Who Has Cheap Auto Insurance for Low Mileage Drivers in Anchorage?

The words “bargain” and “auto insurance” really shouldn’t be used in the same sentence, specifically when shopping around for the best car insurance for low mileage drivers. To help control this cost, let’s introduce you to some of the factors that help determine car insurance premiums, and come up with some ideas to take the sting out of your next policy.

One of the many components that determine the amount you pay for auto insurance is where you keep your car. Cities with larger populations or higher claim trends tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims profit from lower rates.

The information below rates the priciest cities in Alaska for low mileage drivers to buy auto insurance in. Anchorage comes in at #4 with a yearly premium of $1,269 for the average policy, which is approximately $106 per month.

How much does auto insurance cost in Anchorage?
Rank City Average Per Year
1 Palmer $1,304
2 Fairbanks $1,284
3 Wasilla $1,278
4 Anchorage $1,269
5 Meadow Lakes $1,252
6 College $1,244
7 Nikiski $1,202
8 Homer $1,202
9 Sterling $1,202
10 Kenai $1,202
11 Kodiak $1,167
12 Ketchikan $1,066
13 Juneau $979
14 Sitka $957
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Prices are estimated as vehicle location can increase or decrease coverage prices considerably.

The car, truck, or SUV on the policy is probably the most important factor when trying to find the cheapest coverage for low mileage drivers. Vehicles with lower performance, modern passenger safety features, or a low likelihood of having liability claims will cost much less to insure than high performance models. The list below illustrates insurance prices for a selection of the more affordable automobiles to insure.

Cheapest Vehicles to Insure in Anchorage, AK
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V LX 2WD $1,441
Ford Escape Limited 2WD $1,471
Nissan Altima 2.5 4-Dr Sedan $1,487
Ford Focus SES 4-Dr Sedan $1,535
Honda Accord EX 4-Dr Sedan $1,540
Chevrolet Impala LTZ $1,563
Toyota Prius $1,594
Toyota Corolla XRS $1,600
Jeep Wrangler Sport Islander Package 4WD 2-Dr $1,690
Chevrolet Silverado 2500HD LTZ Crew Cab Diesel 4WD $1,700
Kia Optima EX $1,703
Toyota Camry LE $1,706
Volkswagen Jetta S 4-Dr Sedan $1,711
Ford Explorer Eddie Bauer AWD $1,739
Hyundai Elantra Blue 4-Dr Sedan $1,764
Honda Odyssey EX W/Rear Entertainment $1,787
Ford Edge Sport AWD $1,795
Chevrolet Equinox LS 2WD $1,825
Toyota RAV4 Limited 4WD $1,835
GMC Sierra SLE Regular Cab 4WD $1,828
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Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Estimates do not factor in specific location which can modify premiums substantially.

Based on these rates, we can tell that cars like the Honda CR-V, Ford Escape, and Nissan Altima are most likely to be some of the cheapest vehicles to insure for infrequent drivers.

Types of discounts on Anchorage insurance rates

Save on car insurance for infrequent drivers in AnchorageCar insurance companies that offer quotes for low mileage drivers may also offer policy discounts that could lower prices by 35% or more if you are eligible for them. A list of companies and a selection of discounts are:

The example below shows the comparison of auto insurance rates with and without some available policy discounts. The data assumes a male driver, no accidents or driving violations, Alaska state minimum liability limits, full coverage, and $250 deductibles.

The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with defensive driving course, multiple vehicle, claim-free, multiple policy, accident-free, and safe-driver discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on car insurance for low mileage drivers is 28% or $540.

Choosing a good quality insurer can be rather challenging considering how many different companies sell coverage in Alaska. The ranking information in the next section can help you choose which providers to look at when comparing rate quotes. These rankings are for major nationwide insurance companies, so companies that have a smaller presence are not taken into consideration for this list.

Top Car Insurance Companies for Low Mileage Drivers in Alaska
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

Drive safe and save

The easiest way to receive cheap car insurance prices in Alaska for infrequent drivers is to drive attentively and maintain a clean driving record. The chart below illustrates how traffic citations and accident claims can impact car insurance costs for different age groups of insureds. The information is based on a single male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.

The data above shows the average cost of car insurance in Alaska per year with no violations or accidents is $1,243. Receive two speeding tickets and the average cost swells to $1,637, an increase of $395 each year. Now add two accidents along with the two speeding tickets and the annual cost of car insurance for low mileage drivers increases to an average of $3,217. That’s an increase of $1,974, or $165 per month, just for not being a responsible driver!