Car Insurance in Idaho

Idaho is a Spartan state, one of the least inhabited and most awe-inspiring with the Rocky Mountain ranges, beautiful waterfalls and the largest tracts of unspoiled wilderness left in the United States. This state is known for being number 39 out of the 50 states in population. It is also 7th on the list of states as least densely populated. The state has less population then the majority of the larger US cities. However within the last decade it has been one of the fastest growing states being in the top 10 for population growth. It is also home to one of the cheapest insurances rates in the country, ranking 3rd least expensive.

At Fault Insurance

Part of the reason for the inexpensive insurance rates could be argued as the result of the hybrid system in place for insurance. Not only is Idaho an at fault state, but it is one of the few that also assigns fault to multiple partners, with those less at fault able to lessen their damages as a result. Alternately, the state does also mandate that liability insurance is required of ever driver in the state at a minimum level.

These minimum insurance coverages include:

  • $25,000 for bodily injury for a person in a single accident
  • $50,000 for 2 or more people’s bodily injury in an accident
  • and $15,000 for property damage coverage.

Underinsured and uninsured coverages are also mandated to be included in every policy and at the same state mandatory minimums as your liability policy listed above.

So while the state is an at fault state and litigation is possible from every accident, the fact that more than standard insurance is required in the state appears to keep rates somewhat lower. The at fault comparative negligence law that allows for multiple people to share in the fault at varying degrees from 10% up to 100% enables the blame and obligation of payment to be shared among all parties that share in the blame as well.

Optional Insurance Coverages

Although the state requires certain minimum requirements, because the state is an at fault state, most people also prescribe to a number of optional coverages in order to protect them from catastrophe in case of an accident.

These coverages include Comprehensive that covers damage from origins other than an accident, such as theft, fire or vandalism. Collision covers property damage to your vehicle and other objects in case of an accident. Medical payment coverage can cover medical and funeral costs to you and your passengers no matter who is found at fault. Custom equipment insurance helps pay for any custom equipment or modifications to your vehicle that is damaged in an accident beyond the basic specifications for your vehicle. Rental reimbursement and towing insurance cover the cost of towing your vehicle to a garage and the cost of a rental vehicle while it is fixed.

All of these optional coverages are in addition to the minimum requirements. Yet most insured people also increase the minimum coverages well beyond their minimums.

Common Insurance

If you are found to be too high a risk for Idahoan Insurance Companies, like many other states there is a common carrier that provides insurance no matter your driving history. This agency, state run is the Idaho Automobile Insurance Plan is available to anyone. If you are having issues getting insurance coverage this would be an option.

However with it also being the most expensive option in the state, you would be better served by exhausting every other option before choosing the state-run insurance plan.

Violating Insurance Law

Since Insurance is mandatory violating this law by driving with no insurance comes with consequences in the state. The state requires when registering a vehicle that you sign a statement verifying that you have and will maintain the minimum requirements of insurance needed.

If you are caught driving without insurance, by providing an insurance card, there are fines and consequences. The first offense is a $75 fine. Second and latter offenses include a fine up to $1000, up to 6 months in jail and the further requirement that you provide proof of financial responsibility in order to maintain insurance minimums, known as a SR-22.

An SR-22 is obtained from an insurance agent. The insurance agent must also submit it directly to the Idaho Transportation Department as your proof of financial responsibility and insurance coverage. This certificate is also required for various other driving offenses such as DUI and reckless driving.

If you live in Idaho, yearly insurance costs run only $877 annually on average. With such a low rate in the nation it is a great state for keeping your auto insurance costs low.

Read also:

Car Safety in Idaho
Driving Schools in Idaho
Car Accident Attorneys in Idaho