Cheap Car Insurance in Alaska for 2024 (Find the Top 10 Companies Here)
Discover our best insurers for cheap car insurance in Alaska with State Farm, Geico, and Amica. These companies offer the best rates starting at $22 per month, along with extensive coverage and exceptional customer support. Explore why these three companies are top choices for Alaskan drivers.
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Brandon Frady
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
Licensed Insurance Agent
UPDATED: Oct 2, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
UPDATED: Oct 2, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
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19,116 reviewsCompany Facts
Min. Coverage in Alaska
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19,116 reviews
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Min. Coverage in Alaska
A.M. Best Rating
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768 reviewsState Farm, Geico, and Amica are the best for cheap car insurance in Alaska, with rates starting at $22 monthly. Discover why these top insurers are the best choices for Alaskan drivers.
If you’re a resident of Alaska and a car owner, it’s important to have proper car insurance to protect yourself and your vehicle. However, finding affordable car insurance in Alaska can often be a challenge.
Our Top 10 Company Picks: Cheap Car Insurance in Alaska| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | $22 | B | Nationwide Coverage | State Farm |
 | #2 | $26 | A++ | Low Rates | Geico |
 | #3 | $30 | A+ | Customer Service | Amica |
 | #4 | $32 | A++ | Comprehensive Coverage | Travelers |
 | #5 | $33 | A+ | Discount Variety | Progressive |
 | #6 | $36 | A | Strong Support | American Family |
 | #7 | $37 | A+ | Usage-Based Discounts | Nationwide |
 | #8 | $44 | A | Local Agents | Farmers |
 | #9 | $46 | A+ | Flexible Coverage | Allstate |
 | #10 | $56 | A | Policy Customization | Liberty Mutual |
In this article, we will discuss the basics of car insurance in Alaska, factors that affect car insurance rates, tips for finding cheap car insurance, and the top affordable car insurance companies in the state. Enter your ZIP code above to start.
- Top car insurance providers include State Farm, Geico, and Amica
- Explore rates, coverage options, and savings opportunities in Alaska
- Compare quotes from leading insurers to find the best deal in Alaska
#1 – State Farm: Top Overall Pick
Pros
- Accident Forgiveness Options: State Farm offers accident forgiveness, preventing premium hikes after a first at-fault accident, ideal for new drivers in Alaska.
- Personalized Local Agent Support: Strong network of local agents familiar with Alaska’s driving conditions, offering personalized advice. Learn more in our article, “State Farm insurance review & ratings”
- Drive Safe & Save Program: Offers discounts for safe driving through a telematics program, ideal for drivers who frequently travel Alaska’s long, winding roads.
Cons
- Higher Rates for High-Risk Drivers: Drivers with a poor driving history may face significantly higher premiums compared to other insurers.
- Limited Digital Tools: Mobile app and digital services are less advanced compared to some competitors, which may be a drawback for tech-savvy users seeking cheap car insurance in Alaska with easy management options.
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#2 – Geico: Best for Low Rates
Pros
- Military and Federal Discounts: Offers specific discounts for military personnel and federal employees, which is great for the large military community in Alaska.
- Fast Claim Processing: Known for efficient and quick claim processing, which is crucial for those needing immediate assistance due to severe weather or remote locations.
- Mechanical Breakdown Coverage: A unique add-on covers car repairs, giving Alaskan drivers extra peace of mind in tough conditions. Read more on our Geico auto insurance review.
Cons
- Minimal Local Agent Presence: Geico relies heavily on digital services and has fewer local agents, which may be inconvenient for those who prefer face-to-face interactions.
- Limited Coverage Customization: Coverage options are more standardized, providing less flexibility for highly personalized policies.
#3 – Amica: Best for Customer Service
Pros
- Dividend Policies: Amica offers a dividend policy that returns part of premiums, providing cheap car insurance in Alaska. For details, see our “Auto Insurance” guide.
- High-Quality Collision Coverage: Renowned for covering a wider range of collision-related incidents, suitable for Alaska’s rugged terrain.
- Advanced Anti-Theft Discount: Provides discounts for vehicles with anti-theft devices, which is valuable in Alaska where car theft can be a concern in urban areas.
