What Car Insurance is Cheapest for Electric Cars in Anchorage?

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.

Cheapest Vehicles to Insure in Anchorage, AK
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.

Car insurance prices in Anchorage
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
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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.

Best Auto Insurance Companies for Electric Cars in Anchorage
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
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Data Source: Insure.com Best Car Insurance Companies

How to get discounts on Anchorage insurance rates

Auto insurance for eco-friendly vehicles in Anchorage, AKInsurers 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.

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.

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 #1Anchorage, AK 99501(907) 272-2812

Lisa Sanders – State Farm Insurance Agent
8427 Laviento Dr #201Anchorage, AK 99515(907) 344-0506

Bill Evans – State Farm Insurance Agent
805 Gambell StAnchorage, AK 99501(907) 276-2424

State Farm: Todd Jackson
1330 Huffman Rd Suite EAnchorage, AK 99515(907) 345-0214

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