Why Does My Idaho Auto Insurance Cost More Than I Was Quoted?

Idaho flag with the sky in the backgroundWhen a motorist is quoted one price for an insurance policy but ultimately receives another once the buying process begins, it is called a "misquote." There are a handful of reasons why an Idaho vehicle owner would be misquoted when shopping for coverage, but one of the more common causes is inaccurate information. To receive an estimate, a motorist must relay a number of details ranging from personal characteristics and driving habits to vehicle details and accident history. Each of the facts required by an insurer can affect the policy price, which means even the smallest inaccuracy may lead to a misquote.

One of the best ways to avoid misquotes while shopping for Idaho auto insurance is to prepare personal information ahead of time. Although every insurer's rating formula is unique, many of them still require similar details to produce a quote. These details commonly include:

  • Age
  • Gender
  • Education
  • Garaging address
  • Vehicle make, model, and year
  • Annual mileage
  • Accident record
  • Desired coverage
  • Credit history

Insurers Use Personal Details to Gauge Risk

Auto insurance premiums are largely based on a motorist's risk of filing a claim. Each of the details used to produce a quote coincides with statistical findings focusing on specific demographics' likelihood of getting into accidents.

For example, the Idaho Transportation Department found that in 2010 male drivers were 1.3 times more likely to be involved in accidents than female drivers, and males were 2.5 times as likely to be involved in fatal crashes. If an insurer's claims history shows the same trend, male Idahoans seeking coverage from that insurer are likely to be charged more than women.

Other details, such as a driver's age, can also influence how much he or she pays to buy Idaho car insurance coverage. In the Gem State, motorists under the age of 19 are more likely than older drivers to take unnecessary risks, speed, drive while distracted, and get into accidents. In 2010 state crash data showed that drivers in this age group accounted for 14.8 percent of all drivers involved in automobile accidents even though they accounted for less than 6 percent of the number of licensed motorists in the state.

Know When to Draw the Line with Personal Details

Although it is important for residents to be truthful about the information they relay to insurers to receive accurate quotes, there is some data that's not always necessary.

Motorists can shop for insurance estimates free of charge, meaning there is no reason for a company to require a resident to give any credit card information to see an estimate. Additionally, there is no reason for an insurer to request a motorist's driver's license or social security number during the initial quoting process. If a company requests these personally sensitive details off the bat, residents are strongly encouraged to search elsewhere for policy pricing information.
Idaho written in wooden letters
When it comes time to buy, the insurer may ask for these pieces of information in order to confirm details about your credit history and driving record. If shoppers have provided accurate information to the insurer, this should not affect how much they are quoted for a policy.