Updated: November 14, 2024
Advertising & Editorial Disclosure
Progressive offers the cheapest car insurance for Alaskan drivers looking for minimum coverage. But depending on your driver profile and risk factors, State Farm, GEICO or USAA may be more affordable.
MoneyGeek's ranking of the best auto insurance providers in Alaska can help you find one that balances affordability and service.
CheapestCar InsuranceAlaskaTable of Contents
Why Trust MoneyGeek? We compiled the latest data from Quadrant Information Services and the Alaska Department of Insurance to identify the cheapest auto insurance in Alaska for different driver profiles.
These rates reflect the cheapest car insurance quotes in Alaska as of October 2024.
On average, the cheapest auto insurance providers in Alaska for a minimum coverage policy are:
With an average annual premium of $636, Allstate is Alaska's most expensive car insurance company for minimum coverage. Bodily injury liability and property damage liability are the only coverages offered in auto insurance policies that meet Alaska's minimum requirements.
| Progressive | $418 | $35 |
| State Farm | $465 | $39 |
| Umialik Insurance | $501 | $42 |
| GEICO | $514 | $43 |
| Allstate | $636 | $53 |
A minimum coverage policy covers only the costs associated with the harm or injury you cause others. Consider purchasing a full coverage policy that includes comprehensive and collision coverage if you want more extensive protection for your vehicle.
Find the Best Car Insurance in Alaska for You
The amount of coverage you need depends on your preferences and insurance requirements.
The table above lists the cheapest car insurance rates for Alaska's minimum coverage.
We also analyzed the best auto insurance companies in Alaska in terms of cost and service quality.
If you're interested in understanding how rates vary based on specific variables, we analyzed the average cost of auto insurance in Alaska for different categories of drivers.
The following providers offer the cheapest full coverage car insurance in Alaska:
Umialik Insurance has the most expensive full coverage auto insurance in Alaska, at $1,319 per year.
Adding comprehensive and collision insurance to your car insurance policy may increase your annual premium. For example, you'll pay $571 more for full coverage than minimum coverage with State Farm. Full coverage car insurance offers more financial protection in case of a claim. It protects you against off-road incidents and on-road accidents.
| State Farm | $1,036 | $86 |
| GEICO | $1,048 | $87 |
| Allstate | $1,189 | $99 |
| Progressive | $1,280 | $107 |
| Umialik Insurance | $1,319 | $110 |
The amount of car insurance you need will impact your rates. The following liability insurance limits are included in MoneyGeek's sample full coverage policy:
You can lower your premiums by reducing your liability limits, dropping comprehensive and collision coverage or increasing your deductible. However, this may leave you with inadequate coverage.
Most auto insurers offer online quotes. To compare insurance rates, you must submit your information on multiple websites, which can take up to 15 minutes per site and require personal details.
MoneyGeek offers a car insurance calculator to help you get a quick estimate. To begin, select your age, driving record and gender from the options below.
MoneyGeek's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Nov 20, 2024
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
GEICO is the cheapest provider for teens, young adults and seniors in Alaska.
The following companies offer the cheapest car insurance in Alaska for teens on a parent's policy:
These are the premiums for a 16-year-old insured under their parent’s insurance. Progressive is the most expensive option for teen drivers, charging average premiums of $4,137 for females and $4,547 for males.
Teen car insurance rates decrease as they age, leaving a significant difference between a 16-year-old's premium and a 19-year-old's. In Alaska, GEICO has the most affordable rates for male drivers aged 19 at $1,556 annually.
Typically, adding a teen to your coverage is less expensive than getting a separate policy for them. A 16-year-old male driver in Alaska may spend $5,004 a year if he purchases his own coverage compared with $3,074 if his parents include him on their policy. This is a difference of $1,930.
| GEICO | $1,975 | $3,630 |
| State Farm | $1,995 | $2,722 |
| Allstate | $2,569 | $2,746 |
| Progressive | $4,137 | $8,358 |
On average, car insurance rates for male teens tend to be significantly more expensive than for female teens due to their higher risk of accident frequency. This rate difference is not as notable when drivers reach their 20s and beyond. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute
Families with young drivers may qualify for rate discounts. Except for GEICO, which exclusively offers good student discounts, all Alaska auto insurance companies we evaluated provide good student discounts and discounts for distant students.
