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Accidents with animals are just one thing your insurance policy can cover in Alaska. Finding an insurance policy that can do everything you want at a price you can afford is important.
The average cost of Alaska car insurance will vary from city to city and between insurance companies. Insurify analyzed the latest insurance rates in Anchorage, AK to find you the cheapest quotes in the area.
Here are the cheapest carriers in Anchorage for the following user profile: a single, 30 year old male with a clean driving record who drives a 2012 Honda Accord and pays a $1,000 deductible for the state’s minimum liability insurance.
| Cheapest Companies | |
|---|---|
 State Farm | $65/mo |
 Allstate | $78/mo |
GEICO | $83/mo |
 American Family | $153/mo |
The Insurify Composite Score is calculated by analyzing multiple factors that indicate the quality, reliability, and health of an insurance company. Inputs to the score include financial strength ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings, Consumer Reports customer satisfaction surveys, mobile app reviews, and user-generated carrier reviews. The following are the top rated carriers that offer car insurance in Anchorage. For the complete list, see Insurify's best car insurance companies.
| Best Companies | ||
|---|---|---|
American Family | $166/mo |
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The state of Alaska requires all motor vehicle operators to have proof of insurance available in the car at all times. The minimum bodily injury liability insurance requirements in Alaska are:
Bodily injury coverage protects you by paying for the injuries of anyone you harm in an accident. The minimum coverage limits that Alaska state law requires are $50,000 for the injury or death of a single person involved in a car accident and $100,000 for the injury or death of multiple persons. Insurance providers list this coverage at 50/100, stating the limitations of each minimum. In an accident, liability coverage protects you up to the policy limit. Damages above the policy limit of $100,000 are your responsibility.
The minimum property damage liability insurance requirements in Alaska are:
Property damage liability coverage pays for any property that you damage in an accident. The state of Alaska requires $25,000 for the minimum. You’ll see the collective state minimum listed at 100/50/25. The 25 refers to the property damage liability. Once again, any damages above the $25,000 are your responsibility.
As the average car insurance rates in Anchorage demonstrate, younger drivers cost more to insure—even in the Last Frontier! Premiums for Anchorage teen drivers average out to $362, over four times as much as the average cost for drivers in their 50s. Since older drivers also tend to have more accidents than drivers in their prime, Anchorage drivers in their 60s and 70s pay higher premiums on average than younger motorists, with average rates of $103 and $153, respectively.
| Driver's Age | |
|---|---|
| teens | $363 |
| 20s | $202 |
| 30s | $147 |
| 40s | $152 |
| 50s | $89 |
| 60s | $103 |
| 70s | $154 |
| 80s | N/A |
| Driving History | |
|---|---|
| No Violation | $153 |
| Speeding Ticket | $183 |
| At-Fault Accident | $222 |
| Failure to Stop for Red Light / Stop Sign | $145 |
In Anchorage, smart drivers are safe drivers. And safe drivers get all the best rewards from insurance companies, including the “good driver” and “accident-free” discounts. If so, why do people with a failure-to-stop ticket pay less than those with no violations? Often, drivers with violations cut their policies to make them affordable and opt for liability only, skipping costlier comprehensive and collision coverage. An at-fault accident kicks up the price by over $60 per month. But drivers are not stuck paying more forever; three years of careful driving, and tickets and accidents stop affecting insurance rates.
Alaskans are a tad confused on just how credit changes their ability to drive. But the state’s insurance companies tell a different story, and the law says it’s perfectly okay for them to use credit as a rating factor for drivers. Generally, those with worse credit pay more for car insurance. Those with poor and average credit pay about the same. The biggest decrease goes from moving from average to excellent credit, translating to saving over $25 per month, or $300 per year.
| Credit Tie | |
|---|---|
| Excellent | $149 |
| Good | $167 |
| Average | $175 |
| Poor | $173 |
The Alaska Division of Motor Vehicles handles licensing and motor vehicle services in two ways: through its various statewide DMV locations and via a network of DMV Business Partners. While it’s nice to have options, the services that its different business partners handle can vary. Double-checking who does what online is a must. There are nine such partners in Anchorage and 11 partner locations. The Anchorage DMV office is at 3901 Old Seward Highway, Suite 101 (University Center).
