Alaska Homeowners Insurance

What You Need to Know about Alaska Homeowners Insurance

(Find the right homeowners insurance policy for you)

Even though Alaska is a remote state, Alaska homeowners insurance rates are lower than the national average.  This may come as a surprise to you — but this article will explain more about insurance needs for Alaskans.

Though rates in Alaska may be lower than average, house and property policy rates for each home are always unique. A local® agent can compare Alaska home insurance quotes for state residents. These agents can help you find reasonably priced coverage and feel secure with your choice later. Use our independent agent matching system to find the best insurance plan in your area. You tell us what you’re looking for, and our technology will recommend the best agents for you. Any information you provide will be sent to only the agents you pick. We do not sell to third parties.

What Is the Average Cost of Homeowners Insurance in Alaska?

  • National yearly premium average: $1,211
  • Alaska yearly premium average: $959
  • 37th most expensive premium in the US

Alaskans may expect their rates to be less than the national averages. Of course the exact price will depend on many factors. Some of these include the exact location, type of home, and even the particular Alaska homeowners insurance company chosen.

It may be helpful to review some common hazard claims in Alaska in order to understand costs and coverage.

Homeowner Losses In Alaska

Many people associate Alaska with snow and severe weather, so it may be surprising to see that state residents do not have claims for catastrophes. Homeowner claims in Alaska are the third lowest in the country at $78 million. 

The exact location of a house and property will affect risk of certain kinds of damage from the weather and other threats. A good homeowners policy will cover a number of hazards that may threaten your home. In order to protect a home against water damage, an extra endorsement or coverage from the National Flood Insurance Program (NFIP) might be needed.

Number of Burglaries in Alaska

  • National average for burglaries: 3.76 per thousand population
  • Alaska number of burglaries: 5.39 per thousand population

The rate of burglaries in Alaska is a bit higher than the national average. A good burglar alarm system can help. For unpredictable events like theft , you should purchase coverage for your house and your personal belongings.

Where Can Residents Compare Alaska Home Insurance Quotes? 

An independent agent can help clients compare Alaska homeowners insurance premium rates and plans. He or she should also be willing to answer questions, suggest policy options, and help handle claims after the policy has been issued.

Alaskan homeowners cannot all be expected to become insurance experts just to buy the best coverage from the right insurer, but you need good coverage to protect your valuable home and property. A knowledgeable agent can save clients lots of time and money.

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