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If anyone ever tells you that they're excited to shop for car insurance, you can be sure that you've met an unusual driver. Insuring a car is less about having fun and more about protecting your assets. It's about having all the coverage you need at a price you can afford. The good news is this: Some of the best car insurance companies in the state of Alaska are also among the biggest names in insurance nationwide.
For a "typical" driver with a clean driving record, the cheapest car insurance in Alaska is available through USAA, which offers an average annual rate of $1,178
Because USAA insurance is reserved for military members and their families, you may need to look at other top-rated insurers. Here are two other Alaska auto insurance carriers worth considering:
USAA proves once again that it's among the best car insurance in Alaska by offering an average annual rate of $2,764 to teen drivers.
Following behind are:
Current and former military members (and their families) enjoy relatively cheap auto insurance in Alaska through USAA, with an average annual rate of $1,151.
Other competitive carriers include:
Geico rewards older drivers for their experience by offering an average annual rate of $1,013.
Other options include:
Once again, USAA beats competitor's rates by offering cheap liability car insurance in Alaska, with an average annual rate of $313.
Other companies offering competitive rates for minimum coverage Alaska auto insurance include:
The average cost of auto insurance in the state of Alaska is $1,758 annually, nearly 34% lower than the national average. The cost of your coverage depends on things like age, driving history, credit score, and where you live.
|Average Rate Category||Alaska||National Average|
|1 accident on driving record||$1,948||$3,092|
|1 speeding ticket on driving record||$1,729||$2,766|
Per Alaska car insurance laws, drivers must carry at least minimum liability coverage (we'll cover the exception to this rule below). Drivers caught without proof of insurance can face a fine of $500 to $1,000, 90 days in jail, and a suspended license. After their license is reinstated, they may also be required to provide an SR-22 document.
Alaska minimum car insurance requirements include:
The exception to these minimum coverage amounts applies in areas of the state where vehicle registration is not required. Unless the owner of a vehicle has recently been cited for specific traffic violations, liability car insurance is not normally required.
Landing low-cost car insurance involves shopping around, gathering insurance quotes, comparing level of coverage to the quoted premiums, and looking for any discount that can drive those car insurance quotes in Alaska even lower. The best car insurance companies in Alaska are happy to provide you with the information you need to compare apples to apples.
How much is car insurance in Alaska? It's the price you're initially quoted, minus any discounts for which you qualify. The number of potential insurance discounts varies by the insurance company, but taking time to look through the options can save you money. Here are some of the ways you can save money:
You will also find that insurers base your rate quote, in part, on your credit score. If your credit score is low, taking steps to raise it can lower the rate you pay for auto insurance. One way to land affordable car insurance in Alaska is to do everything within your power to increase your score. It may take time, but will be worth the effort.
Alaska may have some of the most forgiving insurance rates in the country, but it's important to remember that the state follows a "fault" system when it comes to who's responsible for paying for accidents. The financial responsibility for any loss stemming from an accident, including vehicle damage and injuries, belongs to the driver who caused the accident.
Make sure you have adequate coverage to pay for whatever comes your way. That means purchasing the most comprehensive insurance coverage you can afford and reviewing your policy at least once a year to determine if you have enough.
Our Insurance Expert
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
The data found on this page is a combination of publicly available quote data obtained directly from the carrier as well as insurance rate data from Quadrant Information Services. These rates were publicly sourced from the top ten (10) to fifteen (15) carrier markets, within each state, based on annual written premium and should be used for comparative purposes only -- your own quotes may be different.
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