Best Car Insurance Companies in Anchorage, AK


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ByMark Fitzpatrick
Edited byAshley Jacobs
ByMark Fitzpatrick
Edited byAshley Jacobs

Updated: May 20, 2024

Advertising & Editorial Disclosure

GEICO is your best bet if you want the top-performing insurer or the cheapest policy. Young adults and senior drivers will likely find a great deal with this insurer. State Farm is our top pick if you highly value customer service. It’s also the most ideal choice for teens and drivers with offenses. We selected Allstate for drivers with newer cars.

Assess your needs and driver background so you can pick the best carrier for you. If affordability is a top priority, MoneyGeek outlined the cheapest car insurance providers in Anchorage.

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2024

Table of Contents (Jump to Your Best Fit)

We analyzed information from the Alaska Division of Insurance and Quadrant Information Services to determine the best car insurance companies in Anchorage. Our custom scoring system included claims processing ratings, add-on coverage features, affordability and financial stability.

7,908Quotes Analyzed
 
6Companies Compared

Best Overall Car Insurance in Anchorage

In Anchorage, the top two best car insurance auto insurance companies are:

  • GEICO: MoneyGeek score 75 out of 100 ($837 per year)
  • State Farm: MoneyGeek score 74 out of 100 ($859 per year)

GEICO’s highest scores were for affordability and satisfaction, showing it offers an excellent balance of these critical factors. USAA received a MoneyGeek score of 85 out of 100, making it a top company for drivers with a military background.

If you’re looking for the top auto insurance option in Alaska, State Farm outshines the competition for the general population, while USAA is best for military families.

How was this MoneyGeek score calculated?

GEICO

pros

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Charges the least expensive rates at $837 per year

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Scores well in customer satisfaction

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Mechanical breakdown, antique/classic car and accident forgiveness insurance available

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Below-average claims reputation

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Few add-on coverages available

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No deductible modification or gap insurance

COMPANY HIGHLIGHTS

GEICO stands out as an exceptional choice for car insurance due to its affordable rates and top-notch service. One of its unique offerings is mechanical breakdown insurance (MBI), which provides extensive protection for all parts and systems of your vehicle. You get more robust protection at a cheaper rate than the usual dealer-extended warranty. You can use this add-on if your car is less than 15 months old and has a mileage below 15,000. It’s a handy feature that can financially protect your car.

Accident forgiveness is another valuable add-on that protects you against rate increases following your first at-fault accident. You must have a clean driving record for at least five years and be 21 years old and above. GEICO also offers antique/classic car coverage for people who collect cars.

Read MoneyGeek's GEICO Auto Insurance Review

How the Best Insurers in Anchorage Rank: MoneyGeek Scores and Costs

GEICO is MoneyGeek’s top pick in Anchorage out of five insurers because it balances affordable premiums with stellar customer satisfaction. State Farm is our runner-up and earned the highest scores in service quality but fell short in affordability since it offers policies that are $22 more expensive than GEICO.

The rates listed are for a full coverage policy. We only included auto insurance companies in our rankings if there was enough data available to score financial stability, affordability and customer service.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
GEICOMoneyGeek Score (out of 100)75Annual Premium$837Satisfaction Score (out of 5)4Claims Score (out of 5)2Coverages Score (out of 5)3Stability Score (out of 5)5
State FarmMoneyGeek Score (out of 100)74Annual Premium$859Satisfaction Score (out of 5)4Claims Score (out of 5)2Coverages Score (out of 5)3Stability Score (out of 5)5
AllstateMoneyGeek Score (out of 100)57Annual Premium$1,031Satisfaction Score (out of 5)3Claims Score (out of 5)2Coverages Score (out of 5)4Stability Score (out of 5)4
Umialik InsuranceMoneyGeek Score (out of 100)No DataAnnual Premium$1,091Satisfaction Score (out of 5)5Claims Score (out of 5)No DataCoverages Score (out of 5)0Stability Score (out of 5)4
ProgressiveMoneyGeek Score (out of 100)44Annual Premium$1,238Satisfaction Score (out of 5)3Claims Score (out of 5)2Coverages Score (out of 5)4Stability Score (out of 5)4

Best Car Insurance in Anchorage for Customer Service

Independently of cost, the top-performing auto insurance providers for customer satisfaction are:

  • State Farm: MoneyGeek score 58 out of 100 ($859 per year)
  • GEICO: MoneyGeek score 57 out of 100 ($837 per year)

State Farm is an exceptional provider in this category because it received the highest marks in customer service and has an average rating in coverages. It also scored well in affordability, so you don’t sacrifice cost for service.

How was this MoneyGeek score calculated?

