Saab 9-5 Insurance Rates in Anchorage

Insurance quote for Saab 9-5 in AnchorageUnbelievable but true according to a study over 70% of consumers kept their policy with the same company for well over three years, and approximately 40% of consumers have never even shopped around for lower-cost coverage. Many consumers in Alaska could save up to $368 every year just by shopping around, but they don’t believe how much savings they would realize if they switch to a new company.

To save the most money, the best way to find cheaper car insurance rates in Anchorage is to annually compare prices from companies who provide car insurance in Alaska.

  1. Get a basic knowledge of what coverages are included in your policy and the things you can control to prevent expensive coverage. Many rating criteria that increase rates like at-fault accidents, careless driving, and an unacceptable credit rating can be remedied by making minor driving habit or lifestyle changes.
  2. Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can provide rates from one company like GEICO and State Farm, while independent agencies can provide price quotes for a wide range of companies. View a list of agents
  3. Compare the new rate quotes to your existing rates to see if a cheaper price is available in Anchorage. If you find better rates and make a switch, make sure coverage does not lapse between policies.

One key aspect when comparing rates is to make sure you’re comparing the same liability limits and deductibles on every quote and and to get prices from as many companies as possible. This guarantees a fair rate comparison and a better comparison of the market.

These tips will introduce you to how car insurance works and also save some money in the process If you are insured now, you should be able to find the best rates using these tips. But Alaska consumers must know how the larger insurance companies price online insurance and take advantage of how the system works.

How to compare Anchorage Saab 9-5 insurance quotes

When comparing insurance rates, know that having more price comparisons helps locate lower pricing.

The companies in the list below offer price quotes in Anchorage, AK. If your goal is to find cheap auto insurance in AK, it’s highly recommended you visit two to three different companies to get a more complete price comparison.

Saab 9-5 insurance statistics and information

The price information shown next covers detailed analysis of policy rates for Saab 9-5 models. Having a better idea how auto insurance policy rates are calculated can help drivers make informed purchases.

Saab 9-5 Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
9-5 Aero XWD 4-Dr Sedan $176 $394 $330 $20 $98 $1,018 $85
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rates do not factor in specific garaging location which can affect rates noticeably.

Raise deductibles and save

The hardest decision when buying coverage is how low should you set your deductibles. The following tables help summarize the differences in price between high and low deductibles. The first rate comparisons uses a $100 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.

Saab 9-5 insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
9-5 Aero XWD 4-Dr Sedan $324 $648 $272 $16 $82 $1,367 $114
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Saab 9-5 insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
9-5 Aero XWD 4-Dr Sedan $180 $342 $272 $16 $82 $892 $74
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Premium costs do not factor in the specific area where the vehicle is garaged which can impact rates noticeably.

Based on these figures, using a $100 deductible would cost the average driver about $40 more each month or $480 every year than selecting the higher $1,000 deductible. Since you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at a minimum 23 months between claims, you would more than likely save some money if you elect the higher deductible.

How to determine when to raise deductibles

Average monthly premium for $100 deductibles: $114
Average monthly premium for $1,000 deductibles (subtract): – $74
Monthly savings from raising deductible: $40
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $40
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

An important thing to remember is that raising deductibles to get cheaper rates means you pay more out-of-pocket when you have a physical damage claim. You must have some savings in the bank in the event you have to pay the deductible to have repairs made.

Saab 9-5 liability-only versus full coverage

The chart below shows the difference between Saab 9-5 auto insurance rates with full physical damage coverage compared to only buying liability only. The data assumes no claims or driving violations, $250 deductibles, single status, and no discounts are applied to the premium.

Should you be buying full coverage?

There is no exact formula of when to phase out physical damage insurance, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

For example, let’s say your Saab 9-5 replacement value is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after paying your policy deductible. If you are paying in excess of $400 a year for full coverage, then you might consider buying liability only.

There are some conditions where eliminating full coverage is not recommended. If you still have a lienholder on your title, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not drop full coverage.

Can’t I compare rate quotes from local Anchorage car insurance agents?

A lot of people just prefer to sit down and talk to an agent and there is nothing wrong with that. One of the benefits of getting online price quotes is that drivers can save money and get cheap auto insurance quotes and still choose a local agent. Buying insurance from local agencies is still important in Anchorage.

Insurance agents in AnchorageOnce you complete this short form, the coverage information is instantly submitted to insurance agents in Anchorage that give free quotes for your auto insurance coverage. It’s much easier because you don’t need to search for an agent because prices are sent to the email address you provide. You can find lower rates and an insurance agent to talk to. If you want to compare prices for a specific company, just go to their quote page and fill out the quote form the provide.

Listed below are agents in Anchorage that are able to give price quotes for Saab 9-5 insurance in Anchorage.

More insurance agents

Finding the right company requires more thought than just the price. These questions are important to ask: