A wise person once said,
‘When you don’t know what to expect, prepare for the unexpected!’
Those who have been to Alaska would know that most of the state is only accessible by boats and planes. And anyone driving through Alaska Highway must have auto insurance Alaska.
For everyone residing in this beautiful state of glaciers, mountains, lakes, bears, and salmon, there are high chances that you might face difficulty in finding the best car insurance in Alaska!
Reason:
The reason is not the lack of the best auto insurance companies in Alaska. You will feel stuck when finding the suitable and best car insurance in Alaska, the one that matches your needs.
There are too many car insurance options in Alaska; discounted, premium, for adults, according to age, the number of family members, credit score.
You can find numerous cheap car insurance options online where the insurer would give you discounted insurance. But is it really worth it?
You might fall prey to a cheap auto insurance AK due to discounts. But, only to discover that you have been charged with high deductibles and low annual mileage allowed!
So, the purpose of saying it is that everything coming cheap is not good! But, everything costly is also not good!
How to find the best car insurance in Alaska with affordability? The guide will help you make an informed decision for your auto insurance AK to make most of it!
Who Has The Cheap Car Insurance In Alaska?
The first and most important question you should ask yourself before starting your search for the best car insurance in Alaska is: Who has the cheap car insurance in Alaska? This will help you to find affordable insurance companies with good insurance coverage.
But, how would you know if the repute you have been communicated is well-depicted or not?
Before you count on a company for your auto insurance, several factors must be considered. Customer services, feedback, insurance options, and annual rates are analyzed to rate an insurance company.
We have carefully analyzed different auto insurance companies in Alaska based on the standard of the factors mentioned earlier. We have come up with the most affordable auto insurance AK options.
| Company Name | Avg. Annual Premium |
| USAA | $1,057 |
| State Farm | $1,098 |
| GEICO | $1,269 |
| Progressive | $1,545 |
| Allstate | $1,718 |
| Hartford | $1,875 |
| Liberty Mutual | $1,913 |
| Safeco | $1,956 |
| Country Financial | $2,056 |
| MetLife | $2,114 |
According to our analysis, USAA has one of the cheap car insurance quotes, AK. The fact that USAA exclusively offers its services to ex-military or serving military personnel pushes it out of comparison. So, you can consider the remaining options if you do not belong to a military family.
The average annual premium quoted is for a standard driver, and these rates are not to be considered as full and final. When you are purchasing auto insurance coverage, the company will take into account several things. For instance, a person with a bad credit score would be bound to pay a higher premium, or a person with DUI or tickets would be obligated to pay more.
What Are Different Types Of Auto Insurance Coverage?
Before we dive into an in-depth analysis of different insurance coverage levels, insurance premiums, and options, understanding types of auto insurance coverage is important. Let’s have an insight on different types of auto insurance AK.
Liability Coverage
No matter which state of the US you reside in, it is a legal obligation to have liability coverage for driving a vehicle. The liability coverage insures the driver against any accident, making him liable and responsible to pay for the damages. The damages can be either medical injuries, property damage, or other destruction.
Rest assured that the minimum liability coverage only protects you against the loss caused to another individual or vehicle. You are liable for your own damages.
Collision Insurance
If a driver gets involved in an accident with another vehicle- collisions of two cars, collision insurance insure the driver for repairing or replacing costs of the car.
Comprehensive Insurance
Sometimes, your vehicle might not get damaged due to a collision or normal accident! An unexpected event or object can also push you into trouble. The wonder of an animal smashing with your car window glass or otherwise. Or just imagine a cyclone or an unwanted weather event!
Comprehensive insurance is your go-to option for insuring your vehicle for these certain uncertainties when an accident is not dependent on another vehicle. You can choose to get an extra level of coverage with comprehensive insurance.
Uninsured Motorist Insurance
What if the vehicle your car got into an accident with is not insured? You can not risk your life and property for the negligence of someone else!
Uninsured motorist insurance covers the driver against hit-and-run cases or accidents with uninsured drivers.
Underinsured Motorist Insurance
The underinsured motorist insurance is relatable to uninsured motorist insurance. Numerous drivers prefer to buy minimum liability coverage, leaving the other driver in a dark spot in case of an accident. But, you can protect yourself and your vehicle against such incidents where the guilty party has not enough coverage to cover damage costs.
