Best car insurance in Alaska for 2021
Despite being the largest state in the U.S., Alaska only has about 530,000 licensed drivers as of 2019. Alaskans pay $373 per year for minimum coverage car insurance and $1,559 per year for full coverage. However, road safety is of heightened concern due to the high number of vehicle-related fatalities. There were 80 deaths resulting from accidents in Alaska as of 2018, 41 of which were caused by speeding and 29 of which occurred from driving under the influence.
While Alaska has a low driver-to-state size ratio, car insurance may be one of the most important purchases motorists in the area can make. Several of the nation’s best car insurance providers not only offer coverage in the state, but also have strong customer satisfaction ratings and offer competitive rates.
Best car insurance companies in Alaska
While many of Alaska’s top providers are also some of the cheapest auto insurers in the state, drivers may find it beneficial to include other personal criteria when narrowing down their best options. We evaluated providers based on 2021 rate data obtained from Quadrant Information Services, unique options, coverage options, discounts and the J.D. Power Auto Insurance Study for information on customer satisfaction.
|Car insurance company||J.D. Power score (Northwest region)||Average annual full coverage premium|
|Allstate||810 / 1000||$2,302|
|Geico||834 / 1000||$1,421|
|Progressive||821 / 1000||$1,545|
|State Farm||814 / 1000||$1,543|
Allstate offers unique coverage options in addition to its standard policies, including insurance for speakers and other sound system parts in your vehicle. Though its annual premiums land on the higher end for full coverage, what sets Allstate apart is its company advocacy for industry-wide safety features in cars.
Geico is the highest rated by J.D. Power, with 834 points out of 1,000 in the Northwest region. Geico is known for having a quick and easy claims process while providing excellent customer service. It also offers a wide variety of coverage options and unique discounts.
Progressive receives high marks for financial stability from AM Best with an A+ (Superior) rating for financial strength. There are a ton of additional types of coverage available, like free coverage for pet injuries caused by collisions, gap insurance and roadside assistance. There is also the Name Your Price Tool, which allows you to find the best Progressive coverage options based on your budget.
State Farm is known to be the biggest insurance company in the U.S., and offers lots of auto insurance coverage options for Alaska drivers. There are even special offerings to help young drivers save money, like with its Steer Clear driving program.
Average cost of car insurance in Alaska
Car insurance costs vary greatly from person to person, and they also vary by state. Compared to other states, Alaska car insurance prices are more mid-level. State rates likely will not break the bank, but they are also not the cheapest. Whereas drivers pay averages of $565 for minimum coverage and $1,674 for full coverage, nationally, Alaskans likely pay less for car insurance due to low population density.
|Average annual premium for minimum coverage in Alaska||Average annual premium for full coverage in Alaska|
State minimum insurance requirements in Alaska
To keep motorists protected, Alaska requires drivers to carry minimum coverage limits of 50/100/25, which includes:
- $50,000 in bodily injury protection per person
- $100,000 in bodily injury protection per accident
- $25,000 in property damage per accident
Alaska’s minimum required state limits for auto insurance do not apply throughout the entire state. Some areas and territories in the state are exempt because vehicle registration is not required in these areas. Uninsured and underinsured car insurance coverage must also be offered by car insurance providers in Alaska, but can be rejected in writing.
While Alaska’s laws require set limits for minimum coverage, the state’s high probability of accidents and fatalities, as well as damage from weather-related losses like snow, make fuller coverage worth consideration. If you are leasing or financing a vehicle, you may need to purchase full coverage to satisfy your loan requirements.
How to get the best car insurance
Not everyone’s car insurance needs are the same. Car insurance providers price each policy based on a series of individual factors that determine your risk as a policyholder:
- Evaluate your 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.
- Consider state factors: Though car insurance can vary based on coverage selections, you are still required by law to have a minimum amount of insurance. This requirement varies from state to state. In Alaska, you are required to have $50,000/$100,000 for bodily injury or death and $25,000 for property damage.
Car insurance discounts in Alaska
Whether you are quoted auto insurance rates matching Alaska’s averages or find rates that are either more or less than, discounts are available to help you enjoy lower premiums. Several top providers in the U.S. offer multiple discounts that suit most drivers, including those in Alaska. You could receive additional savings for things as simple as enrolling in paperless billing to more long-term efforts such as maintaining a clean driving record. There are some of the specific discounts you can enjoy from the car insurance companies in Alaska.
|Automatic payment/paperless billing||X|
|Defensive driving course||X||X|
|Low annual mileage||X|
|Occupational or organizations||X|
|Safe driver/accident free||X||X||X||X|
Frequently asked questions
What is the cheapest car insurance in Alaska?
Car insurance varies greatly depending on your driving history, age, gender, vehicle and a host of other factors. You may be able to find affordable premiums from some of the largest auto insurers in the U.S. When comparing quotes, you could aim for companies that make you eligible for the most amount of discounts to help align your coverage needs with your budget.
What information is needed to get car insurance in Alaska?
Before you begin searching for car insurance in Alaska, you will need to know your driving history (accidents and tickets), your vehicle specifications and your credit score. The companies you are working with to get insurance should be able to access most of this information, but knowing it ahead of time will help you understand the type of coverage you need and the quote you could anticipate.
What are the requirements for car insurance in Alaska?
In Alaska, you must have a liability insurance policy that covers bodily injury up to $50,000 per person and $100,000 per accident, as well as property damage up to $25,000.
What is the best car insurance in Alaska?
Every driver is different and accordingly, the best car insurance provider is one that best fits each driver’s unique needs. As a general point of comparison, it may be helpful to compare providers that have strong customer service, extensive coverage and a proven track record of timely claim payouts.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.