Best Cheap Car Insurance in Alaska 2023

The extreme northwest state of Alaska is the largest state in the U.S. as far as geographical area is concerned. If you are looking for cheap car insurance in Alaska, we have got you covered! With our Comparison Tool and Table, and our detailed guide on how to save on auto insurance in Alaska, you will surely find something worth your while. So, let’s get started right away with our extensive Alaska auto insurance reviews! If you are looking for affordable car insurance coverage outside of Alaska make sure to look at our list of best car insurance providers.

What Are State Minimum Requirements?

Alaska auto insurance requirements vary across different areas of the state. Before you look for auto insurance in Alaska, make sure to inquire about the insurance laws that apply to your specific residential location. Not knowing the Alaska car insurance requirements properly can lead to your vehicle being impounded or suspension of your driver’s license.

Following is Alaska’s minimum required auto insurance:

• Total bodily injury liability: $100,000
• Bodily injury or death: $50,000
• Property damage insurance: $25,000

The bodily injury or death option refers to coverage a single individual can receive when they are injured in an accident. The total bodily injury option can be used when multiple individuals suffer injuries during an accident.

The amounts mentioned above are the bare minimum mandatory insurance requirements. You can always benefit from a better insurance plan to extend the coverage you get during and after an accident. Uninsured motorists always remain at risk of being involved in a car accident. Therefore, it is important to have a coverage plan in place to cover the damages caused during an accident

Average Costs

State Average Costs by Age

Age Group	State Minimum
20-30	$811
30-40	$595
40-50	$571
50-60	$541

 If you desire cheap car insurance in Alaska, it is best to understand all the factors that constitute the total cost of insurance coverage offered by different companies. The table above shows that older people get lower Alaska average cost auto insurance rates. Car insurance rates for individuals between the age of 20 and 30 are quite high. According to statistics, youngsters and teenagers are inexperienced behind the wheel and are more likely to get into accidents as compared to people in other age groups. Therefore, they are a bigger risk to car insurance providers, which eventually translates to higher rates.

Cost of Car Insurance by Top Cities

City	Average Rate
Anchorage	$1,172
Juneau	$1,253
Fairbanks	$1,596
Badger	$1,157

 When it comes to getting accurate Alaska auto insurance quotes, it is important to note that insurance coverage rates vary dramatically from city to city within the state. In order to get a sense of how the difference in cities affects auto insurance premiums, we have collected information pertaining toaverage representative rates across four different cities. While Anchorage is the most expensive city in terms of car insurance rates, Fairbanks is also quite pricey, with Juneau being the second-cheapest city to insure a car in.

Best Car Insurance Companies in Alaska

Company	Car Insurance Market Share	Ratings	Rates by Coverage Type
			Low	Medium	High
GEICO	18%	AM Best Rating: A++	$1,168	$1,173	$1,244
USAA	19%	AM Best Rating: A++	$820	$825	$825
Allstate	15%	AM Best Rating: A+	$1,418	$1,419	$1,555
Progressive	8%	AM Best Rating: A+	$1,125	$1,126	$1,200

Detailed Reviews

GEICO Car Insurance

When it comes to auto insurance companies in Alaska, GEICO Car Insurance is one of the most inexpensive auto insurance in Alaska. It has provided over 17 million auto insurance policies and is still growing in size and stature. In addition to providing cheap car insurance in Alaska, GEICO also offers boat, RV, ATV, and motorcycle insurance, personal umbrella protection, flood insurance, life insurance, and many other services.

GEICO offers several discounts to its customers, helping them enjoy cheap Alaska car insurance on a budget. These discounts include senior driver discounts, student driver discounts, military discounts, multi-policy discounts, and good-driver discounts. With the company’s official app, you can pay your bill with a single click, report an auto claim, access digital insurance cards, and enjoy mane more quality services!

USAA Auto Insurance

If you reside in Alaska, USA, car insurance is a must! USAA is an insurance provider that serves customers over the phone and internet rather than through insurance agents. This Alaska car insurance company offers multiple premium discounts including good-driver discounts, good-student discounts, new vehicle discounts, and discounts on specific annual mileage. 

If you qualify for discounts at USAA car insurance in Alaska, you get to save on insurance premiums and enjoy more affordable coverage. If you drive for companies like Lyft and Uber, you can avail rideshare coverage through policies available at USAA. USAA might be your ideal option for car insurance in Anchorage, Alaska, or any other area in the state.!

Allstate Auto Insurance

Allstate is a provider of car insurance in Alaska that offers car insurance policies to customers via its wide network of agents. The easy-to-use mobile and online tools on offer by Allstate offers, allow users to enjoy the best car insurance in Alaska. Along with scoring high car insurance rankings in Alaska, Allstate car insurance is also known for offering various discounts. Customers can also benefit from a safe driver bonus.

The multiple options available for filing claims easily and quickly including online, over the phone, and mobile app services make Allstate one of the best car insurance companies in Alaska. The company helps customers find the exact coverage as per their requirements with its wide network of 10,800 agents spread out in all fifty states!

Progressive Auto Insurance

Progressive is known as one of the popular auto insurance companies in Alaska. It insures over 20 million vehicle drivers across the USA. Customers can not only enjoy Progressive car insurance in Anchorage, Alaska but also across other locations in the state. People who have leased or financed their vehicles can receive gap coverage, also referred to as guaranteed auto protection insurance.

When people think about cheap auto insurance in Alaska, they often think about car insurance Alaska State Farm, however, Progressive offers premium discounts to their customers including good student, multiple policy, and pay-in-full discounts that help them reduce overall costs.

