Find Cheaper Alaska Car Insurance Rates in 2024

Projected insurance prices in Alaska for 2024 are $1,078 every 12 months including full coverage. Comprehensive, collision insurance, and liability cost an estimated $240, $438, and $278, respectively. Anchorage, Meadow Lakes, and Palmer average the highest rates, and the two companies who insure the most vehicles in Alaska are State Farm and Geico.

Average rate for full coverage: $1,078

Policy rates broken down by individual coverage type:

40-year-old driver, full coverage with $500 deductibles, and good driving record

Cost of Car Insurance in Alaska

These price differences highlight why it is important to compare rates quotes for a targeted area and their own driving history, instead of depending on rates averaged for all U.S. states.

Use the form below to get accurate rates for your location.

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The chart above shows average Alaska auto insurance rates for various coverage choices and risks. The cheapest discount rate is $620. Drivers choosing higher $1,000 deductibles will pay $924. The average rate for a driver around age 40 using $500 deductibles is $1,078. Choosing low $100 deductibles for collision and other-than-collision coverage will cost more, up to $1,376. If you have multiple accidents and violations you could be charged around $2,328. The cost for full coverage insurance for a teenage driver can climb as high as $3,966.

Insurance rates in Alaska also range considerably based on liability limits and deductibles, your driving characteristics, and your choice of vehicle.

Older drivers with a clean driving record and higher deductibles may pay as low as $1,000 every 12 months on average, or $83 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers can expect to pay at least $3,900 a year. View Rates by Age

The city you live in also has a big influence on auto insurance prices. Areas with less crime and congestion might see rates around $800 a year, while some neighborhoods in Anchorage and Meadow Lakes may have prices as high as $1,500. Even areas close to each other in the same city can have large rate differences.

These wide price ranges illustrate the significance of getting rates for your specific Alaska zip code.

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Your choice of car insurance company influences the cost of coverage. Each company has their own rate formula, and prices can change depending on individual risk factors.

In Alaska, auto insurance prices range from $883 with Umialik to as much as $2,476 with Safeco. Other companies like USAA, State Farm, and Progressive are neither the lowest or highest. That is probably not the prices you would pay, as where you live in Alaska, the vehicle you are insuring, and any driving violations have to be considered.

Opting for high physical damage deductibles can reduce rates by up to $460 annually, while buying higher liability limits will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $250 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or you were responsible for an accident, you are likely paying $1,300 to $1,700 extra every year, depending on your age. A high-risk auto insurance policy is expensive and can cost from 43% to 135% more than the average rate. View High Risk Driver Rates

The type of car, truck, or SUV you buy is a primary factor in determining the cost of auto insurance coverage in Alaska. Buying a lower-cost and safer model will have a lower insurance cost due to cheaper repair costs and lower severity of accident injuries.

The following table shows car insurance premium estimates for the top vehicles that are insured in Alaska.

Because rates have so much variability, the best way to figure out who has the best auto insurance rates is to get quotes from multiple companies. Every auto insurance company utilizes a different rate formula, so the rates will be varied.

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