Cheapest Car Insurance in Alaska (October 2024)


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Updated: October 3, 2024

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Progressive offers the cheapest car insurance for Alaskan drivers looking for minimum coverage. But depending on your driver profile and risk factors, State Farm, GEICO or USAA may be more affordable.

MoneyGeek's ranking of the best auto insurance providers in Alaska can help you find one that balances affordability and service.

Why Trust MoneyGeek? We compiled the latest data from Quadrant Information Services and the Alaska Department of Insurance to identify the cheapest auto insurance in Alaska for different driver profiles.

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These rates reflect the cheapest car insurance quotes in Alaska as of October 2024.

7,908Quotes Analyzed
 
6Companies Compared
 
13ZIP Codes

Cheapest Minimum Liability Car Insurance in Alaska

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

  • Progressive: $418 per year
  • State Farm: $465 per year

With an average annual premium of $636, Allstate is Alaska's most expensive car insurance company 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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
ProgressiveAnnual Premium$418Monthly Premium$35
State FarmAnnual Premium$465Monthly Premium$39
Umialik InsuranceAnnual Premium$501Monthly Premium$42
GEICOAnnual Premium$514Monthly Premium$43
AllstateAnnual Premium$636Monthly Premium$53

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 want more extensive protection for your vehicle.

Find the Best Car Insurance in Alaska for You

 

The amount of coverage you need depends on your preferences and insurance requirements.

The table above lists the cheapest car insurance rates for Alaska's minimum coverage.

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We also analyzed the best auto insurance companies in Alaska in terms of cost and service quality.

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If you're interested in understanding how rates vary based on specific variables, we analyzed the average cost of auto insurance in Alaska for different categories of drivers.

Cheapest Full Coverage Car Insurance in Alaska

The following providers offer the cheapest full coverage car insurance in Alaska:

  • State Farm: $1,036 per year
  • GEICO: $1,048 per year

Umialik Insurance has the most expensive full coverage auto insurance in Alaska, at $1,319 per year.

Adding comprehensive and collision insurance to your car insurance policy may increase your annual premium. For example, you'll pay $571 more for full coverage than minimum coverage with State Farm. Full coverage car insurance offers more financial protection in case of a claim. It protects you against off-road incidents and on-road accidents.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,036Monthly Premium$86
GEICOAnnual Premium$1,048Monthly Premium$87
AllstateAnnual Premium$1,189Monthly Premium$99
ProgressiveAnnual Premium$1,280Monthly Premium$107
Umialik InsuranceAnnual Premium$1,319Monthly Premium$110

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

Most 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 require personal details.

MoneyGeek offers a car insurance calculator to help you get a quick estimate. To begin, select your age, driving record and gender from the options below.

Car Insurance Calculator

MoneyGeek's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

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Rates updated:

Oct 04, 2024

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Cheapest Car Insurance in Alaska by Age

GEICO is the cheapest provider for teens, young adults and seniors in Alaska.

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CHEAPEST CAR INSURANCE COMPANIES BY AGE

Cheapest Car Insurance in Alaska for Teens and Their Families

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

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

These are the premiums for a 16-year-old insured under their parent’s insurance. Progressive is the most expensive option for teen drivers, charging average premiums of $4,137 for females and $4,547 for males.

Teen car insurance rates decrease as they age, leaving a significant difference between a 16-year-old's premium and a 19-year-old's. In Alaska, GEICO has the most affordable rates for male drivers aged 19 at $1,556 annually.

Typically, adding a teen to your coverage is less expensive than getting a separate policy for them. A 16-year-old male driver 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.

Data filtered by:Results filtered by:
Gender:
Gender:Female
Age:
Age:16
GEICOFamily Plan Annual Premium$1,975Individual Plan Annual Premium$3,630
State FarmFamily Plan Annual Premium$1,995Individual Plan Annual Premium$2,722
AllstateFamily Plan Annual Premium$2,569Individual Plan Annual Premium$2,746
ProgressiveFamily Plan Annual Premium$4,137Individual Plan Annual Premium$8,358
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MONEYGEEK EXPERT TIP

On average, car insurance rates for male teens tend to be significantly more expensive than for female teens due to their higher risk of accident frequency. This rate difference is not as notable when drivers reach their 20s and beyond.Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

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

Cheapest Car Insurance in Alaska for Young Adults

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

  • GEICO: $1,037 per year
  • State Farm: $1,230 per year

With an average annual rate of $1,929, Umialik Insurance offers the most expensive auto insurance for young adults. In Alaska, drivers in their 20s pay around $257 more per year for auto insurance than middle-aged drivers.

