Cheapest Car Insurance in Alaska (June 2024)


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ByMark Fitzpatrick
Reviewed byMandy Sleight
Contribution by1 expert
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ByMark Fitzpatrick
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Reviewed byMandy Sleight
Edited byDenise Cristobal
Contribution by1 expert
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Updated: June 11, 2024

Advertising & Editorial Disclosure

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

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 June 2024.

7,908Quotes Analyzed
 
6Companies Compared
 
13ZIP Codes

Cheapest Minimum Liability Car Insurance in Alaska (June 2024)

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

  • Allstate: $458 per year
  • Umialik Insurance: $458 per year

With an average annual premium of $498, GEICO 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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
AllstateAnnual Premium$458Monthly Premium$38
Umialik InsuranceAnnual Premium$458Monthly Premium$38
State FarmAnnual Premium$465Monthly Premium$39
ProgressiveAnnual Premium$476Monthly Premium$40
GEICOAnnual Premium$498Monthly Premium$41

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 for your vehicle.

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Find the Best Car Insurance in Alaska for You

 

Your auto insurance rates will vary depending on your choices and coverage needs. The cheapest car insurance rates for Alaska's minimum level of coverage are listed in the table above.

Learn more about how much car insurance you need.

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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 are 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 (June 2024)

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

  • Allstate: $994 per year
  • State Farm: $1,036 per year

Progressive has the most expensive full coverage auto insurance in Alaska, at approximately $1,352 per year.

Adding comprehensive and collision insurance to your car insurance policy may increase your annual premium. For example, you'll pay $536 more for full coverage than for minimum coverage with Allstate. Full coverage car insurance offers more financial protection in the event 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
AllstateAnnual Premium$994Monthly Premium$83
State FarmAnnual Premium$1,036Monthly Premium$86
GEICOAnnual Premium$1,059Monthly Premium$88
Umialik InsuranceAnnual Premium$1,119Monthly Premium$93
ProgressiveAnnual Premium$1,352Monthly Premium$113

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

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.

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Cheapest Car Insurance in Alaska by Age (June 2024)

On average, GEICO is the cheapest provider for teens, young adults and seniors.

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CHEAPEST CAR INSURANCE COMPANIES BY AGE

Cheapest for teens: GEICO
Cheapest for young adults: GEICO
Cheapest for seniors: GEICO

Cheapest Car Insurance in Alaska for Teens and Their Families (June 2024)

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 boys and $4,137 for girls. 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, 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 their parent’s insurance. Typically, adding a teen to your coverage is less expensive than obtaining a separate policy for them. A 16-year-old boy 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. 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 (June 2024)

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

  • GEICO: $1,048 per year
  • Allstate: $1,142 per year

With an average annual rate of $1,681, Progressive offers the most expensive auto insurance for young adults. In Alaska, drivers in their 20s pay around $236 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$1,048Monthly Premium$87
AllstateAnnual Premium$1,142Monthly Premium$95
State FarmAnnual Premium$1,230Monthly Premium$102
Umialik InsuranceAnnual Premium$1,637Monthly Premium$136
ProgressiveAnnual Premium$1,681Monthly Premium$140

Cheapest Car Insurance in Alaska for Seniors (June 2024)

On average, the following car insurance providers offer the cheapest rates for senior drivers in Alaska:

  • GEICO: $920 per year
  • State Farm: $952 per year

Progressive charges the most for car insurance for seniors, at approximately $1,427 per year. Senior drivers pay $7 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$920Monthly Premium$77
State FarmAnnual Premium$952Monthly Premium$79
Umialik InsuranceAnnual Premium$1,017Monthly Premium$85
AllstateAnnual Premium$1,206Monthly Premium$101
ProgressiveAnnual Premium$1,427Monthly Premium$119

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 (June 2024)

Umialik Insurance is the most affordable insurer for drivers after an accident, a ticket or a DUI. GEICO is the cheapest provider for sports car drivers, and Allstate is the most affordable provider for people with poor credit.

