What is the cheapest full coverage insurance in Alaska?

Full coverage insurance in Alaska costs an average of $131 per month ($1,573 annually). A full coverage policy usually includes collision and comprehensive insurance, plus the types of coverage required by Alaska law. In Alaska, liability insurance is mandatory for all drivers.

Monthly Cost of Full Coverage Insurance in Alaska

Note: Premiums are for a 45-year-old good driver in Alaska; individual premiums will vary.

How to Get Cheaper Full Coverage Insurance in Alaska

1. Compare quotes from several companies to make sure you’re getting the best deal.
2. Increase your deductible. Higher deductibles lead to lower premiums, but remember to only pick a deductible you’d be able to afford in an emergency.
3. Don’t forget to make sure you’re getting all the discounts you can.

To learn more, check out WalletHub’s guide to full coverage car insurance.

1. Compare quotes from both national and regional insurers

Comparing quotes is the easiest way to find out who has cheapest car insurance in Alaska. Just don’t forget to include local insurance companies in your search for cheap car insurance. In Alaska, regional insurers like Umialik and Country Financial might have lower rates than national companies like Geico and State Farm as well as comparable customer satisfaction ratings.… read full answer

2. Know what affects insurance rates in Alaska

Everyone knows that your driving habits and claims history affect how much you pay for car insurance. But in Alaska, companies can also consider your age, gender, credit history, marital status, and more when setting premiums. The car you drive, your annual mileage, and even some factors beyond your control all impact the price of insurance.

3. Maintain coverage while you shop for cheaper car insurance

You’ll see higher rates if you let your insurance lapse, even if you don’t own a car. Alaska drivers who don’t maintain continuous coverage pay an average of 6% more than those with five or more years of insurance history.

4. Choose the right amount of coverage

You need liability insurance to pay for the other driver’s damages if you’re at fault in an accident in Alaska. But collision and comprehensive coverage are usually optional and may be unnecessary if you own an older car. Usage-based insurance might be a better fit than a standard policy for low-mileage drivers. Going with a higher deductible or lower coverage limits costs less, too. Don’t skimp on the coverage you need, but do make informed choices. That way, you won’t end up paying for more car insurance than you need.

5. Search for discounts

Top car insurance companies in Alaska have a variety of discounts, so almost anyone can find ways to save. You may be able to get a car insurance discount if you’re a student, veteran, good driver, homeowner, willing to go paperless, and more.

6. Stay in less expensive zip codes

Car insurance prices can vary a lot based on zip code in Alaska. The most expensive zip code in Alaska is 99504, which is the Anchorage area. The least expensive zip code is 99820—the Angoon area. On average, drivers in the most expensive parts of Alaska spend about $618 more than those living in the least expensive areas.

The best ways to get cheap full coverage car insurance are to compare quotes from at least three companies every 6-12 months, choose the highest deductible you can comfortably afford, and take advantage of discounts. For instance, many insurers offer discounts for paying your premium in full up front and taking an approved defensive driving course. You can get full coverage for cheap from … read full answerEsurance, Geico, and Mercury.

How to Get Cheap Full Coverage Car Insurance

1. Compare quotes from multiple companies in order to find the best deal.
2. Pick the highest deductible you can afford.
3. Make sure you’re getting every discount you qualify for.
4. Cut any unnecessary coverage types and consider lowering your liability

Things to Consider When Getting Full Coverage Car Insurance

Although raising your deductible and lowering your liability limits can help you save money in the short-term, be sure to weigh the pros and cons. For instance, it’s not worth raising your deductible to an amount that’s unreasonable for your financial situation. Similarly, if your liability limits are too low, you could be held personally responsible for damages if you cause a severe accident.

In the long run, the best way to get cheap full coverage car insurance is to make yourself as low-risk as possible for insurers. That means maintaining a clean driving record, raising your insurance score, and choosing a vehicle that’s inexpensive to insure.

For more information, check out WalletHub’s guide to the cheapest full coverage car insurance.