Alaska, despite being the largest state in the nation geographically, has one of the smallest car insurance markets with just over half a million licensed drivers in 2021. However, the options for insurance coverage in the Last Frontier are plentiful, with most major carriers offering their services. The MarketWatch Guides team conducted a thorough review of dozens of auto insurers to determine the best car insurance options in Alaska. In this article, we will discuss the difference between minimum- and full-coverage policies, break down average costs by carrier, driver age, and location, and provide useful tips on finding the right car insurance policy for your needs.
Key Takeaways:
Based on our research, Geico offers the best coverage for Alaska drivers due to its range of coverage options, affordable rates, and solid reputation.
The average cost of full-coverage car insurance in Alaska is $1,685 per year, which is below the national average of $2,008 per year.
Alaska requires drivers to carry both bodily injury and property damage liability coverage.
Why You Can Trust The MarketWatch Guides Team
The MarketWatch Guides Team is dedicated to providing reliable information to help you make informed decisions about insuring your vehicle. Our team conducted extensive research and created a comprehensive rating system to determine the best car insurance companies. We collected data on numerous auto insurance providers, graded them on various factors, and ranked them based on their overall performance. After 800 hours of research, we were able to provide an overall rating for each provider, with the top-scoring insurers making it to the list.
What Is the Best Car Insurance in Alaska?
Based on our research, we recommend Geico as the best car insurance in Alaska. Additionally, USAA, Progressive, State Farm, and Umialik Insurance are also top-notch options for Alaskans. To help drivers in Alaska better understand their options, we compared top insurers in five key categories: industry standing, availability, coverage, cost and discounts, and customer experience. Based on the performance of insurers in each category, we gave each an overall score and ranking on our list of the best car insurance companies in Alaska.
Customer Experience
Customer experience and satisfaction are crucial factors when choosing a car insurance provider. To determine overall experience and customer sentiment, we analyzed reviews on sites like Google and Trustpilot, looked at the company’s reputation within the industry, and conducted our own research, including surveying 7,000 policyholders. This helped us assess how satisfied customers were with each company.
Best Car Insurance Companies in Alaska
Geico: Best for Budget-Conscious Drivers
USAA: Best for Military Members
State Farm: Best Customer Experience
Progressive: Best for Tech-Savvy Drivers
Umialik: Best Local Service
Each of these top five car insurance companies in Alaska offers unique benefits and coverage options for drivers in the state. Geico, USAA, State Farm, Progressive, and Umialik Insurance have all been recognized for their quality service, affordable rates, and strong reputations within the industry.
How To Find the Best Car Insurance in Alaska
To find the best car insurance in Alaska, it is essential to shop around and compare quotes, coverages, and discounts from multiple insurers. Maintaining a clean driving record, considering usage-based insurance, bundling policies, selecting a higher deductible, and improving your credit score are all ways to potentially lower your car insurance premiums. It is also important to understand the minimum car insurance requirements in Alaska and determine how much coverage you need based on your specific circumstances.
Average Cost of Car Insurance in Alaska
The average cost of car insurance in Alaska is $41 monthly or $486 annually for minimum coverage, and $140 monthly or $1,685 annually for full coverage. The costs can vary depending on the provider, driver age, and location. USAA is the cheapest provider for minimum coverage, while Geico offers the lowest rates for full coverage in Alaska.
In conclusion, finding the best car insurance in Alaska involves researching and comparing different providers, understanding your coverage needs, and taking advantage of discounts and savings opportunities. By following these tips and recommendations, you can secure the right car insurance policy that meets your needs and budget in the Last Frontier.