Who Has the Cheapest Anchorage Car Insurance Rates for Immigrants?

Comparing rates for cheap auto insurance is not the easiest thing to do, and determining which insurers offer the best auto insurance rates for immigrants will take even more perseverance. Each insurance company has their own unique process to determine rates, so let’s take a look at the auto insurance companies with the overall cheapest rates in Anchorage.

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Alaska auto insurance company rankings
Rank Company Cost Per Year
1 Umialik $901
2 USAA $957
3 State Farm $965
4 Progressive $1,223
5 GEICO $1,962
6 Allstate $2,303
7 Safeco $2,501
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Umialik generally has some of the cheapest car insurance rates in Anchorage at around $901 each year. This is $642 less than the average price paid by Alaska drivers of $1,543. USAA, State Farm, Progressive, and GEICO would also make the list of some of the cheapest Anchorage, AK car insurance companies.

As illustrated above, if you are a policyholder with USAA and switched to Umialik, you might realize yearly savings of upwards of $56. Alaska drivers with State Farm could save as much as $64 a year, and Progressive customers might lower prices by up to $322 a year.

To see how much you can save, click here to get quotes or visit any of the companies below.

These prices are averaged for all insureds and vehicles and and are not calculated with a specific location for immigrants. So the car insurance company that can offer you the best price may not even be in the list above. That points out the importance of why you need to compare prices as often as possible using your own driver and vehicle profiles.

For foreigners, one of the big considerations that aid in calculating the price you pay for insurance is the neighborhood you call home in Anchorage. More densely populated places will most likely pay more, whereas areas with less congestion have the gratification of cheaper auto insurance rates.

The following table shows the highest-priced areas in Alaska for immigrants to buy car insurance in. Anchorage is listed at #4 with the yearly price of $1,256 for the average insured, which is around $105 per month.

How much does auto insurance cost in Anchorage?
Rank City Average Per Year
1 Fairbanks $1,272
2 College $1,270
3 Palmer $1,265
4 Anchorage $1,256
5 Meadow Lakes $1,252
6 Wasilla $1,240
7 Nikiski $1,238
8 Kenai $1,226
9 Sterling $1,226
10 Kodiak $1,203
11 Homer $1,190
12 Ketchikan $1,024
13 Sitka $997
14 Juneau $979
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Premium amounts are comparative as the specific area where the vehicle is garaged can influence insurance rates significantly.

The type of vehicle needing coverage is a large consideration when shopping for cheap auto insurance for immigrants. Vehicles with average performance, a great safety record, or a low likelihood of liability claims will cost substantially less to insure than high performance models. The next list illustrates auto insurance prices for a selection of the cheaper vehicles to buy insurance for.

Cheapest Vehicles to Insure in Anchorage, AK
Make and Model Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $1,590
Honda CR-V EX-L 4WD $1,625
Toyota Camry LE $1,641
Dodge Grand Caravan SXT $1,671
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $1,697
Ford Escape XLT 2WD $1,700
Ford Edge Sport 2WD $1,727
Ford Fusion Sport 4-Dr Sedan $1,756
Chevrolet Silverado LT Regular Cab $1,759
Hyundai Sonata GLS 4-Dr Sedan $1,764
Toyota Prius $1,761
Toyota Camry Hybrid $1,874
Toyota Tacoma Double Cab 4WD $1,879
Ford Explorer Limited 2WD $1,916
Honda Odyssey EX-L W/Navigation $1,978
Chevrolet Impala LTZ $1,986
Toyota RAV4 Sport 4WD $2,013
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Rate quotes do not factor in specific zip code location which can change price quotes greatly.

Based upon these rates, makes and models like the Hyundai Elantra, Honda CR-V, Toyota Camry, and Dodge Grand Caravan are most likely to be the cheaper vehicles to insure for foreigners.

Discount Anchorage car insurance

Save on auto insurance for foreigners in AnchorageInsurance providers that offer coverage for immigrants could also offer discounts that may potentially lower prices by as much as 35% or more if you qualify for them. A list of companies and a summarized list of policyholder discounts are outlined below.

The information below visualizes the comparison of car insurance costs with and without discounts applied to the policy rates. The premiums are based on a female driver, no claims or driving violations, Alaska state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with anti-theft, accident-free, multiple policy, vehicle safety, multiple vehicle, and passive restraint discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on auto insurance for immigrants is 28% or $459.

The illustration below highlights how deductible selection can affect insurance premiums when searching for cheap insurance for immigrants. Data assumes a married female driver, comp and collision included, and no discounts are applied to the premium.

In the chart above, a 40-year-old driver could save $250 a year by changing from a $100 deductible to a $500 deductible, or save $378 by changing to a $1,000 deductible. Even younger drivers, like the 20-year-old example, can cut up to $624 every year just by choosing higher deductibles when buying full coverage.

If you do decide to increase your deductibles, it is important to have additional funds squirreled away to enable you to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Should you buy full coverage?

Lowering the price of auto insurance is important to the majority of people, and one way to pay lower rates for insurance for immigrants is to not pay for full coverage. The example below shows the difference between insurance costs with full coverage and liability only. The information is based on no accidents, no driving violations, $1,000 deductibles, drivers are single, and no policy discounts are applied.

If the expense is averaged for all age categories, physical damage coverage costs an additional $1,148 per year more than insuring for liability only. That is a significant amount which raises the question if full coverage is worth the money. There isn’t a written rule to eliminate physical damage insurance, but there is a general school of thought. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s pretend your vehicle’s claim settlement value is $10,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $9,500 after paying your deductible. If it’s costing in excess of $950 a year for your policy with full coverage, then it could be time to drop full coverage.

The insurance agencies listed below can provide answers to your questions and help you determine which auto insurance policy would work best for you, as some people prefer to have a consultation when buying car insurance for immigrants. It can be challenging to find the best policy yourself, so getting professional guidance from a licensed agent can give you satisfaction knowing your coverage gives you adequate coverage when you need it most.

To find an agent using an interactive map, click the button at the bottom of the list or click here to get price quotes now.

Gary Annis – State Farm Insurance Agent
3330 C St #101Anchorage, AK 99503(907) 563-1960

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

Herb Schlereth – State Farm Insurance Agent
225 E Fireweed Ln #101Anchorage, AK 99503(907) 277-5548

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