Cons
- Higher Premiums: Generally higher base premiums, making it less competitive for budget-conscious customers. This could deter those specifically searching for cheap car insurance in Alaska.
- Limited Discounts for Younger Drivers: Fewer targeted discounts for drivers under 25, who often face higher premiums. This can make it challenging for younger drivers to obtain cheap car insurance in Alaska.
#4 – Travelers: Best for Comprehensive Coverage
Pros
- Flexible Deductible Options: Offers flexible deductibles, allowing drivers to choose higher ones for lower premiums. Learn more in our article “Bundling Home and Auto Insurance With Travelers.”
- Gap Insurance Availability: Provides gap insurance coverage, ideal for those financing newer vehicles in Alaska’s unpredictable climate.
- New Car Replacement Coverage: Offers full replacement of a new car that is totaled within the first five years, beneficial for those investing in newer models.
Cons
- Average Digital Experience: Digital tools and mobile apps are functional but less sophisticated than top competitors, which may be a drawback for those seeking cheap car insurance in Alaska with modern tech features.
- Rates Not the Lowest: Generally competitive but not the cheapest, which may deter price-sensitive customers and limit its appeal to those seeking the lowest car insurance rates in Alaska.
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#5 – Progressive: Best for Discount Variety
Pros
- Name Your Price Tool: A unique feature lets Alaskan drivers customize coverage based on their budget, helping them find affordable car insurance.
- Loyalty Rewards: Loyalty discounts help long-term residents maintain cheap car insurance in Alaska. Learn more in our article titled “How do I appeal an car insurance claim with Progressive?” for more information.
- Strong Online Presence: Progressive’s highly rated app and user-friendly website make managing cheap car insurance in Alaska easy. Online tools streamline the process and help save costs.
Cons
- Higher Rates After an Accident: Progressive’s highly rated app and user-friendly website make managing cheap car insurance in Alaska easy. Online tools streamline the process and help save costs.
- Limited Availability of Local Agents: Fewer physical agents available for those who prefer in-person support. Limited local support may hinder personalized cheap car insurance in Alaska options. Customers who value local, face-to-face guidance may need to rely more on online resources.
#6 – American Family: Best for Strong Support
Pros
- MyAmFam Mobile App: A well-rated mobile app simplifies claims, policy management, and access to digital ID cards, helping maintain cheap car insurance in Alaska.
- Steer into Savings Discount: American Family provides discounts for customers switching from other insurers, making it attractive for newcomers to Alaska.
- Dedicated Local Agents: Strong local agent presence in Alaska offers personalized and community-focused service. See more here. “How to File an Car Insurance Claim With American Family Insurance Company“.
Cons
- Availability Limited in Some Areas: Not available in all parts of Alaska, which could limit accessibility for some residents. This limits the reach of cheap car insurance in Alaska through American Family.
- Fewer Bundling Options: Limited discounts for bundling auto with other types of insurance compared to competitors. Fewer bundling discounts could make it harder to find cheap car insurance in Alaska.
#7 – Nationwide: Best for Usage-Based Discount
Pros
- SmartRide Program: Usage-based insurance gives discounts for safe driving tracked through an app, perfect for infrequent drivers in Alaska.
- On Your Side Review: Annual insurance reviews with an agent can optimize your coverage by adjusting policies for life changes. For details, check our guide “Free Car Insurance Information, Advice & Online Quotes“
- Multi-Policy Discounts: Offers substantial discounts for bundling home, auto, and other insurance, making it appealing for comprehensive coverage.
Cons
- Moderate Digital Features: The mobile app and online features are functional but less advanced than competitors, which may deter tech-savvy drivers seeking cheap car insurance in Alaska.
- Higher Rates for Young Drivers: Less competitive rates for drivers under 25, who are considered higher risk. This could be a drawback for younger drivers seeking cheap car insurance in Alaska.
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#8 – Farmers: Best for Local Agents
Pros
- Highly Personalized Service: Offers customizable policies and coverage options tailored to drivers in Alaska, helping them achieve cheap car insurance suited to their specific needs.
- Signal Telematics Program: A usage-based insurance program monitors driving habits and offers discounts for safe driving, benefiting safety-conscious Alaskan drivers.
