Average homeowners insurance cost in Alaska

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Home insurance in Alaska costs an average of $1,381 per year for standard coverage.

Your actual cost depends on your dwelling coverage limit and the protection level you choose. Higher coverage means higher premiums. Western National Insurance offers competitive rates in the state, making it a strong option to consider as you compare coverage levels.

Shop around and ask about discounts. Rates vary widely between insurers, and depend on factors like your home’s location, age, construction, roof condition, and claims history-so getting quotes specific to your address and comparing several companies helps you find the best deal.

Key Takeaways

Based on our data, homeowners insurance in Alaska costs an average of $1,381 per year.
Among all ZIP codes in Alaska, 99840 has the most affordable rates, averaging around $987 annually.
For the lowest insurer rates in Alaska, Western National Insurance comes in at an average annual premium of $1,123.

What is the average cost of homeowners insurance in Alaska?

The average homeowners insurance premium in Alaska is $1,381 annually for a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

How much is home insurance in Alaska? Cost by coverage level

On average, homeowners in Alaska pay $1,381 a year for insurance – a figure based on $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

Raising your dwelling coverage from $300,000 to $400,000, with the same liability and deductible, brings the average annual cost to $1,665 in Alaska.

The table below shows average homeowners insurance costs in Alaska for dwelling coverage from $200,000 to $1 million.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $200,000 Liability and None Hurricane	$1,082	$90
$200,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$1,094	$91
$300,000 with $1,000 Deductible and $200,000 Liability and None Hurricane	$1,381	$115
$300,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$1,397	$116
$400,000 with $1,000 Deductible and $200,000 Liability and None Hurricane	$1,665	$139
$400,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$1,686	$140
$600,000 with $1,000 Deductible and $200,000 Liability and None Hurricane	$2,247	$187
$600,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$2,262	$188
$1,000,000 with $2,500 Deductible and $200,000 Liability and None Hurricane	$3,131	$261
$1,000,000 with $2,500 Deductible and $300,000 Liability and None Hurricane	$3,152	$263

Average home insurance cost in Alaska by insurer

The most affordable homeowners insurance in Alaska comes from Western National Insurance, which averages $1,123 per year. Country Financial and State Farm are also worth considering.

Shopping around can save you hundreds, or more, each year.

Below are average annual and monthly premiums for Alaska homeowners, based on a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Western National Insurance	$1,123	$94
Country Financial	$1,369	$114
State Farm	$1,434	$119
Allstate	$1,999	$167
USAA*	$1,290	$108

*USAA is only available to military community members and their families.

How to lower your home insurance rate

Shop around. The first quote you receive is rarely the best one. Getting estimates from at least three or four insurers gives you a clearer picture of what’s available in Alaska.
Bundle your policies. Combining home and auto insurance, or renters and auto, with the same provider is one of the most common ways to unlock multi-policy discounts.
Ask about smart home discounts. Security systems, smoke detectors, and leak sensors are the kinds of upgrades that can bring your premium down.
Check for other savings. Loyalty discounts, claims-free rewards, and home improvements like fire-resistant roofing are worth asking about at renewal.

How does your ZIP code affect home insurance rates in Alaska?

Your ZIP code is one of the biggest factors in your home insurance rate, because it tells the insurer how much risk comes with your location. Areas with higher crime rates, frequent natural disasters, or high rebuilding costs are treated as higher-risk-and that pushes premiums up.

Below are the most affordable and most expensive ZIP codes for home insurance in Alaska

Most affordable ZIP codes for home insurance rates in Alaska

The most affordable rates are in 99840, where homeowners pay $987 per year on average.

Not every area in Alaska has the same home insurance cost. How much you pay for homeowners insurance in Alaska depends on many factors, including your ZIP code.

Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Alaska.

ZIP code	Average annual rate	Average monthly rate
99840	$987	$82
99835	$989	$82
99927	$994	$83
99833	$1,002	$84
99821	$1,004	$84
99801	$1,010	$84
99827	$1,012	$84
99929	$1,015	$85
99919	$1,021	$85
99829	$1,024	$85

Most expensive ZIP codes for home insurance rates in Alaska

99786 has the highest rates in Alaska at an average of $1,675 per year.