Medical Payment Coverage
After the damage caused to your car, would you be able to pay the high invoiced hospital bills? Medical payment coverage covers the medical costs in case of an accident. This coverage ensures the bearer, irrespective of the fact that who is guilty.
Personal Injury Protection Insurance
When an accident involves medical emergencies, loss of income, or property, personal injury protection insurance covers all such damages. You can cover yourself as much as up to 80% of medical expenditures.
Gap Insurance
You must cover your vehicle against loss or theft! And more importantly, when you bought a car on loan. Furthermore, the normal depreciation also counts. Therefore, gap insurance and standard insurance will help cover the cost of the loan.
Towing And Labor Insurance
You can cover your repair and labor costs of the vehicle by buying towing and labor insurance. In case you own comprehensive car insurance AK, the towing and labor coverage is already included in it.
Rental Reimbursement Insurance
God forbid your vehicle got damaged in an accident, and you cannot drive it while it gets fixed! Why pay additional costs for rented vehicles? Cover yourself for rental reimbursements for such events when your car is unfit for driving after an accident.
Classic Car Insurance AK
If you have the taste and verve of owning classic and vintage cars, classic car insurance AK is your deal! This care insurance covers the specialized needs of vintage and classic cars.
Best Cheap Auto Insurance Companies In Alaska
Most of the states in the US have been improvising a no-fault system by revising the laws. The no-fault system implies that the innocent victim in an accident would be free from the burden of proving himself innocent.
Furthermore, this insurance regime aims to minimize the insurance costs and remove short claims from the court system. This type of insurance coverage system is often known as personal injury protection coverage. The no-fault states include North Dakota, New York, Florida, New Jersey, Michigan, and many others.
Whereas there is another insurance system regime that prevails in some of the US states. It is an ‘at-fault’ insurance system. Alaska is one of the states where an at-fault insurance system is most common. In this insurance, the insurance company will cover the loss or damage up to each party’s fault. For instance, an accident happened partially due to your negligence and partly due to another driver’s ignorance. You would have the burden to prove yourself innocent for getting the insurance coverage. Therefore, the at-fault regimes imply every driver maintains a minimum auto insurance AK to not have to pay for others’ mistakes.
But, how do you know about the best auto insurance companies in Alaska?
We have carefully analyzed and judged different companies and cheap car insurance quotes AK. Based on customer satisfaction, value for money, service, and coverage benefits. Our results reinstate USAA as the most affordable, yet high customer valued car insurance Alaska.
The rating is followed by GEICO, Allstate, State Farm, and Progressive on claim rating, financial stability, customer satisfaction, and affordability.
Average Car Insurance Cost
Most young drivers under ’20s and 25’s have to end up with costly auto insurance coverage. And with increasing age, your car insurance premiums are reduced to considerate amounts.
Why?
Well, it is nature’s law that with increasing age, the person has more experience and a lower probability of getting stuck in a dark spot. If we talk more specifically about car insurance and driving, as the number of years behind the wheel increase, a person will have more experience. Such an individual would have the lowest chances of involvement in an accident.
But for a young driver in his teens or early twenties, the ratio of accidents is very high. So, you would end up with a costly auto insurance AK if you are a young driver. The cheap car insurance quotes AK would benefit those in their 50’s or 60’s.
Just for a comparison, the average car insurance Alaska costs around $5423 to a 16-years old driver, and the same car insurance Alaska costs around $964 to a person in his 50s.
The premiums of young drivers reduced with their every passing birthday as they become more experienced and mature drivers.
To all the people of different ages shopping around for the best car insurance in Alaska, we have an average insurance coverage premium for different age groups.
Let’s have a look.
Alaska Auto Insurance Costs By Age
| Age | Annual Premium |
| 16 | $5,436 |
| 17 | $4,854 |
| 18 | $4153 |
| 19 | $2,913 |
| 20s | $1.678 |
| 30s | $1,176 |
| 40s | $1,058 |
| 50s | $964 |
| 60s | $945 |
| 70s | $856 |
Minimum Requirements Of Auto Insurance In Alaska
On average, every individual in Alaska own 1.3 vehicles; therefore, it is almost mandatory for everyone to have auto insurance in Alaska. On an average day, there are around a half-million drivers on Alaska’s roads, and there are thousands of accidents causing damage to lives, properties, and vehicles. Therefore, having auto insurance in Alaska is always a wise option irrespective of the fact where you are residing in Alaska.
While you are looking for a cheap auto insurance quote AK, you must know the minimum requirements and legal regulations of Auto Insurance Alaska to make an informed decision.
