Average renters insurance cost in Alaska

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Renters in Alaska pay an average of $269 per year, or $22 per month for renters insurance. This is based on a standard policy covering $40,000 in personal property, $300,000 in liability, and a $1,000 deductible – a reasonable baseline for most renters.

What you actually pay will depend on your coverage amount, which insurer you choose, and personal details like your ZIP code, claims history, and in some states, your credit score.

How much does renters insurance cost in Alaska?

The average monthly cost of renters insurance in Alaska is $22 for a policy with $40,000 in personal property coverage and $300,000 in liability protection. Premiums can shift depending on where you live, how much coverage you need, and the total value of your belongings – which is why getting quotes from several insurers is a smart move.

Generally speaking, raising your deductible lowers your monthly premium, while adding coverage for valuables like jewelry or electronics increases it. Choose a deductible and coverage level that fits both your budget and replacement needs.

Renters insurance in Alaska: Where to start

Renters insurance in Alaska averages $269 per year, or $22 per month for a standard policy
If you’re looking for the lowest price, Western National Insurance tends to offer the most competitive rates in Alaska, averaging around $151 per year
Since pricing varies widely between providers, it pays to compare a few options before making a decision

Which companies offer the cheapest renters insurance in Alaska?

The most affordable renters insurance in Alaska comes from Western National Insurance, which averages $151 per year. Allstate and State Farm are also competitive options for budget-conscious renters.

Keep in mind that the cheapest policy isn’t always the right one – coverage limits, deductibles, and available discounts all matter. The table below compares average annual and monthly rates from leading insurers in Alaska.

Company	Average annual rate	Average monthly rate
Western National Insurance	$151	$13
Allstate	$156	$13
State Farm	$180	$15
Country Financial	$195	$16
USAA*	$401	$33

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

Want a more accurate renters insurance estimate?

Use our calculator to get a personalized renters insurance quote based on your location and coverage needs.

Your final premium may vary depending on the insurer, coverage limits, deductible, claims history, and other rating factors.

Renters insurance calculator in Alaska

$246/year

Estimated renters insurance rates in Alaska

$21

Monthly renters insurance cost in Alaska

-9%

Compared to national average

How much does renters insurance cost by coverage level in Alaska?

At the standard coverage level – $40,000 in personal property, $300,000 in liability, and a $1,000 deductible – renters insurance in Alaska averages $269 per year.

If you reduce your personal property coverage to $20,000, that average drops to around $213 annually. Before making that adjustment, it’s worth confirming that $20,000 would genuinely cover the cost of replacing your belongings.

The table below compares average annual renters insurance costs in Alaska at both the $20,000 and $40,000 coverage levels.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$206	$17
$20,000 with $500 Deductible and $300,000 Liability	$229	$19
$20,000 with $1,000 Deductible and $100,000 Liability	$191	$16
$20,000 with $1,000 Deductible and $300,000 Liability	$213	$18
$40,000 with $500 Deductible and $100,000 Liability	$266	$22
$40,000 with $500 Deductible and $300,000 Liability	$289	$24
$40,000 with $1,000 Deductible and $100,000 Liability	$246	$21
$40,000 with $1,000 Deductible and $300,000 Liability	$269	$22
$60,000 with $500 Deductible and $100,000 Liability	$323	$27
$60,000 with $500 Deductible and $300,000 Liability	$346	$29
$60,000 with $1,000 Deductible and $100,000 Liability	$301	$25
$60,000 with $1,000 Deductible and $300,000 Liability	$324	$27

People also ask: How much renters insurance coverage do I need?

Coverage needs vary from person to person, but a common starting range is $20,000 to $40,000 in personal property protection and at least $300,000 in liability coverage. The right amount ultimately comes down to the value of what you own, whether any of your items warrant separate endorsements, and how much of a financial cushion you want between you and an unexpected loss.

How much does renters insurance cost by city in Alaska?

Renters insurance premiums can differ depending on where in Alaska you live. Factors like local crime rates, weather patterns, and the density of the area all play a part in what insurers charge.

Here’s how average renters insurance rates compare across major cities.

