Average renters insurance cost in Alaska

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Renters in Alaska pay an average of $269 annually – or $22 per month – for a policy with $40,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible. For most renters, this is a practical benchmark to start from.

Your actual premium is shaped by the amount of coverage you select, the insurer you go with, and individual factors such as your ZIP code, claims history, and depending on your state – your credit score.

How much does renters insurance cost in Alaska?

Renters insurance in Alaska costs an average of $22 per month for a standard policy with $40,000 in personal property coverage and $300,000 in liability protection. Your actual premium can vary based on your location, coverage level, and the value of your belongings, so it’s worth comparing quotes from multiple insurers to find the best rate.

As a general rule, opting for a higher deductible can bring your monthly costs down, while adding extra coverage for high-value items like electronics or jewellery will push it up. Choose a deductible and coverage level that fits both your budget and replacement needs.

Renters insurance in Alaska: Where to start

The average cost of renters insurance in Alaska is $269 per year, or $22 per month for a standard policy
For the most affordable option, Western National Insurance offers the lowest average rates in Alaska at around $151 annually
Rates vary quite a bit between insurers, so comparing a few quotes before committing is worth the effort

Which companies offer the cheapest renters insurance in Alaska?

Western National Insurance offers the most affordable renters insurance in Alaska, with an average annual cost of $151. Allstate and State Farm are also worth considering if you’re looking to keep costs down.

Choosing the cheapest insurer isn’t always the best option, so it’s important to review coverage limits, deductibles, and available discounts alongside price. The table below shows average annual and monthly rates from a range of 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?

The average annual cost of renters insurance in Alaska is $269, with a personal property coverage limit of $40,000, $300,000 in liability coverage and a $1,000 deductible.

However, if you lower your personal property coverage from $40,000 to $20,000, you can expect to pay $213 a year for renters insurance in Alaska. Make sure $20,000 is enough to cover your belongings before deciding to adjust your coverage.

The table below shows average annual renters insurance premiums in Alaska for personal property coverage of $20,000 and $40,000.

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?

Most renters need enough coverage to replace their personal belongings and protect against liability claims. A common starting point is $20,000 to $40,000 in personal property coverage and at least $300,000 in liability protection. That said, the right amount really depends on the value of what you own, any endorsements you might add for higher-value items, and how much risk you’re comfortable carrying yourself.

Renters insurance rates in Alaska by city

See rates in your city

Anchorage

Fairbanks

How much does renters insurance cost by city in Alaska?

Your city within Alaska can have a real impact on your renters insurance premium. Insurers factor in local variables like crime statistics, weather history, and how urban or suburban an area is when setting rates.

Here’s how average renters insurance costs break down across major cities in Alaska.

Does your ZIP code affect renters insurance rates in Alaska?

When it comes to pricing renters insurance, your ZIP code carries a lot of weight. Insurers look at the risk profile of your specific area – including local theft levels, weather exposure, and claims history – to determine your rate. Two renters with identical policies can pay very different premiums simply because of where they live.

Across Alaska, annual premiums range from around $239 in 99820 to $294 in 99567. The cheapest and most expensive ZIP codes in Alaska are listed below.

Why your ZIP code affects renters insurance costs

Renters insurance premiums are calculated using localized risk data, so rates can vary considerably depending on your neighborhood and ZIP code.

Factors that influence pricing include:

Local rates of theft and vandalism
Exposure to weather events such as wildfires, floods, or hurricanes
Fire incident history and repair costs in your area

A change of just a few ZIP codes can meaningfully affect your monthly rate.

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

Among all ZIP codes in Alaska, 99820 has the lowest average annual renters insurance rate at $239.

Lower theft rates and fewer weather-related claims are the main drivers behind more affordable premiums in these areas.

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?

99567 carries the highest average renters insurance cost in Alaska at $294 per year, or $24 per month.

Below are average annual renters insurance rates for every ZIP code in Alaska.

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

Compare quotes from a minimum of 3 insurers – pricing for the same coverage can vary by over $100 within a single ZIP code
Bundle renters and auto insurance with the same provider to unlock savings of 5% to 15%
Look into discounts tied to safety features. Smoke detectors, deadbolts, security cameras, and smart home systems can all qualify
Consider raising your deductible to $1,000 if it’s currently $500 – the savings can be around 10% annually
Ask your insurer about claims-free discounts if you’ve gone 3 or more years without filing

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

Is renters insurance worth it in Alaska?

For the vast majority of renters in Alaska, a renters insurance policy is a smart financial decision. It covers your personal belongings against fire, theft, vandalism, and certain disasters, and provides liability protection if a guest is injured in your home.

Data from the US Department of Commerce, US Census Bureau, and American Community Survey shows that roughly 48% of renter households in the US spend more than 30% of their income on housing costs – which means every recurring expense, including insurance, deserves careful consideration.

The best approach is to compare policies rather than just prices. Coverage quality, deductibles, and customer service all factor into whether a policy is actually good value. Paying a little more for stronger coverage often makes sense when it’s time 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.