The Best and Cheapest Home Insurance Companies in Alaska (2026)
Umialik sells the cheapest home insurance in Alaska, at an average of $948 per year for $350,000 in dwelling coverage. | ||
In Alaska, home insurance costs $1,361/yr, on average. It's the eighth-cheapest rate in the country. | ||
In Anchorage, homeowners pay an average of $1,237/yr for $350,000 in dwelling coverage, which is about 9% cheaper than the state average. |
Find Cheap Home Insurance Quotes in Alaska
Who sells the best cheap home insurance in Alaska?
What company has the cheapest home insurance in Alaska?
Umialik has the cheapest rate for home insurance in Alaska, at $948 per year for $350,000 in dwelling coverage.
Find Cheap Home Insurance Quotes in Alaska
- Umialik has the cheapest average rates in Alaska regardless of dwelling coverage limit.
- Country Financial also tends to be cheap and has good coverage options. That includes the option to add earthquake coverage, which is especially important for homeowners in Alaska.
- USAA is also a cheap option, but you can only get a policy from USAA if you're a military member, veteran or qualifying family member.
Best cheap home insurance in Alaska by dwelling amount
$200,000
$350,000
$500,000
$1 million
Company | Annual rate | ||
|---|---|---|---|
| Umialik | 5.0 out of 5 | $698 |
| Country Financial | 3.5 out of 5 | $732 | |
| State Farm | 2.3 out of 5 | $1,040 | |
| Allstate | 2.0 out of 5 | $1,249 | |
| USAA | 4.0 out of 5 | $925 | |
Stars in this table represent ratings specific to home insurance. USAA is only available to military members, veterans and some of their family members.
Key takeaways
- Home insurance rates in Alaska have gone up by about 26% since 2021. That's a much smaller increase than the national average.
- IAT raised rates the most. A policy costs more than double what it did in 2021, a jump of 121%.
- Many companies, including American Family, Farmers and Nationwide, didn't report any rate hikes in Alaska.
- Alaskan homeowners should make sure they have earthquake coverage. You can usually add this to a standard home insurance policy, but you might have to buy a separate policy if you're in a high-risk area.
Best home insurance in Alaska for most people: Umialik
-
Annual cost$948Average rate for a $350,000 home
-
Monthly cost$79Average rate for a $350,000 home
-
Customer complaints Low
Umialik has cheap rates for home insurance in Alaska, great coverage options and good service.
How much is Umialik insurance in Alaska?
Dwelling coverage limit | Annual rate | % from state avg. |
|---|---|---|
| $200,000 | $698 | 25% cheaper |
| $350,000 | $948 | 30% cheaper |
| $500,000 | $1,275 | 29% cheaper |
| $1 million | $2,452 | 22% cheaper |
Umialik also gets very few complaints about its customer service, according to the National Association of Insurance Commissioners (NAIC). That likely means most people are happy with the service they get from the company.
Umialik is based in Alaska, which means the coverage is designed with the needs of Alaskan homeowners in mind. That includes options to add coverage for earthquake damage and coverage for firearms.
The company also offers some uncommon and helpful features that many companies don't, including assisted living coverage. The company can even extend some coverage to an office or studio if you own a business. And Umiliak's "Signature Home" policy also comes with a "Penalty-Free Promise," which means your rate won't go up after filing a claim.
Best home insurance for earthquake and flood coverage: Country Financial
-
Annual cost$1,169Average rate for a $350,000 home
-
Monthly cost$97Average rate for a $350,000 home
-
Customer complaints Low
Country Financial's earthquake and flood insurance options help you fill important gaps in your home insurance policy.
Alaska is the most earthquake-prone state in the country, and home insurance usually doesn't cover earthquake damage automatically. Seismic activity can trigger tsunamis that lead to flood damage, which also isn't usually covered. Being able to get coverage for earthquakes and floods from the same company can make filing claims easier if damage happens.
Country Financial is also a cheap company for most homeowners. It's not as cheap as Umialik, but its rates are usually still less than the state average.
