The Cheapest Car Insurance in Alaska for 2022

NerdWallet analyzed auto insurance rates to find you the cheapest car insurance in Alaska or a variety of ages and driving histories.
Dec 10, 2021

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Auto insurance is an important purchase, but finding cheap car insurance in Alaska isn’t always easy. That’s why it’s important to compare rates from multiple insurers.

The average cost of full coverage car insurance in Alaska is $1,344 per year, or about $112 per month, according to NerdWallet’s analysis. Minimum coverage in Alaska is $418 per year on average, but we found you can likely get a cheaper policy. For example, Geico offers the cheapest rates in Alaska at $274 per year, on average, for minimum coverage car insurance for a 35-year-old driver with a clean driving record.

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Cheapest car insurance company overall in Alaska

$93/month

5.0

NerdWallet rating 

Cheapest for minimum coverage

$23/month

4.5

NerdWallet rating 

Cheapest for young drivers

$188/month

4.5

NerdWallet rating 

Cheapest for drivers with poor credit

$93/month

4.5

NerdWallet rating 

How we chose the cheapest companies in Alaska

NerdWallet’s editorial team analyzed car insurance rates from six auto insurers in Alaska and found the five cheapest options for drivers in several age brackets and with different histories, all driving a 2019 Toyota Camry L. For minimum coverage, we looked at rates that reflect the minimum requirements in Alaska. For full coverage, we used the below coverage limits:

  • $100,000 bodily injury liability per person.

  • $300,000 bodily injury liability per accident.

  • $50,000 property damage liability per accident.

  • $100,000 uninsured motorist coverage per person.

  • $300,000 uninsured motorist coverage per accident.

  • Collision coverage with a $1,000 deductible.

  • Comprehensive coverage with a $1,000 deductible.

Cheapest for 20-year-old drivers

Drivers in their 20s may have to get a lot of quotes to find cheap car insurance. Prices can be sky-high for younger 20-somethings, but tend to come down as drivers get more experience on the road. Still, some companies routinely have better insurance rates for young drivers, so it's best to shop around to find them.

Cheapest full coverage car insurance in Alaska for 20-year-olds

Drivers in Alaska with clean driving records may want to consider the following companies, which had the lowest average rates:

  1. Geico: $2,252 per year, or about $188 per month.

  2. State Farm: $2,357 per year, or about $196 per month.

  3. Umialik: $2,365 per year, or about $197 per month.

  4. Progressive: $3,326 per year, or about $277 per month.

  5. Allstate: $3,569 per year, or about $297 per month.

Cheapest minimum coverage car insurance in Alaska for 20-year-olds

Drivers in Alaska who want just the state minimum coverage may want to check with these companies, which had the lowest average rates:

  1. Geico: $598 per year, or about $50 per month.

  2. State Farm: $660 per year, or about $55 per month.

  3. Umialik: $750 per year, or about $62 per month.

  4. Allstate: $1,096 per year, or about $91 per month.

  5. Progressive: $1,299 per year, or about $108 per month.

Cheapest auto insurance in Alaska for 20-year-olds with poor credit

Drivers with poor credit in Alaska should look at the following insurers with the lowest average rates for minimum coverage:

  1. Geico: $598 per year, or about $50 per month.

  2. Umialik: $1,174 per year, or about $98 per month.

  3. Allstate: $1,230 per year, or about $102 per month.

  4. State Farm: $1,308 per year, or about $109 per month.

  5. Progressive: $1,909 per year, or about $159 per month.

Cheapest auto insurance in Alaska for 20-year-old drivers with one at-fault crash

For drivers with a recent accident in Alaska, here are the companies with the lowest average rates for minimum coverage:

  1. Geico: $707 per year, or about $59 per month.

  2. Umialik: $750 per year, or about $62 per month.

  3. State Farm: $864 per year, or about $72 per month.

  4. Allstate: $1,356 per year, or about $113 per month.

  5. Progressive: $1,643 per year, or about $137 per month.

Cheapest auto insurance in Alaska for 20-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI is shown here, alongside the insurers' average rates for minimum coverage.

  1. Umialik: $750 per year, or about $62 per month.

  2. State Farm: $1,025 per year, or about $85 per month.

  3. Geico: $1,061 per year, or about $88 per month.

  4. Allstate: $1,484 per year, or about $124 per month.

  5. Progressive: $1,529 per year, or about $127 per month.

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Cheapest for 30-year-old drivers

By the time they reach their 30s, most drivers will enjoy cheaper car insurance rates than in their teens and 20s. Still, factors like a person’s driving record and car make and model can increase prices. Drivers in their 30s can get lower rates by shopping around and taking advantage of any car insurance discounts.

