Alaska Auto Insurance

Under Alaskan law, you may exclude a driver in your household from inclusion on your auto insurance policy.  In fact, the auto insurance company may make this request for persons with a poor driving history which pose a higher risk.  A college student who lives away from home and does not have access to a vehicle may be excluded.  If a driver is excluded from the policy, they have no liability coverage but you still have the liability exposure if they drive one of your vehicles and get in an accident so think this decision over carefully before you remove them from the policy.

If you have an auto policy or have had one in the past, you must provide the name of the company, the dates of coverage, and the amount of liability coverage it provided.  Some insurance companies will give you better rates if you insure for more than the state mandatory minimums.  Lack of prior insurance coverage due to never owning a car cannot be held against you as long as you have never violated the Alaska Mandatory Insurance Act.

The state of Alaska allows insurance companies to check you credit history when they set you premiums and determine whether they will insure you.  The company may ask you to explain any bankruptcies, judgments, or credit problems.  They may also ask to do an insurance score to assist them with the premium quote.  This score will use your credit history as a whole or part of the rating system.  Although Alaska allows insurance companies to use your credit score, there are limitations on the information they use, how they use it, and how often they use it.

Alaska does not mandate that you carry personal injury protection (PIP), comprehensive, collision, or uninsured/underinsured insurance coverage.  Alaska is not a “no-fault” state.  The average insurance premium in Alaska averages about $955.00 and has the 11th most expensive auto insurance premiums in the nation as of 2006.  A single male age 72 and a single female age 25 have the two lowest insurance premiums in the state with all the major insurance companies which operate in the state of Alaska.  On the other hand, a family which includes a 16 year old son or daughter will have the highest premiums in the state.  There are 15 major insurance companies which have met the qualifications to sell auto insurance in the state of Alaska.  They are All State Property and Casualty, American International Company, American Mutual Insurance Company, Country Casualty, Country Mutual, Geico Casualty Company, Geico Indemnity Company, Government and Employees Insurance Company (GEICO), Metropolitan Group Insurance Company, Progressive Specialty, Safeco Insurance Company, State Farm Fire & Casualty Company, State Farm Mutual Automobile Insurance Company, Teachers (Horace Mann), and USAA. 

Below you will find a table comparing the annual premium estimates in the Fairbanks, Alaska area for a 2007 Jeep Liberty 4x4, 4 door vehicle used to commute 10 miles one way by the owner.  The premiums are given for various ages and family situations.  They are also based on individuals with perfect driving records who have been licensed since age 16.  They have all taken a drive safety course and have been given discounts for the standard safety devices such as seat belts etc.

Company Male Female Male Female Male
Name Single Single Single Single Single
19 19 25 25 72
All State Property 1496.00 1172.00 734.00 672.00 618.00
And Casualty
American 2684.00 1532.00 728.00 552.00 575.00
International Co.
American Mutual 2826.00 1532.00 1012.00 817.00 662.00
Insurance Co.
Country Casualty 3151.00           1794.00 1351.00 1253.00 1321.00
Country Mutual NA NA 955.00 866.00 878.00
Geico Casualty Co. 2736.00 2360.00 1630.00 1944.00 1473.00
Geico Indemnity Co. 2466.00 2141.00 1352.00 1228.00 1016.00
Government Employees1862.00 1506.00 910.00 793.00 486.00
Insurance Co. (GEICO)
Metropolitan Group 2434.00 1416.00 951.00 706.00 589.00
Insurance Co.
Progressive Specialty 2620.00 1727.00 1039.00 996.00 1197.00
Safeco Insurance Co. 2107.00 1835.00 1019.00 979.00 588.00
State Farm Fire & 1827.00 1385.00 791.00 663.00 487.00
Casualty Co.
State Farm Mutual 1664.00 1261.00 721.00 604.00 445.00
Automobile Insurance Co.
Teachers (Horace Mann)1456.00 1264.00 897.00 853.00 800.00
USAA 1673.00 1117.00 656.00 607.00 659.00

Company           Male &   Male 40         Female 40 & Male 40 &         Male 40 &
Name                 Female   Male 16           Female 16           Female 40         Female 40
            Married                                 Male 16         Female 16
All State Property     1050.00   2808.00           2325.00 3430.00 2965.00
And Casualty
American             884.00   3931.00           2684.00 3488.00 2860.00
International Co.
Insurance Co.
American Mutual     1258.00   3727.00 2695.00 4487.00 3456.00
Country Casualty     1795.00   4176.00 3124.00 5122.00 4070.00
Country Mutual       1214.00   3364.00 2404.00 4016.00 3056.00
Geico Casualty Co.  2008.00   4096.00 3806.00 5082.00 4792.00
Geico Indemnity Co.  1565.00   3807.00 3397.00 4577.00 4167.00
Government           1001.00   2003.00 1684.00 3232.00 2592.00
Employees Ins. Co.
(GEICO)
Metropolitan Group   1198.00   3018.00 2095.00 3520.00 2646.00
Insurance Co.
Progressive           1582.00   4466.00 3576.00 5274.00 4353.00
Specialty
Safeco Ins. Co.      695.00   2302.00 2185.00 2324.00 2198.00
State Farm Fire &    993.00   2826.00 2217.00 3353.00 2743.00
Casualty Co.
State Farm Mutual   905.00   2573.00 2019.00 3054.00 2499.00
Automobile Ins. Co.
Teachers (Horace     1347.00   2108.00 2021.00 3457.00 3373.00
Mann)
USAA 875.00   2339.00 1684.00 2777.00 2001.00

Some things you can do to reduce your premiums are to maintain a clean driving record, keep a good credit score, and drive a vehicle with a good safety rating.  Other things that can affect your insurance are the area where you live and work and the traffic volume in that area.  If you have a teenage driver, it may be less expensive to include them on the family policy.  Stress with them the importance of maintaining good grades and a clean driving record as these will help to defray the cost of premiums.  Your age, the age of your car as well as its condition, and your gender will play a factor in the cost of your auto insurance premiums.