- Mature Driver Discounts: Drivers over 55 who complete a safe driving course can get discounts, making car insurance in Alaska more affordable for seniors. Lear more on our Farmers insurance review & ratings.
Cons
- Higher Base Premiums: Farmers is known for higher-than-average starting premiums, making it less accessible for budget-focused drivers. This can be a drawback for those looking for cheap car insurance in Alaska.
- Limited Digital Offerings: Farmers’ digital tools and online experience lag behind competitors, potentially deterring tech-savvy users.
#9 – Allstate: Best for Flexible Coverage
Pros
- Drivewise Telematics Program: Allstate’s Drivewise program offers discounts up to 40% for safe driving, making it a great choice for Alaska drivers.
- New Car Replacement Coverage: Allstate offers new car replacement coverage, replacing a totaled car within the first two model years.
- Bundling Discounts: Provides savings for Alaskan families by bundling home and auto insurance for affordable car coverage. Check out our article “How do I renew my car insurance policy with Allstate?”
Cons
- Higher Premiums for New Customers: Allstate’s premiums for new customers are usually higher than competitors, which may not suit those seeking cheap car insurance in Alaska.
- Mixed Customer Service Reviews: Customer service satisfaction varies, with some policyholders reporting unsatisfactory experiences.
#10 – Liberty Mutual: Best for Policy Customization
Pros
- Highly Customizable Policies: Liberty Mutual provides various policy add-ons and endorsements, enabling Alaska drivers to customize their coverage.
- RightTrack Program: A telematics program that tracks safe driving through a mobile app offers up to 30% savings for cautious Alaskan drivers.
- Paperless and Pay-in-Full Discounts: Save money with paperless and full payment discounts for cheap car insurance in Alaska. For more details, see our article “Liberty Mutual insurance review & ratings”.
Cons
- Mixed Customer Service Reviews: Customer satisfaction with claims processing and service varies, which could be a concern for those seeking cheap car insurance in Alaska.
- Higher Prices for Add-Ons: Liberty Mutual offers various coverage options, but these add-ons can significantly raise premiums, limiting affordability for drivers seeking cheap car insurance in Alaska.
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Understanding Car Insurance in Alaska
When it comes to driving in Alaska, car insurance is not just a legal requirement but also a vital financial protection. Alaska’s unique landscape and weather conditions, including icy roads and wildlife encounters, make having comprehensive coverage a necessity.
Car insurance in Alaska comprises several essential components that together provide comprehensive coverage. The foundation of any policy is liability coverage, which includes personal liability insurance that protects you financially if you cause an accident resulting in bodily injury or property damage to others.
Alaska Car Insurance Monthly Rates by Provider & Coverage Level| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| $46 | $135 |
| $36 | $105 |
| $30 | $85 |
| $44 | $127 |
| $26 | $76 |
| $56 | $164 |
| $37 | $108 |
| $33 | $97 |
| $22 | $65 |
| $32 | $93 |
Given Alaska’s vast wilderness and remote areas, liability coverage safeguards you from potential lawsuits and costly legal expenses. As Alaska is a no-fault state, personal injury protection (PIP) is crucial, covering medical expenses for you and your passengers regardless of who is at fault.
This is particularly important in Alaska, where healthcare costs can be higher due to the remoteness of many facilities. Uninsured/underinsured motorist coverage is also vital, as it protects you if you’re in an accident with a driver who lacks sufficient insurance.
Alaska Report Card: Car Insurance Premiums| Category | Grade | Explanation |
|---|---|---|
| Vehicle Theft Rate | B | Moderate theft rate |
| Traffic Density | A | Low traffic congestion |
| Weather-Related Risks | C | High winter risk |
| Average Claim Size | B | Below average claim size |
| Uninsured Drivers Rate | C | High uninsured rate |
Additionally, comprehensive coverage shields you from non-accident-related damages, like theft or natural disasters, while collision coverage provides protection against damages from collisions.
Alaska has specific minimum car insurance requirements that all drivers must meet, including bodily injury coverage of $50,000 per person and $100,000 per accident, along with $25,000 for property damage.
