Renters Insurance

Who Has The Cheapest Renters Insurance Quotes in Alaska?

Who Has The Cheapest Renters Insurance Quotes in Alaska?

Allstate has the cheapest renters insurance quotes in Alaska. A policy costs $11 per month, on average.

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However, we don't recommend choosing a renters insurance company based on price alone. The best renters insurance in Alaska offers affordable rates, useful coverage options and dependable customer service. We compared quotes from five of the largest insurance carriers in Alaska to find the best cheap coverage for renters across the state.

Cheapest renters insurance in Alaska

Allstate offers the most affordable renters insurance coverage in Alaska — the average annual rate is $126 per year. That's $141 per year cheaper than the statewide average.

The average renters insurance cost in Alaska is $22 per month, or $267 per year.

Graph comparing renters insurance rates from largest companies in Alaska

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Alaska renters should compare quotes from State Farm, too. Renters insurance from State Farm costs $158 per year — $109 cheaper than the average price in Alaska.

Company
Monthly cost
Allstate logo
Allstate$11
State Farm logo
State Farm$13
Geico logo
Geico$25
Assurant logo
Assurant$30
Progressive logo
Progressive$33

Best renters insurance for most people: State Farm

State Farm offers affordable renters insurance rates, along with customer service Alaska renters can count on.

Read the full review

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The good:

  • Inexpensive renters insurance
  • Dependable customer service

The bad:

  • Few coverage add-ons available
  • Not the cheapest option

State Farm offers the best renters insurance for most renters living in Alaska. A policy from State Farm costs an average of $13 per month. That's 41% cheaper than the average price of insurance across the state.

In addition, Alaska renters can expect a great customer service experience from State Farm. The company receives fewer customer complaints than an average insurer its size, according to the National Association of Insurance Commissioners (NAIC). J.D. Power also awarded State Farm an above-average score on its annual customer satisfaction survey.

The coverage provided by a State Farm renters insurance policy is appropriate for most renters. The company also gives renters the option to raise their liability coverage limits and add earthquake or identity theft protection.

However, State Farm doesn't offer some useful add-ons you can find with other insurers, like replacement cost coverage.


Best for cheap renters insurance: Allstate

Allstate has the cheapest renters insurance quotes in Alaska, but its customer service is lacking.

Read the full review

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The good:

  • Cheapest quotes in Alaska
  • Large discount for bundling policies

The bad:

  • Unreliable customer service

Alaska renters looking for the cheapest insurance coverage should compare quotes from Allstate. An Allstate policy costs $11 per month — 53% cheaper than the statewide average rate.

Renters who have a car can take advantage of Allstate's bundling discount for even more affordable rates. If you purchase a renters and car insurance policy from Allstate, you can usually save between 2 and 3 percent.

However, renters who choose Allstate will be sacrificing customer service for cheap rates. The company receives twice as many complaints as other similar-sized insurers in Alaska, according to the NAIC.


Best renters insurance for military families in Alaska: USAA

Renters insurance from USAA includes extra coverage, and the company has a reputation for excellent service.

Read the full review

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The good:

  • Includes replacement cost coverage
  • Top-rated customer service

The bad:

  • Limited availability

Military members living in Alaska should consider purchasing renters insurance from USAA. The company offers top-rated customer service and expanded coverage, and rates are usually affordable.

Only members of the military, veterans and their families are eligible to purchase a USAA policy. That means many people aren't eligible.

A basic renters insurance policy from USAA includes replacement cost coverage. That means the company will pay you enough to replace any property damaged in covered loss with brand-new items. It also includes earthquake coverage at no additional cost, which means your belongings are protected from earthquake damage.


Alaska renters insurance premiums: cost by city

Renters living in Lakes have the cheapest rates among larger cities in Alaska, while those in Meadow Lakes pay the highest rates.

The cost of renters insurance varies by up to $58 per year across the 25 most populous cities in the state. People living in the most expensive city, Meadow Lakes, can expect to pay $26 per month for renters insurance. On the other hand, renters in Lakes pay around $21 per month for coverage.

City
Average annual cost
Difference from state average (%)
Anchorage$266-1%
Badger$2680%
Bethel$2690%
College$257-5%
Fairbanks$263-2%
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Best renters insurance in Alaska

USAA offers the best-rated renters insurance in Alaska.

Renters who are able to buy insurance from USAA can expect an easy claims experience. USAA only receives half as many complaints as other insurance companies in Alaska of a similar size, according to the NAIC. It also received the top score on J.D. Power's annual customer satisfaction survey.

Renters who aren't eligible for USAA can find excellent service from State Farm.

Company
Rating.
USAA
State Farm
Geico
Progressive
Allstate
Assurant

Customer service scores are important to consider when shopping for the best renters insurance. A company with great customer service can help you get your life back to normal quickly in an emergency. Poor service can make the claims process difficult, and you may have to wait longer to repair or replace damaged items.


Frequently asked questions

Who has the cheapest renters insurance in Alaska?

Allstate offers the cheapest renters insurance quotes in Alaska. Coverage from Allstate costs $11 per month, on average.

Is renters insurance required in Alaska?

Renters insurance is not legally required in Alaska. However, your property management company or landlord may require you to purchase a policy as a part of your lease agreement.

What does renters insurance cover in Alaska?

The most basic renters insurance policies should offer four main coverages: personal property coverage, liability coverage, medical payments to others and loss of use coverage. Some companies also offer optional add-ons that renters may find useful, like identity theft and replacement cost coverage.

How much does renters insurance cost in Anchorage, AK?

Renters in Anchorage can expect to pay $22 per month for insurance coverage. That's $2 per month more expensive than the Alaska state average. In comparison, people living in Ketchikan pay an average of $21 per month for renters insurance.


Methodology

To compare renters insurance quotes in Alaska, we gathered 118 quotes from addresses in 25 ZIP codes across the state's largest cities. Our sample renter is a 25-year-old male living alone with no history of insurance claims.

Quotes are based on the following limits:

Coverage
Limit
Personal property$30,000
Personal liability$100,000
Medical payments$1,000
Deductible$500

The best renters insurance companies in Alaska were determined based on our own ValuePenguin editor's ratings, data from the National Association of Insurance Commissioners (NAIC) complaint index and J.D. Power annual customer satisfaction survey scores.

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.