Alaska is the third-lowest driver in the country, with less than 530,000 drivers according to 2019 reports. Although the Last Frontier’s natural beauty is stunning to see, it can also be dangerous if you don’t have the right conditions. A minimum coverage policy costs $373 per year, while a full coverage policy costs $15,59 per annum. Before you drive, it is important that you have the right type of insurance for Alaska residents.
Alaska’s cheapest car insurance
Like any state there are companies that offer the best auto insurance rates in Alaska. Based on the average annual premium for minimum coverage , and market share , USAA, Geico State Farm, Progressive, and Allstate are the five most affordable car insurance companies.
USAA
USAA is our top pick for affordable car insurance in Alaska. It offers a solid car insurance program with low rates, extensive coverage and many discounts. This company is known for its excellent customer service and consistently receives top customer satisfaction ratings. You can also get personal Injury Protection (PIP) and discounts for military personnel like low mileage or when you park your car on-base.
Geico
Geico is an affordable option and is available in all 50 US states. Personal injury protection and mechanical breakage insurance are available. There’s also the option of gap insurance for leased cars only. There are many discounts, including military, federal employees, defensive drivers, and multiple vehicle. These will help you save money. Geico offers a range of mobile tools that will help you manage your policy.
State Farm
State Farm offers great accessibility. It has excellent phone and agent support, as well as mobile tools. Customers can feel confident in the claims process because it holds an Superior (Superior), rating by AM Best. The coverage is also excellent with exclusive options such as classic and sports car insurance, emergency roadside assistance, and classic car insurance. State Farm offers customers a variety of discounts, including safety discounts for passive restraints or anti-theft technology.
Progressive
Progressive offers many ways to save money on your policy. They offer excellent discounts such as continuous insurance, homeowner discounts, and good student discounts. Through its Snapshot(r), it rewards safe drivers with discounts. There are many coverage options available, including roadside assistance and gap insurance, custom parts, equipment coverage, and a savings bank with deductibles.
Allstate
Allstate provides excellent coverage options, including roadside coverage, sound insurance, and a personal umbrella plan. It scores below average in customer satisfaction. However, Allstate offers 24/7 claims service with a Claimssatisfaction Guarantee for added peace of mind. You can get a discount for early renewals, as well as discounts such as automatic withdrawal, early signing, and full-pay.
Alaskan drivers need minimum coverage
Alaska requires that its drivers have minimum liability car insurance. This coverage includes the following:
- $50,000 per person for bodily injury
- Accident: $100,000 for bodily injury
- $25,000 for property damage
It is important to note that Alaska’s minimum state requirements for car insurance do not apply throughout the state. Some territories and areas are exempt as vehicle registration is not required. Auto insurance providers in Alaska must offer coverage for uninsured or underinsured motorists. However, they can reject this request in writing.
The Insurance Information Institute reports that more than 15% Alaskan drivers don’t have car insurance. If you don’t have the right insurance, you could be in serious trouble if you collide with one of these drivers. It is important to have at least the minimum coverage required by law.
How to Get Alaskan Car Insurance at a Cheap Price
There are many ways to save money on Alaska car insurance
- Compare prices: Each insurance company has a different pricing structure for car insurance. It is worth getting quotes from several Alaska car insurance companies.
- Compare providers: Compare coverage, including pricing, tools and customer service.
- Discounts: There are many ways you can save money on car insurance. Ask your Alaska insurance agent about the savings that could reduce your auto insurance’s price.
- Improve your credit score. Insurance companies are less likely to take you at risk if your credit score is higher. You have many options for car insurance with bad credit. However, you will be able to save more if you have good credit.
- You can increase your deductible to reduce your monthly payments. You will need to pay more upfront in the event of a loss. However, this will reduce your monthly payments and make it more affordable to have insurance coverage.
Questions frequently asked
What is the best Alaska car insurance?
According to an analysis by Bankrate’s editorial staff, Allstate Geico Progressive and State Farm might be the best places to start your search for the best auto insurance in Alaska. While the best company for you will vary based on your coverage, price, credit score and other factors, these four companies are the best to start with when searching for the best Alaska car insurance.
What is the average cost for car insurance in the United States?
The average cost for car insurance in the United States is $565 annually for minimum coverage, and $1,674 per year for full coverage. This is significantly higher than the average cost for car insurance in Alaska, which costs $373 per year for minimum coverage and $1,559 for full coverage .
Alaskans require car insurance
Alaska requires that Alaskan drivers have minimum liability coverage. This includes $50,000 per person for bodily injuries, $100,000 per accident for bodily injuries and $25,000 per property damage. Although some counties in Alaska don’t require car insurance, you should have it if your intention to drive.
