Are you at wits end from sacrificing to make your car insurance payment? Your situation is no different than many other Alaska drivers.
A recent car insurance study discovered that a large majority of car insurance policyholders kept buying from the same company for over three years, and just under half have never quoted rates to find affordable coverage. Alaska consumers could save themselves $400 a year just by getting comparison quotes, but they don’t know the actual amount they would save if they moved their coverage to a different company. You have multiple auto insurance companies to insure vehicles with, and although it’s a good thing to have a selection, lots of choices makes it harder to locate the cheapest rates for Oldsmobile Silhouette insurance in Anchorage.
Lowering your Oldsmobile Silhouette insurance rates isn’t really that difficult. You just need to spend a little time comparing price quotes from online providers.
Getting free rate quotes online is quite simple, and it takes the place of having to drive around to local Anchorage insurance agencies. Comparing Oldsmobile Silhouette insurance rates online has made agencies unnecessary unless you have a need for the extra assistance of a licensed agent. Some companies do allow you to comparison shop your insurance online but have a local agent actually write the policy.
The following companies offer quotes in Anchorage, AK. If your goal is to find the best cheap auto insurance in Anchorage, it’s a good idea that you visit two to three different companies to find the lowest auto insurance rates.
Three good reasons to insure your vehicle
Even though Anchorage Silhouette insurance rates can get expensive, maintaining insurance serves a purpose in several ways.
First, the majority of states have minimum liability requirements which means it is punishable by state law to not carry specific limits of liability insurance coverage if you want to drive legally. 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.
Second, if you took out a loan on your vehicle, it’s guaranteed your bank will make it mandatory that you buy full coverage to guarantee payment of the loan. If you do not keep the policy in force, the bank or lender will purchase a policy for your Oldsmobile at a more expensive rate and force you to pay a much higher amount than you were paying before.
Third, insurance safeguards both your assets and your car. It will also reimburse you for most medical and hospital costs for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, will also pay attorney fees in the event you are sued. If you have damage to your Oldsmobile as the result of the weather or an accident, your policy will pay to restore your vehicle to like-new condition.
The benefits of carrying adequate insurance are without a doubt worth the cost, especially if you ever need it. In a recent study of 1,000 drivers, the average customer is overpaying more than $750 every year so it’s recommended you shop around each time the policy renews to save money.
Lower-cost Oldsmobile Silhouette insurance in Anchorage
Some insurance providers don’t always advertise every available discount very clearly, so here is a list a few of the more common as well as some of the hidden ways to save on auto insurance.
- Defensive Driver Discounts – Taking time to complete a course in defensive driver is a good idea and can lower rates and make you a better driver.
- No Accidents – Drivers with accident-free driving histories pay much less in comparison to policyholders that have many claims.
- Discounts for Federal Employees – Being employed by or retired from a federal job could cut as much as 10% off depending on your company.
- Membership in Organizations – Being a member of a civic or occupational organization in Anchorage may earn a discount on your policy.
- Telematics Data Discounts – Insureds who allow their insurance company to track vehicle usage by using a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system might see lower rates if their driving habits are good.
- Active Service Discounts – Being on active duty in the military could trigger a small discount.
- More Vehicles More Savings – Having multiple vehicles with one company may reduce the rate for each vehicle.
- First Accident Forgiveness – This one is not really a discount per se, but some companies like GEICO and Liberty Mutual will let one accident slide before your rates go up if you have no claims for a specific time period.
- Theft Deterrent – Cars and trucks equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
A little disclaimer on discounts, many deductions do not apply to the entire cost. Some only reduce specific coverage prices like medical payments or collision. Despite the fact that it seems like all the discounts add up to a free policy, it doesn’t quite work that way.
A few popular companies and a selection of discounts include:
- State Farm has savings for multiple autos, Drive Safe & Save, student away at school, anti-theft, and good student.
- GEICO may include discounts for driver training, daytime running lights, federal employee, emergency military deployment, seat belt use, membership and employees, and anti-theft.
- SAFECO discounts include teen safe driver, bundle discounts, multi-car, teen safety rewards, anti-theft, and safe driver.
- Farmers Insurance offers premium reductions for alternative fuel, youthful driver, pay in full, electronic funds transfer, and multi-car.
- AAA includes discounts for pay-in-full, multi-policy, anti-theft, good driver, good student, and AAA membership discount.
- USAA has discounts for military installation, defensive driver, multi-vehicle, good student, new vehicle, and driver training.
When comparing rates, check with every insurance company what discounts are available to you. Savings may not be offered in your state.
Insurance can be complex
Always remember that when buying the right insurance coverage, there really is no one size fits all plan. Everyone’s needs are different.
For example, these questions can help discover if your situation may require specific advice.
- Is my nanny covered when driving my vehicle?
- Am I covered if I hit a deer?
- Are rental cars covered under my policy?
- Should I rate my Oldsmobile Silhouette as pleasure use or commute?
- Is my cargo covered for damage or theft?
- How much liability insurance is required?
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, fill out this quick form. It is quick, free and you can get the answers you need.
Car insurance companies ranked
Finding a good quality auto insurance provider can be difficult considering how many different companies insure vehicles in Anchorage. The information in the next section could help you select which auto insurers you want to consider purchasing from.
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
Top 10 Anchorage Car Insurance Companies Overall
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Progressive
- Allstate
- Liberty Mutual