Home insurance costs more in certain ZIP codes due to higher crime rates, natural disaster risk, and living costs.

Below, we’ve highlighted some of the most expensive ZIP codes in Alaska for home insurance:

ZIP code	Average annual rate	Average monthly rate
99786	$1,675	$140
99723	$1,656	$138
99730	$1,651	$138
99738	$1,644	$137
99721	$1,629	$136
99766	$1,628	$136
99751	$1,627	$136
99741	$1,621	$135
99658	$1,611	$134
99753	$1,604	$134

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Alaska by city

See rates in your city

Anchorage

Fairbanks

Juneau

What’s the trend in home insurance rates for Alaska?

From the span of 2023 to 2025, Alaska saw home insurance rates decrease by 18%, in line with how the state’s insurance market has been trending overall.

The table below breaks down the year-over-year rate changes going back to 2022:

2022 rates	2023 rates	2025 rates
$1,868	$1,691	$1,381

What are the best homeowners insurance companies in Alaska?

Based on our data, Western National Insurance stands out as the top choice in Alaska. It earns an AM Best rating of A+ and holds one of the lowest NAIC complaint scores statewide-a strong sign of both reliability and customer satisfaction.

To pinpoint the most trustworthy insurers, we measured each company against two benchmarks:

AM Best Ratings gauge a company’s financial strength and its ability to pay claims when you need it most.
NAIC Complaint Scores compare how often a company is the subject of complaints relative to its size, with lower scores pointing to fewer problems.

Looked at together, these benchmarks give a dependable picture of an insurer’s financial footing and the experience you can expect as a customer. The table below ranks the leading companies in Alaska by annual premium, financial rating, and complaint history.

Company	Average annual premium	Am Best Rating	NAIC Complaint Index	Overall score
Western National Insurance	$1,123	A+	0.18	4.79
Country Financial	$1,369	A+	0.23	4.76
State Farm	$1,434	A+	1.15	4.7
Allstate	$1,999	A+	1.26	4.62
USAA*	$1,290	A++	0.46	4.85

*USAA is only available to military community members and their families.

How to understand insurer ratings and complaint data

A good insurer answers two questions well: Can it pay your claim, and does it keep its customers happy? Independent rating agencies measure both, giving you an evidence-based way to compare your options.

The two ratings referenced here:

AM Best, which assesses an insurer’s financial strength and capacity to pay claims. Higher ratings indicate greater financial stability.
NAIC Complaint Index, compiled by the National Association of Insurance Commissioners from consumer complaint data. The baseline is 1.00 – a lower score means fewer complaints than expected for the insurer’s size, and a higher score means more.

What factors affect your home insurance rate?

Home insurance rates come down to how much risk you represent to the insurer. The main factors they weigh:

Where you live. Local crime, weather risk, and how often neighbors file claims.
Your claims history. Past claims usually raise your rate.
Your credit-based insurance score. Weaker credit can mean a higher premium (restricted in some states, like California and Massachusetts).
Your coverage limits and deductible. More coverage or a lower deductible costs more.

Rates have also been climbing across the board. Home insurance premiums for owner-occupied homes rose more than 11% nationwide in 2023, according to S&P Global Market Intelligence’s RateWatch application.

Resources and Methodology

Sources:

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed August 2026.

Methodology

Insure.com worked with Quadrant Information Services to compile homeowners insurance data, analyzing 37,973,840 quotes from 75 company groups (134 companies) across 34,595 ZIP codes in all 51 states.

Rates are based on a sample homeowner profile with good credit and the following coverage:

$300,000 dwelling coverage
$100,000 liability protection
$1,000 deductible

The national average annual premium (non-hurricane deductible) is $2,543.

Company rankings factor in:

AM Best rating: 30%
NAIC score: 35%
Annual premium: 35%

All quoted rates are for comparison purposes and individual premiums may vary.

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.