Top 7 Best Car Insurance Companies In Alaska - Cheapest Quotes
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|7 Best Car Insurance Companies In Alaska With Cheapest Quotes and Good Services|
Alaska is a state in the Western United States on the northwest extremity of North America. A semi-exclave of the U.S., it borders the Canadian province of British Columbia and the territory of Yukon to the east and has a maritime border with Russia's Chukotka Autonomous Okrug to the west, just across the Bering Strait.
Since car insurance is essential and required if you want to own a car in the state, we have compiled a list of the best car insurance companies with cheap prices and good service in the article below.
Car insurance required in Alaska
Operating a vehicle in Alaska is very different from doing so in the lower 48 states due to the state's remote location and rugged terrain. Much of Alaska is only reachable by plane or boat due to the limited number of roads that serve the state (like its capital, Juneau). Visitors to Denali National Park and the Alaska Highway must have valid auto insurance in the state.
Proof of Financial Responsibility
In order to obtain an Alaska driver's license, you must first show proof of financial responsibility. Getting car insurance is the simplest solution. Always have your proof of insurance in the state of Alaska.
Drivers in Alaska have special registration and insurance provisions.
In Alaska, drivers who have received a ticket for a violation with six points or more in the previous five years are the only ones who are required to carry insurance even in areas where registration is not required. These motorists are mandated to carry AK liability coverage. If you're not sure whether or not you need to register your vehicle in the state of Alaska, you can find out by contacting the Division of Motor Vehicles.
Alaska Car Insurance Coverages
There are certain coverages that are required to drive legally in Alaska. Before you get on the road, you must have at least the following minimum coverages:
Bodily injury liability: $50,000 per person and $100,000 per accident
Property damage liability: $25,000
Uninsured/underinsured motorist bodily injury: $50,000 per person and $100,000 per accident*
Underinsured motorist property damage: $25,000*
*Uninsured/Underinsured Motorist coverages can be rejected in writing.
Alaska auto insurance laws
In Alaska, drivers are required to maintain liability insurance coverage at minimum levels of:
Bodily Injury $50,000 per person
Bodily Injury $100,000 per accident
Property Damage $25,000 per accident
Optional coverage in Alaska (varies by carrier) includes:
Rental Car Reimbursement
Uninsured/Underinsured Motorist Bodily Injury
The average annual cost of the bare minimum coverage in Alaska is $473. This is 28% lower than the average across the country. Coverage for damage to your vehicle from things like other drivers' actions, theft, and natural disasters can be obtained through a comprehensive and collision policy, which are available as part of a more extensive insurance package.
In Alaska, a comprehensive policy with a $1,000 deductible will set you back $1,037 per year, which is 120% more than liability-only insurance. It's reasonable to anticipate paying around $149 more for full coverage than you would for liability only if your deductible is $500.
What are the best car insurance companies in Alaska?
Insurance, banking, investments, retirement savings, home loans, and more are just some of the services offered by USAA. One major drawback is that USAA services are only available to current and former military personnel and their families, as well as cadets. If you fit into one of those categories, USAA might be your best option.
Insurance companies consistently rank USAA's casualty coverage, which includes auto insurance, as the best in the industry. What to anticipate from USAA is outlined below.
USAA is ranked highest by both international and independent rating agencies. USAA is consistently ranked as one of the highest customer satisfaction insurance providers. The Satmetrix Net Promoter Benchmark Study ranks USAA as a top auto insurance provider from 2010-2018. NICE Satmetrix's Net Promoter Score is widely recognized as the gold standard for measuring customer loyalty. A high ranking is a good indicator of future success in the market and a sign that the company in question offers superior service in comparison to its rivals.
Options for Auto Insurance Coverage from USAA
United Services Automobile Association (USAA) provides several types of mandatory auto insurance, including liability, uninsured motorist, collision, and comprehensive. We've listed below some typical premiums charged by USAA, as well as some of the more interesting coverage choices and optional extras available to policyholders.
Advantages were expanded by USAA.
In the event of an accident, this will pay for things like lost wages, necessary disability services, and death benefits.
Assisting motorists in times of need: USAA
If your car won't start, this optional coverage will send help if you need a locksmith, gas, a new tire, or a tow. Study up on the various programs that offer roadside assistance.
Reimbursement of Rent
Rent-a-car expenses are reimbursable, up to a certain limit, depending on the coverage tier you purchase. Coverage is available for a limited time and maximum amount based on your coverage level if your vehicle is damaged by a covered loss (i.e. not routine maintenance).
Regarding accidental occurrences, one may be forgiven.
After your first at-fault accident, your USAA premium won't go up if you go accident-free for five years. To learn more about our accident forgiveness policies, please click here.
