Average car insurance cost in Idaho Falls, ID

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The average car insurance cost in Idaho Falls, Idaho is $1,455 per year, according to Insure.com data analysis. Also, the car insurance rates in Idaho Falls is $27 more than the average rates in Idaho and $440 less than the national average.

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Idaho Falls, the average car insurance rates categorized by age and gender, and the cost of car insurance in Idaho Falls based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Idaho Falls. Read on to learn more.

Cheap car insurance companies in Idaho Falls

Auto-Owners provides the best value for car insurance in Idaho Falls with coverage limits of 100/300/100, costing $848 annually.

A close second is State Farm, which offers car insurance at $1,174 per year.

Read about the best car insurance companies.

Average car insurance cost in Idaho Falls by coverage limits

In Idaho Falls, the average car insurance rates the coverage levels are as follows:

• State minimum coverage: $408 per year (limits are 25/50/25)
• Liability only coverage: $503 per year (limits are 50/100/50)
• Full coverage: $1,455 per year (limits are 100/300/100)
• Non-owners coverage: $217 per year

In most states, drivers are required to have state minimum coverage to drive legally, although these requirements vary by state. However, it’s important to note that state minimum coverage does not provide coverage for any vehicles listed on your policy in the event of an at-fault accident.

To prevent compromising on coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage if you frequently borrow or rent a car but do not own one.

Average car insurance rates by gender in Idaho Falls

Based on an analysis by Insure.com, female drivers in Idaho Falls, Idaho pay an average annual car insurance premium of $1,440. In comparison, male drivers pay $1,471 annually, which is $31 more than what female drivers pay.

According to the Insurance Information Institute, statistics indicate that women are generally considered safer drivers than men. Also, women pay less for car insurance due to the lower rate of severe accidents.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Idaho Falls

In Idaho Falls, car insurance rates are highest for teens, averaging $4,880 per year or $407 per month. According to the Insurance Information Institute, these higher rates for 16- to 19-year-olds are due to their increased likelihood of road accidents due to their lack of driving experience.

Specific teen driving laws have been implemented to help them become better drivers. Additionally, parents can lower teen insurance rates by adding them to their existing auto insurance policy.

As teens grow older and build a positive driving history, their car insurance rates decrease. Young adults usually pay $2,359 annually for their car insurance, which is $2,521 less than what teens pay for their coverage.

In Idaho Falls, adult drivers pay an average of $1,451 per year for car insurance, while senior drivers pay $1,447 annually.

According to the Insurance Information Institute, rates for adults and seniors are significantly lower than for teens and young adults, as they are more likely to obey speed limits and follow road rules.

Read more on auto insurance for seniors.

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

Car insurance rate trends in Idaho Falls

If we look at the car insurance rates trends in Idaho Falls, Idaho, it was on an upward swing from 2022 to 2023. From 2022 to 2023, the rates increase overall by 31%, or $348.

The table below shows the trend for last four years:

Conclusion

In conclusion, Idaho Falls’s car insurance rates are higher than the average insurance rates in Idaho. Drivers in Idaho Falls can find affordable car insurance options by shopping around and taking advantage of available discounts. Moreover, 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.