Who Has the Cheapest Car Insurance Quotes in Alaska?
Who Has the Cheapest Car Insurance Quotes in Alaska?
State Farm has the most affordable car insurance quotes among top auto insurance companies in Alaska. Drivers pay an average of $359 a year, or $30 a month, for minimum coverage.
Compare quotes from multiple companies to be sure you're getting a good deal. Alaska drivers could save hundreds of dollars by switching to a cheaper car insurance company.
Cheapest car insurance in Alaska: State Farm
State Farm offers Alaska drivers the best rates for minimum liability insurance. The company quoted an average annual premium of $359. That makes State Farm's rates 27% cheaper than average.
The average cost of car insurance in Alaska is $492 per year, or $41 per month, for minimum liability coverage.
Find Cheap Auto Insurance Quotes in Alaska
However, if you're in the military or part of a military family, you qualify for even cheaper car insurance from USAA. Minimum coverage from USAA costs $64 less per year than State Farm, and 40% less than the state average.
Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $359 | $30 |
| Allstate | $425 | $35 |
| Geico | $470 | $39 |
| Umialik | $487 | $41 |
| Progressive | $915 | $76 |
| USAA | $297 | $25 |
USAA is excluded from rankings because it is only available to current and former military members and their families.
Be aware that minimum liability policies, though very affordable, only cover damage to other drivers and their cars. This could leave you responsible for repairs to your own vehicle after an accident. If your car is worth more than a few thousand dollars, it's typically worth the cost of adding collision and comprehensive coverages to your policy.
Cheapest full-coverage quotes in Alaska: State Farm
Full-coverage car insurance in Alaska costs an average $1,433 per year, or $119 per month. State Farm's rates are the cheapest, at $1,002 per year, or 30% less than the state average.
Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,002 | $84 |
| Umialik | $1,376 | $115 |
| Geico | $1,456 | $121 |
| Progressive | $1,865 | $155 |
| Allstate | $1,924 | $160 |
| USAA | $974 | $81 |
USAA is only available to current and former military members and their families.
Drivers with a car loan or lease are typically required by their lenders to get full coverage. Given that full-coverage car insurance in Alaska costs nearly double what minimum coverage costs, drivers may balk at the high price tag. However, full-coverage car insurance takes care of repairs to your own car, whether those repairs result from a collision or from an incident out of your control, such as damage from the weather or an animal.
Cheap car insurance quotes for drivers with prior incidents
Auto insurance usually costs more for drivers with a ticket or accident on their record because insurers see previous incidents as a sign of increased risk. State Farm has the cheapest rates for drivers who have a past ticket or accident on their driving record, while Umialik has the cheapest rates for drivers after a DUI.
Find Cheap Auto Insurance Quotes in Alaska
Cheapest car insurance after a speeding ticket: State Farm
The best quotes for drivers with a speeding ticket come from State Farm. The average cost of insurance for Alaskans who have a citation for speeding is $1,654 per year, but State Farm charges $558 less.
Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,096 | $91 |
| Umialik | $1,376 | $115 |
| Geico | $1,613 | $134 |
| Progressive | $2,288 | $191 |
| Allstate | $2,297 | $191 |
| USAA | $1,257 | $105 |
*USAA is only available to current and former military members and their families.
While at-fault accidents may raise your rates by 38%, speeding tickets raise your rates by just 15% in Alaska because a ticket is seen as a far less serious risk to insurers.
Cheapest car insurance after an accident: State Farm
We recommend that Alaska drivers with an at-fault accident on their records start their search with State Farm. Quotes from the top insurers in Alaska average $1,984 per year, but State Farm charges almost $800 less — just $1,189 per year, or $99 per month.
For drivers who prefer to work with a local insurer, Umialik is a good choice. Annual rates are $1,376, which breaks down to just about $16 more per month than State Farm.
Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,189 | $99 |
| Umialik | $1,376 | $115 |
| Geico | $2,333 | $194 |
| Progressive | $2,744 | $229 |
| Allstate | $2,861 | $238 |
| USAA | $1,401 | $117 |
USAA is only available to current and former military members and their families.
