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cheap car insurance in alaska (July 2023)

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Top Five Cheapest Car Insurance Companies in Alaska

Company Annual Premium Monthly Premium
USAA $809 $67
All state $96 $8
Geico (sourced from usnews.com) $988 $82
State Farm $1,023 $85
Umialik $1,103 $92

Disclaimer – We are not affiliated with Geico or sell their insurance. Geico data is not our own and is only for comparison purposes, acknowledging it is one of the cheapest options in the state.

Table of Contents

  • Cheapest Minimum Car Insurance- Umialik Insurance
  • Cheapest for Full Coverage- State Farm
  • Cheapest by Age
  • Cheapest for Drivers with Accidents- State Farm
  • Cheapest for Drivers with DUI- State Farm

Disclaimer – We are not affiliated with Geico or sell their insurance. Geico data is not our own and is only for comparison purposes, acknowledging it is one of the cheapest options in the state.

Why Compare Car Insurance Rates in Alaska:

  • On average, people who compare rates save about $970 a year on car insurance
  • Way.com is an insurance power broker agency with over 200+ partners
  • Get real personalized quotes from real companies

As a car owner, you've probably already been bombarded by ads from several top car insurance firms. It can be challenging to select, or even to consider, how various all these organizations are. There are areas excluded from registration and compulsory insurance. These are areas with few roads and restricted access to the rest of the country.

At Way.com, we ranked the most affordable car insurance in Alaska based on average annual premiums for comprehensive and accident coverage. However, these figures can differ depending on the particular factors involved. To find the most acceptable package and premium, drivers will have to compare quotes from various service providers.

Minimum Required Auto Insurance Coverage in Alaska

All states require you to buy such insurance coverage before you can register your car. According to the Alaska Insurance Department, all car owners must have at least the following:

Coverage Type Minimum Coverage Limit
Bodily Injury Liability Coverage (per person) $25000 ($50,000 for injuries resulting in death)
Bodily Injury Liability Coverage (per accident) $50000 ($100000 for injuries resulting in death)
Property Damage Liability $10000
Uninsured Motorist $25000 bodily injury per person $50000 bodily injury per accident

Cheapest Car Insurance in Alaska for Minimum Liability Coverage

If you want to save money on auto insurance (including bodily injury liability), State farm has the best rates for the least amount of coverage, followed by Allstate. Progressive has the most expensive rates in this group, although it's worth noting that Progressive low-tier coverage is more expensive than other insurers' high-tier coverage. In other words, if you shop about, you can receive more coverage for less money.

Company Annual rate
State Farm $343
Allstate $419
Umialik Insurance $443
Progressive $659

Do I Need More Than the Minimum Required State Coverage in Alaska?

The best insurance is not necessarily the cheapest insurance. You may want more than the minimum insurance required by the state, depending on what you can afford. Collision insurance, for example, covers damage to your vehicle, and comprehensive coverage covers your car for burglary, fire, blizzards, natural disasters, and animal accidents, such as deer or moss.

State insurance guidelines had already been laid down several years ago. Consumer and insurance advocates say that it is better to have a 100/300 exposure policy-a policy that pays $100,000 per injury and $300,000 per accident.

Alaska Car Insurance Laws

If you live in a state where you must register your car, you must also make sure you do so. Cars stored in a garage or on private property do not have to be covered until they are licensed and registered.

No Pay, No Play Policy

Alaska is one of only a few states implementing the "No Pay, No Play" policy. This law indicates that persons who do not have automobile insurance are limited in the money they can get if they are not at fault in an accident. They are usually barred from suing for non-economic damages such as pain and suffering.

Comparing insurance quotes from various companies is the easiest method to obtain affordable coverage. Way.com can assist you in obtaining estimates from a variety of reputable insurers so that you can select a policy that meets your requirements.

See what you could save on auto insurance

PIP laws in Alaska

In Alaska, personal injury protection (PIP) is not needed. Instead of PIP insurance, Alaska insurance companies offer medical payments insurance (also known as MedPay) to cover hospital expenditures incurred due to a car accident.

Alaska is an at-fault state, which means that following a collision, at least one driver is deemed to be "at fault." The average cost of insurance in Alaska – $1257 – is typical compared to most PIP states and other non-PIP states, owing to variances in auto insurance rules.

