Best Auto Insurance Companies In Alaska

If you're looking for auto insurance in Alaska, you'll want to know which companies offer coverage in the state. Fortunately, most major carriers provide auto insurance in Alaska, including Geico, USAA, State Farm, Progressive, and Allstate.

When it comes to finding the best auto insurance company in Alaska, it's essential to consider factors such as cost, coverage options, customer service, and industry ratings. By comparing quotes, coverages, and discounts from different insurers, you can find the best rates and protection for your specific needs.

Best auto insurance companies in Alaska

When it comes to finding the best auto insurance companies in Alaska, there are several factors to consider, including cost, customer service, and claims satisfaction. Here are some of the top-rated companies in the state:

• Geico: Geico is known for offering affordable rates and a wide range of discounts, making it a great option for budget-conscious drivers. They also have a user-friendly mobile app and website, making it easy to manage your policy online. Geico offers all the standard coverages, plus optional add-ons like emergency roadside assistance and rental car reimbursement.
• USAA: USAA is highly rated for its excellent customer service and affordable rates. It is only available to military members, veterans, and their families, but it offers a range of coverage options, including rental reimbursement and rideshare gap protection. USAA also has a highly-rated mobile app and consistently receives high scores in industry rankings.
• State Farm: State Farm is the largest provider of auto insurance in the US, and it offers coverage in all 50 states. They have a strong network of local agents in Alaska, which can be beneficial for those who prefer in-person service. State Farm also offers a user-friendly mobile app and website, as well as a range of discounts, including those for students and teen drivers.
• Progressive: Progressive is known for its innovative tools, such as the Name Your Price Tool, which allows drivers to find a coverage package that fits their budget. They also offer a highly-rated mobile app and a wide range of coverage options, including rental car reimbursement and custom parts and equipment value coverage. Progressive's usage-based insurance program, Snapshot, rewards safe driving with discounts.
• Umialik: Umialik is a local insurance company, serving Alaskans for almost 50 years. They offer two car insurance programs, Signature and Select, both of which include unique features like a common loss deductible and coverage for collision with another Umialik customer. Umialik provides a wide selection of optional coverages and has a strong reputation within the industry.
• The General: The General is a licensed car insurance agency based in Nashville, Tennessee, known for offering coverage to high-risk drivers. They have solid coverage options and nine discounts for policyholders to take advantage of, including roadside assistance and customized equipment coverage.
• PURE Insurance: PURE Insurance specializes in coverage for customers with a high net worth. They have high user ratings and are known for their solid coverage options.
• National General Insurance: National General Insurance is one of the largest insurance providers in the country, offering coverage in all 50 states. They have been in business since 1939 and have a good reputation for customer service and claims handling.

When choosing an auto insurance company in Alaska, it's important to shop around and compare quotes, coverages, and discounts. Maintaining a clean driving record, bundling policies, and selecting a higher deductible can also help lower your premiums.

Cheapest auto insurance in Alaska

Auto insurance is a necessity, but finding cheap car insurance in Alaska isn't always easy. The best way to find affordable car insurance is to compare rates from multiple insurers.

Geico

Geico offers the cheapest full coverage in Alaska, with an average rate of $1,148 per year or $112 per month, according to NerdWallet and ValuePenguin. The average cost of full coverage in Alaska is $1,527 per year or $127 per month.

State Farm

State Farm offers the best rates for minimum liability insurance, with an average of $46 per month. That's 9% cheaper than the Alaska average. State Farm also has some of the best customer service in Alaska.

Allstate

Allstate has the cheapest minimum coverage rate for an 18-year-old driver, at $105 per month. That's 33% cheaper than average. However, full coverage from Allstate is costly, at $409 per month.

Umialik

Umialik has the overall cheapest car insurance in Alaska across a variety of driving records, based on Forbes Advisor's analysis. Umialik also has the cheapest rates for young drivers after a speeding ticket or accident.

USAA

USAA is only available to current and former military members and their families. If you fall into this category, you can get full coverage insurance from USAA for just $84 per month. That's $28 less per month than Geico and 34% cheaper than the state average.

Progressive

Progressive is another affordable option for car insurance in Alaska, especially for young drivers.

Other Tips for Finding Cheap Car Insurance in Alaska

• Compare rates from several car insurance companies.
• Switch companies if your driving record changes.
• Review your auto insurance policy regularly and remove any coverage you no longer need.
• Raise your auto insurance deductible.
• Ask about car insurance discounts, such as for driving fewer miles or paying upfront.
• Bundle your car insurance with other policies, such as home or renters insurance.
• Optimize your insurance payment strategy by paying upfront or choosing electronic payment transfers.
• Go paperless.

Auto insurance requirements in Alaska

Alaska's Mandatory Insurance Statutes mandate that individuals who own a motor vehicle that is subject to registration must have a liability insurance policy. This policy must meet the following minimum requirements:

• $50,000 per person and $100,000 per accident for bodily injury or death.
• $25,000 for property damage.

