Average car insurance cost in Alaska

Understanding potential costs is essential when seeking auto insurance in Alaska. On average, car insurance in Alaska costs $1,676 annually or $140 monthly. This figure contrasts with the national average of $1,682, showcasing a variance of $219 from the state average.

You’re likely aware of this if you’re a resident here. Numerous factors contribute to car insurance premiums. Among them are age, gender, driving history, credit score, and location.

This guide also provides insights into the average cost of full coverage in the state, companies offering affordable monthly premiums, average car insurance rates across cities in Alaska, and car insurance rates by age group.

It’s wise to shop around and compare quotes to ensure you’re not overpaying for auto insurance. Continue reading the guide to ensure your insurance policy meets your needs without surpassing your budget.

Average annual cost
$1,676

Average per month cost
$140

Average cost for state minimum coverage
$398 / Year

Cheapest car insurance company
Geico($1,338 / Year)

Average cost for young drivers
$2,688 / Year

Average cost for Senior drivers
$1,728 / Year

Average car insurance cost in Alaska per month

In Alaska, car insurance costs around $140 per month on average.

It’s a common occurrence for the cost of the same coverage to vary among companies, which is true of every auto insurance company. Thus, when seeking car insurance rates in Alaska, it’s wise to obtain quotes from multiple firms.

Cheapest car insurance companies in Alaska

According to Insure.com’s rate analysis, the most affordable provider of car insurance premiums in Alaska is Geico, with an average annual cost of $1,338 and a monthly average of $111. Following closely is State Farm, providing coverage at an average monthly rate of $143.

The following table lists additional car insurance companies operating in Alaska and their respective average monthly and annual costs.

Affordable car insurance providers in Alaska

Graph

Table

Company name	Average per month cost	Average annual cost
Geico	$111	$1,338
State Farm	$143	$1,713
Progressive	$145	$1,742
Western National Insurance	$165	$1,984
Allstate	$176	$2,114
USAA	$97	$1,166

Read our guide to cheap car insurance companies

Methodology

Insure.com commissioned Quadrant Information Services to calculate average auto insurance rates for vehicles from 2006 to 2023.

Our hypothetical driver is a 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage.

Rates for vehicles up until 2023 includes uninsured motorist coverage (since some states require it, we do it for all) and PIP or Medical Payments, if it is required by state law. This hypothetical driver has a clean record and good credit.

For liability 100/300 is rates the same hypothetical driver but with liability limits of 100/300/50, uninsured/underinsured motorist in matching amounts and PIP or MedPay, if required by state. We recommend limits this high, even if you have only liability coverage. A state-minimum policy includes only the basic state liability limits and any other state-required coverages, such as uninsured motorist or PIP.

Averages were calculated using data from six large carriers, such as Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm. Rates were averaged across multiple ZIP codes and insurance companies. Average rates are for comparative purposes; your rate will depend on your personal factors.

Average cost of car insurance by coverage levels in Alaska

The extent of coverage you select determines car insurance costs in Alaska. Your liability limits and whether you opt for comprehensive, or collision coverage determine your premiums.

Liability-only insurance protects against third-party property damage and personal injuries in accidents. However, in the event of a collision, having liability coverage alone would not extend to your injuries or personal property damage since you are responsible for the accident. For instance, with a 50/100/50 liability-only coverage limit, the average annual cost in Alaska amounts to $508.

Expanding your policy to include more coverage results in a higher insurance premium. This is because the insurance provider is liable to compensate you for accidents or other damage. Consequently, the average annual cost of full coverage car insurance in Alaska stands at $1,676.

Non-owner state minimum liability coverage is the most appropriate choice for individuals who do not own a vehicle but regularly rent one. Like liability-only coverage, it protects property damage and bodily injury inflicted upon another driver. In Alaska, the average annual cost for non-owner state minimum liability coverage stands at $260.

Meanwhile, for those who wish to save money on car insurance premiums, selecting only the state minimum liability coverage enables legal driving within the state. The annual cost for state minimum liability coverage alone amounts to $398 in Alaska.

Auto insurance premiums vary significantly from city to city, so drivers need to be sure they’re getting the best deal. Insure.com has done the research for you. Get more information on auto insurance rates by city below.

