Auto Insurance Basics

Who Has the Cheapest Auto Insurance Quotes in Alaska?

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We studied auto insurance quotes in the Last Frontier for a thirty year old single male driver to find the cheapest car insurance companies in Alaska. Where a driver lives and which insurer they purchase a policy from greatly impacts their auto insurance rates, we found. Our sample driver's rates averaged to $773 a year, but rates varied from $435 from the cheapest insurer to $1,339 on the high end. This wide range, where the priciest insurer costs over $900 more than or 3x the cheapest, is why drivers should compare at least three quotes if they want to get affordable rates for their coverage. Enter your zip code in the tool above to get started with a list of insurers active in your neighborhood.

Cheapest Auto Insurance in Alaska

We analyzed quotes from twelve different carriers to find the cheapest auto insurance for our sample scenario, a thirty year old single male driver with a 2011 Toyota Camry insured for liability coverage of 50/100/25. Here are the five carriers with the best car insurance rates in Alaska for our scenario compared to statewide average annual rate of $773.

This graph shows which companies people may find the cheapest auto insurance quotes in Alaska

Find the Cheapest Auto Insurance Quotes in Your Area

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For our sample driver, the five cheapest insurers were United Services, USAA, GEICO, 21st Century, and State Farm. These five companies charged an average annual rate of $563, compared to the state average of $773. The second cheapest insurer, USAA, only offers insurance to members of the American military, veterans, and their families. However, there are other low cost providers to choose from if drivers do not meet USAA requirements. In addition to the remaining four, Liberty Mutual rounds out the five carriers with the best rates for insuring our sample driver’s vehicle, with an average annual rate of $760.

The Most Expensive Auto Insurance Companies in Alaska

The most expensive companies in Alaska were Teachers Insurance, Amica, and Safeco. The average annual premium for these three insurers is $1,108, almost $335 difference from the state average for our sample driver. These premiums are derived from many factors such as the car he drives, driving record and age so these numbers do not apply to every driver.

Car Insurance Companies in Alaska

Here is a table that ranks the 12 car insurance companies in Alaska that were used in this study:

CompanyYearly Rate
United Services$435
USAA$485
GEICO$545
21st Century$667
State Farm$681
Liberty Mutual$760
Country Mutual$767
Allstate$799
Progressive$810
Safeco$918
Amica$1,068
Teachers Insurance Company$1,339

Cheapest Car Insurance in Alaska: by City

We looked at some of the largest cities in Alaska and broke down the cost of auto insurance by city to find the cheapest auto insurers based on where drivers live in the state. Even if drivers have the most amount of car insurance coverage and live in the most expensive city, some companies can offer the same coverages for substantially less. Below are the three carriers with the best auto insurance rates for each location.

CityCompanyYearly Rate
AnchorageUnited Services$428
USAA$517
GEICO$595
BethelUnited Services$447
USAA$494
GEICO$543
FairbanksUnited Services$482
USAA$506
GEICO$569
FairbanksLiberty Mutual$569
United Services$355
USAA$394
JuneauGEICO$425
Liberty Mutual$425
United Services$445
KenaiUSAA$491
GEICO$543
Liberty Mutual$543
NomeUnited Services$447
USAA$494
GEICO$543
NomeLiberty Mutual$543
United Services$439
USAA$502
WasillaGEICO$595
Liberty Mutual$595

Anchorage, AK

Anchorage is the most populated city in Alaska by a landslide, and also one of the most expensive cities in Alaska when it comes to insuring a vehicle. Its estimated 300,000 residents can enjoy the perks of living in close proximity to nature through the various gardens in Anchorage, while benefitting from a city lifestyle. The city’s average annual rate for our sample drivers is $896, a 16% or almost $123 premium compared to the state average. However, if drivers insure with one of the cheapest auto insurance companies in Anchorage (United Services, USAA, GEICO, 21st Century, and State Farm), they might be able to save. Our sample driver paid an annual average premium of $563 at the three companies, saving them $210 a year versus the citywide mean.

Fairbanks, AK

The largest city in Alaska based on size, Fairbanks is home to only 32,000 residents - significantly lower than the population of Anchorage. Our sample driver living in Fairbanks paid an average annual rate of $780 on car insurance. If drivers are looking to get the most bang for their buck, they should included the lowest priced insurers in Fairbanks when they're getting quotes. USAA, United Services, GEICO, and Liberty Mutual have the four best car insurance rates in Fairbanks.

Juneau, AK

The most affordable insurers in the capital of Alaska are Liberty Mutual, United Services, and GEICO. Our sample driver paid around $660 on average, which ranked Juneau with the lowest car insurance rates out of all the cities in our analysis. If the sample driver chooses to insure with one of the cheapest companies, they could pay over $100 less than the state average. Fun transportation fact about Juneau: roads here are separated from the rest of the roads in Alaska and vehicles looking to go Haines or Skagway need to take a ferry to get to the other side.

Cost of Car Insurance in Alaska: by City

Below are the cities included in our study of the cost of auto insurance in Alaska. The graph ranks the locations from the lowest costs, to the most expensive using the average of our four driver scenarios as a benchmark. We've also provided a table with the cities arrayed in alphabetical order for readers' reference.

In this chart, we rank the cost of car insurance in Alaska by city.
Rank City Average Annual Rates Change vs. State Average
Alaska Average $773
1 Juneau $660 -17%
2 Nome $732 -4%
3 Kenai $739 -5%
4 Wasilla $778 1%
5 Fairbanks $780 1%
6 Bethel $799 3%
7 Anchorage $896 14%

Best Car Insurance Companies in Alaska

To find the best auto insurance companies in the state, we calculated the complaint index for some of the most popular carriers in Alaska. By comparing a company’s complaints and its amount of premiums to the Alaska car insurance industry’s complaints to premium ratio, we can determine how well a company is performing compared to its competitors. An index of 1 is average, so the lower the number, the happier drivers are with their insurer’s service.

Car Insurance Company Written Premiums Complaint Index
State Farm $122,425,453 0
Progressive 47,115,979 0
Safeco 13,993,788 0
Country Financial Insurance 12,687,513 0
Hartford 12,239,589 0
21st Century 5,967,443 0
Liberty Mutual 951,531 0
MetLife 655,847 0
Foremost 599,337 0
Amica 454,543 0
National General 448,054 0
Markel Insurance 154,977 0
GEICO 80,517,722 0.93
Allstate 63,564,881 1.17
USAA 76,785,248 2.91
Horace Mann 6,217,879 5.99
Umialik Insurance Company 2,112,694 17.64

Minimum Auto Insurance Requirements in Alaska

In Alaska, the minimum amounts of liability insurance are $50,000/$100,000 for bodily injury or death and $25,000 for property damage. Anyone who owns a car that is registered in Alaska is required to carry at least the minimum insurance.

Our sample drivers follow these requirements and also have an uninsured/underinsured motorist coverages, medical payments, and both comprehensive and collision coverages.

Coverage Type Alaska Minimum Limits Study Limits
Bodily Injury Liability $50,000 per person/ $100,000 per accident $50,000 per person/$100,000 per accident
Property Damage $25,000 $25,000
Uninsured/ Underinsured Coverage Optional $50,000 per person/ $100,000 per accident
Medical Payments  Optional $5,000
Comprehensive and Collision Optional $500 Deductibles

Methodology

In our analysis, we got quotes for our profiled driver, a thirty year old single male, who drove a 2011 Toyota Camry all-wheel drive with 4 doors and had the same liability coverages of 50/100/25.

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