CHEAPEST CAR INSURANCE FOR HIGHER RISK DRIVERS

Cheapest after a ticket: Umialik Insurance ($1,119 per year)
Cheapest after an accident: Umialik Insurance ($1,119 per year)
Cheapest after a DUI: Umialik Insurance ($1,119 per year)
Cheapest for poor credit: Allstate ($1,292 per year)
Cheapest for sports cars: GEICO ($898 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: $1,119 per year
  • State Farm: $1,168 per year

At approximately $1,778 annually, Progressive has the most expensive auto insurance for drivers with a speeding ticket on their record. After receiving a speeding ticket in Alaska, your auto insurance premium increases by an average of $185.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Umialik InsuranceAnnual Premium$1,119Monthly Premium$93
State FarmAnnual Premium$1,168Monthly Premium$97
GEICOAnnual Premium$1,209Monthly Premium$101
AllstateAnnual Premium$1,214Monthly Premium$101
ProgressiveAnnual Premium$1,778Monthly Premium$148

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, on average:

  • Umialik Insurance: $1,119 per year
  • State Farm: $1,275 per year

Progressive has the most expensive premium for drivers with an at-fault accident, at an average annual rate of $1,946. Having an at-fault accident history in Alaska could increase your premium by approximately $348 per year.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Umialik InsuranceAnnual Premium$1,119Monthly Premium$93
State FarmAnnual Premium$1,275Monthly Premium$106
AllstateAnnual Premium$1,463Monthly Premium$122
GEICOAnnual Premium$1,496Monthly Premium$125
ProgressiveAnnual Premium$1,946Monthly Premium$162

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: $1,119 per year
  • State Farm: $1,168 per year

GEICO is the most expensive auto insurance provider for drivers with a DUI, charging approximately $1,967 per year. In Alaska, a DUI normally results in an annual insurance rate increase of $360.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Umialik InsuranceAnnual Premium$1,119Monthly Premium$93
State FarmAnnual Premium$1,168Monthly Premium$97
AllstateAnnual Premium$1,457Monthly Premium$121
ProgressiveAnnual Premium$1,651Monthly Premium$138
GEICOAnnual Premium$1,967Monthly Premium$164

Cheapest Car Insurance in Alaska for Drivers With Poor Credit (June 2024)

On average, the cheapest car insurance companies in Alaska for drivers with poor credit are:

  • Allstate: $1,292 per year
  • Umialik Insurance: $1,750 per year

State Farm's annual auto insurance premium is $2,052, which is the most expensive option for drivers with low credit in Alaska.

Your credit score has an impact on how much insurance companies charge you. If you have a credit score below 580, you may be required to pay around $696 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$1,292Monthly Premium$108
Umialik InsuranceAnnual Premium$1,750Monthly Premium$146
ProgressiveAnnual Premium$1,941Monthly Premium$162
GEICOAnnual Premium$2,006Monthly Premium$167
State FarmAnnual Premium$2,052Monthly Premium$171

Some car insurers charge higher premiums to drivers with bad credit records since they are more likely to file claims. Although not legal in all states, this is allowed in Alaska.

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

Cheapest Car Insurance in Alaska for Sports Cars (June 2024)

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

  • GEICO: $898 per year
  • Allstate: $1,240 per year

Progressive has the most expensive auto insurance for drivers with sports cars, costing around $1,700 per year.

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, drivers with sports cars pay $174 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$898Monthly Premium$75
AllstateAnnual Premium$1,240Monthly Premium$103
State FarmAnnual Premium$1,308Monthly Premium$109
ProgressiveAnnual Premium$1,700Monthly Premium$142

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

Cheapest Car Insurance in Alaska for Military Drivers (June 2024)

MoneyGeek found that USAA has the cheapest auto insurance in Alaska for active-duty service members and veterans, with an annual average rate of $724. USAA has an exceptional track record in terms of financial stability, customer satisfaction, affordability and consumer complaints. It offers special coverage benefits and discounts for military personnel.

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MoneyGeek Top Pick
USAA
  • Annual premium: $724
  • Ranks first for affordability out of six insurers

USAA offers a military discount, highlighting its commitment to providing economical options for service members.

Cheapest Car Insurance in Alaska by City

MoneyGeek found that the cheapest auto insurance provider for full coverage in Anchorage, Alaska, is GEICO at around $1,300 per year. Learn more about auto insurance in Anchorage.

AnchorageCheapest CompanyGEICOAnnual Premium$1,300

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. If your vehicle is damaged in an off-road accident, comprehensive insurance will cover the necessary repairs or replacements.

Collision insurance will cover the cost of repairing or replacing your vehicle if it is damaged by another vehicle, a pole or a tree. 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 be able to insure high-risk drivers who do not qualify for coverage from conventional insurers. This plan distributes risk among numerous insurance providers registered in Alaska. For additional information, please contact AIPSO at 800-227-4659.

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

FAQ About Car Insurance in Alaska

Given the number of different insurers, it might be challenging to choose a car insurance policy. Our answers to frequently asked questions about car insurance in Alaska might be able to 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 has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick 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 June 11, 2024.
  • Division of Motor Vehicles. "Mandatory Insurance." Accessed June 11, 2024.