How Much Does Car Insurance Cost for Retired Military in Idaho?

For veterans, one of the big things that help determine the amount you pay for auto insurance is your address in Idaho. Regions with larger populations or more claims like Lewiston, Idaho Falls, and Moscow tend to have higher rates, whereas areas with less congestion benefit from lower coverage costs.

The next table ranks the most expensive places in Idaho for retired military to buy car insurance in.

Table data uses comparative as zip code location can lower or raise auto insurance rates greatly.

The make and model of vehicle you are seeking coverage for is a large consideration in finding affordable coverage for retired military. Vehicles with lots of horsepower, a lack of modern safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than safer models.

The list below presents auto insurance costs for a handful of the most cost-effective automobiles to insure.

Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Idaho minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Price estimates do not factor in specific garaging location which can decrease or increase price quotes noticeably.

Based upon these rates, we can expect vehicles like the Honda CR-V, GMC Sierra, and Chevrolet Impala will definitely be the more affordable vehicles to insure for veterans.

The diagram below highlights how deductible selection can raise or lower premium costs when researching cheap insurance for retired military. The premium estimates are based on a single male driver, comp and collision included, and no discounts are taken into consideration.

As shown above, a 40-year-old driver could lower their policy premium by $262 a year by increasing from a $100 deductible up to a $500 deductible, or save $396 by choosing a $1,000 deductible. Even younger insureds, such as the 20-year-old example, have the ability to save up to $876 or even more just by choosing higher deductibles when buying full coverage. If you do raise deductibles, it is essential to have additional funds squirreled away to satisfy the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.