Cheap Car Insurance in Alaska for 2023

State Farm offers the cheapest car insurance in Alaska, with an average monthly rate of $99 for full coverage.
Ben Moore
By Ben Moore  
Updated

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Table of Contents

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Auto insurance is an important purchase, but finding cheap car insurance in Alaska isn’t always easy. The best way to find cheap car insurance is to compare rates from multiple insurers.

The cheapest car insurance company in Alaska is State Farm at $1,187 per year on average, or $99 per month, according to the most recent NerdWallet analysis of full coverage car insurance rates in Alaska. Meanwhile, the average cost of full coverage car insurance in Alaska is $1,955 per year, or about $163 per month.

Minimum coverage in Alaska is $475 per year on average, but we found you can likely get a cheaper policy. For example, State Farm offers the cheapest rates in Alaska at $305 per year, on average, for minimum coverage car insurance for a 35-year-old driver with a clean driving record.

How we chose the cheapest companies in Alaska

NerdWallet’s editorial team analyzed car insurance rates from 6 auto insurers in Alaska and listed the five cheapest options for drivers in several age brackets and with different histories, all driving a 2020 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.

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate outliers and inaccuracies in pricing data, which include rates from every locale in Alaska where coverage is offered and data is available. When comparing rates for different coverage amounts, ages and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

Cheapest for 20-year-old drivers

Drivers in their 20s may have to get a lot of quotes to find the best 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. Umialik: $2,672 per year, or about $223 per month.
  2. State Farm: $2,770 per year, or about $231 per month.
  3. Geico: $3,522 per year, or about $293 per month.
  4. Allstate: $4,408 per year, or about $367 per month.
  5. Progressive: $4,911 per year, or about $409 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. Umialik: $801 per year, or about $67 per month.
  2. State Farm: $809 per year, or about $67 per month.
  3. Geico: $827 per year, or about $69 per month.
  4. Allstate: $1,209 per year, or about $101 per month.
  5. Progressive: $1,784 per year, or about $149 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: $1,016 per year, or about $85 per month.
  2. Umialik: $1,253 per year, or about $104 per month.
  3. Allstate: $1,295 per year, or about $108 per month.
  4. State Farm: $1,601 per year, or about $133 per month.
  5. Progressive: $2,649 per year, or about $221 per month.

Cheapest auto insurance in Alaska for 20-year-old drivers with one speeding ticket

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

  1. Umialik: $801 per year, or about $67 per month.
  2. State Farm: $924 per year, or about $77 per month.
  3. Geico: $1,012 per year, or about $84 per month.
  4. Allstate: $1,323 per year, or about $110 per month.
  5. Progressive: $2,096 per year, or about $175 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. Umialik: $801 per year, or about $67 per month.
  2. State Farm: $1,042 per year, or about $87 per month.
  3. Geico: $1,187 per year, or about $99 per month.
  4. Allstate: $1,482 per year, or about $124 per month.
  5. Progressive: $2,274 per year, or about $189 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: $801 per year, or about $67 per month.
  2. State Farm: $1,235 per year, or about $103 per month.
  3. Geico: $1,418 per year, or about $118 per month.
  4. Allstate: $1,648 per year, or about $137 per month.
  5. Progressive: $2,016 per year, or about $168 per month.

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

  1. State Farm: $1,216 per year, or about $101 per month.
  2. Umialik: $1,524 per year, or about $127 per month.
  3. Geico: $1,868 per year, or about $156 per month.
  4. Progressive: $2,666 per year, or about $222 per month.
  5. Allstate: $3,744 per year, or about $312 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. State Farm: $309 per year, or about $26 per month.
  2. Geico: $397 per year, or about $33 per month.
  3. Umialik: $411 per year, or about $34 per month.
  4. Allstate: $628 per year, or about $52 per month.
  5. Progressive: $947 per year, or about $79 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: $2,194 per year, or about $183 per month.
  2. State Farm: $2,254 per year, or about $188 per month.
  3. Umialik: $2,300 per year, or about $192 per month.
  4. Allstate: $4,014 per year, or about $334 per month.
  5. Progressive: $4,055 per year, or about $338 per month.

