The Cheapest Car Insurance in Alaska (September 2023)

Umialik Insurance has the cheapest car insurance in Alaska overall for various kinds of drivers. But depending on your risk factors, Allstate or GEICO may be more affordable.

MoneyGeek's rankings of the best auto insurance providers in Alaska can help you if you want a balance of affordability and service.

On average, the cheapest auto insurance providers in Alaska for a minimum coverage policy are:

• Umialik Insurance: $435 per year
• Allstate: $459 per year

With an average annual premium of $656, Progressive is the most expensive car insurance company in Alaska for minimum coverage. Bodily injury liability and property damage liability are the only coverages offered in auto insurance policies that meet Alaska's minimum requirements.

A minimum coverage policy covers only the costs associated with the harm or injury you cause others. Consider purchasing a full coverage policy that includes comprehensive and collision coverage if you desire more extensive protection. This protects your vehicle.

On average, the following providers offer the cheapest full coverage car insurance in Alaska:

• Allstate: $962 per year
• GEICO: $1,019 per year

Progressive has the most expensive full coverage auto insurance in Alaska, at approximately $1,253 annually.

Adding comprehensive and collision insurance to your car insurance policy may increase your annual premium. For example, Allstate charges $528 more for full coverage than Umialik Insurance does for minimum coverage. Full coverage car insurance offers more financial protection in the event of a claim. It protects against off-road incidents as well as on-road accidents.

The amount of car insurance you need will impact your rates. The following liability insurance limits are included in MoneyGeek's full coverage sample policy:

• $100,000 in bodily injury liability per person
• $300,000 in bodily injury liability per accident
• $100,000 in property damage liability per accident

You can lower your premiums by reducing your liability limits, dropping comprehensive and collision coverage or increasing your deductible. However, this may leave you with inadequate coverage.

The majority of auto insurers offer online quotes. To compare insurance rates, you must submit your information on multiple websites, which can take up to 15 minutes per site and requires personal details.

MoneyGeek offers a car insurance calculator for obtaining a quick estimate. Simply select your age, driving record and gender from the options below to begin. You can use this as a launching point for your car insurance search.

Your age highly affects car insurance rates in Alaska. GEICO on average are the cheapest based on you and your family's age group.

The following companies, on average, offer the cheapest car insurance in Alaska for teens on a parent's policy:

• GEICO: $2,131 per year for male teens and $1,975 per year for female teens
• State Farm: $2,541 per year for male teens and $1,995 per year for female teens

Progressive is the most expensive firm for teen customers, charging $4,547 on average for males and $4,137 on average for females.

Teens' car insurance rates decrease as they age, leaving a significant difference between a 16-year-old's premium and a 19-year-olds'. In Alaska, the provider with the most affordable rates for 19-year-old male drivers is GEICO ($1,556 per year).

These are the premiums for a 16-year-old insured under his or her parent’s insurance. Typically, adding a teen to your coverage is less expensive than obtaining a separate policy for them. A 16-year-old male in Alaska may spend $5,004 a year if he purchases his own coverage compared with $3,074 if his parents include him on their policy. This is a difference of $1,930.

Families with young drivers may qualify for rate discounts. Except for GEICO, which exclusively offers good student discounts, all of the Alaska auto insurance companies we evaluated offer both good student discounts and discounts for distant students.

On average, these are the cheapest car insurance companies for Alaska drivers in their 20s:

• GEICO: $1,009 per year
• Allstate: $1,105 per year

With an average annual rate of $1,527 for young adults, Umialik Insurance offers the most expensive auto insurance. In Alaska, drivers in their 20s pay around $47 more annually for auto insurance than middle-aged drivers.