Updated: November 18, 2024
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MoneyGeek considers State Farm the best car insurance provider in Alaska. For minimum coverage requirements, State Farm again leads. Families with teen drivers should will be served well with GEICO.
MoneyGeek also analyzed the cheapest car insurance in Alaska if cost is your primary consideration, regardless of service quality.
Best Car InsuranceAlaskaBest Car Insurance in Alaska
State Farm stands as the top car insurance provider in Alaska, boasting a MoneyGeek score of 91 out of 100. With scores ranging from 90 to 70 among ranked companies, this distinction indicates State Farm's leading position within MoneyGeek's baseline scoring system. It's crucial to understand that individual MoneyGeek scores may vary for different driver profiles, even though these scores provide a benchmark for overall performance.
Why Trust MoneyGeek? We created an insurance scoring system for providers in Alaska based on customer satisfaction, claims experience, essential coverages, affordability and financial stability using six independent sources.
These recommendations were updated in March 2024 to reflect the current best car insurance options in Alaska.
| State Farm | 91 | $1,036 |
| GEICO | 85 | $1,009 |
| Allstate | 79 | $994 |
| Progressive | 70 | $1,343 |
| Umialik Insurance | No Data | $1,119 |
State Farm is the best option in Alaska for the best full coverage car insurance.
State Farm distinguishes itself mainly through a high customer satisfaction score and solid claims handling, reflecting a well-rounded and satisfactory service experience for policyholders. It offers premium coverage that factors into an impressive overall score by MoneyGeek's comprehensive ranking system.
In Alaska, consumers can find a range of insurers offering varying levels of cost and service experiences. For those aiming to economize, MoneyGeek has also investigated the companies that provide the cheapest full coverage car insurance in Alaska, enabling drivers to find suitable coverage that aligns with their budgets.
Ranks 2nd for general customer satisfaction.
Ranks 1st for claims handling.
Offers Roadside Assistance and Rental Car/Travel Reimbursement.
Ranks 3rd for affordability, with a premium of $1,036 annually.
Does not offer OEM coverage or Gap Insurance.
State Farm's impressive MoneyGeek score is largely due to its top marks in claims handling and satisfaction, assuring a great customer experience. The company provides Roadside Assistance and Rental Car and/or Travel Reimbursement, which are key benefits for drivers.
State Farm's Roadside Assistance protects in moments of vehicle trouble, covering emergency services like towing and tire changes. The Rental Car and/or Travel Reimbursement is a financial safety net, covering alternative transportation costs during car repairs. These coverages safeguard against common roadside predicaments and travel interruptions, illustrating State Farm's commitment to comprehensive client care.
State Farm's individual MoneyGeek scores are satisfaction (30 out of 35), illustrating customer contentment with its services; affordability (28 out of 30), highlighting accessibilty of its offerings; claims handling (20 out of 20), indicating excellence in addressing claims; and coverage (8 out of 10), demonstrating a strong range of protection options for policyholders.
State Farm is the best option in Alaska for car insurance with outstanding customer service.
State Farm distinguishes itself primarily through its high satisfaction and claims handling scores, which lead to a robust overall MoneyGeek score of 89. Not only does it offer excellent service, but it also provides these at a more affordable cost than its nearest competitor, Progressive.
In Alaska, customer satisfaction and claims experiences with car insurance companies vary accordingly. A car insurance company delivering stellar customer service ensures that clients feel valued and supported, particularly when they need to understand their policies or face stressful situations requiring claims. Adept handling of claims also reflects a company's efficiency and commitment to its customers' well-being, significantly affecting their peace of mind and trust in the insurer. These factors are the foundation of a positive insurance experience and contribute substantially to customer retention and company reputation.
Ranks 2nd for general customer satisfaction.
Ranks 1st for claims handling.
Offers Roadside Assistance and Rental Car/Travel Reimbursement.
Does not offer OEM coverage or Gap Insurance.
State Farm excels in satisfaction and claims handling, driving its high MoneyGeek score. The insurer provides the two most common car insurance coverages: Roadside Assistance and Rental Car and/or Travel Reimbursement. Roadside Assistance can be a lifeline in the event of a vehicle breakdown, offering services such as towing or battery jump-start. Rental Car and/or Travel Reimbursement is a financial safety net when your car is unavailable, covering rental costs.
