Looking for Cheap Car Insurance in Alaska?
Alaska boasts some of the most beautiful scenery in the country, and you'll want to be able to fully enjoy it on your road trip through our 49th state. But if you're like many other travelers, you might also be concerned about safety as you explore this beautiful state—safety, that is, both for yourself and your car.
So, you might be wondering what car insurance in Alaska will cost you. The answer depends on the area of the state you live in, and the type of coverage you choose to get. Thankfully, getting your car insurance online from Carlay can help you save money on your auto insurance policy—no matter where you live in Alaska!
The state where you live in can impact the price of the premium. For instance, Juneau, Fairbanks, and other major cities in Alaska have higher rates than the more remote parts of the state because of their proximity to major markets and areas where severe weather conditions often occur. Some other contributing factors include your age, income, and whether or not you have a good driving record.
With Carlay, it's easy to compare your options, lower your premium, and save money on your insurance rates without compromising the best coverage plan for you. Sign up takes less than a minute, and then Carlay will work hard to find you the best rates from over 50 top insurance providers. Carlay will even complete the paperwork for you— and cancelling your old policy!
How Much Does Car Insurance Cost in Alaska?
All insurance companies calculate rates differently, which is why it's so important to get as many quotes as possible. But, on average, insurance for a liability-only policy in Alaska costs $1,512 per year. Buying full coverage car insurance in Alaska will cost an average of $$$ per year.
This is in comparison to the nationwide annual average of $1,783 for liability-only car insurance and $2,485 for full-coverage auto insurance.
What contributes to the insurance rates in Alaska?
Your car insurance premium is based on a number of factors, including your driving record and where you live.
- Low Population Density
As a less densely populated state, Alaska has fewer drivers per square mile than states like Florida. It also doesn't have a large number of highways and other roadways that can result in accidents. These are a few reasons why car insurance rates tend to be lower here than elsewhere.
- Extreme Weather
Weather is a huge factor when it comes to car insurance rates in Alaska. If you live in an area that tends to be hit by tornadoes or hurricanes more often than most, you might want to consider purchasing extra coverage. This way, if disaster strikes during hurricane season, you'll have extra protection on your side (and money saved). Fortunately, you can purchase additional coverage options at any time; there's no need to wait until disaster strikes!
- Uninsured Drivers
People with low-risk driving records pay less than people who often get into accidents. Uninsured drivers are considered a bigger risk. If you have no or little insurance coverage, your rates will likely be higher to account for your higher risk profile.
Here are some statistics on Alaska's insurance costs compared to the rest of the country:
|All Coverage Before Carlay||All Coverage After Carlay||Minimum Coverage Before Carlay||Minimum Coverage After Carlay||Full Coverage Before Carlay||Full Coverage After Carlay|
|All Coverage Before Carlay||$2,490|
|All Coverage After Carlay||$1,672|
|Minimum Coverage Before Carlay||$2,360|
|Minimum Coverage After Carlay||$1,391|
|Full Coverage Before Carlay||$2,762|
|Full Coverage After Carlay||$1,964|
What Car Insurance Do You Need in Alaska?
The state of Alaska requires that drivers purchase minimum liability insurance before applying for a license. Not
having the required insurance on your car can mean trouble. It could lead to a suspended driver's license for up to 90
days and a fine of $500.
To really know what you need to pay for car insurance, it's best to talk with an expert who knows your area, like Carlay.
|Bodily injury liability||$50,000 per person / $100,000 per accident||Covers your obligations if you cause injuries to someone else|
|Property damage liability||$25,000 per accident||Covers damage you do to other people's cars and property|
While liability insurance provides coverage for other motorists in the event you're in an accident, it's wise to carry more than the state-required minimum of liability insurance, such as:
|Collision insurance||Covers damages to your car when it collides with another vehicle or a stationary object|
|Comprehensive insurance||Covers damages from events outside of a collision, such as vandalism, theft, or a natural disaster|
|Roadside assistance||Covers your expenses if a breakdown occurs|
Carlay's large network of insurance providers will deliver the best rates for the coverage that's best for you and your family. Our professional agents will help you with every step of your coverage process. From canceling your old policy to ensuring the lowest rate and sending new quotes for the renewal of your policy, Carlay always keeps you informed.
To start saving on your car insurance today, get online quotes from Carley and see how much money we can save you! And as a Carlay customer, you can save $879 per year!
How is Your Cost of Car Insurance Determined in Alaska?
On average, Alaskan rates are lower than those in most other states — but your car insurance premium is determined by a number of factors, including your driving record, age, where you live, and type of car. For example, young males with sports cars pay higher premiums than middle-aged families with sedans.
Most notably, young people have higher accident rates than other demographics of drivers, but you don't have to pay hefty insurance premiums. In fact, a lot of companies give discounts to younger drivers as long as they meet certain criteria—like completing a defensive driving course or maintaining a clean driving record.
What's more; if you have good grades, you may be able to get a good student discount on your insurance when you turn in your new driver's license. When it comes to car insurance, Carlay helps young drivers save money by providing valuable quotes to find the best prices. And here's the average premium by age:
|Age Group||Average Cost||Annual Savings with Carlay|
- Cost to insure your car in Alaska with a poor driving record
If you have a poor driving record, your costs to insure your car will increase. Drivers with poor driving records are considered more likely to get into an accident than those with clean records. Your premiums will be higher for your Alaska car insurance rates than that of a driver with a clean record and lower than that of a driver who has been involved in several accidents.
