Cheapest Auto Insurance for Seniors in Alaska

Figuring out which company offers the lowest-priced auto insurance rates for seniors will involve a little more work in order to find the best price. Each company uses their own method for setting rates, so let’s take a look at the most budget-friendly auto insurance companies in Alaska.

It’s a good idea to know that Alaska auto insurance rates are influenced by many factors that may substantially change the cost of coverage. Improving your credit score, having a claim, or getting caught speeding can produce rate changes that can cause some rates to be cheaper than competitors.

Best Auto Insurance Prices for Mature Drivers

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Umialik may offer some of the cheapest car insurance rates in Alaska at around $865 annually. USAA, State Farm, Progressive, and GEICO also are some of the cheaper Alaska car insurance companies.

As shown in the table above, if you currently have a policy with USAA and switched to Umialik, you could realize an annual savings of about $74. Policyholders with State Farm may save as much as $140 a year, and Progressive insureds might realize rate reductions of up to $345 a year.

Remember that these policy rates are averaged for all insureds and vehicles and do not factor in a rate decrease for seniors. So the insurer that has the cheapest rates for you may not even be shown in the above rate chart. That point stresses why you need to get car insurance quotes using your own driver information and specific vehicle type.

One of the more important considerations that help determine the cost of insurance is where you normally keep your vehicle in Alaska. Larger areas like Anchorage, Palmer, and Fairbanks are more likely to have higher rates, whereas more rural areas tend to receive cheaper rates.

The next table rates the highest-priced places in Alaska for seniors to buy an auto insurance policy in.

Rate information is approximated as zip code location can revise prices noticeably.

Accidents and violations increase rates

In a perfect world, the ideal way to enjoy the cheapest car insurance for seniors in Alaska is to be a careful driver and avoid getting tickets or having accidents. The information below demonstrates how citations and fender-benders can impact insurance premiums for each different age category. The prices are based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and Two Accidents’],[‘Age 20’, 2183,2667,4699],[‘Age 30’, 1463,1945,3977],[‘Age 40’, 1369,1855,3885],[‘Age 50’, 1197,1681,3713],[‘Age 60’, 1161,1645,3677],[‘Age 70’, 1377,1861,3893]]);var options = {title: ‘Accidents, Violations, and Alaska Car Insurance Prices’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],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);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the previous example, the average cost of auto insurance per year with no accidents and a clean driving record is $1,458. Factor in two speeding tickets and the average cost hikes up to $1,942, an increase of $484 each year. Then add in two accidents along with the two speeding tickets and the 12-month cost of auto insurance for seniors increases to an average of $3,974. That’s an increase of $2,516, or $210 per month, just for being a careless driver!

Get discounts on Alaska car insurance rates

<img class="shadow floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/cheapest-insurance-seniors-ak.jpg" alt="Cheaper Alaska auto insurance for senior citizens” />Car insurance companies that sell the cheapest car insurance for seniors in Alaska may additionally offer special discounts that could potentially reduce rates by as much as 30% if you are eligible for them. Companies and their offered discounts are shown below.

The illustration below shows the difference between yearly insurance costs with and without some available policy discounts. The rates are based on a female driver, no claims or violations, Alaska state minimum liability limits, full physical damage coverage, and $100 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with vehicle safety, marriage, anti-theft, passive restraint, homeowner, and multiple vehicle discounts applied. When discounts are applied, the the amount saved on auto insurance for seniors is % or $.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 2933,1147],[‘Age 30’, 2017,2111],[‘Age 40’, 1873,1461],[‘Age 50’, 1635,1355],[‘Age 60’, 1583,1187],[‘Age 70’, 1853,1147]]);var options = {title: ‘Effect of Discounts on Insurance Rates for Seniors’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,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(‘qcibdisc’));chart.draw(data, options);}