Cheapest Car Insurance In Alaska For 2024

State Farm presents competitive rates and dependable service, offering coverage ranging from basic to comprehensive.

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Written by Bob Phillips
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Finding affordable car insurance in Alaska can pose a challenge, but viable options exist.

Given the rising cost of living and the multitude of choices available, it’s crucial to secure car insurance that aligns with your financial constraints and requirements. Drawing from extensive research spanning over a decade on car insurance policies, I’ve condensed our insights to aid you in navigating this intricate market.

Cheapest Car Insurance Companies In Alaska

Our Methodology

In my research, I carefully went through a step-by-step approach to collect and analyze information about various car insurance companies and what they offer. First off, I identified important aspects to consider, such as the types of coverage available, pricing details, how satisfied customers are, and how financially stable the insurers are. Then, I gathered data from reliable sources like insurance company websites, consumer review sites, and industry reports.

After gathering all the data, I organized it and evaluated each insurance company based on specific criteria. This involved comparing different coverage options, prices, discounts, and what customers had to say about them, so I could weigh the strengths and weaknesses of each provider.

88

Quotes Analyzed

15+

Years Of Industry Experience

27

Brands Reviewed

35+

Research Hours

Cheapest Car Insurance In Alaska For Full Coverage

State Farm provides the cheapest rates for comprehensive car insurance in Alaska, beginning at $82 per month on average.

Provider Average Monthly Cost Average Annual Cost

Progressive

$114

$1,366

State Farm

$82

$982

Umialik

$90

$1,078

Allstate

$85

$1,018

GEICO

$96

$1,150

Alaska’s full coverage car insurance gives thorough protection to drivers and their cars. Apart from the mandatory liability coverage, it includes extras such as collision and comprehensive insurance.

Collision coverage handles the repair costs for your car following a collision with another vehicle or object, no matter who’s at fault. Meanwhile, comprehensive coverage deals with damages from incidents like theft, vandalism, fire, or natural calamities.

This type of car insurance gives you peace of mind by ensuring extensive financial coverage in different situations, guaranteeing you’re protected for damages to your car and others involved in an accident. However, it’s essential to carefully go over your policy to grasp coverage limits and deductibles for sufficient protection.

Cheapest Car Insurance In Alaska For Young Drivers

In Alaska, car insurance for young adults is usually cheaper than for teenagers. This is because as people grow older, they generally drive more safely, resulting in fewer accidents and insurance claims. Car Insurance companies take this into account and lower premiums for young adults who have a history of safer driving.

Cheapest Alaska Car Insurance For 16-Year-Olds

GEICO provides the best deals for 16-year-olds, offering affordable rates with an average monthly cost of $346.

Provider Average Monthly Cost Average Annual Cost
USAA $448 $5,374
State Farm $467 $5,602
Allstate $649 $7,786
Geico $346 $4,150
Umialik $438 $5,254

Cheapest Alaska Car Insurance For 17-Year-Olds

USAA offers the best prices for 17-year-olds, with an average cost of $234 for their insurance premiums.

Provider Average Monthly Cost Average Annual Cost
Geico $295 $3,538
Allstate $369 $4,426
USAA $234 $2,806
State Farm $288 $3,454
Umialik $298 $3,574

Cheapest Alaska Car Insurance For 18-Year-Olds

USAA provides the best prices for 18-year-olds, averaging around $200 per month for insurance premiums.

Provider Average Monthly Cost Average Annual Cost
State Farm $256 $3,070
Umialik $266 $3,190
Allstate $350 $4,198
USAA $200 $2,398
Geico $248 $2,974

Cheapest Alaska Car Insurance For 21-Year-Olds

USAA offers the best prices for 21-year-olds, with an average monthly cost of $105.

Provider Average Monthly Cost Average Annual Cost
State Farm $145 $1,734
Geico $110 $1,318
Umialik $212 $2,542
Progressive $190 $2,279
USAA $105 $1,258

Cheapest Car Insurance In Alaska For Minimum Coverage

State Farm is the cheapest choice for basic car insurance in Alaska, offering starting monthly rates around $42 on average.

