Anchorage, AK Auto Insurance | Cheap Car Insurance in Anchorage, AK

Anchorage, AK auto insurance requires you to have 50/100/25 in liability coverage. Cheap car insurance in Anchorage, AK averages $41/month with State Farm. Top Anchorage, AK car insurance companies include State Farm, Umialik, and Allstate.

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Chris Tepedino is a feature writer that has written extensively about auto insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and ...

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Reviewed by Rachael Brennan
Licensed Insurance Agent Rachael Brennan

UPDATED: Jul 19, 2021

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State Farm, Umialik, and Allstate offer cheap car insurance in Anchorage, AK as low as $41/month. Alaska auto insurance requires drivers to carry 50/100/25; however, it may be beneficial to carry more than the Anchorage, AK auto insurance minimum as a precaution.

Anchorage is a fairly young city; it won’t even be celebrating its 100th birthday until the year 2015. But despite its relative youth, more than 300,000 people call it home. Contrary to popular belief, Anchorage doesn’t experience the extreme seasonal changes that most of the state is known for (aside from a few very short days in December).

Fun fact: Did you know that Anchorage is #1 on the list of “Top 101 cities with largest percentage of females working in industry: Mining (population 50,000+)? Learn more about Anchorage.

In the market for auto insurance in Anchorage, AK? At, you can get the cheapest insurance rates where you live. To acquire free car insurance quotes from the very best providers today, type your zip code into the quote box on this page.

Auto Insurance Coverage Requirements in Alaska

All Alaska motorists must meet the following insurance requirements in order to drive legally:

Coverage Requirements Most Common
Bodily Injury Liability 50,000/100,000 100,000/300,000
Property Damage Liability 25,000 50,000
Uninsured Motorist Bodily Injury Not required 50,000/0130,000
Medical Payments Not required 5,000
Collision Not required 500 deductible
Comprehensive Not required 100 deductible

But don’t forget: Liability coverage is extremely limited. Your provider will only pay out on claims if you are found at-fault in an accident. Under any other circumstances, you will be financially responsible for damages. But there are ways to get adequate coverage at affordably low rates.

The state average for Alaska drivers is currently around $129 per month, in some areas. For Anchorage, however, the monthly average is around $46/mo*. You too can get similar discounts with the right provider.

Average Monthly Auto Insurance PremiumsLegend: Anchorage State Farm Umialik Allstate 5101520253035404550$41$46$50

State Farm in Anchorage is offering some of the lowest rates at $41/month. But remember that not everything is about getting the lowest rate. There are other factors, such as customer service and ease of claims, which can influence which provider you go with. For example, Progressive Car Insurance in Anchorage, AK has a set of core values that consist of honesty, respect, communication, and excellence. Allstate (Anchorage) prides itself on going the extra step for their clients and dedicate time to giving back to local communities.

Auto insurance companies evaluate several factors when calculating insurance quotes, including driving violations, accident claims, occupation, driving distance to work, and business use of the vehicle. Also keep in mind that premiums differ from carrier to carrier. To verify you’re still paying the most affordable rate, compare cheap Anchorage auto insurance quotes online.

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Major Car Insurance Factors in Anchorage

Insurance companies in Anchorage, Alaska take several factors into account when crafting an auto insurance policy. Unfortunately, many of these factors are difficult or impossible to change, such as your age or where you live. Other factors your car insurance company may consider include:

Your Zip Code

Where you park your car each night will have a major impact on your auto insurance rate. Generally, car insurance is cheaper in rural areas because fewer cars means a smaller chance that you will get into a collision with another vehicle. The population of Anchorage is 300,950 and the median household income is $79,045.

Auto Insurance by Zip CodeLegend: Anchorage Fairbanks Juneau Kenai Ketchikan State Farm Umialik Allstate 5101520253035404550$41$31$31$28$26$46$33$24$27$24$50$28$32$31$32


Automotive Accidents

Unfortunately, fatal accident statistics are much higher in Anchorage than in almost any other city within the state of Alaska. These higher accident rates might be partially responsible for the higher average automotive insurance rates in Anchorage.

Fatal Accidents in Anchorange, AKLegend: Anchorage Fatal accident countVehicles involved in fatal crashesFatal crashes involving drunk personsFatalitiesPersons involved in fatal crashesPedestrians involved in fatal accidents 51015202530351623417396


Auto Thefts in Anchorage

Finding cheap auto insurance in Anchorage, AK can be difficult if you are at risk for auto theft. Certain popular vehicle models are attractive to thieves, as well as vehicles which are parked often in large cities. The total number of stolen vehicles in Anchorage was 869 in 2013. If you want to protect yourself from auto theft in Anchorage, consider adding some Comprehensive coverage to your automobile insurance policy. It may cost more each month, but it might end up being cheaper than replacing your car.

