Who Has Cheap Car Insurance for College Students in Idaho?

The vehicle model requiring coverage is one of the biggest factors when comparing the lowest-priced car insurance for college students. Vehicles with lots of speed or power, poor passenger safety features, or a track record of large liability claims will cost more to insure than safer models.

The next list presents insurance rates for some of the most economical vehicles to insure in Idaho.

Prices above based on single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Idaho minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in zip code location which can influence premiums substantially.

Looking at the numbers, we can conclude that vehicles like the Hyundai Elantra, Honda CR-V, and Ford Escape will be a few of the less-costly vehicles to insure for students in college. Auto insurance rates will trend higher because of the fact that there is more claim risk for college students, but overall those specific models will have the lowest insurance rates that you’ll find.

Determining which company quotes the cheapest insurance rates for college students calls for a bit more work in order to find a policy that fits your budget.

Each company has their own process to set policy rates, so let’s take a look at the insurance companies with the overall best prices in Idaho. It’s a good idea to know that Idaho insurance rates are based on many factors that will increase or decrease the cost of coverage. Simply having another birthday, getting divorced, or having a fender bender can trigger price changes that may make certain companies cheaper in comparison to the competition.

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American National quotes some of the lowest car insurance rates in Idaho at around $247 annually. Farm Bureau of ID Group, USAA, Oregon Mutual, and American Family also qualify as some of the best Idaho insurance companies.

As shown in the rates above, if you currently have a policy with Oregon Mutual and switched to American National, you may see an annual premium reduction of in the vicinity of $425. Insureds with American Family may save as much as $459 a year, and Travelers customers might cut rates by $460 a year.

These policy prices are averages for all ages of drivers and types of vehicles and do not take into consideration a rate increase for college students. So the auto insurance company that is best suited for you may not even be shown in the above list. That illustrates why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

The example below shows how choosing a deductible can impact premium costs when trying to find cheap insurance for college students. The premiums assume a single male driver, full physical damage coverage, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2325,2123,1899,1687],[‘Age 30’, 1211,1115,1005,895],[‘Age 40’, 1199,1099,981,871],[‘Age 50’, 1093,1001,897,799],[‘Age 60’, 1057,971,873,777],[‘Age 70’, 1279,1179,1069,965]]);var options = {title: ‘Impact of Deductible Levels on Auto Insurance Prices in Idaho’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

In the chart above, a 30-year-old driver could lower their car insurance rates by $218 a year by switching from a $100 deductible to a $500 deductible, or save $328 by selecting a $1,000 deductible. Young drivers, like the 20-year-old category, could reduce their rates $638 annually just by choosing larger deductibles. If you make the decision to raise deductibles, it will be necessary to have additional funds in a savings account to satisfy the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Get discount Idaho insurance

Car insurance companies that provide cheap car insurance for college students in Idaho may have special discounts that could lower prices by as much as 35% if you meet eligibility requirements. The best insurance companies and a selection of discounts are shown below.

• American Family offers discounts for accident-free, air bags, bundled insurance, good driver, and multi-vehicle.
• State Farm policyholders can earn discounts including anti-theft, accident-free, Steer Clear safe driver discount, passive restraint, defensive driving training, good student, and safe vehicle.
• 21st Century discounts include driver training, 55 and older, student driver, anti-lock brakes, and defensive driver.
• Travelers has savings for early quote, good student, home ownership, IntelliDrive, and new car.
• GEICO offers discounts including air bags, seat belt use, anti-theft, five-year accident-free, emergency military deployment, and membership and employees.

The illustration below illustrates the difference between auto insurance rates with and without discounts applied to the premium. The costs are based on a male driver, no claims or driving citations, Idaho state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with anti-theft, passive restraint, good student, paperless filing, vehicle safety, and continuous coverage discounts applied. With discounts applied, the average amount saved each year on insurance for college students is 18% or $307.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 2859,2057],[‘Age 30’, 1459,1069],[‘Age 40’, 1329,1057],[‘Age 50’, 1287,963],[‘Age 60’, 1575,933]]);var options = {title: ‘Insurance Rate Comparison with Discounts for College Students’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Idaho’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

How to get cheap car insurance for college students in Idaho

The list below shows some of the better money-saving solutions that can help Idaho drivers find lower-cost coverage.

• Vehicles with safetly features generally cost less to insure
• Frequent claims will increase rates
• Save money by obeying traffic laws and keeping a clean driving record
• Maintain a safe distance and avoid accidents
• Pay lower rates with good credit
• Check for cheaper rates once a year

The last suggestion is incredibly critical, as we noted in this article. Prices adjust frequently, so drivers shouldn’t be reluctant to switch companies if a cheaper price is available.

Sticking with a specific company is fine, but we do not recommend it if that faithfulness ends up costing you potentially thousands of dollars a year. Spend a few minutes and shop around to find cheaper auto insurance for college students.

Who has the cheapest insurance quotes for students in college?

Drivers have a lot of different ways to compare cheaper insurance rates in Idaho, but the most preferred are through an exclusive agency such as State Farm or Allstate, an independent insurance agent, or from a direct company like Geico. You can use whichever method you prefer, but each is different in how they provide rate quotes.

Independent insurance agencies write for multiple companies and can compare rates with each one. These types of agencies do not sell for just one brand and can get prices from more than one company, which can help you get a better comparison. If cheaper coverage is found, your policy can be easily switched to a new company and you won’t have to switch agencies.

A captive, or exclusive, agent is only able to quote rates from one insurance company, two examples being a Liberty Mutual or State Farm agent. These agents are unable to compare rates from other companies, so if finding the cheapest insurance is your goal, you will want to shop around.

Buying from a direct company means do not use a local agent and buy from a direct company like Geico or Progressive. Shopping direct can be good for drivers who do not have a need for a risk management assessment and have some degree of understanding of what coverages they need.

So which one of the three ways works best to buy cheap car insurance for college students in Idaho? We would first guess that shopping direct saves the most money since it doesn’t require paying agent commissions, but that turns out to not be true. We’d also like to say using an independent agent is the best way to go since they can provide multiple quotes, but again, it’s not a sure thing. For the right applicant, exclusive agents have extremely competitive rates well below independent agents AND direct companies.

Since insurance prices are based on many different factors, really the best method to ensure you are not overpaying is to compare rate quotes from as many companies as possible. Set aside the time to get prices from all three to get a good idea who is cheapest. For a list of companies with cheap rates in Idaho, click here to view.