Dwelling coverage limit | Annual rate | % from state avg. |
|---|---|---|
| $200,000 | $732 | 21% cheaper |
| $350,000 | $1,169 | 14% cheaper |
| $500,000 | $1,640 | 9% cheaper |
| $1 million | $3,338 | 6% more expensive |
Country Financial has excellent customer service, with 93% fewer complaints than expected for a company its size, according to the National Association of Insurance Commissioners (NAIC). This could mean most people have a good experience when they have questions, issues or claims.
Best home insurance in Alaska for military members: USAA
-
Annual cost$1,262Average rate for a $350,000 home
-
Monthly cost$105Average rate for a $350,000 home
-
Customer complaints Low
What are the best home insurance companies in Alaska?
Umialik has the best-rated home insurance in Alaska.
The company gets very few complaints according to the National Association of Insurance Commissioners (NAIC), which means customers are usually happy with Umialik. Plus, it's local to Alaska, has cheap rates and offers good coverage options.
Company |
Rating
|
Complaints
|
|---|---|---|
| Umialik | 5.0 out of 5 | Low |
| USAA | 4.0 out of 5 | Low |
| Country Financial | 3.5 out of 5 | Low |
| State Farm | 2.3 out of 5 | Average |
| Allstate | 2.0 out of 5 | High |
Stars in this table represent ratings specific to home insurance.
What's the average cost of home insurance in Alaska?
Home insurance in Alaska costs $1,361 per year, on average, for a policy with $350,000 in dwelling coverage.
That's about 43% cheaper than the national average cost of home insurance, which is $2,395 per year for $350,000 in dwelling coverage. The lower rate is likely because Alaska has a lower risk for some types of damage that raise rates in other states, including tornadoes and hail.
Average cost of home insurance in AK
Dwelling coverage | Average rate |
|---|---|
| $200,000 | $929 |
| $350,000 | $1,361 |
| $500,000 | $1,799 |
| $1,000,000 | $3,141 |
Alaska home insurance rates by city
In Anchorage, Alaska's largest city, home insurance costs an average of $1,237 per year for $350,000 in dwelling coverage.
The cheapest home insurance in the state is in Skagway, a town in the Alaska Panhandle known as the "Gateway to the Klondike," where the average rate is $1,123 per year.
The most expensive home insurance in Alaska is in Eagle, near the eastern border with Canada. Home insurance there costs an average of $1,854 per year.
Find Cheap Home Insurance Quotes in Alaska
Cost of Alaska home insurance by city
City | Average rate | Cheapest company | Cheapest rate |
|---|---|---|---|
| Adak | $1,438 | Umialik | $880 |
| Akiachak | $1,605 | Umialik | $971 |
| Akiak | $1,605 | Umialik | $971 |
| Akutan | $1,422 | Umialik | $979 |
| Alakanuk | $1,385 | Umialik | $996 |
| Aleknagik | $1,703 | Umialik | $974 |
| Allakaket | $1,552 | Umialik | $993 |
| Ambler | $1,695 | Umialik | $964 |
| Anaktuvuk Pass | $1,665 | Umialik | $975 |
| Anchor Point | $1,365 | Umialik | $982 |
| Anchorage | $1,237 | Umialik | $920 |
| Anderson | $1,733 | Umialik | $1,000 |
| Angoon | $1,206 | Umialik | $925 |
| Aniak | $1,691 | Umialik | $971 |
| Anvik | $1,480 | Umialik | $993 |
| Arctic Village | $1,514 | Umialik | $993 |
| Atka | $1,438 | Umialik | $880 |
| Atqasuk | $1,665 | Umialik | $975 |
| Auke Bay | $1,148 | Umialik | $997 |
| Badger | $1,460 | Umialik | $983 |
| Barrow | $1,711 | Umialik | $975 |
| Bear Creek | $1,343 | Umialik | $959 |
| Beaver | $1,514 | Umialik | $993 |
| Bethel | $1,385 | Umialik | $971 |
| Bettles Field | $1,514 | Umialik | $993 |
| Big Lake | $1,652 | Umialik | $873 |
| Brevig Mission | $1,432 | Umialik | $974 |
| Buckland | $1,622 | Umialik | $964 |
| Butte | $1,268 | Umialik | $933 |
| Cantwell | $1,713 | Umialik | $911 |
| Central | $1,820 | Umialik | $993 |
| Chalkyitsik | $1,477 | Umialik | $993 |
