A car is considered a classic in Idaho if it's at least 30 years old, does not qualify as an "Idaho Old Timer," and has been unaltered from the original manufacturer's specifications. When a vehicle in Idaho meets these requirements, the owner can register it as a classic vehicle, which will limit the car’s use. Specifically, classic cars in Idaho can only be used for purposes unrelated to commercial or everyday transportation.
Classic Car Qualifications in Idaho
At least 30 years old
Not an "Idaho Old Timer" (manufactured prior to 1943)
Unaltered from the original manufacturers specifications
Not for commercial or regular transportation
Keep in mind that even if your vehicle is registered as a classic car in Idaho, it might not qualify for classic car insurance from certain companies. Each classic car insurer has its own eligibility requirements, so your car will need to meet those standards in order to qualify.
Classic car insurance costs less than regular car insurance because a classic spends less time on the road than a vehicle used for commuting or errands. The average classic car insurance policy costs between $400 and $1,000 per year.
Like with any auto insurance policy, each driver’s classic car insurance premium will vary based on individual risk factors such as location, driving history, the driver’s age, and the vehicle’s value. Classic car insurance usually applies to antique vehicles as well as to old, high-performance cars. Requirements and prices vary by company, though.… read full answer
Why Classic Car Insurance Costs Less Than Normal Car Insurance
Almost every classic car insurance provider forbids regular use of the vehicle, which reduces the risk for the insurer and keeps costs low. Classic cars are generally limited to parades, car shows, and pleasure driving up to a mileage limit stated in the policy. As a result, you may need to provide proof that you own a regular car for daily use when purchasing classic car insurance.
Another key difference is that most classic car insurers pay the vehicle’s “agreed value” if it is totaled. This amount is decided when the policy is purchased and reflects the fact that classic cars maintain their worth over time. On the other hand, standard car insurance policies usually pay a vehicle’s actual cash value in the event of a total loss, accounting for depreciation.
How to Lower the Cost of Classic Car Insurance
You can lower the cost of a classic car insurance policy by comparison-shopping for quotes and taking advantage of discounts. Many discounts will be the same as those for regular car insurance, such as discounts for having an anti-theft device or taking a defensive driving course. Some companies also offer discounts for membership in certain car clubs or for switching from a different insurer.
Car insurance in Idaho is $31 per month for minimum coverage and $105 per month for full coverage, on average. The cheapest insurance companies in Idaho are State Farm, Auto-Owners and Geico, and getting quotes from several companies can help you find the best deal.
Average Cost of Car Insurance in Idaho by Category
The average cost of car insurance in Idaho is 48% lower than the national average auto insurance premium, and Idaho ranks 5 out of 50 for the most affordable car insurance rates in the U.S.. There are several factors that affect how much you’ll pay for car insurance in Idaho, including your driving record, age, location, the amount of coverage that you purchase, and the insurance company you buy it from.
Finally, it’s worth noting that car insurance premiums in Idaho are low, compared to the cost of coverage in neighboring states like Washington and Oregon. You can find more details in the table below.
Cost of Car Insurance in Idaho vs. Neighboring States
Idaho car insurance laws require $25,000 of bodily injury liability coverage per person, up to $50,000 per accident, as well as $15,000 of property damage liability coverage.
Bodily injury liability insurance pays for any injuries that you accidentally cause with your car, while property damage liability coverage helps pay for any material assets that you damage while driving, like another person’s car or mailbox. Your insurance company pays up to the limit specified by your policy for each type of car insurance coverage.… read full answer
You can face multiple penalties if you’re caught driving without at least the minimum car insurance required in Idaho, including fines, community service, and license suspension. Another important Idaho car insurance law to note is the grace period for new residents. You have 90 days to register your car when you move to Idaho. You’ll need to bring proof of Idaho car insurance when you go to register, with coverage in each of the categories listed below.
Minimum Coverage Required by Idaho Car Insurance Laws
Bodily injury liability: $25,000 per person / $50,000 per accident
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