The best car insurance in Anchorage, AK

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The average cost of full car insurance in Anchorage, Alaska is $1,601, which is substantially higher than the Alaska state average of $1,345. But drivers in Anchorage can save money on car insurance by comparing quotes from multiple companies before picking a policy.

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Policygenius makes it easy to see what you’ll pay for coverage from top companies, so you can choose the policy that’s best for you.

Key Takeaways

  • The minimum coverage required for car insurance in Alaska is $50,000 per person/$100,000 per accident in bodily injury liability and $25,000 in property damage liability.

  • USAA has the lowest average rate in Anchorage at $949 a year.

  • 99517 is the ZIP code with the lowest average rates in Anchorage.

Cheapest car insurance companies in Anchorage, AK

What you’ll pay for car insurance depends on lots of different factors, like your age, driving history, address, even your marital status. But rates can also vary from company to company, which is why it’s important to compare quotes before you buy a policy.

Company

Average cost

JD Power Rating

USAA

$949

890

GEICO

$1,116

871

State Farm

$1,236

881

Umialik

$1,646

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Allstate

$2,170

876

Cheapest car insurance rates by ZIP code in Anchorage, AK

Car insurance rates can vary widely within the same city, based on things like the number of accidents and claims in your area, as well as things like average repair costs and even the number of cars on the road.

ZIP code

Average cost

99501

$1,599

99502

$1,597

99503

$1,597

99504

$1,638

99507

$1,605

99508

$1,623

99513

$1,598

99515

$1,595

Choosing the right car insurance company in Anchorage, AK

There’s no one right car insurance company for every driver, so the best way to find the right car insurance company for you is to compare quotes from multiple top companies and choose an option that gets you the coverage you need at an affordable rate. 

Policygenius makes it easy to see what you’ll pay for coverage from top car insurance companies, so you can feel confident you’re making the right choice.

Car insurance rates for drivers with driving violations in Anchorage, AK

Any accidents or violations on your driving record will mean paying more for car insurance, but some infractions will cost you more than others. A DUI or an at-fault accident can increase your rates by hundreds of dollars a year.

Violation

USAA

GEICO

State Farm

Umialik

Allstate

At-fault accident

$1,443

$1,673

$1,500

$1,865

$3,357

DUI

$1,850

$1,934

$1,378

$1,865

$3,196

Suspended license

$1,797

$2,237

$1,378

$1,865

$3,196

Open container

$1,511

$1,934

$1,378

$1,865

$2,692

Expired registration

$1,294

$1,472

$1,378

$1,865

$2,692

Driving without lights

$1,135

$1,244

$1,378

$1,865

$2,692

Not showing documents

$1,294

$1,472

$1,378

$1,865

$2,692

Running a red light

$1,294

$1,244

$1,378

$1,865

$2,692

Cheapest car insurance for drivers with bad credit in Anchorage, AK

A poor credit rating can increase your car insurance premiums, so Anchorage drivers with bad credit should take extra time to shop around before picking a policy.

Company

Rates for drivers with bad credit

USAA

$1,719

GEICO

$2,349

State Farm

$2,420

Umialik

$2,830

Allstate

$2,940

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Buying car insurance in Anchorage, AK

Alaska requires all drivers to meet the following minimum coverage levels for car insurance, although most drivers will require more coverage than the state mandated minimums.

  • Bodily injury liability coverage per person: $50,000

  • Bodily injury liability coverage per accident: $100,000

  • Property damage liability coverage: $25,000

Alaska is an at fault state. This means that the insurance company of the driver found responsible for the accident will pay for the other party’s medical bills or repair costs.

How to get cheap car insurance in Anchorage, AK

  • Know your needs. Understand what coverage you need and how much you can afford.

  • Research discounts: Take advantage of savings for things like paying your annual premium in full, being a good student, or insuring multiple cars.

  • Bundle your policies: Get your home and auto insurance from the same company and save on both policies.

  • Shop around: That’s the best way to get a low price on car insurance

Frequently asked questions

Is car Insurance mandatory in Alaska?

Yes, It is illegal to not maintain car insurance coverage in Alaska, and the penalties are severe compared with many states. A first offense for driving without insurance is a $500 fine, with 30 days to provide proof of insurance at the time of the citation. Failure to do so results in a 90-day license suspension. Future violations within 10 years can mean more severe penalties, including additional fines and a license suspension of one year.

How often should I update my coverage?

Your insurance needs can change often, and you should update your coverage anytime you have a relevant change. A new vehicle, marriage, divorce, or an added driver may all require a change to your policy.

I’ve heard turning 25 makes me eligible for a lower rate, is that true?

Yes, rates usually drop for young drivers when they turn 25 and enter a lower risk age category. However drivers with recent accidents or violations may not enjoy the price drop.

Methodology

Policygenius has analyzed car insurance rates provided by Quadrant Information Services for every ZIP code in all 50 states plus Washington, D.C. For full coverage policies, the following coverage limits were used:

  • Bodily injury liability: 50/100

  • Property damage liability: $50,000

  • Uninsured/underinsured motorist: 50/100

  • Comprehensive: $500 deductible

  • Collision: $500 deductible

In some cases, additional coverages were added where required by state or insurer.

Rates for overall average rate, rates by ZIP code, and cheapest companies determined using averages for single drivers ages 30, 35, and 45. Our sample vehicle was a 2017 Toyota Camry LE driven 10,000 miles/year.

Rates for driving violations and “Poor” credit determined using average rates for a single male 30-year-old driver with a credit score under 578.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.