How Much Does Insurance Cost for Ride Shares in Alaska?

In a perfect world, we could just give you the name of the single best car insurance company that has the cheapest coverage in Alaska. Unfortunately, it’s not that simple as there are a whole slew of unknowns like your choice of physical damage deductibles, the safety features built into your vehicle, the level of liability coverage you want, and your driving record. If you keep reading, we will teach you about the different scenarios that increase car insurance cost and educate you enough to have a good start in finding the cheapest insurance.

The model of vehicle requiring coverage is probably the biggest factor when shopping for cheap insurance for young drivers in Alaska. Vehicles with economical engines, good crash test ratings, or a low likelihood of liability claims will cost substantially less to insure than higher performance models. The next lists features auto insurance prices for a selection of the cheapest automobiles to buy insurance for.

Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Rates do not factor in zip code location which can revise rates noticeably.

Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Price information does not factor in vehicle garaging location which can raise or lower coverage prices substantially.

Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Information does not factor in zip code location which can raise or lower rates noticeably.

Locating cost effective insurance is not the easiest thing to accomplish, and finding out which company quotes the cheapest auto insurance rates for young drivers will require more quotes for comparison. Each company uses their own method for determining prices, so we need to take a look at the most affordable auto insurance companies in Alaska.

It’s important to know that Alaska auto insurance rates are determined by lots of factors which can substantially decrease or increase the price you have to pay for coverage. That is why consumers need to take the time to take the time to shop around to find cheap car insurance quotes for young drivers. Auto insurance prices are made up of many risk factors and can increase or decrease at any time, so the most economical option a year ago may now be costing you a lot of money.

Cheap Insurance Rates for Teens

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Umialik may offer some of the most affordable car insurance rates in Alaska at around $865 annually. USAA, State Farm, Progressive, and GEICO would also make the list of some of the most economical Alaska insurance companies.

As illustrated above, if you currently have a policy with Progressive and switched to Umialik, you might achieve an annual savings of roughly $345. Alaska drivers with GEICO might save as much as $1,097 a year, and Allstate policyholders might lower prices by up to $1,532 a year.

To see if your current coverage is too expensive, click here to get quotes or feel free to get quotes from the companies below.

It’s important to note that these policy rates are averaged for all ages of drivers and types of vehicles and and are not calculated with a rate discount for young drivers. So the car insurance company that fits your situation best may not even be featured in the list above. That emphasizes why you need to compare rates from as many companies as possible using your own personal information and vehicle type.

For youthful drivers, one of the big things that insurance companies take into consideration when calculating the cost of insurance is where you choose to live in Alaska. Larger areas like Anchorage, Palmer, and Wasilla tend to pay more, whereas areas that tend to be more rural generally benefit from lower insurance rates.

The following table illustrates the higher priced cities in Alaska for young drivers to buy car insurance in.

Price information shown is comparative as zip code location can raise or lower auto insurance rates greatly.

The illustration below highlights how deductible choice can affect yearly insurance costs when quoting cheap insurance for young drivers. The data assumes a married female driver, full physical damage coverage, and no discounts are taken into consideration.

A 50-year-old driver could reduce rates by $184 a year by increasing from a $100 deductible up to a $500 deductible, or save $280 by switching to a $1,000 deductible. Even younger insureds, such as the 20-year-old example, have the ability to save as much as $462 annually by using higher deductibles when buying full coverage. When increasing deductibles, it will be necessary to have enough spare savings to offset the extra out-of-pocket expense that is associated with using high deductibles.

How to get cheap insurance for young drivers in Alaska

The list below summarizes some of the better thrifty solutions that can help Alaska drivers find lower-cost coverage.

• Increase deductibles to save money
• Keep your driving record clean
• Buying home and auto together can help save money
• Claim-free drivers earn discounts
• Avoid preventable accidents
• Better credit rating means better rates
• Comparison shop at least once a year

That final tip is incredibly vital, as was affirmed in the article above. Prices vary greatly, so don’t be unwilling to switch to a new company if a better rate can be found. Having a favorite company is great, but it isn’t a good idea if that loyalty results in overpaying major coinage every year. In less than five minutes you could shop around to find cheaper insurance for young drivers.