2. State Farm
With a market share of 16%, State Farm is far and away the leader in auto insurance. The insurance firm provides nationwide protection. State Farm's network of agents is accessible to customers who would rather work with a real person. Independent agencies have given this well-liked insurer high marks for both customer satisfaction and financial stability.
State Farm's auto insurance policies are competitive in terms of coverage and discounts with those of other major insurers, but they may fall short for those looking for a wide variety of optional extras.
Protection for Your Car From State Farm
All the typical coverage options provided by insurance firms are available through State Farm auto insurance. Among these are:
Auto insurance that covers damages to other people or their property
Automotive Insurance with Collision Coverage
Full coverage auto insurance
Funding for Healthcare (MedPay)
Safety from physical harm (PIP)
UM/UIM insurance protects you from drivers who do not have enough insurance to cover your damages.
It's important to note that BI/PD is mandated in the majority of states. Medical coverage or UM/UIM is also mandated by some states. PIP insurance is mandatory in all no-fault states because it protects drivers regardless of fault.
Automobile Insurance Optional Coverage
One of the reasons State Farm insurance gets such good ratings is that customers can choose from a variety of optional extras. Some of these extras are:
Protection for rental and transportation costs is provided by State Farm's Car Rental Expense benefit, which pays for a replacement vehicle while your damaged vehicle is being repaired due to a covered claim (up to the limits you choose). If you're in an accident more than 50 miles from home and can't get home, State Farm will cover your travel expenses, including food, lodging, and transportation costs (up to $500). The cost of getting you back to pick up your vehicle is also covered by your insurance. Last but not least, after an accident while driving a rental car, State Farm's auto insurance will contribute up to $500 toward your deductible.
Coverage for drivers who work for services like Uber and Lyft is available through insurance policies. The reason for this is that using your car for business purposes is typically not covered by a standard auto insurance policy. When you are actually picking up or dropping off a passenger, the ridesharing company will typically cover you, but while you are sitting idle in the car, you will be responsible for any costs incurred.
Towing to the nearest repair shop, fluid delivery, jump-starts, spare tire installation, and lockout services are just some of the emergency road services offered by State Farm.
Umialik is an insurance agency in Alaska that has been around for 35 years and provides policies to motorists, commercial enterprises, and private residences there. The Anchorage-based firm relies on local insurance agents to distribute its products.
Umialik, one of the largest and most well-known Alaskan insurance companies, works to meet the needs of policyholders with a wide range of insurance requirements.
Just what is Umialik?
For over 35 years, Umialik Insurance Company has protected Alaskan residents and commercial enterprises. Independent insurance agents are the only people the company deals with. Local agents help you find the right coverage and services through Umialik by answering your questions and assessing your needs.
The Western National Insurance Group, of which Umialik Insurance Company is a part, consists of eight insurance providers that serve local neighborhoods in 19 different states. Umialik, a wholly owned subsidiary of Western National Insurance Group, combines the advantages of doing business with a local Alaskan firm with the security of a large insurance corporation.
Western National Insurance Company was established in the year 1900 and is headquartered in Minnesota. Western National Insurance Company, which was founded in 2007 as the Mutual Creamery and Cheese Factory Fire Insurance Company of Minnesota, acquired Umialik in a series of mergers and acquisitions that took place between 2007 and 2016.
Umialik's current stated goal is "to act with integrity in the service of others," as stated on the company's official website. All types of Alaskans, from businesses to individuals to families, can take advantage of the company's many insurance offerings.
The following is an explanation of how Umialik's auto insurance for Alaskans functions:
To protect themselves and their passengers, drivers in Alaska can purchase liability insurance that meets or exceeds the minimum requirements set by the state. Bodily injury liability and property damage liability are both covered under Umialik's insurance policies.
Complete Coverage: Umialik's complete coverage auto insurance policy includes both collision and comprehensive coverage. These coverages are not required by law in Alaska (or any other state) but can give you peace of mind in case of an accident, theft, vandalism, or other event involving your vehicle.
If your regular vehicle is damaged or being repaired after a covered event, Umialik will reimburse you for the cost of renting a car during that time.
Up to a specified limit, Umialik provides roadside assistance coverage to its customers in the form of emergency repairs, fuel deliveries, and other forms of roadside service. For a small increase in premiums each month, you can include roadside assistance in your policy. This protection is known by a few different names in Umialik: towing and labor coverage, HELP coverage, and highway emergency loss protection.
Umialik provides auto glass coverage, which can be used to file a claim for the repair or replacement of broken or chipped auto glass, such as windshields. For a nominal monthly premium, Umialik will cover all of your glass windows and doors.
Gap insurance, also known as auto loan or lease coverage, is something Umialik provides. Loan/lease gap insurance pays the difference between the current market value of your vehicle and the balance of your loan or lease.