Alaska Accidents & Claims per Year by City| City | Accidents per Year | Claims per Year |
|---|---|---|
| Anchorage | 2,500 | 3,000 |
| Bethel | 250 | 300 |
| Fairbanks | 1,200 | 1,400 |
| Juneau | 900 | 1,100 |
| Kenai | 300 | 350 |
| Ketchikan | 450 | 550 |
| Kodiak | 350 | 400 |
| Palmer | 200 | 250 |
| Sitka | 500 | 600 |
| Wasilla | 700 | 850 |
While these are the state’s minimum limits, they may not offer sufficient protection for many drivers, as the costs from accidents, medical expenses, and property damage can quickly exceed these amounts.
Understanding these requirements and coverage options helps you make an informed decision that ensures adequate protection and peace of mind.
Factors Affecting Car Insurance Rates in Alaska
When determining car insurance rates in Alaska, several key factors come into play. Understanding these can help you make informed decisions and potentially save on premiums.
Age and driving experience are among the most significant considerations; younger, less experienced drivers often face higher premiums due to their increased risk of accidents. In contrast, mature and experienced drivers typically enjoy lower rates.
5 Common Car Insurance Claims in Alaska| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Collision | 30% | $4,200 |
| Comprehensive | 25% | $1,800 |
| Bodily Injury | 20% | $15,000 |
| Property Damage | 15% | $3,500 |
| Uninsured Motorist | 10% | $7,500 |
However, having a DUI can significantly impact these rates, as insurers consider how long a DUI stays on your record when assessing risk and setting premiums.
Additionally, it’s important to understand the implications of policy exclusions, such as what happens if an excluded driver on my car policy has an auto accident and my insurance has denied the claim.
However, the age at which rates decrease varies among insurers, with some lowering rates for drivers as young as 25. Another crucial factor is your driving record.
5 Common Car Insurance Claims in Alaska| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Collision | 30% | $4,200 |
| Comprehensive | 25% | $1,800 |
| Bodily Injury | 20% | $15,000 |
| Property Damage | 15% | $3,500 |
| Uninsured Motorist | 10% | $7,500 |
Drivers with clean records generally receive better rates, while those with traffic violations or accidents face higher premiums due to perceived higher risk.
In such cases, the policyholder may be fully liable for damages and costs, further highlighting the importance of a clean driving record and understanding your policy terms.
Car Insurance Discounts From the Top Providers in Alaska| Insurance Company | Available Discounts |
|---|---|
| Safe Driver, Bundling, New Car, Anti-Theft, Early Signing |
| Safe Driving, Bundling, Good Student, Vehicle Safety Features |
| Safe Driver, Bundling, Loyalty, Anti-Theft, Good Student |
| Bundling, Safe Driver, Homeowner, Good Student, Defensive Driving |
| Safe Driver, Bundling, Good Student, Anti-Theft, Military |
| Bundling, Safe Driver, Early Signing, Homeowner, Anti-Theft |
| Safe Driving, Bundling, Good Student, Anti-Theft, Homeowner |
| Bundling, Safe Driver, Snapshot, Good Student, Homeowner |
| Safe Driver, Bundling, Good Student, Anti-Theft, Defensive Driving |
| Safe Driver, Bundling, Good Student, Homeowner, Anti-Theft |
Lastly, the make and model of your vehicle also affect insurance costs. High-performance or expensive cars usually have higher premiums, while vehicles with advanced safety features can qualify for discounts, making it essential to compare rates before purchasing a new car.
How to Find Cheap Car Insurance in Alaska
Alaska, known for its vast landscapes and unpredictable weather, requires car insurance not only as a legal obligation but also as a necessary safeguard for drivers and their vehicles. However, finding affordable car insurance in Alaska can be challenging.
This guide explores strategies for securing cheap car insurance, starting with shopping around for the best rates. Comparing quotes from different providers is crucial since each company has unique pricing and coverage options.
While a low premium is appealing, it’s essential to ensure that the policy offers adequate protection, especially for scenarios like car insurance for a stolen car, and has a solid customer service reputation.
