Skip to Main Content
Powered by (NPN: 19966249), LLC is a licensed insurance producer (NPN: 19966249). services are only available in states where it is licensed. 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.

Average cost of car insurance in Alaska in 2023

Updated Mar 20, 2023
Pay less for auto insurance
A better rate is around the corner. See how much you could save in 3 minutes or less.
Lock Secure Your information is secure
Compare quotes from reliable carriers
Provide some info to get offers
We only ask for info that can impact your rate so we can share accurate and personalized offers.
Insurance Auto
Select your policy
Compare and move forward with as many offers as you want from a list of trusted carriers.
Settle your rate and policy details
Once you’ve decided on a carrier, wrap up the process online or on the phone with a trusted agent. 
Bankrate logo The Bankrate promise

At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation of . Our content is backed by LLC, a licensed entity (NPN: 19966249). For more information, please see our 


Compare rates and save on auto insurance today!

ZIP code
Close X

How much is car insurance in Alaska?

If you’re asking yourself “how much is car insurance in Alaska,” you should know that the state that you live in plays a role in your average car insurance premium, and some states are cheaper than others. Luckily, rates in Alaska tend to skew cheaper than average. According to premium data from 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 per year. These rates are a bit lower than the national average rates, which are $2,014 and $622, respectively.

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

Alaska car insurance rates by city

In addition to your state and other personal rating factors, your specific city and even your ZIP code can impact your car insurance premium. Geographically specific factors like the incidence of accidents and the likelihood of vehicle theft or vandalism can influence the average premium in your area.

In the table below, you can see how average full coverage car insurance premiums vary between various cities in Alaska.

Alaska city Average annual full coverage premium Percentage difference from Alaska average annual full coverage premium
Anchorage $2,046 5%
Bethel $1,943 0%
Fairbanks $1,885 -3%
Kenai $1,816 -7%
Wasilla $1,977 2%

Average car insurance costs by age and gender in Alaska

Another factor that can significantly impact your premium in most states (including Alaska) is your age. Teens and young adults tend to exhibit riskier driving behavior than their older counterparts. This inexperience behind the wheel typically leads them to pay the highest premiums since they’re at the highest risk of being involved in a car accident. Generally, rates go down as you age but tend to tick up again after you turn 70, when age-related health issues may lead to a higher chance of accidents. 

Gender is another car insurance rating factor in Alaska. Typically, men (especially young men) pay more expensive car insurance premiums than women, but this isn’t always the case. Take the tables below, for instance. As you can see, after age 40, women in Alaska pay slightly higher average rates than men. Since car insurance premiums are based on actuarial tables, the statistics may show that claims payouts are more frequent or costly for women in Alaska than for men, leading to marginally higher rates.

Age Average monthly full coverage premium in Alaska Average annual full coverage premium in Alaska
Age 16* $368 $4,416
Age 18 $530 $6,360
Age 20 $396 $4,748
Age 25 $209 $2,506
Age 30 $169 $2,026
Age 40 $162 $1,943
Age 50 $149 $1,786
Age 60 $146 $1,751
Age 70 $163 $1,957

*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied.

Age Average monthly full coverage premium in Alaska Average annual full coverage premium in Alaska
Age 16* $315 $3,776
Age 18 $428 $5,138
Age 20 $317 $3,805
Age 25 $184 $2,212
Age 30 $167 $2,006
Age 40 $163 $1,950
Age 50 $152 $1,822
Age 60 $149 $1,786
Age 70 $164 $1,971

*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied.

Cost considerations for young drivers in Alaska

If you have a teen or young driver in your household, you’re likely looking to lower your car insurance premium. One way you might accomplish this goal is by listing your young adult child on your policy rather than putting them on their own. However, you may have to meet some criteria to do so, depending on the company. For instance, your young adult child will more than likely have to live in your home to qualify to be listed as an additional driver on your policy.

The table below illustrates the difference in average rates in Alaska for young drivers listed on their parents’ policy compared to those listed on their own.

