Average car insurance cost in Caldwell, ID

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According to data from Insure.com, the average annual cost of car insurance in Caldwell, Idaho is $1,417. The auto insurance rates in Caldwell is $11 less than the state average and $478 less than the national average.

Car insurance premiums vary significantly based on where they are filed. Factors such as city demographics, population density and average resident age, accident rates, theft, and vandalism rates will influence the amount of premiums you pay.

This article talks in detail about the most affordable car insurance companies in Caldwell, the average car insurance rates by age and gender, and how much car insurance cost in Caldwell depending on coverage limits. Whether you’re a new driver or an experienced one, this article will help you to find the most affordable car insurance in Caldwell. Keep reading to learn more.

Cheap car insurance companies in Caldwell

Auto-Owners offers the most affordable car insurance in Caldwell for coverage limits of 100/300/100 at $795 per year.

The Geico comes close second offering car insurance at $997 per year.

As mentioned previously, car insurance quotes differ amongst companies due to the factors they consider when determining rates. Hence, it’s advisable to obtain quotes from multiple insurers to find affordable car insurance rates in Caldwell that align with your needs before finalizing your insurance carrier.

Here are the average annual and monthly costs for the various car insurance companies providing coverage in Caldwell, Idaho:

Read about the best car insurance companies.

Average car insurance cost in Caldwell by coverage limits

The average car insurance rates in Caldwell based on coverage types are as follows:

• State minimum coverage: $427 per year (limits are 25/50/25)
• Liability only coverage: $527 per year (limits are 50/100/50)
• Full coverage: $1,417 per year (limits are 100/300/100)
• Non-owners coverage: $225 per year

In many states, it’s a legal requirement for drivers to maintain the state minimum coverage, although these requirements vary by state. The state minimum coverage does not cover vehicles listed on your policy in an at-fault accident.

To avoid the risk of insufficient coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage, especially if you frequently borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Caldwell

In Caldwell, Idaho, the average annual car insurance premium for female drivers is $1,402 per year.

While the average annual cost for male drivers is $1,433 per year, which is $31 more than what female drivers pay, according to a rate analysis by Insure.com.

According to the Insurance Information Institute, statistics demonstrate that women are generally regarded as safer drivers than men. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Caldwell

In Caldwell, teenagers have the highest car insurance rates, at $4,706 per year or $392 per month. This higher rate is attributed to the increased risk of road accidents among teenagers (aged 16 to 19) due to their limited experience on the road, according to the Insurance Information Institute.

However, there are driving laws for teens to improve their driving habits. Additionally, the cost of teen insurance can be reduced by adding them to a parent’s auto insurance policy. As teens mature and establish a positive driving history, their car insurance rates are likely to decrease.

Young adults, pay an average of $2,290 annually for car insurance, which is $2,416 less than what the teens pay for their insurance policy.

Meanwhile, adult, and senior drivers in Caldwell have car insurance rates of $1,415 and $1,412 per year, respectively. The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below shows the average annual rates for drivers of different age groups:

Car insurance rate trends in Caldwell

If we look at the car insurance rates trends in Caldwell, Idaho, it was on an upward swing from 2022 to 2023. From 2022 to 2023, the rates increase overall by 33%, or $349.

The table below shows the trend for last four years:

Conclusion

Car insurance rates in Caldwell are lower than the average rates in Idaho. Drivers in Caldwell can secure affordable car insurance by shopping around and utilizing available discounts. Additionally, many insurance companies offer bundling discounts for customers who purchase multiple policies from the same provider.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.