Alaska Auto Insurance

Auto insurance in Alaska

What is the average cost of car insurance in Alaska? The average cost of auto insurance in Alaska is $1,152 per year, which is below national average price of car insurance. Some of the main factors that affect car insurance costs in Alaska include age of the driver, gender and marital status. Typically, younger and less experienced drivers pay significantly more for car insurance than seasoned drivers with good driving history. A seventeen year old driver, for example, may be paying over $4,000 for car insurance per year, while a driver who is in his or her fifties may be paying less than a $1,000 per year. This example shows a significant difference in costs of car insurances for people of different ages. If you are looking for the most affordable and yet reliable car insurance company in Alaska, a good way to compare prices would be by getting a free quote from car insurance companies of your choice.

Find the best car insurance rate in your city, county or by zip code.

The main purpose of car insurance is to protect yourself in case of accidents, not to mention this is mandatory by law. Regardless of the reason for which you are using a vehicle, adequate insurance is a must. Should you continue to drive without a valid policy, you can expect to pay fines or even have your driver's license?vehicle registration suspended. The fines can be as high as $1,000, while the suspension can be extended up to six months. To discover more about auto insurance in the state of Alaska, we encourage you to keep on reading.

What type of car insurance do you legally need in Alaska?

There are not many roads in Alaska, as the biggest part of the state is accessible by boat or plane. However, if you do plan on driving in Alaska, you must submit proof of financial responsibility. You can achieve this by purchasing a suitable auto insurance policy. Keep in mind that the insurance card must be carried in the vehicle at all times, no exceptions. Some areas are exempt from registration, with drivers being required to have AK liability insurance. You can check with the Alaska Division of Motor Vehicles to verify whether you live in an area that doesn't require registration.

In order for you to drive legally in the state of Alaska, your car insurance policy must have the following coverages: bodily injury liability ($50,000 per person and $100,000 per accident), property damage liability ($25,000), uninsured motorist bodily injury ($50,000 per person and $100,000 per accident), underinsured motorist property damage ($25,000). Instead of the minimum liability coverage, you can opt for full coverage insurance. This might include both comprehensive insurance and collision insurance. It is recommended to choose a superior liability coverage than the one imposed by law in Alaska. As a result, you will benefit from the best possible protection, considering the worst-case scenario.

The sums mentioned above represent the maximum amount insurance providers might be able to pay, in the situation that the accident in question was caused by you. Should you drive without a copy of the valid insurance policy, you are liable to a fine. In Alaska, it is illegal to drive without having auto insurance. Consequences include legal fines and the suspension of your vehicle registration or driver's license. Jail time might be imposed for those who are caught several times without a valid policy (repeated infraction).

Average cost of auto insurance in Alaska

How much does car insurance cost in AK? In Alaska, the state minimum auto insurance policy has a value of $373. Drivers should expect for the full coverage insurance policy to have a value of $1,559 on average. Some insurance companies might require additional payment for collision and comprehensive coverages, as well as other optional coverages. Several factors influence the said insurance rates, including: type of vehicle, having prior insurance, miles driven, location, driving history, age, gender, and marital status. While it might be tempting to choose the cheapest policy, think about the benefits of having full coverage.

The average cost of auto insurance varies from one state to the other. You can expect variations for both the minimum and full coverage, including when it comes to optional policies, such as comprehensive and collision. The factors contributing to these variations are diverse, such as: number of accidents caused by weather conditions, at-fault accidents, number of drivers vs. general population, uninsured drivers in the respective location or state, road conditions, etc.

When it comes to auto insurance, Alaska is more affordable than the national median, which has a value of $1,770. Some of the states that have the most expensive auto insurance policies include: Pennsylvania, New York, Nevada, Michigan, Louisiana, Florida, Colorado, and California. As for the most affordable states, these are: Wisconsin, Washington, Tennessee, Oregon, North Dakota, New Mexico, Nebraska, and Maine. Maine has the most attractive rates, with $876 for the full coverage and $227 for the minimum one. New York is the most expensive, with rates of $2,996, respectively $1,339.

Within the state of Alaska, there are also differences between the cities. Juneau has the most affordable annual coverage, with a value of $1,498. The other main towns have higher rates, as follows: Badger - $1,908; Fairbanks - $1,923; Knik-Fairview - $1,961; Anchorage - $2,090.

One of the major factors influencing the value of the auto insurance is the age of the driver. Young drivers often have to pay higher policies, as they are considered less responsible by insurance companies. A teenage driver can expect an annual premium of over $7,000, while a mature driver is accustomed to a premium of around $2,000. Gender differences exist as well, with men enjoying better rates. The same goes for married couples, who benefit from more affordable policies, in comparison to those who are widowed, divorced, or single.

To calculate the value of your potential auto insurance, insurance companies will also analyze your credit history. Exceptional credit can help drivers benefit from the best possible rates, while those with a poor credit history should expect a higher policy. Higher rates are offered to those with prior driving offenses, such as: speeding, at-fault accidents, reckless driving, DUI or DWI. The rates will also vary in accordance with the preferred type of coverage. It is worth mentioning that the state minimum policy can be completed with comprehensive and collision coverage, which is a considerable advantage to remember.

Did not find your city or county on the list? Please use our auto insurance companies search box at the top to locate all the best auto insurance quotes in Alaska. Find car insurance in Alaska by city, zip code or county name.

Finding the right auto insurance in Alaska

Struggling to find the right auto insurance policy? We are more than happy to help, and we hope you will consider your professional assistance. Backed by expert knowledge and practical experience, we take pride in assisting drivers to discover the best policies for their needs. All is achieved with careful consideration to your needs and available budget. Just give us a call and we will offer all the support you need. If you have questions, we are more than pleased to answer them in detail. This service is free-of-charge and it can help you save both time and energy, so that you can focus on other things that matter.