State Farm has satisfaction score of 38 (out of 45), emphasizing customer contentment. Its claims handling score is perfect at 30, reflecting a seamless claims process. The coverage score of 16 out of 20 also contributes to its overall robust performance, ensuring customers have substantial protection for a range of eventualities, despite some coverage gaps.
State Farm is the best option in Alaska for drivers seeking the most affordable car insurance for minimum coverage. This company has outshined its competitors with a notable MoneyGeek score:
State Farm stands out primarily due to its exceptional scores in customer satisfaction and claims handling. Additionally, it offers the most competitive annual cost for a policy that meets the minimum insurance required by law in Alaska, positioning it as the leader for value-conscious Alaskan drivers.
While many insurance providers may offer cheap rates for the minimum required coverage, opting for the least expensive plan could be shortsighted. These basic policies typically cover only a fraction of the costs that can arise from an accident, potentially exposing drivers to significant out-of-pocket expenses. Weigh the risks and ensure that your insurance adequately protects your assets and financial well-being.
Offers rare discounts like for new vehicles and being a senior driver.
Ranks 2nd for customer satisfaction.
Ranks 1st for claims handling.
Ranked 3rd for cost; average annual premium is $465 for minimum coverage.
State Farm leads with exceptional affordability and claims handling scores, the key contributors to its high MoneyGeek Score of 81. It has an average annual premium of just $465. Customers benefit from reasonably common discounts like Airbag and Anti-Theft System features, enhancing both safety and savings.
State Farm showcases a wide range of discounts including Bundling, Good Student, Multiple Car and Safe Driving. This breadth of discounts reflects a commitment to cater to diverse customer needs. Notably, the company provides a New Vehicle discount for modern cars, a boon for those driving recent models keen on reducing premiums. Its Senior Driver discount underscores State Farm's outreach toward the mature audience, rewarding their experience with more favorable rates.
State Farm exemplifies financial prudence with an affordability score of 35 (out of 40). Also noteworthy are its perfect claims handling score of 20 (out of 20) and stability score of 5 (out of 5), reinforcing the insurer's reliability and customer satisfaction.
Driver age is a significant determinant of car insurance rates in Alaska due to variations in risk, cost and coverage options. MoneyGeek found that GEICO, with a MoneyGeek score of 88, is the prime choice for teens, offering an optimal blend of price and service at an annual premium of $1,400. For young adults, State Farm takes the lead with an 86 MoneyGeek score and an annual cost of $1,230. Seniors also find their best option in State Farm, scoring 91 from MoneyGeek and providing insurance at just $952 yearly. Each carrier excels by catering to the unique needs of these distinct age groups.
Best for teens: GEICO
Best for seniors: State Farm
Best for young adults: State Farm
GEICO is the best option in Alaska for car insurance for teens, securing the top spot with its impressive scores.
GEICO leads due to its high marks in customer satisfaction and affordability — two important factors for families seeking value without compromising service quality. With an annual premium of $1,400 for insuring a teen, GEICO stands out as a financially sound choice for Alaska residents. Adding a teen to a family car insurance policy in Alaska is often substantially more affordable than procuring an independent policy for a young driver.
In Alaska, as in other states, adding a teen to a car insurance policy can be expensive due to their lack of driving experience and higher risk profile, leading to a greater likelihood of accidents and claims. This risk is mitigated when teens are added to a family policy, as the more experienced drivers in the household help balance the overall risk, resulting in lower premiums compared to a teen holding an individual policy.
Offers Good Student and Driver's Education discounts.
Ranks 2nd for customer satisfaction.
Ranks 2nd for claims handling.
Ranks 1st for affordability; average annual premium is $1,400 for full coverage.
Lacks Distant Student discount.
GEICO stands out with high rankings in satisfaction and affordability, scoring 33 (out of 35) and 30 (out of 30) respectively, making these elements the most significant contributors to its impressive 88 MoneyGeek Score. The company caters well to families with teens, offering the Good Student discount, which rewards full-time students with good academic records, and a discount for completing a Driver's Education course. These sought-after discounts underline GEICO's commitment to affordability and service, even without the Distant Student discount.
