Cheapest Car Insurance Quotes in Anchorage

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Anchorage Car Insurance

^$ 39

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

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

Table of Contents

How Much Is Car Insurance in Anchorage

The car insurance rate in Anchorage is $1312 for a six-month policy, which is $228 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $1035, making it a popular choice for budget-conscious drivers. Rates in Anchorage can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in Anchorage

$1312

Avg. Car Insurance in Alaska

$1084

National Average

$1278

Cheapest Car Insurance Companies in Anchorage

1st place: Progressive

At $1035 for a six month policy, Progressive offers the cheapest auto insurance rates in the city.

2nd place: USAA

USAA offers auto insurance rates at $1100 for a six-month policy, making it one of the cheapest to insure with.

3rd place: State Farm

State Farm offers auto insurance rates at $1193 for six months, making it the third cheapest auto insurance company in Anchorage.

Anchorage Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Anchorage, AK is Progressive, offering policies at just $1035 for a six-month term. This is followed by USAA, which has an average six-month premium of $1100.

At the higher end of the spectrum, Allstate is the most expensive, with rates reaching $1811 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Anchorage drivers find the best deals.

Cheap Car Insurance Companies in Anchorage, AK

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Progressive	$1035	$174
USAA	$1100	$185
State Farm	$1193	$201
Umialik	$1423	$240
Allstate	$1811	$309

Key Takeaways

Way's key takeaways about car insurance in Anchorage

The auto insurance costs in Anchorage fall around $1035 for six months.
The cheapest auto insurance company in Anchorage is USAA.
Teen drivers pay the highest rate in Anchorage at $737 per month.

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Cheapest Minimum Liability Car Insurance in Anchorage

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Anchorage are given below.

USAA provides the cheapest minimum car insurance coverage in Anchorage. Their Average 6 Month Premium is $230. Allstate is the most expensive at $396 for the same period.

Cheapest Liability Coverage in Anchorage, AK

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$230	$39
Progressive	$338	$57
State Farm	$381	$64
Umialik	$381	$64
Allstate	$396	$67

Cheapest Full Coverage Car Insurance in Anchorage

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Anchorage is Progressive at $174 per month and $1035 for six months.

Cheapest Full Coverage Car Insurance Quotes in Anchorage, AK

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Progressive	$1035	$174
USAA	$1100	$185
State Farm	$1193	$201
Umialik	$1423	$240
Allstate	$1811	$309

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Average Car Insurance in Anchorage by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in Anchorage, AK increasing?

Despite maintaining a clean driving record, your car insurance rates in Anchorage, Alaska, may be increasing due to several external factors. Alaska has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, Anchorage's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Anchorage

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

Age Group	Cheapest Companies	Avg. 6 Mo. Premium
20s	USAA	$738
30s	USAA	$558
40s	USAA	$515
50s	USAA	$486
60s	USAA	$505
70s	USAA	$618

Cheapest Car Insurance Rates for Teen Drivers in Anchorage,AK

If you are planning to get a car insurance policy for your teenage dependent, USAA provides the cheapest car insurance in the Anchorage at $330 per month. At $4334 for a six-month premium, Allstate offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$1941	$330
Progressive	$1963	$330
State Farm	$2235	$376
Umialik	$3198	$534
Allstate	$4334	$737

Teen Car Insurance Rates in AK by Age

Way Tip

If you are in your twenties USAA is the best choice for car insurance in Anchorage.

As young drivers face the highest rates in Anchorage, USAA offers the cheapest auto insurance rates at $738 for six months.

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in Anchorage, Progressive is the cheapest car insurance provider. At $1064 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Anchorage is State Farm, offering rates of around $4823 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Progressive	$1064	$179
Allstate	$1323	$223
Umialik	$1337	$225
USAA	$1474	$250
State Farm	$4823	$803

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Car Insurance Rates with An Accident in Anchorage

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Anchorage, AK, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Anchorage

The cheapest car insurance companies after an at-fault accident in Anchorage include Umialik and State Farm, offering $711 and $783, respectively. Allstate is an expensive provider with an average six-month premium of $1761.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Umialik	$711	$120
State Farm	$783	$132
USAA	$790	$133
Progressive	$1150	$194
Allstate	$1761	$296

Anchorage Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Anchorage AK. For example, the car insurance in Anchorage after a DUI increases to $612 for a six month policy. While the rate increases by $232 for a six-month policy in the case of a speeding ticket.

