Alaska Auto Insurance

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Rachel Bodine graduated from college with a BA in English. She works as an associate editor and writer for 4autoinsurancequote.com for over a year and enjoys creating content that offers expert advice on car insurance topics.

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs...

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Reviewed byLeslie Kasperowicz
Former Farmers Insurance CSRhttps://res.cloudinary.com/quotellc/image/upload/insurance-site-images/4autoins-live/6ea5d860-leslie-kasperowicz.jpg

UPDATED: Apr 29, 2020

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Alaska State FlagKnown as “The Last Frontier”, Alaska is both the largest and least densely populated state in the country. Situated in the far north and separated from the United States mainland by Canada, Alaska is full of scenic wonders and makes for some amazing driving scenery. Speaking of driving – let’s take a look at Alaska’s auto insurance, how it works, and what you’ll need to know to get started with driving Alaska’s highways.

alaska auto insurance

Alaska Auto Insurance Laws

In Alaska, the state liability coverage minimums are:

  • Bodily Injury – $50,000 per person
  • Bodily Injury – $100,000 per accident
  • Property Damage – $25,000 per accident

Take a look at how Alaska’s minimum rates compare with surrounding states.

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Optional coverage options in Alaska:

  • Comprehensive Coverage
  • Collision Coverage
  • Medical Payments Coverage
  • Rental Car Reimbursement Coverage
  • Roadside Assistance Coverage
  • Uninsured/Underinsured Motorist Bodily Injury Coverage

There are a few key points that drivers who are new to Alaska’s auto insurance system must know. First, Alaska (like many states) follows what is known as the “tort” system. This means that whenever there is an accident, one of the drivers is going to be determined to have caused the accident, and is labeled the “at fault” party. This person and their insurance will be responsible for paying out claims and dealing with any lawsuits. While this does mean your insurance premiums likely won’t rise if you don’t cause accidents – it does leave one exposed if they happen to be in an accident caused by an uninsured driver.

The Alaskan government has determined that all drivers must have auto insurance coverage in a couple of different areas to be considered legally allowed to drive. Bodily Injury Liability insurance is the policy that covers medical treatment and related costs for the other parties in an accident where you are found to be at fault. For instance, if the at fault party rear-ends the car in front of them causing the driver to get whiplash, the at fault party’s Bodily Injury Liability insurance will cover their treatment, lost wages, and other financial claims from the accident. The minimum amount of this insurance that Alaskans must have is $50,000 per person in a single accident and $100,000 for all parties in a single accident.

The other Alaska auto insurance policy that is legally mandatory is called Property Damage Liability insurance. This type of insurance covers claims for property damage against the at fault driver when they cause an accident. For example, if a driver swerved to avoid an obstacle in the road and hit a parked car, the driver’s Property Damage Liability insurance will cover the repair and body work costs for the parked car. The minimum amount of coverage here is $25,000.

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Insurance Rates In Alaska

Auto insurance premiums in Alaska are very affordable, coming in right around the national average. In June of this year, Alaska auto insurance rates averaged $1443, which is just a couple of dollars higher than the $1439 national median.

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At an annual average rate of $2095, drivers in Anchorage pay quite a bit more for their auto insurance; this is typical for most metropolitan areas in the country. Drivers in Juneau pay about $1450 per year for their auto insurance.

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There are a lot of factors that auto insurance companies take into consideration when determining your rates. Take a look at our overview here.

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While many of these factors are simply based on your own driving record, two things that affect even the safest of drivers are age and gender. As with most states, males typically pay higher auto insurance rates than females.

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With all things considered, auto insurance is priced very reasonably for Alaskan drivers.

Alaska Auto Insurance Rates by Company

Though the state boasts very cheap auto insurance rates overall, let’s take a look at how rates vary between some of the largest companies.

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But which companies are the largest, holding the most market share percentage in the region?

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Accidents and Theft

In regards to crash statistics, the news is both good and bad for Alaskan drivers. In 2007 (the most recent year for which official crash data is available) there were a total of 10,578 crashes reported on Alaska’s roads. This represents a decrease of over 1200 total crashes in just a year, as there were 11,728 crashes reported in 2006. The bad news is that while the total number of crashes decreased, there was an increase in fatalities resulting from these crashes. 2006 saw just 74 fatalities, and that number jumped to 82 in 2007. If the accident fatality totals continue to trend upward, it could mean higher Alaska auto insurance rates. With luck, these numbers have already declined.

As one could well imagine, the risk of auto theft is somewhat limited for Alaska residents. There are few ways for criminal elements to move enough stolen automobiles out of Alaska to make it a profitable venture, so total auto theft numbers remain low. In 2009, Alaska residents reported 1689 incidences of auto theft, which was slightly up from 2008’s total of 1630 stolen vehicles. These numbers are down more than 35% since 2001, and are likely to continue to trend downwards as time goes on and vehicle owners continue to be more careful about protecting their automobiles.

4AutoInsuranceQuote.com is proud to help Alaskans track down the best possible rates for auto insurance. Our handy search tool will help you compare auto insurance rates from multiple insurance companies, and allow you to find out more about how to save on your insurance.

To get started, scroll up to the top of this page and enter in your ZIP code! We’ll take care of the rest.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Alaska Auto Insurance Agents

Additional State of Alaska Insurance Information

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(855) 898-5028
State Minimum Auto Insurance Rates Nationwide
Average Monthly Auto Insurance Rates by State
Monthly Alaska Auto Insurance Rates by ZIP Code
Factors Affecting Auto Insurance Rates in Alaska
Average Monthly Auto Insurance Rates by Age & Gender in Alaska
Alaska Auto Insurance Rates by Company vs. State Average
Alaska Auto Insurers by Market Share %
State Minimum Auto Insurance Rates Nationwide
Average Monthly Auto Insurance Rates by State
Monthly Alaska Auto Insurance Rates by ZIP Code
Factors Affecting Auto Insurance Rates in Alaska
Average Monthly Auto Insurance Rates by Age & Gender in Alaska
Alaska Auto Insurance Rates by Company vs. State Average
Alaska Auto Insurers by Market Share %