The words “bargain” and “insurance” really should not be used together, specifically when searching for the best car insurance rates for 4×4 vehicles. Let’s go over some of the things that can significantly affect car insurance prices, and find out if you can take the sting out of your next policy.
One of the many factors that help determine car insurance rates is the neighborhood you call home. Regions with larger populations or more claims are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.
The following table sorts the most costly cities in Alaska for 4×4 vehicles to buy an auto insurance policy in. Anchorage comes in at #1 with an annual rate of $1,295 for car insurance, which is around $108 per month.
|Rank||City||Premium Per Year|
|Start a Quote Go|
Annual rates are approximated as the vehicle garaging location can modify premium rates greatly.
The make and model of vehicle that needs insurance is a significant factor when comparison shopping for the most economical auto insurance for 4×4 vehicles. Vehicles with lower performance, a great safety record, or a positive history of liability claims will cost less to insure than fast, unsafe models. The data below presents coverage premiums for some of the most economical automobiles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Edge SEL 2WD||$1,511|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,522|
|Honda CR-V EX-L 2WD||$1,527|
|Chevrolet Impala LT||$1,542|
|Jeep Grand Cherokee Laredo 2WD||$1,549|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$1,599|
|Honda Odyssey EX-L||$1,623|
|Ford Escape XLT 4WD||$1,638|
|Chevrolet Malibu LTZ||$1,651|
|Toyota Corolla XRS||$1,659|
|GMC Sierra SL Crew Cab 4WD||$1,651|
|GMC Sierra 3500HD SLE Extended Cab 2WD||$1,682|
|Ford Focus SES 2-Dr Coupe||$1,737|
|Hyundai Elantra SE Touring Station Wagon||$1,739|
|Kia Optima EX||$1,765|
|Toyota Tacoma Double Cab 4WD||$1,768|
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Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Rate quotes do not factor in vehicle location which can change coverage prices noticeably.
Based upon the table data, models like the Ford Edge, Volkswagen Jetta, Honda CR-V, Chevrolet Impala, and Jeep Grand Cherokee are most likely to be the most affordable vehicles to insure for off-road vehicles.
Buying coverage from the top car insurance provider can be a challenge considering how many choices you have in Alaska. The rank data in the lists below could help you analyze which auto insurers you want to consider shopping your coverage with. These ratings are only made up of insurance companies that insure vehicles in the majority of U.S. states, so companies without a large exposure are not factored into the list.
Top 10 Large Auto Insurers 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%
Top 10 Large Auto Insurers in Anchorage Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- The Hartford
- The General
- Farmers Insurance
The illustration below highlights how deductible choice can affect insurance prices when searching for cheap insurance for 4×4 vehicles. The rates are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.
The chart above illustrates that a 30-year-old driver could cut expenses by $342 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $512 by changing to a $1,000 deductible. Youthful drivers, like the age 20 example, could save up to $1,010 every year just by choosing higher deductibles when buying full coverage.
When using a larger deductible, it is essential to have enough spare savings to offset the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Discounts on Anchorage auto insurance
Insurers that offer quotes for 4×4 vehicles may also give you discounts that could reduce prices by as much as 40% or more if you are eligible to receive them. A few of the larger companies and the discounts they provide can be read below.
- State Farm discounts include student away at school, multiple policy, driver’s education, good student, anti-theft, safe vehicle, and Steer Clear safe driver discount.
- Esurance may have discounts that include homeowner, paid-in-full, online quote, claim free, online shopper, and defensive driver.
- Progressive may offer discounts for online quote discount, online signing, continuous coverage, good student, and homeowner.
- Liberty Mutual offers discounts for multi-policy, safety features, newly retired, good student, hybrid vehicle, newly married, and preferred payment discount.
- Auto-Owners Insurance offers discounts including safe driver, safe vehicle, paid in full, anti-theft, anti-lock brakes, and good student.
- GEICO includes discounts for multi-vehicle, federal employee, anti-theft, emergency military deployment, daytime running lights, and air bags.
The example below shows the difference between insurance prices with and without discounts being applied to the rates. The data assumes a male driver, no claims or driving violations, Alaska state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with anti-theft, accident-free, marriage, defensive driving course, vehicle safety, and homeowner discounts applied. When these discounts are applied to the policy premium, the average savings per year on car insurance for 4×4 vehicles is 28% or $344.
How to find economical auto insurance for 4×4 vehicles
The list below shows some of the better penny-pinching solutions that can help drivers locate low-cost auto insurance.
- Tickets and violations raise rates
- Higher credit ratings may save you money
- Increase your deductibles
- At-fault accidents will increase rates
- Buy a car with high safety ratings
- Comparison shop at least once a year
The final tip is incredibly vital, as was stressed in this piece. Insurance rates adjust frequently, so don’t hesitate to switch carriers if a lower price can be found. Many drivers have brand loyalty and that’s fine, but is isn’t recommended if it’s costing you hundreds of dollars year after year. In less than five minutes you could shop around and find cheaper insurance for 4×4 vehicles in Anchorage.
The insurance agents in Anchorage listed below are a good start to answer your questions and help you decide which coverage meets your needs best, as lots of drivers aren’t clear which coverage they need and would like to get some professional advice when comparing insurance rates for 4×4 vehicles. It can be difficult to find the best policy on your own, so getting professional guidance from a licensed agent can provide satisfaction knowing your policy gives you suitable coverage if you have an accident. To locate an Anchorage auto insurance agent nearest to you, click the button at the bottom of the list.
- Stacey Roy – State Farm Insurance Agent
9220 Lake Otis Pkwy Ste A6 – Anchorage, AK 99507 – (907) 345-0505
- Safeco Insurance
500 W 36th Ave #210 – Anchorage, AK 99503 – (907) 770-2400
- Marsh Mc Lennan Agency
1031 W 4th Ave #400 – Anchorage, AK 99501 – (907) 276-5617
- State Farm Insurance – Justin Goodman
4200 Old Seward Hwy – Anchorage, AK 99503 – (907) 561-7771