What year is a car considered a classic in Idaho?

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

Classic Car Insurance Costs by Company

• Grundy: 50%+ less than standard car insurance
• Hagerty: up to 36% less than standard car insurance
• American Collectors: up to 40% less than standard car insurance
• Nationwide: up to 43% less than standard car insurance
• Heacock Classic: up to 40% less than standard car insurance

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 costs $31 per month or $374 per year for minimum coverage, on average. The cheapest car insurance companies in Idaho are American National, Auto-Owners, and State Farm, and getting quotes from several companies can help you find the best deal.

The average cost of car insurance in Idaho is 44% lower than the ... read full answernational average auto insurance premium. There are several factors that affect how much you’ll pay for car insurance in Idaho, including your driving record, age and location, the amount of coverage you purchase, and the insurance company you buy it from.

Average Cost of Car Insurance in Idaho by Category

• After an at-fault accident: $119 per month
• Driver with poor credit: $50 per month
• Teen driver: $173 per month
• After a DUI: $50 per month

Average Cost of Car Insurance in Idaho by Company

Note: Rates are an approximation based on a 45-year-old man in Idaho with a clean driving record. Actual rates will vary.

Average Cost of Car Insurance in Idaho by Age

Note: Rates are an approximation based on a driver in Idaho with minimum coverage and a clean driving record. Actual rates will vary.

How to Lower the Cost of Car Insurance in Idaho

1. Shop around and compare quotes. We recommend comparing quotes from at least three different insurance companies to make sure you are getting the best rate.
2. Choose a higher deductible. Your deductible is the amount you have to pay out of pocket before your insurance kicks in. Choosing a higher deductible can lower your premiums but means you will have to pay more out-of-pocket when you file a claim.
3. Consider lowering your coverage. Consider purchasing only the minimum amount of coverage required by your state, rather than purchasing higher limits or a full coverage policy.
4. Look for discounts you may be eligible for. For instance, most insurance companies offer a good-driver discount for customers with a clean driving record, a good-student discount, or a discount for paying your premiums in full up front.

To learn more, check out our guide to how much car insurance you need in Idaho as well as our picks for the cheapest car insurance companies in Idaho.

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
• Property damage liability: $15,000