Expect your car insurance rates to go up by 38% after an at-fault accident. Insurers increase rates because drivers who have been in one accident are statistically more likely to get into accidents again in the future. But your rates may go down if you keep a clean driving record until the accident drops off your driving record, typically after three to five years.
Cheapest car insurance after a DUI: Umialik
Alaska drivers who have been caught driving under the influence pay premiums that are 69% higher than drivers with clean records. Check out local Alaska insurer Umialik if you're looking for affordable insurance with a DUI on your record. Umialik's rates are 43% more affordable than average, coming out to $1,376 a year, or $115 a month.
Company | Annual rate | Monthly rate |
|---|---|---|
| Umialik | $1,376 | $115 |
| Progressive | $2,114 | $176 |
| State Farm | $2,684 | $224 |
| Allstate | $2,731 | $228 |
| Geico | $3,855 | $321 |
| USAA | $1,805 | $150 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for drivers with poor credit: Geico
At $1,613 annually, Geico offers the best rates for drivers with poor credit, so we recommend getting quotes from the provider if you have a lower-than-average credit score.
Because insurance companies correlate poor credit with a higher risk of filing claims, you'll have higher car insurance rates if you have a poor credit score in most states. In Alaska, we found that car insurance costs 38% more for drivers with poor credit than for drivers with average credit.
Company | Annual rate | Monthly rate |
|---|---|---|
| Geico | $1,613 | $134 |
| State Farm | $1,721 | $143 |
| Umialik | $2,004 | $167 |
| Allstate | $2,368 | $197 |
| Progressive | $2,492 | $208 |
| USAA | $1,637 | $136 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for married drivers: State Farm
If you're married, your best discount could be from State Farm, as the company's rates are $328 cheaper than the state average for married drivers.
Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,002 | $84 |
| Umialik | $1,376 | $115 |
| Geico | $1,386 | $116 |
| Progressive | $1,574 | $131 |
| Allstate | $1,770 | $148 |
| USAA | $869 | $72 |
USAA is only available to current and former military members and their families.
Insurers offer cheaper quotes to married drivers because married drivers statistically get into fewer accidents. Married drivers in Alaska save $103 per year on car insurance compared to their single peers.
Cheapest car insurance for young drivers in Alaska: Allstate
Allstate offered the cheapest minimum coverage annual premiums we found for an 18-year-old. Rates came in at 37% less than the state average, costing $952 a year, or $79 a month.
Young drivers in Alaska pay $552 more per year more for minimum-coverage car insurance than adult drivers do. Average rates are $1,515 per year, or $126 per month.
Company | Minimum coverage | Full coverage |
|---|---|---|
| Allstate | $952 | $5,157 |
| Umialik | $1,184 | $3,035 |
| State Farm | $1,242 | $3,161 |
| Geico | $1,533 | $4,306 |
| Progressive | $3,414 | $7,405 |
| USAA | $764 | $2,296 |
USAA is only available to current and former military members and their families.
While we generally recommend full coverage to young drivers, minimum coverage can be a cheaper, smarter choice if your car is worth less than the annual premium for a full-coverage policy, which is roughly $4,000 a year in Alaska. Umialik came in first for the cheapest quotes for full-coverage policies, at $3,035 a year.
Cheapest quotes for young drivers after an accident: Umialik
After an accident, young Alaska drivers can find the best rates with local insurer Umialik. The company does not raise rates after a single accident, so the rates we found are $1,184 per year, or $99 per month, for minimum coverage.
Overall, young drivers only pay slightly higher rates after an accident. Annual rates for an 18-year-old driver went up by 19% after an accident.
Company | Annual rate | Monthly rate |
|---|---|---|
| Umialik | $1,184 | $99 |
| State Farm | $1,517 | $126 |
| Allstate | $1,552 | $129 |
| Geico | $1,892 | $158 |
| Progressive | $3,772 | $314 |
| USAA | $916 | $76 |
USAA is only available to current and former military members and their families.
Cheapest for young drivers with one speeding ticket: Umialik
Umialik again provided the cheapest rates for young drivers after an incident on the road. The company charges $1,184 per year after a speeding ticket, which is 28% less than the state average of $1,637 per year.
We found that insurers raise rates by about 8% after young Alaska drivers get a speeding ticket.
