Wouldn’t it be nice if we could just give you the name of the best company in Anchorage that has the best insurance prices for a learners permit? Unfortunately, it’s just not that easy, as there are a whole bunch of unknown factors like if you need full coverage or liability-only, your marital status, and what level of deductibles you need, that all have an effect on the price. This article delves into the best ways to compare rates and will hopefully give you a good beginning to your search for cheaper coverage.
The vehicle model to be insured is one of the primary factors when quoting the lowest-priced coverage for a learners permit. Vehicles with economical engines, advanced safety features, or a low likelihood of having liability claims will cost substantially less to insure than higher performance models. The table below estimates coverage rates for a handful of the most affordable automobiles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $4,916 |
| Ford Escape Limited 4WD | $5,275 |
| Toyota Prius | $5,322 |
| Ford F-150 STX Regular Cab 2WD | $5,477 |
| Honda Odyssey LX | $5,485 |
| Chevrolet Impala LS | $5,788 |
| Ford Edge Limited 2WD | $5,793 |
| Chevrolet Malibu LS | $5,836 |
| Toyota RAV4 Limited 4WD | $5,841 |
| Nissan Altima 2.5 4-Dr Sedan | $5,836 |
| Dodge Grand Caravan Hero | $5,841 |
| Toyota Tacoma Double Cab 4WD | $5,836 |
| Jeep Grand Cherokee Laredo 4WD | $5,846 |
| Volkswagen Jetta S 4-Dr Sedan | $5,836 |
| Chevrolet Equinox LS 2WD | $5,846 |
| Ford Explorer Limited 4WD | $5,883 |
| Hyundai Elantra SE 4-Dr Sedan | $6,145 |
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Data variables include single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in garaging location in Anchorage, AK which can impact rates greatly.
Based upon the table data, we can conclude that vehicles like the Honda CR-V, Ford Escape, and Toyota Prius are most likely to be a few of the most economical vehicles to insure for new drivers. The cost of a car insurance policy will be higher anyway because of the fact that there is more inherent risk for a learners permit, but overall those vehicles will probably have the best rates compared to all other vehicles.
Establishing which company has the best insurance rates for a learners permit requires a little more sweat in order to find the lowest price. Every auto insurer used slightly different criteria to determine rates, so we’ll go over the overall cheapest insurance companies in Anchorage.
Find Cheaper Auto Insurance in Alaska
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Umialik | $865 |
| 2 | USAA | $967 |
| 3 | State Farm | $995 |
| 4 | Progressive | $1,210 |
| 5 | GEICO | $1,905 |
| 6 | Allstate | $2,303 |
| 7 | Safeco | $2,451 |
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Umialik may have some of the most affordable car insurance rates in Anchorage at around $865 annually. USAA, State Farm, Progressive, and GEICO also are some of the cheaper Anchorage, AK car insurance companies.
As the rates illustrate above, if you are a policyholder with Progressive and switched to USAA, you could see yearly savings of in the vicinity of $243. Customers with GEICO might save as much as $938 a year, and Allstate insureds might see rate reductions of $1,336 a year.
Remember that these policy rates are averaged across all types of drivers and the different vehicles they drive and and are not calculated with a vehicle location for a learners permit. So the insurer that can offer the best rates for your situation may not even be in the list above. That illustrates why you need to get auto insurance quotes using your own personal information and vehicle type.
The example below illustrates how choosing a deductible can raise or lower insurance premiums when quoting cheap insurance for a learners permit. The rate quotes are based on a married male driver, comp and collision included, and no additional discounts are factored in.
As shown above, a 50-year-old driver could save $188 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $286 by selecting a $1,000 deductible. Even younger drivers, like the Age 20 category, could reduce their rates up to $630 or more just by choosing higher deductibles.
When increasing deductibles, it will be required to have plenty of savings on hand to offset the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Insurance rate increases from tickets or accidents
The easiest method to earn cheap insurance premiums in Alaska for new drivers is to be a good driver and avoid traffic citations and accidents. The chart below highlights how speeding tickets and at-fault claims can increase insurance costs for each age group. The data is based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.
The data charted above shows the average cost of auto insurance in Anchorage per year with a clean driving record and no accidents is $1,100. Receive two speeding tickets and the average cost jumps to $1,510, an increase of $411 each year. Now get two accidents along with the two speeding tickets and the yearly cost of insurance for a learners permit jumps again to an average of $3,115. That’s an increase of $2,015, or $168 per month, just for not maintaining a clean driving record!
If you aren’t clear which coverage you need and would like to get some professional advice when shopping around for cheaper insurance for a learners permit, the agents shown below can probably answer your questions and help you decide which auto insurance coverages would be the best in your situation.
To locate an agency in your neighborhood, click the button following the list or click here to compare price quotes now.
The Wilson Agency
3000 A St #400 – Anchorage, AK 99503 – (907) 277-1616
Dewar Insurance Agency
205 E Benson Blvd – Anchorage, AK 99503 – (907) 258-8888
Marsh Mc Lennan Agency
1031 W 4th Ave #400 – Anchorage, AK 99501 – (907) 276-5617
Amanda Juliussen – State Farm Insurance Agent
5600 Debarr Road Ste 140 – Anchorage, AK 99504 – (907) 333-4131
View more Anchorage, AK insurance agencies
How to find economical auto insurance for a learners permit
Below you’ll find many penny-pinching ideas that can help you buy more affordable car insurance.
- Improve your credit rating
- Frequent claims will increase rates
- Drop full coverage on older vehicles
- Buy your auto and home insurance from the same company and save
- Increase your comprehensive and collision deductibles
- Buy vehicles with good safety ratings
- Ensure you have the best deal by shopping around regularly
That last tip is remarkably crucial, as we emphasized in this write-up. Auto insurance rates fluctuate constantly, so don’t be afraid to change to a new company if a better deal can be had.
Staying with the same car insurance company is fine, but it’s not recommended if that loyalty results in overpaying big bucks every year. Spend a few minutes and compare rates to find cheaper car insurance for a learners permit in Anchorage.