The words “low-cost” and “insurance” probably shouldn’t be used together, specifically when you are searching for the cheapest auto insurance for good drivers. In an attempt to save some money, let’s take a look at some of the things that have an effect on insurance rates, and come up with some ideas to reduce the price of the next policy you buy.
The vehicle requiring insurance is probably the largest consideration when shopping around for the most economical insurance for good drivers. Vehicles with limited top-end speed, advanced safety features, or a positive history of liability claims will cost much less to insure than adrenaline junky models. The next list ranks car insurance premiums for a number of the most cost-effective vehicles to insure in Alaska.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Dodge Grand Caravan SE | $1,583 |
| Honda CR-V EX 2WD | $1,596 |
| Honda Accord LX 4-Dr Sedan | $1,603 |
| Ford F-150 STX Super Cab 4WD | $1,615 |
| Volkswagen Jetta 2.0T Station Wagon | $1,655 |
| Chevrolet Malibu LS | $1,674 |
| Chevrolet Silverado LT Extended Cab 4WD | $1,679 |
| Toyota Camry LE | $1,674 |
| Toyota RAV4 Limited 2WD | $1,682 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,706 |
| Ford Escape Limited 4WD | $1,725 |
| Jeep Wrangler Sahara 4WD 2-Dr | $1,730 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,735 |
| Toyota Prius | $1,765 |
| Chevrolet Equinox LS 2WD | $1,832 |
| Chevrolet Impala LT | $1,841 |
| Nissan Altima 2.5 4-Dr Sedan | $1,832 |
| Find Cheaper Rates Go | |
Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Information does not factor in the specific area where the vehicle is garaged which can change premium rates considerably.
Based upon these rates, you can presume that cars like the Dodge Grand Caravan, Honda CR-V, Honda Accord, and Ford F-150 are most likely to be a few of the most economical vehicles to insure for safe drivers.
For safe drivers, one of the largest factors that determine auto insurance rates is where your car is garaged. Regions with more people or even just more weather-related claims will most likely pay more, whereas areas with less congestion have the enjoyment of a little cheaper coverage.
The next table sorts the most costly cities in Alaska for good drivers in which to buy car insurance. Anchorage shows up at #4 having an annual price of $1,269 for the average policyholder, which is around $106 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Palmer | $1,304 |
| 2 | Fairbanks | $1,272 |
| 3 | College | $1,270 |
| 4 | Anchorage | $1,269 |
| 5 | Wasilla | $1,266 |
| 6 | Meadow Lakes | $1,265 |
| 7 | Kenai | $1,238 |
| 8 | Nikiski | $1,238 |
| 9 | Sterling | $1,226 |
| 10 | Kodiak | $1,203 |
| 11 | Homer | $1,190 |
| 12 | Ketchikan | $1,035 |
| 13 | Juneau | $999 |
| 14 | Sitka | $957 |
| Start a Quote Go | ||
Table data uses approximated as the specific Anchorage residence address can lower or raise auto insurance rates greatly.
Types of discounts on Anchorage car insurance rates
Car insurance companies that offer coverage for good drivers may provide price discounts that may potentially lower prices by 25% or more if you meet specific eligibility requirements. A few popular companies and their possible discounts are included below.
- Farmers Insurance has savings for homeowner, distant student, switch companies, bundle discounts, pay in full, business and professional, and mature driver.
- Esurance offers premium reductions for anti-theft, anti-lock brakes, claim free, defensive driver, and Pac-12 alumni.
- State Farm offers discounts including Drive Safe & Save, Steer Clear safe driver discount, good student, anti-theft, and multiple policy.
- GEICO may offer discounts for daytime running lights, multi-policy, military active duty, seat belt use, and federal employee.
- Allstate policyholders can earn discounts including anti-theft, economy car, passive restraint, eSmart discount, auto/life discount, and EZ pay plan discount.
The illustration below compares insurance prices with and without some available policy discounts. The prices are based on a female driver, a clean driving record, no claims, Alaska state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with safe-driver, multiple policy, vehicle safety, homeowner, marriage, and multiple vehicle discounts applied. When taking advantage of discounts, the average amount saved each year on auto insurance for good drivers is 28% or $503.
Selecting the top auto insurance provider can be challenging considering how many different insurance companies sell coverage in Anchorage. The company rank data shown below can help you decide which companies you want to consider purchasing from. The rankings below include the largest companies in the United States, so companies that focus mainly on Alaska business will not be included in 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Impact of careless driving on Anchorage auto insurance rates
The easiest method to score the cheapest auto insurance prices in Anchorage for safe drivers is to drive cautiously and avoid at-fault accidents and violations. The information below illustrates how speeding tickets and at-fault claims can impact insurance rates for different age groups. The premiums assume a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
In the previous chart, the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,982. Receive one speeding ticket and the average cost rises to $2,247, an increase of $264 each year. Then include one accident along with the one speeding ticket and the annual cost of auto insurance for good drivers increases to an average of $3,003. That’s an increase of $1,020, or $85 per month, just for not maintaining a clean driving record!