MoneyGeek collected quotes from the top car insurance companies in Alaska to find the most affordable options. On average, GEICO offers the cheapest widely available policy. Alaska drivers can save up to $455 annually by comparing rates.
The Cheapest Car Insurance in Alaska for 2022
Based on average rates, GEICO offers the most affordable rate in Alaska for MoneyGeek’s sample 40-year-old driver. Various factors, such as age, coverage amounts, credit score and driving history, will affect the actual cost of your insurance.
For instance, GEICO is the cheapest if you want more coverage or are a young driver. But State Farm is the most affordable company for drivers with at-fault accidents. For military families, the cheapest option is USAA.
The Cheapest Car Insurance in Alaska
Cheapest Minimum Liability Car Insurance in Alaska
Car insurance coverage rates in Alaska differ based on several factors. The most affordable car insurance coverage in Alaska is a liability-only policy that meets the state’s minimum insurance requirements.
On average, the cheapest insurers for minimum liability coverage in Alaska are:
- GEICO: $453 per year
- Allstate: $502 per year
The cheapest option for current and former military members and their families is USAA at an average cost of $328 per year. Alternatively, the insurer with the highest premium rates in Alaska is Progressive, which has an average annual cost of $714.
Cheapest Minimum Car Insurance in Alaska
These prices are only estimates based on rates for an average Alaska driver and should not be used to compare insurance prices.
Cheapest Full Coverage Car Insurance in Alaska
Having full coverage insurance in Alaska comes with various benefits, including higher limits and more protection against road accidents and off-road incidents.
While shopping around for full coverage in Alaska, be sure to compare car insurance quotes from various companies, as this will help you secure the cheapest premiums.
The cheapest insurers in Alaska for full coverage car insurance are:
- GEICO: $882 per year
- State Farm: $954 per year
In Alaska, the most affordable full coverage car insurance provider for military members and their families is USAA, at an average of $619 per year. Allstate is the most expensive provider of full coverage car insurance at an average cost of $1,074 annually.
Cheapest Full Coverage Car Insurance in Alaska
The prices outlined above are annual estimates for an average driver with a policy that offers comprehensive and collision coverage of $100,000 per person for bodily injury liability, $300,000 bodily injury coverage per accident and $100,000 coverage for property damage per accident.
Car insurance prices vary significantly from one insurer to another since each company uses different factors to determine its scores. That means your rates may be quite different from these rates. Comparing quotes from different carriers will help you get the best prices for your needs.
How to Compare Cheap Alaska Car Insurance Quotes Online
Alaska drivers can request car insurance quotes online since most companies add a quotes section on their website.
- You can secure fair rates by comparing quotes for the same coverage limits across several insurers. For example, ask for quotes for a policy with $300,000 in bodily liability insurance per accident across multiple providers and directly compare the costs.
- For a quick comparison of car insurance providers in Alaska, use MoneyGeek’s car insurance calculator to find rate estimates for the average driver. Enter more information to get a personalized quote.
- The three companies offering the cheapest average minimum liability car insurance coverage in Alaska are USAA, GEICO and Allstate.
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Comprehensive and Collision Insurance
Cheapest Car Insurance for Drivers With a DUI in Alaska
Insurance providers in Alaska consider drivers who have a history of violations such as DUI to be high-risk. Such drivers end up paying higher premiums than those with a clean driving record.
The average cost of car insurance in Alaska for a driver with a DUI is $1,478 per year. Meanwhile, drivers with a clean record pay an average of $984 for similar coverage.
The cheapest insurers for drivers with a DUI interested in full coverage are:
- State Farm: $1,042 per year
- Progressive: $1,262 per year
While GEICO is the cheapest for the average driver with a clean record, it is the most expensive option for drivers with DUIs at an average cost of $2,112 a year.
USAA is the cheapest option in Alaska for drivers with DUIs at an average of $1,050, but it is only available to active duty and former military members and their families.
Average Car Insurance Rates With a DUI
From 2009 through 2018, 215 people were killed in crashes involving a drunk driver in Alaska, according to the Centers for Disease Control and Prevention (CDC). Additionally, 2.6% of adults in Alaska reported driving after drinking too much.
There are several financial repercussions of getting a DUI, including court fees, legal fees and even alcohol education treatment programs. You'll also likely see an increase in your car insurance costs. Comparing rates from different companies can help you find the lowest cost for car insurance with a DUI.
Having a DUI on your driving record can impact your life for years to come. You could pay an additional $40,000 over the course of 13 years in increased auto insurance premiums for a DUI. Your rate increase depends on your insurance company, location, driving record and other factors. You could pay higher rates for a decade after a DUI.
