Cheapest Car Insurance Quotes in Anchorage

Finding the cheapest car insurance quotes in Anchorage shouldn't be a guessing game. That's why our licensed insurance experts do the heavy lifting for you, analyzing rates from dozens of top companies to find you the best deal.
We believe in making things clear and simple. Our experts compare coverage options and find every possible discount, so you can see your best options side-by-side. It’s fast, free, and designed to save you a ton.

Enter your zip code to get personalized rates.

Featured in

401,895 Policies Sold

Anchorage Car Insurance

^$ 36

/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 $1301 for a six-month policy, which is $217 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $1026, 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

$1301

Avg. Car Insurance in Alaska

$1084

National Average

$1140

Cheapest Car Insurance Companies in Anchorage

1st place: Progressive

At $1026 for a six month policy, Progressive offers the cheapest auto insurance rates in the city.

2nd place: USAA

USAA offers auto insurance rates at $1091 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 $1183 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 $1026 for a six-month term. This is followed by USAA, which has an average six-month premium of $1091.

At the higher end of the spectrum, Allstate is the most expensive, with rates reaching $1796 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	$1026	$173
USAA	$1091	$184
State Farm	$1183	$199
Umialik	$1411	$238
Allstate	$1796	$306

Key Takeaways

Way's key takeaways about car insurance in Anchorage

The auto insurance costs in Anchorage fall around $1026 for six months.
The cheapest auto insurance company in Anchorage is USAA.
Teen drivers pay the highest rate in Anchorage at $496 per month.

High Rates Shouldn’t Drive You Out of Pocket.

Save up to $971/yr with our auto insurance quotes

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 $214. Umialik is the most expensive at $356 for the same period.

Cheapest Liability Coverage in Anchorage, AK

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$214	$36
Progressive	$313	$53
State Farm	$342	$58
Allstate	$356	$60
Umialik	$356	$60

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 $173 per month and $1026 for six months.

Cheapest Full Coverage Car Insurance Quotes in Anchorage, AK

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Progressive	$1026	$173
USAA	$1091	$184
State Farm	$1183	$199
Umialik	$1411	$238
Allstate	$1796	$306

Don't Let Hidden Costs Drive You Crazy

Get Your Car Insurance Quote in Anchorage Instantly!

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	$516
50s	USAA	$486
60s	USAA	$504
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, State Farm provides the cheapest car insurance in the Anchorage at $248 per month. At $2915 for a six-month premium, Allstate offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
State Farm	$1476	$248
USAA	$1704	$284
Umialik	$2708	$461
Progressive	$2744	$462
Allstate	$2915	$496

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, Allstate is the cheapest car insurance provider. At $962 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 $3050 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Allstate	$962	$162
Progressive	$1140	$192
Umialik	$1162	$196
USAA	$1304	$222
State Farm	$3050	$509

Escape the Trap of Rising Insurance Costs.

Save up to $971/yr on car insurance rates in Anchorage.

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 State Farm and Umialik, offering $599 and $635, respectively. Progressive is an expensive provider with an average six-month premium of $1205.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
State Farm	$599	$101
Umialik	$635	$107
USAA	$720	$121
Allstate	$1120	$188
Progressive	$1205	$203

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 $606 for a six month policy. While the rate increases by $229 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	$1254	$209
Not-at-fault accident	$1261	$215
One comp claim	$1261	$210
One Med/PIP claim	$1261	$215
Two comp claims	$1261	$210
Two Med/PIP claims	$1261	$215
Failure to show documents	$1368	$228
At-fault accident - less than $1000	$1411	$240
Failure to wear a seat belt	$1440	$240
Child safety restraint	$1454	$247
Driving without lights	$1454	$242
Cell phone violation	$1483	$252
Driving too slowly	$1483	$247
In 65 MPH zone	$1483	$252
Speeding 11 - 15 MPH over limit	$1483	$247
Speeding 16 - 20 MPH over limit	$1483	$252
Speeding 6 - 10 MPH over limit	$1483	$247
Speeding in school zone	$1483	$252
Texting while driving	$1483	$247
Driving with expired registration	$1504	$256
Failure to stop at a red light	$1504	$251
Failure to yield	$1504	$256
Following too closely	$1504	$251
Illegal turn	$1504	$256
Improper passing	$1504	$251
Wrong way/wrong lane	$1504	$256
Speeding 21 - 25 MPH over limit	$1532	$256
Passing school bus	$1547	$263
Operating a vehicle without permission	$1561	$260
Open container	$1682	$286
At-fault accident - $1000-$2000	$1711	$286
At-fault accident - greater than $2000	$1711	$290
Driving with a suspended license	$1782	$298
Refusal to submit to a chemical test	$1789	$305
Reckless driving	$1832	$305
DUI	$1860	$317
Racing	$1961	$326
Leaving scene of an accident/hit and run	$1967	$335

Your Wallet Deserves Better. Seriously.

Get smarter car insurance rates in minutes today!

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 $827 for a six-month policy. However, it can be as expensive as $2075 with companies like Allstate.

Anchorage car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Umialik	$827	$139
Progressive	$1169	$197
State Farm	$1411	$238
USAA	$1525	$257
Allstate	$2075	$349

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 $649. However, it can be as expensive as $1226 with companies like Progressive for a similar six-month premium.

Cheapest Car Insurance in Anchorage after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Umialik	$649	$109
State Farm	$841	$142
USAA	$892	$149
Allstate	$1219	$208
Progressive	$1226	$206

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 $220 in both January and December, indicating no change over the two month period.

The average cost of liability insurance in the Anchorage remained steady at $52 in both January and December, indicating no change over the two month period.

Our Insurance Agent Experts

Wilson Mathew Nechikat

Principal

View Profile

Anthony Luu

Senior Director of Insurance Operations

View Profile

Ezra Peterson

Senior Director of Insurance

View Profile

Danny Herrera

Head of Commercial Insurance

View Profile

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 $1495 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	$1495	$252
99519	$1300	$219
99518	$1352	$228
99507	$1495	$252
99515	$1417	$239
99504	$1521	$256
99503	$1365	$230
99517	$1378	$232
99516	$1404	$237
99510	$1300	$219
99502	$1430	$241
99501	$1378	$232

Frequently Asked Questions

How much is car insurance in Anchorage?

The car insurance in Anchorage is $36 per month, which is lower than the national average.

What is the cheapest car insurance in Anchorage?

The cheapest car insurance in Anchorage is $173 per month for full coverage.

How much is car insurance in Anchorage for teenagers?

Car insurance for teenagers costs $1476 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 $220 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 $1026 for a six-month policy.