Average homeowners insurance cost in Alaska

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.

According to Insure.com’s data analysis, the average cost of homeowners insurance in Alaska is $1,695 a year.

Continue reading to learn more about homeowners insurance rates in Alaska by ZIP code and insurer.

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

In Alaska, the annual homeowners insurance cost is $1,695, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.

Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $2,051 in Alaska, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Alaska based on dwelling coverage limits 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

In Alaska, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history, credit history and coverage limit all affect your premium.

If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer 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

Insurance companies in Alaska assess the risk associated with a specific location. ZIP codes prone to higher crime rates or frequent natural disasters are often classified as high-risk areas, which can lead to increased insurance premiums. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a homeowners insurance policy.

Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in Alaska. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Alaska

Homeowners insurance costs in Alaska can vary widely by location, with your ZIP code being a key factor in determining your rate. Based on our data, the the 99824 area has the most affordable insurance rates, at $1,208 annually or $101 monthly.

Below are the homeowners insurance rates for 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

In Alaska, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.

Homeowners in 99755 ZIP pay the highest insurance rates in Alaska, with an average annual premium of $3,081.

Below is a list of some of the most expensive ZIP codes in Alaska for homeowners 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 data below shows how much homeowners insurance rates have changed since 2019.

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

To choose the right homeowners insurance, it’s important to conduct thorough research and compare rates from various insurers, as each evaluates risk differently. Comparing quotes from at least three companies can help you secure 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.