Compare the Cheapest Car Insurance Quotes in Meridian

Meridian's average car insurance rate is $737 per year, cheaper than the national and state averages. The cheapest widely available insurer is State Farm, whose plans cost an average of $542 per year. MoneyGeek analyzed the most affordable insurers in Meridian, based on driving record and coverage limit. We also identified the best car insurance in Meridian, for drivers who want to balance quality and cost.

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Last Updated: 5/16/2022
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The cheapest car insurance in Meridian is offered by State Farm, but the most affordable option for you may differ based on your profile.

State Farm also offers affordable rates for drivers with violations on their records. USAA may provide the cheapest option for those with a military background.

MoneyGeek also evaluated the best car insurance in Meridian for balancing quality and cost and found that Hartford and GEICO offer the best options.

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The Cheapest and Best Car Insurance in Meridian

The Cheapest Car Insurance Companies in Meridian

These car insurance companies in Meridian offer the best rates for affordable full coverage:

  • State Farm: $542 per year
  • GEICO: $563 per year

Drivers with military affiliation can buy policies from USAA at Meridian’s cheapest rate of $373 per year.

State Farm’s policies are approximately 64% cheaper than Progressive’s, the most expensive in the city. A full-coverage policy includes comprehensive and collision insurance, though your prices may change depending on how much liability insurance you select.

Cheapest Car Insurance in Meridian
Full Coverage 100/300/100
  • Company
    100/300/100per year
  • 1.
    USAA
    $373
  • 2.
    State Farm
    $542
  • 3.
    GEICO
    $563
  • 4.
    Farmers
    $627
  • 5.
    American Family
    $749
  • 6.
    Travelers
    $765
  • 7.
    Allstate
    $809
  • 8.
    MetLife
    $838
  • 9.
    Allied
    $856
  • 10.
    Progressive
    $889

MoneyGeek’s methodology involved analyzing the average rates for a 40-year-old male driver in Meridian with a full coverage policy.

Purchasing a full coverage auto insurance policy provides you with more financial protection. It may cost more than the state-minimum policy, but includes the following coverage types:

  • Collision insurance protects you against vehicle damages resulting from a collision, either with another vehicle or a stationary object.
  • Comprehensive insurance protects you against other damages that are not a result of a collision, such as theft, hail, natural disasters, etc.

If you have an older car, a full coverage policy may cost you more than your vehicle is worth. In that case, it’s better to opt for liability-only insurance or a minimum coverage policy as you’ll get cheaper rates.

Compare Car Insurance Rates in Meridian

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Insurance Rates

Cheapest Car Insurance in Meridian for Minimum Coverage

The cheapest car insurance companies in Meridian for state minimum policies are:

  • State Farm: $279 per year
  • GEICO: $286 per year

If you have a military background, the cheapest option for you may be USAA, with an annual rate of $190 for those who qualify.

MetLife has the most expensive minimum car insurance in Meridian, at $524 per year.

A minimum coverage policy is often your most affordable option. However, since the coverage does not include comprehensive and collision insurance and has low levels of liability coverage, you may have higher out-of-pocket costs in case of damages.

Look at the table below to compare coverage levels and costs for higher liability levels.

Cheapest Minimum Liability Car Insurance in Meridian
State Minimum

Idaho’s minimum car insurance is the cheapest option for Meridian. Still, it may not offer the best protection for you.

In Idaho, drivers are required to have insurance that covers bodily injuries and property damage coverages at 25/50/15. While a state minimum policy is the cheapest company option, it also offers the least protection. It can help you save on monthly bills short term, but it may cause you to pay out-of-pocket if you’ve been in an accident.

For example, let’s say you’re involved in an incident and responsible for paying property damage that amounts to $20,000. Since a minimum policy in Meridian only has $15,000 worth of property damage coverage, you’d have to pay the remaining $5,000 out of your pocket.

Idaho Minimum Liability Requirements

  • Item
    Description
  • Bodily Injury and Property Damage
    $25,000 per person, $50,000 per accident and $15,000 for property damage. A more protective level is 100/300/100.

