Updated: November 29, 2024
Advertising & Editorial Disclosure
In Anchorage, Alaska, State Farm is both the overall best and cheapest choice for home insurance. If customer service is your priority, State Farm is also the best.
Choosing the best cheap home insurance depends on your individual needs and preferences, such as budget, service quality and coverage requirements.
Best HomeInsuranceAnchorage, AKTable of Contents
Why Trust MoneyGeek? We used data and rates from the Alaska Department of Insurance and Quadrant Information Services to select the top homeowners insurance options in Anchorage.
Home insurance premiums in Anchorage represent the latest available quotes as of September 2024.
MoneyGeek found that State Farm is the best option in Anchorage, Alaska, with a MoneyGeek score of 100 out of 100 for 100K dwelling coverage.
The scores for home insurance companies in Anchorage range from 40 to 100. These figures reflect MoneyGeek’s scoring system, and insurers may receive different scores based on credit history and the age of your home.
| State Farm | 100 | $437 |
| COUNTRY Financial | 78 | $515 |
| Umialik Insurance | 73 | $473 |
| Allstate | 40 | $846 |
MoneyGeek found that State Farm is the best option for home insurance in Anchorage, Alaska, for $100K dwelling coverage. The two best overall home insurance companies in Anchorage for $100K dwelling coverage are:
State Farm is the best home insurance provider due to affordability and high customer satisfaction, contributing significantly to its MoneyGeek score.
Various companies offer different costs and service experiences in Anchorage, Alaska. Although cost is important, customer satisfaction and coverage options are also important, as these factors matter when making claims.
State Farm is the best overall company due to its high scores in affordability and satisfaction. It offers comprehensive home insurance coverage with building ordinance or law and mold coverages. Discounts like roof replacement cost and wind mitigation help policyholders save. Homeowners can qualify for these discounts by meeting certain building standards or having specific roof characteristics.
State Farm's building ordinance or law, which helps cover costs if local laws require changes to your home. Mold coverage protects against mold damage, which many policies exclude.
MoneyGeek found that State Farm is the best option for home insurance in Anchorage, Alaska, in terms of customer service. It has the highest MoneyGeek score for $100K dwelling coverage.
State Farm is the top choice because it excels in customer service, a key component in its MoneyGeek score. It has a reputation for effectively handling claims and customer interactions. Excellent service in home insurance means quick claim responses and helpful customer support.
State Farm scores high in MoneyGeek's analysis due to its great customer satisfaction and coverage. It offers comprehensive home insurance with building ordinance or law and scheduled personal property coverages. You can save with discounts like bundle and protective device. For example, you can qualify for a discount by installing a security system.
State Farm's building ordinance or law helps if you need to follow new building codes. Scheduled personal property covers special items like cameras. Back-up of sewer or drain protects against water damage from sewers.
MoneyGeek found that State Farm is the best cheap home insurance option for $100K dwelling coverage in Anchorage, Alaska. The top two best cheap insurance providers for $100K dwelling coverage are:
When considering the average cost of homeowners insurance in Alaska, State Farm stands out with a strong MoneyGeek score due to its excellent affordability and decent customer satisfaction ratings.
Opting for cheaper home insurance often means choosing lower coverage, which saves money. However, it might not be enough if there's an accident. In these cases, reviewing the cheapest homeowner insurance companies could help save on premiums. State Farm's best cheap insurance balances coverage and cost.
State Farm scores high in affordability and customer satisfaction. It offers comprehensive home insurance with building ordinance or law coverage. You can save with discounts like roof replacement cost, which helps if your roof is damaged. State Farm also provides wind mitigation discounts for homes meeting certain standards.
State Farm's building ordinance or law helps if local laws require changes to your home. Scheduled personal property covers valuable items like cameras. Back-up of sewer or drain protects against water damage from sewers.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 23, 2024
Many factors influence homeowners insurance in Anchorage, including location. Comparing rates is crucial to saving money, though it can take over an hour to evaluate three or more companies at 15 minutes each. MoneyGeek's home insurance calculator helps you save by focusing on vital factors. Enter your age, dwelling coverage, credit score, deductible, liability coverage and more for an estimate.
State Farm is the best option in Anchorage, Alaska, for affordable home insurance. The key factor in your home insurance premium cost is the dwelling coverage you select.
With a cost-effective annual premium and the highest MoneyGeek score, State Farm is the top choice for homeowners in Anchorage, Alaska. It consistently ranks best for various dwelling coverages, ensuring excellent value. Opting for the cheapest homeowners insurance in Alaska can be an effective strategy to manage personal finances.
| State Farm | $437 |
| Umialik Insurance | $473 |
| COUNTRY Financial | $515 |
| Allstate | $846 |
State Farm is the best option in Anchorage, Alaska, for high-value homes, offering the cheapest annual premium for a $750K dwelling coverage policy. High dwelling coverage is needed for homes that cost more to replace, and home insurance costs increase as coverage rises.
State Farm stands out in Anchorage for its affordable rates, making it a strong contender for budget-conscious homeowners.
| State Farm | $1,822 |
| Umialik Insurance | $2,409 |
| COUNTRY Financial | $2,852 |
| Allstate | $3,551 |
Umialik Insurance is the top choice for new homes in Anchorage, Alaska, offering the most affordable annual premium for dwelling coverage.
Umialik Insurance provides the most affordable homeowners insurance in Anchorage, but other factors might be important. You may want to consider overall ratings for the best choice. It's important to be adequately covered when selecting home insurance to protect your investment.
| Umialik Insurance | $284 |
| State Farm | $289 |
| COUNTRY Financial | $312 |
| Allstate | $320 |
The best cheap homeowners insurance providers balance quality and cost, offering great customer service and coverage with affordable premiums. In Anchorage, the best cheap option depends on your needs. Consider other factors like coverage limits and deductibles, not just premiums.
Follow these steps to get the best cheap home insurance: compare quotes, check reviews and assess your coverage needs.
To determine how much home insurance coverage you need, consider factors like rebuilding costs, personal property value and liability in Anchorage, Alaska.
Research insurance companies in Anchorage, Alaska. Look for those with good financial stability, positive customer reviews and a history of quality service.
Once you know your coverage needs, compare home insurance quotes. In Anchorage, premiums for $100K dwelling coverage range from $437 with State Farm to $846 with Allstate.
Inquire about potential discounts from providers, such as those for bundling policies, installing safety features or maintaining a claims-free history.
Opting for a higher home insurance deductible can reduce your premium, but ensure it's an amount you can afford if you need to file a claim.
Enhancing your home's security with systems and strong locks can lower its risk profile and potentially decrease insurance costs.
Keep a good credit score, as it can influence your insurance rates in Anchorage, Alaska. Pay bills on time and minimize outstanding debt.
Consider combining your homeowners insurance with other policies like auto insurance. This can result in substantial discounts and savings.
The best cheap home insurance provider for you in Anchorage depends on your coverage needs and budget. Get answers to some of the most commonly asked questions about insurance rates in Anchorage, Alaska.
The average cost of home insurance in Anchorage is $434.
State Farm is the cheapest home insurance provider, with an annual premium of $437.
The best home insurance in Alaska for Anchorage residents is provided by State Farm, with a MoneyGeek score of 100 out of 100.
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.