| Chefornak | $1,386 | Umialik | $971 |
| Chena Ridge | $1,425 | Umialik | $983 |
| Chevak | $1,364 | Umialik | $996 |
| Chickaloon | $1,517 | Umialik | $873 |
| Chicken | $1,733 | Umialik | $1,013 |
| Chignik | $1,692 | Umialik | $1,000 |
| Chignik Lagoon | $1,620 | Umialik | $1,000 |
| Chignik Lake | $1,576 | Umialik | $1,000 |
| Chistochina | $1,706 | Umialik | $968 |
| Chitina | $1,609 | Umialik | $972 |
| Chugiak | $1,246 | Umialik | $1,024 |
| Circle | $1,820 | Umialik | $993 |
| Clam Gulch | $1,481 | Umialik | $977 |
| Clarks Point | $1,678 | Umialik | $974 |
| Clear | $1,712 | Umialik | $905 |
| Coffman Cove | $1,258 | Country Financial | $948 |
| Cohoe | $1,478 | Umialik | $982 |
| Cold Bay | $1,409 | Umialik | $979 |
| College | $1,427 | Umialik | $983 |
| Cooper Landing | $1,404 | Umialik | $840 |
Rates are for a policy with $350,000 of dwelling coverage.
What home insurance coverage do I need in Alaska?
Alaskans should make sure they have home insurance coverage for damage caused by cold temperatures, earthquakes and floods. Home insurance usually covers cold weather damage, but you have to add extra coverage for damage from earthquakes and flooding.
Does home insurance in Alaska pay for cold-weather damage?
Most homeowners insurance policies cover water damage to your home from frozen pipes, as well as damage caused by the weight of ice or snow on your roof. However, if your home isn't in good condition, your coverage may be limited or a claim could even be denied.
Alaska is the coldest state in the country, with an average temperature of 26 degrees Farenheit, according to the National Oceanic and Atmospheric Administration (NOAA). To help lower the risk of damage from cold weather, make sure your pipes are properly insulated and your home is in overall good shape.
Does home insurance in Alaska cover earthquakes?
Damage from earthquakes isn't usually covered under a standard home insurance policy. You usually have to get an add-on or buy a separate earthquake policy to get coverage.
According to the Alaska Earthquake Center, more than 220,000 quakes shook the state within a recent five-year period. And according to the Alaskan Department of Natural Resources, the state has about six earthquakes at a magnitude of a 6 to 7 per year.
Does Alaska home insurance cover floods?
Home insurance almost never covers damage caused by floods. You need to get a separate flood insurance policy from the National Flood Insurance Program (NFIP) or a private insurance company to get coverage.
Flooding is a concern throughout much of Alaska. Coastal areas are particularly at risk. Seismic activity can create tsunamis that can devastate coastal communities, according to the Alaskan Department of Natural Resources.
How to save on Alaska home insurance
You may be able to save money on your home insurance in Alaska by comparing quotes, using discounts and keeping your home in good condition.
Every home insurance company has different rates, so shopping around can help you find the cheapest cost for the policy that best suits your needs. In Alaska, there's a difference of $1,050 per year between Umialik, the cheapest company, and Allstate, the most expensive company, for $350,000 in dwelling coverage. | |
Nearly every home insurance company offers at least a few discounts that can help you get a lower rate. For example, you can often save by bundling your auto and home insurance with the same company, signing up for paperless billing, and having smoke detectors and fire extinguishers in your house. | |
Maintaining your home won't immediately lower your rates. However, it means your home will be less likely to sustain damage, which keeps you from filing claims and helps prevent rate increases. |
Are home insurance rates in Alaska going up?
