Wouldn’t life be so easy if you could know instantly the one company that has the cheapest policy rates for good drivers? Regrettably, it’s not quite that easy, as there are a ton of unknowns such as whether you are male or female, if you have a tendency to get pulled over, and your credit history. In this article, we will teach you about the best ways to avoid overpriced car insurance and hopefully give you enough understanding to have a good start in finding the cheapest car insurance in Idaho.
Deciphering which companies have the best insurance rates for good drivers requires a little more work than just picking a company at random. Every insurance company has a proprietary formula for determining prices, so we’ll take a look at the most competitive insurance companies in Idaho.
Keep in mind that Idaho insurance rates are based on many factors that may substantially change the policy premium. Improving your credit rating, buying a home, or getting a DUI can trigger rate changes resulting in some companies being much cheaper than others.
Find Cheaper Auto Insurance for Good Drivers
|Rank||Company||Cost Per Year|
|2||Farm Bureau of ID Group||$534|
|View More Rates Go|
American National quotes some of the most affordable car insurance rates in Idaho at around $237 annually. Farm Bureau of ID Group, USAA, Oregon Mutual, and Travelers would also be considered some of the best Idaho insurance companies.
As shown in the table above, if you currently buy coverage from Travelers and switched to Farm Bureau of ID Group, you might see yearly savings of approxmiately $145. Policyholders with American Family may save as much as $186 a year, and Auto-Owners insureds might reduce prices by as much as $200 a year.
Be aware that those rates are averages for all types of drivers and the different vehicles they drive and do not take into consideration a price discount for good drivers. So the car insurance company that can offer the best rates for your situation may not even be featured in the list of companies above. That affirms the importance of why you need to get rate quotes from many companies using your own specific driver and vehicle information.
The car, truck, or SUV that is being insured is one of the main factors when comparison shopping for the best cheap auto insurance for good drivers in Idaho. Vehicles with limited speed and performance, advanced safety features, or a low likelihood of liability claims will cost quite a bit less to insure than higher performance models. The list below presents insurance premiums for a selection of the cheapest vehicles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Jeep Wrangler Sport 4WD 2-Dr||$377|
|Ford Escape XLT 4WD||$381|
|Hyundai Tucson GLS 2WD||$404|
|Ford Explorer Eddie Bauer 2WD||$414|
|Ford Focus SE 4-Dr Sedan||$429|
|Ford Edge SEL 2WD||$435|
|Honda CR-V EX 4WD||$433|
|Chevrolet Traverse LS 2WD||$438|
|Chevrolet Equinox LT AWD||$439|
|Honda Civic EX 4-Dr Sedan||$455|
|Honda Odyssey EX-L||$465|
|Toyota Highlander 2WD||$473|
|Ford F-150 XLT Regular Cab 4WD||$478|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$474|
|Subaru Forester X AWD||$481|
|Chevrolet Impala LS||$487|
|Hyundai Santa Fe GLS 2WD||$496|
|Toyota Sienna CE||$490|
|Chevrolet Malibu LS||$498|
|Kia Forte EX 2-Dr Coupe||$501|
|Toyota RAV4 Sport 4WD||$503|
|Subaru Outback 2.5I Limited||$510|
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Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Idaho minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Rate information does not factor in vehicle garaging location which can lower or raise auto insurance rates greatly.
Looking at the data, you can see that models like the Jeep Wrangler, Ford Escape, and Hyundai Tucson are going to be the most budget-friendly vehicles to insure for safe drivers.
Car insurance companies that offer the best cheap auto insurance for good drivers in Idaho may also provide special discounts that could lower prices by as much as 35% if you are eligible for them. Popular insurance companies and some of their more popular discounts can be found below.
|Daytime running lights||Yes||No||Yes||No||No||Yes|
|Defensive driving course||Yes||Yes||Yes||Yes||Yes||Yes|
|Pay in full||Yes||Yes||No||Yes||Yes||Yes|
|Student at college||No||Yes||Yes||Yes||Yes||Yes|
|Own a home||No||No||No||Yes||No||Yes|
|Seat belt usage||Yes||No||No||No||No||No|
|Get quote online||No||No||No||Yes||No||No|
|Get Quotes Go|
The information below illustrates the comparison of insurance costs with and without policy discounts. The premiums assume a male driver, no accidents, no driving violations, Idaho state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple vehicle, passive restraint, defensive driving course, marriage, anti-theft, and vehicle safety discounts applied. When drivers take advantage of discounts, the the amount saved on insurance for good drivers is 13% or $265.
The chart below highlights how deductible selection can affect insurance costs when searching for cheap insurance for good drivers. The rate quotes are based on a married male driver, comp and collision included, and no discounts are taken into consideration.
In the chart above, a 40-year-old driver could save $166 a year by increasing from a $100 deductible to a $500 deductible, or save $250 by switching to a $1,000 deductible. Youthful drivers, such as the Age 20 example, can cut as much as $548 or even more just by choosing higher deductibles.
When insureds make the decision to increase the deductibles on their policy, it will be necessary to have additional funds in a savings account to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
It’s not impossible to find cheaper rates, and here are some of the better penny-pinching suggestions that can help drivers get the cheapest car insurance.
That last tip is extraordinarily vital, as was stressed in this article. Prices charged by companies can change considerably based on profitability, so don’t be afraid to buy a different policy if you find a better deal.
Many consumers stick with the same company and that’s fine, but we do not recommend it if that faithfulness ends up costing you a lot of money every month. If you have a few minutes, shop around to find cheaper car insurance for good drivers.