You have surely seen all the commercials from car insurance companies like GEICO, Liberty Mutual, and The General guaranteeing huge savings, so you just need to pick the company with the catchiest ad, right?
That is not the case, however, as there are a whole bunch of unknowns such as the vehicle you are insuring, when you were born, your credit rating, and how much you actually drive in a year, that all have an effect on the price. We will touch on the different ways to avoid overpaying and educate you enough to have a good start in finding the cheapest insurance in Anchorage.
One of the more important things that aid in calculating the annual cost of car insurance is where you live. More densely populated places tend to pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the enjoyment of a little cheaper coverage.
The illustration below ranks the priciest cities in Alaska for felons to purchase auto insurance in. Anchorage makes the list at #4 having an annual price of $1,256 for the average policy, which is approximately $105 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Palmer | $1,304 |
| 2 | College | $1,282 |
| 3 | Wasilla | $1,278 |
| 4 | Anchorage | $1,256 |
| 5 | Meadow Lakes | $1,252 |
| 6 | Fairbanks | $1,246 |
| 7 | Homer | $1,226 |
| 8 | Nikiski | $1,202 |
| 9 | Sterling | $1,190 |
| 10 | Kenai | $1,190 |
| 11 | Kodiak | $1,155 |
| 12 | Ketchikan | $1,024 |
| 13 | Juneau | $999 |
| 14 | Sitka | $997 |
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Table data uses comparative as zip code location can change coverage rates noticeably.
Establishing which companies offer the cheapest car insurance rates for felons involves a little more work than just picking a company at random. Each insurance company has a different formula to set premium rates, so we will examine the car insurance companies with the overall best prices in Anchorage, AK.
It’s important to understand that Anchorage, AK car insurance rates are determined by lots of factors that control the cost of coverage. Simply turning a year older, having a teen driver, or getting a reckless driving citation may generate price changes resulting in some rates now being more affordable than before.
Best Auto Insurance Prices for Felons
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Umialik | $865 |
| 2 | USAA | $957 |
| 3 | State Farm | $995 |
| 4 | Progressive | $1,260 |
| 5 | GEICO | $1,905 |
| 6 | Allstate | $2,374 |
| 7 | Safeco | $2,426 |
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Umialik generally has some of the most affordable car insurance rates in Anchorage at around $865 per year. This is $678 less than the average premium paid by Alaska drivers of $1,543. USAA, State Farm, Progressive, and GEICO would also make the list of some of the more affordable Anchorage, AK insurance companies.
As shown above, if you currently have coverage with GEICO and switched to USAA, you could earn an annual savings of approximately $948. Customers with Allstate could save as much as $1,417 a year, and Safeco policyholders might lower prices by up to $1,469 a year.
If you would like to find cheaper car insurance rates, click here to get quotes or feel free to get quotes from the companies below.
Be aware that those premiums are averaged for all insureds and vehicles and and are not calculated with a specific zip code for felons. So the auto insurance company that is most affordable for your situation may not even be in the list above. That illustrates why you need to quote rates from many companies using your own personal information and vehicle type.
The vehicle to be insured is one of the primary factors when shopping around for the best cheap coverage for felons. Vehicles with economical engines, an excellent safety record, or a low likelihood of having liability claims will cost significantly less to insure than high performance models.
The information below showcases car insurance costs for a handful of the more affordable automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra SE Touring Station Wagon | $1,436 |
| Honda CR-V LX 2WD | $1,449 |
| Honda Accord LX-P 4-Dr Sedan | $1,459 |
| Toyota Prius | $1,465 |
| Jeep Wrangler Sport 4WD 2-Dr | $1,491 |
| Ford Escape XLS 2WD | $1,493 |
| Ford Focus S 4-Dr Sedan | $1,535 |
| Ford Fusion S 4-Dr Sedan | $1,566 |
| Chevrolet Malibu LT | $1,594 |
| Ford Explorer Limited AWD | $1,600 |
| Toyota Corolla S | $1,649 |
| Nissan Altima Hybrid 4-Dr Sedan | $1,677 |
| Chevrolet Silverado 2500HD LT Crew Cab 4WD | $1,684 |
| Nissan Rogue S AWD | $1,680 |
| Chevrolet Impala LS | $1,688 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $1,708 |
| Toyota RAV4 4WD | $1,714 |
| Toyota Tacoma 2WD | $1,727 |
| Honda Civic EX-L 4-Dr Sedan | $1,734 |
| Dodge Ram 3500 Crew Cab ST 2WD | $1,737 |
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Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Rates do not factor in garaging location in Anchorage, AK which can change rates noticeably.
Based upon the rates shown, we can expect cars like the Hyundai Elantra, Honda CR-V, Honda Accord, and Toyota Prius should be the more affordable vehicles to insure for felons.
Picking the top auto insurance company can be challenging considering how many companies sell insurance in Alaska. The information shown next can help you pick which auto insurers to look at to insure your vehicles. The rankings below are only made up of large, nationwide insurance companies, so companies with more of a regional focus are not taken into consideration for this list.
| 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 |
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Data Source: Insure.com Best Car Insurance Companies
Impact of speeding/accidents on Anchorage car insurance rates
A great way to obtain the cheapest car insurance prices for felons is to be a cautious driver and avoid accidents and keep your driving record clean. The chart below illustrates how traffic citations and at-fault fender-benders can increase insurance rates for different insured age categories. The premiums assume a married female driver, full coverage, $500 deductibles, and no policy discounts are applied.
The data in the chart shows the average cost of a car insurance policy in Alaska per year with no accidents or violations is $993. Get written up for one speeding ticket and the average cost hikes up to $1,157, an increase of $165 each year. Now get two accidents along with the one speeding ticket and the 12-month cost of car insurance for felons jumps again to an average of $2,623. That’s an increase of $1,630, or $136 per month, just for not being a responsible driver!
Why you should compare rates
Alaska car insurance rates are influenced by many factors which can substantially decrease or increase the price of your policy. Simply getting older, adding a teenager to your policy, or getting a driving violation can trigger rate changes that can now make some companies affordable when they were higher priced. In addition to those changes, auto insurance companies change the rates they charge in Alaska without warning in order to protect their financial rating. Larger than normal claims may cause high rates, while a better claims history can produce more affordable Anchorage car insurance rates.
To illustrate this example, the data below shows which companies have the cheapest car insurance in Anchorage, AK for a 35-year-old female driver with no prior claims, no tickets, and excellent credit. When comparing rates based on her personal risk profile, Umialik may have the cheapest car insurance rates in Anchorage at $1,133 a year. This is $410 less than the average policy premium paid by Alaska drivers of $1,543. USAA, State Farm, Progressive, and GEICO are the remaining top five cheapest Anchorage, AK auto insurance companies.
In the next rate comparison, we’ll give the driver in the first example a claim or two, a lower credit score, and a traffic citation. Since each company uses their own formula to determining premium rates, comparing prices could result in a completely different list of cheap Anchorage auto insurance companies as shown below.
State Farm now has the lowest price in Anchorage with USAA, Umialik, Progressive, and Safeco now being in the top five. This shows why drivers need to take the time to shop around when trying to get the best car insurance rates for felons. Car insurance prices are influenced by many risk factors and change frequently, so the cheapest option three years ago may now be one of the more expensive options.