Umialik provides new vehicle replacement cost coverage. If an accident renders your brand-new car a total loss, Umialik may cover the expense of purchasing a new vehicle for you.
Both PIP and medical payments coverage are optional in Alaska. These coverages are not mandatory, but Umialik does offer them as an extra so that you can get paid back for your medical bills and other losses in the event of an accident.
The Progressive Corporation is an American insurance giant that ranks first among commercial auto insurers and third among all insurance companies in the country. Jack Green and Joseph M. Lewis founded the company in 1937, and it has been headquartered in Mayfield Village, Ohio, ever since. The fleet of vehicles covered by this insurer includes personal automobiles, motorcycles, recreational vehicles, trailers, boats, personal watercraft, and trucks and vans. In addition to auto insurance, certain Progressive partners also offer policies for homeowners, life, and pets. In addition to domestic growth, Progressive now provides auto insurance in Australia.
Although Progressive is one of the more affordable options, some drivers may actually save more money by switching to another company, such as USAA, Erie, Auto-Owners, State Farm, or Geico. Compare Progressive's rates with those of other leading auto insurers below.
Car Insurance Provider
Average Annual Cost Estimate
There are a number of variables that go into determining the cost of your auto insurance, so it's possible to compare wildly varying quotes. Except in the states of California, Hawaii, and Massachusetts, auto insurance premiums are generally higher for drivers with poor credit ratings. Insurance premiums will also be higher if you are a young driver or have a poor driving record. Additional Progressive full coverage rate estimates based on the above mentioned driving profiles are provided below.
Progressive Average Annual Cost Estimate
National Average Annual Cost Estimate
35-year-old driver with good credit and driving history
24-year-old driver with good credit and driving history
35-year-old driver with poor credit
35-year-old driver with a recent accident
35-year-old driver with a DUI
|Photo: Insurance Journal|
Government Employees Insurance Company is a national auto insurance provider based out of Chevy Chase, Maryland in the United States. After State Farm, it is the largest auto insurance provider in the United States. To date as of 2017, GEICO, a Berkshire Hathaway subsidiary, has insured over 24 million vehicles belonging to over 15 million policyholders. All 50 states and DC are covered by GEICO's private passenger auto insurance offerings. The company's policies can be purchased in-person from local representatives (known as GEICO Field Representatives), over the phone with licensed insurance agents, or online. From 2005 until his dismissal in 2015 over a salary dispute, English actor Jake Wood provided the voice of its mascot, a gold dust day gecko with a Cockney accent. GEICO has made numerous comedic commercials over the years, contributing to the company's prominent position in pop culture.
Geico Auto Insurance Discounts
To attract and retain customers, Geico provides many different kinds of auto insurance discounts. Geico rewards safe drivers with a variety of discounts, including those for good grades in school and brand-new car purchases.
Special price for an anti-theft system. Have an in-car anti-theft system in your vehicle? Geico can cut your auto insurance premiums by as much as 23%.
Savings on airbags. Auto insurance premium discounts of up to 23% are available for vehicles equipped with airbags.
The price of anti-lock brakes is discounted. Have anti-lock brakes installed and get a 5% discount.
Savings on a brand-new car. Savings of up to 15% on auto insurance from Geico are possible for drivers who have vehicles that are three years old or less.
Savings on daytime running lights. You may be eligible for a 3% discount if your car or truck comes with daytime running lights as standard equipment.
Savings for being accident-free. It's possible to save as much as 22% if you go five years without causing an accident.
Coupon for drivers who practice defensive driving. Geico may offer you a discount on your car insurance if you successfully complete a defensive driving program.
Rebate for completing a driver's education program. Discounts on auto insurance premiums are sometimes available if a teen driver successfully completes a driver education program.
Discounts for students are very reasonable. Students enrolled full-time who maintain a B average or higher can receive a 15% discount.
Special pricing for the armed forces. Discounts of up to 15% are available to all military personnel, whether they are veterans, active duty, or part of the National Guard.
Discounts for membership and staff groups. If you belong to one of Geico's 500+ approved groups or organizations, you could save even more on your insurance premiums.
Multi-car discount. You may be eligible for a discount of up to 25% from Geico if you insure multiple vehicles with them.
Group discounting on multiple policies. Geico may offer a discount on your auto insurance premium if you also insure your home, apartment, condo, or mobile home with them.
More Insurance from Geico
Geico offers a variety of policies to safeguard you against financial loss, not just auto and home insurance. Medical malpractice insurance can be purchased from the Geico Insurance Agency to protect those working in the health and wellness industry from financial ruin in the event of a malpractice suit.