Home insurance prices have gone up 25.8% in Alaska over the last five years.
That's significantly lower than the national average increase between 2021 and 2025, which is 47.9%.
However, Alaska's rate change in 2025 was higher than in 2024. In many other states, the rate increase fell in 2025. This could mean that Alaska's rates will keep climbing.
Alaska home insurance rate changes, 2021 to 2025
Year | Avg. rate increase |
|---|---|
| 2021 | -0.13% |
| 2022 | 1.17% |
| 2023 | 5.85% |
| 2024 | 7.26% |
| 2025 | 8.77% |
Home insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
IAT has raised rates by 121% since 2021, the biggest increase in the state. However, several companies didn't report any rate hikes, including American Family, Chubb, Farmers and Nationwide.
Frequently asked questions
How much does it cost to insure a house in Alaska?
Home insurance in Alaska costs $1,361 per year, on average, for a policy with $350,000 in dwelling coverage. Your rate depends on where you live in the state, your age, your claims history and the details of your house.
What is the best homeowners insurance in Alaska?
Umialik is the best home insurance company for most people in Alaska. It has cheap rates, is local and has good coverage options. However, the best company for you depends on your specific needs. Shopping around and comparing rates can help you find the right fit.
Does Alaska require homeowners insurance?
No, Alaska doesn't legally require you to get home insurance. But if you have a mortgage, your lender will very likely require you to get a policy. Even if your home is paid off, home insurance is a good idea for most people. If your home is damaged or destroyed, a home insurance policy shields you from the high cost of repairs or rebuilding.
Methodology
To find the best homeowners insurance in Alaska, ValuePenguin got quotes from five of the top companies in 246 residential ZIP codes in the state. All quotes are for a 45-year-old married man who doesn't have any home insurance claims on his record. The home used in the quotes is 44 years old and has 1,910 square feet, which is representative of the average home in Alaska.
The quotes are for policies with the following coverage limits:
- Dwelling coverage: $200,000, $350,000, $500,000 or $1 million
- Personal liability: $100,000
- Medical payments: $1,000
- Deductible: $1,000
ValuePenguin sources home insurance rates from Quadrant Information Services, which uses publicly sourced insurance rate filings in its database. Rates shown in this article are for comparison only. Your home insurance quotes will be different.
ValuePenguin's star ratings take into account each company's rates, coverage options, discounts, unique features and customer service. Service info includes complaint data from the National Association of Insurance Commissioners (NAIC) and scores from J.D. Power's home insurance customer satisfaction and claims satisfaction surveys.
Sources:
About the Author
Senior Writer
Licensed Insurance Agent
Cate Deventer is a Senior Writer who specializes in health insurance, Medicare, auto and home insurance. She's been a licensed insurance agent since 2011.
She started her insurance career working as a customer service agent for State Farm. She later moved to an independent agency, where she worked with several insurance companies and hundreds of clients. She quoted policies, filed claims and answered insurance questions. In 2021, she pivoted her career and began writing about insurance for Bankrate. She moved to ValuePenguin in 2023 and began writing about health insurance and Medicare.
Cate has a passion for helping readers choose insurance to fit their needs. She enjoys knowing that her research and knowledge help people choose insurance products that make a positive difference in their lives.
How insurance helped Cate
Cate used her health insurance knowledge to navigate a surgery in 2023. Understanding how her policy worked let her focus on recovery instead of worrying about bills.
Expertise
- Health insurance
- Medicare & Medicaid
- Auto insurance
- Home insurance
- Life insurance
Credentials
- Licensed Life, Accident & Health Insurance Agent
- Licensed Property & Casualty Insurance Agent
Referenced by
- CBS
- NBC
- Wall Street Journal
Education
- BA, Theatre, Purdue University
- BA, English, Indiana University
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.