GEICO's Mechanical Breakdown Insurance (MBI) is a rare coverage that provides protection beyond a standard warranty; this covers repairs to all mechanical parts of the car, giving customers an economical alternative to costly dealer warranties. With Accident Forgiveness, policyholders can benefit from stability in their insurance rates, even after their first at-fault accident — an exceptionally valuable feature for drivers looking to safeguard their budget against potential surges in premiums after minor mishaps.
State Farm is the best option in Alaska for senior drivers seeking quality car insurance. Based on comprehensive scoring, the two top providers are:
State Farm stands out with its high MoneyGeek scores, particularly in claims handling and customer satisfaction. It's not just its overall score that makes it a leader but its commitment to a smooth claims process and keeping customers happy. Although cheap car insurance for a senior in Alaska can be found, premiums are typically slightly higher compared with those in younger age brackets.
It's a common misconception that car insurance for seniors is always more expensive. MoneyGeek's rates are based on seniors in their 60s. Rates for those in their 70s and 80s might be higher, reflecting the increased risk associated with aging. However, this does not necessarily indicate that senior drivers cannot find rates comparable to those offered to middle-aged adults, especially in Alaska and other states where various factors can affect premiums.
Offers Roadside Assistance and Rental Car/Travel Reimbursement.
Ranks 2nd for customer satisfaction.
Ranks 1st for claims handling.
Ranks 2nd for affordability, with an average annual premium of $952 for full coverage.
State Farm's impressive MoneyGeek Score is propelled largely by high satisfaction (29 out of 35) and perfect claims handling (20 out of 20). This insurer offers important coverages like Roadside Assistance and Rental Car and/or Travel Reimbursement, practical for those requiring aid after an accident. Despite lacking a broad range of rare coverages, State Farm's affordability and service excellence compensate. The average annual premium stands at $952. Its discounts include the reasonably rare Senior Driver discount, helping seniors to manage costs effectively.
Among State Farm’s common coverages, Roadside Assistance provides services such as towing, fuel delivery and locksmith labor, ensuring immediate help in unforeseen events. The Rental Car and/or Travel Reimbursement coverage is also a boon for seniors, covering rental car expenses or travel costs when the vehicle is unusable due to a covered claim, thus minimizing disruption to their routines. These features, combined with its superb handling of claims and customer contentment, make State Farm a top choice for comprehensive, reliable auto insurance.
State Farm is the best option in Alaska for car insurance for young adults, providing comprehensive coverage at competitive rates.
State Farm stands out with its excellent balance of customer satisfaction, affordability and claims handling, especially for drivers in their 20s. With the highest individual scores for customer satisfaction and claims handling, it's the go-to insurer for many young drivers in Alaska. Despite offering the best coverage, the annual cost for a young adult's policy at State Farm is $1,230, which underscores that for cheap car insurance for a young adult in Alaska, one may still pay a premium over rates for more experienced drivers.
Insurance for young adults in Alaska and other states is typically more expensive due to the increased risk associated with younger, less experienced drivers. Insurers statistically factor in the higher chances of accidents among this demographic, which results in higher premiums.
Ranks 2nd for customer satisfaction.
Ranks 1st for claims handling.
Offers Good Student, Distant Student and Driver's Education discounts.
Ranks 3rd for affordability, with an average annual premium of $1,230.
State Farm excels in satisfaction and claims handling. It offers a Good Student discount, as well as other young driver-related discounts like Distant Student and Driver's Education.
State Farm also offers other valuable coverages. With Roadside Assistance, drivers get the peace of mind knowing help is just a call away for small mechanical issues and even towing. Rental Car and/or Travel Reimbursement coverage ensures that being without a vehicle doesn’t mean being stranded without transportation, covering rental expenses while your car is repaired.
Beyond these common coverages, State Farm stands out with a high satisfaction score (30 out of 35), highlighting its commitment to customer service. Its claims handling score is also perfect (20 out of 20), proving reliable and efficient support in stressful post-accident situations. Together with a strong coverage Score (8 out of 10), these scores form the cornerstone of its impressive MoneyGeek score.
State Farm is the best option in Alaska for drivers with offenses on their record, offering the most comprehensive coverage at competitive rates.
