Allstate, State Farm and Umialik offer Alaska's cheapest renters insurance. Allstate ranks highest for affordable rates, State Farm leads in customer reputation, and Umialik provides the most extensive coverage options.
Cheap Renters Insurance in Alaska
Updated: April 22, 2025
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Key Takeaways
Allstate offers Alaska's cheapest renters insurance, averaging $124 annually. It's also the best overall renters insurance company.
Renters insurance in Alaska costs an average of $14 per month, but it ranges from $10 to $18.
To get the best and most affordable renters insurance, determine your coverage needs first, research costs and compare multiple quotes.
Alaska Renters Insurance Quote Estimates
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Rates updated:
Apr 24, 2025
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Best Cheap Renters Insurance Companies in Alaska
| Allstate | 83 | $10 | $124 |
| State Farm | 63 | $17 | $203 |
| COUNTRY Financial | 55 | $16 | $188 |
| Umialik | 52 | $18 | $219 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Alaska
While the list above covers most renters, it may not reflect the best options for your needs. Below is a filterable table tailored to match your profile, helping you find the best choice in Alaska.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier:Good
| State Farm | 86 | $12 | $148 |
| Allstate | 83 | $10 | $121 |
| COUNTRY Financial | 71 | $13 | $152 |
| Umialik | 52 | $21 | $249 |
Best Alaska Renters Insurance Reviews
Below are more details about our top picks for affordability, customer service and coverage options for renters insurance in Alaska.
Allstate: Most Affordable Plans
pros
Most affordable rates
Largest discount offering selection
High financial stability ratings
cons
Below-average customer satisfaction
Limited add-on coverage options
COMPANY HIGHLIGHTS
Allstate offers Alaska's lowest overall renters insurance rates, starting at $10 monthly. It provides discounts for autopay enrollment and retirees over age 55. However, Allstate has below-average J.D. Power ratings for customer satisfaction and claims handling.
State Farm: Best for Customer Service
pros
High customer satisfaction ratings
Discount selections for young renters
Large add-on coverage selection
cons
Higher rates than average for most profiles
COMPANY HIGHLIGHTS
State Farm offers expensive renters insurance in Alaska but provides the best customer satisfaction. It ranks seventh in recent J.D. Power studies. State Farm also offers excellent add-on coverage options, including earthquake protection, pet coverage and computer damage protection.
Umialik: Best for Coverage Options
pros
Most extensive add-on coverage selection
State-specific coverage and expertise
Strong financial stability rating
cons
Most expensive for most renters
Limited online options
COMPANY HIGHLIGHTS
Although the most expensive option on our list, Umialik offers standout coverage as an Alaska-based insurer. Its local expertise includes protection for snowmobiles, wildlife damage and earthquakes.
Average Cost of Renters Insurance in Alaska
The average cost of renters insurance in Alaska is $167 per year, $75 lower than the national average of $242. These rates reflect policies with $50,000 in personal property coverage, $100,000 in liability limits and a $1,000 deductible.
Your actual rate may vary based on your profile. Check our table below to see major factors affecting renters insurance premiums and find average costs for your profile.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement:Covered
| $50K Personal Property / $100K Liability | $14 | $167 |
Alaska Renters Insurance: Buyer's Guide
Choosing renters insurance in Alaska is simple with our guide. Find the right coverage for your needs below.
How to Find the Best Cheap Renters Insurance in Alaska
With many options available, finding the best and cheapest renters insurance for your situation can be difficult. Follow this step-by-step guide to determine the right coverage:
- 1
Determine the right coverage level
Know how much coverage you need before shopping. List what you want insured and its value. Consider weather risks, crime rates and pet liability if needed.
- 2
Research costs and discounts
Find average rates to benchmark quotes. Look for discounts you qualify for when comparing providers.
- 3
Compare providers
Check reputations, costs and coverage options. This helps narrow your list to providers that meet your needs.
- 4
Consider bundling
Bundle renters with auto insurance. Often, auto policy savings cover the full cost of renters insurance.