Data filtered by:Results filtered by:
Age Group:
Age Group:22-29
Coverage:
Coverage:Full Coverage
GEICOAnnual Premium$1,037Monthly Premium$86
State FarmAnnual Premium$1,230Monthly Premium$102
AllstateAnnual Premium$1,364Monthly Premium$114
ProgressiveAnnual Premium$1,596Monthly Premium$133
Umialik InsuranceAnnual Premium$1,929Monthly Premium$161

Cheapest Car Insurance in Alaska for Seniors

The following car insurance providers offer the cheapest rates for senior drivers in Alaska:

  • GEICO: $916 per year
  • State Farm: $952 per year

Allstate charges the most for car insurance for seniors, at around $1,467 annually. Senior drivers pay $1 less for auto insurance in Alaska than middle-aged drivers. However, rates usually increase when drivers reach their 70s and 80s.

Data filtered by:Results filtered by:
Age Group:
Age Group:60 +
Coverage:
Coverage:Full Coverage
GEICOAnnual Premium$916Monthly Premium$76
State FarmAnnual Premium$952Monthly Premium$79
Umialik InsuranceAnnual Premium$1,195Monthly Premium$100
ProgressiveAnnual Premium$1,348Monthly Premium$112
AllstateAnnual Premium$1,467Monthly Premium$122

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

State Farm is the most affordable insurer for drivers after a ticket, an accident or a DUI. Allstate offers the lowest rates for drivers with poor credit, and GEICO is the cheapest for insuring sports cars.

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CHEAPEST CAR INSURANCE FOR HIGHER RISK DRIVERS

Cheapest Car Insurance in Alaska After a Ticket

The following car insurance companies offer the cheapest full coverage policies to Alaska drivers with a speeding ticket:

  • State Farm: $1,168 per year
  • GEICO: $1,195 per year

Progressive has the most expensive auto insurance for drivers with a speeding ticket on their record, at $1,682 annually. After receiving a speeding ticket in Alaska, your auto insurance premium increases by an average of $190.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,168Monthly Premium$97
GEICOAnnual Premium$1,195Monthly Premium$100
Umialik InsuranceAnnual Premium$1,319Monthly Premium$110
AllstateAnnual Premium$1,457Monthly Premium$121
ProgressiveAnnual Premium$1,682Monthly Premium$140

Cheapest Car Insurance in Alaska After an Accident

In Alaska, the cheapest full coverage auto insurance companies for drivers with an at-fault accident on their driving record are:

  • State Farm: $1,275 per year
  • Umialik Insurance: $1,319 per year

Progressive has the most expensive premium for drivers with an at-fault accident, at an average annual rate of $1,837. Having an at-fault accident history in Alaska could increase your premium by around $360 per year.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,275Monthly Premium$106
Umialik InsuranceAnnual Premium$1,319Monthly Premium$110
GEICOAnnual Premium$1,479Monthly Premium$123
AllstateAnnual Premium$1,760Monthly Premium$147
ProgressiveAnnual Premium$1,837Monthly Premium$153

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:

  • State Farm: $1,168 per year
  • Umialik Insurance: $1,319 per year

GEICO is the most expensive auto insurance provider for drivers with a DUI, charging roughly $1,953 per year. In Alaska, a DUI usually results in an annual insurance rate increase of $377.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,168Monthly Premium$97
Umialik InsuranceAnnual Premium$1,319Monthly Premium$110
ProgressiveAnnual Premium$1,564Monthly Premium$130
AllstateAnnual Premium$1,752Monthly Premium$146
GEICOAnnual Premium$1,953Monthly Premium$163

Cheapest Car Insurance in Alaska for Drivers With Poor Credit

The cheapest car insurance companies in Alaska for drivers with poor credit are:

  • Allstate: $1,538 per year
  • Progressive: $1,838 per year

Umialik Insurance's annual auto insurance premium is $2,062, the most expensive option for drivers with low credit in Alaska.

Your credit score impacts how much insurance companies charge you. If your credit score is below 580, you may be required to pay around $720 more for auto insurance in Alaska than someone with a credit score of at least 750.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
AllstateAnnual Premium$1,538Monthly Premium$128
ProgressiveAnnual Premium$1,838Monthly Premium$153
GEICOAnnual Premium$1,981Monthly Premium$165
State FarmAnnual Premium$2,052Monthly Premium$171
Umialik InsuranceAnnual Premium$2,062Monthly Premium$172

Some car insurers charge higher premiums to drivers with bad credit records because they're more likely to file claims. Although this isn't legal in all states, it's allowed in Alaska.

Reduce your insurance costs by improving your credit score, but you can also compare rates and search for providers that offerstandardn discounts to save money.

