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Best Cheap Car Insurance in Alaska for 2021

Dec. 8, 2020
Auto Insurance, Insurance
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Exploring many options is the best way to score cheap car insurance in Alaska. Auto insurance rates can vary by hundreds of dollars depending on the companies you shop.

NerdWallet looked at rates from 13 insurers in the state and found the cheapest options for several driver types.

Cheapest for 20-year-old drivers in Alaska

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 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: $2,134 per year.
  2. Umialik: $2,188 per year.
  3. State Farm: $2,520 per year.
  4. Progressive: $3,107 per year.
  5. Allstate: $7,134 per year.

Cheapest minimum coverage 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.
  2. Umialik: $713 per year.
  3. State Farm: $764 per year.
  4. Allstate: $1,171 per year.
  5. Progressive: $1,266 per year.

Cheapest coverage for 20-year-olds with poor credit in Alaska

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.
  2. Umialik: $1,116 per year.
  3. Allstate: $1,240 per year.
  4. State Farm: $1,513 per year.
  5. Progressive: $1,883 per year.

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

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.
  2. Umialik: $713 per year.
  3. State Farm: $999 per year.
  4. Allstate: $1,404 per year.
  5. Progressive: $1,635 per year.

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

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

  1. Umialik: $713 per year.
  2. Geico: $1,061 per year.
  3. State Farm: $1,185 per year.
  4. Progressive: $1,463 per year.
  5. Allstate: $1,579 per year.

Cheapest for 30-year-old drivers in Alaska

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 in Alaska for 30-year-olds

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

  1. Geico: $1,074 per year.
  2. State Farm: $1,209 per year.
  3. Umialik: $1,262 per year.
  4. Progressive: $1,446 per year.
  5. Allstate: $3,464 per year.

Cheapest minimum coverage 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.
  2. State Farm: $337 per year.
  3. Umialik: $366 per year.
  4. Progressive: $576 per year.
  5. Allstate: $633 per year.

Cheapest coverage for 30-year-olds with poor credit in Alaska

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

  1. Geico: $1,131 per year.
  2. Umialik: $1,888 per year.
  3. Progressive: $2,221 per year.
  4. State Farm: $2,246 per year.
  5. Allstate: $3,703 per year.

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

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

  1. Umialik: $1,262 per year.
  2. State Farm: $1,534 per year.
  3. Geico: $1,750 per year.
  4. Progressive: $2,479 per year.
  5. Allstate: $3,947 per year.

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

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

  1. Umialik: $1,262 per year.
  2. Progressive: $1,740 per year.
  3. State Farm: $1,769 per year.
  4. Geico: $2,789 per year.
  5. Allstate: $4,211 per year.

Cheapest for 40-year-old drivers in Alaska

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 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. Geico: $1,074 per year.
  2. Umialik: $1,086 per year.
  3. State Farm: $1,178 per year.
  4. Progressive: $1,408 per year.
  5. Allstate: $3,464 per year.

Cheapest minimum coverage 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.
  2. Umialik: $299 per year.
  3. State Farm: $337 per year.
  4. Progressive: $560 per year.
  5. Allstate: $633 per year.

Cheapest coverage for 40-year-olds with poor credit in Alaska

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

  1. Geico: $1,131 per year.
  2. Umialik: $1,615 per year.
  3. Progressive: $2,184 per year.
  4. State Farm: $2,185 per year.
  5. Allstate: $3,703 per year.

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

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

  1. Umialik: $1,086 per year.
  2. State Farm: $1,496 per year.
  3. Geico: $1,750 per year.
  4. Progressive: $2,431 per year.
  5. Allstate: $3,947 per year.

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

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

  1. Umialik: $1,086 per year.
  2. Progressive: $1,701 per year.
  3. State Farm: $1,724 per year.
  4. Geico: $2,935 per year.
  5. Allstate: $4,211 per year.

Cheapest for 50-year-old drivers in Alaska

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 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: $925 per year.
  2. Umialik: $986 per year.
  3. State Farm: $1,153 per year.
  4. Progressive: $1,258 per year.
  5. Allstate: $3,307 per year.

Cheapest minimum coverage 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.
  2. Umialik: $269 per year.
  3. State Farm: $331 per year.
  4. Progressive: $522 per year.
  5. Allstate: $592 per year.

Cheapest coverage for 50-year-olds with poor credit in Alaska

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

  1. Geico: $975 per year.
  2. Umialik: $1,457 per year.
  3. Progressive: $1,949 per year.
  4. State Farm: $2,136 per year.
  5. Allstate: $3,525 per year.

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

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

  1. Umialik: $986 per year.
  2. State Farm: $1,466 per year.
  3. Geico: $1,586 per year.
  4. Progressive: $2,348 per year.
  5. Allstate: $3,759 per year.

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

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: $986 per year.
  2. Progressive: $1,544 per year.
  3. State Farm: $1,690 per year.
  4. Geico: $2,770 per year.
  5. Allstate: $4,028 per year.

Cheapest for 65-year-old drivers in Alaska

Although 65-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 mid-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 in Alaska for 65-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. Geico: $951 per year.
  2. Umialik: $987 per year.
  3. State Farm: $1,093 per year.
  4. Progressive: $1,254 per year.
  5. Allstate: $3,499 per year.

Cheapest minimum coverage in Alaska for 65-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: $242 per year.
  2. Umialik: $285 per year.
  3. State Farm: $314 per year.
  4. Progressive: $531 per year.
  5. Allstate: $660 per year.

Cheapest coverage for 65-year-olds with poor credit in Alaska

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

  1. Geico: $951 per year.
  2. Umialik: $1,461 per year.
  3. Progressive: $1,934 per year.
  4. State Farm: $2,018 per year.
  5. Allstate: $3,771 per year.

Cheapest for 65-year-old drivers with one at-fault crash in Alaska

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

  1. Umialik: $987 per year.
  2. State Farm: $1,390 per year.
  3. Geico: $1,702 per year.
  4. Progressive: $2,544 per year.
  5. Allstate: $4,068 per year.

Cheapest insurance for 65-year-old drivers after a DUI in Alaska

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

  1. Umialik: $987 per year.
  2. State Farm: $1,603 per year.
  3. Progressive: $1,695 per year.
  4. Geico: $2,525 per year.
  5. Allstate: $4,323 per year.

Cheapest 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 five auto insurance options for 40 of the 40 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.

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 from an average of 14 insurers in each state and Washington, D.C., 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 2018 Toyota Camry L for all drivers and assumed 12,000 annual miles driven.
  • We analyzed rates for drivers 20 to 80 years old in five-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 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.

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