Cheapest full coverage car insurance in Alaska for 30-year-olds

Drivers in Alaska with clean driving records may get the lowest rates from these companies:

  1. Geico: $1,133 per year, or about $94 per month.

  2. State Farm: $1,141 per year, or about $95 per month.

  3. Umialik: $1,361 per year, or about $113 per month.

  4. Progressive: $1,531 per year, or about $128 per month.

  5. Allstate: $1,708 per year, or about $142 per month.

Cheapest minimum coverage car insurance in Alaska for 30-year-olds

Drivers in Alaska who want their state's minimum coverage can check with the following companies, which had the lowest average rates:

  1. Geico: $274 per year, or about $23 per month.

  2. State Farm: $292 per year, or about $24 per month.

  3. Umialik: $384 per year, or about $32 per month.

  4. Allstate: $595 per year, or about $50 per month.

  5. Progressive: $602 per year, or about $50 per month.

Cheapest auto insurance in Alaska for 30-year-olds with poor credit

Drivers with poor credit in Alaska should consider the following companies with the lowest average rates for full coverage:

  1. Geico: $1,193 per year, or about $99 per month.

  2. Umialik: $2,044 per year, or about $170 per month.

  3. State Farm: $2,111 per year, or about $176 per month.

  4. Allstate: $2,169 per year, or about $181 per month.

  5. Progressive: $2,338 per year, or about $195 per month.

Cheapest auto insurance in Alaska for 30-year-old drivers with one at-fault crash

For drivers in Alaska with a recent accident, here are the lowest average rate options for full coverage:

  1. Umialik: $1,361 per year, or about $113 per month.

  2. State Farm: $1,444 per year, or about $120 per month.

  3. Geico: $1,850 per year, or about $154 per month.

  4. Progressive: $2,639 per year, or about $220 per month.

  5. Allstate: $3,081 per year, or about $257 per month.

Cheapest auto insurance in Alaska for 30-year-old drivers after a DUI

For the cheapest auto insurance after a DUI, we found the following options for full coverage.

  1. Umialik: $1,361 per year, or about $113 per month.

  2. State Farm: $1,660 per year, or about $138 per month.

  3. Progressive: $1,846 per year, or about $154 per month.

  4. Allstate: $2,312 per year, or about $193 per month.

  5. Geico: $2,952 per year, or about $246 per month.

Cheapest for 40-year-old drivers

Drivers in their 40s tend to have better insurance rates than their younger counterparts on average, but still pay more than older age groups. Shopping around for cheap car insurance quotes with multiple insurers is the best way to find lower rates. Good drivers who don’t get behind the wheel often might want to consider pay-per-mile insurance, which charges drivers by how many miles they drive.

Cheapest full coverage car insurance in Alaska for 40-year-olds

Drivers in Alaska with clean driving records may want to think about the following companies, which had the lowest average rates:

  1. State Farm: $1,111 per year, or about $93 per month.

  2. Geico: $1,133 per year, or about $94 per month.

  3. Umialik: $1,171 per year, or about $98 per month.

  4. Progressive: $1,489 per year, or about $124 per month.

  5. Allstate: $1,708 per year, or about $142 per month.

Cheapest minimum coverage car insurance in Alaska for 40-year-olds

Drivers in Alaska who want just the minimum coverage may want to check prices from these companies, which had the lowest average rates:

  1. Geico: $274 per year, or about $23 per month.

  2. State Farm: $292 per year, or about $24 per month.

  3. Umialik: $314 per year, or about $26 per month.

  4. Progressive: $586 per year, or about $49 per month.

  5. Allstate: $595 per year, or about $50 per month.

Cheapest auto insurance in Alaska for 40-year-olds with poor credit

Drivers with poor credit in Alaska can check out the following insurers with the lowest average rates for full coverage:

  1. Geico: $1,193 per year, or about $99 per month.

  2. Umialik: $1,747 per year, or about $146 per month.

  3. State Farm: $2,052 per year, or about $171 per month.

  4. Allstate: $2,169 per year, or about $181 per month.

  5. Progressive: $2,297 per year, or about $191 per month.

Cheapest auto insurance in Alaska for 40-year-old drivers with one at-fault crash

For drivers with a recent accident living in Alaska, here are the companies with the lowest average rates for full coverage:

  1. Umialik: $1,171 per year, or about $98 per month.

  2. State Farm: $1,406 per year, or about $117 per month.

  3. Geico: $1,850 per year, or about $154 per month.

  4. Progressive: $2,586 per year, or about $216 per month.

  5. Allstate: $3,081 per year, or about $257 per month.

Cheapest auto insurance in Alaska for 40-year-old drivers after a DUI

The cheapest full coverage auto insurance we found for drivers with a DUI came from the following companies.

