If your goal is the lowest price, then the best way to find lower priced car insurance rates in Anchorage is to regularly compare quotes from companies that sell auto insurance in Alaska.
Step 1: Get a basic knowledge of how companies set rates and the steps you can take to drop your rates. Many factors that cause rate increases such as distracted driving and an unacceptable credit rating can be eliminated by making small lifestyle or driving habit changes. This article gives tips to help keep rates affordable and find additional discounts you may qualify for.
Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only provide price estimates from one company like Progressive and State Farm, while independent agencies can provide rate quotes from multiple sources.
Step 3: Compare the quotes to your existing rates to see if a cheaper price is available. If you find better rates and decide to switch, ensure there is no coverage lapse between policies.
Step 4: Provide adequate notice to your current company to cancel the current policy and submit a completed policy application and payment to your new agent or company. Once received, keep your new certificate verifying coverage above your visor, in the console, or in the glove compartment.
A good tip to remember is to make sure you’re comparing identical deductibles and limits on every quote and and to get rate quotes from as many car insurance companies as possible. This provides an apples-to-apples comparison and the best price quote selection.
It’s a fact that auto insurance companies don’t want you quoting rates from other companies. Consumers who shop rates annually are inclined to switch insurance companies because there is a significant possibility of finding a policy with better rates. A recent survey found that people who compared prices regularly saved as much as $3,500 over four years as compared to drivers who never shopped around for cheaper prices.
If finding discount rates on auto insurance in Anchorage is your intention, then knowing how to shop and compare insurance rates can help simplify the task of finding more affordable coverage.
The method we recommend to compare car insurance company rates for Saturn Outlook insurance in Anchorage is to know all the major auto insurance companies participate in a system to provide you with a free rate quote. To start a quote, the only thing you need to do is give the companies some data including if you went to college, level of coverage desired, any included safety features, and marital status. That rating data is instantly provided to multiple top-rated companies and they return cost estimate quickly.
If you wish to get multiple quotes for your Saturn Outlook now, click here and enter the information requested.
The providers in the list below are ready to provide free rate quotes in Alaska. To buy cheaper auto insurance in Alaska, it’s a good idea that you get rates from several of them in order to get a fair rate comparison.
Buying the right vehicle insurance in Alaska is an important decision
Even though it can be expensive, maintaining insurance may be required for several reasons.
First, almost all states have compulsory liability insurance requirements which means the state requires a specific minimum amount of liability protection in order to license the vehicle. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you took out a loan on your car, almost every bank will require you to have comprehensive coverage to guarantee their interest in the vehicle. If you default on your policy, the bank may buy a policy for your Saturn at a significantly higher premium and require you to reimburse them much more than you were paying before.
Third, insurance protects both your assets and your Saturn Outlook. Insurance will pay for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability coverage will also pay to defend you if you are named as a defendant in an auto accident. If you have damage to your Saturn as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.
The benefits of buying insurance more than offset the price you pay, especially when you need to use it. Despite what companies tell you, the average driver overpays as much as $830 a year so you should quote and compare rates at every policy renewal to help ensure money is not being wasted.
Insurance coverage analysis
The premium information below covers different coverage costs for Saturn Outlook models. Learning a little about how auto insurance premiums are calculated is important for making decisions when shopping your coverage around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Outlook XE 2WD||$126||$218||$308||$18||$92||$762||$64|
|Outlook XV 2WD||$126||$218||$308||$18||$92||$762||$64|
|Outlook XE Premium 2WD||$140||$258||$308||$18||$92||$816||$68|
|Outlook XE AWD||$140||$258||$308||$18||$92||$816||$68|
|Outlook XE Premium AWD||$140||$258||$308||$18||$92||$816||$68|
|Outlook XR-L 2WD||$140||$258||$308||$18||$92||$816||$68|
|Outlook XR-L AWD||$140||$258||$308||$18||$92||$816||$68|
|Outlook XR-L Premium 2WD||$140||$258||$308||$18||$92||$816||$68|
|Outlook XR-L Premium AWD||$140||$258||$308||$18||$92||$816||$68|
|Get Your Own Custom Quote Go|
Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Information does not factor in specific garaging location which can raise or lower auto insurance rates substantially.
