The Best Car Insurance in Alaska for 2022
The top car insurance companies provide a balance of customer satisfaction, affordability and financial stability. In Alaska, the best car insurance company is GEICO, which ranks first for affordability and is tied in the first position for user satisfaction, stability and claims.
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MoneyGeek determined the best car insurance companies based on the cost of coverage, customer service quality and other factors. While GEICO ranked as the best car insurance company in Alaska, you may find better options depending on what you need.
In addition, if you are simply looking for the cheapest car insurance in Alaska regardless of the quality of service, MoneyGeek’s analysis can help you find an ideal option.
The Best Car Insurance in Alaska
Best Car Insurance Companies in Alaska: Overall
MoneyGeek’s analysis of the top car insurance companies in Alaska considered several factors such as average cost, claims ratings and user satisfaction.
Based on these scores, the two best car insurance providers in the state overall are:
- GEICO: MoneyGeek score of 3.8 out of 5
- State Farm: MoneyGeek score of 3.5 out of 5
USAA received a MoneyGeek score of 5 out of 5 and is the best choice for military families. However, it is not included in this study because its policies are only available to former and current military members.
The Top 4 Car Insurance Companies in Alaska
With an annual cost of around $882, GEICO ranks first for affordability. It is also tied in the first position for user satisfaction, stability and claims. The insurer provides mechanical breakdown insurance.
GEICO offers mechanical breakdown insurance (MBI) that costs less than dealer warranties and covers parts that may not be included in a typical warranty. The MBI is available for new cars that are less than 15 months old with less than 15,000 miles. GEICO also offers accident forgiveness coverage that ensures your policy premium won’t increase due to your first accident.Read MoneyGeek's GEICO auto Insurance Review
Costing roughly $954 per year, State Farm ranks second for affordability. It is tied in the first position for user satisfaction and stability and is in third place for claims. The company offers rideshare insurance.
With State Farm’s rideshare insurance, the medical coverage, emergency roadside assistance and rental car reimbursement in your policy remain in effect even while you work for a ridesharing company. Once you are matched with a rider, all coverages except liability insurance remain in effect. It also provides roadside assistance that pays for towing, delivery of gas or oil, locksmith labor and more.Read MoneyGeek's State Farm auto Insurance Review
The insurer provides a policy that costs around $1,028 per year. The company is tied in first position for user satisfaction and ranks third for stability and claims. Progressive offers custom parts coverage.
The custom parts coverage pays for the cost of repairs or replacement of items that you add to your car such as a stereo, navigation system, etc. This coverage usually has a limit of $5,000 for parts that were not installed by the vehicle manufacturer. Progressive also provides rideshare insurance that can protect you in the event of an accident while you’re waiting for a ride request.Read MoneyGeek's Progressive auto Insurance Review
With an annual cost of roughly $1,074, Allstate ranks fourth for affordability. It is tied in the first position for claims and customer satisfaction and ranks third for stability. The insurer offers custom parts coverage.
Custom parts installed in your vehicle, such as special carpeting, height-extending roofs, decals and graphics, are included under the insurer’s custom parts coverage. It also offers portable electronics and media coverage. This pays for the loss of items such as compact discs, or similar items used with an auto sound system. Comprehensive coverage must be in effect to be eligible for these coverages.Read MoneyGeek's Allstate auto Insurance Review
MoneyGeek determined the best full coverage car insurance in Alaska by evaluating numerous full coverage policy quotes for a sample driver across various providers as well as user satisfaction and claims scores from the NAIC and J.D. Power, respectively. How much you pay may vary for each provider depending on many other factors. You can read MoneyGeek’s methodology for more information.
MoneyGeek's Alaska Car Insurance Resources:
Compare the Best Insurance Options in Alaska
Financial stability, cost and quality of service are some of the important factors that affect the cost of car insurance in Alaska. You may still need to consider other factors based on your needs, such as whether the insurer’s policy includes your preferred coverages. You can find the best auto insurance companies in Alaska by using MoneyGeek’s comparison based on in-depth customer reviews.
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Best Car Insurance in Alaska for Customer Service
MoneyGeek also ranked the top car insurance providers in Alaska based only on user satisfaction and claims scores.
Considering a combination of these two factors without taking into account the cost, the best insurers for customer service are:
- Country Financial: MoneyGeek score of 4.7 out of 5
- GEICO: MoneyGeek score of 4.6 out of 5
The Top 2 Car Insurance Companies in Alaska for Service Quality
Country Financial has a user satisfaction score of 4.5, which is the highest among all companies analyzed by MoneyGeek. With a score of 5 out of 5, it is tied in the first position for claims. This company ranks third for stability.
