Cheap Auto Insurance Quotes for Safe Drivers in Alaska

You have probably seen the catchy advertisements from car insurance companies like State Farm and GEICO claiming huge savings. So drivers should just pick the one with the best commercial, right?

It’s just not that simple, as there are a whole slew of unknown factors like if you are married or single, where you live, and how much liability insurance you need, that all impact the cost of coverage. This article covers the best ways to avoid paying too much and will give you a solid foundation to find cheaper car insurance.

The make and model of vehicle you are insuring is one of the largest considerations when consumers are trying to find affordable coverage for safe drivers. Vehicles with limited speed and performance, good crash test ratings, or low incidents of liability claims will cost significantly less to insure than fast, unsafe models.

The next list showcases car insurance costs for some of the cheapest automobiles to insure.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Rate information does not factor in your specific Alaska location which can increase or decrease prices greatly.

Looking at the rates, we can tell that models like the Ford Escape, Chevrolet Traverse, Jeep Wrangler, Dodge Grand Caravan, and Honda Accord are going to be the more affordable vehicles to insure for good drivers.

When buying insurance for good drivers, one of the key components that control car insurance rates is where your home is located in Alaska. Areas with more people like Meadow Lakes, Palmer, and Sterling tend to have higher rates, whereas cities that are not as densely populated receive better rates.

The illustration below displays the most expensive places in Alaska for safe drivers to purchase auto insurance in.

Price information shown is comparative as zip code location can revise premiums significantly.

Finding out which company quotes the cheapest insurance rates for safe drivers calls for a bit more effort than just quoting one company’s rates. Each insurance company uses their own formula for determining rates in each state, so we need to take a look at the insurance companies with the most affordable rates in Alaska.

It’s important that you understand Alaska insurance rates are influenced by many factors that will increase or decrease the cost of having a policy. Simply turning a year older, buying another vehicle, or getting a reckless driving citation can cause premium changes that can cause some rates to be more affordable than before.

Find the Cheapest Car Insurance for Safe Drivers

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Umialik normally has some of the most affordable car insurance rates in Alaska at around $901 each year. USAA, State Farm, Progressive, and GEICO also are some of the cheaper Alaska auto insurance companies.

In the above rates, if you have coverage with Progressive and switched to Umialik, you could realize a yearly price reduction of in the vicinity of $346. Alaska drivers with GEICO could save as much as $985 a year, and Allstate insureds might reduce prices by as much as $1,402 a year.

Understand that those prices are averages across all insureds and vehicles and are not factoring in a rate discount for safe drivers. So the car insurance company that can offer you the lowest price may not even be featured in the list above. That point stresses why you need to get rate quotes from many companies using your own driver data and vehicle information.

Difference between full coverage and liability only rates

Finding cheap car insurance for safe drivers in Alaska is the goal of the majority of people, and one of the fastest ways to find cheap insurance is to not buy comprehensive and collision coverage. The diagram below compares insurance costs with full coverage and liability only. The information is based on no accidents or driving violations, $500 deductibles, marital status is single, and no other discounts are factored in.

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Averaged for all ages 20 through 70, comprehensive and collision coverage on your policy costs an extra $1,717 per year more than carrying just liability coverage. Many drivers may wonder when is it safe to stop buying full coverage. There is no definitive guideline of when to drop comp and collision coverage, but there is a broad guideline. If the annual cost of coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your vehicle’s replacement cost is $5,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $4,500 after paying the physical damage deductible. If you are paying in excess of $450 a year for your policy with full coverage, then you might want to think about dropping full coverage.