Cheapest Car Insurance in Alaska for Drivers With an At-Fault Accident
Insurance companies in Alaska tend to charge more to drivers with at-fault accidents compared to those with clean records. Drivers with at-fault accidents pay an average of $1,323 per year for their auto insurance.
On average, the cheapest options for drivers with at-fault accidents in Alaska are:
- State Farm: $1,129 per year
- GEICO: $1,277 per year
USAA, which is only available for military families, is the cheapest option in the state, with an average annual rate of $868.
Cheapest Car Insurance With an At-Fault Accident
Cheapest Car Insurance for Drivers With Tickets in Alaska
Car insurers in Alaska charge more for drivers with minor violations than those with a clean driving record. On average, you will pay about $984 per year with a clean driving history, but that rate increases to an average of $1,144 if you have a speeding ticket.
Car insurance companies that offer the lowest full coverage rates in Alaska for drivers with speeding tickets are:
- GEICO: $882 per year
- State Farm: $1,042 per year
In Alaska, USAA is the cheapest car insurance option for drivers with tickets at an average of $723 per year; however, it’s only available to active duty and former military members and their families. Conversely, Progressive is the most expensive option in Alaska at an average cost of $1,376.
Average Car Insurance Rates With a Ticket
According to the National Highway Traffic Safety Administration’s (NHTSA) 2018 Fatality Analysis Reporting System (FARS), distracted driving caused 69 crashes in Alaska. Alaska’s state laws prohibit texting while driving, according to the Governors Highway Safety Association. Following these laws can help you stay safe, maintain a clean driving record and maintain lower car insurance costs.
Your auto insurance rate is likely to go up if you get a ticket for speeding or for distracted driving. According to the Insurance Information Association, your driving record is taken into account when you secure your auto policy, so being riskier to insure means paying higher premiums. Your insurer can also re-evaluate your rate if you get a moving violation (i.e., a speeding ticket).
Cheapest Car Insurance Companies in Alaska for Drivers With Bad Credit
A customer’s credit score is one of the factors considered by car insurance companies in Alaska when determining their premiums. Drivers with bad credit attract higher rates because they are more likely to file claims.
On average, drivers with poor credit scores pay $1,404 per year for insurance. The top insurers in Alaska with the best full coverage rates for drivers with bad credit are:
- GEICO: $966 per year
- Allstate: $1,347
GEICO leads as the cheapest insurer in Alaska by an average of $381 over its competitors. While USAA is one of the top-leading options for drivers with bad credit in Alaska at an average cost of $1,122, it is only available to current and former military members and their families.
Average Car Insurance Rates for Drivers With Bad Credit
According to Experian, the average FICO Score in Alaska of 707 is slightly higher than the national average in the United States of 703. Many insurers use customer credit scores as one factor to determine premiums, as studies show that using a credit score helps companies better predict insurance losses. If you have a lower credit score (below 670), you’ll likely have to shop around to find the cheapest car insurance in Alaska.
While you may pay higher rates for auto insurance because of your credit score, there are steps you can take to lower your premiums. Improving your credit score may help you find better rates on your car insurance and other recurring expenses.
Cheapest Car Insurance in Alaska for Seniors
Senior drivers tend to pay increased rates for car insurance in Alaska. The average cost for seniors is approximately $1,048 per year, which is slightly higher than the $984 rate paid by average drivers.
Companies that provide the best full coverage rates for seniors in Alaska include:
- GEICO: $873 per year
- State Farm: $941
While USAA leads as the cheapest car insurance provider in Alaska for seniors at an average of $671 per year, this insurance option is only available to active-duty military, veterans and their family members. The most expensive car insurance for seniors in Alaska is Allstate, at an average cost of $1,264.
Average Car Insurance Rates for Seniors
According to data from the National Highway Traffic Safety Administration, in 2017, 13 people age 65 and older were killed in motor vehicle traffic crashes in Alaska. Elderly people made up 16.5% of all traffic fatalities in the state during the year. Senior drivers may be able to get discounts for finishing driver safety courses. Discounts may also be available for seniors who drive infrequently and choose vehicles with good safety features.
Alaska state law allows the DMV to conduct a re-examination of a senior’s driving ability if the DMV receives a written request from law enforcement, family members or physicians. To maintain driving privileges, seniors may be required to submit a medical form verifying they are able to drive safely and then successfully complete a vision test, written test and road skills test.
Cheapest Car Insurance in Alaska for Young Drivers
Young drivers are considered riskier to insure and are likely to have higher auto insurance premiums. The average cost of car insurance for a 16-year-old driver in Alaska is $3,011 annually, while 25-year-old drivers pay $1,214 on average.
