Cheap Car Insurance in Alaska for 2024

Geico offers the cheapest car insurance in Alaska, with an average annual rate of $1,217 for full coverage.
Updated
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Written by Ben Moore
Assistant Assigning Editor

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Auto insurance is an important purchase, but finding cheap car insurance in Alaska isn’t always easy. The best way to find cheap car insurance is to compare rates from multiple insurers.

The cheapest car insurance company in Alaska is Geico at $1,148 per year on average, or $96 per month, according to the most recent NerdWallet analysis of full coverage car insurance rates in Alaska. Meanwhile, the average cost of full coverage car insurance in Alaska is $1,734 per year, or about $145 per month.

🤓Nerdy Tip

Did your rates go up? Auto insurance prices are on the rise in Alaska. Be sure to get car insurance quotes from three or more companies to find the lowest rate possible.

Minimum coverage in Alaska is $322 per year on average, but we found you can likely get a cheaper policy. For example, Allstate offers the cheapest rates in Alaska at $287 per year, on average, for minimum coverage car insurance for a 35-year-old driver with a clean driving record.

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How we chose the cheapest companies in Alaska

NerdWallet’s editorial team analyzed car insurance rates from 6 auto insurers in Alaska and listed the five cheapest options for drivers in several age brackets and with different histories, all driving a 2021 Toyota Camry LE. For minimum coverage, we looked at rates that reflect the minimum requirements in Alaska. For full coverage, we used the below coverage limits:

  • $100,000 bodily injury liability per person.

  • $300,000 bodily injury liability per accident.

  • $50,000 property damage liability per accident.

  • $100,000 uninsured motorist coverage per person.

  • $300,000 uninsured motorist coverage per accident.

  • Collision coverage with a $1,000 deductible.

  • Comprehensive coverage with a $1,000 deductible.

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate outliers and inaccuracies in pricing data, which include rates from every locale in Alaska where coverage is offered and data is available. When comparing rates for different coverage amounts, ages and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

Cheapest for 20-year-old drivers

Drivers in their 20s may have to get a lot of quotes to find the best cheap car insurance. Prices can be sky-high for younger 20-somethings, but tend to come down as drivers get more experience on the road. Still, some companies routinely have better insurance rates for young drivers, so it's best to shop around to find them.

Cheapest full coverage car insurance in Alaska for 20-year-olds

Drivers in Alaska with clean driving records may want to consider the following companies, which had the lowest average rates:

  1. Geico: $2,147 per year, or about $179 per month.
  2. Umialik: $2,885 per year, or about $240 per month.
  3. Progressive: $3,519 per year, or about $293 per month.
  4. State Farm: $5,218 per year, or about $435 per month.
  5. Allstate: $5,685 per year, or about $474 per month.

Cheapest minimum coverage car insurance in Alaska for 20-year-olds

Drivers in Alaska who want just the state minimum coverage may want to check with these companies, which had the lowest average rates:

  1. Geico: $621 per year, or about $52 per month.
  2. Allstate: $728 per year, or about $61 per month.
  3. Umialik: $776 per year, or about $65 per month.
  4. Progressive: $1,233 per year, or about $103 per month.
  5. State Farm: $1,243 per year, or about $104 per month.

Cheapest auto insurance in Alaska for 20-year-olds with poor credit

Drivers with poor credit in Alaska should look at the following insurers with the lowest average rates for minimum coverage:

  1. Geico: $733 per year, or about $61 per month.
  2. Allstate: $785 per year, or about $65 per month.
  3. Umialik: $1,212 per year, or about $101 per month.
  4. Progressive: $1,883 per year, or about $157 per month.
  5. State Farm: $4,292 per year, or about $358 per month.

