Who Has Cheap Auto Insurance Quotes for College Students in Alaska?

Locating cheap car insurance is easier said than done, and finding out which company has the cheapest auto insurance rates for college students involves even more perseverance. Premiums will be somewhat pricier than the average rate in Alaska, with the extra cost attributed to the potentially higher risk that goes along with offering insurance for students in college, but economical coverage should be achievable if you thoroughly shop around.

Every auto insurer has a different formula to set premium rates, so let’s begin by taking a look at the auto insurance companies that tend to have lower prices in Alaska. It’s a good idea to be aware that Alaska auto insurance rates are impacted by many factors that control the price you have to pay for coverage. Things like having a birthday, having a teenage driver, or getting a DUI may generate price changes resulting in some rates now being much higher than others.

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Umialik generally has some of the most affordable car insurance rates in Alaska at around $874 each year. USAA, State Farm, Progressive, and GEICO would also make the list of some of the cheapest Alaska insurance companies.

As shown in the rates above, if you currently have coverage with State Farm and switched to Umialik, you may realize yearly savings of upwards of $101. Customers with Progressive could save as much as $386 a year, and GEICO policyholders might lower prices by up to $1,069 a year.

To find out how much you can save, click here to begin a quote or click through to the companies below.

Remember that these prices are averaged for all types of insureds and vehicles and and are not figured with a rate surcharge for college students. So the company that has the cheapest price for you may not even be featured in the list of companies above. That is why you need to get car insurance quotes using your own specific driver information and vehicle.

When shopping for the cheapest insurance for students in college, one of the many components that affect the cost of insurance is your zip code in Alaska. Regions with larger populations or more claims like Anchorage, Fairbanks, and Meadow Lakes tend to pay more, whereas areas with less congestion have the luxury of cheap car insurance for college students in Alaska.

The table below lists the higher priced cities in Alaska for college students to purchase a policy in.

Prices are approximated as the specific area where the vehicle is garaged can revise insurance rates greatly.

The make and model of vehicle driven is probably the most important factor when comparison shopping for cheap car insurance for college students in Alaska. Vehicles with high performance features, a lack of safety features, or high incidents of liability claims will cost much more to insure than more economical and safe models. The next table presents car insurance rates for a handful of the more afforable vehicles to insure.

Data rating is based on single male driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in vehicle garaging location which can revise price quotes greatly.

Based upon these rates, you can see that vehicles like the Honda Accord, Honda CR-V, Jeep Wrangler, Ford Edge, and Ford Escape are most likely going to be some of the less-costly vehicles to insure for students in college. Rates will tend to be higher just due to the fact that there is a higher risk for college students, but in general those specific models will probably have the best rates compared to other types of vehicles.

Get discounts on Alaska car insurance

<img class="shadow floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/car-insurance-college-students-ak.jpg" alt="Cheaper Alaska auto insurance for students in college”/>Car insurance companies that provide cheap car insurance for college students in Alaska may have special discounts that could reduce prices by 25% or more if you meet eligibility requirements. A few popular companies and their possible discounts are:

• Farmers Insurance includes discounts for multi-car, teen driver, business and professional, alternative fuel, youthful driver, and electronic funds transfer.
• State Farm may include discounts for passive restraint, anti-theft, good student, safe vehicle, multiple autos, and good driver.
• Liberty Mutual may have discounts that include new move discount, newly retired, hybrid vehicle, exclusive group savings, safety features, good student, and new vehicle discount.
• MetLife offers discounts including claim-free, defensive driver, multi-policy, good student, and accident-free.
• Progressive offers premium reductions for multi-policy, homeowner, continuous coverage, online quote discount, and multi-vehicle.

The illustration below shows the difference between annual premium costs with and without discounts being applied to the rates. Data assumes a female driver, no violations or accidents, Alaska state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with passive restraint, good student, continuous coverage, vehicle safety, paperless filing, and anti-theft discounts applied. With discounts applied, the the amount saved on auto insurance for college students is 21% or $251.

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State Farm, Geico, Allstate, and Progressive: Who is cheapest?

If you’re looking for the best car insurance for students in college, the companies with the most market share are State Farm, Geico, Allstate, and Progressive. Each one has a different combination of discounts, features, and options that may steer you one way or another. The data below breaks down price, claims, and customer service ratings, as well as some optional coverages that you can purchase from each one.