If you want to find the absolute lowest rates, then the best way to get low-cost car insurance rates is to start comparing prices yearly from different companies that sell auto insurance in Anchorage.
- Gain an understanding of how auto insurance works and the things you can change to drop your rates. Many rating factors that result in higher rates such as speeding and an imperfect credit rating can be rectified by making small lifestyle or driving habit changes.
- Obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like Progressive and State Farm, while independent agents can give you price quotes for many different companies.
- Compare the price quotes to your existing coverage and see if there is a cheaper rate in Anchorage. If you find a lower rate quote and decide to switch, make sure there is no lapse in coverage.
- Tell your current company of your intention to cancel your current car insurance policy. Submit a down payment along with a completed application for your new policy. As soon as you receive it, keep the new proof of insurance certificate with the vehicle registration.
The most important part of shopping around is to try to compare the same physical damage deductibles and liability limits on every quote and and to get quotes from as many companies as possible. This ensures an apples-to-apples comparison and and a good selection of different prices.
It’s hard to fathom, but most consumers have purchased from the same company for four years or more, and virtually 40% of consumers have never even compared rates from other companies. The average driver in Alaska could save nearly 35% a year just by getting comparison quotes, but they just don’t understand how easy it is to find lower-cost rates by getting comparison quotes.
Verify you’re earning every discount
Companies that sell car insurance don’t list all their discounts very clearly, so the following list contains both well-publicized and the harder-to-find credits that you can use to lower your rates.
- Good Grades Discount – Excelling in school can get you a discount of up to 25%. Many companies even apply the discount to college students well after school through age 25.
- E-sign Discounts – Some of the larger companies may give you up to $50 for signing up over the internet.
- Defensive Driver – Successfully completing a course teaching defensive driving skills is a good idea and can lower rates depending on where you live.
- Government Employee Discount – Employees or retirees of the government could provide a small rate reduction but check with your company.
- ABS Brakes – Vehicles equipped with ABS or steering control have fewer accidents and will save you 10% or more on Transit Connect insurance in Anchorage.
- Driving Data Discount – Anchorage drivers who agree to allow data collection to analyze when and where they use their vehicle by using a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system could save a few bucks if they have good driving habits.
- Early Renewal Discounts – Some larger companies provide a discount for switching to them before your current expiration date. It’s a savings of about 10%.
As is typical with insurance, some credits don’t apply to the overall cost of the policy. Most only apply to specific coverage prices like comprehensive or collision. Even though it appears you would end up receiving a 100% discount, it’s just not the way it works. But all discounts will help reduce the amount you pay for coverage.
The information below shows the comparison of Ford Transit Connect insurance premiums with and without discounts being applied to the rates. The costs are based on a male driver, no claims or driving citations, Alaska state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, homeowner, marriage, multi-policy, and multi-car discounts applied.
A list of insurance companies and their possible discounts are:
- State Farm discounts include safe vehicle, driver’s education, multiple policy, passive restraint, Drive Safe & Save, and Steer Clear safe driver discount.
- Esurance includes discounts for defensive driver, online shopper, Pac-12 alumni, anti-lock brakes, multi-car, and multi-policy.
- Progressive policyholders can earn discounts including continuous coverage, online signing, homeowner, multi-policy, multi-vehicle, and online quote discount.
- Liberty Mutual may include discounts for new graduate, new vehicle discount, newly retired, newly married, safety features, preferred payment discount, and exclusive group savings.
- Auto-Owners Insurance has discounts for good student, safe vehicle, multiple vehicles, mature driver, paperless, and multi-policy.
- GEICO offers premium reductions for multi-policy, daytime running lights, five-year accident-free, air bags, multi-vehicle, and emergency military deployment.
When comparing rates, check with every insurance company to apply every possible discount. Some credits might not be available to policyholders in Anchorage. If you would like to choose from a list of companies with discount rates in Alaska, follow this link.
The providers in the list below provide free rate quotes in Alaska. To find the best cheap auto insurance in Alaska, it’s highly recommended you visit as many as you can to get the best price comparison.
Insurance coverage details
The price information below covers a range of insurance coverage prices for Ford Transit Connect models. Learning a little about how rates are determined can assist in making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Transit Connect XL 2WD | $98 | $218 | $308 | $18 | $92 | $734 | $61 |
| Transit Connect XLT 2WD | $98 | $218 | $308 | $18 | $92 | $734 | $61 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Prices do not factor in specific zip code location which can revise coverage prices substantially.
