Why you should trust Insurance.com
Insurance.com is dedicated to informing, educating, and empowering you to make confident insurance decisions. Our content is carefully reviewed by insurance experts, and we rely on a data-driven approach to create unbiased, accurate insurance recommendations. Insurance.com maintains editorial integrity through strict independence from insurance companies.

If you're looking for the best and cheapest car insurance in Anchorage, then you're in luck. Our team of experts at Insurance.com has analyzed major auto insurance carriers across Anchorage and prepared this guide for you.

The average cost of auto insurance in Anchorage for full coverage is $1,567 per year for the profile of a 30-year-old driver. However, your rates will vary depending on your driving record, age, and the amount of coverage you purchase.

The following guide will help you find the best car insurance companies in Anchorage. It also includes information on carriers with high customer satisfaction rates, as well as their respective insurance premium for your specific needs and situation.

Cheapest car insurance companies in Anchorage

According to a study by Insurance.com, the cheapest car insurance companies in Anchorage for 2023 are USAA and Geico.

USAA is the cheapest option for most Anchorage drivers, with an average annual rate of $1,038.

Car insurance cost may vary in Anchorage based on your location, driving record, coverage level and the insurance company you choose. Increase your chances of getting the best deal by comparing car insurance quotes from multiple carriers. The following companies are known to offer the cheapest auto insurance rates in Anchorage

CompaniesAverage Annual Rates
USAA$1,038
Geico$1,204
Progressive$1,363
State Farm$1,500
Western National Mutual$2,028
Allstate$2,272

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 $3,378. Insurance companies put teenagers in the category of high-risk drivers, and as a result they are charged higher rates for insurance.

However, teen drivers can keep their insurance rates low by taking advantage of the good student discount or by staying on your parents' car insurance policy for as long as possible.

Geico is the cheapest car insurance company for young adults. It offers full coverage auto insurance for young drivers in Anchorage at about $1,563 per year.

You'll find that car insurance rates are much lower by the time drivers reach their 30s than they are for drivers in their 20s. The cheapest auto insurance company for adult drivers in Anchorage is the USAA. Its average rate for a full coverage car insurance policy is $1,063 per year.

If you are a senior driver in Anchorage and looking for a cheap car insurance company, then consider buying insurance from the USAA. It is the cheapest auto insurance company for senior drivers with an average premium of $1,055 per year.

CompaniesAdultsSeniorsTeensYoung Adults
Allstate$2,235$2,397$6,791$3,936
Geico$1,187$1,083$4,372$1,563
Progressive$1,368$1,448$7,604$2,475
State Farm$1,529$1,466$5,150$2,846
USAA$1,063$1,055$3,378$1,608
Western National Mutual$2,135$2,053$5,678$3,910

Cheapest car insurance companies in Anchorage by driver profile

Car insurance rates in Anchorage vary by driver profile. Drivers with a history of accidents or tickets on their record will likely pay more for car insurance than those without any driving violations.

To find the cheapest car insurance company in Anchorage, it's important to compare auto insurance rates from multiple providers. This way, you can find the best deal that meets your needs and budget.

Here are some of the cheapest car insurance companies in Anchorage based on driver profile.

Cheapest for a driver with poor credit: USAA

The cheapest car insurance company for a driver with poor credit is USAA. It offers auto insurance for Anchorage drivers at about $1,955 per year.

Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit score.

CompaniesAverage Annual Rates
USAA$1,955
Progressive$1,994
Geico$2,322
State Farm$2,851
Allstate$2,954

Cheapest for drivers with a speeding ticket: USAA

USAA offers the cheapest auto insurance rates for drivers with a speeding ticket in Anchorage. It offers full coverage car insurance for drivers age 30 at about $1,342 per year.

Remember that the cheapest car insurance company for you may not be the cheapest company for someone else. Ensure you compare car insurance quotes from various carriers to secure the most favorable deal. This way, you can find the insurance company that offers the best rates and coverage for your specific needs.

CompaniesAverage Annual Rates
USAA$1,342
State Farm$1,637
Progressive$1,767
Geico$2,056
Allstate$2,691

Cheapest auto insurance after an at-fault accident: USAA

USAA is the cheapest auto insurance provider for drivers with a history of accidents. Its average annual rate for a driver with an at-fault accident in Anchorage is $1,564. If you've had an accident in the past, it's important to find a provider that offers rates that are affordable and won't hurt your pocket.

CompaniesAverage Annual Rates
USAA$1,564
State Farm$1,774
Geico$1,958
Progressive$2,318
Allstate$3,330

Cheapest auto insurance after a DUI: Progressive

Progressive is the carrier that offers cheap auto insurance rates in Anchorage for drivers after a DUI. Its average annual rate for full coverage is $1,631.

If you are convicted of a DUI, your auto insurance rates are likely to go up. To obtain the best possible offer, it is essential to compare car insurance quotes from multiple carriers.

CompaniesAverage Annual Rates
Progressive$1,631
State Farm$1,637
USAA$1,925
Geico$2,289
Allstate$3,163

Average car insurance cost in Anchorage

The average car insurance rate in Anchorage for full coverage is $1,567 per year or $131 a month. These rates are for coverage level of 100/300/100. Whereas the average rate for state minimum coverage in Anchorage is $511 per year.

You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies.

Average Annual RatesState Minimum Average
$1,567$511

Methodology

Insurance.com commissioned 2022 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 2022.

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. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.

Compare auto insurance rates by city in Alaska

Juneau
$1,170/year
Kodiak
$1,214/year
Petersburg
$1,174/year
Valdez
$1,321/year
White Mountain
$1,358/year

Helpful Auto Insurance Articles & Guides