On average, the minimum liability and car insurance requirements for an Alaskan driver implies:
- $50,000 per person, in case of a bodily injury caused as a result of an accident
- $100,000 for all the affectees, in case of bodily injury caused as a result of an accident
- $25,000 in case of damage to the property.
Besides the minimum requirements, an Alaskan driver must be well informed about the state’s driving laws and regulations. Here are the Alaskan driving laws:
- In addition to the auto insurance coverage, Alaskan law implies a financial responsibility law. It bounds the at-fault driver to pay the claims and damages for the other vehicle and driver involved in the accident.
- The Alaskan law binds the drivers to not use mobile devices while they are driving.
If you want to know Alaska’s unique places where having auto insurance is not mandatory, you can check the complete list of such cities. However, if a driver has a bad credit score, tickets, or DUI, he won’t get an exemption no matter where he resides.
How To Get Cheap Car Insurance Quotes In AK?
We all know that an insurance policy depends on various factors. It depends not on individual factors like age, credit scores, good driving records, or household number. Therefore, you have to consider all the factors on your voyage of getting cheap car insurance quotes AK.
You can intelligently pair up different factors for your benefit and get an affordable and cheap car insurance quote in Alaska.
You would be surprised to know that it is difficult getting cheap car insurance in Alaska despite the fact many discounts are offered by major insurance companies. You should think intelligently and ask the insurance companies about different discounts offered by them. Most people end up buying costly insurance coverage just due to ignorance in checking discounts.
The most common types of discount you can get from different insurance companies are:
- Discounts Related to Drivers
- Discounts Related to Vehicle
- Discounts Related to Policy
The discounts related to drivers are very important when you are in search of cheap car insurance Alaska. Most insurance companies offer great discounts for different drivers. The main discounts offered to drivers are:
- Good driving record; no tickets in last few months
- Good credit score
- Experienced driver
- Good student discount; for graduates who have a clean record and driving history.
- Discounts for drivers according to age
You can get additional discounts for your vehicle in Alaska! Wondering how?
Many companies will offer you discounts if your vehicle has been insured from different perspectives. The most common discounts you can make on your vehicles are:
- Discount if your vehicle has anti-theft devices installed
- Having automatic seat belts in your vehicle
- Airbags
- Anti-lock brakes
- Vehicle recovery systems
Besides discounts related to the vehicle and drivers, you can make most auto insurance Alaska by discounts related to policies. Following are some scenarios when you become eligible for policy-related discounts:
- Bundled Policies; More than one vehicles in one policy or different types of policies bundled together
- Combining the policy of the homeowner and tenant with the same company
- Paperless billing of your premium or setting automatic payments from your account
- Settling your premium annually instead of monthly payments
Is Auto insurance Alaska A No-Fault State?
We have already discussed the status of the insurance system in Alaska. Unlike many states of the US, the auto insurance Alaska follows the At-Fault insurance system. Alaska is not a no-fault state where the driver is granted an exemption from proving himself innocent and is covered by the insurance company.
The at-fault system implies the driver who is at fault to compensate the damages caused by him to the victim’s life and property.
The drivers in Alaska have to comply with certain legal bindings under the at-fault insurance system. Following are the ways or legal bindings in case a traffic accident occur by a driver:
- A driver can file a coverage claim with his or her insurance company to pay for damages caused to his property. Such scenarios are for not-at-fault drivers, and later on, the insurer of the injured person would file a claim against the at-fault driver’s insurer.
- The injured person can claim coverage directly with the insurer of the at-fault driver to pay for damages.
- The third option for injured drivers is to go to civil court and file a personal injury lawsuit against the at-fault driver for covering the costs of damages.
Cheap Car Insurance In Alaska Rates By Credit Score
We have established that your auto insurance Alaska is made up of different factors. Let’s look at how the car insurance rates are affected by the credit scores of a driver.
Bad credit history becomes a problem for you in all parts of your finances- your auto insurance has no exception. If you have an average credit score or a poor one, you will end up paying an inflated insurance premium for your vehicle.
Why would an insurance company charge you more?
The fact is undeniable that insurance companies highly regard a driver’s credit history as contributing factor to insurance. And a person with an already poor credit history is more likely to get involved in insurance fraud.
So, technically speaking, cheap car insurance in Alaska is not ideal for people with bad credit scores. But, practically speaking, you can still make out to get considerably cheap car insurance quotes, AK.