On average, these are the cheapest car insurance companies for Alaska drivers in their 20s:
With an average annual rate of $1,929, Umialik Insurance offers the most expensive auto insurance for young adults. In Alaska, drivers in their 20s pay around $257 more per year for auto insurance than middle-aged drivers.
| GEICO | $1,037 | $86 |
| State Farm | $1,230 | $102 |
| Allstate | $1,364 | $114 |
| Progressive | $1,596 | $133 |
| Umialik Insurance | $1,929 | $161 |
The following car insurance providers offer the cheapest rates for senior drivers in Alaska:
Allstate charges the most for car insurance for seniors, at around $1,467 annually. Senior drivers pay $1 less for auto insurance in Alaska than middle-aged drivers. However, rates usually increase when drivers reach their 70s and 80s.
| GEICO | $916 | $76 |
| State Farm | $952 | $79 |
| Umialik Insurance | $1,195 | $100 |
| Progressive | $1,348 | $112 |
| Allstate | $1,467 | $122 |
Senior drivers in Alaska are eligible for discounts from GEICO and Allstate. Comparing providers is the best way to find affordable coverage because age is only one of the numerous factors insurers consider when determining premiums.
State Farm is the most affordable insurer for drivers after a ticket, an accident or a DUI. Allstate offers the lowest rates for drivers with poor credit, and GEICO is the cheapest for insuring sports cars.
The following car insurance companies offer the cheapest full coverage policies to Alaska drivers with a speeding ticket:
Progressive has the most expensive auto insurance for drivers with a speeding ticket on their record, at $1,682 annually. After receiving a speeding ticket in Alaska, your auto insurance premium increases by an average of $190.
| State Farm | $1,168 | $97 |
| GEICO | $1,195 | $100 |
| Umialik Insurance | $1,319 | $110 |
| Allstate | $1,457 | $121 |
| Progressive | $1,682 | $140 |
In Alaska, the cheapest full coverage auto insurance companies for drivers with an at-fault accident on their driving record are:
Progressive has the most expensive premium for drivers with an at-fault accident, at an average annual rate of $1,837. Having an at-fault accident history in Alaska could increase your premium by around $360 per year.
| State Farm | $1,275 | $106 |
| Umialik Insurance | $1,319 | $110 |
| GEICO | $1,479 | $123 |
| Allstate | $1,760 | $147 |
| Progressive | $1,837 | $153 |
On average, the following companies offer the cheapest car insurance in Alaska for drivers with a DUI on their record:
GEICO is the most expensive auto insurance provider for drivers with a DUI, charging roughly $1,953 per year. In Alaska, a DUI usually results in an annual insurance rate increase of $377.
| State Farm | $1,168 | $97 |
| Umialik Insurance | $1,319 | $110 |
| Progressive | $1,564 | $130 |
| Allstate | $1,752 | $146 |
| GEICO | $1,953 | $163 |
The cheapest car insurance companies in Alaska for drivers with poor credit are:
Umialik Insurance's annual auto insurance premium is $2,062, the most expensive option for drivers with low credit in Alaska.
Your credit score impacts how much insurance companies charge you. If your credit score is below 580, you may be required to pay around $720 more for auto insurance in Alaska than someone with a credit score of at least 750.
| Allstate | $1,538 | $128 |
| Progressive | $1,838 | $153 |
| GEICO | $1,981 | $165 |
| State Farm | $2,052 | $171 |
| Umialik Insurance | $2,062 | $172 |
Some car insurers charge higher premiums to drivers with bad credit records because they're more likely to file claims. Although this isn't legal in all states, it's allowed in Alaska.