Country Financial policyholders can get coverage for stolen portable electronics, such as phones and laptops, up to a limit of $800. The company also offers safety glass coverage if your car windshield, windows or headlight covers need repair.Read MoneyGeek's Country Financial auto Insurance Review
GEICO is tied in the first position for claims with a score of 5 out of 5 and is second for user satisfaction with a score of 4 out of 5. With the most affordable average policy in the state, you won’t have to trade affordability for customer service with GEICO.
GEICO policyholders can get car rental or travel reimbursement which covers the cost of renting a car if your vehicle is unusable 24 hours after a covered accident. You can also get GEICO accident forgiveness to avoid higher insurance rates after your first at-fault accident.Read MoneyGeek's GEICO auto Insurance Review
Best Car Insurance in Alaska for Drivers on a Budget
MoneyGeek rated the best insurance policies in Alaska that meet the minimum requirements of the state. The companies that rank highly are those that blend affordability with quality service.
The top car insurance companies in Alaska for drivers on a budget are:
- GEICO: MoneyGeek score of 4.2 out of 5
- Allstate: MoneyGeek score of 4 out of 5
MoneyGeek’s Pick: GEICO
Affordable average annual rate of $453 for state minimum coverage
Offers bundling discounts for combining car insurance with other forms of coverage
Offers discounts for wearing a seat belt at all times
Discounts available for federal employees and military members
MoneyGeek claims score of 5 out of 5
MoneyGeek user satisfaction score of 4 out of 5
Does not offer any discount on paperless billing
No pay-in-full discounts available
You can save on insurance premiums with the various discounts that GEICO offers by insuring multiple cars and using safe driving discounts.
As a GEICO policyholder, you can also take advantage of discounts by taking a defensive driving class and installing an anti-theft system in your car. These safety and security measures are valued by GEICO, allowing for discount opportunities for policyholders.
Best Car Insurance in Alaska for Poor Driving Records
MoneyGeek also determined the best car insurance companies in Alaska for drivers with an at-fault accident. Based on the analysis, the top companies are:
- State Farm: MoneyGeek score of 4.2 out of 5
- GEICO: MoneyGeek score of 4.1 out of 5
These ratings are for car insurance options that balance affordability and the best customer service after an accident.
MoneyGeek’s Pick: State Farm
Average annual cost after an at-fault accident is $1,129 per year
Claims score of 4.5 out of 5
User satisfaction score of 4 out of 5
Provides roadside assistance and rental car or travel reimbursement
Does not offer accident forgiveness, new car replacement or better car replacement
State Farm provides the best car insurance coverage for drivers with a poor record. The policy costs an average of $1,129 per year and the company has a claims rating of 4.5 out of 5 and a user satisfaction rating of 4 out of 5.
State Farm offers the following coverages if you get into an accident:
- Roadside assistance: If you get stranded due to a problem with your vehicle, State Farm will cover mechanical labor, towing, gas delivery and more.
- Rental reimbursement: This covers transportation costs and car rental costs if you are responsible for an accident in your rental car.
Best Car Insurance in Alaska for a Military Background
If you are a current or former military member residing in Alaska, USAA is the best insurance provider based on MoneyGeek’s rating system. USAA has a score of 5 out of 5 across all categories with an average annual cost of $328 for a minimum car insurance policy in the state and $868 per year for military drivers with an at-fault accident on their record.
MoneyGeek’s Pick: USAA
An affordable full coverage policy of $619 per year on average
Claims score of 5 out of 5
User satisfaction score of 5 out of 5
Roadside assistance coverage
Military discount when you garage your vehicle on base
USAA policies are limited to military members and their families
USAA offers some of the cheapest policies as well as the best service in Alaska. The insurer has one of the best reputations in the country.
Some of the coverages and discounts offered by USAA include:
- Accident forgiveness coverage: This is provided to policyholders who remain accident-free for at least five years. This means that if you get involved in your first at-fault accident within this period, you will not be charged an additional premium on your car insurance.
- Rideshare insurance: This is for individuals whose standard coverage does not include rideshare insurance. This coverage provides protection for Uber and Lyft drivers.
- Multiple car discount: Insuring more than one car through USAA will earn you a discount.
- Mileage discount: Depending on the distance you drive each year, you may be eligible for a discount on your premium.
