The Best Home Insurance in Alaska for 2024
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
The average cost of homeowners insurance in Alaska is $1,160 per year, or about $97 per month, according to a NerdWallet analysis. For comparison, the national average is $1,915 per year.
NerdWallet analyzed data from numerous insurance companies to help you find the best home insurance in Alaska in the following categories:
Best for affordability and coverage: State Farm.
Best for consumer experience: Country Financial.
The rates in our analysis are estimates based on many factors, so your rate may differ.
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. Even if an insurer serves your state, it may not write policies for all homes in all areas.
Best homeowners insurance in Alaska for affordability and coverage: State Farm
Coverage options
Discounts
NAIC complaints
State Farm
Coverage options
Discounts
NAIC complaints
In Alaska, the average annual premium for State Farm is $975, which is below the state average of $1,160.
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.
State Farm is a great choice for homeowners who like to work directly with a representative, as the company sells policies through a wide network of agents. And its attention to customer service has paid off; the company has fewer customer complaints to state regulators than expected for a company of its size.
Learn more with our State Farm homeowners insurance review.
Best homeowners insurance in Alaska for consumer experience: Country Financial
Country Financial
Coverage options
Discounts
NAIC complaints
Country Financial
Coverage options
Discounts
NAIC complaints
Country Financial is strong when it comes to customer service, drawing far fewer complaints than expected to state regulators. The company has three different 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 inflation drives up the cost of rebuilding more than you expect.
Country Financial sells homeowners insurance through local representatives.
Learn more with our Country Financial homeowners insurance review.
Full list of the best homeowners insurance in Alaska
NerdWallet analyzed home insurance companies across the state to find the best home insurance in Alaska. Here are all of the insurers that received a NerdWallet star rating of 4.5 or higher:
Company | NerdWallet star rating | Average annual rate |
|---|---|---|
Not available | ||
$1,030 | ||
$975 | ||
USAA* | $1,435 | |
*USAA homeowners policies are available only to active military, veterans and their families. | ||
How much does homeowners insurance cost in Alaska?
The average annual cost of home insurance in Alaska is $1,160. That’s 39% less than the national average of $1,915.
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 $1,770 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s 53% 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 $1,030 per year, while homeowners in Fairbanks pay $1,170 per year, on average.
City | Average annual rate | Average monthly rate |
|---|---|---|
Anchorage | $1,030 | $86 |
Barrow | $2,025 | $169 |
Bethel | $1,100 | $92 |
Big Lake | $1,375 | $115 |
Chugiak | $1,160 | $97 |
Delta Junction | $1,475 | $123 |
Eagle River | $1,055 | $88 |
Fairbanks | $1,170 | $98 |
Fort Wainwright | $1,235 | $103 |
Homer | $1,215 | $101 |
JBER | $1,410 | $118 |
Juneau | $1,130 | $94 |
Kenai | $1,210 | $101 |
Ketchikan | $1,095 | $91 |
Kodiak | $1,100 | $92 |
Nome | $1,170 | $98 |
North Pole | $1,135 | $95 |
Palmer | $1,060 | $88 |
Seward | $1,155 | $96 |
Sitka | $1,100 | $92 |
Soldotna | $1,210 | $101 |
Sterling | $1,260 | $105 |
Unalaska | $1,090 | $91 |
Valdez | $1,100 | $92 |
Wasilla | $1,205 | $100 |
The cheapest home insurance in Alaska
Here are the insurers we found with average annual rates below the Alaska average of $1,160.
Company | NerdWallet star rating | Average annual rate |
|---|---|---|
$975 | ||
$1,030 | ||
Umialik | Not rated | $1,090 |
What to know about Alaska homeowners insurance
You may face certain risks when living in Alaska. Here are a few of the most common, along with steps you can take to insure your home properly against them.
Winter storms and freezing temperatures
Homeowners insurance generally covers winter storm-related damages, but some types of winter weather damage may require extra coverage. For instance, you’ll typically need a separate flood insurance policy to cover flood damage caused by snowmelt.
Earthquakes
Standard homeowners insurance policies do not typically cover structural damage due to an earthquake. 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 typically covers damage caused by fire, including wildfires, but make sure to read your policy so you understand any exclusions. Read our guide to wildfire insurance.
Volcanic activity
Volcanic damage is typically covered by standard home insurance policies. For example, your policy would likely cover the damage (minus your deductible) if the weight of heavy volcanic ash caused your roof to collapse.
Flooding
Standard homeowners insurance policies typically don't cover flood damage. As a result, homeowners in flood-prone areas may need to purchase separate flood insurance.
To learn more about your risk, check out the Federal Emergency Management Agency's flood maps and RiskFactor.com, a website from the nonprofit First Street Foundation. Even if your property is deemed low risk, it may be worthwhile to buy flood insurance for extra peace of mind.
Remember that while you can purchase flood coverage at any time, there’s typically a 30-day waiting period before the insurance takes effect. Here’s more information about flood insurance and waiting periods.
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.
Amanda Shapland contributed to this story.
NerdWallet calculated median rates for 40-year-old homeowners from various insurance companies in every ZIP code across the state. 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 2020-2022. 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.
On a similar note...
