Idaho ranks 36th in the nation for auto insurance prices, with the average premium costing $1,325 per year. Insurance is cheaper here than in neighboring Montana, Wyoming, Oregon and Washington, but Nevada and Utah are both slightly less expensive. This figure is calculated from an average of all auto policies in the state, and the actual cost of insurance may vary from one driver to the next depending on the driver’s history, credit score, age and what coverage is carried on the policy.

By taking the time to understand what factors influence the cost of auto insurance, a driver can make the best decisions regarding his policy. Balancing coverage with cost will ensure that a driver is able to get the most affordable policy without sacrificing protection.

How much will I pay for car insurance per month in Idaho?

Car insurance companies determine the cost of rates by assessing risk. The higher the likelihood of a vehicle being involved in an accident, the more the insurance will cost. This is done to compensate for the expense of claims and also to reward safe drivers with low premiums. On a personal level, policies vary from one individual to the next based on a person’s driving history and other risk factors.

Auto insurance costs also vary from state to state due to an area’s crime rate, geography, weather, population of uninsured motorists and DUI statistics. Areas with large metropolitan areas and heavily congested traffic will usually have higher insurance premiums than more rural communities.

Additionally, places that are prone to windstorms, hail or flooding are more likely to have weather-related claims than places without severe weather. Snow also plays a role in insurance costs; many accidents are caused each year by ice and snow, and states with severe winter weather may have a higher incidence of these claims than warmer states.

One of the main contributors to high insurance premiums is a large population of uninsured drivers. Whenever a driver without insurance causes an accident, the cost must be absorbed by the other person’s insurance company. This leads to lost profits that must be recovered by increasing insurance premiums throughout the area.

Idaho has a low incidence of uninsured motorists, approximately 9 percent. This figure helps to keep premiums low throughout the area and is a major reason why insurance is cheaper here than in neighboring states such as Montana that have substantially higher rates of uninsured drivers.

Drunk driving is also fairly rare in Idaho. In 2009, there were 93 DUI-related fatalities in the state; this accounts for 29 percent of all driving fatalities that year. Drunk drivers cause many serious auto accidents and fatalities each year, leading to expensive claims for insurance companies. The lower the number of drunk drivers, the fewer serious accidents will tend to occur in an area.

The specific insurance requirements of any given state will also play a role in determining the cost of insurance for that area. States can set their own laws regarding auto insurance, and some states require more coverage than others. This can cause the average cost of insurance in one state to be higher than another state’s average, although similar policies would have a much smaller price gap between them.

Idaho Car Insurance Requirements

Idaho has moderate insurance requirements. In order to register a vehicle in Idaho, a driver must carry a minimum of $15,000 in property damage liability insurance and $25,000 in bodily injury liability per person, up to $50,000 per accident. The liability limit is the highest amount that an insurance company will pay for a single accident. If a driver causes damage that exceeds his limits, he may be responsible to pay the remaining balance out of his pocket. Because of this, drivers should always purchase as much liability insurance as they can afford; that will protect their assets from lawsuits and help to cover expensive collisions.

Uninsured motorist coverage is offered by default on all policies in Idaho, but a driver can opt out of this coverage if he desires. Uninsured motorist insurance replaces the liability coverage of an uninsured driver; coverage can pay for the insured person’s damage and injuries, and the limits are usually the same as his own liability limits. In most cases, the deductible for uninsured motorist coverage is lower than the collision deductible.

Drivers with new vehicles or those currently being financed must purchase collision and comprehensive coverage. If a vehicle is older or heavily depreciated, first-party auto insurance may not be a necessary expense. Collision and comprehensive pay for damage that an insured vehicle sustains regardless of who is at fault for the accident.

Other optional coverage in Idaho includes personal injury protection, rental reimbursement and towing coverage. Because Idaho is a tort state, drivers do not need to carry injury coverage on their own vehicles; they can sue another driver for medical expenses if they are in an accident caused by someone else. It may still be a good idea to purchase injury coverage on the auto policy, however, to protect the insured in single-car collisions or other at-fault accidents where injuries may exist.

Whether you’re a new Idaho resident or just someone looking for the best rates on auto insurance, you can get the best deal by comparison shopping for insurance online. Once you fill out the form for a free quote, you will be able to browse multiple companies that can offer you affordable insurance. After choosing the company that you prefer, you can discuss your individual policy needs with the customer service representative or agent. He or she will be happy to customize your coverage to meet the needs of your family without breaking your budget.