How Much are Auto Insurance Quotes for Drivers Requiring a SR22 in Idaho?

This would be a quick read if we could just tell you the company that has the best auto insurance prices in Idaho. It’s not that easy, however, as there are many unknowns like your gender, the vehicle you are insuring, and the number of years you have been driving, that all have an effect on the price. This article will discuss these things and also should give you a good start in finding the cheapest insurance.

For high risk drivers, one of the more important factors used to establish a rate quote is where your car is garaged. Areas with high crime rates or more dense population like Moscow, Lewiston, and Pocatello are more likely to pay higher prices, whereas areas with less traffic congestion and claims profit from lower rates.

The following table lists the most expensive places in Idaho for drivers requiring a SR22 to purchase car insurance in.

Information shown are comparative as vehicle location can increase or decrease premium rates substantially.

The type of vehicle that needs insurance is probably the biggest factor when shopping for the best insurance for drivers requiring a SR22. Vehicles with higher performance, poor safety ratings, or high incidents of liability claims will cost much more to insure than safer models. The information below illustrates coverage rates for a selection of the cheaper vehicles to insure.

Table data represents single male driver age 40, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Idaho minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Premium amounts do not factor in zip code location which can alter coverage rates significantly.

Looking at the rates, we can assume that makes and models like the Hyundai Elantra, Ford Escape, Honda CR-V, Chevrolet Traverse, and Toyota Prius should be a few of the more affordable vehicles to insure for high risk drivers. The price for car insurance will be higher anyway because of the fact that there is more liability risk for drivers requiring a SR22, but generally speaking those models will tend to have the lowest insurance rates compared to other vehicles.

Comparing rates for low-cost car insurance is hard enough, and figuring out which company quotes the most affordable car insurance rates for drivers requiring a SR22 takes even more work. Premiums will probably be much greater than the state average, with the higher price attributed to the extra risk that goes along with selling coverage for high risk drivers, but economical coverage may be attainable if you find the right company.

Every auto insurer has a unique formula to set their prices, so let’s begin by examining the most competitive car insurance companies in Idaho. Keep in mind that Idaho car insurance rates are impacted by many factors which can substantially decrease or increase the policy premium. Simply improving your credit score, buying a home, or getting a reckless driving citation may cause policy rate changes resulting in some companies being affordable when they were higher priced.

Cheap Insurance Rates for SR22 Drivers

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American National quotes some of the best car insurance rates in Idaho at around $247 per year. USAA, Farm Bureau of ID Group, Oregon Mutual, and Travelers also make the cut as some of the cheapest Idaho insurance companies.

In the above rates, if you are currently insured with Oregon Mutual and switched to USAA, you could realize savings of around $122. Insureds with Travelers may save as much as $156 a year, and American Family policyholders might lower prices by up to $190 a year.

If you would like to find cheap car insurance for drivers requiring a SR22 in Idaho, click here to get a free quote or click several companies below for low rates.

Be aware that those premiums are averaged for all types of drivers and the different vehicles they drive and are not factoring in a rate surcharge for drivers requiring a SR22. So the car insurance company that is best suited for you may not even be shown in the above rate chart. That affirms the importance of why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.

Buying coverage from the best insurance provider can be rather challenging considering how many companies provide coverage in Idaho. The ranking data listed below could help you select which car insurance providers to look at comparing rate quotes with.

The ratings below only include the companies with a significant amount of written premium nationwide, so smaller companies are not factored into this list. To compare prices and find cheaper insurance for drivers requiring a SR22, follow this link.

Top 10 Major Auto Insurance Companies in Idaho Ranked by Claims Service

1. State Farm
2. Esurance
3. AAA Insurance
4. GEICO
5. Progressive
6. Liberty Mutual
7. Allstate
8. The Hartford
9. The General
10. Farmers Insurance

Top 10 Major Auto Insurance Companies in Idaho Ranked by A.M. Best Rating

1. USAA – A++
2. Travelers – A++
3. State Farm – A++
4. GEICO – A++
5. Esurance – A+
6. Nationwide – A+
7. Allstate – A+
8. Progressive – A+
9. The Hartford – A+
10. The General – A-

Full coverage rates compared to liability-only

Finding cheap car insurance for drivers requiring a SR22 in Idaho is important to the majority of people, and one good way to reduce the cost of insurance is to buy liability only. The diagram below visualizes the comparison of yearly insurance costs with full phyical damage coverage and with liability coverage only. The prices are based on no claims, a clean driving record, $1,000 deductibles, single marital status, and no policy discounts are applied.

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As an average for all age groups, comprehensive and collision coverage on your policy costs an extra $1,328 per year more than insuring for liability only. That amount may make you wonder if physical damage coverage is worth the money. There is no clear-cut rule to stop buying physical damage insurance, but there is a broad guideline. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s say your vehicle’s book value is $10,500 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $9,500 after you pay the deductible. If it’s costing you more than $950 annually for full coverage, then you might want to think about dropping full coverage.

How to find more affordable car insurance for drivers requiring a SR22

The list below summarizes some thrifty solutions that can help drivers get lower-cost auto insurance.

• Increase your comprehensive and collision deductibles
• Increase your credit score
• Do not get traffic citations
• Staying accident-free helps keep rates low
• Safer vehicles generally have cheaper insurance rates
• Look for cheaper rates once a year by shopping around

The last idea is extremely vital, as we stressed in this article. Auto insurance prices can be modified anytime, so don’t be tentative to switch carriers if a more affordable rate is found.

Staying with the same car insurance company is fine, but it isn’t a good idea if that loyalty results in overpaying a lot of money every month. It takes less than five minutes to compare rates to find cheaper auto insurance for drivers requiring a SR22.