Geico Insurance Agency provides travel protection for those who love to pack their bags and see the world. Costs associated with things like missed connections, flight delays, and lost luggage may be covered by this insurance.
Geico also offers commercial and pet insurance, among other options.
In the United States, there is an insurance provider known as Safeco Insurance that is affiliated with the Liberty Mutual Group. From the ballpark's debut in 1999 until the conclusion of the 2018 season, it was known as Safeco Field, home of the Seattle Mariners of Major League Baseball.
Safeco policies include the following common forms of coverage, but the company also provides the following unique options:
Accident-related first aid expenses up to $10,000 will be covered by the insurance company.
Safeco will not increase your rates following your first accident if you have maintained a claim-free driving record for a predetermined period of time.
Safeco will lower your collision deductible by $100 per year, up to $500 or five years, whichever comes first, if you don't file any claims on your auto insurance policy.
Additionally, if made available in your state, you can select from a variety of coverage options, such as:
In the event that you are using a ridesharing app such as Uber or Lyft, your personal insurance policy will be temporarily voided. However, there is a time limit on the ridesharing company's insurance coverage. Most drivers in states where Safeco's gap insurance is available can get it for less than $10 monthly.
If your car is less than a year old and is stolen or destroyed, Safeco will pay for a brand-new replacement vehicle.
If your belongings are stolen from your car or damaged in an accident, you can collect on your personal property coverage. If you have renters' or homeowners' insurance, you're probably covered.
If you are involved in an accident more than 25 miles from home, you will be provided with emergency assistance, which includes roadside assistance, personal property protection, up to $100 in expenses, and up to $500 in meals, lodging, and transportation.
If your car is stolen or written off, Safeco will cover the difference between the amount still owed on your loan or lease and the amount your car is worth under your gap policy.
Loss or theft of electronic keys, remote control pads, or locks will result in immediate payment, with no waiting period or waiting period for replacement.
In the event of the loss or destruction of your audiovisual media, such as DVDs, CDs, or videotapes, you will be compensated by your CD and DVD replacement policy.
Permanently installed audiovisual equipment, a modified or custom engine, roll bars, custom wheels, murals, and decals are all examples of non-factory or dealer-installed equipment that can be protected by custom equipment insurance.
If your dog or cat is hurt or killed in an accident, pet insurance will cover the cost of medical care or provide a death benefit to the owner.
In 1931, the now-hugely-popular Allstate Insurance Company was established specifically to provide coverage for automobiles. The first policy, for a 1930 Studebaker, was a 12-month plan that cost $41.60. Curious about the origins of the Allstate name? The concept was inspired by a tire sold by Sears. For personal auto insurance, Allstate is currently ranked number four, behind only State Farm, Geico, and Progressive.
Allstate Car Insurance
Allstate sells insurance for cars, RVs, ATVs, motorcycles and boats. For those who have classic cars and want to protect their antique cars, Allstate also sells classic car insurance. Optional coverage types include:
Uninsured and underinsured motorist
Sound system insurance
Personal injury protection
As an optional addition to your Allstate auto insurance policy, accident forgiveness protects you from rate increases resulting from traffic collisions. This insurance "forgives" accidents and does not raise rates based on who was at fault.
Consider purchasing new car replacement insurance if you recently purchased a vehicle. If your car is less than two model years old and is written off in an accident that is covered by your insurance, this provision will pay for a brand new vehicle of the same make and model.
Allstate also provides rideshare insurance and a supplemental policy for drivers crossing the border into Mexico.
Allstate Car Insurance Discounts
Allstate provides several savings opportunities, including those for good drivers. Savings opportunities like the teenSMART driver education program and the smart student discount are available to parents of teen drivers. Added safety features like anti-lock brakes and anti-theft alarms can save you money, too. In addition to these other Allstate auto insurance discounts:
If you have more than one policy with Allstate, you may be eligible for a discounted rate.
There is a possible discount for signing your policy seven or more days before it goes into effect.
You are eligible for a discount if you have been a "responsible payer" and have not received a cancellation notice within the past year.
Savings on anti-lock brake systems. Auto insurance premium discounts are available to drivers whose vehicles are equipped with anti-lock brakes.
If you are the first owner of a vehicle that is either the current model year or the model year before it, you may qualify for a discount on your insurance premiums.
Reduced price if you don't steal. Having an anti-theft device installed in your vehicle can reduce the cost of your monthly insurance payment.
Set up an automatic payment schedule and receive a discount—the that's EZ plan pay discount.
There is a discount available through Allstate eSmart if you switch to an ePolicy and ditch paper documents.
FullPay savings: pay your annual premium in full and save.
Discount for members of the "Safe Driving Club"; membership in the "Safe Driving Club" is contingent upon meeting certain safe driving criteria.
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