Cheapest auto insurance in Alaska for 20-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Alaska, here are the companies with the lowest average rates for minimum coverage:

  1. Geico: $705 per year, or about $59 per month.
  2. Umialik: $776 per year, or about $65 per month.
  3. Allstate: $974 per year, or about $81 per month.
  4. State Farm: $1,425 per year, or about $119 per month.
  5. Progressive: $1,469 per year, or about $122 per month.

Cheapest auto insurance in Alaska for 20-year-old drivers with one at-fault crash

For drivers with a recent accident in Alaska, here are the companies with the lowest average rates for minimum coverage:

  1. Umialik: $776 per year, or about $65 per month.
  2. Geico: $884 per year, or about $74 per month.
  3. Allstate: $1,203 per year, or about $100 per month.
  4. State Farm: $1,609 per year, or about $134 per month.
  5. Progressive: $1,660 per year, or about $138 per month.

Cheapest auto insurance in Alaska for 20-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI is shown here, alongside the insurers' average rates for minimum coverage.

  1. Umialik: $776 per year, or about $65 per month.
  2. Geico: $1,000 per year, or about $83 per month.
  3. Allstate: $1,254 per year, or about $104 per month.
  4. Progressive: $1,417 per year, or about $118 per month.
  5. State Farm: $1,930 per year, or about $161 per month.

Cheapest for 30-year-old drivers

By the time they reach their 30s, most drivers will enjoy cheaper car insurance rates than in their teens and 20s. Still, factors like a person’s driving record and car make and model can increase prices. Drivers in their 30s can get lower rates by shopping around and taking advantage of any car insurance discounts.

Cheapest full coverage car insurance in Alaska for 30-year-olds

Drivers in Alaska who want their state's minimum coverage can check with the following companies, which had the lowest average rates:

  1. Geico: $1,155 per year, or about $96 per month.
  2. Umialik: $1,716 per year, or about $143 per month.
  3. State Farm: $2,014 per year, or about $168 per month.
  4. Progressive: $2,113 per year, or about $176 per month.
  5. Allstate: $2,350 per year, or about $196 per month.

Cheapest minimum coverage car insurance in Alaska for 30-year-olds

Drivers in Alaska who want their state's minimum coverage can check with the following companies, which had the lowest average rates:

  1. Allstate: $287 per year, or about $24 per month.
  2. Geico: $327 per year, or about $27 per month.
  3. Umialik: $390 per year, or about $33 per month.
  4. State Farm: $427 per year, or about $36 per month.
  5. Progressive: $666 per year, or about $56 per month.

Cheapest auto insurance in Alaska for 30-year-olds with poor credit

Drivers with poor credit in Alaska should consider the following companies with the lowest average rates for full coverage:

  1. Geico: $2,148 per year, or about $179 per month.
  2. Umialik: $2,588 per year, or about $216 per month.
  3. Allstate: $2,616 per year, or about $218 per month.
  4. Progressive: $3,251 per year, or about $271 per month.
  5. State Farm: $7,302 per year, or about $608 per month.

Cheapest auto insurance in Alaska for 30-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Alaska, here are the companies with the lowest average rates for minimum coverage:

  1. Allstate: $371 per year, or about $31 per month.
  2. Umialik: $390 per year, or about $33 per month.
  3. Geico: $403 per year, or about $34 per month.
  4. State Farm: $489 per year, or about $41 per month.
  5. Progressive: $857 per year, or about $71 per month.

Cheapest auto insurance in Alaska for 30-year-old drivers with one at-fault crash

For drivers in Alaska with a recent accident, here are the lowest average rate options for full coverage:

  1. Umialik: $1,716 per year, or about $143 per month.
  2. Geico: $1,816 per year, or about $151 per month.
  3. State Farm: $2,525 per year, or about $210 per month.
  4. Progressive: $3,126 per year, or about $261 per month.
  5. Allstate: $3,547 per year, or about $296 per month.

Cheapest auto insurance in Alaska for 30-year-old drivers after a DUI

For the cheapest auto insurance after a DUI, we found the following options for full coverage.