Car insurance rates in Alaska by city

Fairbanks

Wasilla

Average car insurance cost in Alaska by city

Your car insurance premium is determined by several factors, such as your state, city, and even ZIP code. The frequency of accidents and the probability of vehicle theft or vandalism play a role in determining the overall cost associated with a city or ZIP code.

The table below depicts the top popular cities in Alaska:

Average car insurance cost in Alaska by age of the driver

Age plays a significant role in determining auto insurance premiums. Teenagers have a higher likelihood of being involved in car accidents compared to other age groups. The average annual rate for young drivers in Alaska is $2,688, whereas for seniors, it’s $1,728. The rate for young drivers surpasses that of senior drivers by $960.

Based on statistical data, young drivers are at a higher risk of being involved in vehicle accidents compared to more seasoned drivers. Consequently, they are categorized as high-risk drivers, leading to higher insurance costs. Factors such as speeding and limited road experience contribute to this high-risk classification. However, premiums begin to increase again around age 70, as certain age-related factors can impact driving capabilities.

Average car insurance cost in Alaska for young drivers

For female young drivers in Alaska, the average annual car insurance cost is $2,496, and $208 per month. Conversely, male young drivers face an average annual rate of $2,880, and $240 per month.

The average annual rates for young male and female drivers are listed in the table below:

Average car insurance cost in Alaska for senior drivers

For senior female drivers in Alaska, the annual cost of car insurance is $1,685, or $140 per month. Similarly, male senior drivers face an annual insurance rate of $1,772, or $148 per month.

Read more about senior car insurance

Minimum car insurance requirements in Alaska

Every state establishes laws regarding the minimum car insurance coverage drivers must possess to lawfully drive a vehicle. As outlined by the Alaska Department of Insurance, the following are the mandatory coverages and minimum coverage limits mandated in Alaska:

• Bodily injury per person: $50,000

• Bodily injury per accident: $100,000

• Personal property coverage per person: $25,000

Cheapest cars to insure in Alaska

The Kia Seltos has the lowest average annual insurance premium, at $1,305, with the Honda HR-V closely following at $1,313. Annually, the insurance cost difference between these two models amounts to $8.

Most expensive cars to insure in Alaska

The most expensive car to insure on the list is the Maserati Quattroporte Trofeo, which has an average annual premium of $4,297. However, the difference between the cheapest and most expensive cars to insure is $2,992 annually.

Methodology

The Insure.com team worked with Quadrant Information Service to get car insurance data. Our team of data analysts and expert editors have analyzed 56,838,240 insurance quotes from 136 insurance companies across 34,523 ZIP codes to determine the average premiums. The insurance rates are based on a sample profile of a 40-year-old male driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits of 100/300/100. The quoted insurance rates are for comparison purposes, and your rates may vary.

How much is car insurance in other states

Alabama$1,860/Year

Arkansas$1,957/Year

Arizona$1,812/Year

California$2,416/Year

Colorado$2,337/Year

Connecticut$1,725/Year

Delaware$2,063/Year

Florida$2,694/Year

Georgia$1,970/Year

Hawaii$1,517/Year

Iowa$1,630/Year

Idaho$1,428/Year

Illinois$1,532/Year

Indiana$1,515/Year

Kansas$1,900/Year

Kentucky$2,228/Year

Louisiana$2,883/Year

Massachusetts$1,726/Year

Maryland$1,746/Year

Maine$1,175/Year

Michigan$2,352/Year

Minnesota$1,911/Year

Missouri$1,982/Year

Mississippi$2,008/Year

Montana$2,193/Year

North Carolina$1,741/Year

North Dakota$1,665/Year

Nebraska$1,902/Year

New Hampshire$1,265/Year

New Jersey$1,902/Year

New Mexico$2,049/Year

Nevada$2,060/Year

New York$1,870/Year

Ohio$1,417/Year

Oklahoma$2,138/Year

Oregon$1,678/Year

Pennsylvania$1,872/Year

Rhode Island$2,061/Year

South Carolina$2,009/Year

South Dakota$2,280/Year

Tennessee$1,677/Year

Texas$2,043/Year

Utah$1,825/Year

Virginia$1,469/Year

Vermont$1,319/Year

Washington$1,608/Year

Wisconsin$1,664/Year

West Virginia$2,005/Year

Wyoming$1,758/Year

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