Are you looking for a discount on Alaska auto insurance rates To ensure that you get the best Alaska auto insurance rates, we have outlined 3 steps.
1. Know your coverage requirements. You must have liability insurance for Alaska of 50/100/25. This means that insurance must cover up to $50,000 in injuries or death for any person, $100,000 in total injury or death per accident, and $25,000 for property damages. Alaska has a Tort system. This means that someone must be held responsible for every accident. The insurance company pays all damages.
Your loan company may require that you have full coverage if you take out a car loan. It protects you and your loan company. The company is guaranteed to receive the entire loan amount for the vehicle if it is not repairable. You won’t have to make payments for a car you don’t want.
2. Learn about the insurance costs in Alaska. The average premium for insurance in Alaska was $1100/year in 2003. Ten states have higher average annual auto insurance rates.
Your driving record, age, purpose of driving and distance driven all have an impact on your rates.
If you have a clean driving record, you will be able to pay less for auto insurance than someone who has been in an accident or received tickets within the last five years. You can save up to 50% by driving carefully and adhering to the traffic laws.
Drivers younger than 21 years old pay higher premiums due to their lower experience and higher rates of incidents and accidents. However, students can get discounts from many companies if their G.P.A is high or they complete a driver’s education course. Many times, older drivers are eligible for discounts by taking defensive driving classes. These discounts can vary from one insurance company to the next and should be inquired about.
When calculating rates, insurance companies take into account your driving purpose. A rate that is driven to work or business is more expensive than a rate that is for pleasure. You must notify your agent if you aren’t working or if you use public transport or carpool to get a lower rate.
You should inform your agent if you have reduced your daily miles by driving to a carpool, only 2 to 3 times per week, or driving to a bus stop, You may be eligible for a rate cut depending on your yearly mileage average.
3. Consider what discounts might be available. Many companies offer discounts on safety equipment for your vehicle, such as antilock breaks, airbags and daytime running lights. Many companies offer discounts on multiple policies, or multiple coverage policies that cover your car and home with the same company.