State Farm stands out for its exceptional blend of affordability, customer satisfaction and claims handling, specifically tailored for drivers with speeding tickets, at-fault accidents and DUIs. It offers an annual premium of $1,204 for drivers with offenses, indicating that securing cheap car insurance as a high-risk driver in Alaska typically costs more than standard rates.
Insurance premiums in Alaska and across other states rise following traffic violations due to the increased risk drivers represent to insurers. An offense such as a ticket, at-fault accident, or DUI suggests a higher probability of future claims, leading companies to compensate by charging more for coverage.
Ranks well for customer satisfaction.
Ranks well for claims handling.
Ranks 2nd for cost; average annual premium $1,204 for full coverage with offenses.
Offers Roadside Assistance and Rental Car/Travel Reimbursement.
Lacks some rare coverages useful for those with a poor record.
State Farm leads the pack with exceptional scores in claims handling (20 out of 20) and customer satisfaction (30 out of 35). It includes the essential coverages of Roadside Assistance and Rental Car and/or Travel Reimbursement, which are highly valuable for drivers with a spotty record. With an Annual Premium of $1,204 and an affordability score of 27 (out of 30), State Farm presents an accessible option for the high-risk driver demographic, which generally faces steeper rates.
State Farm's Roadside Assistance covers mechanical labor, towing, delivery of gas, a dead battery and more, providing a safety net for those unexpected roadside hiccups. Rental Car and/or Travel Reimbursement is a financial cushion in case of a vehicle’s downtime due to repairs. These coverages can make a significant difference for drivers with prior incidents, offering peace of mind and support when it matters most. In addition to these protections, State Farm’s suite of reasonably common and rare discounts include options such as Airbag, Anti-theft system and New Vehicle discounts, allowing for a economically tailored insurance experience that recognizes safe driving and safe vehicle features.
Allstate is the best option in Alaska for new drivers seeking car insurance, with a MoneyGeek score of 100 out of 100 ($1,557 per year).
Allstate stands out for new drivers because of coverages such as New Car Replacement and Better Car Replacement, which are crucial for those with newer vehicles. The perfect MoneyGeek score that Allstate garnered reaffirms its excellence in customer satisfaction, affordability, claims handling, coverage options and financial stability. With an annual cost of $1,557, choosing an insurer like Allstate that provides New or Better Car Replacement could result in financial savings in the event of an accident, despite potentially higher premiums because it protects against the loss in value a car faces over time through depreciation.
Ranks 1st for customer satisfaction.
Ranks 1st for claims handling.
Rnaks 1st for affordability; average annual premium is $1,557 for full coverage.
Offers New Car Replacement coverage.
Does not offer OEM Coverage or Accident Forgiveness.
Allstate stands out with perfect MoneyGeek scores in both satisfaction (35 out of 35) and coverage (10 out of 10), highlighting why it takes the lead among its competitors. Offering New Car Replacement, Allstate ensures that drivers with newer vehicles get a comparable car in the event of a total loss, though this beneficial feature is an optional add-on. The company’s average annual premium is $1,557.
Among its array of coverage options, Allstate’s New Car Replacement stands out for drivers with newer vehicles, replacing a totaled car with a brand-new one of the same model if it's two years old or less, safeguarding your investment beyond the depreciated value. This is complemented by common coverages like Roadside Assistance and Rental Car Reimbursement, as well as reasonably common options like Accident Forgiveness, showing that Allstate caters to a breadth of consumer needs. Allstate also offers rare coverages like Custom Parts Coverage and Portable Electronics and Media Coverage, ensuring tailored protection for a variety of unique assets and scenarios.
USAA is the best option in Alaska for car insurance for military personnel, with the highest MoneyGeek score.
USAA is a good option for those with a military background. It stands out due to its exceptional overall performance across various metrics, especially in customer satisfaction and affordability. The company caters exclusively to current and former military members and their families, which is reflected in its tailored service and competitive annual cost of $611. For those focused on rates, exploring the cheapest car insurance in Alaska for military drivers may also be beneficial.
Ranks 1st in state for cost; average annual premium $611 for full coverage.
Offers Accident Forgiveness and Roadside Assistance.
Does not offer Rental Car and/or Travel Reimbursement or Gap Insurance.
