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More than 270 million rates analyzed by our team of specialists.
More than 50 insurance companies analyzed in all 50 states and Washington D.C. (See our top picks.)
Country Financial and Chubb are among the best home insurance companies in Alaska, according to our analysis.
We analyzed data from more than 30 insurance companies to help you find the best home insurance in Alaska. Below are the insurers that earned 4.5 stars or more in our analysis.
Rates are based on a sample homeowner with good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible.
Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.
Company | NerdWallet star rating | Average annual rate |
|---|---|---|
Not available | ||
$1,030 | ||
$1,815 | ||
$1,055 | ||
USAA* | $920 | |
*USAA homeowners policies are available only to active military, veterans and their families. | ||
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Answer a few questions to see custom quotes and find the right policy for you.The best home insurance companies in Alaska
Here's more information about the best homeowners insurance companies in Alaska.
Chubb
Perks and high coverage limits for affluent homeowners.- Significantly fewer consumer complaints than expected for a company of its size.
- Standard coverage includes features that many companies offer only as extras.
- Large number of potential discounts.
- Most consumers aren't able to get a quote online and will instead need to contact a local agent.
Chubb generally serves affluent policyholders with high-value homes, offering lofty coverage limits and plenty of perks. For example, the company covers water damage from backed-up sewers and drains, and pays to bring your home up to the latest building codes during reconstruction after a claim. (Many insurers charge more for these types of coverage.)
Chubb policyholders may also be able to take advantage of the company’s HomeScan service, which uses infrared cameras to look for problems behind the walls of your home.
» READ MORE: Chubb homeowners insurance review
Country Financial
Best for those who prefer to have a personal conversation with an agent when choosing coverage.- Far fewer complaints than expected for a company of its size.
- Many discounts and coverage options available.
- Can get an online quote but must finish the purchase over the phone.
Country Financial has multiple levels of homeowners coverage to help you choose the package that’s best for you. You also have the option to add extra coverage for the structure of your home, in case the cost of rebuilding exceeds your policy limit.
Country Financial sells homeowners insurance through local representatives. The company has drawn far fewer complaints than expected to state regulators.
» READ MORE: Country Financial homeowners insurance review
Allstate
Widely available across the U.S. with lots of ways to customize your policy.- Lots of discounts to help you save.
- Home-sharing coverage available.
- Many ways to customize your coverage.
- Ranked below average in J.D. Power’s 2024 U.S. Home Insurance Study.
Allstate offers many ways to customize your policy, including replacement cost coverage for your personal property and coverage for water damage caused by backed-up drains. Other, less common options may include home-sharing coverage and reimbursement for replacing damaged items with energy-efficient versions.
You may also be able to upgrade your policy with the Enhanced Package. One benefit of this package is Deductible Rewards, which takes $100 off your deductible for signing up, plus an additional $100 off for each year you go claim-free. And if you do file a claim, your rates won’t go up.
» READ MORE: Allstate homeowners insurance review
State Farm
Well-established insurer with a lengthy list of coverage options.- User-friendly website.
- Agents offer personalized service.
- Policies generally include extra coverage for your home’s structure.
- Advertises fewer discounts than some other insurers.
As America’s largest home insurer, State Farm stands out for its long list of coverage options. Its policies generally include extra dwelling coverage in case it costs more than expected to rebuild your home after a covered disaster. You may also be able to add coverage for things like identity theft, damage from backed-up drains and personal injury liability.
One useful endorsement you may be able to add to a State Farm policy is an inflation guard rider, which automatically increases your policy limits to make sure your coverage doesn’t fall short.
» READ MORE: State Farm homeowners insurance review
USAA
Offers perks and affordable rates for the military community.- Policies include standard coverage that often costs extra elsewhere.
- Far fewer customer complaints to state regulators than expected for a company of its size.
- Rates are below the national average, according to NerdWallet’s analysis.
- Available only to active military members, veterans and their families.
USAA sells homeowners insurance to veterans, active military members and their families. If that description fits you, you may want to consider a USAA policy. That’s because the company’s homeowners insurance has certain features that other insurers may charge extra for.
For example, USAA automatically covers your personal belongings on a replacement cost basis. Many companies pay out only what your items are worth at the time of the claim, which means you may not get much for older items. USAA pays enough for you to buy brand-new replacements for your stuff.
» READ MORE: USAA homeowners insurance review
How much does homeowners insurance cost in Alaska?
The average annual cost of home insurance in Alaska is $1,035. That’s 51% less than the national average of $2,110.
In most U.S. states, including Alaska, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.
In Alaska, those with poor credit pay an average of $1,930 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s 86% more than those with good credit.
Average cost of homeowners insurance in Alaska by city
How much you pay for homeowners insurance in Alaska depends on where you live. For instance, the average cost of home insurance in Anchorage is $995 per year, while homeowners in Fairbanks pay $1,170 per year, on average.
