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.
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Cheapest Minimum Liability Car Insurance in Alaska (September 2023)
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.
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Cheapest Full Coverage Car Insurance in Alaska (September 2023)
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.
How to Compare Cheap Alaska Car Insurance Quotes Online
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.
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See how the Average Annual Auto Insurance Rates vary with the options chosen.
Cheapest Car Insurance in Alaska by Age (September 2023)
Your age highly affects car insurance rates in Alaska. GEICO on average are the cheapest based on you and your family's age group.
Cheapest for teens: GEICO
Cheapest for young adults: GEICO
Cheapest for seniors: GEICO
Cheapest Car Insurance in Alaska for Teens and Their Families (September 2023)
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.
On average, car insurance rates for male teens tend to be significantly more expensive than for female teens. This rate difference is not as notable when drivers reach their 20s and beyond.
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.
Cheapest Car Insurance in Alaska for Young Adults (September 2023)
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.
Cheapest Car Insurance in Alaska for Seniors (September 2023)
On average, the following car insurance providers offer the cheapest rates for senior drivers in Alaska:
- GEICO: $893 per year
- Umialik Insurance: $950 per year
Progressive charges the most for car insurance for seniors, at approximately $1,344 annually. Senior drivers pay $69 less for auto insurance in Alaska compared with middle-aged drivers. However, rates usually increase when drivers reach their 70s and 80s.
Senior drivers in Alaska are eligible for discounts from GEICO and Allstate. Comparing providers is the best way to find affordable coverage because age is only one of the numerous factors insurers consider when determining premiums.
Cheapest Car Insurance for Higher Risk Drivers (September 2023)
Typically, auto insurance companies in Alaska charge higher premiums to drivers with a history of violations. According to MoneyGeek's findings, Umialik Insurance is the most affordable insurer for drivers after an accident, ticket or DUI.
Drivers with sports cars should choose GEICO, and people with poor credit should go with Allstate.
Cheapest after a ticket: Umialik Insurance ($1,044 per year)
Cheapest after an accident: Umialik Insurance ($1,044 per year)
Cheapest after a DUI: Umialik Insurance ($1,044 per year)
Cheapest for poor credit: Allstate ($1,250 per year)
Cheapest for sports cars: GEICO ($868 per year)
Cheapest Car Insurance in Alaska After a Ticket
On average, the following car insurance companies offer the cheapest full coverage policies to Alaska drivers with a speeding ticket:
- Umialik Insurance: $1,044 per year
- GEICO: $1,163 per year
At approximately $1,646 annually, Progressive has the most expensive auto insurance. After receiving a speeding ticket in Alaska, your auto insurance premium might increase by an average of $177.
Cheapest Car Insurance in Alaska After an Accident
For Alaska drivers with an at-fault accident on their driving record, the cheapest full coverage auto insurance companies are, on average:
- Umialik Insurance: $1,044 per year
- State Farm: $1,275 per year
Progressive charges the highest premiums, at an average of $1,832 annually, to drivers who have been in an at-fault accident. An at-fault accident history in Alaska could result in a $339 annual rate increase.
Cheapest Car Insurance in Alaska After a DUI
On average, the following companies offer the cheapest car insurance in Alaska for drivers with a DUI on their record:
- Umialik Insurance: $1,044 per year
- State Farm: $1,168 per year
GEICO is the most expensive auto insurance provider for DUI drivers, charging approximately $1,903 annually. In Alaska, a DUI normally results in an annual insurance rate increase of $346.