  1. Umialik: $1,171 per year, or about $98 per month.

  2. State Farm: $1,616 per year, or about $135 per month.

  3. Progressive: $1,804 per year, or about $150 per month.

  4. Allstate: $2,312 per year, or about $193 per month.

  5. Geico: $3,106 per year, or about $259 per month.

Cheapest for 50-year-old drivers

Drivers in their 50s have cheaper car insurance rates than most other age groups on average. Prices will continue to drop as they inch toward their 60s and gain more driving experience. Rates can still vary depending on other factors such as a driver’s gender and location, so it’s smart to shop around to find the best rate. Our list of the best cheap car insurance companies is a good place to start.

Cheapest full coverage car insurance in Alaska for 50-year-olds

Drivers in Alaska with clean driving records may want to get quotes from these insurers, which had the lowest average rates:

  1. Geico: $975 per year, or about $81 per month.

  2. Umialik: $1,046 per year, or about $87 per month.

  3. State Farm: $1,086 per year, or about $90 per month.

  4. Progressive: $1,331 per year, or about $111 per month.

  5. Allstate: $1,585 per year, or about $132 per month.

Cheapest minimum coverage car insurance in Alaska for 50-year-olds

Drivers in Alaska who opt for the state minimum coverage may want to consider the following companies, with the lowest average rates:

  1. Geico: $232 per year, or about $19 per month.

  2. Umialik: $282 per year, or about $24 per month.

  3. State Farm: $286 per year, or about $24 per month.

  4. Progressive: $547 per year, or about $46 per month.

  5. Allstate: $556 per year, or about $46 per month.

Cheapest auto insurance in Alaska for 50-year-olds with poor credit

Drivers with poor credit in Alaska can check with the following companies, which showed the lowest average rates for full coverage:

  1. Geico: $1,028 per year, or about $86 per month.

  2. Umialik: $1,552 per year, or about $129 per month.

  3. Allstate: $1,975 per year, or about $165 per month.

  4. State Farm: $2,004 per year, or about $167 per month.

  5. Progressive: $2,049 per year, or about $171 per month.

Cheapest auto insurance in Alaska for 50-year-old drivers with one at-fault crash

For drivers living in Alaska with a recent accident, here are the insurers with the lowest average full coverage rates:

  1. Umialik: $1,046 per year, or about $87 per month.

  2. State Farm: $1,377 per year, or about $115 per month.

  3. Geico: $1,675 per year, or about $140 per month.

  4. Progressive: $2,498 per year, or about $208 per month.

  5. Allstate: $2,905 per year, or about $242 per month.

Cheapest auto insurance in Alaska for 50-year-old drivers after a DUI

The cheapest auto insurance we found for drivers with a recent DUI comes from the following companies, listed with rates for full coverage.

  1. Umialik: $1,046 per year, or about $87 per month.

  2. State Farm: $1,583 per year, or about $132 per month.

  3. Progressive: $1,637 per year, or about $136 per month.

  4. Allstate: $2,143 per year, or about $179 per month.

  5. Geico: $2,932 per year, or about $244 per month.

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Cheapest for 60-year-old drivers

Although 60-year-olds have cheaper car insurance rates than many other age groups on average, prices will start increasing as they get older. To find cheap auto insurance for seniors, drivers in their 60s should make sure to shop around to find the best rate. Drivers in this age group should also take advantage of any available discounts for senior citizens.

Cheapest full coverage car insurance in Alaska for 60-year-olds

Drivers in Alaska with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:

  1. Umialik: $971 per year, or about $81 per month.

  2. Geico: $975 per year, or about $81 per month.

  3. State Farm: $1,034 per year, or about $86 per month.

  4. Progressive: $1,269 per year, or about $106 per month.

  5. Allstate: $1,584 per year, or about $132 per month.

Cheapest minimum coverage car insurance in Alaska for 60-year-olds

Drivers in Alaska who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:

