Cheap Insurance Fairbanks
Fairbanks is the biggest city in Alaska’s interior, with a population of over 100,000 (if you count the entire borough). It is also home to one of Alaska’s biggest colleges, the University of Alaska Fairbanks. With over 10,000 students, a lot of the city’s population is composed of young drivers which can raise the average cost of auto insurance in the area. Because of population changes that force insurance companies to frequently review their rates, we suggest re-shopping your auto policy at least twice a year. With online tools like ours, it only takes a few minutes to compare the choices for cheap insurance Fairbanks can offer.
Other information about Fairbanks:
- The average age of Fairbanks streets is around 30 years, so road maintenance is a major issue. This can cause a lot of wear on your vehicle and your tires so be sure to get both checked regularly to help prevent accidents or disablement.
- MACS provides bus service in the urban parts of the city. Most residents rely on their cars for their daily commute though.
- The crime rate is one of the highest in the nation (not in total number of crimes, but per capita). There were 112 cars stolen in 2012 which, for a city of Fairbank’s size, is higher than it should be. The rates for comprehensive coverage on your auto policy are affected by this statistic.
- The cost of living is about 10% lower than the state’s average, with housing costs being significantly cheaper. Utilities represent the most expensive factor in the city’s cost of living, in part because they are privately owned and in cold weather climates energy costs tend to be higher.