Progressive offers the cheapest auto insurance rates in Alaska at about $1,117 a year or $87 monthly, on average. If you’re eligible, you can get cheaper rates at USAA, where the average is $1,051 a year. Both are below the average Maryland car insurance rate of $1,325 a year.
Cheap isn’t everything, and an Insurance.com analysis of rates, complaints, and financial stability found Geico to be the best insurance company in Alaska.
Many factors go into your insurance premium. Insurance companies use your driving record, the type of car you drive, and the coverage you select to determine your rates.
Read on to compare Alaska insurance rates by company, age, and more.
Key takeaways
- Geico is the best car insurance company in Alaska overall, with below-average rates and a low complaint ratio.
- Progressive is the cheapest car insurance company for all residents in Alaska at $1,117 per year.
- State Farm has the cheapest car insurance rates for teen drivers in Alaska unless you are eligible for USAA.
Average cost of car insurance in Alaska
The average car insurance rate in Alaska is $1,325 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 $324.
Best car insurance companies in Alaska
Geico is the best car insurance company in Alaska, based on a 2023 analysis by Insurance.com, with an overall rating of 4.07. USAA is a close second, but only offers car insurance to military members, veterans and their families.
Below is a full list of the top Alaska insurance companies based on price, NAIC complaint ratio, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
| Insurance company | AM Best | Average annual rate | NAIC Complaint ratio | Insurance.com score |
|---|---|---|---|---|
| Geico | A++ | $ 1,136 | 0.77 | 4.07 |
| USAA* | A++ | $ 1,051 | 0.99 | 3.95 |
| State Farm | A++ | $ 1,224 | 0.52 | 3.92 |
| Progressive | A+ | $ 1,117 | 0.73 | 3.84 |
| Allstate | A+ | $ 2,107 | 0.95 | 2.29 |
USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies 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 in Alaska and put together a list of the cheapest car insurance companies. Based on a rate analysis by Insurance.com, USAA is the cheapest auto insurance company in Alaska, with average rates of $1,051 annually or $87 a month for full coverage, but isn’t available to everyone. Progressive is the cheapest company that is open to all drivers, with an average annual rate of $1,117 for full coverage in Alaska.
| Company | State minimum | 50/100/50 liability only | 100/300/100 liability with $500 comp/coll deductible |
|---|---|---|---|
| USAA | $ 219 | $ 296 | $ 1,051 |
| Progressive | $ 636 | $ 715 | $ 1,117 |
| Geico | $ 261 | $ 309 | $ 1,136 |
| State Farm | $ 279 | $ 358 | $ 1,224 |
| Western National Mutual | $ 355 | $ 466 | $ 1,517 |
| Allstate | $ 265 | $ 341 | $ 2,107 |
USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance cost in Alaska by age
In Alaska, car insurance rates are higher for teenagers as they’re more prone to accidents.
State Farm offers the cheapest car insurance for teen drivers in Alaska at $3,655 per year for a full coverage policy. If you are eligible, USAA offers full coverage at $3,238 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 $1,121 per year unless you are eligible for USAA. Geico offers the cheapest full coverage car insurance for senior drivers as well at $917 per year.
| Age (group) | Company Group | Avg. Annual Premium |
|---|---|---|
| Teens (16-19) | USAA | $ 3,238 |
| Teens (16-19) | State Farm | $ 3,655 |
| Teens (16-19) | Western National Mutual | $ 3,674 |
| Teens (16-19) | Geico | $ 3,820 |
| Teens (16-19) | Progressive | $ 5,503 |
| Teens (16-19) | Allstate | $ 5,664 |
| Young Adults (20-24) | Geico | $ 1,423 |
| Young Adults (20-24) | USAA | $ 1,567 |
| Young Adults (20-24) | Progressive | $ 1,903 |
| Young Adults (20-24) | State Farm | $ 2,089 |
| Young Adults (20-24) | Western National Mutual | $ 2,605 |
| Young Adults (20-24) | Allstate | $ 3,360 |
| Adults (25-55) | USAA | $ 1,062 |
| Adults (25-55) | Geico | $ 1,121 |
| Adults (25-55) | Progressive | $ 1,186 |
| Adults (25-55) | State Farm | $ 1,237 |
| Adults (25-55) | Western National Mutual | $ 1,541 |
| Adults (25-55) | Allstate | $ 2,006 |
| Seniors (60-75) | Geico | $ 917 |
| Seniors (60-75) | USAA | $ 1,032 |
| Seniors (60-75) | Progressive | $ 1,172 |
| Seniors (60-75) | State Farm | $ 1,188 |
| Seniors (60-75) | Western National Mutual | $ 1,455 |
| Seniors (60-75) | Allstate | $ 2,191 |
USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies in Alaska by driver profile
Drivers who have accidents or tickets are considered a higher risk and will pay higher car insurance rates.
However, the severity and frequency of the incidents will impact how much insurance rates increase. For instance, drivers with a single minor accident will see a smaller increase in their rates compared to those with multiple major accidents.
Below are average Alaska rates by company for drivers with accidents and tickets on their driving record.
| Company | Clean record | Accident | Ticket |
|---|---|---|---|
| USAA* | $ 1,011 | $ 1,513 | $ 1,324 |
| Progressive | $ 1,075 | $ 1,763 | $ 1,404 |
| Geico | $ 1,121 | $ 1,793 | $ 1,556 |
| State Farm | $ 1,262 | $ 1,480 | $ 1,328 |
| Allstate | $ 1,960 | $ 2,848 | $ 2,312 |
*USAA offers car insurance only to military members, veterans and their families.
Methodology
Insurance.com commissioned Quadrant Information Services in 2022 to field rates from up to six major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving 2021 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.