  1. Umialik: $1,716 per year, or about $143 per month.
  2. Progressive: $2,553 per year, or about $213 per month.
  3. Geico: $2,751 per year, or about $229 per month.
  4. State Farm: $2,940 per year, or about $245 per month.
  5. Allstate: $3,510 per year, or about $293 per month.

Cheapest for 40-year-old drivers

Drivers in their 40s tend to have better insurance rates than their younger counterparts on average, but still pay more than older age groups. Shopping around for cheap car insurance quotes with multiple insurers is the best way to find lower rates. Good drivers who don’t get behind the wheel often might want to consider pay-per-mile insurance, which charges drivers by how many miles they drive.

Cheapest full coverage car insurance in Alaska for 40-year-olds

Drivers in Alaska with clean driving records may want to think about the following companies, which had the lowest average rates:

  1. Geico: $1,142 per year, or about $95 per month.
  2. Umialik: $1,478 per year, or about $123 per month.
  3. State Farm: $1,929 per year, or about $161 per month.
  4. Progressive: $1,987 per year, or about $166 per month.
  5. Allstate: $2,350 per year, or about $196 per month.

Cheapest minimum coverage car insurance in Alaska for 40-year-olds

Drivers in Alaska who want just the minimum coverage may want to check prices from these companies, which had the lowest average rates:

  1. Allstate: $287 per year, or about $24 per month.
  2. Geico: $309 per year, or about $26 per month.
  3. Umialik: $318 per year, or about $27 per month.
  4. State Farm: $424 per year, or about $35 per month.
  5. Progressive: $631 per year, or about $53 per month.

Cheapest auto insurance in Alaska for 40-year-olds with poor credit

Drivers with poor credit in Alaska can check out the following insurers with the lowest average rates for full coverage:

  1. Geico: $2,002 per year, or about $167 per month.
  2. Umialik: $2,216 per year, or about $185 per month.
  3. Allstate: $2,616 per year, or about $218 per month.
  4. Progressive: $3,105 per year, or about $259 per month.
  5. State Farm: $6,977 per year, or about $581 per month.

Cheapest auto insurance in Alaska for 40-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Alaska, here are the companies with the lowest average rates for minimum coverage:

  1. Umialik: $318 per year, or about $27 per month.
  2. Allstate: $371 per year, or about $31 per month.
  3. Geico: $398 per year, or about $33 per month.
  4. State Farm: $486 per year, or about $41 per month.
  5. Progressive: $820 per year, or about $68 per month.

Cheapest auto insurance in Alaska for 40-year-old drivers with one at-fault crash

For drivers with a recent accident living in Alaska, here are the companies with the lowest average rates for full coverage:

  1. Umialik: $1,478 per year, or about $123 per month.
  2. Geico: $1,781 per year, or about $148 per month.
  3. State Farm: $2,420 per year, or about $202 per month.
  4. Progressive: $2,999 per year, or about $250 per month.
  5. Allstate: $3,547 per year, or about $296 per month.

Cheapest auto insurance in Alaska for 40-year-old drivers after a DUI

The cheapest full coverage auto insurance we found for drivers with a DUI came from the following companies.

  1. Umialik: $1,478 per year, or about $123 per month.
  2. Progressive: $2,423 per year, or about $202 per month.
  3. Geico: $2,751 per year, or about $229 per month.
  4. State Farm: $2,817 per year, or about $235 per month.
  5. Allstate: $3,510 per year, or about $293 per month.

Cheapest for 50-year-old drivers

Drivers in their 50s have cheaper car insurance rates than most other age groups on average. Prices will continue to drop as they inch toward their 60s and gain more driving experience. Rates can still vary depending on other factors such as a driver’s gender and location, so it’s smart to shop around to find the best rate. Our list of cheap auto insurance companies is a good place to start.