While you are shopping around for your vehicle insurance, make sure to collect quotes from different companies and make a comparison. You can save up some money in this way before you can actually improve your credit rating.
Car Insurance Quotes In Alaska Rates Per Vehicle
Undoubtedly, you have been saving up to buy your dream sports car, but you must know that you might end up paying high for its insurance!
When you want a car insurance AK, you must know the car insurance quotes vary according to the vehicle’s model and make. A family Sedan would be more affordable to pay a premium than the tempting dream sports car!
All the best auto insurance companies in Alaska will charge you higher for the vehicles that are more likely to get involved in an accident or have higher crash rates. Furthermore, the condition of the vehicle is also a contributing factor.
If you own a vehicle having a good ranking on the national safety test, your auto insurance would automatically become cheap and vice versa. The insurance companies also consider the probability of a car being stolen.
You can make up a cheap insurance quote AK by upgrading your vehicle hence decreasing the probability of accidents. For instance, having airbags, anti-theft devices, anti-lock brakes, and a recovery system will make you eligible for decent discounts by the best auto insurance companies in Alaska.
Best Coverage For Multiple Cars In Car Insurance AK
On average, every individual in Alaska owns more than one vehicle! Why not bundle up your insurance policy for multiple cars to get a discounted and best car insurance in Alaska. All the car insurance companies offer their customers to buy a bundled policy for multiple vehicles.
After reviewing different car insurance quotes, we recommend Allstate as the most affordable and cheap car insurance AK for multiple vehicles. The company offers a lot of choices for people with multiple vehicles. For instance, you can exclude your son, who is away for studies, from your policy.
Similarly, if you have a driver at your home who is a student and drive only occasionally, you can get a considerable discount on your insurance coverage.
Cheap Auto Insurance In AK Offers Discount
We have analyzed different cheap auto insurance quotes AK to facilitate the drivers of the region. Among different ratings, the JD Power Auto Insurance Study has the most authenticity and credibility. From their ratings of different best insurance companies in Alaska, we have derived the following companies offering discounts and having cheap auto insurance in AK.
The Hartford
The first one among the best insurance companies in the Northwest region is The Hartford. The company has received 4 out of 5 scores in JD Power rating on a scale of customer satisfaction, claims satisfaction, and financial stability. Here are some discounts that are offered by the insurance companies to auto insurance policy orders.
$100 Deductible Reduction: Many policyholders in Alaska admire The Hartford for premium coverages’ customizable features. Suppose a policyholder decides to use the auto-shop services of The Hartford. The $100 deductible reduction comes with AARP auto insurances where you can save repair costs and insurance premiums.
Bundle Discounts: If a policyholder decides to bundle different insurances at Hartford, he or she can get an additional discount of 5% on auto insurance. For instance, you can bundle up your auto insurance and home insurance with The Hartford.
First Accident Forgiveness: A driver with a clean driving record can get additional discounts and cheap car insurance in Alaska. With five years of clean driving record, you can get free coverage for your first accident.
State Farm
State Farm is very famous for its premium coverage across the US. The company has got an overall rating of 3 out of 5 for Alaska and stood second in cheap car insurance AK. Here are the discounts offered by the company
Accident-Free Discount: The accident-free discount of State Farm offers the policyholders an additional discount for a clean driving record and at least three years without an accident.
Vehicle Safety Discount: The policyholders are incentivized with a discount of up to 40% of medical coverage for the latest vehicles made after 1994. The exact amount of discount varies according to the year of manufacturing and model.
Multiple Auto Discount: If you chose to buy State Farm auto insurance for multiple vehicles, you could get a saving discount of up to 20%.
Allstate
The third-ranked insurance company is Allstate. Allstate has a reputation as one of Alaska’s best insurance companies and highly emphasizes installing car safety equipment to reduce risks. The most popular discounts offered by Allstate include:
55 and Retired: The senior citizens above 55 and after retirement can buy auto insurance from Allstate. Allstate gives a discount of up to 10% on the insurance premium coverage.
Defensive Driver Discount: The drivers who have completed the defensive driving classes become eligible for a considerable discount on their annual auto insurance Alaska.
eSmart Discount: There are no requirements of age, gender, credit score, or driving record to become eligible for this discount. Anyone who signs up for a paperless policy through eSmart can get an additional 10% discount.