Auto Insurance Coverage Types

Like most states, Alaska has established laws mandating car owners to have specific minimum amounts of liability auto insurance in the case of a traffic accident on the state's roads and highways.

To be lawful in Alaska, you merely need liability insurance. However, if you want to increase your insurance coverage and protection, look into these additional coverage alternatives.

Proof of Auto Insurance in Alaska

In Alaska, drivers must carry proof of insurance demonstrating that they have at least the minimum needed coverage.

Alaska Law 28.22.019 allows you to have a copy of your contract, self-insurance certificate, or insurance identification card in your immediate possession while driving a car. If you are involved in an accident that results in physical harm, death, or damage to property totalling $501, you would be forced to have evidence of insurance. Failure to have insurance can result in your driver's license being suspended.

If you are caught driving without the required insurance, you will be breaking the law and may face the following penalties:

  • Each occurrence will result in a $500 fine.
  • Suspension of a driver's license for 90 days to one year (longer with each offense)
  • SR-22 insurance is required.
  • Fees for reinstatement

Alaska Rates for drivers with poor credit

Company Annual rate
Allstate $1,186
State Farm $1,480
Umialik Insurance $1,639
Progressive $1,779

Average Cost of Auto Insurance Companies in Alaska

The national average for minimum coverage policy is $749 a year, Alaska's average is $991. A full-service policy with comprehensive coverage and Progressive coverage would cost an average of $1248. Our analysis of the top auto insurance providers in Alaska found that State Farm had the most competitive premiums.

We looked at Alaska's average car insurance prices based on each of the primary rating categories. Read on to determine how much auto insurance costs in your state, or enter your zip code to get customized quotes from top insurers.

Full Coverage Car Insurance in Alaska

Company Annual rate
State Farm $749
Allstate $917
Umialik Insurance $1,052
Progressive $1,248

Alaska Rates for Teen Drivers

Company 16-year-old-male 16-year-old-female
State Farm $3457 $2727
Allstate $3,516 $2749
Progressive $9169 $8364

Alaska Rates for Seniors

Company Annual rate
State Farm $689
Allstate $1,117
Umialik Insurance $955
Progressive $1,338

Cheapest Car Insurance Quotes For Alaska Drivers

Good drivers should save a significant amount on annual car insurance premiums in Alaska. Progressive and All state may be able to offer the best prices to drivers with a clean driving record (no speeding tickets, accidents, or DUIs). The typical insurance premiums for Umialik Insurance are about $1103 higher than the state average.

COMPANY CLEAN RECORD
Progressive $1,117
Allstate $1,612
State Farm $1,027
Umialik Insurance $1,103
USAA $809
Average $1,118

Cheap car insurance in Alaska for young drivers

The average insurance policy premiums for young adults in Alaska are not as varied as those for teenagers. According to our research of Alaska's top insurers,State farm has the best rates for women, State farm is also the cheapest insurance option for young adult males.

Alaska Rates for Young Adults

Company Annual rate
State Farm $889
Allstate $1,049
Umialik Insurance $1532
Progressive $1,511

Cheap car insurance for Alaska drivers with a speeding ticket

Speeding fines hurt the rates that good drivers can get. Drivers with a bad driving record may pay up to $200 more on average for vehicle insurance than those with a clean driving record. Speeding offenders with Progressive insurance will spend the least, followed by All state. After earning a speeding ticket, Alaskans with USSA and State farm had the highest auto insurance rates.

COMPANY WITH 1 SPEEDING VIOLATION
Progressive $1,437
Allstate $1,826
Umialik Insurance $1,385
State Farm $1,120
USAA $1,036
Average $1,320

Cheap auto insurance for Alaska drivers after a car accident

After an accident, Alaskan drivers may usually get the best rates with Progressie, and All state comes in second. According to the study's findings, USSA drivers pay the highest rates following a single accident.

COMPANY WITH 1 ACCIDENT
Progressive $1,883
Allstate $2,267
State Farm $1,215
Umialik Insurance $1,395
USAA $1,182
Average $1,595

Cheap car insurance quotes for Alaska drivers with a DUI

According to our study, Progressive has the best insurance prices for Alaska drivers with a DUI. Allstate, which charges the most for drivers with a DUI on their record, may charge drivers high prices for an annual policy.

