law is relatively low. In Idaho, you must carry at least $25,000 in bodily injury coverage per person and $50,000 in bodily injury coverage per accident. You must also carry at least $15,000 in property damage liability coverage per accident, as well.
These coverage levels are the minimum required under the law, not the maximum. For many people, additional coverage is a good idea. This is because if you cause a collision and the resulting damage is more than your policy limits, you are personally responsible for any damages that are left over. For example, if you cause $25,000 in property damage and your policy limit is $15,000, you could be liable for the remaining $10,000.
How Do Rates Compare Across Major Cities in Idaho?
With more than 240,000 residents, Boise is the largest city in the State of Idaho. Idaho is not known for large metropolitan areas, which means Boise only represents a small portion of the entire state population. The towns and cities with the lowest insurance rates in Idaho include:
*We use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by state. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.