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Introduction

For all drivers to drive a car in Alaska, including those who live in Anchorage, they should have a minimum level of auto insurance. The cost of car insurance in Anchorage, Alaska, differs from driver to driver, depending on each driver’s profile. Therefore, Alaska requires you to have proof of insurance on you if you drive a car in Anchorage.

Though the number of drivers in Alaska is less than in other states, the auto insurance rates tend to be higher. The annual average rate of Anchorage is higher than the state average. The main reason for the higher-than-average premiums is that Anchorage is Alaska’s most populous city. Also, the densely populated streets can result in more traffic and a higher risk of accidents.

Therefore, drivers will be looking to buy cheap car insurance in Anchorage. For that, they need to get car insurance quotes from multiple insurers, compare, and then buy one. So, how much is car insurance in Anchorage? How can you find cheap car insurance in Anchorage, Alaska? Our analysis will answer all your queries!

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How Much Does Car Insurance Cost in Anchorage?

The average car insurance premium in Anchorage is $1,513 per year. This insurance rate is higher than the state average of $1,287 but lower than the national average. The annual average cost for car insurance in Anchorage depends on age, credit score, driving record, marital status, and gender. Continue reading to find out more!

Anchorage (annual average) Alaska (annual average) United States
$1,513 $1,287 $1,560

Anchorage Car Insurance Premiums by Company

It is always important to find which insurer provides the lowest insurance quote in your city. With an annual average rate of $1,043, USAA offers the most affordable car insurance in Anchorage. State Farm offers the second-cheapest car insurance quotes in Anchorage. Your insurance premium can vary based on your driving record and the area you live in Anchorage.

Car insurance company Average Annual Rate
USAA $1.043
State Farm $1,310
Allstate $1,706
Progressive $2,226

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Anchorage Car Insurance Premiums by Age Group

Paying an average of $1,289 per year, Anchorage drivers in their 50s have relatively low auto insurance rates. However, the cost of car insurance in Anchorage for drivers in their 60s is slightly higher, at $1,359 per year. Teenage drivers in the city have the highest insurance premium; however, the rate is relatively lesser compared to other cities. The rates start dipping when the drivers reach the twenties.

Age Average Annual Rate
Teens $5,801
20s $2,163
30s $1,482
40s $1,400
50s $1,289
60s $1,359
70s $1,717

Anchorage Car Insurance Premiums By Marital Status/Gender

Your marital status or gender can greatly impact the rate of car insurance in Anchorage. For instance, female drivers in the city pay more than male drivers. Also, like in other states, single drivers in the city pay more insurance premiums than married drivers as they are likely to file more claims. Single drivers also pay more for car insurance in Anchorage than widowed and divorced drivers.

Gender/Marital Status Average Annual Rate
Male $1,513
Female $1,576
Single $1,513
Married $1,359
Widowed $1,511
Divorced $1,443

Anchorage Car Insurance Premiums By Driving Record

Maintain a spotless driving record to keep your auto insurance premiums low. Insurance rate surges when you receive speeding tickets, reckless driving fines, DUIs and DWIs, and at-fault accidents. Reckless driving and DUI are two of the most expensive citations that increase the cost of car insurance in Anchorage.

Citation/Offense Average Annual Rate
Reckless Driving $2,144
DUI/DWI $2,108
Speeding Ticket $1,851
At-Fault Accident (damages < $,1000) $2,054
At-Fault Accident (damages < $2,000) $2,228

Anchorage Car Insurance Premiums By Credit Rating

The credit score of a driver has a strong connection with their auto insurance prices. Drivers who better their credit score from the ‘Very Poor’ category (300-579) to the ‘Exceptional’ category (800-850) get a nearly 53 percent reduction in the cost of car insurance in Anchorage. So, keep improving your credit score to lower car insurance premiums.

Credit Rating Average Annual Rate
Very Poor $2,720
Fair $1,787
Good $1,513
Very Good $1,413
Exceptional $1,276

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Anchorage Car Insurance Premiums By Zip Code

Apart from your credit score and driving record, where you live is one of the most important factors determining the rate of car insurance in Anchorage. Because theft, crime, and uninsured drivers differ by ZIP code. Suppose you reside in an area where people don’t get along. In that case, insurers may consider you a high risk to cover, which means your premiums may be higher than those of a neighbor down the street.

Here are some of the car insurance rates in Anchorage based on the ZIP Code.

ZIP Code Average Rate
99508 $991
99507 $992
99504 $1,007

Auto Theft Statistics In Anchorage

Anchorage is Alaska’s largest and most densely populated city. One thing that worries the residents is that Anchorage’s auto theft rate is substantially higher than the national average. In 2019, the theft rate in Anchorage was around 5.32 per 1,000 persons. But the auto theft rate across the country was nearly 2.2 per 1,000 persons.

As a result, your auto insurance rate can surge if the car theft rate in your location is high. The comprehensive coverage rate may also go high, covering the cost of replacing your car if it gets stolen.

Useful Info For Driving In Anchorage

Since Anchorage is the most densely populated city in Alaska, it may not always be easy to drive around. However, here are some tips that will help you get around the city.

People Mover, Anchorage’s bus system, features a downtown hub and satellite hubs at Dimond Center and Muldoon Mall. The People Mover also provides carpooling services. Anchor Rides is a public paratransit service that serves the elderly and people with restricted mobility with point-to-point accessible transportation.

Car Insurance Companies In Anchorage

Are you looking for cheap car insurance in Anchorage, Alaska? Many insurers offer affordable auto insurance policies with ample coverages and discounts. Our skilled agents can explain the state’s most complicated laws, insurance terms, coverages, and discounts and get you the best car insurance quotes in Anchorage. Below listed are some insurers that provide the best car insurance in Anchorage.

Insurers
The General
Allstate
State Farm
Liberty Mutual
Country Financial
USAA
Progressive

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

FAQ

Is car insurance in Anchorage, Alaska, expensive?

Yes. The car insurance rate in Anchorage is higher than the state average. In addition, the insurance rate can surge as the city has a high auto theft rate and more uninsured drivers.

How much is car insurance in Anchorage, Alaska?

The average car insurance rate in Anchorage costs you $1,513 per year. This rate is more than the state average of $1,287 per year but lower than the national average.

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Learn more by city and state for car insurance




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