You may be interested in knowing the cost of coverage if you’re looking for auto Insurance in Alaska. Alaska auto insurance rates average around $1,559/year for full coverage, and $373/year for minimum coverage.
Bankrate’s editorial staff has calculated the average cost for car insurance in Alaska using current premium information from Quadrant Info Services. It is organized by company and city. You will have a different premium depending on your rating factors. However, these average premiums can help you make informed decisions about auto insurance coverage.
What is the cost of Alaskan car insurance?
Your location and driving record are just a few of the factors that could impact your car insurance rates. Your credit score, how frequently you drive and the type of coverage you select can all impact your premium.
The annual average cost of car insurance is $373 for minimal coverage and $1,599 to full coverage. Alaskans spend less annually on auto insurance than the average American. The average auto insurance premium in the United States for minimum coverage is $565 and full coverage is $1,674.
Alaska car insurance rates by company
Each auto insurance company offers different rates. This means that prices for the same coverage may vary between companies. It may prove helpful to compare quotes from different companies when you’re researching Alaska car insurance rates. Below is a table that shows how premiums may vary among companies for the same level of coverage.
| Car insurance company | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|
| Allstate | $598 | $3,526 |
| Geico | $282 | $1,284 |
| Progressive | $436 | $1,247 |
| State Farm | $316 | $1,190 |
| USAA | $272 | $1,069 |
| Western National | $329 | $1,315 |
Alaska auto insurance rates by city
Your state and your locality can have an impact on your car insurance premium. The average premium for a ZIP code or city can be affected by factors such as the risk of vandalism or accidents, and even the likelihood of theft.
Here are twenty of the most populous cities in Alaska, and how they compare to the state’s average.
| City | For full coverage, the average annual premium | % difference to state average annual premium |
|---|---|---|
| Anchorage | $1,777 | 14% |
| Fairbanks | $1,594 | 2% |
| Juneau | $1,264 | -19% |
| Eagle River | $1,731 | 11% |
| Badger | $1,584 | 2% |
| Knik-Fairview | $1,670 | 7% |
| College | $1,578 | 1% |
| Ketchikan | $1,282 | -18% |
| Kodiak | $1,492 | -4% |
| Lakes | $1,670 | 7% |
| Palmer | $1,683 | 8% |
| Wasilla | $1,670 | 7% |
| Meadow Lakes | $1,670 | 7% |
| Sitka | $1,250 | -20% |
| Chugiak | $1,738 | 11% |
| Jber | $1,690 | 8% |
| Kalifornsky | $1,540 | -1% |
| Kenai | $1,541 | -1% |
| Steele Creek | $1,607 | 3% |
| Tanaina | $1,670 | 7% |
Alaska car insurance rates based on age
Your auto insurance premium can also be affected by your age. Teenagers are more likely than any other age to be involved in auto accident. Auto insurance companies tend to charge teens higher premiums because of this.
| Age | Alaska’s average annual premium |
|---|---|
| Age 16* | $2,245 |
| Age 18 | $4,751 |
| Age 20 | $3,549 |
| Age 25 | $2,050 |
| Age 30 | $1,731 |
| Age 40 | $1,674 |
| Age 50 | $1,521 |
| Age 60 | $1,491 |
| Age 70 | $1,658 |
A 16-year-old was added to the parents’ policy
As some aspects of aging can affect driving ability, premiums may rise once again at age 70.
Alaska car insurance rates for driving record
An insurance company could view you as a high risk driver if you have any driving incidents, such as tickets, accidents, DUIs or tickets. Your premium will rise if a company believes you are more likely to file a claim.
| Accident while driving | Alaska’s average annual premium for full coverage | Increase of % in the average annual premium |
|---|---|---|
| Speeding ticket | $1,863 | 19% |
| Accident | $2,190 | 40% |
| DUI | $2,416 | 55% |
How to Save on Alaska Car Insurance
Although average car insurance rates in Alaska are lower than the national average there are many ways to save more. These tips may be helpful if you are looking for affordable car insurance.
- Compare prices: Each company has a different rating system. The cheapest company may not be the best for everyone. Comparing quotes from different providers may help you to find the right coverage at a lower cost.
- Compare Discounts: Every company offers different rates. You might save money by taking advantage of all the discounts available.
- Your deductibles can be increased: If you have complete coverage, you will have two deductibles for your auto insurance policy: one for comprehensive and one to cover collision. The deductible for collision has a greater impact on your premium. The deductible you choose will determine how much your car insurance costs. If you file a claim to repair or replace your vehicle, your deductible will be due. So make sure you select a level that you are able to afford.
- Your credit score should be higher: Drivers with low credit scores tend to file more claims than those with better credit scores. Your auto insurance premium could be reduced by improving your credit score.
A licensed agent in auto insurance could be a good place for you to begin your search for car insurance. An agent can help you choose the right coverages for you and will also help you find the best price.
Questions frequently asked
What is the monthly cost of car insurance in Alaska?
Alaska’s average monthly cost for full coverage auto insurance is $130. On average, minimum coverage costs just $31 per month. Your personal rating factors, such as your age, driving record, and car type, will affect your monthly premium.
How do I change insurance companies?
It is easy to switch to another car insurance company. After you have chosen the company to handle your policy, and have requested a quote from them, you can start your policy by working with their agents or customer service representatives. To avoid any lapses in coverage, you may need to confirm when your new policy will start before you cancel your existing policy.
What should I look out for in an insurance company
It all depends on your priorities. Finding a affordable insurance company can be a major concern for some. Access to certain coverages might be more important for others. Others may prefer to have access to online and mobile services. You will need to determine what is most important to you in order to find the best insurance company . You might want to take into account the following: coverage options, average premiums, discounts available, financial strength scores, customer satisfaction ratings, and financial strength scores.
