The type of vehicle on the policy is one of the largest factors when shopping around for the best coverage for active military. Vehicles with higher performance, poor safety ratings, or a track record of large liability claims will cost significantly more to insure than more economical and safe models.
The next list shows coverage premiums for the most budget-friendly vehicles to buy insurance for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 4WD | $1,386 |
| Ford Edge SE 2WD | $1,488 |
| Honda CR-V LX 2WD | $1,530 |
| Chevrolet Equinox LT AWD | $1,606 |
| Honda Accord EX-L 4-Dr Sedan | $1,620 |
| Chevrolet Malibu LT | $1,638 |
| Toyota Prius | $1,654 |
| Ford Focus SES 4-Dr Sedan | $1,662 |
| Chevrolet Impala LS | $1,722 |
| Jeep Grand Cherokee SRT-8 4WD | $1,725 |
| Chevrolet Silverado LTZ Crew Cab 4WD | $1,735 |
| Honda Odyssey Touring | $1,725 |
| Volkswagen Jetta SE 2.5 Station Wagon | $1,748 |
| Ford F-150 FX4 4WD | $1,793 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,800 |
| Ford Explorer Eddie Bauer 4WD | $1,793 |
| Dodge Grand Caravan Crew | $1,798 |
| Toyota RAV4 Sport 2WD | $1,809 |
| GMC Sierra 2500HD SLT Extended Cab 4WD | $1,811 |
| Toyota Camry Hybrid | $1,840 |
| Find Cheaper Rates Go | |
Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Information does not factor in vehicle garaging location which can decrease or increase rates substantially.
Looking at the rates, we can infer that cars like the Ford Escape, Ford Edge, and Honda CR-V are going to be some of the most budget-friendly vehicles to insure for military personnel.
Finding out which company has the cheapest auto insurance rates for active military will involve a bit more effort than just comparing rates from one or two companies. Every auto insurer uses their own method to establish rates, so we’ll go over the auto insurance companies that tend to be cheaper in Anchorage, AK.
It’s important that readers know that Alaska auto insurance rates are determined by lots of factors which can substantially change the price you pay for coverage. Simply having a birthday, buying a different vehicle, or getting a DUI can produce rate changes that can now make some companies cheaper than competitors.
Best Cheap Insurance Rates for Military
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Umialik | $892 |
| 2 | USAA | $967 |
| 3 | State Farm | $975 |
| 4 | Progressive | $1,260 |
| 5 | GEICO | $1,943 |
| 6 | Allstate | $2,374 |
| 7 | Safeco | $2,426 |
| View More Rates Go | ||
Umialik may have some of the lowest car insurance rates in Anchorage at around $892 annually. This is $651 less than the average premium paid by Alaska drivers of $1,543. USAA, State Farm, Progressive, and GEICO would also be considered some of the cheaper Anchorage, AK car insurance companies.
As shown in the table above, if you are a policyholder with Progressive and switched to Umialik, you may realize an annual savings of roughly $368. Customers with GEICO could save as much as $1,051 a year, and Allstate insureds might reduce prices by as much as $1,482 a year.
To find the cheapest rates for your vehicle, click here to start a quote or visit any of the low-priced companies below.
Bear in mind that those prices are averaged across all types of drivers and the different vehicles they drive and and are not figured with a vehicle location for active military. So the company that has the cheapest rates for you may not even be in the list above. That underscores the importance of why you need to compare as many prices as possible using your own driver information and specific vehicle type.
For military personnel, one of the big factors that determine car insurance rates is where you keep your car. Areas with more people or even just a higher incidence of claims will most likely pay more, whereas areas with less people or fewer weather incidents profit from lower rates.
The next table rates the highest-priced areas in Alaska for active military to buy car insurance in. Anchorage shows up at #5 with a yearly premium of $1,256 for the average insured, which is approximately $105 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Palmer | $1,304 |
| 2 | Meadow Lakes | $1,304 |
| 3 | Wasilla | $1,278 |
| 4 | Fairbanks | $1,272 |
| 5 | Anchorage | $1,256 |
| 6 | Sterling | $1,238 |
| 7 | College | $1,232 |
| 8 | Homer | $1,226 |
| 9 | Nikiski | $1,202 |
| 10 | Kenai | $1,190 |
| 11 | Kodiak | $1,155 |
| 12 | Ketchikan | $1,024 |
| 13 | Juneau | $999 |
| 14 | Sitka | $987 |
| Find Cheaper Insurance Go | ||
Price information shown is estimated as specific Anchorage garaging address can influence coverage prices substantially.
The illustration below highlights how deductible selection can change insurance premiums when searching for cheap insurance for active military. The rate quotes are based on a single male driver, full coverage, and no discounts are applied.
The data above shows that a 30-year-old driver could save $252 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $380 by choosing a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, have the ability to save as much as $732 annually just by choosing higher deductibles when buying full coverage. When raising deductibles, it is a good idea to have additional funds squirreled away to allow you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Rate comparison of full coverage and liability-only
Finding cheaper auto insurance is important to the majority of vehicle owners, and one of the easiest ways to save on the cost of insurance for active military is to not buy full coverage. The illustration below illustrates the comparison of auto insurance rates with full coverage compared to only the Alaska minimum liability coverage. The rate quotes are based on a clean driving record, no at-fault accidents, $500 deductibles, single marital status, and no discounts are factored in.
If averaged out across all ages, full coverage on your policy costs an extra $1,288 per year more than buying just liability insurance. That may make you wonder if buying full coverage is a good investment. There is no exact formula to drop physical damage coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your vehicle’s claim settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $8,000 after paying your deductible. If you are currently paying more than $800 annually for physical damage coverage, then it might be time to consider dropping full coverage.
Tips for finding more affordable auto insurance for active military
The list below shows some of the better money-saving suggestions that can help you buy cheap coverage.
- Drop full coverage on older vehicles
- Serious violations like DUI or reckless driving can increase rates dramatically
- Increase your physical damage deductibles
- If possible, pay for small claims out-of-pocket
- Avoid accidents and claims
- Comparison shop at least every other year
The final tip is especially vital, as was stressed in the prior information. Coverage prices in Anchorage adjust frequently, so don’t be hesitant to buy from a new company if a lower price can be found.
We understand brand loyalty, but we do not recommend it if that dedication is costing a lot of money. If you have a few minutes, shop around and find cheaper car insurance for active military.
The Anchorage car insurance agencies listed below can most likely answer your questions and help you decide which auto insurance policy would work best for you, as some drivers have questions and prefer to get some professional input when comparing insurance rates for military personnel. It can be challenging to do it yourself, so insurance agents licensed in the state of Alaska can add satisfaction knowing your coverage gives you enough protection.
To locate an Anchorage insurance agent close to you, click the button below the list or click here to compare prices now.
- Stacey Roy – State Farm Insurance Agent
9220 Lake Otis Pkwy Ste A6 – Anchorage, AK 99507 – (907) 345-0505 - Doug McCann – State Farm Insurance Agent
360 Boniface Pkwy, Ste B5 – Anchorage, AK 99504 – (907) 272-6442 - Randall Moss Insurance
2960 C St #200 – Anchorage, AK 99503 – (907) 562-6224