Unimaginable but true, nearly 70% of drivers have bought insurance from the same company for at least four years, and almost half have never shopped around. Drivers in Anchorage could cut their rates by nearly 35% a year just by shopping around, but most undervalue the amount of money they would save if they switched to a more affordable policy.
Truthfully, the best way to get affordable Chrysler Sebring insurance in Anchorage is to start comparing prices yearly from different companies in Alaska. Prices can be compared by following these guidelines.
First, get an understanding of what coverages are included in your policy and the changes you can make to prevent expensive coverage. Many risk factors that drive up the price like speeding tickets, careless driving and a less-than-favorable credit rating can be controlled by improving your driving habits or financial responsibility. Later in this article we will cover additional tips to get better rates and find discounts that may have been missed.
Second, quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like Progressive and State Farm, while independent agencies can provide prices from multiple insurance companies.
Third, compare the quotes to the premium of your current policy and see if there is a cheaper rate. If you find a better price and decide to switch, make sure coverage is continuous and does not lapse.
Fourth, provide notification to your current agent or company of your decision to cancel your current coverage. Submit a down payment and signed policy application to the new company. Be sure to put the new proof of insurance certificate in your glove compartment.
An essential thing to point out is to try to use identical deductibles and limits on every quote and and to get rate quotes from as many companies as feasibly possible. This ensures the most accurate price comparison and the best rate selection.
Finding and comparing affordable insurance in Anchorage is easy if you know what you’re doing. If you’re already insured or just want cheaper coverage, follow these tips to shop for the lowest rates without having to cut coverage. Consumers only have to learn the quickest way to compare insurance rates from multiple carriers.
Learn How to Find Insurance Cheaper
Many different elements are considered when pricing auto insurance. Most are fairly basic like your driving record, but other factors are not as apparent like your continuous coverage or your vehicle rating.
The factors shown below are just a few of the factors insurance companies consider when setting your rate level.
You might want pay the minor insurance claims yourself – Insurance companies in Alaska give most affordable rates to drivers who do not rely on their insurance for small claims. If you file a lot of claims you can pretty much guarantee either a policy non-renewal or much higher rates. Your car insurance is meant to be used in the event of the large, substantial claims.
Liability insurance is important – Liability insurance provides coverage if you are found liable for damages caused by your negligence. Liability provides for a legal defense which can be incredibly expensive. This coverage is relatively inexpensive compared to comp and collision, so do not cut corners here.
Prevent theft and reduce premiums – Purchasing a vehicle that has an advanced theft prevention system can get you a discount on your insurance. Theft prevention features such as OnStar, LoJack tracking, and tamper alarms help track and prevent vehicle theft.
Drive a safer car and pay less – Vehicles with good safety scores can get you lower premiums. Vehicles built for safety reduce injuries and reduced instances of injuries translates directly to fewer claims which can mean better rates for you.
Type of vehicle determines base premiums – The make and model of the car you need to insure makes a significant difference in your rates. The cheapest rates are for smaller low performance passenger cars, but the final cost of insurance is determined by many other factors.
The following data is based on a single male driver age 30, full coverage with $100 deductibles, and no discounts or violations. It shows Chrysler Sebring policy rates compared to other vehicles that have different performance risks.
Always keep your insurance policy in force – Having an insurance coverage lapse is a guaranteed way to bump up your insurance costs. Not only will rates go up, being ticketed for driving with no insurance will get you a license revocation or jail time.
Pay more out-of-pocket – The deductibles you choose state the amount of money you are required to pay if a claim is determined to be covered. Physical damage protection, also called comprehensive and collision insurance, protects your car from damage. Some coverage claims are rear-ending another vehicle, hail damage, and having a roll-over accident. The more money you have to pay, the better rate you will receive.
Only buy coverage you need – Insurance companies have many optional add-on coverages you can purchase on your insurance policy. Coverage for things like personal injury protection, accidental death, and Farm Bureau memberships are probably not needed. They may seem good initially, but if you’ve never needed them in the past eliminate them to save money.