In fact, tickets and at-fault accidents can have a big impact on your rates—even if you live in a relatively safe area, like parts of Anchorage. If you have a few citations, gotten a DUI, or even an accident or two on your record, your premiums will be higher. expect more for your Alaska car insurance rates than drivers with clean records.
However, Carlay can search for the best car insurance deals for you— no matter what your circumstances. We'll help you shop around until we find the right coverage for your needs at the price you need.
Here are some rates for drivers who switched to Carlay, with an imperfect record:
|Driving Violation||Average Cost||Annual Savings with Carlay|
- Cost to insure your car in Alaska based on where you live
If you live in Alaska's larger cities, your insurance rates will likely be higher than those of people who live in less-populated areas, due to greater traffic congestion. Your premiums will be lowest if you live outside of Anchorage, Juneau and Fairbanks. That's because people who live in these larger metropolitan areas tend to drive more than those who live in rural communities, which raises their risk of an accident.
Carlay customers who travel to Alaska may be eligible for these special rates on their car insurance.
|City||Average Cost||Annual Savings with Carlay|
- Cost to insure your car in Alaska based on the type of car you drive
The type of car you drive has a direct impact on how much it costs to insure your vehicle. Sports cars like Mustangs, Corvettes, and BMWs are more expensive to insure than sedans and compact cars because sports cars have a higher likelihood of being driven recklessly or used in illegal activities like street racing and joyriding. Additionally, certain regions are more prone to crime than others, which can lead to increased rates regardless of what kind of car you own.
Here are some estimates of typical insurance costs for some popular makes and models with and without Carlay:
|Car||Average Cost||Annual Savings with Carlay|
How to Save Money On Car Insurance in Alaska?
If you're looking to save money on car insurance premiums, look beyond just comparing rates. By choosing a company with affordable rates and features you desire, it's possible to get cheap car insurance quotes and reliable coverage for your vehicle. Don't forget to keep all of your information updated as well; sometimes small changes can result in huge savings!
- Shop around for quotes
Don't let average monthly rates be a factor when it comes to saving money on car insurance. By shopping around, you can find a wide range of discounts that may be available to you, many of which are applicable to any driver regardless of where they live or work. Discounts vary based on factors such as your driving record, credit history, and age. By taking advantage of these discount opportunities, you could see significant savings over time.
However, most of us do not relish the task of shopping around for a new insurance policy. That's where Carlay saves you both time and money by helping you cut through the red tape of shopping for insurance. Carlay simplifies your car insurance shopping experience. Instead of having to research car insurance providers in-depth, we've done it for you. Not only will you get multiple quotes from 50 different companies, but Carlay also lets you save money with customer rewards points, which are redeemable for cash off future premiums.
- Look for discounts
The single best way to save money on car insurance is to secure discounts. Do a little bit of research and see if you qualify for any discounts that you're not currently taking advantage of. Make sure that you fully understand what each discount entails before getting it, as different rates are offered based on how often and where you drive, your age, your driving record, credit score, etc.
|Discount||Who is eligible?|
|Good driver discounts||Residents of Alaska are eligible to receive a driver discount if they have no more than one point on their driving record, and have no serious driving infractions. This is a mandated discount by the state, and it will save you up to 10-30 percent on your insurance premium.|
|Bundling discounts||If you have car and home insurance with the same company, you can tie them together and save up to 18% on your premiums.|
|Defensive driver discounts||Drivers who complete a state-approved defensive driving course can usually enjoy a discount on their car insurance. That's especially good news for younger drivers, whose premiums tend to be higher than those of other age groups.|
|Payment and billing discounts||You can save up to 25% on your annual premium if you pay your premium in full, sign up for automatic payments, or enroll in paperless billing.|
|Good student discounts||If you're a young driver, be sure to check with your insurance company about student discounts. If you maintain a B average and are enrolled in school full-time, you may qualify for a discount of up to 25%.|
|Continuous coverage discounts||Companies reward loyalty, and insurance providers may offer discounts—often 5% to 25%—to customers who have been continuously insured for 6 months or more.|
If you're married, own a home, or have an affiliation with certain employers or institutions, you may be eligible for a discount on car insurance premiums in Alaska.
- Increase your deductible
Increasing your deductible - that is, how much you have to pay out of pocket before your insurance kicks in - can significantly reduce your premiums. If you live on a remote or sparsely populated road and are unlikely to ever encounter another driver, consider increasing your deductible from $500 to $1000 and lowering your monthly insurance premium by as much as 15 percent.
Registering Your Car in Alaska
You will need to have the following documentation on hand if you want to register a car in Alaska:
- A driver's license or ID card
- A car title or signed lease agreement
- Proof of insurance
- Proof of sales tax payment
- VIN inspection from a DMV allowed inspector
The DMV is a great resource for registering your car. It'll give you an overview of the documents you'll need to fill out and how to get them. It takes more than just filling out some paperwork, though. You'll have to supply some personal information and details about your vehicle as well.
P.S. If your vehicle is registered in Alaska, you must renew your registration annually.