Who Has the Cheapest Auto Insurance for High Mileage Drivers in Idaho?

Wouldn’t it be easy if you could just know the one company that has the cheapest insurance for high mileage drivers? It’s just not that easy, however, as there are a lot of unknown aspects like how well you maintain your credit, if you have a clean driving record, and the liability claim history for your vehicle model. Car insurance is kind of a dry topic, but this article will explain the types of situations that result in high rates and will give you a good beginning to your quest for cheaper car insurance in Idaho.

Finding good, low-priced car insurance is not the easiest thing to accomplish, and determining which companies offer the cheapest car insurance rates for high mileage drivers involves even more rate comparisons.

Every car insurance company has their own process to set policy rates, so we’ll take a look at the car insurance companies with the overall best prices in Idaho. It’s a good idea to be aware that Idaho car insurance rates are determined by lots of factors that control the cost of a policy. Improving your credit rating, buying a different vehicle, or getting a speeding ticket can trigger rate changes that may make certain companies way too expensive in comparison to the competition.

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American National quotes some of the lowest car insurance rates in Idaho at around $244 annually. USAA, Farm Bureau of ID Group, Oregon Mutual, and Travelers also rank well as some of the more affordable Idaho auto insurance companies.

As depicted above, if you are a policyholder with Oregon Mutual and switched to American National, you might realize savings of in the vicinity of $434. Insureds with Travelers might save as much as $442 a year, and American Family customers might reduce prices by as much as $455 a year.

These premium estimates are averages for all drivers and vehicles in Idaho and and are not calculated with a rate discount for high mileage drivers. So the insurer that fits you best may not even be included in the list above. That’s why you need to quote rates from many companies using your own driver data and vehicle information.

The make and model of vehicle requiring coverage is probably the largest consideration that determines whether or not you can buy the cheapest car insurance for high mileage drivers in Idaho. Vehicles with limited top-end speed, modern passenger safety features, or a low likelihood of having liability claims will cost much less to insure than adrenaline junky models. The next list ranks coverage premiums for some of the most cost-effective vehicles to insure.

Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Idaho minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Price estimates do not factor in your specific Idaho location which can modify insurance rates substantially.

Based upon these rates, you can presume that vehicles like the Honda Accord, Chevrolet Traverse, Honda CR-V, and Chevrolet Malibu are likely to be a few of the most affordable vehicles to insure for high mileage drivers.

For high mileage drivers, one of the largest factors that is used to calculate a rate quote is where your car is garaged in Idaho. Cities with larger populations like Moscow, Sandpoint, and Twin Falls tend to pay more, whereas areas with less congestion generally have lower rates.

The next table rates the most expensive areas in Idaho for high mileage drivers to buy car insurance in.

Table data uses approximated as the vehicle garaging location can affect premiums significantly.

Liability rates compared to full coverage

Finding the cheapest car insurance for high mileage drivers in Idaho should be important to most drivers, and one way to reduce the cost of insurance is to not pay for full coverage. The chart below shows the difference between insurance prices with full coverage compared to only the Idaho minimum liability coverage. The costs are based on no claims or violations, $100 deductibles, single marital status, and no policy discounts are applied.

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As an average for all age groups, full coverage on your policy costs $1,818 per year more than carrying just liability coverage. That is a significant amount which raises the question if you should buy full coverage at all. There is no set rule to delete physical damage insurance, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

There are some scenarios where dropping full coverage is not recommended. If you still owe a portion of the original loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not remove full coverage.

Discounts on Idaho auto insurance

Insurers that provide the cheapest car insurance for high mileage drivers in Idaho may also provide premium discounts that can reduce rates by as much as 30% if you are eligible. A few popular companies and the discounts they provide are included below.

The information below shows the difference between insurance costs with and without discounts applied to the policy premium. The information is based on a male driver, no claims, a clean driving record, Idaho state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with safe-driver, anti-theft, vehicle safety, marriage, claim-free, and defensive driving course discounts applied. When discounts are applied, the average amount saved each year on car insurance for high mileage drivers is 43% or $861.

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Is Allstate, Progressive, State Farm, or Geico cheaper?

If you’re looking for the cheapest auto insurance for high mileage drivers in Idaho, four good companies to start with are Allstate, Progressive, State Farm, and Geico. When added together, they make up 48.5% of all car insurance policies written. The data below points out some of the different options and features .

Who has the cheapest insurance quotes for high mileage drivers?

Drivers have a lot of ways to get cheap car insurance quotes in Idaho, but the most common are either through an exclusive agency like Allstate or State Farm, an independent or non-exclusive agent, or from a direct company like Geico or Progressive.

They all follow the same basic process, but buyers need to know the differences in how they work.

Independent insurance agencies write for multiple companies and can provide price quotes from every one. Independent agents do not sell for just one brand and can compare multiple rates, which can help you get improved chances of finding a lower rate. If a cheaper price is found, the business is moved internally and you don’t have to switch agencies.

An exlusive, or captive, agency is only able to write with one company like an Auto-Owners or State Farm agent. They are unable to compare rates from other companies, so it’s a good idea to shop around.

Direct car insurance buyers skip a local agent and buy from a direct company like Progressive. This car insurance option may be preferred by people who have limited assets and know more than average about what specific coverages they need.

Which way is best to buy the cheapest car insurance for high mileage drivers in Idaho? Most drivers assume that buying from a direct company saves money since there is no need to pay agent commissions, but that generally is not the case. An argument could also be made that going through an independent agent guarantees the cheapest rates due to increased selection, but that idea is not necessarily true either. In some circumstances, exclusive agencies have really good rates that are the cheapest in Idaho.

Since car insurance prices vary so much, the guaranteed way to ensure you are not overpaying for car insurance is to do a thorough rate comparison. Experts recommend getting prices from all three types in order to find the best price. For a list of companies with cheap rates in Idaho, click here to view.