State Farm

pros

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Strongest ratings in service quality

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Provides a decent amount of coverage options

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Rental car reimbursement and roadside assistance add-ons available

cons

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Received relatively low marks in claims processing

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No accident forgiveness or deductible modification

COMPANY HIGHLIGHTS

State Farm offers reliable customer service with useful supplementary coverages. Virtually all types of drivers can benefit from add-ons like rental car reimbursement and roadside assistance.

If you are in an at-fault accident, rental car reimbursement helps pay for car rental expenses such as accommodation, meals and transportation up to $500. Policyholders are also entitled to a $500 deductible reimbursement. You can also purchase roadside assistance to quickly access help if you get into an accident or if your car breaks down. This covers mechanical labor for up to one hour, towing plus gas, battery or oil delivery. You even get covered for the cost of a tire change and locksmith labor in case your key is lost or locked inside.

You can get this excellent service at an affordable price, so you don’t compromise your budget just to get great support from State Farm.

Read MoneyGeek's State Farm Auto Insurance Review

What Makes an Insurer Best for Customer Service?

An auto insurance carrier with outstanding customer service should provide the assistance you need when you file a claim or have a concern. State Farm earned the top spot due to its service quality ratings from J.D. Power combined with available coverage options. While Progressive has noticeably more coverage options and the highest claims management rating, it provides the most expensive premiums in Anchorage.

Best Cheap Car Insurance in Anchorage

We examined car insurance companies based on their affordability and customer service for a minimum coverage policy. The best insurers for baseline coverage in Alaska:

  • GEICO: MoneyGeek score 78 out of 100 ($442 per year)
  • State Farm: MoneyGeek score 76 out of 100 ($454 per year)

Minimum car insurance requirements in Alaska apply to all cities in the state. These policies are budget-friendly but may not provide adequate coverage since they don’t offer financial protection for damages to your vehicle.

How was this MoneyGeek score calculated?

GEICO

pros

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Has the cheapest policies, costing $442 per year

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Scored well for customer service

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Get a cheaper rate for bundling, safe driving and daytime running lights

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Scored below-average marks in claims management

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No paperless or pay-in-full discount

COMPANY HIGHLIGHTS

GEICO not only offers exceptional service quality but also has the most affordable rates for a minimum coverage policy in Anchorage. Drivers can also take advantage of various discounts to further reduce the insurer’s already-cheap premiums.

Snag a lower rate when you insure more than one vehicle or bundle your home, renters or auto insurance. A clean driving record can also help you secure lower rates, especially if you have been claims-free for five years or more. You can install safety features such as airbags, anti-theft systems and anti-lock brakes to qualify for a discount with GEICO. Another great perk that policyholders can access is rare discounts like when they always use a seat belt usage or when they install daytime running lights in their vehicle.

Read MoneyGeek's GEICO Auto Insurance Review

What Makes an Insurer the Best Cheap Option?

Choosing the most affordable insurer may not always guarantee the best customer experience. However, with a top-performing auto insurance company, you can have the best of both worlds. GEICO checks both of these boxes, making it a clear winner in this category. Allstate is the second-cheapest option but has better customer service ratings than GEICO.

Best Car Insurance in Anchorage for Young Adults

Young drivers in Anchorage will most likely find the best auto insurance rates from:

  • GEICO: MoneyGeek score 75 out of 100 ($830 per year)
  • State Farm: MoneyGeek score 69 out of 100 ($1,008 per year)

GEICO charges the most affordable average monthly premiums paired with top-notch service quality, so you can get an amazing deal. We researched the best car insurance for young adult drivers to help you pick the most ideal options available.

How was this MoneyGeek score calculated?

GEICO

pros

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Charges the cheapest average premiums at $830 per year

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Great score in customer service

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Driver’s education and distant student discounts available

cons

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Below-average rating in claims management

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Only offers few supplementary coverages

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No distant student discount

COMPANY HIGHLIGHTS

GEICO provides affordable premiums and stellar customer satisfaction, setting it apart from the competition. These factors are especially useful for younger drivers who might be more likely to need to file a claim or want lower premiums to save money.

This insurer provides age-specific discounts that are especially useful for young drivers, namely good student and driver's education discounts. Full-time students who maintain good academic standing and those who complete an accredited driver's education course will likely qualify for cheaper premiums.

You can also take advantage of handy add-ons like roadside assistance to help pay for flat tire changes, towing, jump start and lockout expenses. Accident forgiveness is also ideal for young drivers since it prevents premiums from reaching sky-high rates after your first at-fault accident. Policyholders can purchase this or be at least 21 years old with a violation-free record for a minimum of five years.

Read MoneyGeek's GEICO Auto Insurance Review

What Makes an Insurer Best for Young Adults?

