Best Car Insurance Companies in Anchorage, AK

GEICO is your best bet if you want the top-performing insurer or the cheapest policy. Young adults and senior drivers will likely find a great deal with this insurer. State Farm is our top pick if you highly value customer service. It’s also the most ideal choice for teens and drivers with offenses. We selected Allstate for drivers with newer cars.

Assess your needs and driver background so you can pick the best carrier for you. If affordability is a top priority, MoneyGeek outlined the cheapest car insurance providers in Anchorage.

In Anchorage, the top two best car insurance auto insurance companies are:

• GEICO: MoneyGeek score 75 out of 100 ($837 per year)
• State Farm: MoneyGeek score 74 out of 100 ($859 per year)

GEICO’s highest scores were for affordability and satisfaction, showing it offers an excellent balance of these critical factors. USAA received a MoneyGeek score of 85 out of 100, making it a top company for drivers with a military background.

If you’re looking for the top auto insurance option in Alaska, State Farm outshines the competition for the general population, while USAA is best for military families.

GEICO is MoneyGeek’s top pick in Anchorage out of five insurers because it balances affordable premiums with stellar customer satisfaction. State Farm is our runner-up and earned the highest scores in service quality but fell short in affordability since it offers policies that are $22 more expensive than GEICO.

The rates listed are for a full coverage policy. We only included auto insurance companies in our rankings if there was enough data available to score financial stability, affordability and customer service.

Independently of cost, the top-performing auto insurance providers for customer satisfaction are:

• State Farm: MoneyGeek score 58 out of 100 ($859 per year)
• GEICO: MoneyGeek score 57 out of 100 ($837 per year)

State Farm is an exceptional provider in this category because it received the highest marks in customer service and has an average rating in coverages. It also scored well in affordability, so you don’t sacrifice cost for service.

An auto insurance carrier with outstanding customer service should provide the assistance you need when you file a claim or have a concern. State Farm earned the top spot due to its service quality ratings from J.D. Power combined with available coverage options. While Progressive has noticeably more coverage options and the highest claims management rating, it provides the most expensive premiums in Anchorage.

We examined car insurance companies based on their affordability and customer service for a minimum coverage policy. The best insurers for baseline coverage in Alaska:

• GEICO: MoneyGeek score 78 out of 100 ($442 per year)
• State Farm: MoneyGeek score 76 out of 100 ($454 per year)

Minimum car insurance requirements in Alaska apply to all cities in the state. These policies are budget-friendly but may not provide adequate coverage since they don’t offer financial protection for damages to your vehicle.

Choosing the most affordable insurer may not always guarantee the best customer experience. However, with a top-performing auto insurance company, you can have the best of both worlds. GEICO checks both of these boxes, making it a clear winner in this category. Allstate is the second-cheapest option but has better customer service ratings than GEICO.

Young drivers in Anchorage will most likely find the best auto insurance rates from:

• GEICO: MoneyGeek score 75 out of 100 ($830 per year)
• State Farm: MoneyGeek score 69 out of 100 ($1,008 per year)

GEICO charges the most affordable average monthly premiums paired with top-notch service quality, so you can get an amazing deal. We researched the best car insurance for young adult drivers to help you pick the most ideal options available.

For young drivers in their 20s, it's important to find a provider that offers affordable premiums, excellent service quality and multiple opportunities to save. GEICO hits each of these criteria. Our runner-up, State Farm, earned higher ratings in customer satisfaction and offers a distant student discount but has pricier rates that cost $178 more.

In Anchorage, the top car insurance carriers for a 16-year-old male included in a family policy are:

• State Farm: MoneyGeek score 76 out of 100 ($3,085 per year)
• GEICO: MoneyGeek score 74 out of 100 ($2,396 per year)

Of the four providers in our study, State Farm offered the second most affordable option and scored the highest in customer satisfaction, making it the best car insurance for teen drivers.

Auto insurance premiums for teenage drivers typically cost more. Teens can save on premiums by joining their family’s existing policy. A male teen purchasing a separate policy in Anchorage costs $1,930 more, which is a 39% increase.

Teen drivers searching for auto insurance policies should prioritize companies that offer affordable quotes, high-quality service and useful perks for teens, such as driver’s education discounts and accident forgiveness. State Farm is our top pick because it offers all of these benefits. GEICO has the most affordable rates but received a lower score in customer satisfaction.

Senior drivers in Anchorage can get the best auto insurance policies with the following companies:

• GEICO: MoneyGeek score 75 out of 100 ($742 per year)
• State Farm: MoneyGeek score 73 out of 100 ($793 per year)

GEICO scored well in affordability and service quality, making it the best car insurance for seniors in Anchorage. Drivers in their 60s tend to pay the same rates as their counterparts between 30 and 50 years old, but drivers in their 70s are usually charged more expensive rates due to their increased risk on the road.

Seniors are generally regarded as safe drivers and may benefit from cheap auto insurance quotes. We encourage you to choose providers that have cheap premiums and personal injury protection (PIP) to cover medical costs in case of an accident.

GEICO is an excellent option since it offers senior-specific discounts, affordable rates and several add-on options. While State Farm received higher marks in customer service, its premiums are slightly pricier than GEICO’s rates.

Those with a driving offense on their record can get the best policies from:

• State Farm: MoneyGeek score 76 out of 100 ($972 per year)
• Progressive: MoneyGeek score 49 out of 100 ($1,504 per year)

State Farm provides the cheapest rates and best customer service. Premiums usually increase based on the severity of the offense. Compared to an Anchorage driver with a clean record, those with a DUI or speeding ticket pays $322 and $170 more, respectively.

You can still purchase the best car insurance companies for drivers with poor records and save on your bills.

For drivers with a bad driving history, an ideal auto insurance provider should provide relatively low quotes, handy discounts and useful coverage options, specifically accident forgiveness and roadside assistance.

As our top pick, State Farm meets most of the criteria for an exceptional car insurance company in Anchorage. Progressive is another great pick since it offers more add-on coverages but has more expensive rates than State Farm.

In Anchorage, Allstate is the only top provider that offers new car replacement coverage, garnering a MoneyGeek score of 73 out of 100. Allstate delivers above-average customer satisfaction, and a full coverage policy costs roughly $1,654 per year.

We ranked insurers in Anchorage based on cost and customer scores for drivers with a 2022 car model. Only providers with better or new car replacement coverage made the cut since these are among the most important add-ons for drivers with a new car. Allstate not only offers relatively cheap rates but delivers multiple supplementary coverage options.

Evaluate your specific needs and driver profile to determine the best provider in Anchorage. We answer some of the most commonly asked questions to help you pick a suitable carrier.