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The cheapest SR-22 insurance company in Alaska is USAA, with premiums costing an average of $280 per year. Since drivers with an SR-22 are considered high-risk, they usually pay above-average rates for coverage, sometimes more than twice as much as a standard policy. The average rate increase in Alaska is 14%.
Cheapest SR-22 Insurance Companies in Alaska
Rank | Company | Average Premium |
1 | $280 per year | |
2 | $341 per year | |
3 | $374 per year | |
4 | $627 per year | |
5 | $484 per year |
Note: Premiums are for a 45-year-old driver in Alaska; individual premiums will vary.
If these premiums all seem incredibly high, remember that the increase is only temporary. In Alaska, you are only required to have an SR-22 on file for 3-20 years, depending on how many offenses you have,, and if you practice safe driving habits in the meantime, you should see your premiums begin to go down.
Tips for Getting Cheap SR-22 Insurance in Alaska
- Figure out how much insurance you really need by looking at the minimum requirements for Alaska.
- Consider a non-owner SR-22 certificate if you need to be able to drive but do not own a vehicle.
- Continue to compare insurance rates annually to make sure your insurer is still offering you the best price.
It is possible that you will not be able to find a company that is willing to insure you. If that happens, you may be able to apply for car insurance through your state, since many states provide programs to match high-risk drivers with partnering insurers. However, this should be used as a last resort because the premiums will likely be very expensive.
To learn more, check out WalletHub’s guide to SR-22 insurance.
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