Alaska Car Insurance Rates
Projected insurance prices in Alaska for 2019 are $1,078 every 12 months including full coverage. Comprehensive, collision insurance, and liability cost an estimated $240, $438, and $278, respectively. Anchorage, Meadow Lakes, and Palmer average the highest rates, and the two companies who insure the most vehicles in Alaska are State Farm and Geico.
Average rate for full coverage: $1,078
Policy rates broken down by individual coverage type:
40-year-old driver, full coverage with $500 deductibles, and good driving record
Cost of Car Insurance in Alaska
For a middle-aged driver, Alaska insurance rates range from the cheapest price of $330 for just liability coverage to a high of $2,328 for a high risk driver.
These price differences highlight why it is important to compare rates quotes for a targeted area and their own driving history, instead of depending on rates averaged for all U.S. states.
Use the form below to get accurate rates for your location.
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Recommended Companies for Cheap Alaska Insurance
The chart above shows average Alaska auto insurance rates for various coverage choices and risks. The cheapest discount rate is $620. Drivers choosing higher $1,000 deductibles will pay $924. The average rate for a driver around age 40 using $500 deductibles is $1,078. Choosing low $100 deductibles for collision and other-than-collision coverage will cost more, up to $1,376. If you have multiple accidents and violations you could be charged around $2,328. The cost for full coverage insurance for a teenage driver can climb as high as $3,966.
Insurance rates in Alaska also range considerably based on liability limits and deductibles, your driving characteristics, and your choice of vehicle.
Older drivers with a clean driving record and higher deductibles may pay as low as $1,000 every 12 months on average, or $83 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers can expect to pay at least $3,900 a year. View Rates by Age
The city you live in also has a big influence on auto insurance prices. Areas with less crime and congestion might see rates around $800 a year, while some neighborhoods in Anchorage and Meadow Lakes may have prices as high as $1,500. Even areas close to each other in the same city can have large rate differences.
These wide price ranges illustrate the significance of getting rates for your specific Alaska zip code.
Your choice of car insurance company influences the cost of coverage. Each company has their own rate formula, and prices can change depending on individual risk factors.
In Alaska, auto insurance prices range from $883 with Umialik to as much as $2,476 with Safeco. Other companies like USAA, State Farm, and Progressive are neither the lowest or highest. That is probably not the prices you would pay, as where you live in Alaska, the vehicle you are insuring, and any driving violations have to be considered.
|Rank||Company||Market Share||Average Rate|
|Get Your Rates Quote Now|
Source: National Association of Insurance Commissioners (NAIC) 2015 Market Share Report and The Zebra
Opting for high physical damage deductibles can reduce rates by up to $460 annually, while buying higher liability limits will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $250 more per year. View Rates by Deductible or Liability Limit
If you have a few points on your driving record or you were responsible for an accident, you are likely paying $1,300 to $1,700 extra every year, depending on your age. A high-risk auto insurance policy is expensive and can cost from 43% to 135% more than the average rate. View High Risk Driver Rates
The type of car, truck, or SUV you buy is a primary factor in determining the cost of auto insurance coverage in Alaska. Buying a lower-cost and safer model will have a lower insurance cost due to cheaper repair costs and lower severity of accident injuries.
The following table shows car insurance premium estimates for the top vehicles that are insured in Alaska.
|Make and Model||Premium||% to Avg|
|Get Rates for Your Vehicle Quote Now|
Annual estimated premium for full coverage, $500 deductibles, driver age 40 with clean driving record.
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Because rates have so much variability, the best way to figure out who has the best auto insurance rates is to get quotes from multiple companies. Every auto insurance company utilizes a different rate formula, so the rates will be varied.
Alaska Auto Insurance Articles
- Best Cheap Car Insurance in Alaska
- How Much are Auto Insurance Quotes for Good Drivers in Alaska?
- How Much Does Auto Insurance Cost for Drivers with a DUI in Alaska?
- Best Cheap Car Insurance Quotes for Drivers with Accidents in Alaska
- How Much Does Insurance Cost for a Toyota Tundra in Alaska?
- Who Has Cheap Insurance for a Ford Explorer in Alaska?
- How Much is Car Insurance for 16 Year Olds in Alaska?
- Who Has the Cheapest Insurance Quotes for a Toyota Corolla in Alaska?
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Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$81|
|5-yr Claim Free||$69|
|Paid in Full/EFT||$51|
Discounts are estimated and may not be available from every company or in every state.