Reduce your insurance costs by improving your credit score, but you can also compare rates and search for providers that offerstandardn discounts to save money.
The following auto insurance providers in Alaska offer the lowest prices for drivers with sports cars:
Progressive has the most expensive auto insurance for drivers with sports cars, costing around $1,626 annually.
Sports car insurance is often (but not always) more expensive than insurance for a conventional car due to the higher maintenance and replacement costs associated with these cars. In Alaska, middle-aged drivers with sports cars pay $141 more for auto insurance than drivers of a Toyota Camry LE.
| GEICO | $892 | $74 |
| State Farm | $1,308 | $109 |
| Allstate | $1,436 | $120 |
| Progressive | $1,626 | $136 |
The make and type of a vehicle can significantly impact car insurance rates. For the quotes in this analysis, MoneyGeek used a Ford Mustang. Sports, luxury and electric cars typically have higher insurance rates than other vehicle types.
USAA has the cheapest auto insurance in Alaska for active-duty service members and veterans, with an annual average rate of $677. USAA has an exceptional track record for financial stability, customer satisfaction, affordability and consumer complaints. It offers unique coverage benefits and discounts for military personnel.
GEICO is the best auto insurance provider in Anchorage, AK, with the cheapest full coverage premium of around $1,296 per year.
| Anchorage | GEICO | $1,296 |
In Alaska, drivers are required to have auto insurance that fulfills the minimum state limits. In most states, including Alaska, this includes property damage and bodily injury coverage.
Unless you live in an area of Alaska where registration is not required, you need to purchase the minimum required insurance. This includes bodily injury and property damage liabilities. Although cheaper, these policies offer less protection.
In Alaska, drivers who commit significant traffic offenses must have SR-22 insurance. Your coverage requirements and costs may increase if you need an SR-22. MoneyGeek recommends purchasing as much liability coverage as you can afford to maximize your protection.
Bodily injury liability
In Alaska, drivers are obliged to have at least $50,000 per person and $100,000 per accident in bodily injury liability insurance. All medical expenses in excess of these limits are the responsibility of at-fault drivers in Alaska.
Property damage liability
You are liable for any additional expenses beyond the $25,000 cap if you cause an accident and have the minimum required insurance coverage. Property damage coverage can reimburse you for the cost of repairing another car or property.
MoneyGeek recommends getting liability insurance with minimum levels of $100,000 per injury and $300,000 per accident and increasing property damage coverage to $100,000. Comprehensive and collision insurance might be required if you financed the purchase of your car. Comprehensive insurance will cover the necessary repairs or replacements if your vehicle is damaged in an off-road accident.
Collision insurance will cover the repair or replacement of your vehicle if another vehicle, a pole or a tree damages it. We also recommend buying comprehensive and collision insurance if you own a valuable car.
The Alaska Automobile Insurance Plan (assigned risk pool) might insure high-risk drivers who don't qualify for coverage from conventional insurers. This plan distributes risk among many insurance providers registered in Alaska. For additional information, contact AIPSO at 800-227-4659.
In addition, there's an exception in Alaska. In locations where registration is unnecessary, insurance is not required. However, drivers must carry liability insurance if they've received a violation ticket with six or more points within the past five years. Furthermore, Alaska residents who don’t own a car can consider non-owner car insurance.
With so many insurers, choosing a car insurance policy can be tricky. Our answers to common questions about car insurance in Alaska can help.
For minimum coverage, Progressive offers the cheapest car insurance in Alaska. If you have a sports car or a driving violation, GEICO or State Farm may be better choices, respectively. The annual average cost of car insurance in Alaska is $1,135.
Progressive offers an affordable minimum coverage policy for those who prioritize cost. However, the cheapest option will vary based on your driving history and preferences. State Farm provides the best auto insurance in Alaska with its combination of affordable pricing and excellent customer service.
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.