Alaska Report Card: Car Insurance Discounts| Discount Name | Grade | Savings | Participating Providers |
|---|---|---|---|
| Military | A+ | 20% | USAA, Geico |
| Safe Driver | A | 20% | State Farm, Geico, Allstate, Progressive, USAA |
| Accident-Free | A | 15% | State Farm, Progressive, USAA, American Family |
| Multi-Policy | A- | 15% | Nationwide, Liberty Mutual, Farmers, USAA |
| Defensive Driving | A- | 10% | Progressive, State Farm, Allstate, USAA |
| Good Student | B+ | 10% | State Farm, American Family, Travelers, USAA |
| New Car | B+ | 8% | Nationwide, Geico, Farmers, Liberty Mutual |
| Anti-Theft Device | B | 5% | Geico, Allstate, Liberty Mutual, Nationwide |
| Early Shopper | B | 5% | Allstate, Liberty Mutual, Nationwide |
| Paperless | B | 3% | Progressive, Travelers, Farmers, Nationwide |
Additionally, taking advantage of discounts, such as safe driver or multi-policy discounts, can help lower premiums while ensuring you have comprehensive coverage against theft.
Brandon Frady Licensed Insurance Agent
Maintaining a clean driving record is another key factor, as it demonstrates responsible driving and can lead to reduced rates over time. By considering these strategies, you can find affordable car insurance in Alaska while ensuring sufficient coverage for peace of mind. Enter your ZIP code to compare quotes today.
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Frequently Asked Questions
What factors affect car insurance rates in Alaska?
Several factors can influence car insurance rates in Alaska, including the driver’s age, driving record, type of vehicle, coverage limits, and deductible amount.
How can I find cheap car insurance in Alaska?
To find cheap car insurance in Alaska, you can start by comparing quotes from multiple insurance companies. Additionally, maintaining a clean driving record, opting for a higher deductible, and bundling your car insurance with other policies can help lower your premiums. Enter your ZIP code to compare quotes now.
What is the minimum car insurance requirement in Alaska?
In Alaska, drivers are required to have a minimum liability coverage of 50/100/25. This includes $50,000 for personal injury liability per person, $100,000 for personal injury liability per accident, and $25,000 for property damage liability per accident.
Does Alaska offer any discounts on car insurance?
Yes, Alaska insurance companies often provide various discounts to help reduce car insurance costs. These may include discounts for safe driving records, completing defensive driving courses, having multiple vehicles insured, being a good student, or installing anti-theft devices in your car.
Are there any specific insurance requirements for driving in Alaska?
Aside from the minimum liability coverage, Alaska law also requires drivers to carry uninsured/underinsured motorist coverage with the same limits as their liability coverage. This coverage protects you if you are involved in an accident with a driver who doesn’t have insurance or carries insufficient coverage. Compare quotes by entering your ZIP code today.
What are the unique challenges of driving in Alaska that affect insurance rates?
Driving in Alaska presents challenges such as icy roads and wildlife encounters, which can significantly increase the risk of car accidents and impact insurance rates. Additionally, remote areas may lead to higher repair costs and longer response times for roadside assistance, further complicating recovery from car accidents.
How does Alaska’s no-fault insurance law impact coverage requirements?
Alaska’s no-fault insurance law requires drivers to carry personal injury protection (PIP) coverage, which pays for medical expenses regardless of fault. This can increase overall insurance costs, as it provides additional coverage beyond standard liability.
What factors should Alaskan drivers consider when choosing between minimum and comprehensive coverage?
Alaskan drivers should consider their risk exposure, such as severe weather conditions and wildlife collisions, when deciding on coverage levels. Comprehensive coverage can provide broader protection, including for non-collision-related damages, which is crucial in Alaska’s harsh environment. Enter your ZIP code today to get started.
Are there any specific discounts available to Alaska residents for safe driving in challenging weather conditions?
Yes, some insurance providers offer discounts for completing defensive driving courses or for equipping vehicles with advanced safety features, which can be particularly beneficial in Alaska’s challenging driving conditions.
Additionally, telematics auto insurance coverage can provide further savings by rewarding safe driving habits and maintaining a clean driving record, which helps reduce premiums.
How can Alaskan drivers manage their insurance costs if they frequently drive in remote or rural areas?
Alaskan drivers can manage insurance costs by opting for higher deductibles and bundling their car insurance with other policies to secure discounts. Additionally, maintaining a clean driving record and installing safety features can help reduce premiums despite the increased risks of remote driving.
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Brandon Frady
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