Finding a better price on auto insurance is a fairly straight forward process. Just take the time comparing price quotes from online providers.
The companies in the list below offer free rate quotes in Anchorage, AK. To buy the best auto insurance in Alaska, it’s highly recommended you click on several of them to find the lowest auto insurance rates.
Coverage information
The premium information shown below covers different policy rates for Chrysler Sebring models. Knowing how insurance policy rates are calculated helps drivers make decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sebring Touring 4-Dr Sedan | $168 | $388 | $330 | $20 | $98 | $1,004 | $84 |
| Sebring Limited 4-Dr Sedan | $168 | $388 | $330 | $20 | $98 | $1,004 | $84 |
| Sebring LX 2-Dr Convertible | $190 | $388 | $330 | $20 | $98 | $1,026 | $86 |
| Sebring Touring 2-Dr Convertible | $190 | $388 | $330 | $20 | $98 | $1,026 | $86 |
| Sebring Limited 2-Dr Convertible | $210 | $446 | $330 | $20 | $98 | $1,104 | $92 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate information does not factor in vehicle location which can modify premium rates noticeably.
Choosing deductibles
One common question asked by Anchorage drivers is how high should the deductibles for physical damage be. The tables below may help you to understand the cost difference between low and high coverage deductibles. The first rate estimation uses a $100 physical damage coverage deductible and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sebring Touring 4-Dr Sedan | $234 | $498 | $272 | $16 | $82 | $1,127 | $94 |
| Sebring Limited 4-Dr Sedan | $234 | $498 | $272 | $16 | $82 | $1,127 | $94 |
| Sebring LX 2-Dr Convertible | $264 | $498 | $272 | $16 | $82 | $1,157 | $96 |
| Sebring Touring 2-Dr Convertible | $264 | $498 | $272 | $16 | $82 | $1,157 | $96 |
| Sebring Limited 2-Dr Convertible | $294 | $574 | $272 | $16 | $82 | $1,263 | $105 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sebring Touring 4-Dr Sedan | $170 | $336 | $272 | $16 | $82 | $876 | $73 |
| Sebring Limited 4-Dr Sedan | $170 | $336 | $272 | $16 | $82 | $876 | $73 |
| Sebring LX 2-Dr Convertible | $192 | $336 | $272 | $16 | $82 | $898 | $75 |
| Sebring Touring 2-Dr Convertible | $192 | $336 | $272 | $16 | $82 | $898 | $75 |
| Sebring Limited 2-Dr Convertible | $214 | $388 | $272 | $16 | $82 | $972 | $81 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Prices do not factor in specific location information which can raise or lower coverage rates considerably.
Using the data above, we can ascertain that using a $100 deductible will cost you about $22 more each month or $264 annually across all Chrysler Sebring models than selecting the higher $500 deductible. Since you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you go at least 18 months between claims, you would probably come out ahead if you choose a higher deductible.
How to determine if higher deductibles are a good idea
| Average monthly premium for $100 deductibles: | $97 |
| Average monthly premium for $500 deductibles (subtract): | – $75 |
| Monthly savings from raising deductible: | $22 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $22 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 18 months |
Insurance rate increases from tickets or accidents
The chart below highlights how speeding tickets and fender-benders can impact Chrysler Sebring insurance costs for different age categories. The rates are based on a single female driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
Males versus Females
The information below illustrates the difference between Chrysler Sebring insurance premiums for male and female drivers. The premiums assume a clean driving record, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, single status, and no discounts are factored in.
Buying the right Chrysler vehicle insurance in Alaska is an important decision
Despite the high insurance cost for a Chrysler Sebring in Anchorage, insurance serves an important purpose.
- Most states have mandatory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability 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.
- If you bought your Sebring with a loan, it’s guaranteed your bank will stipulate that you have full coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Chrysler for a lot more money and make you pay for it.
- Auto insurance preserves not only your Chrysler but also your financial assets. It will also pay for medical expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, will also pay attorney fees if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.
