Cheapest Car Insurance in Anchorage (2026)

GEICO charges Anchorage's lowest minimum coverage rates at $50 monthly or $600 annually, while also offering the cheapest full coverage at $104 per month. These premiums apply to drivers with clean records. Your age and driving history play major roles in determining which provider gives you the lowest premium, so requesting quotes from multiple carriers reveals your best available rate.

Alaska drivers statewide often spend $43 monthly for minimum coverage and $102 for full coverage. Anchorage residents pay $56 per month for minimum coverage and $131 per month for full coverage.

The city's harsh winter conditions create more accident risks, while dense traffic patterns and higher crime rates drive up claims frequency. These urban factors push Anchorage's insurance costs well above state averages. 

Getting quotes from multiple insurers helps drivers find the most competitive rates available in the city.

Read More: The cheapest car insurance in Alaska

Age is one of the main factors that affects car insurance costs in Anchorage. Young drivers average $334 per month among the five lowest-cost insurers, while adults pay about $145 and seniors average $188. New drivers see higher rates due to limited experience and a greater likelihood of accidents compared with more experienced motorists.

Cheapest Anchorage car insurance by age:

• Young drivers: GEICO at $217 per month
• Adult drivers: GEICO at $104 per month
• Senior drivers: GEICO at $116 per month

Once drivers establish experience, age matters less for pricing. The modest difference between adult and senior rates shows insurers treat experienced drivers similarly whether they're 40 or 70 years old.

Young drivers in Anchorage pay higher insurance rates, with an average cost of $334 per month compared to $145 for adults. GEICO offers the lowest full coverage rate at $217 per month, or $2,601 annually. Insurers charge more for drivers ages 16 to 25 due to limited experience and a higher number of accidents and traffic violations.

Choosing GEICO instead of Progressive at $455 per month saves young drivers about $238 each month. Adding a young driver to a family policy often costs less than purchasing a separate policy, though higher rates usually remain until age 25.

Note: Teen drivers under 18 may need parental consent and must meet Alaska's licensing requirements before purchasing insurance.

Seniors in Anchorage often see competitive insurance rates due to long driving histories and clean records. GEICO provides the lowest full coverage price at $116 per month, or $1,395 annually, although some insurers adjust rates for drivers over 70 based on reaction time considerations.

Among the city’s five lowest-cost insurers, seniors pay an average of $188 per month, which is $43 higher than the $145 average for younger adults.

Choosing GEICO instead of Progressive at $263 per month saves seniors about $147 each month. Taking a defensive driving course or driving fewer than 7,500 miles per year can also help reduce premiums.

Drivers ages 26 to 64 see some of Anchorage’s most competitive insurance rates due to their driving history and lower accident risk compared with other age groups. GEICO offers the lowest full coverage price at $104 per month, or $1,245 annually, giving adults access to the best available rates. 

Among Anchorage’s five most affordable insurers, drivers in this age range average $145 per month, the lowest cost across all age categories. Adults can save about $70 per month by choosing GEICO instead of Western National Insurance at $174. Keeping a clean driving record and bundling policies can also help lower premiums.

Driving violations raise insurance costs across Alaska’s largest city. GEICO offers the lowest rates for drivers with clean records at $50 per month and for those with speeding tickets at $61 per month, while State Farm has the lowest pricing for DUI violations at $62 per month. 

Among the five cheapest insurers, average rates rise from $61 for clean records to $73 after a speeding ticket, $86 after an at-fault accident, and $79 for DUI convictions. At-fault accidents lead to higher premiums because they involve confirmed damage or injuries and signal greater risk to insurers. 

DUI offenses combine unsafe driving with legal penalties, often placing drivers in the highest-risk tier and requiring SR-22 filings to regain driving privileges. Speeding tickets usually result in smaller increases since they point to risky behavior without a recorded crash.

Anchorage’s lowest minimum coverage rate appears in ZIP code 99502 at $54 per month, while ZIP code 99516 has the highest rate at $133. These differences show how location can influence car insurance costs. Check the table below to see rates for your ZIP code.

The most populated areas in Anchorage, including 99508, 99501 and 99503, each post minimum coverage rates of $131 per month. Variations across neighborhoods reflect factors such as accident history, vehicle theft, population density and uninsured drivers. 

Use the table filter to find your ZIP code and view your area’s average rate.

Smart Anchorage drivers get competitive rates without sacrificing proper coverage by knowing exactly what to compare.

Looking for affordable car insurance in Anchorage? This FAQ covers discounts, state requirements, and policy options to help you find coverage that fits your budget.

Anchorage drivers pay some of Alaska's highest car insurance rates, with premiums varying across the city's ZIP codes. We designed our research to find insurers offering the best rates for  Anchorage's unique urban driving conditions. Read more on MoneyGeek's auto insurance analysis methodology.