Idaho insurance rates in 2010 were quite low as they averaged $1,156 in 2010 whereas the national average for that year was $1,538.
Annual Changes
Average annual rates for auto insurance in Idaho fell by 18% in 2010 as compared to rates in 2009. There is no regulation of insurance rates by the state and all companies are free to set their own rates based on their own formulas for calculating risk. While the downward trend of insurance costs in Idaho does parallel national trends, it is not possible to determine whether these trends will continue. Using this site to monitor prices and to request multiple quotes is therefore the best way for drivers to make sure they are getting the best rates.
Seasonal Changes
Volatility marked auto insurance costs in Idaho throughout 2010. Peaks occurred in the spring months, followed by a sharp fall in the summer months and stabilization in the fall and winter. Because prices for car insurance can change rapidly in Idaho, it is always best to shop around and to keep tabs on price changes.
Insurance Requirements
In Idaho, mandatory personal liability coverage is set at $25,000 per person, with a $50,000 limit per accident, whereas the minimum property damage liability coverage is only $15,000. Under the tort system in Connecticut, one party is judged responsible for all damages that result from an accident so that higher coverage limits are highly recommended to preserve assets in the event of a lawsuit. In addition, obtaining coverage for uninsured/underinsured motorist damages is highly recommended even though it is not required in Idaho.
Advice for Getting the Best Deals
National and regional insurers offer auto insurance policies to drivers in Idaho. Since each company sets its own rates as it sees fit, it is not possible to know which companies offer the lowest prices. Therefore, obtaining multiple quotes from reliable insurance companies that are rated A or higher by A. M. Best is highly recommended. In addition, consulting the J. D. Power consumer satisfaction ratings for each company is often advised.
This site provides the easiest and most convenient way for Idaho drivers to get the best prices by providing up-to-date price information and multiple quotes from Idaho insurers.
