Cheapest Car Insurance Quotes in Lake Minchumina

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Lake Minchumina Car Insurance

^$ 31

/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 Lake Minchumina

The car insurance rate in Lake Minchumina is $1048 for a six-month policy, which is $21 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $872, making it a popular choice for budget-conscious drivers. Rates in Lake Minchumina 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 Lake Minchumina

$1048

Avg. Car Insurance in Alaska

$1027

National Average

$1140

Cheapest Car Insurance Companies in Lake Minchumina

1st place: Progressive

At $872 for a six month policy, Progressive offers the cheapest auto insurance rates in the city.

2nd place: USAA

USAA offers auto insurance rates at $927 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 $1006 for six months, making it the third cheapest auto insurance company in Lake Minchumina.

Lake Minchumina Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Lake Minchumina, AK is Progressive, offering policies at just $872 for a six-month term. This is followed by USAA, which has an average six-month premium of $927.

At the higher end of the spectrum, Western National is the most expensive, with rates reaching $758 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Lake Minchumina drivers find the best deals.

Cheap Car Insurance Companies in Lake Minchumina, AK

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Progressive	$872	$147
USAA	$927	$156
State Farm	$1006	$169
Umialik	$1200	$202
Allstate	$1527	$260
Western National	$758	$126

Key Takeaways

Way's key takeaways about car insurance in Lake Minchumina

The auto insurance costs in Lake Minchumina fall around $872 for six months.
The cheapest auto insurance company in Lake Minchumina is USAA.
Teen drivers pay the highest rate in Lake Minchumina at $96 per month.

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Cheapest Minimum Liability Car Insurance in Lake Minchumina

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 Lake Minchumina are given below.

USAA provides the cheapest minimum car insurance coverage in Lake Minchumina. Their Average 6 Month Premium is $182. Western National is the most expensive at $266 for the same period.

Cheapest Liability Coverage in Lake Minchumina, AK

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$182	$31
Progressive	$266	$45
State Farm	$291	$49
Allstate	$303	$51
Umialik	$303	$51
Western National	$266	$45

Cheapest Full Coverage Car Insurance in Lake Minchumina

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 Lake Minchumina is Progressive at $147 per month and $872 for six months.

Cheapest Full Coverage Car Insurance Quotes in Lake Minchumina, AK

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Progressive	$872	$147
USAA	$927	$156
State Farm	$1006	$169
Umialik	$1200	$202
Allstate	$1527	$260
Western National	$758	$126

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Average Car Insurance in Lake Minchumina 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 Lake Minchumina, AK increasing?

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

Car Insurance Premiums by Age in Lake Minchumina

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	$627
30s	USAA	$474
40s	USAA	$439
50s	USAA	$413
60s	USAA	$428
70s	USAA	$525

Cheapest Car Insurance Rates for Teen Drivers in Lake Minchumina,AK

If you are planning to get a car insurance policy for your teenage dependent, State Farm provides the cheapest car insurance in the Lake Minchumina at $211 per month. At $563 for a six-month premium, Western National offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
State Farm	$1255	$211
USAA	$1448	$242
Umialik	$2302	$392
Progressive	$2333	$393
Allstate	$2478	$421
Western National	$563	$96

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 Lake Minchumina.

As young drivers face the highest rates in Lake Minchumina, USAA offers the cheapest auto insurance rates at $627 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 Lake Minchumina, Allstate is the cheapest car insurance provider. At $818 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 Lake Minchumina is Western National, offering rates of around $600 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Allstate	$818	$138
Progressive	$969	$163
Umialik	$987	$166
USAA	$1109	$189
State Farm	$2593	$432
Western National	$600	$100

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Car Insurance Rates with An Accident in Lake Minchumina

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 Lake Minchumina, AK, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Lake Minchumina

The cheapest car insurance companies after an at-fault accident in Lake Minchumina include State Farm and Umialik, offering $509 and $540, respectively. Western National is an expensive provider with an average six-month premium of $266.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
State Farm	$509	$86
Umialik	$540	$91
USAA	$612	$103
Allstate	$952	$160
Progressive	$1024	$172
Western National	$266	$45

Lake Minchumina Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Lake Minchumina AK. For example, the car insurance in Lake Minchumina after a DUI increases to $515 for a six month policy. While the rate increases by $195 for a six-month policy in the case of a speeding ticket.