For young drivers in their 20s, it's important to find a provider that offers affordable premiums, excellent service quality and multiple opportunities to save. GEICO hits each of these criteria. Our runner-up, State Farm, earned higher ratings in customer satisfaction and offers a distant student discount but has pricier rates that cost $178 more.

Best Car Insurance in Anchorage for Teens and Their Families

In Anchorage, the top car insurance carriers for a 16-year-old male included in a family policy are:

  • State Farm: MoneyGeek score 76 out of 100 ($3,085 per year)
  • GEICO: MoneyGeek score 74 out of 100 ($2,396 per year)

Of the four providers in our study, State Farm offered the second most affordable option and scored the highest in customer satisfaction, making it the best car insurance for teen drivers.

Auto insurance premiums for teenage drivers typically cost more. Teens can save on premiums by joining their family’s existing policy. A male teen purchasing a separate policy in Anchorage costs $1,930 more, which is a 39% increase.

How was this MoneyGeek score calculated?

State Farm

pros

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Second-cheapest provider in Anchorage

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Earned the strongest marks in service quality

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Offers driver’s education and good student discounts

cons

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No accident forgiveness add-on

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Limited coverages

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Low marks in claims processing

COMPANY HIGHLIGHTS

State Farm has relatively low-cost rates paired with high-quality customer service. Since premiums for teen drives are usually pricey, State Farm is a great pick because it offers multiple discount opportunities. If you earn a B average, maintain a 3.0 GPA or are a part of the top 20% in your class, you can get a good student discount. Completing a driver's education course can also qualify you for a discount. Drivers who attend college far away from their homes and only use their car at home can benefit from a distant student discount.

With State Farm, you can also get rental car and travel reimbursement as well as roadside assistance. In the event you are in a covered accident, rental car and travel reimbursement pay for the cost of borrowing a car, whereas roadside assistance helps pay for costs related to gas delivery, tire changes and towing services.

Read MoneyGeek's State Farm Auto Insurance Review

What Makes an Insurer Best for Teens?

Teen drivers searching for auto insurance policies should prioritize companies that offer affordable quotes, high-quality service and useful perks for teens, such as driver’s education discounts and accident forgiveness. State Farm is our top pick because it offers all of these benefits. GEICO has the most affordable rates but received a lower score in customer satisfaction.

Best Car Insurance in Anchorage for Seniors

Senior drivers in Anchorage can get the best auto insurance policies with the following companies:

  • GEICO: MoneyGeek score 75 out of 100 ($742 per year)
  • State Farm: MoneyGeek score 73 out of 100 ($793 per year)

GEICO scored well in affordability and service quality, making it the best car insurance for seniors in Anchorage. Drivers in their 60s tend to pay the same rates as their counterparts between 30 and 50 years old, but drivers in their 70s are usually charged more expensive rates due to their increased risk on the road.

How was this MoneyGeek score calculated?

GEICO

pros

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Accident forgiveness available

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Has the least expensive premiums

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Excellent customer service score

cons

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Provides relatively few coverage options

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Claims management rating is below average

COMPANY HIGHLIGHTS

With GEICO, you don’t need to sacrifice excellent service quality for cheap premiums. This provider offers the most affordable rates in the city while delivering a great policyholder experience. Aside from mechanical breakdown insurance (MBI), GEICO offers accident forgiveness.

You may qualify for accident forgiveness if you’ve had a clean driving record for at least five years. This can help protect you from premiums skyrocketing after your first at-fault accident. If you’re not eligible, you can purchase it. GEICO also provides ways for older adults to save with its senior discount as long as you’re over the age of 50. You can even take advantage of common yet beneficial add-ons like roadside assistance and rental car and travel reimbursement if you drive often. These supplementary coverages can provide peace of mind, especially in stressful situations like when your car breaks down.

Read MoneyGeek's GEICO Auto Insurance Review

What Makes an Insurer Best for Seniors?

Seniors are generally regarded as safe drivers and may benefit from cheap auto insurance quotes. We encourage you to choose providers that have cheap premiums and personal injury protection (PIP) to cover medical costs in case of an accident.

GEICO is an excellent option since it offers senior-specific discounts, affordable rates and several add-on options. While State Farm received higher marks in customer service, its premiums are slightly pricier than GEICO’s rates.

Best Car Insurance in Anchorage for Drivers With Offenses

Those with a driving offense on their record can get the best policies from:

  • State Farm: MoneyGeek score 76 out of 100 ($972 per year)
  • Progressive: MoneyGeek score 49 out of 100 ($1,504 per year)

State Farm provides the cheapest rates and best customer service. Premiums usually increase based on the severity of the offense. Compared to an Anchorage driver with a clean record, those with a DUI or speeding ticket pays $322 and $170 more, respectively.

You can still purchase the best car insurance companies for drivers with poor records and save on your bills.

How was this MoneyGeek score calculated?

