Deciphering which companies offer the cheapest insurance rates for police officers takes a bit more effort than just getting one or two price quotes. Each auto insurance company has a proprietary formula to set their prices, so we’ll take a look at the insurance companies that tend to be cheaper in Anchorage, AK.
It’s important to know that Anchorage insurance rates are determined by lots of factors that may substantially change the cost of coverage. Improving your credit score, becoming a homeowner, or getting a ticket for careless driving can cause premium changes that can now make some companies more affordable than competitors.
Cheap Insurance Rates for Law Enforcement
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Umialik | $874 |
| 2 | USAA | $939 |
| 3 | State Farm | $975 |
| 4 | Progressive | $1,247 |
| 5 | GEICO | $1,905 |
| 6 | Allstate | $2,327 |
| 7 | Safeco | $2,426 |
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Umialik has some of the cheapest car insurance rates in Anchorage at around $874 each year. USAA, State Farm, Progressive, and GEICO are also some of the cheapest Anchorage, AK insurance companies.
As shown in the rates above, if you buy coverage from GEICO and switched to USAA, you could see annual savings of upwards of $966. Policyholders with Allstate might save as much as $1,388 a year, and Safeco customers might reduce rates by $1,487 a year.
To see if your current coverage is too expensive, click here to start your free quote or click through to the companies below.
Bear in mind that those policy rates are averaged for all insureds and vehicles and are not factoring in a specific vehicle garaging location for police officers. So the company that is best suited for you may not even be in the list above. That affirms the importance of why you need to get auto insurance quotes using your own individual information.
The vehicle model driven is probably the largest consideration in finding low-priced insurance for police officers. Vehicles with reasonable performance levels, modern passenger safety features, or a low likelihood of having liability claims will cost substantially less to insure than high performance models. The table below outlines insurance premiums for a number of the most cost-effective vehicles to insure in Alaska.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $1,493 |
| Honda Accord LX 4-Dr Sedan | $1,499 |
| Ford Escape XLS 4WD | $1,493 |
| Chevrolet Silverado LS Regular Cab 2WD | $1,563 |
| Toyota RAV4 2WD | $1,566 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,587 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,594 |
| Toyota Prius | $1,610 |
| Hyundai Elantra SE Touring Station Wagon | $1,612 |
| Ford F-150 XL Super Cab 4WD | $1,620 |
| Honda Odyssey EX-L W/Navigation | $1,649 |
| Volkswagen Jetta SEL 4-Dr Sedan | $1,677 |
| Toyota Corolla XRS | $1,683 |
| Dodge Grand Caravan CV | $1,685 |
| Ford Explorer XLT AWD | $1,694 |
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Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Price information does not factor in zip code location which can alter premium rates substantially.
Based on these rates, you can assume that cars like the Honda CR-V, Honda Accord, and Ford Escape will be a few of the most economical vehicles to insure for law enforcement personnel.
Discounts on Anchorage insurance rates
Insurance companies that provide coverage for police officers may additionally offer rate discounts that can lower rates by as much as 30% if you can meet the requirements. A few of the larger companies and a selection of discounts are included below.
- State Farm may include discounts for multiple autos, student away at school, good driver, passive restraint, safe vehicle, accident-free, and Steer Clear safe driver discount.
- Esurance has savings for multi-car, defensive driver, good driver, emergency road assistance, and multi-policy.
- Progressive includes discounts for good student, online quote discount, continuous coverage, homeowner, multi-vehicle, multi-policy, and online signing.
- Liberty Mutual offers discounts including teen driver discount, exclusive group savings, multi-policy, new vehicle discount, and multi-car.
- Auto-Owners Insurance offers discounts for paperless, multiple vehicles, good student, air bags, and safe vehicle.
- GEICO has discounts for multi-policy, air bags, federal employee, membership and employees, emergency military deployment, good student, and driver training.
The example below shows the difference between auto insurance rates with and without discounts applied. The premium estimates are based on a female driver, no claims or driving violations, Alaska state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with passive restraint, accident-free, anti-theft, marriage, claim-free, and vehicle safety discounts applied. When discounts are applied, the average amount saved each year on insurance for police officers is 28% or $407.
Driving violations and accidents
The best way to enjoy the best insurance prices in Alaska for law enforcement personnel is to drive carefully and avoid accidents and keep your driving record clean. The information below shows how speeding tickets and accidents impact annual premium costs for different age groups. The data is based on a married female driver, full coverage, $100 deductibles, and no other discounts are factored in.
In the example above, the average cost of auto insurance in Alaska per year with no violations or accidents is $1,209. Factor in two speeding tickets and the average cost increases to $1,718, an increase of $509 each year. Now add in one accident along with the two speeding tickets and the yearly cost of insurance for police officers jumps again to an average of $2,229. That’s an increase of $1,020, or $85 per month, just for being a little careless behind the wheel!
How to find cheaper car insurance for police officers
It is possible to find better rates, and here are many thrifty suggestions that can help you quote cheaper coverage.
- Ensure your driving record is clean
- Clean up your credit
- Increase your deductibles
- Choose a safer vehicle and pay lower rates
- Do not pay for comprehensive and collision coverage on older vehicles
- Avoid accidents and claims
- Compare price quotes at least once a year
The last idea is certainly vital, as we discussed in this piece. Car insurance rates can be adjusted at any time, so drivers shouldn’t be reluctant to switch companies if you find a cheaper price.
Many drivers tend to have loyalty to a certain company, but it’s not recommended if that devotion results in you overpaying money that could be going to better use. In less than five minutes you could compare rates to find cheaper insurance for police officers in Anchorage.