Cheapest car insurance companies in Anchorage
A recent data analysis by Insurance.com found the cheapest car insurance companies are Geico and State Farm in Anchorage for 2023.
Geico has the cheapest car insurance rates in Anchorage at an average cost of $1,511 per year.
The cost of car insurance in Anchorage varies depending on your ZIP code, driving history, coverage level, and carrierAn insurance carrier is the company that provides your car insurance policy and pays claims.. To maximize your chances of finding a great deal, it's recommended to compare quotes from multiple carriers.
Here’s a list of insurance companies offering affordable premiums to drivers in Anchorage.
| Companies | Average annual rates |
|---|---|
| USAA | $1,141 |
| Geico | $1,511 |
| State Farm | $2,066 |
| Progressive | $2,079 |
| Allstate | $2,321 |
| Western National Mutual | $2,583 |
Cheapest car insurance cost in Anchorage by Age Group
The cheapest auto insurance company in Anchorage for teen drivers is USAA. For full coverage, its average annual rate for Anchorage drivers is $3,608. Insurance companies put teenagers in the category of high-risk drivers, and as a result, they are charged higher rates for insurance.
Teens can maintain lower car insurance premiums by leveraging the good student discount or by remaining on their parent’s existing policy as long as feasible.
USAA provides the cheapest car insurance coverage for young drivers in Anchorage, with an annual premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. of $1,722 on average.
For Anchorage drivers entering their 30s, car insurance becomes significantly more affordable compared to their younger years. USAA provides the cheapest car insurance premiums, offering full coverage policies at $1,148 annually.
Anchorage senior drivers seeking affordable car insurance should look no further than USAA. It offers the cheapest car insurance rates for seniors, with an average annual premium of $1,187. It makes USAA a good choice for seniors who want to save money without sacrificing coverage.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| USAA | $3,608 | $1,722 | $1,148 | $1,187 |
| Geico | $5,164 | $1,873 | $1,445 | $1,310 |
| Allstate | $6,317 | $3,755 | $2,284 | $2,708 |
| State Farm | $6,436 | $3,597 | $2,064 | $2,051 |
| Western National Mutual | $6,934 | $4,782 | $2,630 | $2,739 |
| Progressive | $8,435 | $3,337 | $2,043 | $2,322 |
Cheapest car insurance companies in Anchorage by driver profile
Insurers in Anchorage consider various factors, including driver profile, to calculate car insurance premiums. You can expect to pay significantly higher rates if you have a history of accidents or traffic citations on your driving record. On the other hand, those with a clean driving record enjoy more affordable coverage.
Comparison shopping is the key to getting the cheapest car insurance rates in Anchorage. By comparing rates from multiple providers, you ensure you're getting the coverage you need at an affordable price.
In Anchorage, these insurance companies offer cheap car insurance rates based on your driver profile.
- Cheapest for a driver with poor credit: USAA
- Cheapest for a driver with a speeding ticket: USAA
- Cheapest for accident: USAA
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: USAA
USAA is the cheapest car insurance option for drivers with poor credit. Its average annual auto insurance cost for Anchorage drivers is $1,938.
Here are car insurance carriers that offer affordable rates for drivers with poor credit scores in Anchorage.
| Company | Average annual rates |
|---|---|
| USAA | $1,938 |
| Progressive | $2,213 |
| Geico | $2,365 |
| Allstate | $2,836 |
| State Farm | $2,851 |
Cheapest for drivers with a speeding ticket: USAA
In Anchorage, USAA provides the cheapest car insurance premiums for drivers aged 30 with speeding tickets on their record at an annual cost of $1,380, on average.
Finding the right car insurance company is all about individual needs. Take the time to compare quotes from different carriers and secure the best deal. With careful analysis, you can find an insurance company that provides the best rates and coverage tailored to your specific needs.
| Company | Average annual premium |
|---|---|
| USAA | $1,380 |
| State Farm | $1,637 |
| Progressive | $1,997 |
| Geico | $2,233 |
| Allstate | $2,643 |
Cheapest auto insurance after an at-fault accident: USAA
According to Insurance.com's analysis, USAA tops the list of cheap car insurance providers in Anchorage for drivers involved in at-fault accidents, with an average annual cost of $1,761. After being in an at-fault accident, finding cheap car insurance rates might seem challenging, but by comparing quotes, you can find a policy that aligns with your budget.
| Company | Average annual rates |
|---|---|
| USAA | $1,761 |
| State Farm | $1,774 |
| Geico | $2,194 |
| Progressive | $2,802 |
| Allstate | $3,450 |
Cheapest auto insurance after a DUI: State Farm
State Farm is the cheapest option for Anchorage drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $1,637, on average.
A DUI conviction can significantly affect your auto insurance rates. However, to keep your coverage rates low, it is important to compare quotes from various insurers before renewing or purchasing a new policy. Doing so ensures you get the most competitive rate for your situation.
| Company | Average annual rates |
|---|---|
| State Farm | $1,637 |
| USAA | $2,027 |
| Progressive | $2,082 |
| Geico | $2,739 |
| Allstate | $3,637 |
Average car insurance cost in Anchorage
In Anchorage, the annual cost of car insurance for the coverage level of 100/300/100 is $1,950 or around $163 per month. However, the average yearly rate for state minimum coverage in Anchorage is $623.
Choosing full coverage insurance may mean a higher policy cost compared to the state minimum, but it offers better protection. It provides liability coverage as well as
| Average annual Rates | $1,950 |
| State minimum average | $623 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington, D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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