The benefits of buying auto insurance definitely exceed the price paid, particularly when you have a large claim. An average driver in America is currently overpaying as much as $855 a year so you should quote and compare rates once a year at a minimum to ensure rates are competitive.
These discounts can lower Chrysler Sebring insurance rates
Companies offering auto insurance don’t always publicize the complete list of policy discounts in an easy-to-find place, so we took the time to find some of the more common and also the more inconspicuous savings tricks you should be using when you buy Anchorage auto insurance online.
- Organization Discounts – Participating in a qualifying organization can get you a small discount on your next renewal.
- Bundled Policy Discount – When you combine your auto and home insurance with one insurance company you may earn at least 10 to 15 percent or more.
- Multiple Vehicles – Having several vehicles on the same auto insurance policy can reduce rates for all insured vehicles.
- Onboard Data Collection – Drivers who elect to allow driving data collection to spy on driving patterns by using a small device installed in their vehicle such as State Farm’s In-Drive may get a rate reduction as long as the data is positive.
- Accident-Free Discounts – Anchorage drivers who stay claim-free have much lower rates as compared to drivers who are more careless.
- Senior Discount – If you qualify as a senior citizen, you could receive reduced rates.
Consumers should know that most of the big mark downs will not be given to your bottom line cost. Some only reduce individual premiums such as liability and collision coverage. Despite the appearance that you could get a free auto insurance policy, that’s just not realistic.
The information below shows the difference between Chrysler Sebring car insurance rates with and without discounts. The premium estimates are based on a female driver, no driving violations, no at-fault accidents, Alaska state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, safe-driver, multi-car, marriage, and claim-free discounts applied.
A few popular companies and a partial list of their discounts can be read below.
- GEICO offers discounts including anti-theft, federal employee, five-year accident-free, multi-policy, military active duty, emergency military deployment, and defensive driver.
- SAFECO offers premium reductions for multi-car, teen safe driver, anti-lock brakes, bundle discounts, teen safety rewards, drive less, and anti-theft.
- State Farm offers discounts for driver’s education, accident-free, student away at school, good driver, Drive Safe & Save, and passive restraint.
- MetLife includes discounts for multi-policy, accident-free, defensive driver, good student, claim-free, good driver
- 21st Century policyholders can earn discounts including automatic seat belts, good student, homeowners, student driver, and driver training.
- Progressive may have discounts that include multi-policy, online signing, online quote discount, homeowner, continuous coverage, multi-vehicle, and good student.
When quoting, ask each company the best way to save money. Some discounts listed above may not apply in your state. For a list of companies with the best discounts in Anchorage, click this link.
When should I have guidance from an agent?
Certain consumers would prefer to sit down and talk to an agent and often times that is recommended Most agents are trained risk managers and give you someone to call. A nice benefit of comparing insurance prices online is the fact that you can find cheap rate quotes but also keep your business local. Buying from small agencies is important particularly in Anchorage.
To find an agent, once you fill out this form (opens in new window), your information is transmitted to insurance agents in Anchorage who can give free rate quotes for your insurance coverage. You won’t even need to contact any insurance agencies as quotes are delivered to you instantly. If you want to compare rates from a specific insurance company, you would need to visit that company’s website and complete a quote there.
When looking for a reputable agency, it’s helpful to know the types of insurance agents and how they are distinctly different. Auto insurance agents in Anchorage are classified as either exclusive or independent agents depending on their company appointments. Either one can properly insure your vehicles, but it is a good idea to know the difference in how they write coverage because it can impact the selection process.
Independent Auto Insurance Agencies
These agents often have affiliation with several companies so as a result can place your coverage through many different auto insurance companies and help determine which has the cheapest rates. If you want to switch companies, they simply switch companies in-house and you can keep the same agent.
If you are comparing auto insurance prices, we highly recommend that you contact a couple of independent agencies to maximize your price options. Most also have access to smaller mutual companies which could offer lower prices.
The following is a list of independent agencies in Anchorage that can give you comparison quotes.