Lake Minchumina auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1066	$177
Not-at-fault accident	$1072	$183
One comp claim	$1072	$179
One Med/PIP claim	$1072	$183
Two comp claims	$1072	$179
Two Med/PIP claims	$1072	$183
Failure to show documents	$1163	$194
At-fault accident - less than $1000	$1200	$204
Failure to wear a seat belt	$1224	$204
Child safety restraint	$1236	$210
Driving without lights	$1236	$206
Cell phone violation	$1261	$214
Driving too slowly	$1261	$210
In 65 MPH zone	$1261	$214
Speeding 11 - 15 MPH over limit	$1261	$210
Speeding 16 - 20 MPH over limit	$1261	$214
Speeding 6 - 10 MPH over limit	$1261	$210
Speeding in school zone	$1261	$214
Texting while driving	$1261	$210
Driving with expired registration	$1278	$217
Failure to stop at a red light	$1278	$213
Failure to yield	$1278	$217
Following too closely	$1278	$213
Illegal turn	$1278	$217
Improper passing	$1278	$213
Wrong way/wrong lane	$1278	$217
Speeding 21 - 25 MPH over limit	$1303	$217
Passing school bus	$1315	$223
Operating a vehicle without permission	$1327	$221
Open container	$1430	$243
At-fault accident - $1000-$2000	$1455	$243
At-fault accident - greater than $2000	$1455	$247
Driving with a suspended license	$1515	$253
Refusal to submit to a chemical test	$1521	$259
Reckless driving	$1558	$259
DUI	$1581	$269
Racing	$1667	$277
Leaving scene of an accident/hit and run	$1672	$285

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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 Lake Minchumina 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 Lake Minchumina.

The cheapest car insurance premiums in Lake Minchumina are offered by Umialik at $703 for a six-month policy. However, it can be as expensive as $266 with companies like Western National.

Lake Minchumina car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Umialik	$703	$118
Progressive	$993	$167
State Farm	$1200	$202
USAA	$1296	$218
Allstate	$1764	$297
Western National	$266	$45

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 Lake Minchumina are offered by Umialik at $552. However, it can be as expensive as $266 with companies like Western National for a similar six-month premium.

Cheapest Car Insurance in Lake Minchumina after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Umialik	$552	$93
State Farm	$715	$120
USAA	$758	$126
Allstate	$1036	$176
Progressive	$1042	$175
Western National	$266	$45

Car Insurance Price Trends in Lake Minchumina, Alaska

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

The average cost of full coverage in the Lake Minchumina rose by $187 in December compared to $182 of November. In other words, there has been an increase by $5 when you compare December and November.

The average cost of liability insurance in the Lake Minchumina rose to $44 in December, compared to $42 in November. This represents an increase of $2 when comparing December and November.

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Frequently Asked Questions

How much is car insurance in Lake Minchumina?

The car insurance in Lake Minchumina is $31 per month, which is lower than the national average.

What is the cheapest car insurance in Lake Minchumina?

The cheapest car insurance in Lake Minchumina is $147 per month for full coverage.

How much is car insurance in Lake Minchumina for teenagers?

Car insurance for teenagers costs $1255 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 Lake Minchumina?

The average cost of car insurance is $1027 for a six-month policy. It will cost around $176 per month to insure your car in Lake Minchumina.

Is car insurance expensive in Lake Minchumina?

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

What is the best car insurance in Lake Minchumina, AK?

The best car insurance company in Lake Minchumina AK is Progressive, offering $872 for a six-month policy.