How Much are Auto Insurance Quotes for Teenagers in Alaska?

Wouldn’t it be great if we could just tell you the single company that has the best insurance prices for teenagers? It’s not that easy, however, as there are many unknown aspects like your current insurance company, whether you are married or single, and whether you just need liability insurance, that all impact the price you pay. In this article, we will teach you about the types of things that cause high car insurance rates and also should give you a good start in finding the cheapest car insurance in Alaska.

The vehicle on the policy is a large consideration when shopping around for the most affordable coverage for teenagers. Vehicles with high performance features, poor safety ratings, or a history of substantial liability claims will cost much more to insure than more modest models. The information below presents coverage prices for some of the more afforable automobiles to buy insurance for.

Premium data assumes single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in specific Alaska garaging location which can influence premiums considerably.

Looking at the rates, you can infer that makes and models like the Ford Escape, Honda CR-V, Jeep Wrangler, Honda Accord, and Toyota Prius will be the most affordable vehicles to insure for teen drivers. The cost of a car insurance policy will be more expensive just because there is more claim risk for teenagers, but generally speaking those models will probably have the best insurance prices compared to other vehicles.

Figuring out which companies have the best auto insurance rates for teenagers requires more work in order to find a policy that fits your budget. Every insurance provider has a proprietary method to set premium rates, so we will examine the overall cheapest auto insurance companies in Alaska.

It’s a good idea to be aware that Alaska auto insurance rates are impacted by many things which can significantly increase or decrease the price of coverage. Turning one year older, buying a new vehicle, or getting a ticket for careless driving can produce rate changes resulting in some companies being more affordable than before.

Lowest Insurance Price Quotes for Teens

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Umialik may have some of the cheapest car insurance rates in Alaska at around $892 annually. USAA, State Farm, Progressive, and GEICO also rank well as some of the more affordable Alaska car insurance companies.

As shown in the rates above, if you currently buy coverage from Progressive and switched to Umialik, you might realize an annual savings of approxmiately $318. Policyholders with GEICO could save as much as $1,051 a year, and Allstate policyholders might see rate reductions of $1,411 a year.

To discover how much you can save, click here to start a quote or quote prices from the following companies.

Understand that those premium estimates are averaged for all drivers and vehicles and and are not calculated with a rate increase for teenagers. So the company that is best for you may not even be included in the list of companies shown earlier. That is why you need to compare prices as often as possible using your own driver information and specific vehicle type.

Picking a good quality insurance provider can be a challenge considering how many companies are available to choose from in Alaska. The ranking data listed below could help you select which auto insurers to look at to insure your vehicles.

These ratings are only made up of the largest companies in the United States, so smaller regional companies are not included in the list. To view rates from these companies and more, click here.

Full coverage or liability only

Finding cheap auto insurance for teenagers in Alaska is probably important to most people, and an easy way to reduce the cost of insurance is to not buy full coverage. The illustration below illustrates the comparison of annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Alaska. The costs are based on no violations or claims, $500 deductibles, drivers are single, and no discounts are factored in.

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Averaged for all age groups, comp and collision coverage costs an extra $1,744 per year more than just insuring for liability. That proposes the question if you should buy full coverage at all. There isn’t a steadfast formula for eliminating physical damage insurance, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.

How to find cheap auto insurance for teenagers in Alaska

Below you’ll find many thrifty suggestions that can help drivers locate lower-cost auto insurance.

• Drive safe vehicles
• Avoid at-fault accidents and claims
• Higher deductibles save money
• Avoid speeding and other traffic citations and pay less
• Pay lower rates with good credit
• Compare rate quotes often

The last tip is extremely necessary, as we hit on in this article. Prices charged by car insurance companies in Alaska adjust often, so drivers shouldn’t hesitate to buy a different policy if a lower price can be found. Many drivers prefer to stick with one company, but is isn’t recommended if your bullheadedness ends up costing you thousands of dollars over the life of your policy. Spend a few minutes and shop around and find cheaper car insurance for teenagers.