Provider Average Monthly Cost Average Annual Cost

Umialik

$45

$538

State Farm

$42

$501

Progressive

$85

$1,018

Allstate

$45

$538

GEICO

$43

$514

In Alaska, drivers are required to have a certain level of car insurance to drive legally. This basic coverage usually consists of liability insurance, which has two main parts: bodily injury liability and property damage liability.

Bodily injury liability coverage helps with paying for medical bills, rehab costs, and potential legal fees if you cause an accident that injures someone else. Property damage liability coverage, on the other hand, helps cover repair or replacement costs for another person’s vehicle or property if you’re at fault.

These minimum coverage rules in Alaska are determined by state law and can vary depending on factors like the type of vehicle you have and your driving record. It’s important to carefully check these rules and make sure you have enough coverage to meet legal requirements and safeguard yourself financially in case of an accident.

 

Cheapest Car Insurance In Alaska For Drivers With Poor Credit

Allstate offers the cheapest rates for Alaskan drivers with bad credit, with typical monthly payments beginning at $105.

Provider Average Monthly Cost Average Annual Cost

Progressive

$162

$1,942

Umialik

$142

$1,702

Allstate

$105

$1,258

State Farm

$173

$2,074

GEICO

$172

$2,062

Car insurance prices are largely determined by your credit score, which helps insurers gauge risk. If your credit score is low, it suggests a greater chance of making claims, so insurers view you as high-risk.

In Alaska, drivers with bad credit might face higher insurance costs than those with good credit. Insurers often consider credit history when deciding rates because studies show a link between credit score and the likelihood of making claims.

People with poor credit might struggle to find cheap insurance, but they can still hunt for discounts and compare quotes from different insurers to find the best deals.

Cheapest Car Insurance In Alaska For Seniors

GEICO provides low-cost insurance options tailored for senior citizens living in Alaska, beginning at an average of $75 per month.

Provider Average Monthly Cost Average Annual Cost

Progressive

$122

$1,462

GEICO

$75

$898

State Farm

$79

$946

Allstate

$100

$1,198

Umialik

$87

$1,042

Older individuals may qualify for reduced car insurance premiums for various reasons. Insurance providers often see seniors as seasoned and careful drivers who are more likely to follow safe driving practices. Moreover, many seniors drive less annually, lowering their chances of getting into accidents and filing claims.

To appeal more to senior drivers, certain insurance companies offer tailor-made discounts for this age bracket. These discounts consider factors like the driver’s age, how often they drive, and whether they’ve completed senior driver safety programs.

Many insurers incentivize seniors to take defensive driving classes by offering discounts after course completion. These classes aim to update driving skills and knowledge, encouraging safer driving behaviors among older adults.

Cheapest Car Insurance In Alaska For Drivers With Prior Incidents

In Alaska, people who’ve had accidents, speeding tickets, or DUIs often struggle to find cheap car insurance. These incidents make insurance companies see them as risky drivers, which means they’re more likely to make claims in the future. So, insurers usually jack up their rates to cover the potential costs.

This is especially true in Alaska because there are more traffic accidents there. Insurance companies base their pricing on statistics, which show a link between past driving mishaps and the likelihood of future claims.

Cheapest Car Insurance In Alaska After A Speeding Ticket

State Farm provides car insurance at an average cost of $120, making it the best choice for drivers who have gotten a speeding ticket and want an affordable option.

Provider Average Monthly Cost Average Annual Cost
GEICO $123 $1,472
Allstate $175 $2,099
State Farm $120 $1,438
Progressive $218 $2,620
Umialik $136 $1,630

Cheapest Car Insurance In Alaska After An At-Fault Accident

State Farm provides insurance at an average cost of $130, which is the most affordable choice for drivers who have been in an accident where they were at fault.

Provider Average Monthly Cost Average Annual Cost
Umialik $140 $1,678
Progressive $240 $2,878
Allstate $242 $2,902
State Farm $130 $1,558
GEICO $180 $2,158

Cheapest Car Insurance In Alaska For Drivers After A DUI

Umialik offers car insurance at an average cost of $130, which is the cheapest choice for drivers who have a DUI on their driving history.