Company | Annual rate | Monthly rate |
|---|---|---|
| Umialik | $1,184 | $99 |
| Allstate | $1,192 | $99 |
| State Farm | $1,379 | $115 |
| Geico | $1,699 | $142 |
| Progressive | $3,481 | $290 |
| USAA | $886 | $74 |
USAA is only available to current and former military members and their families.
Best car insurance companies in Alaska
We analyzed factors such as customer service, coverage options and cost to identify our top picks for Alaska insurers. Consider going with Geico or State Farm if you're not eligible for USAA membership. Both Geico and State Farm offer strong customer service and some of the cheapest quotes for Alaska drivers.
Company |
Editor's rating
|
JD Power
|
AM Best
|
|---|---|---|---|
| State Farm | 818 | A++ | |
| Geico | 828 | A++ | |
| Progressive | 819 | A+ | |
| Allstate | 803 | A+ | |
| Umialik | NR | NR | A+ |
| USAA | 870 | A++ |
All of the companies in our study received a Financial Strength Rating from AM Best of at least A+. This high mark means that AM Best believes these insurers have a "Superior" ability to pay out claims.
Average cost of car insurance quotes in Alaska by city
Anchorage, the most populous city in Alaska, has the highest rates, at $1,695 annually, while the city of Douglas has the lowest rates, at $1,161 per year.
When calculating your rates, insurers take where you live into consideration, as well as your driving history and credit score. In Alaska, your location can cause your premiums to vary by as much as $534 each year.
City | Average annual rate | Percent from average |
|---|---|---|
| Adak | $1,453 | 1% |
| Akiachak | $1,447 | 1% |
| Akiak | $1,456 | 2% |
| Akutan | $1,432 | 0% |
| Alakanuk | $1,430 | 0% |
Minimum requirements for auto insurance coverage in Alaska
Alaska auto insurance policies must include a state-mandated minimum amount of liability coverage. Bodily injury liability coverage pays for injuries to the other driver, while property damage liability coverage pays to repair the other driver's damaged car or property after an accident.
The coverage limits for a minimum policy in Alaska are commonly written as 50/100/25.
Coverage | Limits |
|---|---|
| Bodily injury (BI) | $50,000 per person/$100,000 per accident |
| Property damage (PD) | $25,000 per accident |
Recap of the cheapest car insurance in Alaska
- Minimum coverage: State Farm
- Full coverage: State Farm
- After an at-fault accident: State Farm
- After a speeding ticket: State Farm
- After a DUI: Umialik
- Poor credit history: Geico
- Married drivers: State Farm
- Young drivers: Allstate
- Young drivers after a ticket: Umialik
- Young drivers after an accident: Umialik
Frequently asked questions about Alaska car insurance quotes
How much is car insurance in Alaska?
The average price of minimum-coverage auto insurance in Alaska is $41 per month, or $492 per year. Full coverage is $1,433 per year.
Is car insurance in Alaska expensive?
Car insurance in Alaska is relatively cheap. The average cost for a minimum coverage policy is $591 per year, which makes Alaska the 11th cheapest state for auto insurance. Car insurance is cheaper in Alaska in part due to the low population density and lack of congested cities.
Who has the cheapest car insurance in Alaska?
State Farm offers the cheapest full-coverage insurance in Alaska, at $1,002 per year, and the cheapest minimum coverage, at $359 per year.
How much auto insurance do I need in Alaska?
Drivers in Alaska are required to carry $50,000 in bodily injury coverage per person and $100,000 per accident, along with $25,000 in property damage coverage per accident.
Methodology
We collected thousands of rates from ZIP codes across Alaska from the state's largest insurers for a driver with the following profile:
- 30-year-old man
- Drives a 2015 Honda Civic EX
- Average credit
For our minimum-coverage policy, we quoted a policy with the minimum required limits in Alaska. The base policy for the study was a full-coverage policy with coverage above the minimum required limits:
Coverage | Limits |
|---|---|
| Bodily injury | $50,000 per person/$100,000 per accident |
| Personal injury protection | $10,000 |
| Property damage | $25,000 per accident |
| Uninsured/underinsured motorist bodily injury | $50,000 per person/$100,000 per accident |
| Comprehensive and collision | $500 deductible |
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.