People Mover is a division of the Municipality of Anchorage's Public Transportation Department (PTD) and is the largest public transit provider in the State of Alaska. Its buses take passengers to medical, leisure, and work destinations throughout Anchorage and beyond. Shared ride service for people with disabilities and the elderly is also available. Traditional taxis and bikeshare are also ways to get around in this town.
Harsh weather conditions and wildlife are just some of the hazards that drivers encounter on Alaska roads. While driving here does have its dangers, building an auto policy to stay financially safe is easy with Insurify. Icy, wet roads account for many of the accidents in Anchorage. It’s just something drivers have learned to get used to.
One thing you don’t have to put up with? Your same auto insurance policy. Insurify helps you discover the competition and find discounts that make auto policies more affordable. Use Insurify to compare dozens of insurance quotes in just seconds.
Drawing from their database of over 4 million car insurance shopper applications, the data scientists at Insurify have published various reports on driver behavior and car ownership — including how Anchorage drivers measure up to their fellow Alaska motorists in the rankings above.
From driver performance across different geographical locations and demographics to patterns in motor vehicle ownership and auto insurance coverage, Insurify Insights publishes data-driven articles, trend analyses, and national and local rankings each week on all factors related to cars and those who drive them.
While car accidents are a sadly unavoidable feature of time spent on the road, rates of accidents do vary from city to city and from state to state. Anchorage drivers rank 1 in the number of car accidents per driver across all cities in Alaska.
Exceeding the speed limit can endanger others and leave a permanent stain on your driving record. When compared to other cities in Alaska, Anchorage drivers rank 1 in the number of speeding infractions per driver.
While driving while intoxicated is never acceptable, it’s a more common offense than many assume. Anchorage drivers rank 1 in the number of DUI’s per driver across all cities in Alaska.
Some car models are just more popular than others and trends can vary from place to place. The most popular vehicle in Anchorage is the Ford F-Series Pickup.
The Insurify team classifies rude drivers as those who commit the following driving offenses: failure to yield or failure to stop, improper backing, passing where prohibited, tailgating, street racing, or hit-and-runs. Among all cities in Alaska, Anchorage drivers rank 1 in rude driving infractions.
Having a squeaky-clean driving record is an accomplishment to be proud of. Some cities have safer drivers than others; Anchorage drivers rank 1 in clean driving records across all cities in Alaska.
Failing to yield the right of way isn’t just frustrating for other drivers; it’s dangerous, too. Anchorage drivers rank 1 in failure to yield violations per driver across all cities in Alaska.
Reckless driving refers to a specific traffic violation: when drivers willfully act dangerously in spite of the risks they’re imposing on both themselves and others. Among all cities in Alaska, Anchorage drivers rank 1 in the number of reckless driving offenses per driver.
As auto manufacturers increasingly turn towards producing greener car models, more and more motorists are embracing hybrids and EV’s. Anchorage drivers rank 1 in hybrid and electric vehicle ownership across all cities in Alaska.
The EPA reports that the United States' transportation sector accounts for 27% of national greenhouse gas emissions. In a country of over 263 million registered vehicles, many communities are taking action to reduce their environmental impact and vehicular carbon footprint. This city has been named the "greenest" in the state by Insurify.
Alaska is renowned for its grand mountains, lush forests, and picturesque glaciers. To reduce negative environmental impact in such a geographically diverse state, many green initiatives are beginning to take hold on local levels. Anchorage is currently eyeing a citywide plastic bag ban. In addition, the city of Juneau, whose electric sources are mostly hydroelectric, has demonstrated its commitment to have the most electric car charging stations per capita in the entire country. Since 2009, the travel agency Adventure Green Alaska has promoted sustainable eco-tourism programs in the state.
Beginning in 2018, Insurify launched the Most Patriotic Cities Awards, which salute the community in each state with the highest percentage of individuals who currently serve in the military or identify as armed service veterans.
The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced.
