Are you looking for cheap car insurance in Alaska? We have great news. Cheapinsurance.com will help in the journey toward affordable car insurance quotes in Alaska.
Alaskan Adventure Awaits: 2024 Updates & Alaska Cheap Car Insurance Insights
Gearing up for your Alaskan road trip? Stay informed and protected with a quick look at 2024 updates:
Alaska Vehicle Code Changes:
- Alcohol laws: The Title 4 Rewrite, effective January 1st, 2024, streamlines and clarifies alcohol regulations. This includes adjustments to licensing procedures, enforcement practices, and public safety measures. (Source: Alaska Department of Commerce, Community, and Economic Development)
- Motorcycles & lane splitting: While not explicitly legal, the rewrite clarifies that lane splitting is not explicitly prohibited by state law. However, riders must always operate safely and avoid endangering other motorists. (Source: Alaska Division of Motor Vehicles)
- Marijuana laws: Upcoming regulations for retail marijuana businesses are expected in April 2024. These may impact transportation of legal cannabis products. Stay informed through the Marijuana Control Board. (Source: Alaska Marijuana Control Board)
Auto Insurance Quotes in Alaska (2024):
(Sources: Quadrant Information Services, Bankrate)
Company | Minimum Coverage | Full Coverage |
State Farm | $247 | $670 |
Farmers | $282 | $640 |
Liberty Mutual | $275 | $715 |
Geico | $239 | $590 |
Progressive | $256 | $620 |
Alaska has a high cost of living, reflected in vehicle insurance rates. Individual rates may vary significantly based on factors like location, driving history, and vehicle type.
Alaska Auto Insurance Facts
Alaska has some of the harshest driving conditions in the US with extreme snow, rain, and active wildlife. Here are a few more facts you should know about coverages for vehicle insurance in Alaska.
- Alaska requires drivers to carry a minimum of $50,000 bodily injury coverage per person.
- Drivers must also have a minimum of $100,000 coverage per accident.
- Alaska has a fault system, meaning those deemed responsible for the accident must cover losses up to their policy limits.
- There are 529,281 licensed drivers in Alaska.
- Car registration lasts for 2 years.
- Car insurance premiums cost an annual average of $1,559 for full coverage and $373 for minimum coverage.
Minimum Alaska Car Insurance Coverage
The state requires Alaska drivers to obtain a minimum car insurance coverage for bodily injury and property damage. These minimums include:
- Bodily injury: $50,000 per person for bodily injury and $100,000 per accident
- Property damage: $25,000 total for property damage per accident
Cheap Car Insurance Quotes In Alaska
Sometimes getting cheap car insurance in Alaska is as easy as asking about qualifying programs. Here are some ways to get budget friendly premiums.
- Compare prices: Every car insurance provider has different prices, so it’s best to shop around for inexpensive auto insurance quotes before deciding on the best insurance quote.
- Avoid unnecessary coverage: Don’t pay for insurance coverage you don’t need.
- Change your payment schedule: Enrolling in automatic or online payments could reduce car insurance quotes.
- Alaska insurance programs: State programs often provide auto insurance discounts to service members and other qualifying drivers.
Alaska Vehicle Insurance Discounts
Here are some vehicle insurance discounts:
- Good Driver: In Alaska, some drivers can receive a discount for being a good driver.
- Good Student: Are you a young adult driver with good grades? You qualify for good student discount on automobile insurance.
FAQ
What is the average cost for car insurance in Alaska?
Car insurance costs an average of $1,599 for full coverage and $373 for minimum coverage.
How much is auto insurance per month in Alaska?
Monthly rates for auto insurance in Alaska average between $31 and $130.
What is the penalty for driving without automobile insurance in Alaska?
Those who drive without a license in Alaska may be subject to a fine or have their license and registration revoked.
What is driving like in Alaska?
Alaska has an average of 69 fatal crashes per year and 80 deaths from car accidents. About 16% of motorists are uninsured.
How can I get cheap insurance in Alaska?
Save money on auto insurance quotes by following these tips:
- Inquire about multi-car discounts when insuring more than one vehicle
- Apply for mature driver and good driver discounts
- Ask about discounts for safety features like anti-theft devices and airbags
- Pay your premium using an installment plan
- Switch to a higher deductible plan
Other Additional Types of Insurance Coverages
Many drivers should consider additional types of coverage when driving:
Uninsured Motorist Coverage (UMC)/Underinsured Motorist coverage (UIM)
Physical Damage Coverage
