How to find the best car insurance in Idaho
With so many options available, finding Idaho car insurance may seem daunting, but Bankrate is here to help. We understand that different drivers may have different priorities, whether that be cheap premiums or top-notch customer service. It’s essential to find a company that meets your needs so that you can maintain continuous coverage. Not only is car insurance mandatory in Idaho, but sufficient auto insurance coverage can provide integral financial protection. If you are the at-fault driver in an uninsured accident, you could be on the hook for thousands of dollars or more in damages. A robust car insurance policy may help reduce the instances of a hefty out-of-pocket expense.
Consider minimum insurance requirements in Idaho
When looking for cheap car insurance in Idaho, you may be tempted to carry just the state’s minimum required limits. Although this option may offer lower premiums, this coverage package could cost you in the long run if you are in an at-fault accident and the damage exceeds your liability limits. Many insurance professionals suggest that you carry higher limits than the state minimum if you can reasonably afford to do so. Knowing the minimum insurance requirements in Idaho could help provide a baseline from which to build your coverage package.
Consider lender requirements
Along with carrying at least Idaho minimum coverage, you will likely have additional insurance requirements if you are financing or leasing your vehicle. In this instance, your lender will likely require you to carry comprehensive coverage and collision coverage. They may also stipulate how high you can set your deductible (with the maximum usually being $500 or $1,000). If you’re leasing, you’ll probably have liability insurance requirements to meet, too.
Your lender technically owns your vehicle while you are making payments or leasing, making them an additional interest. In simpler terms, your lender is interested in your car's financial wellbeing, so they usually mandate specific insurance requirements above state minimums.
Consider your individual needs
The best car insurance policy is generally one tailored to your specific needs. For instance, you might be considered a high-risk driver if you have a less-than-stellar driving record or credit score. In that case, requesting quotes from high-risk car insurance companies might make sense. Or, maybe your teen just got their driver’s license. If so, looking for a company that provides multiple teen driver discounts could be the easiest way to find coverage you can afford. To get started, you may want to research carriers by reading online reviews and, when in doubt, a meeting with an agent could be helpful.