Average car insurance cost in Wasilla, AK

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Based on an analysis by Insure.com, the typical car insurance expense in Wasilla, Alaska is $1,797 annually. Furthermore, car insurance premiums in Wasilla are $121 more than compared to the state average in Alaska and $98 less than the national average.

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Wasilla, the average car insurance rates by age and gender, and the costs in Wasilla based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Wasilla. Keep reading to learn more.

Cheap car insurance companies in Wasilla

Geico provides the best value for car insurance in Wasilla with coverage limits of 100/300/100, costing $1,450 annually.

A close second is State Farm, which offers car insurance at $1,646 per year.

Read about the best car insurance companies.

Average car insurance cost in Wasilla by coverage limits

The average car insurance rates in Wasilla by coverage type are as follows:

• State minimum coverage: $456 per year (limits of 25/50/25)
• Liability-only coverage: $570 per year (limits of 50/100/50)
• Full coverage: $1,797 per year (limits of 100/300/100)
• Non-owners coverage: $294 per year

In many states, drivers are legally required to maintain state minimum coverage. However, these requirements vary by state. However, the state minimum coverage does not protect vehicles listed on your policy in an at-fault accident.

It’s advisable to choose full coverage to avoid the risk of inadequate coverage and out-of-pocket expenses. You can also choose non-owners coverage if you often borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Wasilla

The average car insurance rate for a female driver in Wasilla, Alaska, is $1,781 per year.

While the rate for a male driver is $1,813 per year, which is $32 more than what female drivers pay, according to a rate analysis by Insure.com.

Women are considered to be safer drivers than men, and statistics have proved this, according to the Insurance Information Institute. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Wasilla

Car insurance rates in Wasilla, are highest for teens at $5,553 per year or $463 per month. According to the Insurance Information Institute, the rates are higher for teens (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road. To address this, there are specific driving laws for teens to help them drive better. Additionally, parents can potentially reduce teen insurance rates by adding them to their existing auto insurance policy.

As teens age and build a positive driving history, it’s common for car insurance rates to decline. Young adults typically pay $2,903 annually for their car insurance, which is $2,650 less than what teens pay for their insurance coverage.

In Wasilla, adult drivers pay an average of $1,783 per year for car insurance, while senior drivers pay $1,864 annually.

The rates for adults and seniors are notably lower compared to the rates for teens and young adults as they are more likely to obey the speed limits and follow the rules of the road, as per the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below depicts the average annual rates for drivers of different age groups:

Car insurance rate trends in Wasilla

Examining the trends in car insurance rates in Wasilla, Alaska, there was an upward trend from 2022 to 2023. Between 2022 and 2023, rates increase overall by 26% or $367.

The table below illustrates the trend over the three years:

Conclusion

Car insurance rates in Wasilla are higher than the average rates in Alaska. Drivers in Wasilla can secure affordable car insurance by shopping around and utilizing available discounts. Additionally, many insurance companies offer bundling discounts for customers who purchase multiple policies from the same provider.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.