When shopping for cheap auto insurance in Alaska, the sheer number of companies vying for your business can make it difficult to narrow down your choices. Our Geeks have made it their mission to help you save time by comparing insurance quotes from nine top providers.
Below you will find our estimated car insurance rates for the following driver types:
Best Rates For Drivers With No Recent Accidents
Our Geeks discovered that State Farm and Allstate offer the best cheap auto insurance for motorists who had a clean five-year accident history. These insurance companies consider safe drivers to be less of a liability, which is why they typically charge accident-free drivers less for coverage. If you’ve driven safely for many consecutive years but you’re still struggling to pay your car insurance premiums, consider getting quotes from these two companies.
Best Rates For Teen Drivers
Teenagers are far more likely to be involved in a car accident than older drivers with more experience. That makes them a liability to insurance providers. When shopping for vehicle insurance for teens, you may find that prices vary widely. In our study, the hypothetical driver was an 18 year old who hadn’t caused any accidents or received any traffic citations.
Best Insurance Rates For Drivers With A DUI
It goes without saying that alcohol and driving are not a good combination. If you’ve been convicted of driving under the influence, you’re probably paying more for insurance than you were before your charges.
In our study, we analyzed the car insurance rates for a driver who had one DUI but otherwise had clear driving and criminal records. State Farm was found to offer the lowest rates for motorists with a DUI conviction in Alaska.
Best Rates For Senior Drivers
Although being a senior might not automatically guarantee lower car insurance premiums, older drivers tend to pay less because they’re not on the road as often as their younger counterparts. The driver in our study was age 65, traveled only 4,000 miles per year, and was a homeowner.
The vehicle for all segments was a Toyota Corolla model year 2014. The driver in the “DUI” and “No Recent Collisions” segments was age 29. The mileage used in most categories was 12,000 per year. Our estimates are based on average premiums for males and females in five zip codes throughout Alaska. All drivers in our study were purchasing the minimum liability coverage, but we added 50/100/25 uninsured motorist coverage to all categories except teen drivers.
What Is The Minimum Required Car Insurance Coverage In Alaska?
In Alaska, the minimum required car insurance coverage is:
- Bodily Injury Liability Per Person: $50,000
- Bodily Injury Liability Per Accident: $100,000
- Property Damage Liability: $25,000
Alaska Car Insurance FAQs
What Is Alaska’s Mandatory Liability Insurance Law?
In Alaska, registered drivers are required to possess car insurance that fulfills certain minimum liability coverage requirements. The purpose of this insurance is to cover the cost of medical bills and property damage a driver causes in an accident. Alaska is a “fault” state, which means a driver who causes an accident is financially responsible for any damages that other people incur as a result.
Will My Liability Insurance Cover Other People Who Drive My Vehicle?
In Alaska, your mandatory liability insurance should apply if one of your family members was driving your vehicle at the time of the crash, or if you have allowed someone else to use your car. However, this might not be the case depending on the terms of your policy.
Types of Auto Insurance in Alaska
Liability coverage only pays for medical bills and property damage incurred by other people in accidents that you cause, up to your policy limits. If you cause a serious crash, these limits might not be enough to cover all the damages, and you might have to pay the difference out of your own pocket. Also, if you are hit by an uninsured or underinsured driver, your liability policy will not cover your losses.
If you invest in personal injury protection (PIP) coverage, it will pay at least a portion of your car accident-related medical bills no matter who caused the crash. Collision coverage will pay for repairs to your damaged vehicle after a crash, and uninsured/underinsured motorist coverage will pay for damages you incur after a crash with an uninsured/underinsured driver.
Should I Raise My Car Insurance Liability Limits?
This is not a straightforward question with a blanket yes-or-no answer. The coverage you need will depends on your own driving habits and circumstances. How old are you? What kind of driver are you? How often do you drive and how far? Do you travel mainly on highways or in residential areas? Do you regularly transport family members in your vehicle? How old is your vehicle and what is its value?
These and other questions are key to determining the amount of coverage you should purchase. But generally speaking, it’s a good idea to purchase coverage that exceeds the state’s minimum limits so you have more financial security in the worst-case scenario.
