Why Did My Idaho Car Insurance Rates Increase?

Idaho state flag
Many changes can take place over the course of a year that can impact a motorist’s auto insurance premium. Sometimes these changes can lead to lower rates, while other times Gem State residents end up paying more. Being involved in an accident, filing a claim, or receiving multiple vehicle citations can worsen a resident’s risk factor, which can lead to higher prices, but so can the driving records of others living in the same household. Changing life circumstances—like relocating, growing older, buying a new car or getting married—can lead to alterations as well. And sometimes rates are impacted by information that is independent of a policyholder, like shifts in local accident statistics or increases in repair costs.

Being involved in an automobile accident is a common reason for someone to experience higher Idaho car insurance prices, especially if the driver in question is considered at-fault. Because driving records play a large part in determining risk factors (or the likelihood of filing a claim) multiple accidents or citations typically result in steeper premiums. Additionally, some insurers may deny auto insurance for high risk drivers who have racked up too many accidents or tickets. Residents should note, however, that more than just an accident can affect how much an ID resident pays for automobile coverage.

Sometimes even the presence of another licensed driver in the same household can be influential, especially if that individual is a newly licensed motorist or a teenager. In 2010, teens were 2.5 times more likely to be involved in a fatal or injury-related crash than other age groups, according to the Idaho Transportation Department. Because of these statistics, young and inexperienced motorists typically get higher rates, and their parents or guardians are likely to feel the effects if they are living in the same household, unless they are placed on an exempt driver list and restricted from operating any automobile on the insured’s policy.

Sometimes changes in a resident’s location can also lead to changes in their coverage costs. Cities across the Gem State have different statistics regarding the rate of accidents in a given year, and a particular city’s statistics can impact its residents’ insurance premiums. For example, 2010 data gathered from the Idaho Transportation Department State Crash Database show that the city of Kimberly saw a rate of about 1.9 crashes per 1,000 population members, the lowest in the state. The city of Blackfoot, on the other hand, saw about 23.7 crashes per 1,000 residents, the highest in the state and about 11 times larger than Kimberly’s rate. If a driver moves from an area with relatively few accidents to an area with several thousand, policy prices would likely increase as a result. Sometimes, though, rates may increase regardless of any actions taken by a motorist.
State of Idaho
The price of  also reflects state accident statistics as a whole. If residents in the Gem State are getting into more car crashes, then coverage providers are likely to pay more in claims, and the cost of doing so may be passed on to customers. Between 2009 and 2010, the number of crashes in ID fell by 2 percent, from 22,992 to 22,555, but if this trend reverses, residents may see steeper premium prices. Statewide costs also may be affected by the cost of health care. If injury claims are more expensive to cover, then these costs may also have an impact on how much policyholders pay for coverage, and automobile protection plans may get more expensive as a result.