Despite a 12.4 percent increase in car accidents in the Gem State, Idaho's average car insurance costs are among the lowest in the country. Idaho drivers pay $307 per year for minimum coverage and $1,045 per year for full coverage, both of which are significantly lower than national averages by more than $258 and $629, respectively. This could be due, in part, to Idaho's decreasing number of fatal accidents, despite an increase in overall accident occurrences.
Between 2018 and 2019, Idaho's fatal accident rate fell by 6.5 percent. However, the number of collision-related injuries and property damage incidents increased significantly, making car insurance a worthwhile investment for many drivers. Even with low averages, most drivers prefer to save money wherever they can. We compared the most recent rates from the state's top insurers to find the ones that provide the cheapest auto insurance in Idaho.
Cheapest auto insurance in Idaho
If you've been looking for cheap car insurance in Idaho, you'll be surprised to learn that even well-known and nationally trusted insurance companies are offering some of the best deals. We discovered five that stood out in terms of policy offerings and savings opportunities by using Quadrant Information Services to pull rates from the state's most popular providers based on market share.
USAA
USAA typically offers low annual rates in the states it serves, and the Gem State is no exception. USAA may provide the best car insurance policy at the best price for Idaho motorists with current or prior military experience, or for qualifying family members. Drivers could obtain coverage from an insurer that ranks highly across several important lines, including claims satisfaction and customer service, for just over $200 annually for minimum coverage on average, or $17 monthly. In fact, despite its ineligibility for ranking due to membership restrictions.
USAA receives the highest ratings in the majority of regions. Power Auto Insurance Research. There are also significant savings available through its SafePilot driving programme or by storing a vehicle on a military base.
State Farm
State Farm is the state's largest carrier, accounting for more than 13% of the private passenger auto insurance market. It also quotes the second-cheapest premiums on average. There are agents in 19 cities across the state lines, including popular ones like Boise and Caldwell, where appropriate coverage may be in even higher demand. Access to local agents could be a huge selling point for drivers who prefer a more traditional insurance experience.
State Farm also provides a mobile app for those who want to manage their policies at the touch of a button. Even more appealing are the provider's discounts, which include up to 17% off for bundling policies and up to 30% off for good driving.
Farmers
Farmers insurance, despite its rural name, is available to all Idaho drivers looking for low-cost auto insurance. In terms of claim satisfaction, it is a top-tier insurer. There are numerous options for drivers to customise a comprehensive policy, with full coverage costing an average of $797 per year — significantly less than the state average.
There are options for spare parts, an umbrella policy, and guaranteed value replacement when purchasing additional coverage. Drivers can also save with Farmers through programmes such as Signal, its app for safe drivers, which offers discounts of up to 15% at renewal and an additional 10% for drivers under the age of 25.
Geico
Geico, the second-largest state auto insurer by market share, offers dependable coverage with solid financial backing. AM Best, a third-party credit rating agency, gives Geico a financial strength rating of A++ (Superior). Because claims filing is usually important to the overall assessment of a carrier, marks like these are top considerations for many Idaho drivers when choosing a provider.
Geico's coverage options aren't particularly unique, but they do include all of the standard options that most drivers would expect. Mechanical breakdown coverage is also available for new and leased vehicles after the warranty expires. Its extensive list of discounts also contributes to its ranking, with savings for federal employees and membership groups, among other common options.
American Family
While American Family does not have the cheapest car insurance in Idaho on average, it does have a wide range of coverage options that may make its higher price point more appealing. Its full coverage policies are just slightly higher than state averages, which means that for less than $40 more, Idaho motorists can add valuable coverages like gap insurance and accidental death and dismemberment coverage to help pay for unplanned instances of a covered loss.
American Family offers a usage-based policy with its KnowYourDrive app for drivers who prefer to pay based on their own driving habits, which could save policyholders up to 20% on their tracked habits. The app also provides useful insights into each insured driver's behaviour, allowing drivers to save and learn about their areas for improvement at the same time.
Tags:
spicy ins