Cheap Auto Insurance for Infrequent Drivers in Alaska

Wouldn’t it be perfect if we could magically tell you the one perfect company that has the cheapest rates for infrequent drivers? Unfortunately, it’s just not that easy, as there are a whole slew of unknowns such as the amount of driving experience you have, if you have ever let your coverage lapse, and whether you are male or female. We will try to teach you about the best ways to find cheap car insurance and should give you some help in finding cheaper rates.

Comparing rates for budget insurance is not always easy, and finding out which companies have the best car insurance rates for infrequent drivers will require a bit more work. Every car insurance company has a unique approach for determining prices, so first let’s look at the rankings for the car insurance companies that tend to be cheaper in Alaska.

We do need to point out that Alaska car insurance rates are calculated based on many things which can substantially decrease or increase the price you pay. That is why it is so important to compare many different companies when trying to get the most budget-friendly insurance rates for infrequent drivers. Auto insurance prices can be altered by many factors and can change without notice, so the most economical company the last time you shopped your coverage around may now be an over-priced policy.

Cheapest Insurance Rates in Alaska

Get a Free Quote and Save

google.charts.setOnLoadCallback(drawAKT5qcibChart);function drawAKT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘Umialik’, 874, ‘#FF5733’], [‘USAA’, 957, ‘#D4482A’], [‘State Farm’, 995, ‘#B03C23’], [‘Progressive’, 1210, ‘#92321D’], [‘GEICO’, 1962, ‘#792918’]]);var options = {title: ‘Most Affordable Car Insurance Companies in Alaska’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:2062,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

Umialik quotes some of the most affordable car insurance rates in Alaska at around $874 annually. USAA, State Farm, Progressive, and GEICO would also be considered some of the more affordable Alaska car insurance companies.

As shown in the rates above, if you currently have coverage with Progressive and switched to USAA, you may realize an annual savings of upwards of $253. Alaska drivers with GEICO could save as much as $1,005 a year, and Allstate insureds might see rate reductions of $1,417 a year.

Understand that those policy prices are averaged across all drivers and vehicles and do not take into consideration a rate discount for infrequent drivers. So the company that fits your situation best may not even be shown in the company chart above. That emphasizes why you need to get rate quotes from many companies using your own individual information.

One of the key criteria that is used to help calculate the amount you pay for auto insurance is where you live in Alaska. Regions with larger populations or more claims like Palmer, College, and Wasilla are more likely to have higher rates, whereas areas that are not as densely populated generally have lower rates.

The illustration below rates the most expensive places in Alaska for infrequent drivers to buy an auto insurance policy in.

Rate information is estimated as the specific geographic location can modify insurance rates noticeably.

The type of vehicle you are trying to insure is probably the biggest factor when consumers are trying to find the lowest-priced auto insurance for infrequent drivers. Vehicles with lower acceleration and performance, an excellent safety record, or low incidents of liability claims will cost less to insure than higher performance models.

The next list estimates coverage costs for some of the more afforable automobiles to buy coverage for.

Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Premium costs do not factor in specific Alaska garaging location which can affect insurance rates significantly.

Looking at the numbers, we can conclude that models like the Jeep Wrangler, Ford Explorer, and Honda Accord are likely to be the most economical vehicles to insure for low mileage drivers.

Full coverage rates compared to liability only

Finding cheap car insurance for infrequent drivers in Alaska should be important to the majority of people, and one of the fastest ways to buy cheaper insurance is to not pay for full coverage. The chart below shows the difference between insurance costs with and without full coverage. The information is based on no accidents, no driving violations, $100 deductibles, single marital status, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 2995,829],[‘Age 30’, 1545,459],[‘Age 40’, 1543,427],[‘Age 50’, 1395,399],[‘Age 60’, 1349,393],[‘Age 70’, 1625,523]]);var options = {title: ‘Full Versus Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Alaska’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If we average all the age groups together, full coverage on your policy costs $1,742 per year more than carrying just liability coverage. Many drivers will wonder if paying for full coverage is a waste of money. There is no definitive rule of when to phase out comp and collision coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $9,000 after the deductible is paid. If premium cost is more than $900 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

Find cheap car insurance for infrequent drivers in Alaska

Lowering your rates is not difficult, and here are some thrifty solutions that can help drivers get the cheapest coverage.

• Buy safe vehicles
• Save money by insuring older vehicles for liability only
• Increase your deductibles
• Be a cautious driver
• Having at-fault accidents will increase rates
• Good credit can mean cheaper rates
• Compare rates often to find the best deal

The last idea is particularly significant, as was noted in the article above. Auto insurance rates in Alaska adjust often, so don’t be unwilling to change to a new company if you find a better deal. Many drivers prefer to stick with one company, but it isn’t a good idea if that faithfulness ends up costing you money that could be used for better things. In less than five minutes you could compare rates to find cheaper car insurance for infrequent drivers.