What If I Was Involved in an Accident and Uninsured?
Drivers who are involved in a crash in Alaska must provide proof of insurance to the Division of Motor Vehicles within 15 days of the accident. This applies to all parties, even those who did not cause the collision. If you are uninsured or fail to provide this proof within the allotted time period, your driver’s license could be suspended for 90 days for a first offense and up to a full year if you are a repeat offender.
What Constitutes Auto Insurance Fraud in Alaska?
Insurance fraud is categorized as either “hard” or “soft” fraud. A person may be accused of hard car insurance fraud if they deliberately stage a car accident, for example, or purposefully damage their vehicle and pretend another person was responsible.
Soft insurance fraud is usually more subtle and involves lying or distorting the truth. For example, if you claim after a car accident that your vehicle sustained major damage when you know it did not or demand compensation for injuries that were present before the crash, these would be typical cases of soft car insurance fraud.
How Are Car Insurance Premiums Calculated in Alaska?
Car insurance companies look at a range of criteria when determining premiums. Generally speaking, the better your risk profile, the lower your premium will be. Besides your driving record, the insurance company might consider your gender and marital status, as well as the make, model, and age of your car, and your credit history.
Your deductible will also have an effect on your insurance rates. This is the amount you are responsible for paying toward a car accident claim before your insurance coverage applies. The higher this amount, the lower your insurance premium will be.
How Does Alaska’s Points System Work?
Alaska’s points-based traffic violation system aims to identify dangerous drivers and keep them off the road. Every time you are convicted of a traffic violation in Alaska, you will have points added to your record. These points can lead to a license suspension and other punishments. They can also drive your insurance premium through the roof.
Your license will be suspended if you are given:
- 12 points in a year, or
- 18 points in a two-year period.
Most traffic violations fall into a range of 2 to 10 points. Violations that are likely to lead to crashes or fatalities are assigned higher points values. For example, you could earn up to 4 points if you are caught following another car too closely or not stopping or yielding when required to do so. If you are caught driving while uninsured, you could be given 6 points.
Drivers will be given 10 points if they are involved in dangerous driving offenses such as:
- Driving under the influence
- Fleeing from a police or traffic officer
- Taking part in a street race
- Vehicular manslaughter
Staying points-free is one of the most effective ways to keep your car insurance premium as low as possible because it shows you are a low-risk policyholder. For every 12 months that you do not accrue new points, 2 points will be removed from your record. That time period begins on the date of your last conviction.
What Should I Do After a Car Accident in Alaska?
1. Stay where you are.
Leaving the scene of an accident that results in a death, injury, or significant property damage may result in criminal charges. If necessary, move your vehicle out of the way of oncoming traffic to prevent further accidents.
2. Draw attention to the scene.
Other drivers may not notice the stalled or damaged vehicles up ahead. Warn them by placing reflective triangles or flares on the road.
3. Attend to the injured.
Look for injuries and contact emergency medical services if necessary. Do not move a victim if he or she appears to have been critically injured.
4. Exchange information.
Approach the other drivers and share your:
- License number
- License plate number
- Telephone number
- Car insurance company
5. Contact the authorities.
In Alaska, if a crash occurrs within a municipality, the drivers should get in touch with the local police department. Otherwise, contact the Alaska State Troopers.
6. Don’t skip the paperwork.
Notify your car insurance company immediately. Failing to report the accident could lead to a denial of your claim.
Alaska Car Accident Statistics
In 2017, Alaska experienced 79 traffic fatalities in 75 crashes. This marked a 6% decrease in fatalities and a 4% decrease in fatal crashes from 2016, according to the Alaska Department of Transportation and Public Facilities: Alaska Highway Safety Office.
Between 2003 and 2012, 222 people were killed in crashes involving a drunk driver in Alaska, according to research collected by the Centers for Disease Control and Prevention.
In Alaska, five motorcyclists, 12 pedestrians, and 84 cyclists were killed in road accidents, and a total of four fatal crashes involving large trucks took place in 2016, according to the National Highway Traffic Safety Administration.