Liberty Mutual Auto Insurance

When it comes to auto insurance carriers in Alaska that keep their rates fairly constant even for individuals with poor credit scores, Liberty Mutual auto insurance remains one of the best auto insurance in Alaska. If you are looking for auto insurance in Anchorage, Alaska, or any other city within the state, you don’t need to look any further!

With amazing and unique coverage offers such as accident forgiveness, new car replacement, and lifetime repair guarantee, the company stands out from others. Additionally, it is considered to be one of the cheapest minimum requirements providers due to its special discount offers and perks such as a Teacher’s Auto Insurance policy, personal property coverage, collision coverage, and vandalism loss protection.

We hope that with all the aforementioned information on auto insurance providers, you found something worth your while!

How to Reduce the Costs of Auto Insurance in Alaska

There are multiple factors that influence the overall cost one has to pay for auto insurance coverage. Since most car auto insurance rates in Alaska are updated every 6 months, the total cost will fluctuate on a bi-annual basis. Here are some factors that might help you get Alaska auto insurance discounts:

Your Driving History

Your driving history is a major factor determining car-insurance rates. If you have accumulated innumerable tickets and have been part of multiple accidents in the past, you might have to pay higher costs for auto insurance premiums as compared to others who follow traffic laws properly. Driving violations such as DUI charges and more can be disadvantageous for you.

Your Age

As we mentioned earlier, the older you are, the less risky you are considered. Along with age, gender also plays a role in determining insurance rates. In the battle of sexes, when it comes to auto insurance rates, women take the lead as they tend to take fewer risks when on the road and are considered to be safe drivers as a whole. This gives them a significant advantage in terms of insurance premiums.

Your Location

Generally, the more an individual is on the road, the greater the likelihood of accidents occurring. Moreover, if a person commutes a long way to work and back, they may incur higher premiums than people who go to work only a few miles away from their home.

The Model and Make of Your Vehicle

People who own fancy vehicles like a sports car usually end up paying more for insurance coverage than others who own, for instance, a regular sedan. Make sure to consult an insurance agent before you finalize your car purchase.

Insurance Plan Type

It is important to understand how different types of insurance plan coverage options work in order to get the best deal. Consult a professional before you make your final decision.

A Good Credit Score

While the driving history of an individual is the best way to assess risk, some companies also use the credit score to determine if a person is a good candidate for auto insurance.

The easiest way to have your car insurance costs reduced in Alaska is to ask your insurance policy provider about available discounts on anti-theft devices, eco-friendly vehicles, automatic payments, good driving, and more!

Alaska Auto Insurance, Traffic Rules, and Penalties

Other than state minimum requirements, here are some Alaska car insurance laws to keep in mind:

Penalties

According to Alaska law, you need to carry proof of your insurance coverage at all times when you drive a motor vehicle. You are also required to show the proof of insurance to an authorized representative of the Alaska Department of Public Safety or a law enforcement officer asking you to. Failure to do so may result in your driver’s license being suspended and you losing your driving privileges temporarily i.e. for a first offense.

For a second offense, the license suspension might be one year long along with the mention of six points on your official driving record. When we specifically talk about Anchorage, your vehicle can be impounded too. While you may get access to a limited license during your suspension for work purposes, you will have to pay hefty fines for it.

Insurance Premiums

The Alaska Division of Insurance regulates vehicle insurance premiums. Insurance companies in the state are allowed to award discounts and charge premiums based on various factors including:

• Your gender
• Your age
• Your driving record
• The total time you spend driving
• The type of car you want insured
• Your marital status
• How long you have been driving
• Your geographical location
• Whether or not you utilize your vehicle for business purposes
• Your credit history

Driving Rules in Alaska

Some of the driving rules in Alaska include:

• Certain roads in Alaska require you to keep the vehicle’s headlights on at all times
• The traffic law limits speed to 20 mph in business districts and school zones 
• The law limits residential areas to a speed of 25 mph
• Some freeways and interstates have a speed limit of 65 mph
• While drivers in Alaska are legally allowed to carry a firearm, they should be over 21 years of age to do so
• All passengers are required to wear seat belts at all times
• In Alaska, you cannot have five vehicles backed up behind you; you need to pull your vehicle over to the side to let traffic pass
• In Alaska, it is illegal to drive while operating any visual screen device
• People who are 14 years or older can get a learner’s permit with parental permission

What car insurance discounts are available in Alaska?

Good Driver

Vehicle drivers that have no claims history and a clean driver’s record can save on insurance.

Potential Savings: 10% to 30%

Driver Education

In Alaska, the state law requires insurance providers to offer discounts to senior drivers who are 50 and older and complete a defensive driving course.

Potential Savings: 5% to 10%

Continuously Insured

Vehicle drivers enrolled in an insurance policy for more than 6 months or more can save on insurance.

Potential Savings: 5% to 25%

Billing and Payments

If you set up automatic payments, go paperless, pay online, or pay for your insurance policy in full, you can save on insurance costs.

Potential Savings: 2% to 25%

Policy Bundling

If you get different types of policy or have multiple vehicles insured from the same insurance provider, you might be able to get a discount from them.

Potential Savings: 1% to 12%

Good Student

Young drivers who have scored a B average or higher in their school are eligible for insurance discounts.

Potential Savings: 5% to 20%

Usage-Based

Some insurance providers offer customers discounts if they agree to have an electronic device attached to their smartphone and/or vehicle that can monitor their driving habits.

Potential Savings: 1% to 30%

Safety Features

Vehicles that feature daytime running lights, anti-lock brakes, multiple airbags, and other safety features can save money.

Potential Savings: 2% to 30%

Anti-Theft Systems

Car owners with anti-theft features in their vehicles, such as steering wheel locks and LoJack can enjoy lower rates.

Potential Savings: 5% to 25%