BestAuto InsuranceAlaskaThe Best Car Insurance in Alaska for 2023
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BestAuto InsuranceAlaskaThe Best Car Insurance in Alaska
Best Overall - GEICO
Best for Customer Service - Country Financial
Best for Minimum Coverage - GEICO
Best for Young Drivers - GEICO
Best for Seniors - GEICO
Best for Bad Driving Record - State Farm
Best for Military - USAA
Best for New Cars - Allstate
Best for Low-Mileage Drivers - Nationwide
MoneyGeek also assessed the absolute cheapest car insurance providers in Alaska if you're looking for insurance coverage, notwithstanding the level of customer support.
Best Full Coverage Car Insurance Companies in Alaska: Overall
MoneyGeek’s analysis of the top car insurance companies in Alaska found that GEICO is the best provider. This is based on several factors, including average cost, claims ratings and user satisfaction.
Using the previously mentioned criteria, the two best car insurance providers in the state overall are:
- GEICO: MoneyGeek score of 77 out of 100 (approximately $882 per year)
- State Farm: MoneyGeek score of 69 out of 100 (approximately $954 per year)
For those who wanted to save money, MoneyGeek also analyzed Alaska’s most affordable full coverage car insurance options.
THE TOP CAR INSURANCE COMPANIES IN ALASKA
1
GEICOBest Overall
Score:77
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.
Average Annual Cost: $882
More About GEICO
GEICO offers mechanical breakdown insurance (MBI) that costs less than dealer warranties. This insurance covers auto parts that may not be included in a typical warranty. MBI is available for new cars that are less than 15 months old and that have fewer than 15,000 miles.
This insurer also offers accident forgiveness. This can be earned or purchased and ensures that your rates won't go up as a result of your first at-fault accident. You can either purchase accident forgiveness or earn it if you're over 21 years of age and have been accident-free for five years or more.
Beyond that, you can get roadside assistance. This coverage will pay for the cost associated with flat tires, towing, jumpstarts and lockout services.
2
State Farm
Score:69
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.
Average Annual Cost: $954
More About State Farm
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.
The insurer also provides roadside assistance that pays for towing, delivery of gas or oil, locksmith labor and more. This can be valuable if you need help when you are on the road.
State Farm also offers rental car and/or travel reimbursement. With this coverage, if you are responsible for an accident, car rental expenses up to chosen limits, travel expenses (including meals, lodging and transportation) up to $500 and up to $500 repayment of your deductible are covered.
3
Progressive
Score:63
The insurer provides a policy that costs around $1,028 per year. The company is tied in the first position for user satisfaction and ranks third for stability and claims. Progressive offers custom parts coverage.
More About Progressive
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.
4
Allstate
Score:63
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.
More About Allstate
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.
HOW WE DETERMINED THE BEST INSURANCE IN ALASKA
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:
Best Car Insurance in Alaska for Customer Service
The best auto insurance provider in Alaska for drivers who value customer service is Country Financial.
Based on MoneyGeek’s analysis, the best insurers for customer service in Alaska are:
- Country Financial: MoneyGeek score of 95 out of 100
- GEICO: MoneyGeek score of 91 out of 100
To determine the top car insurance companies for customer service, MoneyGeek evaluated insurers based on user satisfaction and claims scores without analyzing costs.
THE TOP TWO CAR INSURANCE COMPANIES IN ALASKA FOR SERVICE QUALITY
1
Country FinancialBest for Customer Service
Score:95
Country Financial has a user satisfaction score of 5, which is the highest among all companies analyzed by MoneyGeek. It also scored 5 out of 5 across other criteria, such as claims and affordability ratings.
More About Country Financial
Some unique coverages are provided by Country Financial. For example, 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.
These coverages can be extremely beneficial for customers. Since your comprehensive deductible does not apply with this coverage for these repairs, the glass deductible modification is especially helpful if you reside in a region where windshield or headlight damage from weather events is frequent. Your personal belongings taken from your car, such as a phone or laptop, are covered by the portable electronics and media coverage up to an amount of $800.