Cheapest auto insurance in Alaska for 30-year-old drivers with one speeding ticket

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

  1. State Farm: $353 per year, or about $29 per month.
  2. Umialik: $411 per year, or about $34 per month.
  3. Geico: $508 per year, or about $42 per month.
  4. Allstate: $700 per year, or about $58 per month.
  5. Progressive: $1,210 per year, or about $101 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: $1,524 per year, or about $127 per month.
  2. State Farm: $1,529 per year, or about $127 per month.
  3. Geico: $2,802 per year, or about $233 per month.
  4. Progressive: $3,766 per year, or about $314 per month.
  5. Allstate: $4,274 per year, or about $356 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: $1,524 per year, or about $127 per month.
  2. State Farm: $1,764 per year, or about $147 per month.
  3. Progressive: $3,216 per year, or about $268 per month.
  4. Geico: $3,581 per year, or about $298 per month.
  5. Allstate: $4,531 per year, or about $378 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: $1,172 per year, or about $98 per month.
  2. Umialik: $1,310 per year, or about $109 per month.
  3. Geico: $1,779 per year, or about $148 per month.
  4. Progressive: $2,516 per year, or about $210 per month.
  5. Allstate: $3,744 per year, or about $312 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. State Farm: $308 per year, or about $26 per month.
  2. Umialik: $335 per year, or about $28 per month.
  3. Geico: $393 per year, or about $33 per month.
  4. Allstate: $628 per year, or about $52 per month.
  5. Progressive: $902 per year, or about $75 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. Umialik: $1,962 per year, or about $163 per month.
  2. Geico: $2,075 per year, or about $173 per month.
  3. State Farm: $2,167 per year, or about $181 per month.
  4. Progressive: $3,863 per year, or about $322 per month.
  5. Allstate: $4,014 per year, or about $334 per month.

Cheapest auto insurance in Alaska for 40-year-old drivers with one speeding ticket

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

  1. Umialik: $335 per year, or about $28 per month.
  2. State Farm: $351 per year, or about $29 per month.
  3. Geico: $494 per year, or about $41 per month.
  4. Allstate: $700 per year, or about $58 per month.
  5. Progressive: $1,163 per year, or about $97 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: $1,310 per year, or about $109 per month.
  2. State Farm: $1,473 per year, or about $123 per month.
  3. Geico: $2,651 per year, or about $221 per month.
  4. Progressive: $3,616 per year, or about $301 per month.
  5. Allstate: $4,274 per year, or about $356 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: $1,310 per year, or about $109 per month.
  2. State Farm: $1,700 per year, or about $142 per month.
  3. Progressive: $3,062 per year, or about $255 per month.
  4. Geico: $3,432 per year, or about $286 per month.
  5. Allstate: $4,531 per year, or about $378 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 cheap auto 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. State Farm: $1,130 per year, or about $94 per month.
  2. Umialik: $1,184 per year, or about $99 per month.
  3. Geico: $1,741 per year, or about $145 per month.
  4. Progressive: $2,267 per year, or about $189 per month.
  5. Allstate: $3,288 per year, or about $274 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. State Farm: $300 per year, or about $25 per month.
  2. Umialik: $302 per year, or about $25 per month.
  3. Geico: $392 per year, or about $33 per month.
  4. Allstate: $551 per year, or about $46 per month.
  5. Progressive: $828 per year, or about $69 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. Umialik: $1,767 per year, or about $147 per month.
  2. Geico: $2,040 per year, or about $170 per month.
  3. State Farm: $2,084 per year, or about $174 per month.
  4. Progressive: $3,485 per year, or about $290 per month.
  5. Allstate: $3,535 per year, or about $295 per month.

Cheapest auto insurance in Alaska for 50-year-old drivers with one speeding ticket

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

  1. Umialik: $302 per year, or about $25 per month.
  2. State Farm: $343 per year, or about $29 per month.
  3. Geico: $489 per year, or about $41 per month.
  4. Allstate: $619 per year, or about $52 per month.
  5. Progressive: $1,130 per year, or about $94 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: $1,184 per year, or about $99 per month.
  2. State Farm: $1,422 per year, or about $118 per month.
  3. Geico: $2,580 per year, or about $215 per month.
  4. Progressive: $3,517 per year, or about $293 per month.
  5. Allstate: $3,784 per year, or about $315 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: $1,184 per year, or about $99 per month.
  2. State Farm: $1,639 per year, or about $137 per month.
  3. Progressive: $2,825 per year, or about $235 per month.
  4. Geico: $3,382 per year, or about $282 per month.
  5. Allstate: $4,046 per year, or about $337 per month.

