You may not be able to find affordable car insurance rates if you have multiple tickets or have been involved in an accident that was your fault. In addition, reckless or high-risk driving in Alaska could lead to your license being suspended, restricted or revoked. Alaska high-risk auto insurance can be an alternative option to traditional vehicle insurance that is not available or cost-effective.
High-risk car insurance Alaska rates
The cost of your Alaska vehicle insurance depends on your driving record, vehicle and level of coverage, among other things. Alaska high-risk auto coverage is usually more expensive than traditional coverage. When pricing vehicle insurance, each carrier will have its own risk threshold. A company might offer affordable insurance to a driver who has received speeding tickets, but raise premiums after an accident or claim.
After a speeding ticket, car insurance rates
Getting a speeding ticket could increase your auto insurance rates slightly or significantly, depending on the carrier. There is no way to predict which insurance company will be the cheapest after a speeding ticket. However, Bankrate’s analysis found USAA, State Farm and Progressive to be the most affordable carriers on average.
A traffic school approved course can help you avoid an increase in your insurance rates due to a speeding ticket. You can complete the course online or in person. It takes approximately eight hours.
Rates for an accident
In Alaska, being held responsible for a car accident will generally raise your premiums more than a speeding ticket. High-risk auto insurance rates can vary widely from one company to the next in Alaska.
USAA car insurance might seem to be the most affordable for safe drivers. However, a single accident can increase your premiums by 46%. State Farm rates rise by 12% on average after an accident. After an accident, Progressive rates average 78% increases.
After a DUI, insurance rates
Driving under the influence could be the most dangerous financial and safety risk that a driver can take.
Here’s how getting a DUI in Alaska could impact auto insurance rates.
Drivers convicted of a DUI in Alaska will also need to ask their insurance company to file a certificate of financial responsibility (SR-22) with the DMV to legally drive.
Teen drivers can get car insurance
Parents who add Alaskan teens to their car insurance policies pay higher premiums than the average.
Who are high-risk drivers?
All ages and all experience levels are considered high-risk drivers. High-risk drivers are those who have been convicted of DUI or have been involved in multiple accidents or violations. High-risk teens are also considered high-risk because of their lack experience.
After accumulating certain points, many states could suspend or revoke your license. Alaska could suspend your license after getting 12 points in one year or 18 points in 24 months. Your license could be suspended or revoked after you have been cited for “negligent driving”, which is often referred to as an at-fault accident.
How high-risk drivers can lower insurance rates
High-risk drivers might have fewer options for carriers and higher average premiums. There are still ways to lower your premium.
- Compare coverage options from multiple carriers to determine the best deal based on your needs.
- Take advantage of as many discounts and offers as you can, including student driver, low-mileage, multi-line, or student driver discounts.
- To keep points off of your driving record, complete a traffic school course.
- Increase your full coverage deductibles as high as you can.
You could save hundreds of dollars by getting vehicle insurance that is as low as 5-10%.
Questions frequently asked
What is an SR-22?
An SR-22 certificate is a proof of financial responsibility. It confirms that you have the minimum car insurance necessary to drive. This is a form that your insurance company files with the DMV for you.
I am a high-risk driver. Do I need extra car insurance?
Most Alaska drivers are required to have liability insurance with minimums of $50,000 in bodily injury and death per person, $100,000 total per accident and $25,000 in property damage. If you file a claim, your policy will only cover the amount of your policy limits. Higher liability limits may help to avoid financial stress following a collision.
What are the points I can get in Alaska if an accident occurs?
Alaska usually assigns six points to negligent operators (responsible in a car accident). After you accumulate 12 points in 12 months, or 18 points within 24 months, the DMV can suspend or revoke an accident. You will be given points for any accident or ticket, but it will depend on the circumstances.