2
GEICO
Score:91
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.
More About 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.
Mechanical breakdown insurance, a special coverage provided by GEICO, offers superior protection at a lower cost than the normal dealer-extended warranty. It is available for new or leased cars that are under 15 months old and have fewer than 15,000 miles on them. It encompasses all parts and systems.
Furthermore, Accident Forgiveness can help customers save money if they are in an accident by ensuring their premiums don’t rise. This coverage is available at an added cost or for customers who have been accident-free for a specific amount of time.
Best Car Insurance in Alaska for Minimum Coverage
Based on pricing and service quality for minimum coverage car insurance that only complies with Alaska's minimum coverage standards, MoneyGeek ranked the best inexpensive auto insurance companies in Alaska.
With these factors, the top car insurance companies in Alaska for drivers on a budget are:
- GEICO: MoneyGeek score of 84 out of 100 (approximately $453 per year)
- Allstate: MoneyGeek score of 79 out of 100 (approximately $502 per year)
MoneyGeek rated Alaska’s cheapest minimum coverage auto insurance, looking at a blend of affordability and quality service.
MoneyGeek’s Pick: GEICO
pros
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
cons
Does not offer any discount on paperless billing
No pay-in-full discounts available
COMPANY HIGHLIGHTS
When it comes to pricing, stability and savings, GEICO offers outstanding ratings. It also has an above-average rating for customer satisfaction. The company does provide reasonably priced auto insurance, despite its middling complaint score.
You can save on insurance premiums with the various discounts that GEICO offers. For example, you can get a discount for insuring multiple cars. As a GEICO policyholder, you can also take advantage of discounts by installing an anti-theft system in your car. These safety and security measures are valued by GEICO, creating discount opportunities for policyholders.
GEICO policyholders are able to submit a claim online via the company's website. You can also file a claim via the smartphone app for those who prefer it. Calling the company's customer service number is an additional option for filing claims.
Best Car Insurance in Alaska for Young Drivers and Students
In Alaska, GEICO is the best provider for students and young drivers. To cater to the unique needs of young drivers, students and new drivers, MoneyGeek rated the best insurers in Alaska for these groups based on customer service and the cost of insurance. The top providers in the state for young drivers are:
- GEICO: MoneyGeek score of 94 out of 100
- State Farm: MoneyGeek score of 66 out of 100
The research by MoneyGeek included rates for college and high school students in Alaska who were in their late teens or early 20s.
Insurance premiums for new drivers and students can be very expensive. To help you save money, MoneyGeek also selected the most affordable young driver auto insurance in Alaska.
MoneyGeek’s Pick: GEICO
pros
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
cons
Does not offer a distant student discount
COMPANY HIGHLIGHTS
For all types of drivers, including new drivers and students, GEICO provides affordable insurance. The fact that GEICO sells policies directly on its website in order to reduce costs is a significant component in maintaining the company's insurance rates low.
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 Seniors
Based on cost and a company's standing among senior citizens who value good customer service, MoneyGeek picked the top Alaska auto insurance providers for them. Here are these companies:
- GEICO: MoneyGeek score of 94 out of 100 (approximately $873 per year)
- State Farm: MoneyGeek score of 86 out of 100 (approximately $941 per year)
For the purposes of calculating the company scores, affordability and senior service were given equal weight. Additionally, MoneyGeek found a number of affordable auto insurance for seniors in Alaska.
MoneyGeek’s Pick: GEICO
pros
Affordable senior insurance rates at $873 per year
Perfect financial stability and claims rating
Provides discounts for senior drivers
cons
No coverage for new car replacement or better car replacement
Doesn’t offer paperless discounts
COMPANY HIGHLIGHTS
Even though GEICO offers affordable premiums and top-notch service, it is important to note that car insurance rates for senior drivers are typically higher. Seniors who purchase coverage from GEICO can benefit from extra services like towing and jumpstarting. GEICO also provides senior drivers with the chance to lower their premiums. The company offers drivers over 50 years old a discount. For instance, seniors who successfully finish a defensive driving course can qualify for discounts.
