Anchorage Car Insurance

Your Complete Car Insurance Guide for Anchorage

Meg Stefanac | May 22, 2018

Anchorage is Alaska’s most populous city; more than 40 percent of the state’s total population resides there. 

Anchorage is also a popular tourist destination.

Busy, icy, and snowy roads in Anchorage can become dangerous at any time of the year. With the right car insurance, Anchorage drivers can feel protected when they get behind the wheel. 

Trusted Choice® Independent Insurance Agents can assess the unique risks you face as an Alaska driver. Our local, friendly agents will work hard to find you an Anchorage auto insurance policy that meets your family’s needs and budget.

Cost of Car Insurance in Anchorage

Did You know? The average cost of Anchorage car insurance is $140 per month.

Anchorage car insurance can be affordable for most drivers. Remember that auto insurance prices are very personal. Insurance companies consider: 

  • Your car’s age, make and model
  • Your average annual mileage
  • Where you live

Your age and other personal characteristics also play a role. But no one should overpay for car insurance.

A Trusted Choice agent will find an Anchorage car insurance policy that protects you from the risks you face and fits within your budget.

What does Anchorage car insurance actually do for me? 

Car insurance helps you pay for damage or injuries that you cause if you are at fault for an accident. 

In fact, Alaska drivers are required to purchase a minimum amount of liability insurance that covers property damage and bodily injury claims. But the minimum coverage is rarely enough for a serious crash. 

And you may want to purchase additional coverage that helps you pay if your own car is stolen or damaged in some other way.

Here is how an Anchorage car insurance policy can help.

  • Bodily Injury Liability: $50,000 per person, $100,000 per accident required
  • Property Damage Liability: $25,000 required
  • Personal Injury Protection (PIP): $50,000 required

Who pays if the accident wasn’t my fault?

The driver who caused the accident, of course. Approximately 13.2% of drivers in Alaska drivers are uninsured.

That's where “uninsured motorist coverage” comes in. If an uninsured driver causes an accident, it pays for your vehicle damage and medical bills in the absence of the at-fault driver’s insurance. Some states require all drivers to purchase uninsured motorist coverage. But Alaska does not require you to have uninsured motorist coverage. 

What Affects The Cost of Anchorage Car Insurance?

Monthly auto insurance premiums can range from less than $50 to hundreds of dollars. The cost of your Anchorage car insurance policy will be based on things like:

  • Your age
  • Your gender
  • Where you live
  • Your driving history
  • The number of cars in your household, and more

Some insurance companies even look at your credit rating when determining your rates. 

Ultimately, they want to know how big of a risk you are to insure. If, for example, you drive an expensive car or you live somewhere with a high rate of auto theft, you are a bigger risk than others and may pay more for car insurance. 

But keep in mind, most insurance companies also offer a variety of discounts that you might qualify for. A Trusted Choice insurance agent can help you maximize the discounts that you are eligible for. 

More City factors that will Affect Your Rate:

Commute Time

More time spent on the roads means a greater likelihood that you could be in an accident. 

Drivers with shorter commute times generally pay less for car insurance. The average commute time for Anchorage drivers is below the national average. 

  • National average: 25.4 minutes
  • Anchorage average: 18.9 minutes

Number of Auto Thefts in Anchorage

  • National number of thefts for 1,000 vehicles: 2.94
  • Number of thefts for 1,000 vehicles in Albany: 3.09 

Anchorage has a higher incidence of car thefts than the U.S. overall. You might pay more for Anchorage car insurance as a result. 

No matter where you live, your car can be a target for thieves. With Anchorage car insurance, you can be confident that if you are a victim, you will receive assistance and compensation to help you get back behind the wheel.

Meanwhile, always take precautions to protect your car. 

  • Never leave your keys in your car
  • Always park in safe, well-lit areas
  • Always lock your car, even at home

Find Affordable Car Insurance in Anchorage

Our Trusted Choice Independent Insurance Agents are proud to be able to offer a variety of car insurance options for Anchorage residents. 

An independent agent can work with multiple insurance companies to make sure you are making the best choice for your budget. And our local agents will get to know you, and will make sure your risks are tackled with the right coverage. 

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