Ford Transit Connect insurance premiums by gender
The diagram below compares Ford Transit Connect annual premium costs for male and female drivers. The rates are based on no accidents or driving violations, comp and collision included, $250 deductibles, single status, and no discounts are applied to the premium.
Comparison of full coverage and liability-only policies
The information below shows the difference between Ford Transit Connect insurance rates with and without full coverage. The rates are based on no driving violations, no at-fault accidents, $100 deductibles, single status, and no discounts are applied to the premium.
When to stop buying physical damage coverage
There is no written rule that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then you might consider buying liability only.
For example, let’s pretend your Ford Transit Connect book value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $5,000 after the policy deductible has been paid. If you are currently paying more than $500 annually for comprehensive and collision coverage, then it might be time to consider dropping full coverage.
There are some conditions where dropping full coverage is not recommended. If you haven’t satisfied your loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not buy liability only.
Are insurance agencies used anymore?
Many drivers just prefer to have an agent’s advice and that can be a smart move Licensed agents are trained risk managers and help submit paperwork. An additional benefit of comparing auto insurance online is the fact that drivers can get lower premium rates but still work with a licensed agent.
To help locate an agent, after submitting this simple form, your information gets sent to companies in Anchorage who will return price quotes for your business. There is no reason to find an agent because prices are sent to you. If you want to compare prices for a specific company, you would need to find their quoting web page and complete a quote there.
Finding the right company needs to be determined by more than just a cheap quote. Any good agent in Anchorage should know the answers to these questions.
- How are they compensated?
- Will the agent or a CSR service your policy?
- Does the company allow you to choose your own collision repair facility?
- Can glass repairs be made at your home?
- What insurance companies do they work with in Anchorage?
When looking for a reliable agent, you need to know there are two different agency structures and how they work. Anchorage agents are either independent or exclusive depending on the company they work for. Either one can handle auto insurance, but it’s worth mentioning how they differ since it may influence the type of agent you choose.
Exclusive Auto Insurance Agencies
Agents of this type normally can only provide a single company’s rates and some examples include American Family, State Farm, and Allstate. These agents are unable to provide other company’s prices so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are highly trained on sales techniques which helps overcome the inability to quote other rates. Some consumers prefer to use the same agent mainly due to the prominence of the brand instead of buying on price only.
Shown below are exclusive insurance agencies in Anchorage that are able to give rate quotes.
- Allstate Insurance: Ann T. Steck-Nale
1120 Huffman Rd, Ste A21 – Anchorage, AK 99515 – (907) 333-4411 – View Map - Allstate Insurance: William R. McVitty
550 E Tudor Rd Ste 201 – Anchorage, AK 99503 – (907) 563-9690 – View Map - Bill Evans – State Farm Insurance Agent
805 Gambell St – Anchorage, AK 99501 – (907) 276-2424 – View Map
Independent Insurance Agents
Independent agencies do not work for one specific company and that enables them to quote your coverage with multiple insurance companies and get you the best rates possible. If your premiums go up, your policy is moved internally and you won’t have to switch agencies.
When comparison shopping, we recommend you include price quotes from a couple of independent agencies for the best price selection. Many write coverage with companies that do not advertise much which can save you money.
Shown below is a list of independent agents in Anchorage that can give you price quotes.
- Marsh Mc Lennan Agency
1031 W 4th Ave #400 – Anchorage, AK 99501 – (907) 276-5617 – View Map - Kent S Kallander Insurance Agency Inc
1317 W Northern Lights Blvd #9 – Anchorage, AK 99503 – (907) 563-1492 – View Map - Associated Insurance Services
7125 Old Seward Hwy #203 – Anchorage, AK 99518 – (907) 349-2229 – View Map
Cheap insurance is out there
People leave their current company for a variety of reasons including being labeled a high risk driver, policy cancellation, high prices or poor customer service. It doesn’t matter why you want to switch switching insurance companies is less work than it seems.
We covered some good ideas how to lower your Ford Transit Connect insurance prices in Anchorage. The key thing to remember is the more companies you get rates for, the better your chances of lowering your rates. You may even find the lowest prices come from the smaller companies.
As you prepare to switch companies, it’s very important that you do not reduce needed coverages to save money. There are a lot of situations where someone sacrificed comprehensive coverage or liability limits only to find out that the few dollars in savings costed them thousands. The proper strategy is to buy the best coverage you can find for the lowest price but still have enough coverage for asset protection.
Additional information is available below:
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Who Has Affordable Anchorage Auto Insurance Rates for Teenage Males? (FAQ)
- Auto Crash Statistics (Insurance Information Institute)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)