Seniors who use GEICO can also benefit from coverage for accident forgiveness, rental car reimbursement and roadside assistance. While roadside assistance covers the cost of flat tires and lockout services, rental car reimbursement covers the cost of a rental car if the car is undrivable for more than 24 hours as a result of an accident that is covered.
Best Car Insurance in Alaska for Bad Driving Records
State Farm is the best auto insurer in Alaska for drivers with poor driving records. Using MoneyGeek’s criteria, the top two providers in Alaska for drivers with poor driving records are:
- State Farm: MoneyGeek score of 83 out of 100 (approximately $1,129 per year)
- GEICO: MoneyGeek score of 81 out of 100 (approximately $1,277 per year)
Your insurance premium in Alaska will depend on your driving history. Based on customer service and average rates, MoneyGeek evaluated the top insurance companies for drivers with at-fault accidents.
MoneyGeek also researched the least expensive auto insurance in Alaska for those with DUIs or poor driving records for people who are trying to save money.
MoneyGeek’s Pick: State Farm
pros
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
cons
Does not offer accident forgiveness, new car replacement or better car replacement
COMPANY HIGHLIGHTS
State Farm provides the best car insurance coverage for drivers with a poor record. A 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.
While the coverage options State Farm offers are minimal compared to some of the other insurers available in the state, the company’s low rates and satisfaction ratings give it a competitive edge.
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 perfect score of 100, with an average annual cost of $328 for a minimum car insurance policy in the state and $619 per year for military drivers who want a full coverage policy.
MoneyGeek’s Pick: USAA
pros
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
cons
USAA policies are limited to military members and their families
COMPANY HIGHLIGHTS
USAA offers some of the cheapest policies as well as the best service in Alaska. The insurer also 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. It 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 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 Those With New Cars
MoneyGeek determined the best insurers in Alaska for individuals looking for new car replacement coverage. For drivers with a new car, the best provider in the state is Allstate, with a MoneyGeek score of 63 out of 100 (costing approximately $1,074 per year).
This coverage pays for the cost of replacing your new car with a similar model if it gets 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.
MoneyGeek’s Pick: Allstate
pros
Offers new car replacement coverage
MoneyGeek claims rating of 5 out of 5
MoneyGeek user satisfaction score of 4 out of 5
cons
Relatively expensive policy at an average of $1,074 per year
Does not offer better car replacement coverage
COMPANY HIGHLIGHTS
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 it.
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.
Additionally, Allstate provides special coverage options, including portable electronics and media coverage, which reimburses you for misplaced media like CDs and tapes, as well as sound-system coverage. To cover any equipment or parts that have been specially made for your car, such as unique carpeting, bars, decals or graphics, you can also choose bespoke parts coverage.
Best Car Insurance in Alaska for Low-Mileage Drivers
The best pay-per-mile coverage for drivers in Alaska is from Nationwide. Typically, pay-per-mile coverage means that the cost of your car insurance will depend on the number of miles you drive. See how Nationwide compares with other providers on the least expensive low-mileage coverage.
MoneyGeek’s Pick: Nationwide
pros
Nationwide SmartRide offers affordable coverage for low-mileage drivers
cons
If you drive regularly, this coverage might turn out to be more expensive than the regular car insurance policy
COMPANY HIGHLIGHTS
Nationwide’s pay-per-mile program in Alaska is called 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.
Your premium with SmartMiles is determined by two factors, including a base rate and a variable rate (cost per mile). After paying the base rate, a variable fee is added for any further miles driven. Because your rate is mileage-based, the variable portion will change from month to month depending on how far you drive.
You only have to pay for the first 250 miles you go in a single day if you follow the company's road trip exemption. Additionally, if you drive safely, you could save 10%.
How to Find the Best Car Insurance in Alaska 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.
1
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.
2
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.
3
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.
4
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.
About Mark Fitzpatrick
sources
- Alaska Division of Insurance. "Auto insurance in Alaska." Accessed September 20, 2021.