Average homeowners insurance cost in Alaska

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Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.

On average, Alaska homeowners insurance costs $1,695 a year, based on Insure.com’s data.

Learn more about the average homeowners insurance rates by company and ZIP code in Alaska.

Key Takeaways

Homeowners insurance costs an average of $1,695 a year, based on Insure.com analysis.
Of all the ZIP codes in Alaska, 99824 has the most affordable home insurance rates at around $1,208 annually.
In Alaska, Western National Insurance provides the most affordable home insurance at an average annual premium of $1,201.

Average home insurance cost in Alaska by coverage level

The average cost of homeowners insurance in Alaska is $1,695 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $2,051 per year for homeowners insurance in Alaska for $100,000 in liability protection and $1,000 deductible. Below, you can find the average cost of homeowners insurance in Alaska for dwelling coverage of $300,000, $400,000 and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,342	$112
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,355	$113
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,695	$141
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,708	$142
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,051	$171
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,064	$172
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,765	$230
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,779	$232
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$4,149	$346
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$4,166	$347

Homeowners insurance companies in Alaska decide rates based on risk. They consider your location, claims history, credit history and coverage limit when calculating premiums.

If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Alaska

It’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Alaska using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Alaska. Based on the analysis, Western National Insurance received the lowest NAIC score and A rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Western National Insurance	$1,201	A	0.13	5
Country Financial	$1,369	A+	0.26	4.59
Allstate	$1,712	A+	0.9	3.02
State Farm	$1,745	A++	0.95	2.97

Average homeowners insurance cost by company in Alaska

Western National Insurance offers the most affordable homeowners insurance in Alaska, at an average annual premium of $1,201, followed by Country Financial and Allstate.

You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance.

Here are the average annual and monthly insurance rates for Alaska homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Western National Insurance	$1,201	$100
Country Financial	$1,369	$114
Allstate	$1,712	$143
State Farm	$1,745	$145
USAA*	$1,946	$162

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

Alaska homeowners insurance rates by ZIP code

In Alaska, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.

Shop around and compare quotes from different insurance companies to find the best home insurance rates in Alaska. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.

Most affordable ZIP codes for home insurance rates in Alaska

Home insurance costs vary across different areas in Alaska. What you pay for homeowners insurance depends on several factors, including your ZIP code. According to our data, the 99824 ZIP code has the lowest home insurance rates in Alaska, at $1,208 annually or $101 per month.

Here are the homeowners insurance rates for some of the most affordable ZIP codes in Alaska.

ZIP code	Average annual rate	Average monthly rate
99824	$1,208	$101
99821	$1,223	$102
99835	$1,235	$103
99833	$1,246	$104
99820	$1,267	$106
99516	$1,271	$106
99615	$1,272	$106
99801	$1,278	$107
99840	$1,284	$107
99826	$1,295	$108

Most expensive ZIP codes for home insurance rates in Alaska

Your ZIP code is a key factor in determining the cost of your homeowners insurance coverage. In Alaska, certain areas have higher insurance premiums due to elevated crime rates, increased risk of natural disasters, and higher living costs.

99755 has the most expensive homeowners insurance rates in Alaska at an average annual cost of $3,081.

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

ZIP code	Average annual rate	Average monthly rate
99755	$3,081	$257
99754	$3,048	$254
99753	$3,045	$254
99681	$2,906	$242
99789	$2,852	$238
99720	$2,806	$234
99768	$2,686	$224
99746	$2,656	$221
99671	$2,621	$218
99739	$2,558	$213

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

Home insurance rate trend in Alaska

We analyzed home insurance rate trends in Alaska and found that homeowners insurance rates experienced an overall decrease of 9% or $172, from 2022 to 2023.

The following data highlights the changes in homeowners insurance rates since 2019.

2019 rates	2022 rates	2023 rates
$1,461	$1,867	$1,695

Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting the most affordable coverage in Alaska.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.