Provider Average Monthly Cost Average Annual Cost
Allstate $227 $2,722
GEICO $212 $2,542
Progressive $200 $2,398
Umialik $130 $1,558
USAA $160 $1,918

Cheapest Car Insurance In Alaska For Good Drivers

Car insurance costs in Alaska for safe drivers can vary based on things like your driving past, age, and the coverage you want. Typically, if you’re a safe driver with no accidents, you might get lower prices because you’re less risky for insurance companies.

Plus, you might even get extra discounts for always having a good driving history. It’s a good idea for safe drivers to check out prices from different insurance companies to find the best deals and coverage that fits what they need.

Provider Average Monthly Cost Average Annual Cost

Umialik

$45

$538

State Farm

$42

$501

Progressive

$85

$1,018

Allstate

$45

$538

GEICO

$43

$514

 

Average Cost Of Auto Insurance In Alaska – By Age

Age Average Monthly Cost Average Annual Cost
16 $538 $6,454
17 $392 $4,702
18 $335 $4,018
19 $254 $3,046
21 $189 $2,266
25 $165 $1,978
35 $142 $1,702
45 $138 $1,654
55 $125 $1,498
65 $118 $1,414
75 $136 $1,630

Average Cost Of Car Insurance In Alaska – By Gender & Marital Status

Gender Marital Status Average Annual Cost
Female Single $1,592
Male Single $1,680
Female Married $1,710
Male Married $1,798

Average Cost Of Auto Insurance In Alaska – By Credit Tier

Credit Tier Average Monthly Cost Average Annual Cost
Excellent $140 $1,678
Good $145 $1,738
Poor $190 $2,278

Cheapest Car Insurance In Alaska By City

City Average Monthly Cost Average Annual Cost
Valdez $116 $1,390
Nome $117 $1,402
Homer $118 $1,414
Cordova $125 $1,498
College $126 $1,510

Minimum Car Insurance Requirement In Alaska

In Alaska, the basic car insurance requirements involve having liability coverage for injuries and property damage. Typically, this is shown as three numbers like 50/100/25. These numbers signify coverage of $50,000 for bodily injury per person, $100,000 for bodily injury per accident, and $25,000 for property damage per accident.

Additionally, Alaska requires Personal Injury Protection (PIP) coverage, which is part of its no-fault insurance system. PIP helps cover medical bills and lost wages for you and your passengers, regardless of who is at fault in an accident. This is crucial for financial protection against accident-related injuries.

Alternatively, drivers can choose the “Health Insurance Primary” (HIP) option. This lets their health insurance be the main coverage for accident-related medical costs instead of PIP. However, not all health insurance plans are eligible for HIP, so it’s essential to check with your health insurance provider to confirm eligibility.

Car Insurance Discounts In Alaska

When shopping for car insurance, it’s smart to look for companies that offer discounts tailored to your specific situation. Also, talking to your insurance agent can uncover discounts you might not be taking advantage of.

Top car insurance companies commonly offer these types of discounts:

  • Safe Driver Discount: This is for policyholders with a clean driving history, meaning no accidents or traffic violations.
  • Multi-Vehicle Discount: Insurers often give discounts to those who insure more than one vehicle under the same policy, saving money compared to insuring each vehicle separately.
  • Bundling Discount: Many companies offer discounts to customers who bundle their car insurance with other policies, like home or renters insurance.
  • Good Student Discount: Students who maintain good grades may qualify for discounts on their car insurance.
  • Defensive Driving Course Discount: Completing a defensive driving course can make drivers eligible for discounts on their premiums. These courses teach skills to help drivers avoid accidents and reduce risk on the road.
 

FAQs

How much is car insurance a month in Alaska?

The monthly cost of car insurance in Alaska can fluctuate depending on variables such as age, driving record, and the specific coverage choices made by the policyholder.

What is the minimum car insurance one must have in Alaska?

Alaska mandates that all car insurance policies include liability coverage for bodily injury and property damage, as well as mandatory Personal Injury Protection (PIP) coverage.

Which insurance is better in Alaska?

The top insurance company in Alaska can differ based on personal preferences, driving behavior, and insurance requirements. It’s advisable to obtain quotes from several insurers to determine the most suitable choice for your specific circumstances.

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