Cheapest full coverage car insurance in Alaska for 50-year-olds

Drivers in Alaska with clean driving records may want to get quotes from these insurers, which had the lowest average rates:

  1. Geico: $1,114 per year, or about $93 per month.
  2. Umialik: $1,336 per year, or about $111 per month.
  3. Progressive: $1,770 per year, or about $148 per month.
  4. State Farm: $1,850 per year, or about $154 per month.
  5. Allstate: $2,219 per year, or about $185 per month.

Cheapest minimum coverage car insurance in Alaska for 50-year-olds

Drivers in Alaska who opt for the state minimum coverage may want to consider the following companies, with the lowest average rates:

  1. Allstate: $268 per year, or about $22 per month.
  2. Umialik: $286 per year, or about $24 per month.
  3. Geico: $297 per year, or about $25 per month.
  4. State Farm: $414 per year, or about $35 per month.
  5. Progressive: $591 per year, or about $49 per month.

Cheapest auto insurance in Alaska for 50-year-olds with poor credit

Drivers with poor credit in Alaska can check with the following companies, which showed the lowest average rates for full coverage:

  1. Geico: $1,911 per year, or about $159 per month.
  2. Umialik: $1,992 per year, or about $166 per month.
  3. Allstate: $2,475 per year, or about $206 per month.
  4. Progressive: $2,760 per year, or about $230 per month.

Cheapest auto insurance in Alaska for 50-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Alaska, here are the companies with the lowest average rates for minimum coverage:

  1. Umialik: $286 per year, or about $24 per month.
  2. Allstate: $350 per year, or about $29 per month.
  3. Geico: $381 per year, or about $32 per month.
  4. State Farm: $475 per year, or about $40 per month.
  5. Progressive: $802 per year, or about $67 per month.

Cheapest auto insurance in Alaska for 50-year-old drivers with one at-fault crash

For drivers living in Alaska with a recent accident, here are the insurers with the lowest average full coverage rates:

  1. Umialik: $1,336 per year, or about $111 per month.
  2. Geico: $1,650 per year, or about $138 per month.
  3. State Farm: $2,323 per year, or about $194 per month.
  4. Progressive: $2,877 per year, or about $240 per month.
  5. Allstate: $3,349 per year, or about $279 per month.

Cheapest auto insurance in Alaska for 50-year-old drivers after a DUI

The cheapest auto insurance we found for drivers with a recent DUI comes from the following companies, listed with rates for full coverage.

  1. Umialik: $1,336 per year, or about $111 per month.
  2. Progressive: $2,196 per year, or about $183 per month.
  3. State Farm: $2,706 per year, or about $225 per month.
  4. Geico: $2,785 per year, or about $232 per month.
  5. Allstate: $3,327 per year, or about $277 per month.

Cheapest for 60-year-old drivers

Although 60-year-olds have cheaper car insurance rates than many other age groups on average, prices will start increasing as they get older. To find cheap car insurance for seniors, drivers in their 60s should make sure to shop around to find the best rate. Drivers in this age group should also take advantage of any available discounts for senior citizens.

Cheapest full coverage car insurance in Alaska for 60-year-olds

Drivers in Alaska with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:

  1. Geico: $1,114 per year, or about $93 per month.
  2. Umialik: $1,232 per year, or about $103 per month.
  3. Progressive: $1,715 per year, or about $143 per month.
  4. State Farm: $1,729 per year, or about $144 per month.
  5. Allstate: $2,215 per year, or about $185 per month.

Cheapest minimum coverage car insurance in Alaska for 60-year-olds

Drivers in Alaska who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:

  1. Umialik: $270 per year, or about $23 per month.
  2. Allstate: $278 per year, or about $23 per month.
  3. Geico: $305 per year, or about $25 per month.
  4. State Farm: $386 per year, or about $32 per month.
  5. Progressive: $577 per year, or about $48 per month.