Drivers must carry proof of insurance at all times while operating a motor vehicle and present this proof for inspection upon request by a peace officer or other authorized representative of the Department of Public Safety. Failure to do so may result in the suspension of your driver's license.

Certain rural areas in Alaska are exempt from these mandatory insurance requirements. A list of these communities can be found on the Alaska DMV website.

In addition to the minimum requirements, drivers may also want to consider additional types of insurance, such as collision or comprehensive coverage, for better financial protection. Lenders may also require collision and comprehensive coverage if you are currently financing or leasing your vehicle.

When shopping for auto insurance in Alaska, it is important to compare quotes from multiple companies and consider factors such as customer service, digital tools, and financial strength. Some of the best auto insurance companies in Alaska include Geico, USAA, Progressive, and State Farm.

Auto insurance discounts in Alaska

Geico

Geico offers extensive discounts on top of its below-average premiums in Alaska. Eligible government employees, military members, and veterans could qualify for a discount. Geico also offers savings opportunities for civilians and those working in the private sector, including vehicle safety discounts, a defensive driver discount, an affiliation discount, and a safe driving discount.

State Farm

State Farm has a usage-based program that rewards safe driving with a discount. This program also provides feedback on driving habits, which may help drivers make safer choices and avoid accidents in the future.

USAA

USAA is only available to current and former military members and their families. It offers a discount for garaging your vehicle on base and a low-mileage discount for deployed military members.

Allstate

Allstate offers the best rates for Alaska drivers with poor credit, with an average rate of $156 per month for full coverage. That's 34% cheaper than average.

The General

The General offers solid coverage options and nine discounts for policyholders to take advantage of.

Umialik

Umialik offers a penalty-free promise as part of its Signature Auto program. This means your rates won't increase because of accidents or tickets, but only drivers with a clean record can get this policy.

Progressive

Progressive scored highly in the shopping category of the J.D. Power 2023 U.S. Insurance Digital Experience Study. When requesting an online quote, drivers can input how much they want to spend on a policy, and Progressive will present coverage packages that meet that desired budget.

PURE Insurance

PURE Insurance is a property and casualty insurer specializing in coverage for customers with a high net worth.

National General

National General Insurance is one of the largest insurance providers in the country.

Nationwide

Nationwide is one of the largest and most diversified insurance and financial services organizations in the United States.

Amica

Amica is one of the oldest car insurance companies in the U.S., having opened for business over a century ago, in 1907.

Allstate

Allstate is one of the largest insurance companies in the U.S., serving more than 16 million households across the country.

Electric Insurance Company

Electric Insurance Company wrote the first Workers Compensation policy for the General Electric Company almost a century ago. It is rated “A” by AM Best.

Horace Mann

Horace Mann was founded by two teachers in 1945 to provide quality, affordable auto insurance for teachers.

AXA Insurance Company

AXA Insurance Company works tirelessly to turn innovations into improvements in people’s lives, by exploring, learning and playing with new ideas.

Auto insurance for young drivers in Alaska

If you are a young driver in Alaska, you will need to get auto insurance to drive legally. Alaska's financial responsibility law requires vehicle owners and drivers to have liability insurance to protect others in the event of an accident causing injury or property damage. The minimum liability insurance allowed by Alaska law is $50,000 per person, $100,000 per accident for bodily injury or death, and $25,000 for property damage per accident.

Auto insurance can be expensive in Alaska, and young drivers often pay more for coverage than older adults. Young drivers in Alaska can expect to pay around $106 more per month for minimum coverage insurance than adult drivers. Additionally, full coverage insurance for 18-year-old drivers can cost nearly three times more than it does for 30-year-old drivers.

To find affordable auto insurance as a young driver in Alaska, you can consider the following options:

• Sharing a policy with your parents: This can often result in lower premiums.
• Maintaining good grades in school: Some insurance companies offer discounts for young drivers who are good students.
• Signing up for a usage-based program: Practising safe driving habits and enrolling in a usage-based insurance program can help lower your premiums.
• Comparing quotes from multiple companies: It is recommended to compare quotes from at least three different insurance companies to find the best rates and coverage options.

Some of the cheapest car insurance companies in Alaska for young drivers include:

• Allstate: Allstate offers the cheapest minimum coverage rate for an 18-year-old driver at $105 per month. However, their full coverage rates are significantly higher, at $409 per month.
• Umialik: Umialik offers the cheapest full coverage insurance for young drivers in Alaska at $297 per month, which is 19% cheaper than the average. They also offer a "penalty-free promise" as part of their Signature Auto program, where rates won't increase due to accidents or tickets for drivers with a clean record.
• State Farm: State Farm offers the best rates for minimum liability insurance, with an average of $46 per month. They also have excellent customer service and are known for their local agents in many Alaskan cities.
• Geico: Geico has the cheapest full coverage rates in Alaska, with an average rate of $112 per month. They also offer a wide range of discounts, including those for government employees, military members, and veterans.
• USAA: USAA offers excellent customer service and affordable rates, but their policies are only available to current and former military members and their families. For those who qualify, full coverage insurance is available for $84 per month.

Frequently asked questions