Renters insurance in Alaska: Cost, best companies and how to save

What is the average cost of renters insurance in Alaska?

The average renters insurance cost in Alaska is $233 per year. Rates vary based on factors such as location, coverage amount, deductible, and claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium	$233
Average monthly premium	$19

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Best renters insurance company in Alaska: Western National Mutual

Western National Mutual ranks as the best renters insurance company in Alaska, earning a top score among the carriers we surveyed. Its average rate is $151 per year.

Allstate and Country Financial are also among the top insurance companies for renters insurance in Alaska.

Rates differ widely between renters insurance providers, so it's best to shop around. It's also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in Alaska, we reviewed average rates, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

Below are the best renters insurance companies in Alaska.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
Western National Mutual	$151	A	0.13	5
Allstate	$122	A+	0.9	4.5
Country Financial	$176	A+	0.26	4.18
State Farm	$175	A++	0.95	3.07

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Cheapest renters insurance in Alaska

Allstate is the cheapest renters insurance company in Alaska, with an average annual premium of $122, based on our analysis.

Since renters insurance rates vary significantly from one provider to another, comparing quotes is the best way to find affordable coverage that fits your needs.

Below is the list of the cheapest renters insurance companies in Alaska and their average annual premiums.

Company name	Average annual premium
Allstate	$122
Western National Mutual	$151
State Farm	$175
Country Financial	$176
USAA	$336

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Average renters insurance rates in Alaska

Most & least expensive ZIP codes for renters insurance in Alaska

Most expensive
Least expensive

ZIP code	City	Highest rate
99567	Chugiak	$256
99540	Indian	$256
99587	Girdwood	$256
99566	Chitina	$254

ZIP code	City	Lowest rate
99811	Juneau	$206
99689	Yakutat	$206
99820	Angoon	$206
99801	Juneau	$206

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Alaska renters insurance: The least and most expensive ZIP codes

Your location in Alaska directly impacts the cost of renters insurance. The most expensive ZIP code in Alaska is 99587, with an average annual premium of $256. This amount is $23 more than higher than the state average.

On the other hand, 99689 is the least expensive ZIP code for renters insurance with an average annual premium of $206 a year.

Best home insurance companies in Texas

Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
99587	$256
99505	$254
99573	$254
99666	$236
99692	$235
99690	$233
99519	$231
99786	$228
99791	$226
99752	$225

ZIP code	Average annual rate
99689	$206
99922	$209
99701	$218
99740	$223
99752	$225
99704	$226
99727	$228
99519	$231
99742	$233
99545	$235

Renters insurance cost in Alaska by city

In Alaska, renters insurance rates vary across cities due to factors such as weather risks, crime rates, and other factors. To get the best deal in your city, Compare quotes from several insurers before selecting a policy, so they weigh each factor differently.

City	Annual insurance premium
Anchorage	$245
Bethel	$225
Fairbanks	$209
Juneau	$201
Ketchikan	$198
Sitka	$198
Wasilla	$242

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How to save on renters insurance in Alaska

There are several easy ways to lower the cost of renters insurance in Alaska without losing necessary coverage:

Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: Alaska renters insurance

Do I need renters insurance in Alaska?

Renters insurance isn't required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in Alaska?

You don't need any renters insurance by law, but when buying a policy you should ensure you have enough personal property coverage to cover all of your personal property at replacement cost.