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Cheapest Car Insurance Companies in Fairbanks, Alaska

With countless car insurance companies to choose from in Fairbanks, Alaska, getting cheap coverage can feel like finding a needle in a haystack. However, the research team at PennyGeeks haven taken the time to compare offerings from the city’s top providers to help you score the lowest premiums.

Cheapest Car Insurance Companies in Fairbanks

Best Car Insurance Companies

Minimum Car Insurance Requirements

Penalties for Driving Without Auto Insurance

Cheapest Car Insurance Companies in Fairbanks

If you want to lower your car insurance premiums in Fairbanks, it pays to compare quotes from the top providers in the city. But with so many options to choose from, it can take hours of painstaking research to find the most affordable rates. Use our Quote Comparison Portal to speed up your search for a new policy – Click Here to start comparing the options. Below, you can find a list of recommended insurers for specific motorist categories:
 

Cheapest InsurerDriver Category
Liberty MutualSafe Drivers
USAADrivers in the Military
State FarmLow Annual Mileage
ProgressiveHigh-Risk Drivers
Allstate
Senior Drivers

Best Car Insurance Companies in Fairbanks

By analyzing consumer feedback such as complaint data and reviews, our Geeks ranked Fairbanks’ insurers to find the best providers. You can take a look at a snapshot of their results right here:

 

RankCompanyOur Rating
1ProgressiveA
2Liberty MutualA-
3Allstate
B+
4USAAB

Minimum Car Insurance Requirements in Fairbanks

As a driver in Fairbanks, you are required to purchase an auto insurance policy meeting Alaska’s mandatory minimum coverage limits. These requirements include:

  • $25,000 in coverage for property damage in an accident
  • $50,000 in coverage for bodily injury or death per person in an accident
  • $100,000 in coverage for total bodily injuries in an accident

Penalties for Driving Without Auto Insurance in Fairbanks

Whether you let your insurance lapse or decided to risk it all by driving without coverage, violating Alaska’s strict insurance laws can have dire consequences. At any point while you’re on the road, Fairbanks authorities can and most likely will request to see evidence your car is insured up to the state’s mandated minimum liability limits. If you cannot present proof of a current policy or your vehicle is flagged as uninsured by the state’s electronic database, your license may be suspended and you could be fined up to $500.

After a license suspension, you will be required to fulfill SR-22 requirements before your driving privileges are reinstated. This process involves purchasing “SR-22” insurance and having your new insurer file a certificate on your behalf showing you are covered up to Alaska’s minimum liability limits.

Typically, you will be required to maintain this type of policy for a period of 3 years. If your coverage lapses during this window of time, you driving privileges will be revoked and you will be forced to restart the filing process from scratch.

Fairbanks Car Insurance FAQs

What types of auto Insurance are available in Fairbanks?

Liability coverage will kick in to cover damages sustained by other parties in an accident you caused. However, in a severe car crash, the minimum policy limits mandated by the state may not be enough to reimburse the other drivers for medical bills and repair costs stemming from the crash. As a result, you would have to fork over your own money to cover the difference.

Many providers offer no-fault features such as Personal Injury Protection (PIP) that will cover a portion of your medical bills regardless of whether you caused the accident or not. Extra components such as collision coverage will cover the cost of repairs to your vehicle after a crash. Some motorists choose to purchase uninsured/underinsured motorist protection to pay for damage sustained in an accident with an at-fault motorist who is uninsured.

 

Cheapest Car Insurance Companies in Fairbanks, Alaska