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Best car insurance in Alaska for 2023

Updated Apr 06, 2023
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Best car insurance companies in Alaska

According to Bankrate’s study premium data provided by Quadrant Information Services, the average cost of a full coverage car insurance policy in Alaska is $1,946 per year, with minimum coverage averaging $421. However, we considered more than average rates to find the best company for Alaska car insurance. We also reviewed third-party scores reported by the J.D. Power 2022 U.S. Auto Claims Satisfaction Study, AM Best financial strength ratings and coverage options, discount opportunities and more.

Based on our extensive research, you might find the best car insurance in Alaska by shopping with Geico, USAA, Progressive, State Farm or Allstate.

Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
J.D. Power score
874
/1,000
Average monthly full coverage premium
$114
Average annual full coverage premium
$1,367
USAA
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info
J.D. Power score
890
/1,000
Average monthly full coverage premium
$104
Average annual full coverage premium
$1,251
Progressive
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
J.D. Power score
861
/1,000
Average monthly full coverage premium
$132
Average annual full coverage premium
$1,580
State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
J.D. Power score
882
/1,000
Average monthly full coverage premium
$114
Average annual full coverage premium
$1,366
Allstate
Rating: 3.8 stars out of 5
3.8
Bankrate Score
Info
J.D. Power score
889
/1,000
Average monthly full coverage premium
$327
Average annual full coverage premium
$3,926
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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
J.D. Power score
874
/1,000
Average monthly minimum coverage premium
$27
Average annual minimum coverage premium
$318
USAA
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info
J.D. Power score
890
/1,000
Average monthly minimum coverage premium
$26
Average annual minimum coverage premium
$314
Progressive
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
J.D. Power score
861
/1,000
Average monthly minimum coverage premium
$46
Average annual minimum coverage premium
$547
State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
J.D. Power score
882
/1,000
Average monthly minimum coverage premium
$29
Average annual minimum coverage premium
$352
Allstate
Rating: 3.8 stars out of 5
3.8
Bankrate Score
Info
J.D. Power score
889
/1,000
Average monthly minimum coverage premium
$43
Average annual minimum coverage premium
$513
Powered by Coverage.com (NPN: 19966249)
Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Best for drivers on a budget

Rating: 4.4 stars out of 5
4.4 Bankrate Score
JD Power: 874 AM Best: A++

Average annual premium

$ 1,367 for full coverage
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Why Geico made our list: Geico offers extensive discounts on top of its lower-than-average premiums in Alaska. Eligible government employees, military members and veterans could qualify for a discount (which makes sense since Geico stands for Government Employee Insurance Company). However, Geico also offers savings opportunities for civilians and those working in the private sector, including vehicle safety discounts, a defensive driver discount, an affiliation discount, a safe driving discount and more. These (among many other factors) helped Geico tie for the Best Auto Insurance Company Overall in the 2023 Bankrate Awards

Who Geico may be good for: Budget-conscious Alaskans who need a fairly basic coverage package might want to request a quote with Geico. 

Read full Geico Insurance review

Best for military-focused service

Rating: 4.3 stars out of 5
4.3 Bankrate Score
JD Power: 890 AM Best: A++

Average annual premium

$ 1,251 for full coverage
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Why USAA made our list: Although USAA is only available to qualifying military members and their immediate families, Alaska has a solid military presence through its seven military bases. Drivers eligible for a policy will likely find excellent customer service and agents who are in tune with unique military needs. USAA is not eligible for official ranking by J.D. Power due to its eligibility requirements. Still, the company generally scores near the top year over year in the Auto Claims Satisfaction Study. USAA also offers a discount for garaging your vehicle on base. Deployed military members might also be interested in USAA’s low mileage and storage discount. 

Who USAA may be good for: USAA could be an excellent car insurance company for those who qualify and are looking for cheap rates without sacrificing customer service.

Read full USAA Insurance review

Best for digital tools

Rating: 4.2 stars out of 5
4.2 Bankrate Score
JD Power: 861 AM Best: A+

Average annual premium

$ 1,580 for full coverage
Get a quote

Answer a few questions to see personalized rates from top carriers.

Why Progressive made our list: Out of the companies on this list, Progressive scored in the shopping category in the J.D. Power 2022 U.S. Insurance Digital Experience Study, perhaps because of its innovative Name Your Price Tool. When requesting an online quote, drivers can key in how much they’d like to spend on a policy, and the Name Your Price Tool presents coverage packages that most closely meet that desired budget. To make things even easier, Progressive also shows estimated quoted premiums from their competitors so drivers can compare rates. After drivers purchase their policy, they can manage it through Progressive’s highly-rated mobile app and online portal. 

Who Progressive may be good for: Drivers new to car insurance or unsure what coverage package will fit within their budget may find Progressive’s streamlined shopping experience especially helpful. 

Read full Progressive Insurance review

Best for local offices

Rating: 4.2 stars out of 5
4.2 Bankrate Score
JD Power: 882 AM Best: A++

Average annual premium

$ 1,366 for full coverage
Get a quote

Answer a few questions to see personalized rates from top carriers.