Anchorage auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1264	$211
Not-at-fault accident	$1272	$217
One comp claim	$1272	$212
One Med/PIP claim	$1272	$217
Two comp claims	$1272	$212
Two Med/PIP claims	$1272	$217
Failure to show documents	$1379	$230
At-fault accident - less than $1000	$1423	$242
Failure to wear a seat belt	$1452	$242
Child safety restraint	$1467	$249
Driving without lights	$1467	$244
Cell phone violation	$1496	$254
Driving too slowly	$1496	$249
In 65 MPH zone	$1496	$254
Speeding 11 - 15 MPH over limit	$1496	$249
Speeding 16 - 20 MPH over limit	$1496	$254
Speeding 6 - 10 MPH over limit	$1496	$249
Speeding in school zone	$1496	$254
Texting while driving	$1496	$249
Driving with expired registration	$1516	$258
Failure to stop at a red light	$1516	$253
Failure to yield	$1516	$258
Following too closely	$1516	$253
Illegal turn	$1516	$258
Improper passing	$1516	$253
Wrong way/wrong lane	$1516	$258
Speeding 21 - 25 MPH over limit	$1545	$258
Passing school bus	$1560	$265
Operating a vehicle without permission	$1574	$263
Open container	$1696	$288
At-fault accident - $1000-$2000	$1725	$288
At-fault accident - greater than $2000	$1725	$293
Driving with a suspended license	$1797	$300
Refusal to submit to a chemical test	$1804	$307
Reckless driving	$1848	$307
DUI	$1876	$319
Racing	$1977	$329
Leaving scene of an accident/hit and run	$1983	$338

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in Anchorage after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Anchorage.

The cheapest car insurance premiums in Anchorage are offered by Umialik at $905 for a six-month policy. However, it can be as expensive as $2458 with companies like Allstate.

Anchorage car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Umialik	$905	$152
Progressive	$1150	$194
USAA	$1624	$273
State Farm	$1753	$295
Allstate	$2458	$414

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Anchorage are offered by Umialik at $762. However, it can be as expensive as $1876 with companies like Allstate for a similar six-month premium.

Cheapest Car Insurance in Anchorage after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Umialik	$762	$128
USAA	$1056	$179
State Farm	$1157	$195
Progressive	$1237	$208
Allstate	$1876	$312

Car Insurance Price Trends in Anchorage, Alaska

Car insurance rates in Anchorage have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Anchorage remained steady at $238 in both February and January, indicating no change over the two month period.

The average cost of liability insurance in the Anchorage remained steady at $56 in both February and January, indicating no change over the two month period.

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Average Car Insurance Cost in Anchorage by ZIP Code

The crime rate, the number of accidents, and the probability of natural calamities all determine the car insurance rates in different neighborhoods in the Anchorage. At $1508 for a six-month policy, insuring your car at 99508 is the cheapest in the city.

Zip Code	Average 6 Mo. Premium	Avg. Monthly Premium
99508	$1508	$254
99519	$1311	$221
99518	$1364	$230
99507	$1508	$254
99515	$1429	$241
99504	$1534	$259
99503	$1377	$232
99517	$1390	$234
99516	$1416	$239
99510	$1311	$221
99502	$1442	$243
99501	$1390	$234

Frequently Asked Questions

How much is car insurance in Anchorage?

The car insurance in Anchorage is $39 per month, which is lower than the national average.

What is the cheapest car insurance in Anchorage?

The cheapest car insurance in Anchorage is $174 per month for full coverage.

How much is car insurance in Anchorage for teenagers?

Car insurance for teenagers costs $1941 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in Anchorage?

The average cost of car insurance is $1084 for a six-month policy. It will cost around $221 per month to insure your car in Anchorage.

Is car insurance expensive in Anchorage?

Car insurance can be expensive in Anchorage if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Anchorage can be affordable.

What is the best car insurance in Anchorage, AK?

The best car insurance company in Anchorage AK is Progressive, offering $1035 for a six-month policy.