It’s hard to miss the commercials from insurers like State Farm, Allstate, and GEICO that claim the cheapest price, so you just need to choose the one with the most memorable commercial, right?
It’s just not that simple, as there are a whole slew of unknown elements such as your age, your driving record, if you just need liability coverage, and the safety ratings of your vehicle, that all have an effect on the price of a policy. This article goes into detail about the best ways to shop for cheaper coverage and should give you a jump start in finding the best auto insurance in Alaska.
For high mileage drivers, one of the more important criteria that determine car insurance rates is where you live. Regions with more people or even just more weather-related claims will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates profit from lower rates.
The information below lists the priciest cities in Alaska for high mileage drivers in which to buy car insurance. Anchorage comes in at #4 with an annual cost of $1,269 for coverage, which is around $106 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Palmer | $1,291 |
| 2 | Fairbanks | $1,272 |
| 3 | College | $1,270 |
| 4 | Anchorage | $1,269 |
| 5 | Meadow Lakes | $1,252 |
| 6 | Sterling | $1,238 |
| 7 | Wasilla | $1,228 |
| 8 | Kenai | $1,226 |
| 9 | Nikiski | $1,202 |
| 10 | Homer | $1,202 |
| 11 | Kodiak | $1,191 |
| 12 | Ketchikan | $1,066 |
| 13 | Juneau | $979 |
| 14 | Sitka | $967 |
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Table data uses estimated as the specific area where the vehicle is garaged can influence rates substantially.
Trying to buy cost effective insurance is challenging, and finding out which company has the cheapest insurance rates for high mileage drivers will take even more diligence. Every insurance provider has their own process for determining rates, so to begin we’ll rank the lowest cost insurance companies in Alaska.
It’s a good idea to know that Alaska insurance rates are based on many factors which can substantially change the price you have to pay for coverage. That is why it is critical to perform an extensive rate comparison when trying to get the best auto insurance quotes for high mileage drivers. Car insurance prices can be altered by many things and can decrease or increase without notice, so the cheapest option the last time you shopped your coverage around may now be wasting a lot of money.
Lowest Insurance Price Quotes in Alaska
Umialik offers some of the cheapest car insurance rates in Anchorage at around $874 a year. USAA, State Farm, Progressive, and GEICO also rank well as some of the more affordable Anchorage, AK insurance companies.
As depicted above, if you are currently insured with Progressive and switched to USAA, you might achieve annual savings of approximately $308. Drivers with GEICO may save as much as $1,023 a year, and Allstate insureds might cut rates by $1,435 a year.
To see if you’re overpaying, click here to start a quote or click several companies below for low rates.
Bear in mind that those premium estimates are averages across all types of insureds and vehicles and and are not calculated with a specific location for high mileage drivers. So the car insurance company that fits your age and vehicle best may not even be in the list above. That underscores the importance of why you need to get auto insurance quotes using your own driver and vehicle profiles.
Rate comparison of full coverage and liability-only
Lowering the price of insurance is the goal of the majority of vehicle owners, and one great way to find cheap insurance for high mileage drivers is to only buy liability coverage. The chart below compares car insurance costs with and without full coverage. The data assumes no claims or driving violations, $1,000 deductibles, marital status is single, and no additional discounts are factored in.
If averaged for all ages, full coverage costs $1,550 per year more than just buying liability insurance. That is a large expense which might make you wonder if buying full coverage is a waste of money. There isn’t a steadfast formula for dropping physical damage coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
Ending up with a high-quality insurance company can be difficult considering how many companies sell insurance in Anchorage. The company rank data below can help you decide which coverage providers to look at comparing price quotes from. These rankings are only made up of companies with a nationwide focus, so smaller companies that only insure vehicles in Alaska are not factored into these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
How to find the cheapest car insurance for high mileage drivers
The list below shows some of the recommended penny-pinching ideas that can help Alaska drivers buy cheap coverage.
- Avoid preventable accidents
- Improve your credit score
- Safer vehicles generally have cheaper insurance rates
- Raise deductibles
- Don’t waste money on full coverage for older vehicles
- Speeding tickets and other violations increase rates
- Comparison shop at least every other year
The last tip in the list is notably crucial, as was discussed in the article above. Coverage rates can be changed at any time, so don’t be hesitant to buy from a different company if you can find a cheaper rate.
Brand loyalty is not necessarily bad, but it’s not recommended if your bullheadedness ends up costing you several hundred dollars every year. In just a couple of minutes you could compare prices and find cheaper insurance for high mileage drivers in Anchorage.
If you aren’t sure which coverage to buy and prefer to have some advice when comparing insurance rates for high mileage drivers, the insurance agencies below can probably provide answers to your questions and help you determine which car insurance policy is best.
To find an Anchorage insurance agent near you, click the button after the list.
Allstate Insurance: William R. McVitty
550 E Tudor Rd Ste 201 – Anchorage, AK 99503 – (907) 563-9690
Randall Moss Insurance
2960 C St #200 – Anchorage, AK 99503 – (907) 562-6224
Gary Annis – State Farm Insurance Agent
3330 C St #101 – Anchorage, AK 99503 – (907) 563-1960
State Farm: Charity Carmody
405 W Benson Blvd – Anchorage, AK 99503 – (907) 336-8800