COMPANY WITH 1 DUI
Progressive $1,323
Allstate $2,270
State Farm $1,120
Umialik Insurance $1,395
USAA $1,471
Average $1,596

Cheap car insurance for married Alaska drivers

State Farm may offer the best deal if you're married, as its premiums are $328 less than the state average for married drivers. Because married drivers are statistically less likely to be involved in accidents, insurers charge married drivers somewhat cheaper rates than solo drivers. Compared to single drivers in Alaska, married drivers save $103 per year on car insurance.

Companies Annual rates
State Farm $1011
Umialik $1386
Progressive $1584
Allstate $1779

Cheap full coverage car insurance quotes for young drivers with an accident history

Young Alaska drivers might obtain the best rates with local insurer Umialik after an accident. Because the company does not raise rates after a single accident, the minimal coverage rates we found are $1191 per year or $100 per month.

After an accident, young drivers only pay slightly higher rates. After an accident, annual premiums for an 18-year-old driver increased by 19%.

Companies Annual rates
Umialik $1197
State Farm $1527
Allstate $1563
Progressive $3789

Compare car insurance rates in top Cities

In Anchorage, Alaska's most populous city, the highest prices are $1710 per year, while the lowest is in Douglas, at $1170 per year. Insurers evaluate where you live, as well as your driving history and credit score when calculating your premiums. Your rates in Alaska can vary by as much as $534 per year, depending on where you live.

