Finding cheap auto insurance can be tough when you have bad credit. Auto insurers use credit as a primary rating factor, setting premiums based partially on drivers’ credit scores. Because auto insurance companies use data that show drivers with poor credit are more likely to file auto insurance claims, they account for for that added risk by charging more.
Your car insurance costs with bad credit depends on where you live, which insurance company you use, and a variety of other factors. We've gathered below average insurance rates for drivers with bad credit in major Idaho cities, along with rates from popular insurance companies, , along with tips on how to save on car insurance if you have bad credit in Idaho.
Drivers in Idaho pay an average penalty of $864 per year for having a credit score in the “worst” tier. A driver in the "poor" or "below fair to poor" credit tiers will also pay more than average for a car insurance policy.
|Credit Tier||Average Annual Rate in Idaho|
|Below Fair to Poor||$1,546|
|Average — All Credit Tiers||$1,018|
Your car insurance rates will also vary depending on the geographic area in which you drive. Car insurance companies rely on your address to better understand how likely you are to file an insurance claim: the more claim-prone your area,, the more expensive your rates.
Listed below are major Idaho cities and their average auto insurance costs for drivers with poor credit ratings.
|City||Average Annual Rate — Worst Credit||Average Annual Rate — Poor Credit||Average Annual Rate — Below Fair to Poor Credit|
Another factor contributing to car insurance rates is the auto insurance company you choose. Each and every car insurance company prices its policies in a unique manner, giving rating factors varying weights in their pricing calculations. Credit is often a major differentiator in price from one insurance company to the next. In Idaho, the most affordable insurance company for drivers with bad credit is GEICO, which offers a premium cut of $266 per annum in comparison to the second-cheapest company, USAA.
See below prices from leading auto insurance companies in Idaho for drivers with bad credit.
|Company||Average Annual Rate — Worst Credit|
|Farm Bureau Mutual of Indiana||$1,500|
If you’re facing the prospect of getting auto insurance with a bad credit history, keep these tips in mind: