- Best car insurance companies in Alaska: Geico
- Cheapest car insurance companies in Alaska: Geico
- Average cost of car insurance in Alaska
- Alaska car insurance requirements
- Cheapest car insurance companies for minimum liability coverage in Alaska
- Cheapest car insurance cost in Alaska by age
- Cheapest car insurance companies in Alaska by driver profile
- Compare auto insurance rates by city in Alaska
- Car insurance premium trends in Alaska
- Methodology
- Compare Alaska car insurance rates with other states
Best car insurance companies in Alaska: Geico
Geico is the best car insurance company in Alaska, based on an analysis by Insurance.com, with an overall rating of 3.31. State Farm, Progressive, and Allstate are among the top car insurance companies in Alaska based on price, NAIC complaint ratio, and AM Best financial ratings.
The total Insurance.com score is calculated out of five using these factors.
| Company | AM Best | JD Power | NAIC | Insurance.com score | Average annual premium |
|---|---|---|---|---|---|
| Geico | A++ | 825 | 0.91 | 3.31 | $1,338 |
| State Farm | A++ | 822 | 0.7 | 3.18 | $1,713 |
| Progressive | A+ | 811 | 0.65 | 2.92 | $1,742 |
| Allstate | A+ | 812 | 0.65 | 2.52 | $2,114 |
Cheapest car insurance companies in Alaska: Geico
Based on a rate analysis by Insurance.com, USAA offers the cheapest full coverage car insurance in Alaska, with average rates of $1,166 annually, but it isn’t available to everyone. Geico is the cheapest company open to all drivers, with an average annual rate of $1,338 for full coverage in Alaska.
Allstate is the cheapest company for state minimum liability, with an average annual rate of $324. USAA has cheaper rates if you are eligible. At $405 annually, Allstate also offers the cheapest liability-only car insurance in Alaska.
Don't just go with the first insurer you come across. Comparison shopping is the key when it comes to finding the best deal on auto insurance. Get quotes from several different insurers and compare their rates. You may be surprised at how much difference there can be in rates from one company to another.
We have gathered price quotes from all the major insurance providers and put together a list of the cheapest car insurance companies in Alaska.
| Company | State minimum liability | 50/100/50 liability | 100/300/100 liability with $500 deductible |
|---|---|---|---|
| USAA | $251 | $335 | $1,166 |
| Geico | $384 | $477 | $1,338 |
| State Farm | $376 | $461 | $1,713 |
| Progressive | $672 | $865 | $1,742 |
| Western National Mutual | $381 | $503 | $1,984 |
| Allstate | $324 | $405 | $2,114 |
*USAA offers car insurance only to military members, veterans and their families.
Average cost of car insurance in Alaska
The average cost of car insurance in Alaska is $1,676 a year for a full coverage policy with a coverage level of 100/300/100 for a driver age 40, according to a rate analysis by Insurance.com. For the state minimum coverage, the average annual cost in Alaska is $398.
Auto insurance calculator
Most & least expensive ZIP codes for auto insurance in Alaska
Most Expensive
| ZIP code | City | Highest rate |
|---|---|---|
| 99504 | Anchorage | $175 |
| 99507 | Anchorage | $174 |
| 99518 | Anchorage | $174 |
| 99501 | Anchorage | $174 |
Least Expensive
| ZIP code | City | Lowest rate |
|---|---|---|
| 99824 | Douglas | $123 |
| 99901 | Ketchikan | $123 |
| 99918 | Coffman Cove | $124 |
| 99811 | Juneau | $124 |
The Alaska Division of Insurance says...
Alaska law requires companies to give a discount to any primary driver who is over age 55 and who voluntarily completes a motor vehicle accident prevention course approved by the Division of Motor Vehicles. The discount must be applied for the three years following the successful completion of the course.
- The Alaska Division of InsuranceAlaska car insurance requirements
In Alaska, you need a minimum of 25/50/25 liability car insurance coverage. Ohio’s state minimum liability insurance costs an average of $831 annually or $69 monthly.
Minimum liability insurance requirements for Alaska:
- Bodily injury liability (BI): $50,000 per person, $100,000 per accident
- Property damage liability (PD): $25,000 per accident
Cheapest car insurance companies for minimum liability coverage in Alaska
According to Insurance.com data, Geico provides the cheapest state minimum liability insurance, averaging $249 annually or $21 monthly. USAA offers cheaper rates, but has eligibility criteria.
Below is the list of Alaska's most affordable car insurance companies with their state minimum coverage rates.
| Company | Liability insurance premium | Monthly liability insurance premium |
|---|---|---|
| USAA* | $249 | $21 |
| Allstate | $329 | $27 |
| Geico | $373 | $31 |
| State Farm | $376 | $31 |
| Western National Mutual | $387 | $32 |
| Progressive | $670 | $56 |
*USAA offers coverage only to military veterans and their family
Cheapest car insurance cost in Alaska by age
In Alaska, car insurance rates are higher for teenagers as they’re more prone to accidents.
Geico offers the cheapest car insurance for teen drivers in Alaska at $4,416 per year for a full coverage policy. If you are eligible, USAA offers full coverage at $3,660 per year on average.
Car insurance rates will decrease as teens age and keep a good driving record. Car insurance rates for adults 25+ and seniors 60+ are lower than those for teens and young adults.
In Alaska, Geico offers the cheapest full coverage car insurance for adult drivers at $1,275 per year unless you are eligible for USAA. Geico offers the cheapest full coverage car insurance for senior drivers as well at $1,120 per year.
Compare car insurance rates by age
Select your age group and age below to see the insurance company and its
average annual and average monthly premium rates.
| Western National Mutual | $5,327 | $444 |
| USAA | $5,441 | $453 |
| Geico | $5,999 | $500 |
| State Farm | $6,193 | $516 |
| Allstate | $7,115 | $593 |
| Progressive | $8,756 | $730 |
*USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies in Alaska by driver profile
Drivers with accidents or tickets are considered high-risk drivers and will pay higher car insurance rates. In Alaska, State Farm offers the cheapest car insurance rates for drivers with an accident, at $1,967 per year. USAA offers cheaper rates for drivers with an accident but has eligibility criteria. However, the severity and frequency of the incidents will impact how much insurance rates increase.
USAA is the cheapest car insurance company in Alaska for drivers with speeding tickets at $1,513 per year. However, it covers specifically the military community. State Farm is the cheapest option for most drivers at $1,819 per year.
Below are average Alaska rates by company for drivers with accidents and tickets on their driving record.
| Company | Clean record | Accident | Speeding ticket |
|---|---|---|---|
| USAA | $1,166 | $1,761 | $1,513 |
| State Farm | $1,713 | $1,967 | $1,819 |
| Western National Insurance | $1,984 | $1,984 | $1,984 |
| Geico | $1,338 | $2,136 | $2,457 |
| Allstate | $2,114 | $3,075 | $2,495 |
| Progressive | $1,742 | $3,373 | $2,586 |
*USAA offers car insurance only to military members, veterans, and their families.
Compare auto insurance rates by city in Alaska
Auto insurance rates in your city can differ significantly from the state average due to factors such as population density, increased instances of auto theft or accidents, and a few other factors. It's best to compare quotes from various insurance providers to find the most competitive rates for your specific city in Alaska.
Car insurance premium trends in Alaska
Car insurance average rates increase most years and various factors contribute to these changes, including shifts in economic conditions, changes in state laws, and the number and severity of insurance claims.
That's why it's important to keep track of car insurance premiums to make better decisions. The graph below shows how insurance rates in Alaska have increased or decreased from 2020 to 2023.
Whether you're planning to renew your policy with your current insurer or looking for a new one, this analysis is invaluable for making informed insurance choices.
Methodology
Insurance.com commissioned Quadrant Information Services in 2023 to field rates from major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving a 2023 Honda Accord LX with full coverage of 100/300/100 with comprehensive and collision; $500 deductible.
The car insurance rates for drivers with accidents and tickets are averaged based on rates for the following accidents and tickets:
Accidents:
- 1 at-fault property damage accident over $2k
- 1 at-fault property damage accident under $2k
- At-fault bodily injury accident
- Single vehicle accident
Tickets:
- Distracted driving ticket
- Speeding ticket 1- 10 MPH over limit
- Speeding ticket 11- 29 MPH over limit
- Talking on cellphone ticket
- Texting ticket
Insurance.com analyzed rates from more than 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 Alaska car insurance rates with other states
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