Before purchasing a home insurance policy, it's important to find a provider that has the right coverage and customer service for your budget. We collected hundreds of quotes from across Alaska to find the best options for homeowners insurance companies in the state.
Compare Home Insurance Quotes from Providers in Alaska
We found that the cheapest rate for typical homeowners insurance in Alaska was $1,022 per year. However, it's best to consider more than premiums when evaluating your coverage options. Below, we've listed our picks for the top insurers in the state, along with our pick for the best homeowners insurance in Alaska.
Best for most people: Allstate
Most affordable: Umialik Insurance Co.
Best for complete coverage: COUNTRY Financial
Best for military families: USAA
Best homeowners insurance for most people: Allstate
The best homeowners insurance for most people in Alaska is Allstate, due to its variety of practical endorsements, its extensive online presence and the quality of its customer service. You can upgrade your policy by raising your policy's limits of liability or by adding:
- Identity theft protection and case assistance
- Protection against water backup or a malfunctioning sump pump
- Increased personal property for special items
- A reimbursement for rebuilding with green materials after a loss
- Electronic data recovery service
While coverage from Allstate is $1,356 per year on average, we believe the company's positive traits offset its slightly higher-than-average price. Additionally, you might reduce your premiums below the statewide average by qualifying for discounts. For example, you could save up to 25% if you have an auto policy, and up to 20% with good insurance history. Allstate offers other discounts depending on the age and condition of your home's siding and roof.
Allstate's online experience stands out from the other homeowners insurance companies in Alaska that we surveyed. As with most large insurers, it's not necessary to contact an agent if you don't want to. Allstate allows you to quickly receive a quote and customize your policy online before purchasing coverage. You can also use the company's app to pay bills and manage your claims.
Complaint data from the National Association of Insurance Commissioners indicates that the company receives fewer complaints than its size would suggest. Additionally, in 2018 only one complaint originated from Alaska.
Best for affordable homeowners insurance: Umialik Insurance Company
We found that Umialik Insurance Company has the most affordable homeowners insurance in Alaska. You can purchase coverage for an average of $1,022 per year—about 21% cheaper than Alaska's mean price of homeowners insurance.
Umialik also has a variety of discounts that you may be able to use to lower your premiums even further. You could save money if you:
- Own a home built within the past 15 years
- Update your home's electrical, heating and cooling systems
- Purchase auto insurance coverage from Umialik
- Have a highly rated roof or siding material on your home
A standard policy from Umialik contains protection against perils that are typically covered by other providers, including fire, theft and falling objects. Since Umialik is an Alaskan company, its endorsements are designed to appeal to homeowners who live in the state. You could upgrade by adding snowmobile coverage, protection against animals and a separate earthquake insurance policy.
Despite its affordable price and policy features, Umialik wasn't one of the most convenient companies we surveyed. There's very little information on Umialik's website, so you have to contact an agent to get details about your policy and make a purchase. However, you can pay your bills online and even schedule automatic payments.
Best homeowners insurance for complete coverage: COUNTRY Financial
For homeowners looking to maximize their homes' protection against Alaska's harsh conditions, COUNTRY Financial is the best option. COUNTRY Financial has three tiers of replacement cost coverage that can exceed up to 25% of your policy's limit. In addition, you can also add:
- Coverage against rising inflation
- Sump pump and water backup protection
- Earthquake insurance
- Identity theft and case management with up to $25,000 for expenses
- Protection for a dock or pier on your property against the weight of ice or snow
- Up to $1 million of personal liability coverage
Unfortunately, we weren't able to acquire rate information for COUNTRY Financial's homeowners insurance. Coverage from COUNTRY Financial tends to be cheaper than average in other states, and you may be able to reduce your costs if you have a safe heating system or a newer home. Ultimately, you should request a quote to make sure its price is affordable for you.
COUNTRY Financial has the second fewest number of complaints for its size among all homeowners insurance companies we surveyed, according to the NAIC's data. Additionally, it has the fewest complaints of any national provider we measured in Alaska.
Best homeowners insurance for military families: USAA
If you're one of the more than 10,000 military service members who live in Alaska, or have a family member who's in the armed forces, you should consider purchasing homeowners insurance from USAA. Coverage is generally affordable from USAA, and comes with highly rated customer service.
The average cost of homeowners insurance from USAA is $1,181 per year, about 9% cheaper than Alaska's average. There aren't very many discounts offered by USAA, but you could still save money if you bundle an auto insurance policy with USAA, have a home security system from ADT or have a good claim history.
