The words “low-cost” and “auto insurance” really shouldn’t be used in the same sentence, specifically when shopping around for the cheapest coverage for safe drivers. To save some money, let’s lead off by showing you a few of the factors the can have a considerable influence on car insurance rates, and see if we can help you shave a little off your next policy.
The car, truck, or SUV that is being insured is one of the primary factors when shopping for the lowest-priced car insurance for safe drivers. Vehicles with reasonable performance levels, good safety features, or a low likelihood of liability claims will cost quite a bit less to insure than higher performance models.
The data below illustrates coverage rates for some of the cheaper vehicles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$1,393|
|Honda CR-V EX 4WD||$1,425|
|Ford Explorer XLT AWD||$1,564|
|Dodge Grand Caravan CV||$1,570|
|Nissan Altima 2.5 4-Dr Sedan||$1,650|
|Toyota Tacoma Double Cab 4WD||$1,658|
|Toyota RAV4 Sport 4WD||$1,650|
|Jeep Grand Cherokee Laredo 4WD||$1,658|
|Toyota Camry LE||$1,650|
|Honda Civic LX 4-Dr Sedan||$1,703|
|Honda Accord EX-L 4-Dr Sedan||$1,730|
|Hyundai Elantra GLS 4-Dr Sedan||$1,736|
|Honda Odyssey EX-L W/Rear Entertainment||$1,744|
|Chevrolet Equinox LTZ 2WD||$1,768|
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Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Rate quotes do not factor in zip code location which can raise or lower prices significantly.
Based upon these rates, you can expect cars like the Ford Escape, Honda CR-V, Toyota Prius, Ford Explorer, and Dodge Grand Caravan are the most affordable vehicles to insure for good drivers.
Finding good, cost effective auto insurance is not most people’s favorite thing to do, and determining which company has the cheapest car insurance rates for safe drivers will involve even more work. Each insurer has their own unique process to determine premium rates, so we’ll take a look at the car insurance companies that tend to have lower prices in Anchorage.
It’s important that readers know that Anchorage, AK car insurance rates are influenced by many factors which can substantially change the price you pay for coverage. Getting older, buying another vehicle, or having an accident may prompt premium changes that can now make some companies much cheaper than others.
Best Cheap Insurance Rates for Safe Drivers
|Rank||Company||Cost Per Year|
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Umialik normally has some of the most affordable car insurance rates in Anchorage at around $892 a year. This is $651 less than the average rate paid by Alaska drivers of $1,543. USAA, State Farm, Progressive, and GEICO would also make the list of some of the most economical Anchorage, AK car insurance companies.
As illustrated above, if you are a customer of State Farm and switched to Umialik, you could see an annual savings of around $73. Drivers with Progressive may save as much as $318 a year, and GEICO policyholders might realize rate reductions of up to $994 a year.
To find the cheapest rates for your vehicle, click here or click several companies below for low rates.
It’s important to note that these prices are averages across all ages of drivers and types of vehicles and and are not figured with a specific location for safe drivers. So the insurer that is most affordable for your situation may not even be in the list above. That emphasizes why you need to get quotes using your own driver and vehicle profiles.
The illustration below shows how different deductible levels can increase or decrease insurance costs when researching cheap insurance for safe drivers. The premiums are based on a single female driver, comp and collision included, and no discounts are applied to the premium.
The data above shows that a 40-year-old driver could cut expenses by $218 a year by changing from a $100 deductible up to a $500 deductible, or save $326 by selecting a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, could possibly save as much as $548 every year just by choosing higher deductibles. If you do raise deductibles, it is essential to have emergency funds available to enable you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Buying coverage from a highly-rated car insurance company can be a challenge considering how many different insurance companies sell coverage in Anchorage. The rank data in the lists below can help you select which companies you want to consider comparing prices from. The rankings below only include large nationwide companies, so companies that have a smaller presence will not be included in this list.
Top 10 Major Auto Insurance Companies Overall in Anchorage
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Liberty Mutual
Top 10 Major Auto Insurance Companies in Anchorage Ranked by Customer Satisfaction
- USAA – 94%
- AAA Insurance – 91%
- State Farm – 90%
- GEICO – 89%
- The Hartford – 89%
- The General – 88%
- 21st Century – 88%
- Allstate – 88%
- Liberty Mutual – 88%
- Esurance – 87%
Illustration showing the impact of accidents and violations
The easiest method to get the best car insurance prices in Alaska for good drivers is to pay attention while driving and avoid tickets and accidents. The diagram below demonstrates how speeding tickets and at-fault accidents drive up insurance costs for different categories of driver ages. Data assumes a married male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.
In the previous chart, the average cost of car insurance per year with no accidents or violations is $1,296. Get two speeding tickets and the average cost rises to $1,781, an increase of $485 each year. Now add in one accident along with the two speeding tickets and the annual cost of car insurance for safe drivers goes up to an average of $2,280. That’s an increase of $983, or $82 per month, just for not driving safely!