Motorcycle Insurance in Alaska: The Cheapest Quotes and Best Companies

In general, liability-only coverage is the cheapest motorcycle insurance in Alaska. But it only includes property damage liability and bodily injury insurance. It will not cover your costs in an at-fault accident. Though pricier, full coverage is a better choice as it presents higher liability limits and greater protection. For this assessment, MoneyGeek used prices for a good rider with a 50/100/25 liability-only coverage policy.

On average, the cheapest providers for a good biker with liability-only motorcycle insurance in Alaska are:

• Markel: $50 per year
• Progressive: $75 per year

The least expensive carrier, Markel, has rates that are 49.5% cheaper than the most expensive insurer, GEICO.

Average Annual Premium for Liability Coverage

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• Company
  Annual Premium
• 1.
  Markel
  $50
• 2.
  Progressive
  $75
• 3.
  GEICO
  $99

For greater protection, you can choose full-coverage insurance with collision and comprehensive insurance. This plan will safeguard you and your bike in case of accidents and from non-collision incidents such as theft, vandalism or fire.

MoneyGeek’s study shows that the cheapest motorcycle insurance carriers in Alaska on average for a good biker with a full coverage policy, including 50/100/25 coverage and a $500 deductible, are:

• Progressive: $158 per year
• GEICO: $165 per year

The most affordable provider, Progressive, offers premiums that are 42.8% cheaper than the costliest company, Markel.

Riders will likely require full-coverage insurance if they’re making payments on their bikes.

Average Annual Premium for Comprehensive and Collision

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• Company
  Annual Premium
• 1.
  Progressive
  $158
• 2.
  GEICO
  $165
• 3.
  Markel
  $276

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The average cost of motorcycle insurance in Alaska depends on several factors, including coverage amounts, age, motorcycle model, years of riding experience, riding record and more.

MoneyGeek compared average rates from carriers in the state for various rider profiles.

A full-coverage policy in Alaska costs $200 per year on average or about $17 per month. This price is 45% less than the national average.

A liability-only policy costs an average of $75 per year in Alaska or around $6 per month. This rate is $67 less than the national average. This coverage level will cover the costs of treating your injuries or repairing your bike if you’re at fault.

The prices shown in this assessment are based on average rates for a policy with $50,000/$100,000 of bodily injury liability coverage, $25,000 in property damage liability insurance and a $500 deductible.

Car Insurance Costs by Coverage Type

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• Policy Type
  Average 12-Month Cost in Alaska
  Average 12-Month National Cost
  Variance
• Full Coverage
  $200
  $364
  -$164
• Liability Only
  $75
  $141
  -$67

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MoneyGeek ranked motorcycle insurance carriers in Alaska using a unique scoring system that considers products and services, financial stability and affordability. Our methodology has additional information about our rankings. As per our research, the highest-scoring carrier in Alaska is Progressive.

MoneyGeek’s study ranks the following companies as the best motorcycle insurance providers in Alaska:

Expand All Rankings +

1

Progressive

Score:91

-

COMPARE QUOTES

by MoneyGeek

4.5/5

Affordability

4.7/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take

Pros

• Get free quotes and buy a policy online
• Many discount opportunities
• Array of extra coverage features

Cons

• Not all states can access disappearing deductibles
• Discounts not available in all states
• Large Accident Forgiveness only applies to certain policyholders

More About Progressive

Progressive tops Alaska's rankings with a score of 90.88 out of 100. Its liability-only policy costs $75 per year on average. For full coverage, it charges an average annual rate of $158.

Progressive has an array of coverages, including automatic coverage for custom parts and Original Equipment Manufacturer (OEM) parts. Its accident forgiveness feature ensures your rates won’t rise if you file a claim of less than $500. The insurer’s disappearing deductible option reduces your deductible by 25% for every claim-free policy term. With the enhanced injury protection option, you can get up to $250 a week for two years if you’re injured in a covered accident and cannot work. In case of a fatal accident, your beneficiaries will receive $25,000.

2

Markel

Score:82

-

COMPARE QUOTES

by MoneyGeek

4/5

Affordability

4.3/5

User Satisfaction

4/5

Financial Stability

Geek Quick Take

Pros

• Online payment and claim filing
• 24/7 claims support
• Range of discounts available

Cons

• Not available in all states
• Customers get limited tools
• Cannot be bundled with auto insurance

More About Markel

Markel takes second place in Alaska with a score of 82.00 out of 100. A Markel liability-only policy in Alaska costs $50 annually on average, while the average annual rate for a full-coverage package is $276 per year.

Markel offers several add-on features for extra protection. You can pay $25 per year to get roadside assistance and trip interruption coverage. For an extra $50, you can include all private passengers as well as non-commercial and household vehicles in Markel’s nationwide roadside assistance program. Markel’s rent reimbursement coverage will pay for rental costs if your bike remains unusable for more than 24 hours because of a covered incident. You can benefit from nine different discounts, including great rebates for safe riders.

3

GEICO

Score:77

+

COMPARE QUOTES

by MoneyGeek

3.9/5

Affordability

3.3/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take

Pros

• Excellent financial stability and customer service ratings
• Competitive prices and discounts
• Convenient payment options and plans

Cons

• All discounts are not offered in all states
• Does not employ local agents to guide customers
• Few coverage add-ons

More About GEICO

GEICO ranks third in Alaska with a score of 77.30 out of 100. Its full-coverage plan costs an average of $165 per year, while its liability-only package is priced at roughly $99 annually.

Apart from standard coverage, GEICO’s accessories coverage protects your bike accessories such as chrome pieces, saddlebags, seats, backrests, helmets and CB radios. You need to buy collision or comprehensive coverage to benefit from accessories coverage. GEICO's discounts include opportunities for multi-policies, loyalty, mature riders, multiple motorcycles, renewals, motorcycle safety courses, motorcycle safety foundation or military safety course and transfers. Certain discounts can help you save up to 20% on your annual premium. Policyholders can also purchase emergency roadside assistance.

It’s easy to get an online motorcycle insurance quote. You simply need to provide the following information:

• Your ZIP code and address
• Riding record
• Your birthdate
• Vehicle year, make and model
• Insurance coverage elections (see below for more information)

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Alaska regulations require all bikers to purchase motorcycle insurance with at least minimum liability-only coverage. The state’s minimum coverage requirements include:

• $50,000 bodily injury liability per person
• $100,000 bodily injury liability per accident
• $25,000 property damage liability

The minimum liability-only coverage regulations for all motor vehicles in Alaska is 50/100/25. This means your motorcycle insurance in Alaska should have liability limits of at least $50,000 for bodily injury per person, with a total of $100,000 per accident and $25,000 for property damage liability coverage. Your insurance provider will pay these costs in an at-fault accident.

In Alaska, it’s not mandatory for bike riders to have underinsured motorist, uninsured motorist or PIP (Personal Injury Protection) coverage. However, bodily injury and property damage coverage are mandatory. Based on your needs, you can get extra protection by opting for these coverages.

MONEYGEEK EXPERT TIP

MoneyGeek recommends that bikers in Alaska buy a full-coverage package of at least 50/100/25, but 100/300/100 is preferable and has just a small increase in cost.

MoneyGeek answers commonly asked questions about motorcycle insurance in Alaska to help you find the best provider for your needs.

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Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.

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About Mark Fitzpatrick

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Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark 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 economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.

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