The Best Home Insurance in Alaska for 2025

Chubb, USAA and State Farm are the best home insurance companies in Alaska, according to our analysis.

To help you find the best home insurance in Alaska, we gathered and analyzed data from insurance companies across the state. These are the insurers that earned 4.5 stars or more.

Rates are based on a sample homeowner with no recent claims, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible.

» MORE: The best home insurance companies

Below are more details about the best homeowners insurance companies in Alaska.

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.

Chubb caters to affluent homeowners, offering coverage other insurers often charge extra for. For example, the company’s policies include extended replacement cost coverage, in case it costs more than your dwelling limit to rebuild after a disaster. Chubb’s standard policies also cover water damage from backed-up sewers and drains.

Chubb policyholders may be eligible for 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

As America’s largest home insurer, State Farm stands out for policies that generally include extra dwelling coverage in case it costs more than expected to rebuild your home. Its long list of coverage options include things like identity theft and water damage from backed-up drains.

Another option may be to add an inflation guard rider to your policy. This automatically increases your policy limits to keep up with rising costs.

» READ MORE: State Farm homeowners insurance review

Country Financial has several levels of coverage to help you build a home insurance policy that meets your needs. You can also add extra coverage for the structure of your home, broader coverage for your belongings, or both.

Country Financial sells homeowners insurance through local representatives. The company draws a very low rate of consumer complaints to state regulators.

» READ MORE: Country Financial homeowners insurance review

Allstate offers lots of ways to customize your policy, including replacement cost coverage for your personal property and coverage for water damage caused by backed-up drains. Other options may include home-sharing coverage and reimbursement for replacing damaged items with energy-efficient versions.

You might 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 when you sign up, plus an additional $100 off for each year you go without filing a claim. If you do file a claim, your rates won’t go up.

» READ MORE: Allstate homeowners insurance review

USAA sells homeowners insurance to active military members, veterans and their families. If that’s you, you may want to consider USAA.

USAA’s homeowners insurance has certain features that many insurers charge extra for. For example, USAA covers your personal belongings on a replacement cost basis

The company also offers some perks for the military, like deductible-free coverage for military uniforms and equipment. USAA will also waive your deductible if your personal property is damaged or lost due to war.

» READ MORE: USAA homeowners insurance review

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.

» MORE: Does your credit score affect home insurance rates?

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.

» MORE: What’s the average cost of homeowners insurance?

Here are the insurers we found with average annual rates below the Alaska average of $1,035.

» MORE: The cheapest homeowners insurance

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 you may need extra coverage for some situations. 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 consider 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 home insurance. 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 flood insurance. You can purchase flood insurance at any time, but be aware 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 don’t always capture all types of flood risk. You may want to check another source, like 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.

» MORE: Home insurance calculator: Estimate your rate

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.

How we rate homeowners insurance

NerdWallet’s star ratings reward companies for consumer-first features and practices. We evaluate factors such as consumer experience, coverage, discounts and financial strength.

In our research, we analyzed:

View our complete homeowners insurance rating methodology.