Cheap Insurance Quotes for Used Cars in Idaho

It’s impossible to miss the ads from car insurance companies like Allstate, Nationwide, and GEICO that make claims of big savings, so drivers just need to choose one randomly, right?

It’s just not that simple, as there are a lot of unknown aspects like the amount of driving experience you have, if you want full coverage, and whether you are married or single, that all help calculate your car insurance rates. This article should teach you a little about the best ways to shop for cheaper coverage and also should give you a good beginning to your quest for cheaper car insurance.

Establishing which company quotes the cheapest auto insurance rates for used cars requires a little more work in order to find the lowest price quote. Every auto insurer has their own formula to set policy rates, so let’s take a look at the most competitive auto insurance companies in Idaho.

Best Auto Insurance Prices for Used Cars

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American National offers some of the most affordable car insurance rates in Idaho at around $237 annually. Farm Bureau of ID Group, USAA, Oregon Mutual, and Travelers also qualify as some of the best Idaho insurance companies.

As illustrated above, if you are insured with Oregon Mutual and switched to American National, you could see annual savings of in the vicinity of $435. Idaho drivers with Travelers could save as much as $442 a year, and American Family policyholders might reduce prices by as much as $483 a year.

Bear in mind that those policy rates are averaged across all types of drivers and the different vehicles they drive and and are not figured with a price discount for used cars. So the car insurance company that fits your situation best may not even be shown in the company chart above. That helps illustrate why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.

For pre-owned vehicles, one of the big criteria that is looked at to help calculate auto insurance rates is where your car is garaged. Regions with more people or even just more weather-related claims like Moscow, Rexburg, and Sandpoint tend to pay more, whereas less populated areas have the enjoyment of a little cheaper coverage.

The information below ranks the highest-priced areas in Idaho for used cars to buy an auto insurance policy in.

Rate quotes are comparative as zip code location can affect premium rates noticeably.

The vehicle you are insuring is probably the largest consideration that determines whether or not you can buy cheap insurance for used cars in Idaho. Vehicles with reasonable performance levels, good safety features, or low incidents of liability claims will cost less to insure than adrenaline junky models.

The table below ranks auto insurance prices for a handful of the most economical automobiles to insure in Idaho.

Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Idaho minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Table data does not factor in specific zip code location which can modify premium rates noticeably.

Looking at the numbers, vehicles like the Hyundai Elantra, Honda CR-V, Ford F-150, Honda Odyssey, and Chevrolet Traverse are going to be the cheaper vehicles to insure for pre-owned vehicles.

The chart below illustrates how your deductible choice can raise or lower premium costs when getting quotes for cheap insurance for used cars. The premium estimates are based on a single female driver, full coverage, and no discounts are applied to the premium.

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The chart above illustrates that a 40-year-old driver could pocket $260 a year by switching from a $100 deductible up to a $500 deductible, or save $396 by switching to a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could save as much as $668 or even more by choosing a larger deductible amount. If you do raise deductibles, it is important to have spare funds to be able to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Careless drivers pay higher rates

The easiest way to get cheap insurance for used cars in Idaho is to drive safe and avoid tickets and accidents. The example below illustrates how speeding tickets and at-fault accidents can influence insurance rates for different categories of driver ages. The rates are based on a married female driver, comp and collision included, $500 deductibles, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 1349,1743,2139],[‘Age 30’, 943,1337,1735],[‘Age 40’, 935,1331,1725],[‘Age 50’, 821,1217,1613],[‘Age 60’, 785,1179,1575],[‘Age 70’, 845,1237,1633]]);var options = {title: ‘Effect of Tickets and Accidents on Idaho Car Insurance Rates’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Idaho’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The data above shows the average cost of car insurance in Idaho per year with no accidents and a clean driving record is $946. Add in two speeding tickets and the average cost surges to $1,341, an increase of $394 each year. Then throw in one accident along with the two speeding tickets and the yearly cost of auto insurance for used cars jumps again to an average of $1,737. That’s an increase of $790, or $66 per month, just for not paying attention while driving!

Tips for finding the cheapest auto insurance for used cars

The list below summarizes many penny-pinching ideas that can help Idaho drivers find cheaper coverage.

• Vehicles with good safety ratings have lower liability rates
• Serious violations like DUI or reckless driving can increase rates dramatically
• Improve your credit
• Raise your physical damage coverage deductibles
• Staying accident-free helps keep rates low
• Shop around once a year for cheaper rates

That last tip is especially significant, as we discussed in the prior article. Prices charged by companies fluctuate constantly, so drivers shouldn’t hesitate to buy from a new company if a better deal can be had. Many drivers have brand loyalty and that’s fine, but we do not recommend it if that faithfulness ends up costing you a small fortune. It only takes a couple minutes to compare prices to find cheaper auto insurance for used cars.

Best cheap insurance quotes for pre-owned vehicles

There are a variety of different ways to purchase auto insurance in Idaho, but the three most common methods are using an independent insurance agent, a captive (or exclusive) agency like Allstate or Liberty Mutual, or from a direct company like Geico or Progressive.

They all have the same end result, but they differ slightly in how they provide price quotes.

Independent agents work for many companies and can do rate comparisons with all of them. They are not employed by only one company and can give you more rate choices, which may provide you with a better overall rate comparison. If prices rise, the agent simply finds a different carrier and you can keep the same agent.

An exlusive, or captive, agency is able to place business with a single insurance company, a couple examples are State Farm and Allstate agents. Exclusive agents cannot compare other company’s rates, which requires you to shop around.

Auto insurance from a direct company means you do not use a local agent and buy direct from companies such as Esurance or Geico. Shopping direct is good for drivers who have limited assets and have knowledge of what specific coverages and deductibles they need.

So which way is best for finding cheap insurance for used cars in Idaho? We’d like to say buying direct saves money because there is no agent involved, but that is not always the case. And we’d like to say an independent agent guarantees the lowest rates due to having more companies to select from, but again, it’s not necessarily true. And sometimes, the exclusive agents have really good rates that are well below what direct and independents offer.

Since auto insurance prices vary so much, the one way to ensure the lowest rates is to compare rate quotes from as many companies as possible. It’s recommended that drivers get price quotes from all three to have a good selection of rates to choose from. A great place to start is our list of online companies offering discounts: click here to view.