The example below shows how choosing a deductible and can impact Saturn Outlook yearly insurance costs for different categories of driver ages. The rates are based on a single female driver, full coverage, and no discounts are factored in.
Impact of citations and accidents on Anchorage insurance rates
The chart below highlights how traffic violations and accident claims can raise Saturn Outlook car insurance costs for each different age category. The premium estimates are based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.
Premiums by gender and age
The example below compares Saturn Outlook auto insurance costs for male and female drivers. The prices are based on no accidents or driving violations, full coverage, $500 deductibles, drivers are not married, and no policy discounts are applied.
Comparison of full coverage and liability-only policies
The information below visualizes the comparison of Saturn Outlook insurance prices with and without full coverage. The premiums assume a clean driving record, no claims, $500 deductibles, marital status is single, and no discounts are factored in.
Are you wasting money on full coverage?
There is no exact formula for eliminating physical damage coverage, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
For example, let’s say your Saturn Outlook replacement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $7,000 after paying your policy deductible. If you are paying over $700 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.
There are some situations where eliminating full coverage is not advised. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.
Do you qualify for discounts on Saturn Outlook insurance in Anchorage?
The cost of insuring your cars can be expensive, but you may qualify for discounts that can drop the cost substantially. Certain reductions will be credited at quote time, but some discounts are required to be specifically requested before they will apply. If you don’t get every credit you deserve, you’re paying more than you need to.
- Sign Online – A few car insurance companies will give you a small discount get Anchorage auto insurance on their website.
- Passive Restraints and Air Bags – Cars that have air bags or motorized seat belts may qualify for discounts of 25 to 30%.
- Fewer Miles Equal More Savings – Keeping the miles down on your Saturn could earn lower prices due to less chance of an accident.
- Home Ownership Discount – Owning a house in Anchorage can save you money because it is proof of financial responsibility.
- Early Switch Discount – Select larger companies give a discount for buying a policy prior to the expiration date on your current Outlook insurance policy. It could save around 10% when you buy Anchorage auto insurance online.
While discounts sound great, it’s important to understand that some of the credits will not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. Despite the fact that it seems like adding up those discounts means a free policy, nobody gets a free ride. Any qualifying discounts will definitely reduce your premiums.
The diagram below shows the difference between Saturn Outlook insurance costs with and without discounts applied to the policy premium. The premium estimates are based on a male driver, no claims or violations, Alaska state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, homeowner, multi-car, claim-free, and multi-policy discounts applied.
A few of the larger companies and their possible discounts are outlined below.
- GEICO includes discounts for daytime running lights, military active duty, air bags, driver training, five-year accident-free, good student, and emergency military deployment.
- MetLife offers discounts for accident-free, multi-policy, claim-free, good student, and good driver.
- State Farm discounts include good driver, student away at school, driver’s education, Drive Safe & Save, defensive driving training, and good student.
- Progressive has savings for multi-policy, good student, online signing, continuous coverage, multi-vehicle, and online quote discount.
- Mercury Insurance may offer discounts for accident-free, good student, type of vehicle, annual mileage, location of vehicle, good driver, and multi-car.
- 21st Century offers premium reductions for driver training, homeowners, 55 and older, automatic seat belts, early bird, student driver, and theft prevention.
- Allstate has discounts for safe driver, defensive driver, anti-theft, utility vehicle, economy car, and senior citizen.
If you need lower rates, check with each company or agent to give you their best rates. Savings might not apply in Anchorage. To view car insurance companies that offer the discounts shown above in Anchorage, follow this link.
When it comes to choosing adequate coverage, there isn’t really a “best” method to buy coverage. Everyone’s situation is unique.
For instance, these questions might help in determining whether you might need professional guidance.
- How can I get the company to pay a claim?
- Is my Saturn Outlook covered for smoke damage?
- Is pet coverage available?
- What is high-risk coverage and where do I buy it?
- How much liability insurance is required?
- What does medical payments cover?
- What is an adequate liability insurance limit?
- If my car is totaled with they pay enough to replace it?
- Am I covered if I drive in a foreign country?
If it’s difficult to answer those questions but a few of them apply, you might consider talking to an agent. To find lower rates from a local agent, complete this form. It is quick, free and you can get the answers you need.