City | Average annual rate | Average monthly rate |
|---|---|---|
Anchorage | $995 | $83 |
Barrow | $1,325 | $110 |
Bethel | $1,070 | $89 |
Big Lake | $1,090 | $91 |
Chugiak | $1,060 | $88 |
Delta Junction | $1,165 | $97 |
Eagle River | $1,010 | $84 |
Fairbanks | $1,170 | $98 |
Ft. Wainwright | $1,160 | $97 |
Homer | $950 | $79 |
JBER | $1,065 | $89 |
Juneau | $945 | $79 |
Kenai | $1,080 | $90 |
Ketchikan | $935 | $78 |
Kodiak | $1,025 | $85 |
Nome | $1,120 | $93 |
North Pole | $1,140 | $95 |
Palmer | $1,000 | $83 |
Seward | $1,055 | $88 |
Sitka | $855 | $71 |
Soldotna | $1,040 | $87 |
Sterling | $1,015 | $85 |
Unalaska | $1,075 | $90 |
Valdez | $1,055 | $88 |
Wasilla | $1,005 | $84 |
The cheapest home insurance in Alaska
Here are the insurers we found with average annual rates below the Alaska average of $1,035.
Company | NerdWallet star rating | Average annual rate |
|---|---|---|
Umialik | Not rated | $1,020 |
$1,030 | ||
USAA* | $920 | |
*USAA homeowners policies are available only to active military, veterans and their families. | ||
Common risks for Alaska homeowners
Here are a few of the most common risks you may face as an Alaska homeowner, along with steps you can take to insure your home against them.
Winter storms and freezing temperatures
Homeowners insurance generally covers damage caused by winter storms, but some scenarios may require extra coverage. For instance, you’ll typically need separate flood insurance to cover water damage caused by snowmelt.
Earthquakes
Standard homeowners insurance policies don't cover structural damage caused by earthquakes. If you live in an area with higher risk, you may want to buy additional earthquake insurance.
Earthquake insurance often has a separate deductible, which can be around 10% of the coverage on your policy. For example, if you have a 10% deductible on $200,000 of coverage, you would need to pay $20,000 for earthquake damage before your insurance covers anything.
Wildfires
Homeowners insurance usually covers damage from fire, including wildfires, but read your policy in case it has exclusions. See our guide to wildfire insurance.
Volcanic activity
Volcanic damage is generally covered by standard home insurance policies. For example, if the weight of volcanic ash caused your roof to collapse, your policy would likely cover the damage, minus your deductible.
Flooding
Homeowners insurance typically doesn't cover flood damage, so if you live in an at-risk area, you may need to buy separate flood insurance. Be aware that while you can purchase flood insurance at any time, there’s often a 30-day waiting period before the coverage takes effect.
To check your flood risk, start by looking up your address on the Federal Emergency Management Agency's flood maps. However, FEMA’s maps can be outdated and don’t always capture all types of flood risk. Another source to check is First Street, a private company that models climate hazards. Enter your address at the top of the page to see your home’s flood risk rating on a scale of 1 to 10.
Alaska insurance department
The Alaska Division of Insurance oversees the state’s insurance industry. You can find consumer resources on its site or call 907-269-7900 for personalized assistance. If you need to file a complaint against your home insurance company, you can do so online, by fax or by mail.
- Looking for more insurance in Alaska?
- Find home insurance in other states
Amanda Shapland contributed to this story.
Frequently asked questions
Is homeowners insurance required in Alaska?
Is homeowners insurance required in Alaska?
Home insurance isn't legally required in Alaska. However, your lender may require you to buy it. For more information, read Is Homeowners Insurance Required?
Does Alaska home insurance cover earthquakes?
Does Alaska home insurance cover earthquakes?
Alaska home insurance generally doesn't cover damage caused by earthquakes. Consider buying separate earthquake insurance if you’re concerned about seismic activity.
How can I save money on homeowners insurance in Alaska?
How can I save money on homeowners insurance in Alaska?
There are several ways to save money on home insurance in Alaska:
Shop around to make sure you’re getting the best rate.
Choose a higher deductible. In case of any claims, you’ll pay more out of pocket, but your premiums will be lower.
Bundle your home and auto insurance for a lower overall rate. See the best home and auto insurance bundles.
Ask your insurer if you qualify for any home insurance discounts.
Homeowners insurance rates methodology
NerdWallet calculated median rates for 40-year-old homeowners from various insurance companies in the 25 largest cities in each U.S. state by population. All rates are rounded to the nearest $5.
Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1984. They had a $1,000 deductible and the following coverage limits:
$300,000 in dwelling coverage.
$30,000 in other structures coverage.
$150,000 in personal property coverage.
$60,000 in loss of use coverage.
$300,000 in liability coverage.
$1,000 in medical payments coverage.
We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available.
We changed the credit tier from “good” to “poor,” as reported to the insurer, to see rates for homeowners with poor credit.
These are sample rates generated through Quadrant Information Services. Your own rates will be different.
Star rating methodology
NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts and online experience. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our full homeowners insurance rating methodology.
Complaint methodology
NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2021-2023. To assess how insurers compare with one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.
