The words “bargain” and “auto insurance” really shouldn’t be used together, specifically when you are looking for the lowest insurance prices for electric cars. To help control this cost, let’s familiarize you with a few of the factors that have an effect on insurance premiums, and figure out some ways to take the sting out of the next policy you buy.
The vehicle requiring insurance is probably the biggest factor in finding low-cost car insurance for electric cars. Vehicles with economical engines, a great safety record, or a low likelihood of having liability claims will cost substantially less to insure than higher performance models.
The list below shows car insurance costs for a number of the most affordable automobiles to buy insurance for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford F-150 STX Regular Cab 4WD | $1,520 |
| Ford Escape XLS 2WD | $1,530 |
| Honda CR-V EX 2WD | $1,536 |
| Ford Edge SEL 2WD | $1,575 |
| Toyota Prius | $1,654 |
| Toyota Tacoma 4WD | $1,661 |
| Dodge Grand Caravan SE | $1,668 |
| Chevrolet Impala LTZ | $1,693 |
| Hyundai Elantra SE 4-Dr Sedan | $1,698 |
| Toyota Camry XLE | $1,693 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,722 |
| Nissan Rogue S AWD | $1,728 |
| Chevrolet Malibu LTZ | $1,724 |
| Ford F-350 XL Crew Cab King Ranch 2WD | $1,753 |
| GMC Sierra SL Extended Cab 2WD | $1,758 |
| Jeep Grand Cherokee Laredo 2WD | $1,765 |
| Ford Focus SE 4-Dr Sedan | $1,769 |
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Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Price information does not factor in specific zip code location which can impact price quotes greatly.
Looking at the data, we can presume that makes and models like the Ford F-150, Ford Escape, Honda CR-V, and Ford Edge will be the most affordable vehicles to insure for eco-friendly vehicles.
One of the more important things that determine the cost of insurance is where you choose to live. Areas with more people or higher crime rates tend to pay slightly more, whereas areas that tend to be more rural have the benefit of cheaper car insurance.
The information below shows the most expensive cities in Alaska for electric cars in which to purchase auto insurance. Anchorage ranks #1 having an annual price of $1,308 on average, which is about $109 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Anchorage | $1,308 |
| 2 | Meadow Lakes | $1,304 |
| 3 | Palmer | $1,304 |
| 4 | Fairbanks | $1,246 |
| 5 | Wasilla | $1,240 |
| 6 | Sterling | $1,238 |
| 7 | College | $1,232 |
| 8 | Homer | $1,226 |
| 9 | Nikiski | $1,190 |
| 10 | Kenai | $1,190 |
| 11 | Kodiak | $1,167 |
| 12 | Ketchikan | $1,035 |
| 13 | Sitka | $997 |
| 14 | Juneau | $969 |
| Start a Quote Go | ||
Prices are approximated as the specific area where the vehicle is garaged can impact rates significantly.
Selecting the top auto insurance company can be rather challenging considering how many companies provide coverage in Anchorage. The company ratings shown below can help you decide which providers you want to consider when comparing rate quotes.
These rankings are for companies with a nationwide focus, so companies that only write business in Alaska or surrounding areas are not included in the list. If you wish to compare rates from these and other competitive companies, simply click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
How to get discounts on Anchorage insurance rates
Insurers that offer quotes for electric cars may provide price discounts that could potentially reduce rates by as much as 25% or more if you qualify for them. A few of the larger companies and some of the premium reductions they offer are detailed below.
- Mercury Insurance offers discounts including annual mileage, multi-policy, ease of repair, anti-theft, good student, age of vehicle, and professional/association.
- Farmers Insurance offers discounts for electronic funds transfer, distant student, alternative fuel, youthful driver, teen driver, and good student.
- Farm Bureau may offer discounts for youthful driver, driver training, multi-policy, safe driver, multi-vehicle, and renewal discount.
- State Farm has savings for student away at school, passive restraint, good driver, safe vehicle, and Drive Safe & Save.
- Allstate includes discounts for economy car, 55 and retired, anti-lock brakes, good student, eSmart discount, premier plus, and EZ pay plan discount.
- GEICO offers premium reductions for air bags, federal employee, multi-policy, emergency military deployment, seat belt use, five-year accident-free, and good student.
The diagram below visualizes the comparison of premium costs with and without discounts being applied to the rates. The prices are based on a male driver, no violations or accidents, Alaska state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with safe-driver, passive restraint, multiple vehicle, accident-free, defensive driving course, and multiple policy discounts applied. With discounts applied, theamount saved on auto insurance for electric cars is 28% or $429.
How to find budget-friendly car insurance for electric cars
The list below details some of the better thrifty solutions that can help Anchorage drivers get cheap coverage.
- Maintaining good credit helps earn cheaper rates
- Do not get into accidents that are your fault
- Increase your physical damage deductibles
- Do not pay for full coverage on older vehicles
- Drive vehicles with five-star safety ratings
- Keep your driving record clean
- Compare rate quotes often
That final tip is remarkably crucial, as was stressed in the article above. Prices can be modified anytime, so don’t be unwilling to switch carriers if a lower price can be found.
Staying with the same car insurance company is fine, but it isn’t a good idea if that faithfulness ends up costing you thousands of dollars over several years. In just a few minutes you could compare prices and find cheaper car insurance for electric cars in Anchorage.
If you have questions and prefer to get some help when shopping for cheaper insurance for eco-friendly vehicles, the agents shown below can probably help you decide which is the best policy. To locate an Anchorage auto insurance agent by location nearest to you, click the button following the list.
Curt Green, Jr. – State Farm Insurance Agent
836 E 15th Ave #1 – Anchorage, AK 99501 – (907) 272-2812
Lisa Sanders – State Farm Insurance Agent
8427 Laviento Dr #201 – Anchorage, AK 99515 – (907) 344-0506
Bill Evans – State Farm Insurance Agent
805 Gambell St – Anchorage, AK 99501 – (907) 276-2424
State Farm: Todd Jackson
1330 Huffman Rd Suite E – Anchorage, AK 99515 – (907) 345-0214