If you’re searching for affordable car insurance in Alaska, you’re in for an unpleasant surprise. Annual premium rates increased from $1,195 in 2018, to $1,450 in 2019, which is an increase of almost 21.3%, according to 2019 data from the Insurance Information Institute.
Liability coverage is the only auto insurance coverage you are required to carry under Alaska law. Liability coverage provides protection from claims made by others for damages that might arise out of an auto accident that you caused.
Our primer on the types of insurance is a great starting point. Once you understand the basic terms and different types of coverage available, start by getting auto insurance quotes from different companies. Your rate will depend on various factors like your driving history, residential address and credit score along with the make, model and year of your vehicle. The Insurance Information Institute suggests getting car insurance quotes from at least three different companies to see which company can offer you the best deal.