Allstate is the best homeowners insurance company in Alaska, based on an analysis by Insurance.com. Its overall rating is 3, and it has earned 829 scores out of 1000 from J.D. Power.
Whereas Chubb received 801 scores out of 1000 from J.D. Power. Besides, A.M Best rated it A++, which is the second-highest rating they offer.
With so many options out there, it is not easy to choose a homeowners insurance company in Alaska. You need a reliable company that will provide you with quality service at an affordable price. If this is what you're looking for, then keep on reading this guide.
- The average cost of homeowners insurance in Alaska is $1,799 a year or $150 a month.
- The cheapest homeowners insurance company in Alaska is Umialik. It offers home insurance at an average of $1,260 a year.
- You can save an average of $602 a year if you bundle your home and auto insurance policies from Allstate.
- Best home insurance companies in Alaska
- Compare best homeowners insurance companies in Alaska
- Average cost of homeowners insurance in Alaska
- 10 Most expensive zip codes in Alaska for homeowners insurance
- 10 Least expensive zip codes in Alaska for homeowners insurance
- Cheap homeowners insurance in Alaska
- Home-auto discount bundle in Alaska
Best home insurance companies in Alaska
If you're looking for the best homeowners insurance company in Alaska, we've got you covered. We've compiled a list of some of the top-rated insurers in the state and compared their rates, their customer satisfaction rating, J.D. Power score, claims handling and AM Best rating to help make your decision easier. Here is the list of best home insurance companies in Alaska:
- Allstate
- Chubb
- Hartford
- State Farm
Compare best homeowners insurance companies in Alaska
The best way to find the right homeowners insurance policy in Alaska is by getting quotes from multiple carriers. You should compare the rates and coverage options and see if they offer good customer service before deciding on the insurance company.
We have compared the homeowners insurance policies from different companies in Alaska using the scores from J.D. Power and ratings from A.M Best. Below are the best home insurance companies, along with their overall ratings.
| Company | Overall rating | J.D. Power score | AM Best rating |
|---|---|---|---|
| Allstate | 3 | 829 | A+ |
| Chubb | 3 | 801 | A++ |
| Hartford | 3 | 798 | A+ |
| State Farm | 2 | 835 | A++ |
Average cost of homeowners insurance in Alaska
The average cost of homeowners insurance in Alaska is $1,799 a year or $150 a month. However, the average annual premium varies by the insurance company, your ZIP code, coverage type, your home's age, among other factors. It’s a good idea to compare price quotes from different Alaska homeowners insurance companies to get the best deal.
| Average annual premium | Average monthly premium |
|---|---|
| $1,799 | $150 |
10 Most expensive zip codes in Alaska for homeowners insurance
The home insurance rate you pay depends a lot on where your property is located. It means that rates vary depending upon the ZIP code, with some areas having considerably higher rates than others for home insurance.
We have compared quotes from all the major home insurance companies in Alaska for nearly all the ZIP codes. Alaska homeowners insurance rates are the most expensive for ZIP code 99738. Its average annual cost is $1,586.
Find below the average home insurance rate for other ZIP codes-
| ZIP code | Average annual rate |
|---|---|
| 99738 | $1,586 |
| 99681 | $1,532 |
| 99630 | $1,513 |
| 99555 | $1,508 |
| 99575 | $1,507 |
| 99580 | $1,505 |
| 99731 | $1,494 |
| 99730 | $1,493 |
| 99723 | $1,490 |
| 99569 | $1,489 |
10 Least expensive zip codes in Alaska for homeowners insurance
Insurance companies use different factors to determine your home insurance rate, one of them is the place where you live. That's why prices vary greatly based on the ZIP code for any given area.
Some ZIP codes in Alaska have relatively lower home insurance costs than others. The least expensive ZIP code for home insurance in Alaska is 99821; its average rate is $958 a year --- $841 less than the state average ($1,799).
Below is a list of the least expensive ZIP codes for homeowners insurance-
| ZIP code | Average annual rate |
|---|---|
| 99821 | $958 |
| 99801 | $965 |
| 99824 | $966 |
| 99835 | $975 |
| 99840 | $990 |
| 99827 | $1,001 |
| 99833 | $1,017 |
| 99829 | $1,023 |
| 99516 | $1,036 |
| 99901 | $1,048 |
Cheap homeowners insurance in Alaska
Based on Insurance.com's rate analysis, the cheapest homeowners insurance company in Alaska is Umialik. It offers home insurance at an average of $1,260 a year.
Insurance providers use different methods when deciding on your average annual premium; as a result, prices vary significantly between carriers. Therefore, get at least three price quotes when you shop for coverage, suggests Insurance.com's former Senior Consumer Analyst Penny Gusner.
Following is a list of cheapest home insurance companies along with their average annual premiums-
| Company name | Average annual premium |
|---|---|
| Umialik | $1,260 |
| Country Mut | $1,291 |
| Safeco | $1,324 |
| USAA | $1,505 |
| Allstate | $2,076 |
| Safeco | $2,325 |
| State Farm | $2,521 |
Home-auto discount bundle in Alaska
Most insurance companies offer discounts to those who bundle their car and home insurance policies. A home and auto bundle can save you an average of $320 a year or 20%, based on an analysis by Insurance.com.
You can save an average of $602 a year if you bundle your home and auto insurance policies from Allstate, the highest among the carriers surveyed.
Below we provide a list of top insurance companies in Alaska that offer a discount on home and auto bundles.
| Company | $ Bundle average saving | % Bundle average saving |
|---|---|---|
| Allstate | $602 | 29% |
| State Farm | $485 | 34% |
| Country Mut | $279 | 21% |
| Umialik | $122 | 9% |
| USAA | $113 | 9% |