Geico
Geico insurance company has made it to the end of the rating with an overall rating of 3 out of 5. Geico is distinguished for its excellent customer service, easy filing and claim process. Here are discounts offered by the company:
Membership and Employee Discount: The insurance company has strategic partnerships with different business organizations, educational institutes, and recreational organizations. Suppose a policyholder who is an employee of any partner business wants to buy auto insurance. In that case, he can save a lot on the premium coverage under employee discounts.
Military Discounts: Military discounts offer up to 15% off on premium coverage for serving or retired army personnel, national guards, and reserves.
Vehicle Equipment Discounts: The company offers you discounts for securing your vehicle and life by installing various safety equipment. For instance, you can save up to 40% for airbags, 25% for anti-theft systems, and 5% for anti-lock brakes.
Top 10 Cheapest Cities For Car Insurance Quotes In AK
You might end up buying auto insurance for a higher price in some cities of the state. Or you might save a lot if you are lucky enough to reside in any city with cheap auto insurance quotes, Alaska. Smart Financials has prepared the top 10 cheapest cities for cheap car insurance AK.
The city which has made it to the top of the list is Ketchikan, with an average monthly rate of $56. The last city in the top 10 cheapest cities for auto insurance in Wasilla, with an average of $116 per month.
You can find the complete list of average auto insurance costs across different cities of Alaska.
| Rank | City | Avg monthly rate |
| 1 | Ketchikan, AK | $56 / month |
| 2 | Homer, AK | $67 / month |
| 3 | Kenai, AK | $70 / month |
| 4 | Kodiak, AK | $74 / month |
| 5 | North Pole, AK | $87 / month |
| 6 | Soldotna, AK | $89 / month |
| 7 | Juneau, AK | $99/ month |
| 8 | Fairbanks, AK | $100 / month |
| 9 | Palmer, AK | $110 / month |
| 10 | Wasilla, AK | $116 / month |
Cheap Auto Insurance Quotes In AK For Minimum Coverage
Minimum coverage for auto insurance implies the mandatory minimum coverage amount for your vehicle. The minimum coverage policy is not always a good option because your damages remain uncovered in such policies.
For instance, if you get into an accident causing damage to your vehicle and severe medical injuries to you, the barebones insurance is not going to be enough for covering all your damage costs. The minimum coverage will not be enough, but if the insurance is mandatory, and you want the cheapest possible option, you can go for the minimum coverage.
However, here are the minimum coverage quotes for car insurance Alaska.
| Company | Annual Payment |
| Geico | $390 |
| Allstate | $445 |
| Progressive | $498 |
| USAA | $528 |
| Umialik | $565 |
| Country Financial | $597 |
| State Farm | $609 |
| Liberty Mutual | $653 |
| Hartford | $687 |
If you want the most affordable and cheap minimum coverage insurance, you must shop around different insurance companies and get quotes for as many companies as possible. But, to specify, you should take the insurance quotes from at least three companies to get an idea about your costs.
Cheap Car Insurance Quotes In AK By Age
You shouldn’t get surprised if you are asked to pay a significantly higher amount as your auto insurance premium when you belong to younger age groups. There is a huge gap between the insurance premium of an adult and of a teenager in most states. Most youngsters are reckless, carefree, and irresponsible; therefore, their risks of getting involved in accidents are also high.
Any insurance company selling auto insurance Alaska to a teenager will cover its risks for a higher premium. The insurance premium will significantly lower down as the age increases. According to the analysis of Smart Financials, the car insurance quotes in AK by age are as follows:
- On average, a driver belonging to a teenager group would have to pay an insurance premium of around $216 per month.
- However, the same auto insurance will cost around $117 to a driver belonging to the adult group, either 30s, 40s, or 50s.
Why Car Insurance In Alaska Rates Vary?
One question that pops up in most people’s minds is why car insurance rates in Alaska vary? There is wide variation in rates across different states, age groups, genders, households, vehicle types, and other matrices.
The answer to this question is: The rates of auto insurance in Alaska vary because every insurance company considers different factors while issuing their rates and insurance quotes.
For instance, a driver having the most risk of involvement in an accident will be bound to pay higher insurance premiums because an insurance company mitigates its risks by charging high amounts to the policyholders.
Here are the reasons which contribute to the variation of insurance rates
- Credit Score: A driver with a good credit score will be charged a low premium and vice versa.