Why State Farm made our list: It may be hard to find a local insurance agent in Alaska simply due to its location. That is unless you’re insured with State Farm. State Farm has neighborhood agents in many major Alaskan cities. Working with an agent that also lives in the territory they service may be important in a state like Alaska, where coverage needs likely differ from those in the contiguous United States. For drivers that prefer to handle their insurance needs online, State Farm offers that option, too. The company’s mobile app has near-perfect ratings on both the App and Play stores.  

Who State Farm may be good for: If you prefer the personalized service that an in-person insurance agency might provide, then State Farm could be the company for you.

Read full State Farm Insurance review

Best for telematics

Rating: 3.8 stars out of 5
3.8 Bankrate Score
JD Power: 889 AM Best: A+

Average annual premium

$ 3,926 for full coverage
Get a quote

Answer a few questions to see personalized rates from top carriers.

Why Allstate made our list: Allstate is far from the cheapest car insurance company in Alaska, but it could still be the best carrier for telematics. Unlike some companies, Allstate’s Drivewise will not negatively impact your premium, even if it shows that you practice less-than-optimal driving habits. In addition to a possible discount, Alaskans who sign up for Drivewise could also earn Allstate Rewards points that they can use toward savings on travel, merchandise, gift cards and more. You may also be able to offset Allstate’s high average rates through the company’s other discounts, including the eSmart paperless discount, EZ pay plan discount and pay-in-full discount, among many others.  

Who Allstate may be good for: Drivers that want to save on their car insurance through a telematics program might find Allstate appealing, especially if they qualify for other discounts that could bring down the company’s expensive average premium. 

Read full Allstate Insurance review

How Bankrate chose the best car insurance companies in Alaska 

To find the best car insurance in Alaska, Bankrate’s insurance editorial team first reviewed average premium data from analytics company Quadrant Information Services. However, our time as licensed agents taught us that drivers know that the cheapest coverage isn’t always the best for their individual needs.

In addition to rates, we analyzed digital tool availability, financial strength, corporate sustainability initiatives and more. Then, we distilled this information into a proprietary Bankrate Score (with 5.0 being the best score possible). With this, we hope to give our readers a quick and easy way to evaluate insurance companies while they shop around.

How much is car insurance in Alaska?

Full coverage Alaska auto insurance rates are slightly below average, at $1,946 annually. For comparison, the 2023 national average is $2,014. However, Alaskan drivers with minimum coverage fare a little better, with an average premium of $421 per year. This is 32 percent lower than the average annual minimum coverage rate of $622. These rates make sense — Alaska’s low population density could mean fewer-than-average at-fault accidents (and liability claims). However, Alaska’s harsh weather might lead to quite a few comprehensive claims, narrowing the gap between the state and national average full coverage premiums.

Alaska’s unique geographic location makes it difficult to compare its rates to those of nearby states, but for the sake of comparison, let’s consider Washington and Oregon. The average full coverage rate in Washington is $1,410, with minimum coverage averaging $515. Oregon’s rates are similar to Washington’s, at $1,415 and $616, respectively. Alaska’s severe winters, coupled with a higher-than-average cost of labor and repairs due to its remote location, could be driving up the state’s car insurance premiums.

Average annual premium for full coverage in Alaska Average annual premium for minimum coverage in Alaska
$1,946 $421

How to find the best car insurance in Alaska

In most of Alaska, you are required to carry car insurance to drive on public roads. A robust policy also provides essential financial protection if you’re involved in an accident. When looking for the best auto insurance in Alaska, determining your coverage package and priorities might help you streamline the shopping process. Before requesting quotes, you may want to:

Consider minimum insurance requirements in Alaska

Familiarizing yourself with Alaska’s insurance laws is essential to being a responsible driver. Additionally, knowing Alaska’s minimum insurance requirements can help give you a baseline to build your coverage package. Although Alaska’s state minimum insurance requirements are higher than in many other states, you may want to consider purchasing more than the minimum for extra financial protection. Alaska’s remoteness could lend to higher medical and vehicle repair costs, meaning your liability coverage may not stretch as far here as it would in other parts of the country. 

Consider lender requirements

Most lenders require drivers to carry full coverage when financing or leasing a vehicle. Drivers that lease may also have additional liability limit requirements to meet. To avoid expensive force-placed insurance, you may want to review your financing and leasing documents carefully. When in doubt, speaking with your lender and insurance agent to ensure you carry the required coverage levels and options can be helpful. 

Consider your individual needs

When building out your Alaska car insurance policy, consider factors such as where you live, the kind of car you drive, safety features, your credit score and what kind of claims history you have had with your car insurance. All of these and more can affect your car insurance coverage and pricing, so finding providers with a reputation for giving good rates to people with your needs could offer useful means of comparison.

Frequently asked questions

Written by
Carol Pope
Insurance Writer

Carol Pope is an insurance writer for Bankrate and prior to joining the team, she spent 12 years as an auto insurance agent. During this time, she sold, serviced and underwrote auto insurance for people across the country. She also has experience selling supplement coverage such as umbrella insurance.

Edited by Insurance Editor
Reviewed by Director of corporate communications, Insurance Information Institute