How Much is Car Insurance for Good Drivers in Anchorage?

The words “low-cost” and “insurance” probably shouldn’t be used together, specifically when you are searching for the cheapest auto insurance for good drivers. In an attempt to save some money, let’s take a look at some of the things that have an effect on insurance rates, and come up with some ideas to reduce the price of the next policy you buy.

The vehicle requiring insurance is probably the largest consideration when shopping around for the most economical insurance for good drivers. Vehicles with limited top-end speed, advanced safety features, or a positive history of liability claims will cost much less to insure than adrenaline junky models. The next list ranks car insurance premiums for a number of the most cost-effective vehicles to insure in Alaska.

Cheapest Vehicles to Insure in Anchorage, AK
Make and Model Estimated Cost for Full Coverage
Dodge Grand Caravan SE $1,583
Honda CR-V EX 2WD $1,596
Honda Accord LX 4-Dr Sedan $1,603
Ford F-150 STX Super Cab 4WD $1,615
Volkswagen Jetta 2.0T Station Wagon $1,655
Chevrolet Malibu LS $1,674
Chevrolet Silverado LT Extended Cab 4WD $1,679
Toyota Camry LE $1,674
Toyota RAV4 Limited 2WD $1,682
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,706
Ford Escape Limited 4WD $1,725
Jeep Wrangler Sahara 4WD 2-Dr $1,730
Hyundai Elantra Blue 4-Dr Sedan $1,735
Toyota Prius $1,765
Chevrolet Equinox LS 2WD $1,832
Chevrolet Impala LT $1,841
Nissan Altima 2.5 4-Dr Sedan $1,832
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Information does not factor in the specific area where the vehicle is garaged which can change premium rates considerably.

Based upon these rates, you can presume that cars like the Dodge Grand Caravan, Honda CR-V, Honda Accord, and Ford F-150 are most likely to be a few of the most economical vehicles to insure for safe drivers.

For safe drivers, one of the largest factors that determine auto insurance rates is where your car is garaged. Regions with more people or even just more weather-related claims will most likely pay more, whereas areas with less congestion have the enjoyment of a little cheaper coverage.

The next table sorts the most costly cities in Alaska for good drivers in which to buy car insurance. Anchorage shows up at #4 having an annual price of $1,269 for the average policyholder, which is around $106 each month.

How much does auto insurance cost in Anchorage?
Rank City Average Per Year
1 Palmer $1,304
2 Fairbanks $1,272
3 College $1,270
4 Anchorage $1,269
5 Wasilla $1,266
6 Meadow Lakes $1,265
7 Kenai $1,238
8 Nikiski $1,238
9 Sterling $1,226
10 Kodiak $1,203
11 Homer $1,190
12 Ketchikan $1,035
13 Juneau $999
14 Sitka $957
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Table data uses approximated as the specific Anchorage residence address can lower or raise auto insurance rates greatly.

Types of discounts on Anchorage car insurance rates

Cheaper Anchorage, AK auto insurance for safe driversCar insurance companies that offer coverage for good drivers may provide price discounts that may potentially lower prices by 25% or more if you meet specific eligibility requirements. A few popular companies and their possible discounts are included below.

The illustration below compares insurance prices with and without some available policy discounts. The prices are based on a female driver, a clean driving record, no claims, Alaska state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with safe-driver, multiple policy, vehicle safety, homeowner, marriage, and multiple vehicle discounts applied. When taking advantage of discounts, the average amount saved each year on auto insurance for good drivers is 28% or $503.

Selecting the top auto insurance provider can be challenging considering how many different insurance companies sell coverage in Anchorage. The company rank data shown below can help you decide which companies you want to consider purchasing from. The rankings below include the largest companies in the United States, so companies that focus mainly on Alaska business will not be included in these rankings.

Anchorage, AK Auto Insurance Company Rankings
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: Best Car Insurance Companies

Impact of careless driving on Anchorage auto insurance rates

The easiest method to score the cheapest auto insurance prices in Anchorage for safe drivers is to drive cautiously and avoid at-fault accidents and violations. The information below illustrates how speeding tickets and at-fault claims can impact insurance rates for different age groups. The premiums assume a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.

In the previous chart, the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,982. Receive one speeding ticket and the average cost rises to $2,247, an increase of $264 each year. Then include one accident along with the one speeding ticket and the annual cost of auto insurance for good drivers increases to an average of $3,003. That’s an increase of $1,020, or $85 per month, just for not maintaining a clean driving record!