Best Car Insurance in Alaska for Young Drivers and Students
The best providers in the state for young drivers are:
- GEICO: MoneyGeek score of 4.7 out of 5
- State Farm: MoneyGeek score of 3.3 out of 5
MoneyGeek’s Pick: GEICO
Affordable policy for young drivers at an average of $2,265 per year
Offers a good student discount and a driver’s education course discount
Claims rating of 5 out of 5
User satisfaction score of 4 out of 5
Does not offer a distant student discount
Adding young drivers to an existing policy can be expensive, but GEICO offers affordable options along with great service. This is an important factor to consider as filing a claim could be a stressful experience and good customer support can simplify the process.
GEICO discounts benefit families with young drivers. The company offers a good student discount that lets you save money if you are a full-time student with good grades. You can also get a discount for completing a driver's education course.
Best Car Insurance in Alaska for Those With New Cars
MoneyGeek determined the best insurers in Alaska for individuals looking for a new car replacement coverage. This coverage pays for the cost of replacing your new car with a similar model should it get damaged within the first few years. If your insurer offers better car replacement coverage, you can get a newer model of your damaged car. Most insurers provide this coverage for new cars within the first five years. Keep in mind that this coverage is not part of your standard policy, so you will need to pay more for it.
The company with the highest rating for this category is Allstate, with a MoneyGeek score of 3.2 out of 5.
MoneyGeek’s Pick: Allstate
Offers new car replacement coverage
MoneyGeek claims rating of 5 out of 5
MoneyGeek user satisfaction score of 4 out of 5
Relatively expensive policy at an average of $1,074 per year
Does not offer better car replacement coverage
Allstate is a good option for new drivers because it offers new car replacement coverage. Your vehicle starts losing value as soon as you drive it off the lot and this coverage helps you get a new car in the unfortunate event of an accident soon after buying one.
Allstate offers new car replacement coverage if your car is two model years old or less. With this coverage, your car will be replaced with one of the same make and model.
Best Car Insurance in Alaska for Low-Mileage Drivers
Many insurers offer pay-per-mile coverage for drivers. This means that the cost of your car insurance will depend on the number of miles you cover. Nationwide SmartRide is the best pay-per-mile program in Alaska. See how Nationwide compares with other providers on the least expensive low-mileage coverage.
MoneyGeek’s Pick: Nationwide
Nationwide SmartRide offers affordable coverage for low-mileage drivers
If you drive regularly, this coverage might turn out to be more expensive than the regular car insurance policy
Nationwide’s pay-per-mile program in Alaska is Nationwide SmartRide. This is a mix of driving behavior and pay-per-mile coverage. Nationwide measures the number of miles driven, hard braking and acceleration, idle time and nighttime driving.
How to Find the Best Car Insurance in Alaska in For You
If you are looking for the best car insurance in Alaska, you must consider an insurer that provides a balance of quality service, affordable pricing and financial stability.
MoneyGeek analyzed the best providers in the state based on these factors, but you can compare these for yourself as well.
Research Customer Service Reputations in Alaska
MoneyGeek analyzed car insurance quotes from various providers using a sample driver profile and used these alongside NAIC complaint ratios and customer satisfaction scores from J.D. Power to determine the best insurers in Alaska. Apart from MoneyGeek’s suggestions, you can also refer to the scores from J.D. Power and the NAIC to determine the best insurer that suits your requirements. You can also check the state’s auto insurance website for more information.
Compare Quotes for Yourself
While MoneyGeek compared quotes from various locations in Alaska using a sample driver, the analysis does not cover the entire state. To get a better understanding of the costs and get the best coverage, it is advisable to compare quotes from at least three insurance companies.
Make Sure the Company Has Coverages You Want in Alaska
Before finalizing a car insurance policy, determine if the insurer provides the discounts and coverage that you need. Some insurers may advertise a certain discount or coverage but may not specify whether it is offered in Alaska.
Double-Check Financial Stability Ratings
One of the factors to check before deciding on an insurance company is its financial strength. Generally, large insurance companies are more stable, meaning that they are more likely to pay claims. Regional insurance providers in Alaska may have lower financial stability scores. These are less likely to process your claims.
FAQs About the Best Car Insurance in Alaska
How much you pay for car insurance in Alaska depends on the type of coverage you are looking for. Understanding the answers to some of the most frequently asked questions about auto insurance can help you make your decision.
MoneyGeek collected car insurance rates in Alaska in partnership with Quadrant Information Services. These calculations were based on the driver and policies as described on MoneyGeek’s cost methodology page.
Customer satisfaction, financial strength and claims satisfaction scores were derived from AM Best, J.D. Power and the National Association of Insurance Commissioners (NAIC). The list of discounts and coverages was collected from each insurer’s website.
About the Author
- Alaska Division of Insurance. "Auto insurance in Alaska." Accessed September 20, 2021.