Standard homeowners insurance from USAA comes with replacement cost coverage included. Also, USAA includes protection against damage to your uniform that happens while you're on active or reserve duty. This service doesn't carry a deductible.
Additionally, USAA receives far fewer complaints than its size suggests. According to the NAIC, at a national level, USAA received about 14% of the complaints expected for its market share in 2018. In the same period, no complaints came from Alaska.
Best reviewed homeowners insurance companies in Alaska
We compared each company's complaint index as reported by the National Association of Insurance Commissioners (NAIC) to find which homeowners insurance company in Alaska has the best reviewed service. Additionally, we looked at J.D. Power's customer satisfaction scores where available.
The homeowners insurance companies with the best reviewed customer service in Alaska are Farmers Insurance Company of Washington,COUNTRY Financial and USAA. J.D. Power also awarded USAA with a perfect 5/5 on its analysis of the industry's customer service.
|Company||NAIC Value||JD Power||AM Best|
|Horace Mann||0.28||Not rated||A|
|Farmers Insurance of Washington||0.12||3/5||A|
Cheapest options for homeowners insurance in Alaska
The average price of homeowners insurance in Alaska is about $1,291 per year. This price is more expensive than the national cost of coverage in the United States, which we calculated to be about $1,083 per year on average.
Compare Home Insurance Quotes from Providers in Alaska
Most common homeowners insurance perils in Alaska: freezing temperatures and earthquakes
Alaska's weather is known for being punishing compared to most of the rest of the country. In addition to its frigid temperatures and damaging winds, the state has the most earthquakes of anywhere in the country. While earthquakes aren't covered by homeowners insurance companies, most effects of Alaska's wintery conditions are — although some perils may be excluded under certain conditions.
Before committing to any homeowners insurance agreement, you should make sure to contact a representative in order to clarify questions you might have about the extent of your protection. Knowing how different companies treat the natural disasters that your property is most at risk of experiencing is a useful way of settling on a provider.
Do you need earthquake insurance?
Since Alaska is the most seismically active state in the country, it's a good idea to consider earthquake insurance. According to the Alaska Earthquake Center, more than 150,000 quakes shook the state in just the past five years—one being the Anchorage earthquake of 2018, which registered 7.1 on the Richter scale and caused about $30 million in property damage.
Unlike with other forms of insurance, the cost of earthquake insurance is priced per $1,000. For this reason, coverage can exceed the cost of a regular homeowners insurance policy. Companies may charge less than $1 per $1,000 in parts of the country where earthquakes aren't expected, but prices often climb where risk increases.
The frequency of the Alaska's earthquakes mean that the cost of earthquake insurance may be more expensive than in other parts of the country. However, since homeowners insurance companies don't include earthquakes as a covered peril, purchasing an endorsement may be worthwhile if your home is in an area that's prone to quakes.
Does homeowners insurance cover pipes freezing?
Alaska is the only state with a subarctic climate. Fortunately, most homeowners insurance policies protect against damage to your home stemming from frozen pipes, such as system breakdowns and water damage. Damage to your property because of freezing is usually covered as long as you tried to heat the location where the damage occurred and shut off your water when you became aware of the issue.
If Alaska's cold weather damages your plumbing and you have to make a claim, an adjuster will visit your home to make sure you took the proper precautions to prevent damage. However, if there are signs your pipes were in poor condition prior to damage occurring, or if the damage was the result of the pipes' old age, you wouldn't be covered.
Alaska homeowners insurance rates: city-by-city breakdown
We averaged the cost of homeowners insurance in Alaska's largest cities using the quote information we collected for this survey. On the following table, we've displayed the cost of insurance in Alaska's 10 most populated cities, as well as the price in each city's difference from the statewide average.
|City||Average cost||% difference from statewide average|
How did we pick the best homeowners insurance companies in Alaska?
We compared the rates of Alaska's largest homeowners insurance companies, their policy features and customer service reputation. We requested quotes from every ZIP code in Alaska using a profile for a property insured for $273,100 and built in 1985 — the median value of homes in Alaska and the year they were built.
We requested rates from the following companies:
- State Farm
- Umialik Insurance Company
Unfortunately, due to technical limitations, we were unable to source rates from some of the state's other largest providers, including:
- Liberty Mutual
- COUNTRY Financial
- Horace Mann
- Farmers Insurance Company of Washington
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.