- 5
Compare multiple quotes through different channels
Compare at least five quotes with matching coverage. Use comparison sites, provider websites and brokers, as rates may differ.
- 6
Compare rates annually
Insurance prices change quickly. Compare rates yearly to avoid overpaying.
How Much Renters Insurance Do I Need in Alaska?
Renters insurance isn't required by law in Alaska, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit and pet ownership. Consider how much property you want covered, weather risks, crime in your area and if you own a pet.
Use our calculator below to determine your ideal personal property limits and how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Alaska Renter Risk Considerations
Alaska renters face certain risks that may require additional insurance coverage:
- Weather risks: Alaska has a high risk of earthquakes, wildfires, volcanic eruptions, tsunamis and landslides in certain areas. Standard coverage may not cover these threats, requiring a separate purchase.
- Crime risks: Alaska ranks 23rd nationwide for property crime and 48th for identity theft and fraud. Consider add-ons or supplemental property damage coverage.
- Pet ownership: You might need pet liability coverage depending on your pet. Check how different providers handle pet coverage and whether it's included in standard policies.
- Property types: Standard policies may not fully cover special tools, valuables, electronics or structures like pools on rented property. Look for companies offering specific add-ons for these items.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers damage to your property, liability for harm to others and loss of use related to your rental home. Additional coverage options can make your policy more comprehensive. Common types of renters insurance coverage include:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Reimburses you for personal property within your rental up to a specified limit. Without replacement cost coverage, reimbursement is based on the item's actual cash value, not the original purchase price. Replacement cost coverage ensures you receive a new item of a similar kind and quality. | |
Standard | Protects you if someone is injured on your property. It covers medical expenses and legal costs and is often required by landlords. | |
Additional living expenses | Standard | Helps with expenses like meals, lodging and transportation if you lose access to your rental home. The limit is either a percentage of your personal property coverage or a flat amount, depending on the insurer. |
Natural disasters | Add-on | Covers personal property damage caused by earthquakes and floods. Separate policies for these disasters are available through select providers. |
Parts/Equipment | Add-on | Separate policies that cover tools, appliances and utilities in your rental home |
Scheduled property | Add-on | Allows you to insure certain valuable items up to a specified limit |
Identity theft | Add-on | Protects you financially from identity theft, covering stolen funds and legal costs. Some policies also offer monitoring services to help prevent identity theft. |
Pet liability | Add-on | Protects against injuries caused by your pet on your rental property, though a standard policy may cover this |
Modifications | Add-on | Covers parts of your rental property that aren't original, including custom additions and modifications |
Food loss | Add-on | Reimburses you for food lost due to covered incidents |
Best Renters Insurance in Alaska: Bottom Line
Allstate, State Farm and Umialik offer Alaska's best and cheapest overall renters insurance. While we recommend these companies, compare multiple quotes yourself to find the best deal.
Renters Insurance in Alaska: FAQ
Review our experts' answers to frequently asked questions below:
What is the cheapest renters insurance company in Alaska?
Allstate offers the cheapest renters insurance in Alaska, with an average annual premium of $124 or $10 per month.
What is the best renters insurance company in Alaska?
Allstate is the best renters insurance company in Alaska, with the highest MoneyGeek score of 83 out of 100 for its balance of affordability, customer service and coverage options.
How much does renters insurance cost in Alaska?
The average cost of renters insurance in Alaska is $167 per year or $14 per month, 31% below the national average. Annual premiums range from $124 to $219.
Is renters insurance required in Alaska?
Renters insurance isn't required by law in Alaska, but your landlord may require it. Consider your situation to decide if a policy makes sense for you. Benefits include protection against common types of damage and liability for injuries to others on your property.
How We Found the Best Cheap Renters Insurance Companies
We based our affordability score (60% of the total score) on quotes for a profile with:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
Our complete scoring also considered:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
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.
sources
- American Red Cross. "Which Natural Disasters Should You Prepare For?." Accessed April 21, 2025.
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed April 21, 2025.
- U.S. News. "Low Property Crime Rate." Accessed April 21, 2025.