State Farm

pros

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Charges the cheapest rates at $972 per year

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Earned the top spot in customer satisfaction

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Roadside assistance and rental car reimbursement available

cons

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Relatively low ratings in claims management

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Doesn’t provide accident forgiveness or new/better car replacement coverage

COMPANY HIGHLIGHTS

State Farm is an exceptional auto insurance provider for drivers with a poor driving record since it offers the cheapest rates while balancing a strong customer service reputation. While it doesn't provide accident forgiveness or new or better car replacement coverage, policyholders can take advantage of rental car and/or travel reimbursement and roadside assistance. The former covers costs up to $500 for meals, lodging and transportation after an at-fault accident. Emergency roadside service helps pay for towing services, mechanical repairs, plus gas or tire deliveries.

You can also get a variety of discounts with State Farm, such as when you install daytime running lights or anti-lock brakes. Discounts like these are ideal so you can have an extra opportunity to save on your car insurance premiums.

Read MoneyGeek's State Farm Auto Insurance Review

What Makes an Insurer Best for Drivers With Offenses?

For drivers with a bad driving history, an ideal auto insurance provider should provide relatively low quotes, handy discounts and useful coverage options, specifically accident forgiveness and roadside assistance.

As our top pick, State Farm meets most of the criteria for an exceptional car insurance company in Anchorage. Progressive is another great pick since it offers more add-on coverages but has more expensive rates than State Farm.

Best Car Insurance in Anchorage for Drivers With New Cars

In Anchorage, Allstate is the only top provider that offers new car replacement coverage, garnering a MoneyGeek score of 73 out of 100. Allstate delivers above-average customer satisfaction, and a full coverage policy costs roughly $1,654 per year.

How was this MoneyGeek score calculated?

Allstate

pros

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An average policy costs approximately $1,654 per year

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Offers a new car replacement add-on

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Has a variety of supplementary coverages, like custom parts coverage and sound system coverage

cons

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Customer service rating is somewhat low

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No airbag or antique/classic car coverage

COMPANY HIGHLIGHTS

We recommend Allstate as the top choice for drivers with new vehicles since it provides comprehensive coverage options, specifically new car replacement. The value of a car decreases as soon as it's driven off the lot, so new car replacement coverage can provide you with extensive financial protection. If your newly-purchased vehicle gets totaled in an accident within two years of its model year, Allstate allows drivers to replace their car with a brand-new model.

Allstate also offers unique coverage options, like custom parts coverage, to help protect modified features like height-extending roofs or custom murals. You can also include sound system coverage in your policy if you want a financial safety net against damage to your car's permanently installed sound system. Policyholders may even benefit from accident forgiveness, deductible modification and gap insurance.

Read MoneyGeek's Allstate Auto Insurance Review

What Makes an Insurer Best for Drivers With New Cars?

We ranked insurers in Anchorage based on cost and customer scores for drivers with a 2022 car model. Only providers with better or new car replacement coverage made the cut since these are among the most important add-ons for drivers with a new car. Allstate not only offers relatively cheap rates but delivers multiple supplementary coverage options.

How to Find the Best Car Insurance in Anchorage for You

While weighing the different options in Anchorage, consider factors such as affordability, service quality, claims processing and financial stability. MoneyGeek offers a detailed analysis for each carrier, but it’s wise to explore other options and do your own research.

1
Research customer service reputations in Anchorage

We based our analysis of J.D. Power scores and NAIC complaint ratios to evaluate a car insurance company's customer satisfaction rating in Anchorage. You can also visit the Alaska Department of Insurance website to learn more. While our guide can help you shop for the best insurance for you, you can verify our accuracy with these trusted sources.

2
Compare quotes

When gathering car insurance quotes in Anchorage, it's a good idea to have estimates from a minimum of three different carriers. Keep in mind that online quote tools usually reflect your age, location and driving history. However, expect a range when you compute your premiums since it can vary by company.

3
Find the coverages you want in Anchorage

Before choosing an insurance provider in Anchorage, make sure the coverage options and discounts you want are available. While some companies may advertise various add-ons and discounts, these might not be offered in your area. Double-check the insurer's website or contact a representative to find out whether it offers what you need.

4
Check financial stability ratings

Consider a company’s financial strength ratings since it reveals its ability to fulfill financial obligations (like paying claims) under favorable or unfavorable market conditions. Expect larger companies to have higher financial stability, while smaller regional insurers may have difficulty fulfilling claims.

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FAQs About the Best Car Insurance in Anchorage

Evaluate your specific needs and driver profile to determine the best provider in Anchorage. We answer some of the most commonly asked questions to help you pick a suitable carrier.

What is the best car insurance company in Anchorage?
What is the best cheap car insurance company in Anchorage?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.