How does where I live affect my car insurance rates?

Insurance companies weigh multiple factors when calculating your car insurance rates, including your age, driving history, type of vehicle, and even your marital status. Not only do states have different laws and limits surrounding minimum liability coverage, but where you live within your state could also affect your driver risk profile. Insurance companies use your ZIP code to analyze your area’s weather patterns, rates of vehicle theft, likelihood of vandalism, average traffic congestion, and other factors that might lead you to file an insurance claim.

How can I get the cheapest car insurance in my area?

If you want to pay the lowest possible rate on your car insurance policy, opt for state minimum coverage. This is the cheapest level of car insurance coverage your state will allow. Comparing real, ready-to-purchase quotes on a car insurance comparison site like Insurify can find you the lowest rates for your area, risk profile, and financial needs.

Who offers the cheapest car insurance in my area?

Car insurance rates vary by state, driver, and company. Click here to find the cheapest car insurance quotes and companies in your area. If you’re looking for rates tailored to you, use Insurify to compare up to 10+ real quotes for your specific driver profile and unlock savings and discounts.

Cheapest Car Insurance Quotes in Fairbanks, AK (2023)

Cheapest Car Insurance
Average Car Insurance Cost
Mininum Car Insurance Requirements
Find local insurance agents
FAQs - Fairbanks, AK Car Insurance

Cheapest Car Insurance
Average Car Insurance Cost
Mininum Car Insurance Requirements
Find local insurance agents
FAQs - Fairbanks, AK Car Insurance

Car Insurance in Fairbanks, AK

The average cost of Alaska car insurance will vary from city to city and between insurance companies. Insurify analyzed the latest insurance rates in Fairbanks, AK to find you the cheapest quotes in the area.

Quick Facts

The average cost of car insurance in Fairbanks is $148 per month, or $1776 annually.
Car insurance in Fairbanks is $19 more than the average cost of car insurance in Alaska.
The cheapest car insurance provider in Fairbanks on average is Midvale Home & Auto, but you should always compare quotes to find your best personal rate.

Quotes by Top Companies

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

See More:

Cheapest Car Insurance in Fairbanks, AK

The cost of car insurance can vary depending on the insurance provider. That’s because every insurance provider values information like your driving history and your credit score a little bit differently. Although the following car insurance companies offer the cheapest auto insurance premiums on average, it’s always important to compare quotes. Use Insurify to find your best rate today!

Insurance Provider in Fairbanks	Quotes 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.
Allstate	$44 /mo
State Farm	$45 /mo
GEICO	$84 /mo

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Average Car Insurance Cost

Alaska Cities
Anchorage	$95/mo
Juneau	$55/mo
Sitka	$56/mo
Wasilla	$71/mo
Fairbanks	$58/mo
Alaska	$67/mo

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Click here to learn about car insurance quotes and save on your current policy.

Minimum Car Insurance Requirements in Alaska

All motor vehicles operated or parked on Alaska roadways are required to be insured. Proof of insurance must be carried in your car at all times and must be available when:

Requested by law enforcement
Renewing vehicle registration
The vehicle is involved in a car accident

The minimum liability insurance requirements for private passenger vehicles in Alaska^[1] are:

$50,000 per person for bodily injury
$100,000 per accident for bodily injury

As a major part of your liability insurance, bodily injury coverage covers medical bills for people other than the policyholder who are injured during an accident. Alaska is an at-fault state, meaning the driver who is responsible for the collision is also responsible for paying for any resulting expenses, either through their car insurance provider or out of pocket.

$25,000 per accident for property damage

If it’s determined that an insured driver is at fault for an accident, this coverage pays for repairs to the property of the other involved parties. Additionally, property damage coverage can cover legal costs if the insured driver is involved in a lawsuit following the accident.

Find local Fairbanks agents

Hale & Associates
100 Cushman Street #200,
Fairbanks, AK 99701
HUB International Northwest, LLC.
3180 Peger Rd Ste 120,
Fairbanks, AK 99709-5484
Alaska Insurance LLC
536 Ketchikan Ave,
Fairbanks, AK 99701-3739
Dunlap Agency
794 University Ave Ste 101,
Fairbanks, AK 99709-3659
Baker & Associates, Inc.
3180 Peger Rd Ste 120,
Fairbanks, AK 99709-5484
Rural Alaska Insurance Agency
3180 Peger Road,
Fairbanks, AK 99709
Alaska USA Insurance Brokers, LLC - Fairbanks
1292 Sadler Way Ste 110,
Fairbanks, AK 99701-3171
Chris Marok: Allstate Insurance
59 College Rd Ste 205,
Fairbanks, AK 99701
Dick Randolph - State Farm Insurance Agent
610 12th Ave,
Fairbanks, AK 99701
Jim Kelly - State Farm Insurance Agent
1401 Turner St,
Fairbanks, AK 99701

For more detailed Alaska city level guides, check out these below.

FAQs - Fairbanks, AK Car Insurance

How does where I live affect my car insurance rates?
Insurance companies weigh multiple factors when calculating your car insurance rates, including your age, driving history, type of vehicle, and even your marital status. Not only do states have different laws and limits surrounding minimum liability coverage, but where you live within your state could also affect your driver risk profile. Insurance companies use your ZIP code to analyze your area’s weather patterns, rates of vehicle theft, likelihood of vandalism, average traffic congestion, and other factors that might lead you to file an insurance claim.
How can I get the cheapest car insurance in my area?
If you want to pay the lowest possible rate on your car insurance policy, opt for state minimum coverage. This is the cheapest level of car insurance coverage your state will allow. Comparing real, ready-to-purchase quotes on a car insurance comparison site like Insurify can find you the lowest rates for your area, risk profile, and financial needs.
Who offers the cheapest car insurance in my area?
Car insurance rates vary by state, driver, and company. Click here to find the cheapest car insurance quotes and companies in your area. If you’re looking for rates tailored to you, use Insurify to compare up to 10+ real quotes for your specific driver profile and unlock savings and discounts.

Compare Car Insurance Quotes Instantly

Secure. Free. Easy-to-use.

Based on 3,806+ reviews

4.8/5

Methodology

Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.

Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).

Liability-only premium averages correspond to policies with the following coverage limits:

Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
Property damage limits between $10,000 and $50,000
No additional coverage

Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:

Comprehensive coverage with a $1,000 deductible
Collision coverage with a $1,000 deductible

Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.

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Sources

Alaska Department of Administraton. "State Minimum Car Insurance Requirements." Accessed May 27, 2022

Tanveen VohraManager of Content and Communications

Tanveen Vohra is an editorial manager at Insurify specializing in writing about property and casualty insurance, focusing on market and pricing trends in home and auto insurance. Through her work, she helps consumers better understand the components of their insurance policies so they can make smarter purchase decisions. She received a bachelor's degree from SUNY Buffalo. You can connect with her on LinkedIn.

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Edited byOlivia OksenhornInsurance Writer

Olivia OksenhornInsurance Writer

Olivia Oksenhorn is an insurance writer at Insurify. With a special focus in auto insurance and personal finance, Olivia works to help policyholders make informed decisions about their insurance. She received a bachelor's degree from the University of Colorado. Before starting at Insurify, she worked as a writer and in newsrooms and nonprofits across Colorado, including Aspen Public Radio and the Aspen Sojourner. You can connect with Olivia on LinkedIn.

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Reviewed byAmber BenkaLicensed Insurance Agent

Amber BenkaLicensed Insurance Agent

Amber Benka is a licensed insurance agent specializing in auto, home, commercial, life, and health insurance. She has owned the R.A.L Insurance Agency for four years.

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