Cheapest Car Insurance Quotes in Farmers Loop

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Farmers Loop 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 Farmers Loop

The car insurance rate in Farmers Loop is $1203 for a six-month policy, which is $119 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $949, making it a popular choice for budget-conscious drivers. Rates in Farmers Loop 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 Farmers Loop

$1203

Avg. Car Insurance in Alaska

$1084

National Average

$1278

Cheapest Car Insurance Companies in Farmers Loop

1st place: Progressive

At $949 for a six month policy, Progressive offers the cheapest auto insurance rates in the city.

2nd place: USAA

USAA offers auto insurance rates at $1009 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 $1094 for six months, making it the third cheapest auto insurance company in Farmers Loop.

Farmers Loop Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Farmers Loop, AK is Progressive, offering policies at just $949 for a six-month term. This is followed by USAA, which has an average six-month premium of $1009.

At the higher end of the spectrum, Allstate is the most expensive, with rates reaching $1662 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Farmers Loop drivers find the best deals.

Cheap Car Insurance Companies in Farmers Loop, AK

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Progressive	$949	$160
USAA	$1009	$170
State Farm	$1094	$184
Umialik	$1305	$220
Allstate	$1662	$283

Key Takeaways

Way's key takeaways about car insurance in Farmers Loop

The auto insurance costs in Farmers Loop fall around $949 for six months.
The cheapest auto insurance company in Farmers Loop is USAA.
Teen drivers pay the highest rate in Farmers Loop at $676 per month.

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Cheapest Minimum Liability Car Insurance in Farmers Loop

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 Farmers Loop are given below.

USAA provides the cheapest minimum car insurance coverage in Farmers Loop. Their Average 6 Month Premium is $211. Allstate is the most expensive at $363 for the same period.

Cheapest Liability Coverage in Farmers Loop, AK

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$211	$36
Progressive	$310	$52
State Farm	$350	$59
Umialik	$350	$59
Allstate	$363	$61

Cheapest Full Coverage Car Insurance in Farmers Loop

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 Farmers Loop is Progressive at $160 per month and $949 for six months.

Cheapest Full Coverage Car Insurance Quotes in Farmers Loop, AK

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Progressive	$949	$160
USAA	$1009	$170
State Farm	$1094	$184
Umialik	$1305	$220
Allstate	$1662	$283

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Average Car Insurance in Farmers Loop 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 Farmers Loop, AK increasing?

Despite maintaining a clean driving record, your car insurance rates in Farmers Loop, 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, Farmers Loop's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Farmers Loop

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	$677
30s	USAA	$512
40s	USAA	$473
50s	USAA	$446
60s	USAA	$463
70s	USAA	$567

Cheapest Car Insurance Rates for Teen Drivers in Farmers Loop,AK

If you are planning to get a car insurance policy for your teenage dependent, USAA provides the cheapest car insurance in the Farmers Loop at $303 per month. At $3976 for a six-month premium, Allstate offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$1780	$303
Progressive	$1800	$303
State Farm	$2050	$345
Umialik	$2934	$490
Allstate	$3976	$676

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 Farmers Loop.

As young drivers face the highest rates in Farmers Loop, USAA offers the cheapest auto insurance rates at $677 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 Farmers Loop, Progressive is the cheapest car insurance provider. At $976 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 Farmers Loop is State Farm, offering rates of around $4424 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Progressive	$976	$164
Allstate	$1213	$204
Umialik	$1227	$206
USAA	$1352	$230
State Farm	$4424	$737

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Car Insurance Rates with An Accident in Farmers Loop

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 Farmers Loop, AK, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Farmers Loop

The cheapest car insurance companies after an at-fault accident in Farmers Loop include Umialik and State Farm, offering $653 and $718, respectively. Allstate is an expensive provider with an average six-month premium of $1615.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Umialik	$653	$110
State Farm	$718	$121
USAA	$725	$122
Progressive	$1055	$178
Allstate	$1615	$272

Farmers Loop Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Farmers Loop AK. For example, the car insurance in Farmers Loop after a DUI increases to $561 for a six month policy. While the rate increases by $212 for a six-month policy in the case of a speeding ticket.

Farmers Loop auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1160	$193
Not-at-fault accident	$1167	$199
One comp claim	$1167	$194
One Med/PIP claim	$1167	$199
Two comp claims	$1167	$194
Two Med/PIP claims	$1167	$199
Failure to show documents	$1265	$211
At-fault accident - less than $1000	$1305	$222
Failure to wear a seat belt	$1332	$222
Child safety restraint	$1345	$229
Driving without lights	$1345	$224
Cell phone violation	$1372	$233
Driving too slowly	$1372	$229
In 65 MPH zone	$1372	$233
Speeding 11 - 15 MPH over limit	$1372	$229
Speeding 16 - 20 MPH over limit	$1372	$233
Speeding 6 - 10 MPH over limit	$1372	$229
Speeding in school zone	$1372	$233
Texting while driving	$1372	$229
Driving with expired registration	$1391	$236
Failure to stop at a red light	$1391	$232
Failure to yield	$1391	$236
Following too closely	$1391	$232
Illegal turn	$1391	$236
Improper passing	$1391	$232
Wrong way/wrong lane	$1391	$236
Speeding 21 - 25 MPH over limit	$1417	$236
Passing school bus	$1431	$243
Operating a vehicle without permission	$1444	$241
Open container	$1556	$264
At-fault accident - $1000-$2000	$1583	$264
At-fault accident - greater than $2000	$1583	$269
Driving with a suspended license	$1648	$275
Refusal to submit to a chemical test	$1655	$282
Reckless driving	$1695	$282
DUI	$1721	$293
Racing	$1814	$302
Leaving scene of an accident/hit and run	$1819	$310

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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 Farmers Loop 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 Farmers Loop.

The cheapest car insurance premiums in Farmers Loop are offered by Umialik at $830 for a six-month policy. However, it can be as expensive as $2254 with companies like Allstate.

Farmers Loop car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Umialik	$830	$140
Progressive	$1055	$178
USAA	$1490	$251
State Farm	$1608	$271
Allstate	$2254	$380

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 Farmers Loop are offered by Umialik at $699. However, it can be as expensive as $1721 with companies like Allstate for a similar six-month premium.

Cheapest Car Insurance in Farmers Loop after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Umialik	$699	$118
USAA	$969	$164
State Farm	$1061	$179
Progressive	$1134	$191
Allstate	$1721	$286

Car Insurance Price Trends in Farmers Loop, Alaska

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

The average cost of full coverage in the Farmers Loop rose by $219 in January compared to $203 of December. In other words, there has been an increase by $16 when you compare January and December.

The average cost of liability insurance in the Farmers Loop rose to $51 in January, compared to $48 in December. This represents an increase of $3 when comparing January and December.

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Frequently Asked Questions

How much is car insurance in Farmers Loop?

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

What is the cheapest car insurance in Farmers Loop?

The cheapest car insurance in Farmers Loop is $160 per month for full coverage.

How much is car insurance in Farmers Loop for teenagers?

Car insurance for teenagers costs $1780 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 Farmers Loop?

The average cost of car insurance is $1084 for a six-month policy. It will cost around $203 per month to insure your car in Farmers Loop.

Is car insurance expensive in Farmers Loop?

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

What is the best car insurance in Farmers Loop, AK?

The best car insurance company in Farmers Loop AK is Progressive, offering $949 for a six-month policy.