Cheapest Car Insurance in Alaska for Sports Cars

The following auto insurance providers in Alaska offer the lowest prices for drivers with sports cars:

  • GEICO: $892 per year
  • State Farm: $1,308 per year

Progressive has the most expensive auto insurance for drivers with sports cars, costing around $1,626 annually.

Sports car insurance is often (but not always) more expensive than insurance for a conventional car due to the higher maintenance and replacement costs associated with these cars. In Alaska, middle-aged drivers with sports cars pay $141 more for auto insurance than drivers of a Toyota Camry LE.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
GEICOAnnual Premium$892Monthly Premium$74
State FarmAnnual Premium$1,308Monthly Premium$109
AllstateAnnual Premium$1,436Monthly Premium$120
ProgressiveAnnual Premium$1,626Monthly Premium$136

The make and type of a vehicle can significantly impact car insurance rates. For the quotes in this analysis, MoneyGeek used a Ford Mustang. Sports, luxury and electric cars typically have higher insurance rates than other vehicle types.

Cheapest Car Insurance in Alaska for Military Drivers

USAA has the cheapest auto insurance in Alaska for active-duty service members and veterans, with an annual average rate of $677. USAA has an exceptional track record for financial stability, customer satisfaction, affordability and consumer complaints. It offers unique coverage benefits and discounts for military personnel.

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MoneyGeek Top Pick
USAA
  • Annual premium: $677
  • Ranks first for affordability out of six insurers
  • Offers a military discount

Cheapest Car Insurance in Alaska by City

GEICO is the best auto insurance provider in Anchorage, AK, with the cheapest full coverage premium of around $1,296 per year.

AnchorageCheapest CompanyGEICOAnnual Premium$1,296

Car Insurance in Alaska: What You Need to Know

In Alaska, drivers are required to have auto insurance that fulfills the minimum state limits. In most states, including Alaska, this includes property damage and bodily injury coverage.

Alaska Car Insurance Requirements

Unless you live in an area of Alaska where registration is not required, you need to purchase the minimum required insurance. This includes bodily injury and property damage liabilities. Although cheaper, these policies offer less protection.

In Alaska, drivers who commit significant traffic offenses must have SR-22 insurance. Your coverage requirements and costs may increase if you need an SR-22. MoneyGeek recommends purchasing as much liability coverage as you can afford to maximize your protection.

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    Bodily injury liability

    In Alaska, drivers are obliged to have at least $50,000 per person and $100,000 per accident in bodily injury liability insurance. All medical expenses in excess of these limits are the responsibility of at-fault drivers in Alaska.

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    Property damage liability

    You are liable for any additional expenses beyond the $25,000 cap if you cause an accident and have the minimum required insurance coverage. Property damage coverage can reimburse you for the cost of repairing another car or property.

MoneyGeek recommends getting liability insurance with minimum levels of $100,000 per injury and $300,000 per accident and increasing property damage coverage to $100,000. Comprehensive and collision insurance might be required if you financed the purchase of your car. Comprehensive insurance will cover the necessary repairs or replacements if your vehicle is damaged in an off-road accident.

Collision insurance will cover the repair or replacement of your vehicle if another vehicle, a pole or a tree damages it. We also recommend buying comprehensive and collision insurance if you own a valuable car.

Car Insurance Alternatives in Alaska

The Alaska Automobile Insurance Plan (assigned risk pool) might insure high-risk drivers who don't qualify for coverage from conventional insurers. This plan distributes risk among many insurance providers registered in Alaska. For additional information, contact AIPSO at 800-227-4659.

In addition, there's an exception in Alaska. In locations where registration is unnecessary, insurance is not required. However, drivers must carry liability insurance if they've received a violation ticket with six or more points within the past five years. Furthermore, Alaska residents who don’t own a car can consider non-owner car insurance.

FAQ: Car Insurance in Alaska

With so many insurers, choosing a car insurance policy can be tricky. Our answers to common questions about car insurance in Alaska can help.

Which company offers the cheapest car insurance in Alaska?
Should you buy the cheapest car insurance available in Alaska?

Expert Advice on Finding Cheap Car Insurance in Alaska

To help you find credible and accurate insight on car insurance in Alaska, MoneyGeek received expert advice from trusted professionals. The perspectives and opinions expressed are those of the individual contributor.

  1. What are the key factors drivers in Alaska should look for when searching for the best auto insurance coverage?
  2. What steps can drivers in Alaska take to find affordable car insurance?
Donna Freedman
Donna FreedmanWriter, Editor, Individual and Corporate Coaching at Write A Blog People Will Read

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He 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.


sources
  • Department of Commerce, Community and Economic Development. "Auto Insurance." Accessed October 2, 2024.
  • Division of Motor Vehicles. "Mandatory Insurance." Accessed October 2, 2024.