Best Anchorage Homeowners Insurance Quotes (2025)
State Farm and Allstate offer the cheapest homeowners insurance policies on average in Anchorage.
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Written byElizabeth Rivelli
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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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Edited byBecky Helzer
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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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Table of contents
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
State FarmCompare 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. | 8.2/10 |
|---|---|
| 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. | $226/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. | $317/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 coverage
Umialik Insurance
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. | 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
USAACompare 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. | $146/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. | $206/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  | Average Annual Premium |
|---|---|
| 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 | Average Annual Premium |
|---|---|
| $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 | Average Annual Premium |
|---|---|
| $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 | Average Annual Premium |
|---|---|
| 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.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
Sources
- Municipality of Anchorage. "Project Management and Engineering Flood Hazard Permits."
- U.S. Geological Survey Fact Sheet. "Why Do Earthquakes Occur in Southern Alaska?."
- Insurance information Institute. "Homeowners Insurance Basics."
- Insurance Information institute. "Understanding your insurance deductibles."
- Sate of Alaska Division of Insurance. "Consumer Guide to Homeowners Insurance."
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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 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.