Age Average annual premium for drivers on their parents' policy in Alaska Average annual premium for drivers on their own policy in Alaska
Age 16 $4,096 N/A*
Age 17 $3,790 N/A*
Age 18 $3,481 $5,749
Age 19 $3,262 $4,633
Age 20 $3,072 $4,276

*16- and 17-year-old drivers must be on their parents’ policy.

How does driving record impact the cost of car insurance in Alaska? 

Having incidents on your driving record, like tickets, accidents and DUIs, could cause an insurance company to view you as a high-risk driver. The more likely a company thinks you are to file a claim, the more likely your premium will be higher than average.

Although drivers with any conviction or accident will probably pay more for insurance than those with a clean record, some incidents impact your premium more significantly than others, as shown in the table below:

Driving incident Average annual full coverage premium in Alaska Percentage increase in average annual premium
Clean driving record $1,946 0%
Speeding ticket $2,227 14%
Accident $2,600 34%
DUI $2,815 45%

Car insurance rates in Alaska by credit score

Some states prohibit car insurance companies from using your credit score to determine your premium, but Alaska is not one of them. This means that Alaskans with lower credit scores generally pay higher premiums. Statistics show that drivers with poor credit scores file more claims, leading insurers to charge higher rates to compensate for this elevated risk.

Credit tier Average annual full coverage premium in Alaska Percentage difference in average annual premium
Poor $2,697 39%
Fair $2,054 6%
Good $1,946 0%
Excellent $1,771 -9%

Alaska car insurance rates by vehicle type

Finally, the type of vehicle you drive can help dictate your Alaska car insurance rates. Much of the time, drivers with luxury vehicles and sports cars pay the highest premiums, thanks partly to higher parts and labor costs. Vehicle size is another factor — large trucks and SUVs tend to do more damage in an at-fault accident, which could lead to expensive liability coverage premiums. However, some common mid-size vehicles may also have higher rates since there are more of them on the road (leading to a higher statistical likelihood that they’re involved in a claim). 

Since a vehicle’s make and model can significantly impact your premium, it may be a good idea to get quotes for each type of vehicle you’re looking for if you’re shopping for a new car.

Vehicle Average annual full coverage premium in Alaska
Toyota Camry $1,946
Ford F-150 $1,526
Honda Odyssey $1,584
BMW 330i $2,549
Toyota Prius $2,140

How to save on car insurance in Alaska

Average car insurance rates in Alaska may be lower than the national average, but there are often ways that you can save even more. If finding cheap car insurance is your primary goal, you may want to consider the following tips:

  • Shop around: Every company has a different rating system, and the cheapest company for some likely will not be the cheapest company for everyone. Comparing quotes from several providers might help you find the coverage you need at a lower price.
  • Compare discounts: Just like every company has different rates, every company also offers a different selection of discounts. Taking advantage of as many discounts as you can might help you save.
  • Increase your deductibles: If you have full coverage, your auto insurance policy has two deductibles: one for comprehensive and one for collision. Your collision deductible generally has more of an impact on your premium. Typically, the higher your deductible, the less expensive your car insurance will be. However, raising your deductible to get a cheaper rate can be risky. Since you will have to pay your deductible if you file a claim for damage to your vehicle, be sure that you choose a level you can afford.
  • Increase your credit score: Statistically, drivers with low credit scores are more likely to file a claim than drivers with higher credit scores. Taking steps to raise your credit score may help you to lower your auto insurance premium.

Talking to a licensed auto insurance agent could be a good place to start your car insurance search. An agent may be able to guide you while choosing coverages and help you to find the options you need at a price that fits your budget.

Estimate your car insurance cost in Alaska

Advertising Disclosure
This advertisement is powered by, 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 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.

Calculate your monthly car insurance payment

Get a quick estimate to make sure you're not overpaying.

Caret DownCaret Up
Please select age
Lock Secure Data protected by bank-level security.
Caret DownCaret Up
Please select credit score
Why we're asking

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