USAA stands out with exceptional affordability and satisfaction, making it the top choice with a high MoneyGeek Score. Exclusively serving military families, USAA not only offers competitive rates but also tailors its services to those who have served, whether active-duty or retired. The company’s average annual premium is approximately $611.
USAA provides valuable coverages for drivers, including Roadside Assistance, which offers crucial support in case of vehicle troubles like lock-outs or dead batteries. Additionally, with Rental Car and/or Travel Reimbursement, customers enjoy the convenience of a rental car while theirs is being serviced due to an insured loss. For those who prioritize long-term investments, Accident Forgiveness, rewards safe driving: after five years without any accidents, your premiums remain unaffected by your first at-fault accident.
USAA scores high in satisfaction (28 out of 35) and affordability (30 out of 30), underlining its commitment to customer contentment and cost efficiency. Its claims handling score (18 out of 20) further reflects a reliable and swift response when policyholders need it most. With a coverage score of 8 (out of 10), USAA demonstrates a robust range of options for personalized protection.
In navigating the Alaskan auto insurance market, discerning drivers seek a blended trifecta of affordability, financial dependability and exemplary service — qualities that only the finest insurers embody. MoneyGeek has thoroughly evaluated various providers to simplify your selection process. While our findings are extensive, conducting personal research is advisable; typically, this entails following a strategic methodology to tailor coverage to your specific needs and assurances.
In Alaska's challenging driving conditions, exceptional customer service is crucial for car insurance. To ensure you're choosing a provider with a strong service record, consult independent data from JD Power and the NAIC. State Farm stands out in Alaska, per MoneyGeek's research, with an impressive customer satisfaction score of 38 (out of 45) and a perfect claims handling score of 30 (out of 30).
Alaskans can save significantly by comparing car insurance quotes, balancing cost against service quality. Conduct thorough personal research to identify the most affordable options tailored to your unique profile. MoneyGeek's analysis identifies State Farm as the most cost-effective for minimum coverage in Alaska, offering an annual premium of just $465.
Choosing the right coverages is essential for comprehensive protection on Alaskan roads. Investigate which insurers offer the coverages that best align with your needs. According to MoneyGeek, both Allstate and Progressive received a perfect coverage score of 10, indicating they provide all four key coverages: Rental Car and/or Travel Reimbursement, Roadside Assistance, Gap Insurance, and OEM coverage.
Selecting an insurer with a strong financial stability rating is vital to ensure your claims are paid without issue. Research the financial strength of insurers to safeguard your coverage. MoneyGeek awards State Farm and GEICO the highest stability score of 5 (out of 5), reflecting their A++ rating from A.M. Best and underscoring their exceptional financial reliability.
Why Trust MoneyGeek? We created an insurance scoring system for providers in Alaska based on customer satisfaction, claims experience, essential coverages, affordability and financial stability using six independent sources.
These recommendations were updated in March 2024 to reflect the current best car insurance options in Alaska.
The best car insurance options for you largely depend on your specific needs and preferences. We’ve answered some of the most common questions to help you make the right purchase.
State Farm has been determined to be the best car insurance in Alaska overall, with a MoneyGeek score of 91. The company boasts an annual premium of $1,036. The two biggest factors contributing to its score are Claims Handling and Satisfaction, with perfect scores of 20 out of 20 and 30 out of 35, respectively.
State Farm is the top pick for the best for cheap car insurance in Alaska, featuring an annual premium for minimum coverage at $465 and an overall MoneyGeek score of 81. While minimum coverage policies are the most affordable, they offer less protection than full coverage policies. Consumers can find cheap full coverage options by comparing quotes from different insurers.
How does MoneyGeek score companies?
The overall MoneyGeek scores prioritize elements such as non-claims customer satisfaction and affordability, reflecting the essentials consumers value most. Claims experience and offered coverages also carry significant weight in the evaluation process, ensuring that these metrics comprehensively influence the final score. When considering insurance, the balance of these factors encapsulates the essentials for a satisfactory customer experience.
Certain insurers in specific states did not receive a MoneyGeek score due to incomplete data across all five scoring components. Umialik Insurance, for instance, while not having a complete score, has been noted for excelling in customer satisfaction. These ratings indicate proficiency in particular areas, despite the absence of a holistic score.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
