The best cheap car insurance in Alaska

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Car insurance is affordable in Alaska if you know where to look. Alaskans generally pay $930 a year for car insurance, about $76 less per year for auto insurance than the national average according to the Insurance Information Institute.

Car insurance companies consider your location, age, gender, and driving record to calculate rates for premiums. Other factors like credit score, marital status, vehicle type, previous coverage, and miles driven can all play a role in the amount you’ll pay for coverage.

While sometimes insurance is based on things you can’t control, you do have the power to shop around and make sure you’re getting the best price for you.

Minimum car liability insurance requirements in Alaska

Liability coverage is required by law. If you’re involved in an accident, liability insurance covers damage you cause to the other vehicle, driver, and its passengers. If you finance or lease your car, your lender probably requires comprehensive and collision coverage.

The two main components of liability insurance are bodily injury and property damage, which most states require. Liability insurance also includes uninsured motorist and underinsured motorist coverage, to protect you when an at-fault driver hits you and they have no coverage, or not enough coverage.

Alaska requires bodily and property coverage, according to the Insurance Information Institute. Alaska’s minimum liability requirements are 50/100/25, which means up to $50,000 of injury protection for each person involved in an accident, up to $100,000 worth of injuries per incident, and up to $25,000 of property damages per incident.

Types of liability coverageDefinitionBodily injury (BI)Injury you cause to others, includes medical expenses, lost wages, and funeral expensesProperty damage (PD)Damage you cause to others’ vehicle or propertyUninsured motorist (UM)Protects you when an at-fault driver hits you with no insuranceUnderinsured motorist (UIM)Protects you when an at-fault driver hits you with not enough coverage

Best cheap car insurance in Alaska based on credit score

Consumer Reports compiled the scoring algorithms used by insurance companies in every state, and looked at the average each company would charge a single adult driver. Here are the costs they found for each credit level.

Credit levelUSAAState FarmProgressiveGEICOExcellent: FICO 800+$920$1,008$1,415N/AGood: FICO 670-739$985$1,212N/A$1,730Poor: FICO 300-579$1,549$1,978$2,150$1,885

Best car insurance for Alaska drivers with a clean record

For a driver in Alaska age 25 or older with no accidents and one vehicle, the following companies provide the best average rates:

CompanyAverage monthly insurance premium State Farm$132GEICO$134Progressive$146USAA*$156Safeco$180Allstate$184

*USAA is only for active military, veterans, and their families.

Above data obtained from Savvy, based on 274 policyholders in the state of Alaska

Best car insurance for Alaska drivers with one or more accidents

For a driver in Alaska age 25 or older, with one or more accidents and one vehicle, the following companies provide the best average rates:

CompanyAverage monthly insurance premium GEICO$154Allstate$193Progressive$194

Above data obtained from Savvy, based on 274 policyholders in the state of Alaska

Alaska car insurance rates by city

Below is the estimated average annual premium of auto insurance policies per household in Alaska’s most populous cities:

CityAverage annual insurance premium Anchorage$1,458Juneau$1,459Fairbanks$1,313Badger$1,464Knik-Fairview$1,432College$1,428Lakes$1,432Tanaina$1,441Wasilla$1,290Meadow Lakes$1,325Kalifornsky$1,409Sitka$1,326Ketchikan$1,288Palmer$1,381Kenai$1,329Gateway$1,460Steele Creek$1,459Bethel$1,414Sterling$1,400Chena Ridge$1,472Kodiak$1,402Fishhook$1,491Homer$1,299Farmers Loop$1,468Nikiski$1,357Barrow$1,363Unalaska$1,464

Data from S&P Global Market Intelligence

Best car insurance in Alaska based on customer satisfaction

Customer satisfaction with car insurance providers may factor into your decision. According to J.D. Power, a consumer research company that surveys customers, these are the top car insurance companies in the Northwest region (which includes Alaska):

GEICOPEMCORegion AverageProgressiveThe HartfordLiberty MutualSafecoState FarmAllstateFarmers InsuranceTravelersAmerican Family

Most popular car insurance companies in Alaska based on market share

The following are the most popular car insurance companies in Alaska, based on the percentage of insured Alaska drivers who use them:

CompanyMarket share (%)State Farm29.05GEICO18.41USAA*17.97Allstate12.06Progressive10.44Liberty Mutual3.66COUNTRY Financial3.21The Hartford1.84Tiptree Inc.1.00Western National Insurance0.99Horace Mann0.85Farmers Insurance0.11Markel0.09Amica0.07American Family Insurance0.07MetLife0.06Tokio Marine0.04National General Holdings0.04Assurant0.02Nationwide0.01

*USAA is only for active military, veterans, and their families.

Data from S&P Global Market Intelligence

Who gets the cheapest car insurance in Alaska?

Generally, drivers who see the cheapest car insurance premiums are those with the best credit histories, driving records, and who live in less-trafficked areas.

Car insurance premiums are calculated based on several factors, including factors like your age, gender, marital status, and even the car you drive. Every car insurance company looks at these factors and prices your premium differently.

But the driver who will get the cheapest car insurance in Alaska will also be the one who shops around. By getting quotes from several different companies, you can make sure you’re getting the best policy for your budget. Look for the most coverage for your money, and don’t just compare the premiums – look at the coverage types, coverage limits, and even the deductible you’ll have to pay if you’re in an accident.

Car insurance policies for Alaskan drivers aren’t incredibly expensive, but you could still save by shopping around and comparing quotes.

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