Cheapest auto insurance in Alaska for 60-year-olds with poor credit

Drivers with poor credit in Alaska can look at the following companies with the lowest average rates for full coverage:

  1. Geico: $1,745 per year, or about $145 per month.
  2. Umialik: $1,832 per year, or about $153 per month.
  3. Allstate: $2,468 per year, or about $206 per month.
  4. Progressive: $2,668 per year, or about $222 per month.
  5. State Farm: $6,205 per year, or about $517 per month.

Cheapest auto insurance in Alaska for 60-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Alaska, here are the companies with the lowest average rates for minimum coverage:

  1. Umialik: $270 per year, or about $23 per month.
  2. Allstate: $356 per year, or about $30 per month.
  3. Geico: $382 per year, or about $32 per month.
  4. State Farm: $443 per year, or about $37 per month.
  5. Progressive: $753 per year, or about $63 per month.

Cheapest auto insurance in Alaska for 60-year-old drivers with one at-fault crash

For drivers with a recent accident living in Alaska, here are the companies with the lowest average rates for full coverage:

  1. Umialik: $1,232 per year, or about $103 per month.
  2. Geico: $1,650 per year, or about $138 per month.
  3. State Farm: $2,171 per year, or about $181 per month.
  4. Progressive: $2,830 per year, or about $236 per month.
  5. Allstate: $3,345 per year, or about $279 per month.

Cheapest auto insurance in Alaska for 60-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI came from the following companies, shown with their average rates for full coverage.

  1. Umialik: $1,232 per year, or about $103 per month.
  2. Progressive: $2,142 per year, or about $178 per month.
  3. State Farm: $2,526 per year, or about $211 per month.
  4. Geico: $2,785 per year, or about $232 per month.
  5. Allstate: $3,324 per year, or about $277 per month.

Cheapest for 70-year-old drivers

Car insurance costs may start to rise for 70-year-old drivers. To find the cheapest possible coverage, shop around and compare quotes from multiple companies. Also, look for insurers that offer discounts for seniors. For example, some insurers offer discounts to senior drivers who take a defensive driving course.

Cheapest full coverage car insurance in Alaska for 70-year-olds

Drivers in Alaska with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:

  1. Geico: $1,299 per year, or about $108 per month.
  2. Umialik: $1,454 per year, or about $121 per month.
  3. State Farm: $1,840 per year, or about $153 per month.
  4. Progressive: $2,022 per year, or about $169 per month.
  5. Allstate: $2,536 per year, or about $211 per month.

Cheapest minimum coverage car insurance in Alaska for 70-year-olds

Drivers in Alaska who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:

  1. Umialik: $354 per year, or about $30 per month.
  2. Geico: $355 per year, or about $30 per month.
  3. State Farm: $422 per year, or about $35 per month.
  4. Allstate: $464 per year, or about $39 per month.
  5. Progressive: $690 per year, or about $58 per month.

Cheapest auto insurance in Alaska for 70-year-olds with poor credit

Drivers with poor credit in Alaska can look at the following companies with the lowest average rates for full coverage:

  1. Geico: $1,857 per year, or about $155 per month.
  2. Umialik: $2,186 per year, or about $182 per month.
  3. Allstate: $2,965 per year, or about $247 per month.
  4. Progressive: $3,093 per year, or about $258 per month.
  5. State Farm: $6,636 per year, or about $553 per month.

Cheapest auto insurance in Alaska for 70-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Alaska, here are the companies with the lowest average rates for minimum coverage:

  1. Umialik: $354 per year, or about $30 per month.
  2. Geico: $450 per year, or about $38 per month.
  3. State Farm: $483 per year, or about $40 per month.
  4. Allstate: $580 per year, or about $48 per month.
  5. Progressive: $933 per year, or about $78 per month.

Cheapest auto insurance in Alaska for 70-year-old drivers with one at-fault crash

For drivers with a recent accident living in Alaska, here are the companies with the lowest average rates for full coverage:

  1. Umialik: $1,454 per year, or about $121 per month.
  2. Geico: $1,835 per year, or about $153 per month.
  3. State Farm: $2,316 per year, or about $193 per month.
  4. Progressive: $3,441 per year, or about $287 per month.
  5. Allstate: $3,849 per year, or about $321 per month.

