If you want an estimate of how much car insurance costs in Idaho, you can use MoneyGeek’s car insurance calculator to get an average price. You can also use our analysis if you want to figure out which factors have the biggest impact on your car insurance premiums in Idaho.
Idaho Car Insurance Calculator: Estimate Your Car Insurance Costs
Updated: October 3, 2024
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Nov 20, 2024
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Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
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Idaho Car Insurance Calculator: How it Gets You an Instant, Free Estimate
On average, it will take you 10 to 15 minutes to get a personalized quote from a car insurance company based on the personal details you provide. MoneyGeek’s car insurance calculator for Idaho can also give you an estimate of how much car insurance may cost for you per year based on your age, driving record, vehicle type and coverage levels.
According to our analysis, adding a teen driver to your policy, your age and how much coverage you buy are the factors with the biggest impact on car insurance costs in Idaho.
However, the primary factor for you may change depending on your combination of characteristics.
The cheapest company in Idaho for you may depend on several factors, but our car insurance calculator can get you a close estimate. GEICO is the cheapest widely available insurer in Idaho for our default driver at roughly $288 per year. However, cost isn’t everything. You also want to pick a company that has great service and the coverages you need.
FACTORS TO CONSIDER WHEN GETTING A CAR INSURANCE ESTIMATE IN IDAHO
- You can use MoneyGeek’s car insurance calculator to get car insurance estimates or browse our sample driver profiles to find the cheapest car insurance in Idaho.
- To give you a better idea of how Idaho insurance costs compare to other states, MoneyGeek analyzed the average cost of car insurance in Idaho.
- MoneyGeek also ranked the best car insurance companies in Idaho to help you find the best balance of affordability and quality service.
How Car Insurance Premiums are Calculated in Idaho
Car insurance companies in Idaho use a variety of rating factors to calculate car insurance premiums. The biggest factors that will impact your insurance premiums in Idaho are adding a teen driver to your policy, your age and the level of coverage that you choose.
Adding a teen driver to your policy is the most significant factor that may impact premiums in Idaho and can multiply car insurance rates by 3.5x.
How Much Adding a Teen Driver Matters in Calculating Car Insurance in Idaho
Teen drivers tend to be inexperienced and are therefore at a higher risk of getting into accidents. This means that when you add a teen driver to your policy, the risk factor for the insurer increases. In turn, this drives up your car insurance premiums.
If you add a teen driver to your Idaho policy, your car insurance costs might multiply by 3.5x.
How Much Age of Driver Matters in Calculating Car Insurance in Idaho
Insurers in Idaho will factor in how old you are when calculating the cost of car insurance. In Idaho, drivers who are 40 years old pay the cheapest rates while drivers who are 19 or 20 pay the most expensive premiums.
In Idaho, drivers can pay up to 2.3x more for car insurance depending on their age.
How Much Coverage Levels Matters in Calculating Car Insurance in Idaho
It is important to calculate how much car insurance you need in Idaho before you choose a policy because coverage level is a big factor in the cost of car insurance. If you opt for comprehensive and collision coverage or higher liability limits, you will pay more compared to a driver with a state minimum policy.
The highest annual premium in Idaho is for full coverage car insurance with liability limits of 100/300/100 and a $500 deductible. The cheapest rate is offered for state minimum policies.
The level of coverage you choose can multiply your car insurance costs in Idaho by 2.1x.
How Much Credit Score Matters in Calculating Car Insurance in Idaho
Maintaining a good credit score can help you keep your car insurance costs low in Idaho. Drivers who have poor credit scores in Idaho will typically pay more for car insurance compared to those with an excellent credit score since insurers anticipate that they are more likely to file a claim.
Your credit score can multiply your car insurance costs by up to 2x in Idaho if you have poor credit as opposed to excellent credit.
How Much Car Model Matters in Calculating Car Insurance in Idaho
The type of vehicle you want to insure will impact how much you pay for car insurance in Idaho. Luxury cars that tend to cost more to repair or replace will generally incur higher insurance rates. Some car models may also be more prone to theft which can also drive up the cost of car insurance.
The type of vehicle to be insured can multiply car insurance rates by 2x in Idaho.
How to Calculate How Much Car Insurance You Need in Idaho
It is important to calculate how much car insurance you need in Idaho so that you can get the best balance of cost and protection. One of the factors that will determine your car insurance premiums is how much coverage you buy.
Idaho insurance laws only require drivers to have bodily injury liability and property damage coverage, but you can opt to buy additional coverage based on your specific needs. If you drive a leased car, your lender may also require you to have comprehensive and collision insurance.
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Understand Idaho car insurance requirements
Looking up Idaho’s minimum car insurance requirements will help you to calculate how much car insurance you need in Idaho. A state minimum policy will only give you coverage of $25,000 bodily injury liability per person, $50,000 bodily injury liability per accident and $15,000 property damage liability per accident. A minimum state policy in Idaho does not include comprehensive and collision insurance, so you will not be covered for damages to your car with this type of policy.
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Consider Purchasing Additional Liability Insurance
In case of a major accident, you can incur high costs. As a result, drivers may need liability insurance above the Idaho minimums if they want to be fully protected. If you purchase a policy with $300,000 in bodily injury liability per accident, you will pay an average of $489 per year compared to roughly $372 per year for a minimum liability policy.
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Decide whether or not to buy comprehensive and collision insurance
When you want to calculate how much car insurance you need in Idaho, you should decide whether you need full coverage insurance to get coverage for damages to your car. Idaho law doesn’t require it. However, if you’re leasing or financing your car, your lender may require it.
The cost of adding comprehensive and collision insurance with a $1,000 deductible is an average of $235 per year in Idaho. However, you may want to drop it if the cost of the full coverage policy exceeds the value of your car.
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Consider buying additional protection besides these core coverages
Idaho doesn’t require uninsured/underinsured motorist coverage, but you can opt for this coverage to protect yourself in case you get into an accident with an uninsured driver. 13.2% of motorists in Idaho are uninsured, so this coverage is an affordable way to protect yourself.
You can also opt to include personal injury protection coverage in your policy to cover medical expenses incurred following an accident.
Frequently Asked Questions About How Car Insurance is Calculated in Idaho
You can learn more about how to calculate insurance premiums in Idaho with these frequently asked questions.
How can I estimate how much my car insurance costs in Idaho?
You can estimate how much your car insurance will cost in Idaho by using MoneyGeek’s car insurance calculator. The calculator will give you car insurance estimates based on your age, coverage required, driving history and type of vehicle to be insured.
What are the most important factors companies use to calculate auto insurance costs in Idaho?
The most important factors that insurance companies use to determine car insurance costs in Idaho are whether there is a teen driver included in your policy, the age of the driver and the level of coverage purchased.
How do I calculate how much car insurance I need?
You can calculate how much car insurance you need in Idaho by looking up Idaho’s minimum car insurance requirements. You also need to find out if you should buy higher liability limits or comprehensive and collision insurance based on your particular profile and needs.
Methodology
MoneyGeek partnered with Quadrant Data Services to get car insurance quotes from across Idaho. Our data science team analyzed how personal factors impacted cost and incorporated our findings into our calculator to provide users with an accurate estimate of their expected yearly auto insurance costs. Read more about our methodology here.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
sources
- National Highway Traffic and Safety Administration. "Teen Driving." Accessed September 19, 2024.