Best Cheap Car Insurance Quotes for High Risk Drivers in Alaska

One of the key things that is used by auto insurance companies to determine car insurance rates is where your car is garaged in Alaska. Urban areas that are densely populated like Anchorage, Wasilla, and Meadow Lakes tend to have higher rates, whereas areas with less congestion have the luxury of the best cheap car insurance for high risk drivers in Alaska.

The table below ranks the most costly cities in Alaska for high risk drivers in which to buy car insurance.

Prices are approximated as vehicle location can alter premium rates noticeably.

Comparing rates for cheap auto insurance is easier said than done, and finding out which companies have the cheapest car insurance rates for high risk drivers takes even more shopping around. Insurance rates could be quite a bit more expensive than the average policy in Alaska because of the additional risk that comes with offering insurance for high risk drivers, but competitively-priced coverage may be possible with a little diligence. Each auto insurance company has a different formula for establishing rates, so we’ll go over the car insurance companies with the most affordable rates in Alaska.

It’s important to know that Alaska car insurance rates are impacted by many factors which can substantially decrease or increase the price you have to pay for coverage. Events such as a birthday, buying a different vehicle, or having a fender bender may prompt premium changes that can make some companies cheaper than competitors.

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

In the above rates, if you currently buy coverage from Progressive and switched to Umialik, you might realize yearly savings of about $355. Drivers with GEICO could save as much as $1,051 a year, and Allstate insureds might reduce prices by as much as $1,435 a year.

Remember that these premiums are averaged across all drivers and vehicles in Alaska and and are not calculated with a price surcharge for high risk drivers. So the company that is best suited for you may not even be shown in the list of companies shown earlier. That underscores the importance of why you need to compare prices as often as possible using your own driver information and specific vehicle type.

The chart below illustrates how your deductible choice can affect insurance prices when getting quotes for cheap insurance for high risk drivers. The costs are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.

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A 50-year-old driver could lower rates by $188 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $286 by selecting a $1,000 deductible. Even younger insureds, such as the 20-year-old example, have the ability to save as much as $630 or even more just by choosing higher deductibles. If you do make the decision to raise your deductibles, it is important to have enough spare savings to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Car insurance company ratings

Finding the top auto insurance provider can be a challenge considering how many companies there are to choose from in Alaska. The company ratings shown below could help you choose which insurers to look at when comparing rates.

The rankings below are only made up of the largest companies in the United States, so smaller companies that only insure vehicles in Alaska are not factored into these rankings. If you’d like to compare prices from these and other top-rated companies, just click here.

Top 10 Major Auto Insurance Companies in Alaska Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. The General
5. State Farm
6. AAA Insurance
7. Allstate
8. Esurance
9. Safeco
10. 21st Century