Renters insurance rates in Alaska by city

See rates in your city

Anchorage

Fairbanks

Does your ZIP code affect renters insurance rates in Alaska?

Your ZIP code is one of the most significant factors in how insurers price your policy. Areas with higher rates of theft, more frequent weather events, or a greater number of past claims tend to see higher premiums – even for the same level of coverage.

In Alaska, annual rates range from roughly $239 in 99820 to $294 in 99567. Below are the cheapest and most expensive ZIP codes for renters insurance in Alaska.

Why your ZIP code affects renters insurance costs

Insurers use neighborhood-level risk data when calculating your premium, which means rates can differ significantly from one ZIP code to the next.

Key factors include:

Theft and vandalism rates in your area
Exposure to weather risks like hurricanes, wildfires, or flooding
Historical fire claims and local rebuilding costs

Even shifting a few ZIP codes can change what you pay each month.

What are the most affordable ZIP codes for renters insurance in Alaska

99820 has the lowest average annual renters insurance cost at $239.

Areas with fewer theft incidents and lower weather-related claim activity tend to have more affordable premiums overall.

ZIP code	City	Average annual rate	Average monthly rate
99820	Angoon	$239	$20
99821	Auke Bay	$239	$20
99918	Coffman Cove	$239	$20
99921	Craig	$239	$20
99824	Douglas	$239	$20
99825	Elfin Cove	$239	$20
99826	Gustavus	$239	$20
99827	Haines	$239	$20
99829	Hoonah	$239	$20
99923	Hyder	$239	$20

What are the least affordable ZIP codes for renters insurance in Alaska

At the other end of the spectrum, 99567 has the highest average renters insurance cost in Alaska, at $294 per year or $24 per month.

Below are average annual rates across all ZIP codes in Alaska, based on quotes from major providers.

ZIP code	City	Average annual rate	Average monthly rate
99567	Chugiak	$294	$24
99587	Girdwood	$294	$24
99540	Indian	$294	$24
99556	Anchor Point	$292	$24
99599	Anchorage	$292	$24
99652	Big Lake	$292	$24
99586	Chistochina	$292	$24
99566	Chitina	$292	$24
99568	Clam Gulch	$292	$24
99610	Cohoe	$292	$24

How to lower your renters insurance, even in a high-cost ZIP code

Get quotes from at least 3 insurers – rates for identical coverage can differ by $100 or more within the same ZIP code
Bundle your renters and auto insurance to cut 5% to 15% off your premium
Ask about discounts for safety features like smoke detectors, deadbolts, security systems, or smart home devices
Raise your deductible from $500 to $1,000 – this alone can reduce your premium by around 10%
If you haven’t filed a claim in 3 or more years, ask about a claims-free discount

Is renters insurance worth it in Alaska?

For most renters in Alaska, renters insurance is well worth having. It protects your belongings against fire, theft, vandalism, and certain natural disasters, while also providing liability coverage if someone is injured in your home.

According to the US Department of Commerce, the US Census Bureau and American Community Survey – over 48% of renter households in the US spend more than 30% of their income on rent and utilities, which means even smaller ongoing expenses like insurance are worth managing carefully.

Finding the right policy comes down to shopping around. Price matters, but it’s also important to review coverage options, deductibles, and customer satisfaction. Paying slightly more for better coverage can make a real difference when you need to file a claim.

Frequently asked questions

What does renters insurance actually cover?

Renters insurance typically covers your personal belongings, liability protection and additional living expenses if your rental becomes uninhabitable. This includes damage or loss from events like fire, theft and vandalism, as well as legal or medical costs if someone is injured in your home. Coverage details vary by policy, so it’s important to review limits and exclusions.

Do I really need renters insurance in Alaska?

Renters insurance isn’t always required by law, but it’s often worth having because it protects your belongings and provides liability coverage. Even a basic policy can cover thousands of dollars in losses from theft, fire or damage, which can be costly to replace out of pocket. Many landlords also require renters insurance as part of the lease.

Sources:

Insurance Information Institute. Facts + statistics: Renters insurance. Accessed May 2026.

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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.