Best Anchorage Homeowners Insurance Quotes (2025)

State Farm and Allstate offer the cheapest homeowners insurance policies on average in Anchorage.

Elizabeth Rivelli
Elizabeth Rivelli
  • 5+ years writing insurance and personal finance topics

  • Auto, home, health, and life insurance expertise

Elizabeth has extensive insurance industry experience, having written for Insureon, Rate Retriever, and Insurify. She’s also finance and insurance editor for Car and Driver.

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Becky Helzer
Edited byBecky Helzer
Becky Helzer
Becky HelzerEditor

Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.

A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.

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In Anchorage, Alaska, homeowners insurance costs an average of $1,163 per year for a policy with $300,000 in dwelling coverage with a $1,000 deductible. A comprehensive homeowners insurance policy is essential in Anchorage, as it covers damage from snow, ice, and freezing. Since Anchorage is also susceptible to flooding and earthquakes, some homeowners may benefit from buying separate flood and earthquake insurance.[1] [2]

Here’s what you should know about finding home insurance in Anchorage.

Quick Facts
  • State Farm has the cheapest average home insurance rates in Anchorage.

  • USAA is the best home insurance company for military families.

  • Your ZIP code, coverage limits, deductible, and claim history can affect your home insurance premium in Anchorage.

Best home insurance companies in Anchorage

Many reputable home insurance companies serve homeowners in Anchorage. But the best home insurance company in Anchorage is different for everyone. The right insurer depends on your individual situation, coverage needs, and budget. The list below highlights some of the best homeowners insurance companies, along with their pros and cons.

State Farm: Best company for low rates

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IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.2/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
643
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$183/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$261/mo

Based on Insurify’s rate data, State Farm has the cheapest average homeowners insurance premiums in Anchorage. The company was also rated above average in most regions for overall customer satisfaction in the J.D. Power 2024 U.S. Home Insurance Study.

Pros
  • Affordable average rates

  • Excellent J.D. Power customer satisfaction rating in most regions

Cons
  • Below-average J.D. Power claims satisfaction rating

  • Fewer endorsements than some competitors

Umialik: Best company for comprehensive coverage

comprehensive coverageUmialik Insurance logoUmialik Insurance

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IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
NR
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
Not rated

Umialik offers an impressive selection of home insurance endorsements, making it a great option for Anchorage homeowners who want to customize their policies. The company offers 22 optional coverages for earthquakes, guns, water backup damage, food spoilage, equipment breakdown, debris removal, and computers.

Umialik’s Signature Home policy also includes a Penalty-Free Promise feature, which guarantees your premium won’t increase when you file claims.

Pros
  • Great variety of endorsements

  • No rate increases when filing a claim under the Signature Home policy

Cons
  • Quotes available only through independent agents

  • Very few available discounts

USAA: Best company for military families

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
737
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$147/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$212/mo

Alaska has the highest percentage of veterans in the United States — nearly 10%, according to the Department of Labor and Workforce Development. And with Anchorage’s proximity to Elmendorf Air Force Base, USAA is a great option for military families. The company exclusively insures active-duty and retired service members, their spouses, and their children, offering affordable home insurance coverage options. 

All policies include replacement cost coverage for personal property and certain home-building materials. The company also stands out for its excellent customer satisfaction and claims satisfaction ratings from J.D. Power.

Pros
  • High J.D. Power customer satisfaction and claims satisfaction ratings

  • Multiple available coverage options

Cons
  • Available only to active-duty and retired service members and their families

  • More expensive rates than the city average

  • Our editorial team analyzed regional and national home insurance companies that sell policies in Anchorage to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.

Cheapest home insurance companies in Anchorage

State Farm is the cheapest home insurance company in Anchorage, with an average premium of $939 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible. The following table shows the average premium for some of the top home insurance companies in Anchorage.

Insurance Company
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Average Annual Premium
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State Farm$939
Allstate$1,020
Umialik$1,078
USAA$1,296
Country$1,483

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How much is home insurance in Anchorage?

The average cost of home insurance in Anchorage is $1,163 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible. That’s about $97 per month.

Keep in mind that the cost of homeowners insurance in Anchorage is different for everyone. When calculating premiums, insurance companies consider factors like your ZIP code, your credit-based insurance score, your claim history, the size of your home, and the type of home insurance policy you get.