Cheapest auto insurance in Alaska for 70-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI came from the following companies, shown with their average rates for full coverage.

  1. Umialik: $1,454 per year, or about $121 per month.
  2. State Farm: $2,704 per year, or about $225 per month.
  3. Progressive: $2,719 per year, or about $227 per month.
  4. Geico: $2,970 per year, or about $248 per month.
  5. Allstate: $3,804 per year, or about $317 per month.

Cheapest car insurance for military families

If you're an active member of the military or a veteran — or have an immediate family member who is — chances are you'll get a relatively cheap rate with USAA, a company that isn't available to the general public.

Because of that restriction, USAA isn't ranked with the others, but it was among the cheapest three auto insurance options for 69 of the 70 driver profiles we examined.

» MORE: Best car insurance for veterans and military

Minimum car insurance requirements in Alaska

Alaska car insurance policies must include liability insurance, which covers others’ property damage and injuries if you cause a crash.

Here are the minimum liability insurance limits you must select in Alaska:

  • $50,000 bodily injury liability per person.

  • $100,000 bodily injury liability per crash.

  • $25,000 property damage liability per crash.

If you live in an area in Alaska where vehicle registrations aren’t required, car insurance is optional. You can find a list of those areas through Alaska’s state website.

Note that drivers with six or more violation points on their record within the past five years need liability insurance regardless of where they live.

Even if car insurance isn’t required for you, it’s usually a wise purchase. After all, if you cause a crash and don’t have coverage, you could end up having to pay for others’ injury treatment and property damage out of pocket.

For more details on how your coverage options and limits work, visit NerdWallet’s guide to minimum car insurance requirements by state.

» MORE: The best home insurance in Alaska

Alternative car insurance for high-risk drivers

If you’re denied car insurance on the voluntary market — because of past crashes or violations, a gap in your insurance or other reasons — you can apply for a policy through the Alaska Automobile Insurance Plan.

For more help getting cheap car insurance in Alaska, try NerdWallet’s car insurance comparison tool.

Methodology

For our “good driver” profile, NerdWallet averaged insurance estimates for single male and female drivers with good credit and no tickets or violations. The analysis included 5-10 of the largest insurance companies in each state; smaller insurers were also included when rates were available. Liberty Mutual and its subsidiaries were excluded from our analysis as rates were not available.

For full coverage policies, we used the following coverage limits:

  • $100,000 bodily injury liability per person.

  • $300,000 bodily injury liability per accident.

  • $50,000 property damage liability per accident.

  • $100,000 uninsured motorist coverage per person.

  • $300,000 uninsured motorist coverage per accident.

  • Collision coverage with a $1,000 deductible.

  • Comprehensive coverage with a $1,000 deductible.

In states where required, minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion.

We used a 2021 Toyota Camry LE for all drivers and assumed 12,000 annual miles driven.

We analyzed rates for drivers 20 to 70 years old in ten-year increments. For the average cost of full and minimum coverage in each state, we looked at 35-year-old drivers.

We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with minimum coverage, we adjusted the numbers above to reflect the minimum required coverage by law in the state.

  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for drivers with poor credit.

  • For drivers with one at-fault crash, we added a single at-fault crash that happened six months ago, resulting in $10,000 in property damage and no bodily injury claim.

  • For drivers with a DUI, we added a single drunken driving violation that happened six months ago.

We looked at 35-year-old drivers to find the cheapest company overall, the cheapest company for minimum coverage and the cheapest company for drivers with poor credit in states where credit history is used to price rates. We looked at 20-year-old drivers to find the cheapest company for young drivers.

These are rates generated through Quadrant Information Services. Your own rates will be different. Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.

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