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 car 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. State Farm: $1,061 per year, or about $88 per month.
  2. Umialik: $1,097 per year, or about $91 per month.
  3. Geico: $1,640 per year, or about $137 per month.
  4. Progressive: $2,232 per year, or about $186 per month.
  5. Allstate: $3,286 per year, or about $274 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. State Farm: $280 per year, or about $23 per month.
  2. Umialik: $286 per year, or about $24 per month.
  3. Geico: $385 per year, or about $32 per month.
  4. Allstate: $557 per year, or about $46 per month.
  5. Progressive: $832 per year, or about $69 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. Umialik: $1,633 per year, or about $136 per month.
  2. State Farm: $1,947 per year, or about $162 per month.
  3. Geico: $2,016 per year, or about $168 per month.
  4. Progressive: $3,421 per year, or about $285 per month.
  5. Allstate: $3,531 per year, or about $294 per month.

Cheapest auto insurance in Alaska for 60-year-old drivers with one speeding ticket

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

  1. Umialik: $286 per year, or about $24 per month.
  2. State Farm: $320 per year, or about $27 per month.
  3. Geico: $523 per year, or about $44 per month.
  4. Allstate: $626 per year, or about $52 per month.
  5. Progressive: $1,136 per year, or about $95 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: $1,097 per year, or about $91 per month.
  2. State Farm: $1,334 per year, or about $111 per month.
  3. Geico: $2,625 per year, or about $219 per month.
  4. Progressive: $3,484 per year, or about $290 per month.
  5. Allstate: $3,781 per year, or about $315 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: $1,097 per year, or about $91 per month.
  2. State Farm: $1,537 per year, or about $128 per month.
  3. Progressive: $2,789 per year, or about $232 per month.
  4. Geico: $3,427 per year, or about $286 per month.
  5. Allstate: $4,044 per year, or about $337 per month.

Cheapest for 70-year-old drivers

Car insurance costs may start to rise for 70-year-old drivers. To find the cheapest possible coverage, shop around and compare quotes from multiple companies. Also, look for insurers that offer discounts for seniors. For example, some insurers offer discounts to senior drivers who take a defensive driving course.

Cheapest full coverage car insurance in Alaska for 70-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. State Farm: $1,130 per year, or about $94 per month.
  2. Umialik: $1,309 per year, or about $109 per month.
  3. Geico: $1,852 per year, or about $154 per month.
  4. Progressive: $2,627 per year, or about $219 per month.
  5. Allstate: $3,598 per year, or about $300 per month.

Cheapest minimum coverage car insurance in Alaska for 70-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. State Farm: $306 per year, or about $25 per month.
  2. Umialik: $373 per year, or about $31 per month.
  3. Geico: $452 per year, or about $38 per month.
  4. Allstate: $662 per year, or about $55 per month.
  5. Progressive: $1,003 per year, or about $84 per month.

Cheapest auto insurance in Alaska for 70-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. Umialik: $1,963 per year, or about $164 per month.
  2. State Farm: $2,084 per year, or about $174 per month.
  3. Geico: $2,196 per year, or about $183 per month.
  4. Allstate: $3,934 per year, or about $328 per month.
  5. Progressive: $4,000 per year, or about $333 per month.

Cheapest auto insurance in Alaska for 70-year-old drivers with one speeding ticket

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

  1. State Farm: $349 per year, or about $29 per month.
  2. Umialik: $373 per year, or about $31 per month.
  3. Geico: $617 per year, or about $51 per month.
  4. Allstate: $758 per year, or about $63 per month.
  5. Progressive: $1,427 per year, or about $119 per month.

Cheapest auto insurance in Alaska for 70-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: $1,309 per year, or about $109 per month.
  2. State Farm: $1,424 per year, or about $119 per month.
  3. Geico: $2,939 per year, or about $245 per month.
  4. Progressive: $4,197 per year, or about $350 per month.
  5. Allstate: $4,274 per year, or about $356 per month.

Cheapest auto insurance in Alaska for 70-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: $1,309 per year, or about $109 per month.
  2. State Farm: $1,645 per year, or about $137 per month.
  3. Progressive: $3,520 per year, or about $293 per month.
  4. Geico: $3,750 per year, or about $312 per month.
  5. Allstate: $4,511 per year, or about $376 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 70 of the 70 driver profiles we examined.

» MORE: Best car insurance for veterans and military

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.

» MORE: The best home insurance in Alaska

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 2020 Toyota Camry L for all drivers and assumed 12,000 annual miles driven.

We analyzed rates for drivers 20 to 70 years old in ten-year increments. For the average cost of full and minimum coverage in each state, we looked at 35-year-old drivers.

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. Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.

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