In Alaska, the cheapest auto insurance company for teen drivers between the age of 16-25 is GEICO.
Understanding what costs young drivers can expect to pay for car insurance in Alaska can help you select the best insurance company for your needs.
Annual Car Insurance In Alaska for Young Drivers
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- AgeAverage CostCheapest CompanyCompany Cost
The above table illustrates an estimation of what young drivers in Alaska can expect to pay for car insurance. Alaska requires teen drivers to get their license through a parent-supervised driving program because they’re at a higher risk of being involved in an accident. College students attending school outside Alaska are responsible for meeting the insurance requirements in their new state. Always notify the insurance company if your car will be used in another state for more than 30 days.
Insurance Rate Information for Military Drivers and Veterans
Alaska has 17,000 active-duty military personnel living in the state. Enlisted military personnel and veterans living in Alaska should first check to see if their locality requires auto insurance, as some regions of the sparsely populated state do not. Discounts can be found at insurance companies where coverage is required, typically in urban areas of Alaska. As always, comparison shopping for car insurance in Alaska should yield the best savings.
As an added benefit, military members who live in Alaska but are stationed out-of-state can still renew their vehicle registration wherever they are based, online or by mail, so long as the car or truck is already registered in their name.
Many companies licensed to sell auto insurance in Alaska also offer discounts for buying two or more policies, such as auto and homeowners, so veterans and active members of the military can save even more for bundling policies. One such company is USAA, which offers services exclusively to members of the military, veterans and their family members.
Average Rates for Alaska service members
Car Insurance in Alaska: What You Need to Know
If you live in an area where you must register your car, you also must insure it. An automobile stored in a garage or on private property does not have to be insured until it is licensed and registered.
Proof of Insurance in Alaska
Alaska Statute 28.22.019 requires that you must have a copy of your policy, certificate of self-insurance or insurance identification card in your immediate possession when you are driving a motor vehicle. If you are involved in an accident that results in bodily injury, death or property damage exceeding $501, you will be required to show proof of insurance. Failure to have insurance can result in the suspension of your driver’s license.
Minimum Liability Insurance Requirements in Alaska
The minimum amounts for liability auto insurance coverage required in Alaska are as follows:
- $50,000 per person for bodily injury liability
- $100,000 per accident for bodily injury liability
- $25,000 per accident for property damage
Even in areas that don't normally require insurance, drivers who accumulate tickets totaling six points or more in a five-year period must carry liability insurance. Here's the current list of exempted regions in Alaska where insurance is not required.
High-Risk Auto Insurance Program in Alaska
If you're a high-risk driver who has trouble getting insurance from traditional companies, you may be able to get coverage through the Alaska Automobile Insurance Plan (assigned risk pool). With this plan, the risk is shared among multiple insurance companies licensed to sell coverage in Alaska. For more information, call AIPSO at (800) 227-4659.
How Much Coverage Do You Need in Alaska?
The best insurance isn't always the cheapest insurance. Depending on what you can afford, you may want more than the minimum insurance required by the state. Collision insurance, for example, covers damages to your car, while comprehensive coverage covers your car for theft, fire, blizzards, natural disasters and colliding with an animal, such as a deer or moose. The state requirements for insurance were also set many years ago, and consumer and insurance groups say that it's safer to get a 100/300 liability policy — that is, a policy that pays $100,000 per injury and $300,000 per accident.
Cheapest Car Insurance in Alaska by City
Where you live can have an impact on your car insurance cost. The average cost of a full coverage auto insurance policy in Anchorage is $984 per year. This rate is based on MoneyGeek’s sample driver profile.
Click on your city to learn more about the cost of car insurance in your area.
Average Insurance Rate by City in Alaska
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FAQs About Car Insurance in Alaska
Questions about car insurance in Alaska often center around pricing and coverage levels. Here are some of the common FAQs regarding auto coverage in the state.
About the Author
- Alaska Department of Commerce, Community, and Economic Development Division of Insurance. "Alaska Consumer Guide to Auto Insurance." Accessed March 6, 2020.
- Centers for Disease Control. "Sobering Facts: Alcohol-Impaired Driving State Fact Sheets." Accessed December 15, 2020.
- Centers for Disease Control and Prevention. "Motor Vehicle Safety." Accessed March 6, 2020.
- Experian. "2019 Consumer Credit Review." Accessed March 6, 2020.
- Insurance Information Institute. "Auto Rate Setting." Accessed March 6, 2020.
- National Highway Traffic Safety Administration (NHTSA). "2018 Fatality Analysis Reporting System (FARS)." Accessed March 6, 2020.