- DUI: DUI stands for driving under the influence of drugs, alcohol, or any such addictive. Therefore, any person who has committed a DUI or has a habit of drugs or taking addictives will be bound to pay higher premiums by the insurer.
- Age: The younger people will be charged higher than adults.
- Driving History: A driver having a clean driving history will be rewarded with discounts in premium payment. However, a driver who has a history of accidents will be charged a higher premium.
- Vehicle Model and Make: The type of vehicle you are driving also contributes to lowering or raising your auto insurance Alaska premiums. For example, the latest car with less probability of crash will be insured for lower premium payments and vice versa.
- Vehicle Safety Equipment: Having safety equipment in your vehicle also plays an important role in your car insurance Alaska’s price. The drivers with airbags, anti-theft systems, anti-lock brakes, recovery systems, and other safety measures installed in vehicles are awarded discounts on their insurances.
- The other factors contributing to the variation of rates are financial stability, location, address, marital status, gender, driving classes, usage of vehicles, license status, and so on.
Cheap Auto Insurance Quotes In AK After A DUI
You have got a history of driving a vehicle under the influence of addictive material, alcohol, or drugs? And you still want cheap auto insurance quotes, AK, then we have collected the best auto insurance companies that offer affordability even if you have a DUI history.
The rates of different insurance companies after a DUI are as follow:
| Company | Annual Payment |
| Umialik | $1,087 |
| Geico | $1,165 |
| USAA | $1,278 |
| Progressive | $1,347 |
| State Farm | $1,516 |
| Allstate | $1,789 |
| Hartford | $2,067 |
| Liberty Mutual | $2,152 |
| Country Financial | $2,324 |
The rates are an average of different insurance companies. The actual rates may vary according to your actual violations and history. For instance, a driver who has committed DUI in the last year is most likely to be charged the highest full coverage cost.
The rates of the insurance companies given do not guarantee your eligibility to get auto insurance. The companies might reject your insurance request by closely analyzing all the facts of your specific scenario. Therefore, it is important to check the available options for car insurance after DUI.
Furthermore, some insurance companies might penalize you for a longer time for committing DUI than the other insurance companies. Similarly, as the time to your last DUI increases, you can revise your premium rates with the insurer accordingly.
Best Car Insurance In AK For Young Drivers
We have already discussed a lot about the higher insurance premiums for young drivers in Alaska. But, how can the young drivers who are in their early twenties make the most savings from the available auto insurance options Alaska?
Although every insurer considers personal factors for giving a quote to a specific driver, some standard best car insurance quotes AK for young drivers.
| Company | Annual Payment |
| State Farm | $1,398 |
| Allstate | $1,425 |
| Progressive | $1,466 |
| Geico | $1,498 |
| USAA | $1,536 |
| Country Financial | $1,589 |
| Liberty Mutual | $1,672 |
| Hartford | $1,845 |
| Travelers | $1,887 |
The rates depict the full coverage premium for young drivers having a clean driving record, no DUI, and young good driver discounts. Therefore, the exact amount of premium charged by each insurer will be decided at the time of your information submission. These rates are a good standard for getting an idea about average rates.
Being a young driver, you can not claim or get a very cheap auto insurance AK. However, bargaining, shopping around, and personal factors like clean driving, good student discount, location, and car safety equipment are some balls you can use to get relatively cheap car insurance in Alaska.
Alaska Full Coverage Auto Insurance Cost
According to data from Value Penguin, the Alaska average full coverage auto insurance cost is $1,552. However, the two of the cheapest options available for full coverage car insurance AK were:
| Company | Annual Payment |
| State Farm | $1,254 |
| Geico | $1,298 |
| Allstate | $1,342 |
| USAA | $1,389 |
| Progressive | $1,397 |
The average of both insurers is around $1,370 making them almost 12% lower than the state average cost. However, it must be noted that the full coverage auto insurance AK covers the collision and comprehensive coverages.
If we look at the most costly auto insurance under full coverage policy in Alaska, the following are the carriers:
| Company | Annual Payment |
| Allstate | $1,756 |
| Progressive | $1,792 |
| Geico | $1,847 |
| State Farm | $1,935 |
| USAA | $1,978 |
Cheap Car Insurance Companies In Alaska For Drivers With Bad Credit
It is understood that any driver with a bad credit score is more likely to buy a higher premium payment policy. The higher charges are also obvious as such a driver is more likely to do an accident or even insurance fraud.
