Updated: October 7, 2025
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The average cost of homeowners insurance in Alaska in 2024 is $1,522. This figure is notably less than the national average, which is $2,423 annually.
Aside from the amount of coverage you get, the provider has the largest impact on premiums, with the difference between the lowest and highest premium amounts averaging $1,732. If your rates have recently increased, we've also analyzed the cheapest home insurance in Alaska.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Nov 03, 2025
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Table of Contents
To establish the average cost of homeowners insurance in Alaska, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of home insurance in Alaska as of 2024.
In Alaska, the average annual premium for homeowners insurance is $1,522. This premium includes $250K in dwelling coverage, $125K in personal property coverage and $200K liability coverage. This rate is less than the national average of $2,423.
Figuring out how much coverage you need is essential. You'll need sufficient insurance to rebuild your home and replace your belongings after a total loss, covering your personal property, additional structures on your property, liability coverage and living expenses if your home is uninhabitable.
The average premium adjusts with the level of coverage. For a policy providing $100K in dwelling coverage, the annual premium is $904. However, if your home is larger or a has higher value, and you opt for $500K in dwelling coverage, the annual premium increases to $2,616.
| $100K Dwelling / $50K Personal Property / $100K Liability | $904 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $1,522 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $2,616 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $3,653 |
Homeowners in Alaska encounter a range of insurance premiums, with costs fluctuating based on the insurer. For example, Umialik Insurance offers an annual premium of $1,042, while a policy from USAA comes in at $2,270. These figures demonstrate the variability in pricing for comparable coverage across different providers.
For those shopping around, explore the best homeowners insurance in Alaska. Differences in underwriting can lead to disparities in insurance costs, even for policies with similar terms.
| Umialik Insurance | $1,042 |
| COUNTRY Financial | $1,050 |
| Allstate | $1,558 |
| State Farm | $1,690 |
| USAA | $2,270 |
Alaska homeowners with poor credit pay $2,261 annually for home insurance, $739 above the state average of $1,522. Homeowners with excellent credit pay $1,373, saving $149 compared to the average. Credit scores directly affect your insurance rates.
Improving your credit score reduces insurance costs over time. Compare quotes from different Alaska insurers to find substantial savings quickly, regardless of your current credit score. Take a moment to compare the most affordable Alaska home insurers and potentially lower your rates in less than 15 minutes.
| Poor | $2,261 |
| Below Fair | $1,924 |
| Fair | $1,716 |
| Good | $1,522 |
| Excellent | $1,373 |
The type of roof on your Alaska home can influence your homeowners insurance premium, though it's not the most significant factor. Materials like tile, known for their durability, tend to lower premiums slightly.
Similarly, the construction materials used in your Alaskan home affect insurance costs. Superior construction materials, which are more resistant to certain perils like fire, may offer some savings on premiums compared to standard options.
Explore the table below to see how changing your home's materials could adjust your insurance premiums.
| $100K Dwelling / $50K Personal Property / $100K Liability | $904 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $1,522 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $2,616 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $3,653 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $4,721 |
Insuring a newly constructed home in Alaska costs an average of $756 per year, which is $766 less than the premium for existing homes. Newer homes benefit from modern construction techniques and adherence to current building codes, making them less expensive to insure. The table below shows how premiums compare for new versus existing homes across different coverage levels.
| Existing Construction (2000) | $1,522 |
| New Construction (2023) | $756 |
In Alaska, homeowners who have been claim-free for five or more years can expect an average annual premium of $1,522 for their insurance. However, if there has been a claim in the past five years, the average premium jumps to $2,006, which is a $484 increase. With two claims, it climbs further to $2,443, costing $921 more. These figures illustrate that a claims-free history can significantly affect your insurance costs, raising rates from the baseline average premium.
| Claim free for 5+ years | $1,522 |
| 1 claim in past 5 years | $2,006 |
| 2 claims in past 5 years | $2,443 |
Standard homeowners insurance in Alaska excludes flood damage, a critical gap since floods, earthquakes, wildfires, landslides and tsunamis threaten properties statewide. Alaskans must buy separate flood insurance and earthquake coverage. Most standard policies also exclude tsunami damage. Review specialized natural disaster policies to protect your home from Alaska's unique risks.
Compare Alaska home insurance rates from multiple insurers to find coverage that matches your budget and protection needs. Follow these steps to secure the right policy.
Ask about bundles or other ways to save money.
Choose a company with good service and fair prices.
A higher deductible can mean a lower premium.
Buy the policy that fits your needs and budget.
Alaska homeowners who bundle home and auto policies save $327 to $409 yearly, about 15% off their total premiums. Bundling also means managing just one policy instead of two. Compare Alaska home and auto insurance bundles to find your best multipolicy discount.
Alaska homeowners can lower their insurance costs with various discounts. Here are three common discounts available in Alaska:
To maximize savings, always inquire about discounts when obtaining a quote.
Umialik Insurance is the cheapest provider in Alaska, with an annual premium of around $1,042. For more inexpensive options, explore cheap national providers.
Homeowners insurance does not cover flooding. Consider flood insurance and other insurance products or endorsements for financial protection from flooding and other natural disasters. Flood insurance can be purchased through the National Flood Insurance Program or a private flood insurer, and some home insurers offer it as an endorsement.
The biggest factor affecting homeowners insurance prices in Alaska is the insurance provider, with premiums ranging from $1,042 to $2,270.
Bundling home and auto insurance in Alaska can save you an average of 16%.
Finding homeowners insurance in the state is easier with the right resources. Use the following to understand state regulations, find affordable coverage or calculate costs:
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