City Annual Rate
Adak $1,457
Akiachak $1,457
Akiak $1,457
Akutan $1,433
Alakanuk $1,433
Aleknagik $1,445
Allakaket $1,433
Ambler $1,433
Anaktuvuk Pass $1,433
Anchor Point $1,421
Anchorage $1,697
Anderson $1,457
Angoon $1,169
Aniak $1,457
Anvik $1,457
Arctic Village $1,433
Atka $1,457
Atqasuk $1,433
Auke Bay $1,181
Badger $1,481
Barrow $1,445
Bear Creek $1,385
Beaver $1,433
Bethel $1,469
Bettles Field $1,445
Big Lake $1,625
Brevig Mission $1,421
Buckland $1,433
Butte $1,637
Cantwell $1,457
Central $1,433
Chalkyitsik $1,445
Chefornak $1,457
Chena Ridge $1,481
Chevak $1,433
Chickaloon $1,613
Chicken $1,469
Chignik $1,433
Chignik Lagoon $1,433
Chignik Lake $1,433
Chistochina $1,481
Chitina $1,469
Chugiak $1,661
Circle $1,457
Clam Gulch $1,421
Clarks Point $1,445
Clear $1,469
Coffman Cove $1,217
Cohoe $1,397
Cold Bay $1,433
College $1,481
Cooper Landing $1,421
Copper Center $1,481
Cordova $1,433
Craig $1,241
Crooked Creek $1,457
Deering $1,433
Delta Junction $1,457
Deltana $1,457
Denali National Park $1,445
Diamond Ridge $1,397
Dillingham $1,445
Douglas $1,169
Dutch Harbor $1,421
Eagle $1,469
Eagle River $1,649
Eek $1,457
Egegik $1,433
Eielson AFB $1,433
Ekwok $1,457
Elfin Cove $1,181
Elim $1,421
Emmonak $1,457
Ester $1,481
Fairbanks $1,505
False Pass $1,433
Farm Loop $1,637
Farmers Loop $1,493
Fishhook $1,625
Fort Greely $1,457
Fort Wainwright $1,505
Fort Yukon $1,457
Fox River $1,397
Fritz Creek $1,397
Funny River $1,385
Gakona $1,481
Galena $1,433
Gambell $1,421
Gateway $1,637
Girdwood $1,505
Glennallen $1,541
Goodnews Bay $1,457
Grayling $1,457
Gustavus $1,181
Haines $1,181
Harding-Birch Lakes $1,469
Healy $1,445
Holy Cross $1,433
Homer $1,397
Hoonah $1,181
Hooper Bay $1,421
Hope $1,385
Houston $1,577
Hughes $1,433
Huslia $1,433
Hydaburg $1,229
Hyder $1,229
Iliamna $1,409
Indian $1,577
Jber $1,577
Juneau $1,181
Kachemak $1,397
Kake $1,169
Kaktovik $1,433
Kalifornsky $1,373
Kalskag $1,421
Kaltag $1,433
Karluk $1,313
Kasigluk $1,433
Kasilof $1,397
Kenai $1,385
Kenny Lake $1,469
Ketchikan $1,217
Kiana $1,433
King Cove $1,409
King Salmon $1,409
Kipnuk $1,433
Kivalina $1,433
Klawock $1,241
Klukwan $1,181
Knik River $1,637
Knik-Fairview $1,625
Kobuk $1,433
Kodiak $1,325
Kodiak Station $1,313
Kongiganak $1,457
Kotlik $1,433
Kotzebue $1,433
Koyuk $1,421
Koyukuk $1,421
Kwethluk $1,433
Kwigillingok $1,433
Lake Minchumina $1,433
Lakes $1,625
Larsen Bay $1,313
Lazy Mountain $1,637
Levelock $1,409
Lower Kalskag $1,433
Manley Hot Springs $1,445
Manokotak $1,409
Marshall $1,457
Mc Grath $1,433
Meadow Lakes $1,625
Mekoryuk $1,433
Metlakatla $1,241
Meyers Chuck $1,229
Minto $1,445
Moose Creek $1,493
Moose Pass $1,385
Mountain Village $1,433
Naknek $1,409
Napakiak $1,433
Nenana $1,445
New Stuyahok $1,433
Newhalen $1,409
Nightmute $1,445
Nikiski $1,385
Nikolai $1,433
Nikolski $1,433
Ninilchik $1,385
Noatak $1,433
Nome $1,421
Nondalton $1,409
Noorvik $1,433
North Pole $1,481
Northway $1,469
Nuiqsut $1,433
Nulato $1,433
Nunam Iqua $1,433
Nunapitchuk $1,433
Old Harbor $1,313
Ouzinkie $1,313
Palmer $1,637
Pedro Bay $1,409
Pelican $1,169
Perryville $1,409
Petersburg $1,181
Pilot Point $1,409
Pilot Station $1,409
Platinum $1,433
Pleasant Valley $1,493
Point Baker $1,229
Point Hope $1,433
Point Lay $1,433
Point MacKenzie $1,625
Port Alexander $1,181
Port Alsworth $1,409
Port Heiden $1,433
Port Lions $1,337
Prudhoe Bay $1,589
Quinhagak $1,421
Rampart $1,433
Red Devil $1,433
Ridgeway $1,373
Ruby $1,433
Russian Mission $1,433
Saint George Island $1,457
Saint Marys $1,433
Saint Michael $1,421
Saint Paul Island $1,433
Salamatof $1,385
Salcha $1,445
Sand Point $1,409
Savoonga $1,421
Saxman $1,217
Scammon Bay $1,409
Selawik $1,433
Seldovia $1,397
Seward $1,385
Shageluk $1,433
Shaktoolik $1,421
Shishmaref $1,421
Shungnak $1,433
Sitka $1,181
Skagway $1,181
Skwentna $1,493
Sleetmute $1,433
Soldotna $1,385
South Naknek $1,409
South Van Horn $1,517
Stebbins $1,421
Steele Creek $1,517
Sterling $1,385
Stevens Village $1,433
Susitna North $1,433
Sutton $1,613
Sutton-Alpine $1,625
Takotna $1,433
Talkeetna $1,433
Tanacross $1,469
Tanaina $1,625
Tanana $1,445
Tatitlek $1,397
Teller $1,421
Tenakee Springs $1,169
Thorne Bay $1,229
Togiak $1,433
Tok $1,469
Toksook Bay $1,445
Trapper Creek $1,505
Tuluksak $1,445
Tuntutuliak $1,445
Tununak $1,433
Two Rivers $1,493
Tyonek $1,493
Unalakleet $1,421
Unalaska $1,421
Valdez $1,397
Venetie $1,433
Wainwright $1,433
Wales $1,421
Ward Cove $1,217
Wasilla $1,565
White Mountain $1,421
Whittier $1,433
Willow $1,577
Womens Bay $1,313
Wrangell $1,217
Yakutat $1,289

Cheap auto insurance in Alaska with bad credit

Company Avg. Annual Premium
USAA $1,998
Umialik Insurance $2,036
State Farm $2,329
Progressive $2,843
Allstate $3,711

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Car insurance price trends in Alaska

