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No, uninsured motorist coverage is not required in Alaska, as drivers can reject the coverage in writing. Still, insurance companies are required to offer at least $50,000 in uninsured motorist bodily injury coverage per person (up to $100,000 per accident), as well as $25,000 in uninsured motorist property damage insurance per accident.
For Alaska drivers who do not opt out by rejecting the coverage in writing, uninsured/underinsured motorist coverage helps pay for a car accident in which the other driver doesn’t have car insurance, or doesn’t have enough coverage for the damage they caused.
Why You Should Get Uninsured Motorist Coverage in Alaska
Normally, an at-fault driver’s insurance helps pay for any damage after an accident. However, if the other driver doesn’t have any – or enough – coverage, it can be time-consuming and difficult to sue them for funds to cover any medical or repair bills. That’s where this optional insurance coverage can help you save time and money.
Even though Alaska does not require uninsured and underinsured motorist coverage, you should still consider buying it. In Alaska, an average of 15% of drivers on the road don’t have car insurance. Car accidents in Alaska can be very expensive, too.
Key Facts About Uninsured Motorist Coverage in Alaska:
- Minimum Uninsured Motorist Bodily Injury: $50,000 per person and up to $100,000 per accident
- Minimum Uninsured Motorist Property Damage: $25,000 per accident
- Uninsured Drivers on the Road: 15%
- Crashes per Year: $72 Million
People also ask
Do I need uninsured motorist coverage if I have collision and comprehensive?
Yes, you need uninsured motorist coverage even if you have collision and comprehensive coverage. Collision insurance will pay to repair your vehicle if you’re hit by an uninsured driver, but it won’t pay for any of your medical expenses, and comprehensive insurance won’t cover your costs at all after a collision. Comprehensive insurance only pays for repairs if your car is damaged by something other than a collision, such as vandalism or a natural disaster. And you...
read full answerWhat is the cost of uninsured motorist coverage?
Uninsured motorist coverage costs around $50-$75 annually for bodily injury and property damage coverage. Uninsured motorist coverage (UM) protects the policyholder by paying for injuries or damage resulting from a car accident caused by a driver who doesn’t have enough insurance.
Like any type of car insurance, uninsured motorist premiums vary based on the policyholder’s risk factors. How much coverage you purchase will also affect the cost of UM. Similarly, uninsured motorist premiums are...
read full answerShould I reject uninsured motorist coverage?
No, you should not reject uninsured motorist coverage unless you have collision insurance and enough medical coverage to pay for your expenses after an accident caused by an uninsured driver. Drivers can reject uninsured motorist coverage in states where it is optional but still has to be offered by insurance companies. For instance, drivers in California, Florida, and Texas can legally reject uninsured motorist coverage. In 21 other states, including New York and Illinois, uninsured motorist...
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