Anchorage, AK Homeowners Insurance Quotes (2022)

Home to nearly 300,000 residents, Anchorage ranks as Alaska ’s most populous city and accounts for nearly 40 percent of its residents. The state boasts the largest land area in the United States, with mountain views as far as the eye can see, endless summer sunshine, and coastal homes. Anchorage is no exception, and it should come as no surprise that almost half of all Alaskans choose to reside here: it has a perfect balance between beautiful scenery with wildlife right in town and urban life full of theater, museums, concerts, and other local events.

It is no wonder that so many people follow Alaska ’s motto and move “North to the future.” Living expenses in Anchorage are slightly lower than the national average, despite having the perks of living on the water and a friendly, informal culture. But living in an environment with a unique climate may mean that your home is subject to extreme conditions for the majority of the year.

If you’re looking for your first homeowners policy or searching for savings, Insurify’s comparison tools make your home insurance search quick and easy. Compare Anchorage home insurance policies, insurance agencies, and insurance quotes to find great coverage options that fit your needs.

For homeowners in Anchorage, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies will allow you to get the best possible insurance rate for your home.

To simplify comparing companies, Insurify has analyzed rates from top insurance providers in Anchorage. The following are the best insurance rates from carriers that offer homeowners insurance in Anchorage.

Buying a home may be one of the largest financial investments of your lifetime. With investment, inevitably, comes risk. However, there are steps homeowners can take to minimize risk and protect their investment.

The first step to protecting your property is homeowners insurance. Though not required by law, home insurance provides financial liability for your property and belongings from natural disasters and theft. Different coverage levels are available for different property types, locations, and other factors.

The most significant risks that homeowners face include theft, fires, vandalism, and natural disasters. While these risks can happen anywhere, CBS News ranked Anchorage as number 13 out of the 50 most dangerous cities in America, with the rate of violent crime as 1,245 per 100,000 residents. According to a new data analysis from a University of Alaska researcher, Alaska saw its violent crime rate rise over the past 30 years, even as its overall crime rate fell.

The best way to protect your home, personal belongings, and personal liability is to purchase the best homeowners and auto insurance policies. And additional coverage as well.

Coverage levels exist for every corner of the United States, and the cost of homeowners insurance can differ depending on the type of home and the ZIP code. Bundling auto and home insurance together in one policy can be a productive first step to protecting your belongings and liabilities, especially since many homeowners insurance companies offer bundling on most of their insurance products at a discount. If you don’t see a bundling offer when you buy your policy, ask your local agent.

Keep reading for a full guide on Anchorage home insurance and what insurance options might be best for you.

Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in. Our free home insurance comparison tool allows you to find the best policy for the best rate fast. And your information stays private and protected.

As of 2021, the average home insurance premium in Anchorage costs $1,361 annually, and the median home value is $343,909. Alaska ’s home insurance premiums rank at 34th most expensive in the United States.

Home insurance rates in Anchorage are very affordable, considering the city’s appeal of living on the coast and being an urban area. But home insurance policies in Alaska include perils such as earthquakes, floods, and tsunamis. Those looking to move to Anchorage may need to consider purchasing additional earthquake insurance or flood insurance to account for covered loss and property damage, in addition to basic homeowners coverage.

Average prices for standard homeowners insurance for a 7-15 year old home, $200,000 in coverage

When searching for your Anchorage home, you may have noticed that housing costs can vary depending on which neighborhood you’re looking to live in. The same variance applies to home insurance rates.

Like property costs, home insurance varies in price from city to city. Pricing is determined by ZIP code–specific variables, such as the volume of claims filed nearby, crime rates, and property costs. It also accounts for risk variables, such as natural disaster frequency. Even your specific neighborhood within a ZIP code can determine if you pay more or less on your annual premiums.

If you’re living in Government Hill, you can expect to pay lower premiums than homeowners in Seward Highway. This area’s real estate prices are more expensive than 99 percent of the neighborhoods in Alaska, and the average rental cost is higher than 71 percent of Alaskan neighborhoods because it sits on the coast. Home insurance rates are based on your ZIP code, so if your neighborhood has higher crime rates or is at higher risk for earthquakes or floods, you’ll be left paying higher premiums. Even your neighborhood’s home values and the number of insurance claims filed nearby can affect the cost of your individual homeowners policy.

Rates in Anchorage are lower than the national average, but your specific home insurance rate will be based on the exact location of your home.

There are several types of home insurance. Specific terms of insurance policies may vary by city, but in general, the standard policy types are as follows:

Alaska is notoriously prone to earthquakes and experiences more magnitude 7.0 earthquakes than the rest of the United States combined. More than 75 percent of the state population lives in an area that can experience a large earthquake, and Anchorage is no exception. It’s important to protect your home from ground shaking, landslides, and floods.

Alaska ’s government suggests that its residents consider purchasing an additional earthquake insurance policy, as most homeowners insurance policies don’t cover damage resulting from earthquakes and aftershocks. Obtaining extra coverage is one way to protect your home, personal belongings, and other investments from damage caused by earthquakes.

Living in earthquake zones can raise homeowners insurance rates, but Anchorage real estate values are relatively affordable compared to more expensive coastal areas in the United States. While earthquake insurance policies may be costly due to Alaska being highly prone to seismic activity, purchasing one will still help you save money on costly repairs in the long run.

Alaskan geologists are hard at work to reduce the vulnerability of people and areas most at risk from natural disasters, but the very existence of these hazards makes protecting your home incredibly important. Anchorage regularly experiences a variety of natural disasters, as well as the impact of having an intense climate. In addition to earthquakes, the city is exceedingly vulnerable to volcanoes, landslides, and damage from extreme weather, such as avalanches and wildfires.

In addition to purchasing the right coverage options for you and your home, it is also important to educate and familiarize yourself with the resources available. There are information, products, and expert knowledge to help residents better protect themselves and their assets and, in turn, build a more resilient community. It is recommended to learn more about the hazards that could occur in Anchorage and the greater area of Alaska and how to protect your belongings and loved ones before, during, and after a significant hazard or disaster event.