FICO score is the most reliable and credible measure in the USA for assessing an individual’s credit score. The FICO score hit a record 704 around the USA and an average of 708 in Alaska. The higher the FICO score, the more good the credit rating of the individual.
Now, let’s come to the cheap car insurance options in Alaska for bad credit-scored drivers. You cannot find a very cheap option; however, you can save some amount by shopping around and looking for various insurers. Any individual below the FICO score of 670 should consider himself under subprime credit. Such drivers should look around to get the most affordable coverage for them.
There are no obvious shortcuts to increase your credit score and get cheap auto insurance Alaska. However, you can take the necessary steps to increase your rating. For instance, paying off your debt and dues on credit cards, etc.
Cheap Car Insurance Quotes In AK For Seniors
According to the National Highway Traffic Safety Administration (NHTSA) studies, senior drivers are more likely to receive traffic citations for not turning properly, running red lights, and other traffic violations. The same study suggests that the probability of fatal crashes significantly rises after a driver has crossed 70.
Some other statistics issued by the NHTSA, 19% of all fatal crashes were caused by older people. So, what can the senior drivers do to get affordable car insurance in Alaska that ensures maximum coverage and safety?
The answer is that senior citizens can treat themselves for different discounts once they comply with the prerequisites. For example, a senior citizen can claim a discount for completing the safe driving course, choosing a safer vehicle, limited usage, or infrequent driving.
With such compliance, a senior driver can save a lot on his auto insurance Alaska and also comply with maximum safety features.
Car Insurance In Alaska Rates By Marital Status
It is an established norm that the married couples generally pay higher premiums than single individuals. The higher rates are probably more than one individual covered under the policy and the probability of having a teenage driver in the family. Married couples are also more likely to own multiple vehicles. Therefore, they will automatically pay more for the number of vehicles covered under insurance.
On average, a single driver will pay around $120 per month, and a couple will pay an average of $129 per month for their car insurance AK.
Car Insurance In Alaska Rates By Education
Getting a different quote for insurance premiums for a different education level is not a very common practice. However, many insurance companies incentivize more educated drivers with lower premiums. If we specifically discuss Alaska’s scenario, an average high school diploma holder will pay around $117 per month for auto insurance. However, a driver having a Bachelor’s degree will pay $102 per month on average.
How Are Car Insurance Rates Calculated In Alaska?
We know that a car insurer in any part of the world will consider various factors for calculating a premium coverage cost. The most common factors taken into account are age, location, gender, driving history, license, vehicle, number of members, and such details.
If you are residing in any city of Alaska, the list of factors considered by insurers in Alaska will help you prepare for your auto insurance quote AK.
- Age of the driver
- Driving Record
- Credit Score
- Location
- Frequency of Driving
- Safety Equipment
- Safe driving courses
- Model, Year, Make of Vehicle
- Number of Vehicles
- Annual Mileage
- History of Drivers in Your Location
The last factor is often confusing and incomprehensible for many drivers. Let’s explain it. Any insurance carrier is mitigating the maximum risks. Suppose you reside in a history of more than average car crashes, collisions, or other accidents. In that case, the quote issued to you will comprise of overall risk associated with the car crashes history in your location. The insurers do this so that if a claim rises, they have enough funds to payout.
But there should be no confusion that the individual driver with an accident history will pay the most part of the risk premium. However, a slight spike in the average insurance premiums in such areas will be practiced by insurance carriers.
How To Save Money On Car Insurance In Alaska?
Irrespective of age, gender, class, credit score, driving record, compliance with rules, marital status, or profession, every driver’s main goal is to save maximum on their car insurance. But, no individual wishes to trade off the quality of insurance for just saving a few bucks or dollars!
Along the way, we have shared numerous ways that can help you lower your auto insurance costs in Alaska. We are concluding some ways you can adopt for saving money on your car insurance Alaska from all the discussion.
- Bundling up your auto insurance Alaska with other policies like home insurance.
- Bundling up auto insurance for multiple vehicles.
- Paying up the annual premiums instead of monthly spread.
- Usage-based policies; senior drivers infrequently drive, a high school student who drives only for a certain time in a year, etc.
- Shopping around and collecting cheap car insurance quotes AK from best insurance carriers
- Closely monitoring the changes in prices of your premium coverage.
Final Words
We hope this guide will help you to find the most optimum and cheap auto insurance AK that matches your needs and profile. We have tried to cover most aspects of auto insurance Alaska for people residing in the Alaskan State.
