Alaska Car Insurance

What You Need to Know About Alaska Car Insurance in 2017

The unique climate and geography in Alaska cannot be matched anywhere in the continental U.S., and this state is a haven for those who enjoy scenic drives. If you own a vehicle in the Last Frontier State, you probably know that when it comes to car insurance, premiums here tend to be higher. Finding affordable Alaska car insurance can be a challenge.

Local independent agents in the Trusted Choice® network are available to help you compare rates, optimize your coverage, and answer your questions. An agent in your area can help you compare Alaska auto insurance quotes from multiple insurers and choose the right coverage for you, with any available discounts. Contact a local member agent today for assistance.

Alaska Car Insurance Costs:

  • National average cost per year: $1,474
  • Alaska average cost per year: $1,605
  • 37th least expensive premium in the US

Alaska Car Insurance Requirements:

  • Bodily injury liability: required
  • Property damage liability: required
  • Personal Injury Protection (PIP): not required
  • Uninsured motorist: not required
  • Minimum liability limits: 50/100/25
    • Coverage up to $100,000 for all persons injured in an accident, subject to a limit of $50,000 for one individual, and $25,000 coverage for property damage.

Liability insurance is a must here in Alaska. This coverage protects other drivers and passengers if you are at fault in an accident, while also protecting you financially from liability claims. If you do not carry at least the minimum liability coverage, you could lose your license for 90 days for a first offense, and up to one year for repeat offenses. Be sure to talk with your agent about how much liability coverage makes sense for you, as the minimums are often not adequate.

While personal injury protection is not required in Alaska, many insurance professionals recommend you carry this coverage in case you are injured in an accident and accrue medical bills or lose wages. PIP coverage protects you regardless of who is at fault.

Alaska Uninsured Motorists:

  • National uninsured motorists: 12.6%
  • Alaska uninsured motorists: 13.2%
  • Alaska average vehicle repair cost: $2,628

The percentage of residents without the required Alaska car insurance is slightly higher than the national average. The risk of accident with an uninsured motorist is significant. For this reason, an uninsured/underinsured motorist policy is a valuable purchase. 

With this coverage in place, if an uninsured motorist causes an accident in which you are injured or your car is damaged, your insurance company will cover the cost of damages. The insurer may turn around and try to collect damages from the at-fault driver. This way, your losses are minimized in a situation where the other driver may be unable to pay for the damages. This particular coverage is not required in Alaska, but it is a good idea to review this option with your agent.

Number of Thefts in Alaska:

  • National car theft rate (per 1,000 registered vehicles): 2.94
  • Alaska car theft rate (per 1,000 registered vehicles): 2.05

While Alaska ranks below the national average for the rate of stolen vehicles, theft is always a risk to consider. The National Insurance Crime Bureau reports that the metropolitan areas of Anchorage and Fairbanks are hot spots for auto theft. Comprehensive insurance can help protect you against loss or damage from car thieves or vandals.

Do You Need Alaska Car Insurance?

Getting the right coverage in place is critical, and can help you to be prepared for everything from a fender bender to a potential lawsuit if you are at fault in an accident. It all starts with comparing Alaska auto insurance quotes matched to your coverage needs.

An independent agent in the Trusted Choice network can shop for a top rated and affordable policy for you. Contact one of these agents today, right in your area, who can help you review several car insurance quotes and make an informed choice regarding your coverage.

Now, who's ready to get their insurance problems solved?