  1. Geico: $232 per year, or about $19 per month.

  2. Umialik: $268 per year, or about $22 per month.

  3. State Farm: $272 per year, or about $23 per month.

  4. Progressive: $534 per year, or about $44 per month.

  5. Allstate: $562 per year, or about $47 per month.

Cheapest auto insurance in Alaska for 60-year-olds with poor credit

Drivers with poor credit in Alaska can look at the following companies with the lowest average rates for full coverage:

  1. Geico: $975 per year, or about $81 per month.

  2. Umialik: $1,435 per year, or about $120 per month.

  3. State Farm: $1,900 per year, or about $158 per month.

  4. Progressive: $1,947 per year, or about $162 per month.

  5. Allstate: $1,972 per year, or about $164 per month.

Cheapest auto insurance in Alaska for 60-year-old drivers with one at-fault crash

For drivers with a recent accident living in Alaska, here are the companies with the lowest average rates for full coverage:

  1. Umialik: $971 per year, or about $81 per month.

  2. State Farm: $1,310 per year, or about $109 per month.

  3. Geico: $1,766 per year, or about $147 per month.

  4. Allstate: $2,240 per year, or about $187 per month.

  5. Progressive: $2,422 per year, or about $202 per month.

Cheapest auto insurance in Alaska for 60-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI came from the following companies, shown with their average rates for full coverage.

  1. Umialik: $971 per year, or about $81 per month.

  2. State Farm: $1,505 per year, or about $125 per month.

  3. Progressive: $1,571 per year, or about $131 per month.

  4. Allstate: $2,143 per year, or about $179 per month.

  5. Geico: $2,644 per year, or about $220 per month.

Cheapest car insurance for military families

If you're an active member of the military or a veteran — or have an immediate family member who is — chances are you'll get a relatively cheap rate with USAA, a company that isn't available to the general public.

Because of that restriction, USAA isn't ranked with the others, but it was among the cheapest three auto insurance options for 42 of the 48 driver profiles we examined.

Minimum car insurance requirements in Alaska

Alaska car insurance policies must include liability insurance, which covers others’ property damage and injuries if you cause a crash.

Here are the minimum liability insurance limits you must select in Alaska:

  • $50,000 bodily injury liability per person.

  • $100,000 bodily injury liability per crash.

  • $25,000 property damage liability per crash.

If you live in an area in Alaska where vehicle registrations aren’t required, car insurance is optional. You can find a list of those areas through Alaska’s state website.

Note that drivers with six or more violation points on their record within the past five years need liability insurance regardless of where they live.

Even if car insurance isn’t required for you, it’s usually a wise purchase. After all, if you cause a crash and don’t have coverage, you could end up having to pay for others’ injury treatment and property damage out of pocket.

For more details on how your coverage options and limits work, visit NerdWallet’s guide to minimum car insurance requirements by state.

Alternative car insurance for high-risk drivers

If you’re denied car insurance on the voluntary market — because of past crashes or violations, a gap in your insurance or other reasons — you can apply for a policy through the Alaska Automobile Insurance Plan.

For more help getting cheap car insurance in Alaska, try NerdWallet’s car insurance comparison tool.

Methodology

For our “good driver” profile, NerdWallet averaged insurance estimates for single male and female drivers with good credit and no tickets or violations. The analysis included 5-10 of the largest insurance companies in each state; smaller insurers were also included when rates were available. Liberty Mutual and its subsidiaries were excluded from our analysis as rates were not available.

For full coverage policies, we used the following coverage limits:

  • $100,000 bodily injury liability per person.

  • $300,000 bodily injury liability per accident.

  • $50,000 property damage liability per accident.

  • $100,000 uninsured motorist coverage per person.

  • $300,000 uninsured motorist coverage per accident.

  • Collision coverage with a $1,000 deductible.

  • Comprehensive coverage with a $1,000 deductible.

In states where required, minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion.

We used a 2019 Toyota Camry L for all drivers and assumed 12,000 annual miles driven.

We analyzed rates for drivers 20 to 60 years old in ten-year increments.

We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with minimum coverage, we adjusted the numbers above to reflect the minimum required coverage by law in the state.

  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for drivers with poor credit.

  • For drivers with one at-fault crash, we added a single at-fault crash that happened six months ago, resulting in $10,000 in property damage and no bodily injury claim.

  • For drivers with a DUI, we added a single drunken driving violation that happened six months ago.

We looked at 35-year-old drivers to find the cheapest company overall, the cheapest company for minimum coverage and the cheapest company for drivers with poor credit in states where credit history is used to price rates. We looked at 20-year-old drivers to find the cheapest company for young drivers.

These are rates generated through Quadrant Information Services. Your own rates will be different.

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