Finding dependable, reasonably-priced auto insurance is not easy, and figuring out which companies quote the most affordable car insurance rates for drivers with a DUI requires even more shopping around.
Every car insurance company has a different formula for determining rates in each state, so we need to take a look at the most competitive car insurance companies in Anchorage. It’s important that you understand Anchorage car insurance rates are impacted by many factors that can increase the policy price. This is why it is critical to take the time to shop around to find the cheapest auto insurance rates for drivers with a DUI. Auto insurance prices are calculated by many factors and can decrease or increase without notice, so the most economical option three years ago may now be quite expensive.
Best Auto Insurance Prices after a DUI
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Umialik | $901 |
| 2 | USAA | $957 |
| 3 | State Farm | $995 |
| 4 | Progressive | $1,247 |
| 5 | GEICO | $1,905 |
| 6 | Allstate | $2,374 |
| 7 | Safeco | $2,526 |
| Find Cheaper Rates Go | ||
Umialik normally has some of the most affordable car insurance rates in Anchorage at around $901 each year. USAA, State Farm, Progressive, and GEICO would also make the list of some of the most economical Anchorage, AK car insurance companies.
As depicted above, if you have coverage with USAA and switched to Umialik, you could see an annual premium reduction of approximately $56. Insureds with State Farm could save as much as $94 a year, and Progressive policyholders might reduce prices by as much as $346 a year.
To get a quick, customized rate comparison, click here to get a free quote or visit several of the following companies.
Bear in mind that those policy prices are averaged across all drivers and vehicles and and are not calculated with an exact zip code location for drivers with a DUI. So the insurer that is best suited for you may not even be in the list above. That’s why you need to compare prices as often as possible using your own specific driver information and vehicle.
After getting a DUI, one of the big things that determine the amount you pay each year for auto insurance is where you call home. Areas with a lot of weather claims or more people tend to have more expensive auto insurance rates, whereas areas with lower crime rates and fewer weather claims tend to receive cheaper rates.
The following table ranks the priciest cities in Alaska for drivers with a DUI to buy auto insurance in. Anchorage makes the list at #4 with the yearly price of $1,269 for car insurance, which is about $106 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Palmer | $1,291 |
| 2 | Meadow Lakes | $1,291 |
| 3 | College | $1,270 |
| 4 | Anchorage | $1,269 |
| 5 | Wasilla | $1,266 |
| 6 | Fairbanks | $1,246 |
| 7 | Homer | $1,238 |
| 8 | Kenai | $1,202 |
| 9 | Kodiak | $1,191 |
| 10 | Sterling | $1,190 |
| 11 | Nikiski | $1,190 |
| 12 | Ketchikan | $1,035 |
| 13 | Juneau | $1,009 |
| 14 | Sitka | $987 |
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Premium amounts are approximated as the specific zip code location can modify price quotes noticeably.
Full coverage versus liability only rates
Saving money when shopping for car insurance is important to the majority of drivers, and an effective way to buy cheaper insurance for drivers with a DUI is to buy only liability coverage. The chart below shows the difference between auto insurance costs with full coverage and liability only. The rates are based on no accidents, no driving violations, $1,000 deductibles, marital status is single, and no discounts are applied.
If all age groups are averaged, full coverage costs an additional $1,148 per year over and above liability only. That touches on the question if paying for full coverage is a waste of money. There is no set rule to delete full coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.
Get discount Anchorage auto insurance rates
Insurance companies that offer coverage for drivers with a DUI may additionally offer special discounts that could lower prices by as much as 35% or more if you meet the requirements. A list of car insurance companies and some of the premium reductions they offer can be found below.
- Farm Bureau offers discounts for multi-vehicle, driver training, youthful driver, renewal discount, safe driver, and 55 and retired.
- State Farm offers premium reductions for anti-theft, multiple autos, multiple policy, good driver, and Drive Safe & Save.
- Progressive policyholders can earn discounts including good student, multi-vehicle, multi-policy, continuous coverage, online quote discount, and online signing.
- Allstate has savings for anti-lock brakes, utility vehicle, economy car, FullPay discount, auto/life discount, and 55 and retired.
- Nationwide has discounts for multi-policy, accident-free, family plan, defensive driving, and easy pay.
- MetLife offers discounts including defensive driver, good driver, accident-free, good student, and claim-free.
The illustration below compares car insurance rates with and without some available policy discounts. Data assumes a male driver, no accidents and two traffic tickets, Alaska state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with continuous coverage, multiple vehicle, anti-theft, paid-in-full, homeowner, and vehicle safety discounts applied. When discounts are applied, the average savings per year on car insurance for drivers with a DUI is 28% or $580.
Chances are good that you’re overpaying for Anchorage car insurance
Alaska car insurance rates are impacted by many things that control the price of your policy. Improving your credit rating, having a teen driver, or getting a ticket for running a stop sign may cause policy rate changes resulting in some companies being affordable when they were higher priced. Additionally, auto insurance companies file new Alaska auto insurance rates every year in order to protect their financial rating. Higher than normal claims may result in rate increases, while better underwriting may cause lower-cost Anchorage car insurance rates.
For instance, the graph below shows which company has the cheapest car insurance in Anchorage, AK for a 35-year-old female driver with no violations or accidents, and great credit. If we estimate rates based on her current risk factors, Umialik has the best car insurance rates in Anchorage at $1,156 a year. This is $387 less than the average policy premium paid by Alaska drivers of $1,543. USAA, State Farm, Progressive, and GEICO round out the rest of the cheapest Anchorage, AK auto insurance companies.
In this next rate comparison, we will give the driver in the first example a chargeable accident, slightly worse credit, and a few blemishes on her driving record. Because each company has a proprietary method for determining rates in each state, comparing quotes may now show a significantly different list of companies as shown below.
USAA now has the lowest car insurance rate in Anchorage, AK with State Farm, Umialik, Progressive, and Safeco also having competitive pricing. This shows why it is so important to spend some time comparing rates when trying to find the most economical insurance quotes for drivers with a DUI.
Prices can be altered by many different factors and can decrease or increase without notice, so the lowest-price company the last time you checked may now be quite expensive.