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Anchorage Car Insurance

How much does car insurance cost in Anchorage, AK? Check out the average rates that drivers pay below.

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What Is the Average Cost of Car Insurance in Anchorage?

Anchorage, Alaska’s largest city, is known for its dazzling northern lights, dynamite natural attractions and gigantic national parks. Bikers and hikers may enjoy the 135 miles of paths throughout the city, including the Tony Knowles Coastal Trail. Residents can also take an airplane sightseeing tour of the town’s glaciers, mountainous terrain and wildlife. If you’re interested in history and culture, visit the Alaska Native Heritage Center, which displays traditional crafts, stages dances and exhibits replicas of dwellings from the area’s indigenous groups.

If you’re an Anchorage resident, you’ll need a car to enjoy all the adventures within the city. You’ll also need a reliable insurance policy to protect your ride.

In this article, you’ll learn about insurance requirements in Anchorage.

Monthly Average Rates by Country, State, and City

Car insurance rates vary from driver to driver and are based on many factors that include driving history, claims history and where you live. Each city in Alaska has different rates, and below, you can compare average rates with the national average. According to our data, drivers who live in Anchorage typically pay around $111.88 per month compared to the national average of $134.05 per month. The best way to get a low rate is by comparison shopping. SmartFinancial can do that for you at no cost while pairing you with a reputable insurance company so you have no surprises if you have an accident.

AreaAverage Monthly Rate
National $134.05
Alaska $104.25
Anchorage, Alaska $111.88

Anchorage, AK Best Car Insurance Companies

car insurance in Anchorage

Certain insurers will offer you better rates than others based on a myriad of factors, so you may get a better deal from one insurer over another for various reasons, and that’s why it’s important to compare. According to our data, USAA generally has the most affordable car insurance in Anchorage coming in around $75.72 per month. Other companies to consider if you live in Anchorage is State Farm with an average cost of $104.90 per month and Umialik Insurance which typically runs around $140.34 per month. Check out the full list below. SmartFinancial rates the following insurers as the best insurance companies for drivers in Anchorage.

RankCompanyAverage Monthly RateComparison State Average
1 USAA $75.72-27.37%
2 State Farm $104.900.62%
3 Umialik Insurance $140.3434.61%
4 Allstate $153.6347.36%

How Much is Car Insurance in Anchorage, AK?

how much is auto insurance in Anchorage

Rates can vary from city to city. The residents of Anchorage typically pay $111.76 per month while people who live in Fairbanks will pay $85.45 per month on average. See what people pay for car insurance in other cities in Alaska.

Alaska CitiesMonthly Average Rate
Anchorage $111.76
Fairbanks$85.45
Juneau$84.90
Kodiak$70.43
Wasilla$103.96

Cheap Car Insurance in Anchorage by Zip Codes

find cheap auto insurance in Anchorage

Every zip code rates differently with every insurer. Your zip code determines the crime rate in your area as well as other risks. Below, you can see how average rates range across the state of Alaska. If you live in an area that is rated high in crime, you can make sure to garage your car in a safe place. That ought to save you some money. Covered and gated structures are best. Make sure to tell your insurance agent about the precautions you’re taking.

Anchorage, AK ZIP CodeAverage Monthly Rate
99501$113.30
99502$116.77
99503$113.13
99504$113.52
99507$114.79
99508$109.61
99515$102.07
99516$109.04
99517$107.10
99518$114.22

Car Insurance Rates by Driver's Age Group in Anchorage

Generally speaking, you pay more in car insurance the younger you are and the older you are. Teens and young adults often pay around $191.11 per month in Anchorage. Compare that to drivers in their 30’s who typically pay around $96.22 per month drivers in their 40s at $93.43 per month. It’s always a good idea to check for discounts that apply at any age. Some discounts include away-at-school discount, safe driver discount, mature driver discount, good student discount as well as multi-policy and bundling discounts.

Age GroupAverage Monthly Rate
16-19$191.11
20s$150.85
30s$96.22
40s$93.43
50s$78.64
60s$84.95
70+$102.62

Cheapest Insurance for Teenage Drivers in Anchorage

If you are teen in Anchorage you are probably looking for a good deal on car insurance. Since teenage drivers typically pay the highest rates of any other age group, it’s important to compare multiple companies. According to our research, USAA typically charges around $179.75 per month. This is likely the most affordable option in Anchorage. You might also want to consider State Farm and Allstate who also offer good affordable policies for teen drivers.

CompanyAverage Monthly Rate
USAA$179.75
State Farm$204.42
Allstate$253.83
Umialik Insurance$286.83

Cheapest Insurance for 20 Year-olds in Anchorage

20 year-olds in Anchorage might want to consider USAA who, on average, offers car insurance rates around $93.23 per month. State Farm , Umialik Insurance , Allstate and are also in the top 5 cheapest rates available.

CompanyAverage Monthly Rate
USAA$93.23
State Farm$137.43
Umialik Insurance$191.47
Allstate$195.21

Cheapest Insurance for 30 Year-olds in Anchorage

If you are in your 30s in Anchorage our research has found that USAA typically has the most affordable coverage coming in around $66.91 per month, followed by State Farm at $90.90 and Umialik Insurance at $125.54.

