Cheap Car Insurance in Anchorage, Alaska
Anchorage is one of North America’s most under-the-radar cities. As one of the northernmost cities in the world, Anchorage is home to countless nature opportunities with popular attractions like the Anchorage Coastal Wildlife Refuge, Flattop Mountain, and Chugach State Park, which boasts close to 300 miles of trails and close to 500,000 acres of pure wilderness.
Do not forget Anchorage’s historical perspective with the Anchorage Museum, Alaska Aviation Heritage Museum, and the 26-acre Alaska Native Heritage Center calling it home.
All Anchorage drivers must carry car insurance to drive legally in the state. Keep reading to learn more about car insurance in Alaska, including average rates paid in its major cities, factors that determine the rates you pay, and ways to save on your auto insurance policy.
Quick Facts
- Anchorage is the largest city in Alaska
- During the summer, Anchorage experiences up to 22 hours of daylight
- Denali, the tallest mountain in North America, can be viewed from Anchorage
- The summer of 2019 saw the highest ever recorded temperature in Anchorage (90°F)
- The Anchorage School District has roughly 100 different languages spoken, including Spanish and Samoan
How Much Does Car Insurance Cost in Anchorage, AK?
Anchorage drivers pay an average monthly premium of $150 for full coverage car insurance, slightly higher than the national average of $140 and much higher than the state average of $130. The state-required minimum liability auto insurance in Anchorage averages $54 per month, higher than the state average at $31 and higher than the national average at $47 per month.
The cheapest car insurance in Anchorage is the minimum required liability car insurance, which consists of bodily injury/death liability insurance and property damage liability insurance.
Full coverage car insurance, however, offers much more protection since it will help you pay for repairs to your vehicle even if you are at fault in an accident under the collision car insurance part. It also offers comprehensive auto coverage, which covers your vehicle in circumstances other than a wreck, such as weather-related damage.
How does Anchorage compare with other cities in Alaska? Check out our breakout of average monthly car insurance costs for other Alaskan cities:
| City | Full Coverage Insurance | Liability Insurance Coverage |
|---|---|---|
| Anchorage | $154 | $54 |
| Fairbanks | $138 | $36 |
| Juneau | $100 | $32 |
| Wasilla | $137 | $37 |
Affordable Car Insurance Rates by Zip Code in Anchorage, AK
Some zip codes pay higher insurance premiums than others due to population density and the collective risk profile of its drivers. For example, drivers in congested areas that have more claims for auto theft and vandalism will pay more for their insurance than those in less populated areas with reduced crime.
For the average monthly car insurance prices by zip code in Anchorage, see our breakdown below:
| Zip Code | Full Coverage Insurance | Liability Insurance Coverage |
|---|---|---|
| 99501 | $154 | $54 |
| 99502 | $155 | $54 |
| 99503 | $154 | $54 |
| 99504 | $156 | $55 |
| 99505 | $144 | $50 |
| 99506 | $143 | $50 |
| 99507 | $155 | $55 |
| 99508 | $155 | $54 |
| 99515 | $154 | $54 |
| 99516 | $153 | $53 |
| 99517 | $154 | $54 |
| 99518 | $155 | $54 |
| 99519 | $144 | $44 |
| 99567 | $150 | $49 |
| 99577 | $150 | $49 |
Low-Cost Car Insurance Rates by Age in Anchorage, Alaska
Expect young and older drivers to pay higher rates than middle-aged drivers due to their overall higher risk profile. They are statistically more likely to be involved in a car accident versus other drivers, accounting for a higher percentage of fatal accidents.
For the average monthly car insurance prices by age in Anchorage, see our breakdown below:
| Age | Full Coverage Insurance | Liability Insurance Coverage |
|---|---|---|
| Teenagers | $464 | $173 |
| 20s | $180 | $62 |
| 30s | $154 | $54 |
| 40s | $137 | $49 |
| 50s | $127 | $45 |
| 60s | $138 | $51 |
| 70s | $148 | $55 |
Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by Alaska. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.
Get a Quote for Car Insurance in Alaska Today!
Driving Conditions in Anchorage, AK
How Many Fatal Accidents Happen in Anchorage?
In 2019, there were 16 fatal road traffic accidents in Anchorage. Of these, there were 25 vehicles involved and a total of 37 people including five pedestrians involved.
How Are the Road Infrastructure and Bridges in Anchorage, Alaska?
Anchorage’s very active Public Works department designs and constructs roads, trails, parks, and pedestrian systems. This department includes a Maintenance and Operations Division that work to maintain 1,300 lane miles of streets, 160+ municipal buildings, 200+ parts, and 570+ municipal vehicles.
For more information on Anchorage’s Public Works teams and responsibilities, visit Municipality of Anchorage – Public Works.
Minimum Car Insurance Requirements in Anchorage, AK
All Anchorage drivers are required to carry the following state minimum liability limits:
- Bodily injury liability coverage: $50,000 per person
- Bodily injury liability coverage: $100,000 per accident
- Property damage liability coverage: $25,000
We highly recommend a full coverage policy over a state minimum policy. Full coverage policies include comprehensive and collision insurance, protecting against collisions with other vehicles, and non-collision-related incidents like vandalism and weather damage.
For uninsured drivers, Alaska sits at number 11, just one spot behind the top 10 states for uninsured motorists. Drivers in Anchorage should seriously consider adding uninsured motorist coverage to their auto insurance policy. This relatively cheap type of insurance can go a long way if you get into a wreck with an uninsured or underinsured driver or a hit-and-run driver.
Do not forget to review your coverage limits as well. For example, the minimum property damage liability coverage of $25,000 is not enough to cover the cost of a new vehicle.
What Are the Penalties for Driving Without Insurance in Anchorage?
Driving without insurance in Alaska is a risky proposition.
All first-time offenders will be expected to serve a 90-day license suspension and pay a $500 fine until proof of insurance is obtained. Additionally, you must file an SR-22 certificate for three years, proving you are carrying the state-required minimum amount of coverage. As a result, expect your car insurance premiums to rise by a wide margin, doubling or tripling depending on your past driving record.
Any second offense will be subject to a driver’s license suspension of one year and a reset of your SR-22 for another three years.
Factors Allowed in Anchorage, AK Car Insurance Rates
Insurance carriers classify your risk profile based on several criteria, including age, gender, and zip code of residence.
Other factors affecting auto insurance costs include:
- Driving history
- Marital status
- Make/model of vehicle
- Credit score
- Employment
Remember, rates vary from person to person. Do not expect a teenage driver living in the heart of Anchorage to pay the same rates as an older driver in a sparsely-populated rural area.
Discounts for the Cheapest Car Insurance in Anchorage, Alaska
Many car insurance discounts are available to Alaskan drivers. Some discounts are based on driving habits, while others are based on demographics and actions.
Ask your carrier if you qualify for any of these discounts Alaskan drivers can enjoy:
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Paperless Billing Discount
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As your life circumstances change, it is essential to call your insurance provider. You’ll find out what you qualify for by talking to your agent. For example, changing vehicles from a 2021 Mercedes C Class to a 1997 Honda Civic could result in thousands of annual savings, due to lower repair costs. Do not hesitate to take advantage of any discounts available to you.
Get a Quote for Low-Cost Car Insurance Online in Anchorage Today!
A friendly Freeway Insurance agent is ready to help you and your family find affordable auto insurance in Anchorage that meets your needs and will keep you protected.
Getting started is easy. Request a fast and free car insurance quote online, visit us at an Anchorage location near you, or call us at 800-777-5620. Contact us today!