Average car insurance cost in Caldwell, ID

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Based on an analysis by Insure.com, the typical car insurance expense in Caldwell, Idaho is $1,417 annually. Furthermore, car insurance premiums in Caldwell are $11 less than compared to the state average in Idaho and $478 less than the national average.

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Caldwell, the average car insurance rates by age and gender, and the costs in Caldwell based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Caldwell. Keep reading to learn more.

Cheap car insurance companies in Caldwell

Auto-Owners provides the best value for car insurance in Caldwell with coverage limits of 100/300/100, costing $795 annually.

A close second is Geico, which offers car insurance at $997 per year.

Read about the best car insurance companies.

Average car insurance cost in Caldwell by coverage limits

The average car insurance rates in Caldwell by coverage type are as follows:

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

In many states, drivers are legally required to maintain state minimum coverage. However, these requirements vary by state. However, the state minimum coverage does not protect vehicles listed on your policy in an at-fault accident.

It’s advisable to choose full coverage to avoid the risk of inadequate coverage and out-of-pocket expenses. You can also choose non-owners coverage if you often 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

Car insurance rates in Caldwell, are highest for teens at $4,706 per year or $392 per month. According to the Insurance Information Institute, the rates are higher for teens (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road. To address this, there are specific driving laws for teens to help them drive better. Additionally, parents can potentially reduce teen insurance rates by adding them to their existing auto insurance policy.

As teens age and build a positive driving history, it’s common for car insurance rates to decline. Young adults typically pay $2,290 annually for their car insurance, which is $2,416 less than what teens pay for their insurance coverage.

In Caldwell, adult drivers pay an average of $1,415 per year for car insurance, while senior drivers pay $1,412 annually.

The rates for adults and seniors are notably lower compared to the rates for teens and young adults as they are more likely to obey the speed limits and follow the rules of the road, as per the Insurance Information Institute.

Read more on auto insurance for seniors.

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

Car insurance rate trends in Caldwell

Examining the trends in car insurance rates in Caldwell, Idaho, there was an upward trend from 2022 to 2023. Between 2022 and 2023, rates increase overall by 33% or $349.

The table below illustrates the trend over the three years:

Conclusion

In conclusion, the insurance rates in Caldwell, are lower than the average insurance cost in Idaho. Shopping around and taking advantage of available discounts, drivers in Caldwell can find affordable car insurance options. Additionally, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

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.