Umialik Insurance is the cheapest home insurance option for most homeowners in Alaska, with an average monthly savings of $419. Below is a summary of the most affordable providers in the state.
Cheapest Home Insurance in Alaska
Updated: May 27, 2025
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Key Takeaways
Umialik Insurance offers the lowest-cost home insurance in Alaska overall, with potential savings of up to 94%.
Umialik Insurance offers the cheapest homeowners insurance in Alaska if you own a new home or have bad credit.
Umialik Insurance offers the most affordable home coverage for people in high-risk fire areas in Alaska.
What is the Cheapest Home Insurance in Alaska?
| Umialik Insurance | $80 | $958 | 27% |
| COUNTRY Financial | $88 | $1,050 | 20% |
| State Farm | $127 | $1,529 | -16% |
| Allstate | $145 | $1,735 | -32% |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
THE CHEAPEST COMPANY MAY NOT BE THE BEST FOR YOU
While these companies may offer the lowest rates in Alaska, evaluating their customer service reputation and coverage options is important. To help, we’ve created a separate guide to the best home insurance companies in Alaska, providing a more comprehensive overview.
Cheapest Alaska Home Insurance Rates by Category
While we’ve listed the cheapest options for most homeowners, those rates may not reflect your specific situation. For instance, while Umialik Insurance is typically the cheapest overall, it offers the best rates for newer homes. To help, we’ve outlined the cheapest companies on average for common categories.
| Umialik Insurance | Older Homes | $80 |
| Umialik Insurance | Newer Homes | $48 |
| Umialik Insurance | Homes in High Risk Fire Areas | $80 |
| Umialik Insurance | Bad Credit | $80 |
*Rates are modified based on our methodology’s base profile. Newer home estimates are based on a home built in 2023, high-risk fire estimates are for a policy with 8-class fire protection, and bad credit rates assume a poor credit score on the FICO scale.
Compare Personalized Cheap Alaska Home Insurance
The companies listed above typically provide the best rates for their categories, but actual rates vary based on your unique profile. Use the filter below to get a personalized list of the cheapest providers for your situation.
Data filtered by:Results filtered by:
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Coverage Level:$250K Dwelling / $125K Personal Property / $200K Liability
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Deductible:1000
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Claims History:Claim free for 5+ years
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Credit Tier:Good
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Home Age:Older Homes
| Umialik Insurance | $80 | $958 |
| COUNTRY Financial | $115 | $1,375 |
| State Farm | $127 | $1,529 |
| Allstate | $180 | $2,164 |
Cheapest Alaska Home Insurance By City
Risk factors for insurers vary by location, making some providers more affordable than others. For example, while Farmers is the cheapest in most cities, State Farm offers lower rates in Anchorage, Alaska. It's essential to compare providers to find the best rates in your area.
| Anchorage | State Farm | $68 |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
How To Find the Cheapest Alaska Home Insurance for You
Finding affordable home insurance in Alaska can be challenging, but you can significantly lower your costs with some effort. Below are our core recommendations to help you maximize savings on your policy.
- 1
Determine your coverage needs
It's easy to get oversold on coverage when you don't have limits in mind before buying. Determine your home insurance coverage needs beforehand to avoid purchasing too much. Understanding the different types of home protection available helps ensure you don't miss something important.
- 2
Research home insurance cost information
Review home insurance costs in Alaska to understand pricing for your circumstances. Discuss all possible discounts with your agent because these aren't typically offered without inquiry.
- 4
Compare multiple companies apples to apples
To ensure you’re getting a good deal, compare quotes for the same coverage. Once aligned, gather as many quotes as possible using different methods to find the best rate.
Cheap Home Insurance Alaska: Bottom Line
Umialik Insurance, COUNTRY Financial, and State Farm offer Alaska's most affordable home insurance. Denied coverage? The TFPA provides low-cost policies. Always compare multiple companies, research costs, and understand your coverage needs before choosing.
Cheapest Home Insurance Alaska: FAQ
Below are answers to frequently asked questions about the cheapest home insurance in Alaska:
What is the cheapest home insurance company in Alaska?
Umialik Insurance offers the lowest rates for newer homes in Alaska at $48 per month or $580 per year. However, homeowners with older properties or higher fire protection needs may find better rates with Umialik Insurance.
How expensive is home insurance in Alaska?
Alaska has the 15th-highest home insurance rates in the U.S.
How much is home insurance in Alaska?
You should carry enough home insurance to cover the full replacement cost of your home, the value of your personal possessions, and your liability risks. While mandatory for mortgage holders to cover the rebuild cost, additional coverage is prudent to protect against risks such as extreme weather or theft, as well as safeguarding priceless items.
How much home insurance do I need?
You should carry enough home insurance to cover the full replacement cost of your home, the value of your personal possessions, and your liability risks. While mandatory for mortgage holders to cover the rebuild cost, additional coverage is prudent to protect against risks such as extreme weather or theft, as well as safeguarding priceless items.
How We Found the Cheapest Home Insurance Companies in Alaska
To determine the cheapest home insurance companies in Alaska, we assumed the following base profile:
- $250K dwelling coverage
- $125K personal property coverage
- $200K liability coverage
- Home built in 2000
- Frame construction
- Composition roof
- $1,000 all perils deductible
- No claims in the past 5+ years
- 3-class fire protection
All other combinations were adjusted based on this profile to provide a more accurate comparison for your specific situation. However, these figures are estimates, and we recommend comparing quotes from multiple providers to secure the best deal.
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.