Year Avg. Annual Premium - Alaska Yearly Change - Alaska Avg. Annual Premium - US Yearly Change - US
2021 $1,282 -$115 $1,539 $56
2020 $1,407 $103 $1,493 -$51
2019 $1,314 $104 $1,554 $33
2018 $1,220 -$576 $1,531 $94
2017 $1,806 $244 $1,447 $79
2016 $1,572 -$23 $1,378 $98
2015 $1,895 $226 $1,290 $61
2014 $1,679 $145 $1,239 $44
2013 $1,524 -$53 $1,205 -$70
2012 $1,587 $333 $1,286 $92

How to find the best car insurance in Alaska

The expert analysts at Way.com performed an annual survey of the best car insurance companies in Alaska to see which ones have the best coverage, rates, and service. The cheapest car insurance Alaska has for you can vary based on your particular needs and your driver's background.

These are also some tips for finding cheap auto insurance in Alaska that you can use to find the right policy for your needs.

  • Shop around - Each car insurance provider uses a different method for calculating insurance rates for each driver. It is often advised that you buy quotes from various insurers and see how each company pays car insurance to suit your needs.
  • Make the best of discounts - There are several discounts on your car insurance premium that you can use to save money. Popular discounts include low mileage, security, record-free claims, and paperless billing.
  • Check on your credit score - Insurance companies can look at your credit score to decide how much to charge you for your insurance premium. Your payment history will let providers know how much risk you need to insure, so the lower your credit score, the more you can expect to pay for your annual premium.
  • Increase your deductible - Another way to lower your annual premium rate is to can your auto insurance deductible. This means you're going to have to pay more in advance if you're involved in an accident, but every month, you're going to save a few bucks on your premium.

How to Get Discounts on Car Insurance in Alaska

Getting cheap car insurance in Alaska is not a very difficult experience. The auto insurance companies in Alaska offers very low premium. The best car insurance in Alaska might not be the cheapest option for you. Compare quotes from at least three firms to make sure you get a fair offer.

Getting the right discounts can help you get affordable car insurance premiums. Contact your insurance company to determine which ones you qualify for.

INSURANCE AGENT EXPERTS

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Wilson Mathew Nechikat

Principal

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Anthony Luu

Anthony Luu

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Ezra Peterson

Ezra Peterson

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Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com

Frequently Asked Questions

How Much Is Car Insurance In Alaska?

The average cost of auto insurance in Alaska is $500 a year for minimum insurance, with maximum coverage at $1003 per year. This is lower than the national annual average of $641 for minimum automobile insurance and $1255 for full-time auto insurance.

Is Car Insurance Expensive In Alaska?

Car insurance in Alaska is costly because the state-mandated liability policy is high to cover the risk of extreme weather and remote areas. In Alaska, car insurance is less costly than the national average, about $1500 a year for maximum coverage and about $600 per year for minimum coverage.

Does Alaska Require Car Insurance?

Almost every state needs car insurance to be considered a legal driver. Drivers in Alaska must also have insurance evidence that indicates that they have at least the minimum necessary coverage.

Is Alaska A No-Fault State?

Alaska follows a "fault" system when it comes to financial liability for accidents, vehicle damage, and other damages arising from a car accident.

Are Cars More Expensive In Alaska?

Cars are very expensive in the state of Alaska.

Can I Have Car Insurance In One State And Live In Another?

Many auto insurance companies require the car to be registered and insured in the same state. Many State Departments of Motor Vehicles mandate that the car be registered in the same state represented in their driver's license. Some insurers have unique options for cases like this. It would help if you asked the insurance company how this should be done.

What Is The Cheapest Car Insurance In Alaska?

Car insurance varies widely depending on your driver's background, age, gender, vehicle, and a host of other variables. State Farm, and Allstate all have some of the lowest annual rates for drivers, based on their history, credit, and age.

What Information Is Needed To Get Car Insurance In Alaska?

Before you start looking for auto insurance in Alaska, you will need to know your driving background (accidents and tickets), your vehicle requirements, and your credit score. Companies you're negotiating with to get insurance will be able to access a lot of this information, so understanding it ahead of time will help you understand the type of coverage you need and the premium cost you're likely to receive.

What Are The Requirements For Car Insurance In Alaska?

In Alaska, you must have a liability insurance policy that protects $50000/$100000 for personal harm and death and $25,000 for property damages.

What Is The Best Car Insurance In Alaska?

The best auto insurance in Alaska is provided by The Hartford, Allstate and State Farm. These companies offer high average premiums and significant discounts.

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