How Much is Auto Insurance for Drivers with Bad Credit in Alaska?

Trying to find low-priced car insurance is not the easiest thing to do, and finding out which companies have the cheapest auto insurance rates for drivers with bad credit will take even more work. Coverage rates will more than likely be a little bit more expensive than the average price in Alaska because of the potential for more claims associated with offering coverage for people with poor credit, but economical insurance should be possible if you shop around.

Every auto insurer uses their own method for establishing rates, so let’s begin by examining the most affordable auto insurance companies in Alaska. It’s important that you understand Alaska auto insurance rates are based on many factors which can significantly increase or decrease the price you pay for coverage. Price variation is why it is important to take the time to shop around when trying to find the most budget-friendly car insurance quotes for drivers with bad credit. Auto insurance prices are calculated by many things and can increase or decrease at any time, so the most economical company the last time you shopped around may now be priced much higher than other options.

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Umialik may have some of the lowest car insurance rates in Alaska at around $874 per year. USAA, State Farm, Progressive, and GEICO are also some of the cheaper Alaska car insurance companies.

As shown in the rates above, if you are currently insured with GEICO and switched to USAA, you might achieve a yearly savings of roughly $986. Customers with Allstate could save as much as $1,440 a year, and Safeco policyholders might lower prices by up to $1,569 a year.

Bear in mind that those prices are averaged for all drivers and vehicles in Alaska and do not take into consideration a price increase for drivers with bad credit. So the car insurance company that can offer you the best rate may not even be shown in the rate chart shown above. That emphasizes why you need to compare prices as often as possible using your own personal information and vehicle type.

For people with poor credit, one of the big considerations that helps insurance companies calculate a rate quote is where your car is garaged in Alaska. Regions with larger populations or more claims like Anchorage, College, and Wasilla likely pay more, whereas areas that tend to be more rural tend to receive cheaper rates.

The next table sorts the more expensive cities in Alaska for drivers with bad credit to buy car insurance in.

Premium amounts are comparative as specific location information can influence rates greatly.

State Farm, Geico, Allstate, or Progressive: Which is best?

When shopping around for car insurance for people with poor credit in Alaska, four companies you’ll want quotes from are State Farm, Geico, Allstate, and Progressive. Combined they have over 45% of all car insurance policies in America. The table below breaks down some of the ratings and options that are available for policyholders.