Basic vs. Comprehensive Auto PolicyLegend: Basic Coverage Comprehensive Coverage State Farm Umialik Allstate 51015202530354045505560$41$52$46$57$50$61


Your Credit Score

Most major providers will charge you more per month if you have a poor credit score. In Alaska, there are local specialty providers – Umialik especially – who will offer lower rates for drivers with poor credit. However, in general, you can expect to pay more for a low credit score (or less for a stellar credit history).

Auto Insurance by Credit ScoreLegend: Excellent Credit Poor Credit State Farm Umialik Allstate 510152025303540455055606570$46$46$35$72$46$64


Your Age

Statistics show that the younger you are, the more dangerous you are behind the wheel. To offset the risk of a possible accident, most teenage drivers are expected to pay much higher rates than their older adult counterparts. However, young motorists can save money with Good Student or Drivers Ed discounts.

Auto Policy Age ComparisonLegend: 34 Year Old 17 Year Old State Farm Umialik Allstate 510152025303540455055606570758085$41$88$46$87$50$89


Your Driving Record

Do you have a fairly clean driving record? If so, then you can expect to pay substantially lower monthly rates for your automotive insurance. If you do have a minor violation or two, your rate will go up – but you may be able to reduce your premium with “Accident Forgiveness” and other similar discounts.

Driving ViolationsLegend: Perfect Record Minor Speeding Ticket DUI/Reckless Driving Major At-Fault Accident State Farm Umialik Allstate 51015202530354045505560657075$41$44$44$48$46$46$46$46$50$60$72$77


Your Vehicle

You can get by with less coverage if you’re driving an economical car. But with luxury vehicles, you’re going to require more comprehensive coverage, which will yield higher monthly premiums. But there are ways to get discounts, even on luxury coverage.

Car Insurance by Make/ModelLegend: 2015 Honda Accord 2012 Porche Boxster Spyder State Farm Umialik Allstate 510152025303540455055$41$51$46$57$50$51


Minor Car Insurance Factors in Anchorage

Individually, not many of the factors below will have an earth-shattering effect on your monthly bill. But they can cause a major shift when they are all calculated together:

Your Marital Status

If you are part of a married couple, there’s good news: you can save money on your automotive insurance policies if you bundle them together. As individuals, however, you won’t save very much being married vs. being single.

Your Gender

Many automobile insurance providers are naturally gravitating away from charging wildly different rates for male and female drivers. Many providers don’t charge different rates at all based on gender alone. Those who do charge no more than a 1-2% difference – and whether that difference punishes males or females depends wholly on the insurance provider.

Your Driving Distance to Work

For the typical Anchorage commuter, the average drive time runs just under 19 minutes. Many drivers choose to carpool to work (more than 12%), but most motorists still drive their own vehicle to work.

Whether you drive a few thousand miles each year for pleasure, or tens of thousands of miles to and from work or school, these factors will only alter your monthly rate by 2-3%. The real price difference comes with business vehicles. If you have your automobile registered for business, you can expect to pay around 10-11% more per month for it.

Your Coverage and Deductibles

To increase your coverage without breaking the bank, talk to your insurance provider about raising your deductible. This will lower your monthly rates, while making coverage more affordable. Of course, it will also make repairs and costs more expensive if you ever have to file a claim.

Education in Anchorage, AK

Forget about a fancy job or a high-paying salary – the best way to get discounts on automobile insurance is to obtain a higher education. The average driver in Anchorage has at least a high school diploma, while a good number of drivers also have at least made an attempt to go to college for one year or longer. Many have a full bachelor’s degree.

To help save you money on your Anchorage car insurance, you might want to consider furthering your education. Statistics show that the more educated you are, the cheaper your auto insurance will be. The city is home to two major universities, one public (the University of Alaska Anchorage) and one private (Alaska Pacific University).

Finding affordable auto insurance can be a hassle. There’s a lot of information you need to consider and, figuring out how insurance companies evaluate your potential risk can be complicated. But don’t let the wrong insurance company talk you into purchasing the wrong policy.

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.


Alaska Division of Insurance

Alaska Department of Financial Institutions

Department of Highway Safety and Motor Vehicles 

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