Cheapest Car Insurance in Meridian if You Have Driving Violations

Your driving record is a key factor affecting your car insurance premiums. Having violations like speeding tickets, at-fault accidents or DUIs on your driving record can cause your rates to increase.

The following companies offer the cheapest rates for particular violations in Meridian:

  • Cheapest after a ticket: State Farm, $593 per year
  • Cheapest after an at-fault accident: State Farm, $645 per year
  • Cheapest after a DUI: State Farm, $593 per year

For drivers with a military background and speeding tickets or at-fault accidents on their records, USAA offers the cheapest policy in the city.

If you have a bad driving record, you can get more affordable rates by improving your record over time. In the meantime, shopping around for cheaper options by comparing quotes can help you find a cheaper option in Meridian.

Cheapest Car Insurance in Meridian With a Violation
Speeding Ticket

Average Cost of Car Insurance in Meridian

Meridian$737
Idaho$745
U.S.$1,424

The average cost of car insurance in Meridian is $737 per year, which is cheaper than the state and national averages. Meridian drivers pay approximately 48% less than the national average and 1.1% less than Idaho’s state average.

Personalized Quotes to Get You the Cheapest Car Insurance in Meridian

Car insurance quotes in Meridian are calculated based on several factors. Your age and gender, the make and model of your vehicle, your coverage level and ZIP code are all factors affecting your ratest. Comparing quotes from several insurers lets you see which provider has the most affordable policy for you.

Compare Car Insurance Rates in Meridian

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Insurance Rates

The Best Car Insurance Companies in Meridian

The best car insurance companies in Meridian are the ones that balance affordability and quality service. Moneygeek found that the following companies scored the highest based on the said criteria:

  • Hartford: MoneyGeek score of 93 out of 100
  • GEICO: MoneyGeek score of 85 out of 100

USAA received the highest score in Boise according to MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.

The final scores are based on MoneyGeek’s scoring system, which includes J.D. Power user satisfaction, affordability and financial stability ratings, among other criteria.


1
USAA
Score:100

5/5

Affordability

5/5

Claims Ratings

5/5

User Satisfaction

A++

Financial Stability

2
Hartford
Score:92.5

4/5

Affordability

5/5

Claims Ratings

4/5

User Satisfaction

A+

Financial Stability

3
GEICO
Score:85

4/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A++

Financial Stability

4
Allstate
Score:82.5

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

5
American Family
Score:80

3/5

Affordability

2/5

Claims Ratings

4/5

User Satisfaction

A

Financial Stability

6
State Farm
Score:80

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

7
Farmers
Score:80

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

8
Progressive
Score:80

3/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

9
Safeco
Score:77.5

2/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

10
Liberty Mutual
Score:77.5

3/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

11
Nationwide
Score:75

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

Average Cost of Car Insurance by Postal Code

Where you live is one of the factors that can significantly affect auto insurance quotes. Insurers use your ZIP code to determine several risk factors.

For example, if there are a high number of accidents in your area, this may cause your premium to increase. Frequent occurrences of automobile theft or vandalism have the same effect.

Our data shows that in the 83646 ZIP code, residents pay $732 per year on average, $11 less per year on average for a car insurance policy than the residents of the 83642 ZIP code.

  • Zip Code
    State Minimumper year
  • 83646
    $732
  • 83642
    $743

Factors That Impact Insurance Costs in Meridian

In addition to individual driver needs and history, location-specific factors like the rate of car thefts and the percentage of uninsured motorists also contribute to car insurance rates in Meridian. How Meridian ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities142nd/300
handcuffs2 icon
Most Car Thefts28th/300
uninsured icon
Most Uninsured Motorists by State40th/50
insurance2 icon
Personal Injury Protection RequiredNo
rain icon
Most Annual Rainfall278th/300
umbrella icon
Most Rainy Days169th/300

Methodology and Assumptions

MoneyGeek’s average premium rates for Meridian are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.