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If you cause a car accident, you want to make sure you have the right insurance to cover damage and injury. There are over 1.2 million drivers in Idaho, and not all of them have auto insurance, with there may be no way to reimburse you if they cause an accident. Here’s what you need to know to put together good auto insurance.
Largest auto insurance companies in Idaho
Idaho auto insurance is dominated by a handful of companies. The five largest insurers have more than half of the business for private travelers car insurance in the state.
Required auto insurance in Idaho
Required auto insurance in Idaho focuses on liability insurance, which will pay for injuries and damage you cause to others, but only up to your policy limits. If you buy only the state minimum liability car insurance, you may be sued by others for property damage and medical expenses that exceed your insurance limits.
Idaho car owners must purchase liability coverage that includes at least:
- $ 25,000 for bodily harm to one person
- $ 50,000 for bodily harm to multiple people in a single accident
- $ 15,000 for property damage in one accident
You may see this written as 25/50/15.
You won’t get very far with these amounts. Consider this: If you cause a car accident worth more than $ 15,000 in total, you can get the rest. It’s a good idea to get more liability insurance than the state minimum.
Medical Payment Coverage
Medical Payments (MedPay) insurance will pay you and your passengers for medical and funeral expenses, regardless of who caused the car accident. It also covers you and your family members if you are hit by a car as a pedestrian or while driving in another car.
Coverage for uninsured / underinsured drivers
Idaho law requires auto insurance companies to provide you with uninsured (UM) and underinsured motorist (UIM) coverage. This will pay for your car repairs and medical bills if you have an accident with a driver who has no or insufficient insurance. You can deny this coverage in writing, but in general uninsured motorist and underinsured motorist are good types of coverage to have.
What else do I need?
There are many scenarios where you want to have extra coverage. Wildfires and floods are two of the most common natural disasters in Idaho. If your car was destroyed by fire or flood, comprehensive coverage will cover the damage.
Collision and extensive coverage cover many other situations, such as car theft, vandalism, car accidents, hail, falling objects (such as tree branches) and collisions with animals.
Put everything together
Can I show my insurance ID card from my phone?
In Idaho, you can use your phone to show your auto insurance ID card. Many auto insurance companies have free mobile apps that give you access to your insurance ID card.
Average auto insurance premiums in Idaho
Drivers in Idaho pay, on average, about $ 600 per year for auto insurance. Here are average premiums for common types of coverage.
Allowed Factors in Idaho auto insurance rates
Auto insurance companies usually look at your driving habits, previous claims, vehicle model, and other information when determining your rate. In Idaho, companies can also use these factors.
How Many Uninsured Drivers Are There In Idaho?
According to the Insurance Research Council, about 8% of drivers in Idaho do not have auto insurance. If a driver collides with you without car insurance, you can sue to get a payout. Or you can use your uninsured motorist injury coverage and / or your crash insurance to get your car repaired.
Penalties for driving without car insurance
If caught in Idaho without insurance, you could be fined $ 75. If caught a second (or subsequent) time within five years, you could be fined up to $ 1,000 and jailed for up to six months.
When can a vehicle be counted?
If your car is badly damaged by an accident, such as a car accident or a flood, this can be considered a total loss. In short, if the cost of parts and labor minus the residual value of your car exceeds the “economic value” of your car, the insurance company can declare it a total loss.
Solve insurance problems
The Idaho Department of Insurance oversees auto insurance companies and is in responsible for handling complaints. If you have an unresolved problem with an insurance company, please contact the department.