How Much are Auto Insurance Quotes for Drivers Requiring a SR22 in Alaska?

Our editors keep telling us that when writing about auto insurance, the word “cheap” should not appear as a descriptor for car insurance rates. Notwithstanding, cheap car insurance for drivers requiring a SR22 is almost non-existent. Don’t get your dauber down, because we are going to show you how you can still get insurance that is cheaper than your current rate.

The type of vehicle you are buying coverage for is one of the main factors when comparison shopping for the lowest-priced insurance for drivers requiring a SR22. Vehicles with higher performance characteristics, poor passenger safety features, or a track record of large liability claims will cost quite a bit more to insure than more economical and safe models. The data below shows insurance premiums for a handful of the most affordable automobiles to insure in Alaska.

Data based on single female driver age 30, two speeding tickets, two at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Estimates do not factor in specific zip code location which can decrease or increase price quotes substantially.

Data variables include single female driver age 30, two speeding tickets, two at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Price estimates do not factor in garaging location in Alaska which can alter auto insurance rates greatly.

Table data assumes single female driver age 30, two speeding tickets, two at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Price estimates do not factor in the specific area where the vehicle is garaged which can raise or lower price quotes considerably.

When shopping for auto insurance for high risk drivers, one of the many things used to establish the price of your policy is where you choose to live in Alaska. Regions with more people or even just more weather-related claims like Meadow Lakes, Fairbanks, and Wasilla are more likely to have higher rates, whereas more rural areas can boast about having cheaper rates.

The information below illustrates the most expensive areas in Alaska for drivers requiring a SR22 in which to buy car insurance.

Premium costs are estimated as specific Alaska garaging address can influence premiums noticeably.

Determining which company quotes the cheapest auto insurance rates for drivers requiring a SR22 will take a little more sweat in order to find the most economical policy. Each auto insurance company uses their own calculation for determining prices, so let’s take a look at the most affordable auto insurance companies in Alaska.

It’s important that you understand Alaska auto insurance rates are impacted by many factors that control the price you pay. Simply having a birthday, moving across town, or having a fender bender can trigger changes in premium that can make some companies more affordable than competitors.

Best Auto Insurance Prices for SR22 Drivers

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Umialik may have some of the cheapest car insurance rates in Alaska at around $865 annually. State Farm, USAA, Progressive, and GEICO are also some of the cheaper Alaska auto insurance companies.

In this example, if you buy coverage from Progressive and switched to State Farm, you could see an annual premium reduction of in the neighborhood of $258. Customers with GEICO might save as much as $940 a year, and Allstate insureds might realize rate reductions of up to $1,409 a year.

If you want to see how much you could save, click here to start a quote or click several companies below for low rates.

It’s important to note that these premiums are averaged across all insureds and vehicles and do not factor in a price increase for drivers requiring a SR22. So the car insurance company that fits your needs best may not even be included in the list of companies above. That helps illustrate why you need to get quotes using your own driver data and vehicle information.

Careless driving habits raise Alaska auto insurance rates

The best way to maintain cheap insurance for drivers requiring a SR22 in Alaska is to drive attentively and not get tickets or have accidents. The information below illustrates how speeding tickets and at-fault fender-benders drive up annual premium costs for different age groups. The price estimates are based on a single male driver, comp and collision included, $250 deductibles, and no policy discounts are applied.

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In the example above, the average cost of car insurance in Alaska per year with no accidents and a clean driving record is $1,434. Factor in one speeding ticket and the average cost increases to $1,615, an increase of $181 each year. Then add one accident along with the one speeding ticket and the yearly cost of auto insurance for drivers requiring a SR22 goes up to an average of $2,120. That’s an increase of $685, or $57 per month, just for not driving responsibly!

Liability only or full coverage

Finding cheap insurance for drivers requiring a SR22 in Alaska is probably important to most people, and one easy way to pay less for insurance is to not pay for full coverage. The example below compares auto insurance rates with full physical damage coverage compared to only buying liability only. The rates are based on no accidents, no driving violations, $1,000 deductibles, marital status is single, and no discounts are factored in.

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As an average, full coverage costs an extra $1,243 per year over and above liability coverage. That may make you wonder if physical damage coverage is worth the money. There is no written rule to drop comp and collision coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

How to get cheap insurance for drivers requiring a SR22 in Alaska

Lowering your rates is not difficult, and here are many thrifty ideas that can help Alaska drivers locate lower-cost coverage.

• Good credit can mean cheaper rates
• Increase your deductibles
• Avoid getting tickets or violations
• Vehicles with safetly features generally cost less to insure
• Do not pay for full coverage if not needed
• Avoid accidents and claims
• Comparison shop frequently

That final tip is certainly critical, as we stressed in the article above. Insurance rates change constantly, so don’t be tentative to switch to a new company if a more affordable price is available. Brand loyalty is great, but we do not recommend it if that devotedness results in you overpaying hundreds of dollars a year. Take a couple minutes and shop around and find cheaper auto insurance for drivers requiring a SR22.

Cheapest insurance quotes for high risk drivers

There are a variety of different ways to purchase auto insurance in Alaska, but the most frequently used ways are using an exlusive agent such as Allstate or State Farm, an independent insurance agent, or from a direct company like Progressive or Geico.

All three ways can provide auto insurance quotes, but it’s good to know the differences in how they work.

Independent agencies write business for many companies and can get policy pricing from each one. Independent agents have the option to provide multiple price quotes, which can help you get a better overall rate comparison. If your agent finds a cheaper company, your policy can be easily switched to a different company and the insured can keep the same agent.

An exclusive agent is restricted to quoting rates for a single company, for example an Auto-Owners or Allstate agent. These agents usually cannot provide multiple price quotes, so if rates are high, they cannot give you alternative choices.

The third popular method of shopping for auto insurance is direct, which means you forego a local agent and buy direct online or over the phone from a company like Esurance or Geico. This auto insurance option can be a good choice for drivers who do not have a need for a risk management assessment and have a decent understanding of what specific coverages they need.

Which method works best to buy cheap insurance for drivers requiring a SR22 in Alaska? The majority of people assume that buying from a direct car insurance company results in the cheapest rates since there is no need to pay agent commissions, but that generally is not the case. We could also assume that going through an independent agent can save the most money since they have more companies to choose from, but that’s not always true, either. And sometimes, the exclusive agents may have very competitive prices that other auto insurance companies cannot touch.

Since auto insurance prices vary so much, the only true way to not overpay for auto insurance is to compare lots of quotes. Smart shoppers will get prices from all three types to get a good idea who is cheapest. For a list of auto insurance companies with low rates, click here to view.