- Conrad-Houston Insurance
507 W Northern Lights Blvd – Anchorage, AK 99503 – (907) 276-7667 – View Map - Insurance Group Of Alaska
505 W Northern Lights Blvd #216 – Anchorage, AK 99503 – (907) 276-9600 – View Map - Randall Moss Insurance
2960 C St #200 – Anchorage, AK 99503 – (907) 562-6224 – View Map
Exclusive Insurance Agencies
These type of agents work for only one company and some examples include State Farm or Allstate. These agents are unable to place coverage with different providers so they are skilled at selling on more than just price. Exclusive insurance agents receive extensive training on their company’s products and that allows them to sell at a higher price point. Some consumers prefer to purchase coverage from exclusives mostly because of the brand and solid financial strength.
Below are Anchorage exclusive insurance agencies that can give you comparison quotes.
- State Farm Insurance – Justin Goodman
4200 Old Seward Hwy – Anchorage, AK 99503 – (907) 561-7771 – View Map - State Farm Insurance
Anchorage, AK 99508 – Anchorage, AK 99508 – (907) 333-6575 – View Map - Stacey Allen – State Farm Insurance Agent
2203 W Dimond Blvd #100B – Anchorage, AK 99515 – (907) 277-2233 – View Map
Finding the right insurance agency requires you to look at more than just the price. Any good agent in Anchorage should know the answers to these questions.
- Do they get extra compensation for selling add-on coverages?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Do the coverages you’re quoting properly cover your vehicle?
- What kind of financial rating does the company have?
- Is the agency active in community causes in Anchorage?
Which auto insurance company is best in Alaska?
Selecting the highest-rated insurer is hard considering how many companies there are to choose from in Alaska. The company information shown next could help you decide which auto insurance companies you want to consider comparing rates from.
Top 10 Anchorage Car Insurance Companies by A.M. Best Rank
- USAA – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Allstate – A+
- Progressive – A+
- The Hartford – A+
- The General – A-
- AAA Insurance – A
- Liberty Mutual – A
Top 10 Anchorage Car Insurance Companies Ranked by Customer Service
- State Farm
- GEICO
- The Hartford
- Progressive
- The General
- Allstate
- American Family
- AAA Insurance
- Liberty Mutual
- Farmers Insurance
Special considerations
When quoting and choosing adequate coverage, there is no best way to insure your cars. Every situation is different and your insurance should be unique as well.
For example, these questions can aid in determining whether your personal situation would benefit from an agent’s advice.
- Can I make deliveries for my home business?
- Who sells insurance for high-risk drivers?
- What is the difference between comprehensive and collision coverage?
- How can I get the company to pay a claim?
- What discounts do I qualify for?
- Why do I need rental car insurance?
If you can’t answer these questions, then you may want to think about talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of insurance companies in your area. It only takes a few minutes and may give you better protection.
A conclusion for your insurance search
You just read many ways to find cheaper Chrysler Sebring insurance in Anchorage. The most important thing to understand is the more rate comparisons you have, the better likelihood of getting inexpensive Anchorage auto insurance quotes. You may even find the most savings is with a small local company. Smaller companies may have significantly lower car insurance rates on certain market segments compared to the large companies like State Farm, GEICO and Nationwide.
The cheapest Chrysler Sebring insurance in Anchorage can be found on the web in addition to local insurance agencies, and you should compare rates from both to have the best selection. A few companies do not offer online quoting and most of the time these small insurance companies only sell through independent agencies.
Even more information can be read by following these links:
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Who Has Cheap Auto Insurance for Low Mileage Drivers in Anchorage? (FAQ)
- What Car Insurance is Cheapest for Unemployed Drivers in Anchorage? (FAQ)
- Who Has Cheap Auto Insurance for College Students in Anchorage? (FAQ)
- Understanding Your Insurance Deductible (Insurance Information Institute)
- Prepare your Teens for Safe Driving (InsureUonline.org)
- What is a Telematics Device? (Allstate)
- Auto Crash Statistics (Insurance Information Institute)