CompanyAverage Monthly Rate
USAA$66.91
State Farm$90.90
Umialik Insurance$125.54
Allstate$130.34

Cheapest Insurance for 40 Year-olds in Anchorage

On average, USAA offers car insurance for 40 year-olds in Anchorage for around $63.96 per month. If you are looking for affordable coverage, you may also want to consider State Farm or Umialik Insurance. The full list of top companies is below.

CompanyAverage Monthly Rate
USAA$63.96
State Farm$94.37
Umialik Insurance$115.06
Allstate$147.36

Cheapest Insurance for 50 Year-olds in Anchorage

Oftentimes 50 year-olds enjoy some of the lowest rates of any other age group. In Anchorage we found that USAA generally offers the most affordable coverage at $62.64 per month.

CompanyAverage Monthly Rate
USAA$62.64
State Farm$90.48
Umialik Insurance$98.46
Allstate$125.79

Cheapest Insurance for 60 Year-olds in Anchorage

If you live in Anchorage and you’re in your 60s, our data indicates that USAA usually has the best rates at $56.57 per month. The top 5 list of car insurance companies is below.

CompanyAverage Monthly Rate
USAA$56.57
State Farm$72.81
Umialik Insurance$94.97
Allstate$121.98

Driver's Coverage Auto Insurance Rates in Anchorage, AK

driver's coverage

Typically, drivers who currently have car insurance coverage will receive a cheaper monthly quote than drivers who do not. Since car insurance is a requirement in all 50 states, companies may question why you don't currently have coverage. Because of this, they may see you as a higher risk driver. In Anchorage, the average monthly rate for a driver who is currently insured is $109.63 while drivers who are not currently covered will pay around $114.41.

CoverageAverage Monthly Rate
Not Currently Insured $114.41
Currently Insured $109.63

Compare Recent Car Insurance Quotes in Anchorage

auto insurance quotes in Anchorage city

Your vehicle plays a big part in how you rate for car insurance. The more your car is worth, the higher your car insurance rate. To lower your monthly premiums, you can set a higher deductible, but you’ll need to pay that deductible if you have an accident. Generally speaking, the newer a car is, the more it’s worth, and you may pay more in premiums, but the latest safety features will earn you a discount. The overall safety ratings of a car are also considered when determining your rate. In Anchorage a driver of a 2013 Toyota Fj Cruiser can expect to pay around $89.90 per month while someone that owns a 2001 Ford Crown Victoria may pay around $82.59 per month. Check out the list of recent quotes in Anchorage below.

VehicleAverage Monthly Rate
2013 Toyota Fj Cruiser$89.90
2001 Ford Crown Victoria$82.59
1996 Jeep Grand Cherokee$76.29
2015 Ford F150$164.25
2009 Ford Explorer$112.13
2005 Subaru Legacy$137.00
2002 Chevrolet Avalanche$103.04
2018 Bmw X5$157.17
2016 Chrysler 200$137.33
1998 Dodge Intrepid$84.35

FAQ's for Drivers in Anchorage, AK

driver’s frequently asked question in Anchorage

What Is the Minimum Liability Coverage Requirement in Anchorage, AK?

Every state requires drivers to have a minimum amount of liability coverage. Alaska drivers are required to carry liability insurance to pay for damages and injuries inflicted on someone else in an auto accident.

  • $50,000; Bodily injury coverage per person; Maximum payment for serious or permanent injury or death to a single person
  • $100,000; Bodily injury coverage per accident; Coverage for multiple people injured in a single accident
  • $25,000; Property damage per accident; Maximum payment for all damaged property in an accident caused by you

Not all areas in Alaska require drivers to carry insurance, but in places where vehicle registration is necessary, so is auto coverage. The minimum insurance limits for these areas are $50,000 of bodily injury liability coverage per person and $100,000 per accident and $25,000 of property damage liability coverage law.

For drivers in areas without registration or insurance requirements, you will be held accountable by the Financial Responsibility law to pay for any costs associated with injuries or property damage you cause to someone else. Additionally, if you’ve gotten a ticket for 6 points or greater in the last five years, you must purchase insurance, no matter where you live.

For a list of exceptions to the insurance requirement, please see the State of Alaska Division of Motor Vehicles.

What Is the Blood Alcohol Concentration (BAC) limit in Anchorage, AK?

It’s against the law to drive in Alaska at the following BAC percentages:

.08%+ at 21 years old or older

.04%+ for commercial vehicle drivers

Any for under 21 years old

Alaska has a zero-tolerance policy for drivers under 21. If you’re 14 to 21 years old and have any measurable BAC when operating a motor vehicle, boat, or aircraft, you may face penalties that include fines, alcohol programs, jail time, and loss of your driver’s license.

Does Alaska allow the use of digital insurance cards?

If your vehicle is registered in a place where insurance is mandatory, you must have proof of insurance to show law enforcement upon being pulled over or after being involved in an accident. This proof of coverage can be in the form of a standard plastic or paper ID, or in digital form on your mobile device. Failure to provide proof of insurance in some form will result in a driver’s license suspension unless you submit proof of coverage to the DMV within 15 days.

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Commute Time in Anchorage, AK

18.9 Miles
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Commute Time in United States

26.4 Miles
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Number of Nearest Insurance Agents in Anchorage, AK

5

Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.

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