Cost of home insurance by dwelling coverage in Alaska

Home insurance premiums depend on the amount of dwelling coverage you have, which is the portion of your policy that covers damage to your home’s structure.[3] The higher your dwelling coverage limit, the higher your home insurance premium.

The table below shows the average home insurance premium in Alaska for different dwelling coverage limits.

Coverage Limit
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Average Annual Premium
sort ascsort desc
$100,000$681
$200,000$945
$300,000$1,197
$400,000$1,470
$500,000$1,736

Cost of homeowners insurance by deductible amount

Home insurance policies have a deductible — the amount you pay out of pocket before your insurance pays for a covered loss.[4] The higher your deductible, the lower your annual premium. If you choose a lower deductible, your premium will increase.

The following table highlights the difference in cost between policies with a $500 deductible and a $1,000 deductible for $300,000 in coverage in Anchorage.

Deductible Amount
sort ascsort desc
Average Annual Premium
sort ascsort desc
$500$1,221
$1,000$1,163

Average cost of home insurance in other cities in Alaska

Different cities in Alaska and ZIP codes within the same cities can have different homeowners insurance rates. Some location-specific factors determining home insurance rates include weather events, proximity to a fire station, and the history of residential burglaries in the area.

The list below highlights the average homeowner policy rates for various cities in Alaska, according to Insurify data.

City
sort ascsort desc
Average Annual Premium
sort ascsort desc
Juneau$1,073
Eagle River$1,108
Wasilla$1,144
Ketchikan$1,159
Anchorage$1,163
Soldotna$1,191
Palmer$1,206
Kenai$1,226
Fairbanks$1,345
North Pole$1,352

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What to know about owning a home in Anchorage

If you own a home in Anchorage, it’s important to understand the unique risks you might face. The city experiences extreme weather events, like heavy snowfall and avalanches, which can cause significant damage to houses. Fortunately, standard homeowners insurance covers damage from these perils.

But some property damage risks in Anchorage don’t have coverage under a regular home insurance policy. Anchorage is prone to earthquakes and flooding, for example, and standard home insurance excludes these.

You’ll need to purchase separate policies to cover earthquake or flood damage. Many Alaska homeowners insurance companies offer separate earthquake insurance policies or endorsements, and you can buy flood insurance through the National Flood Insurance Program (NFIP) or a private insurer.

Anchorage home insurance FAQs

If you’re shopping for homeowners insurance in Anchorage, this additional information may help as you research insurance companies.

  • The average cost of home insurance in Anchorage is around $97 per month for a policy with $300,000 in dwelling coverage and a $1,000 deductible. If you want to add endorsements or separate policies, like flood insurance, your total home insurance costs will probably be higher.

  • State Farm has the cheapest home insurance in Anchorage, with an average rate of $939 per year, based on Insurify data. Allstate is the second-cheapest company, with an average rate of $1,020 per year.

  • The average home insurance policy in Alaska costs $1,197 per year for $300,000 in dwelling coverage. Average homeowners insurance premiums in Anchorage are roughly the same as the statewide average, with Anchorage homeowners paying about 3% less per year.

  • No. Progressive doesn’t offer homeowners insurance in Alaska. Some other top home insurance companies serving Alaska homeowners include Allstate, State Farm, and Umialik.

  • The 80% rule in homeowners insurance states that your dwelling coverage limit must be at least 80% of your home’s replacement value to receive full coverage from your insurer.[5] Otherwise, you risk being underinsured if you have a loss.

Sources

  1. Municipality of Anchorage. "Project Management and Engineering Flood Hazard Permits."
  2. U.S. Geological Survey Fact Sheet. "Why Do Earthquakes Occur in Southern Alaska?."
  3. Insurance information Institute. "Homeowners Insurance Basics."
  4. Insurance Information institute. "Understanding your insurance deductibles."
  5. Sate of Alaska Division of Insurance. "Consumer Guide to Homeowners Insurance."
Elizabeth Rivelli
Elizabeth Rivelli

Elizabeth Rivelli is a freelance writer covering insurance and personal finance. She has extensive knowledge of various insurance lines, including property and casualty, health, and life insurance. Her byline has been featured in dozens of publications, including Investopedia, Forbes, Bankrate, NextAdvisor, and Insurance.com. 

Elizabeth has been a contributor at Insurify since October 2022.

Becky Helzer
Edited byBecky HelzerEditor
Becky Helzer
Becky HelzerEditor

Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.

A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.

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