Save Money on Chrysler PT Cruiser Insurance in Anchorage

Unbelievable but true, nearly 70% of consumers have been with the same company for four years or more, and just short of a majority have never compared rate quotes at all. The average driver in the U.S. can save approximately $850 each year just by comparing rates, but they just don’t want to compare rates and save money.

The best way to get discount auto insurance rates in Anchorage is to start comparing prices yearly from insurance carriers who sell auto insurance in Alaska.

1. Learn about what is in your policy and the changes you can make to lower rates. Many risk factors that drive up the price such as at-fault accidents and an unacceptable credit score can be improved by making small lifestyle or driving habit changes. Keep reading for more details to help prevent costly coverage and find hidden discounts.
2. Obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like GEICO or State Farm, while independent agencies can give you price quotes for a wide range of insurance providers. View prices
3. Compare the new rates to your existing policy and see if you can save money. If you can save some money and buy the policy, ensure there is no coverage lapse between policies.
4. Provide written notification to your current company of your decision to cancel your current coverage. Submit any necessary down payment along with the completed application to your new agent or company. As soon as you have the new policy, keep the new proof of insurance paperwork in your glove compartment.

One piece of advice is to try to use identical deductibles and limits on every quote request and and to get prices from every insurance company. Doing this enables an apples-to-apples comparison and the most accurate and complete price analysis.

Finding low cost auto insurance quotes is a great way to save money. The only requirement is to take the time comparing free Anchorage car insurance quotes to see which company has affordable Chrysler PT Cruiser insurance quotes.

The following companies can provide quotes in Anchorage, AK. To buy the best auto insurance in Alaska, we suggest you visit several of them in order to get a fair rate comparison.

Car insurance is not optional in Alaska

Despite the high insurance cost for a Chrysler PT Cruiser in Anchorage, car insurance may be mandatory for several reasons.

• Most states have mandatory liability insurance requirements which means the state requires specific minimum amounts of liability protection in order to be legal. 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.
• If you have a loan on your vehicle, almost every bank will force you to have physical damage coverage to guarantee payment of the loan. If coverage lapses or is canceled, the lender will be forced to insure your Chrysler at a significantly higher premium and force you to pay for it.
• Insurance protects both your assets and your Chrysler. It will also cover all forms of medical expenses incurred in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, your car insurance policy will cover the repair costs.

The benefits of carrying adequate insurance are without a doubt worth the cost, especially when you need to use it. An average driver in America is overpaying more than $865 each year so compare rates at every renewal to help ensure money is not being wasted.

Chrysler PT Cruiser coverage analysis

The table shown next covers estimates of coverage costs for Chrysler PT Cruiser models. Having a good understanding how auto insurance prices are formulated can be valuable when making decisions on which insurance to purchase.

Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Information does not factor in zip code location which can raise or lower insurance rates considerably.

An analysis of deductible level

One of the hardest decisions when shopping for insurance is how high or low should comp and collision deductibles be. The data tables below outline the price difference between low and high policy deductibles. The first rate table uses a $100 comprehensive and collision deductible and the second rate table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Estimates do not factor in Anchorage location which can revise premium rates greatly.

Based on this data, using a $100 deductible costs an average of $23 more each month or $276 each year averaged for all PT Cruiser models than quoting the higher $1,000 deductible. Because you would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at a minimum 39 months between claim filings, you would probably come out ahead if you choose a higher deductible.

The chart below illustrates how choosing a deductible and can impact Chrysler PT Cruiser annual premium costs for different age groups. The price estimates are based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.

Males versus Females

The illustration below visualizes the comparison of Chrysler PT Cruiser insurance premiums for male and female drivers. The prices are based on no accidents or driving violations, comprehensive and collision coverage, $500 deductibles, drivers are single, and no additional discounts are factored in.

Do you need full coverage?

The example below shows the comparison of Chrysler PT Cruiser insurance premiums when comparing full coverage to liability only. The prices are based on no accidents or driving violations, $100 deductibles, single marital status, and no additional discounts are factored in.

When to switch to liability coverage only

There is no definitive formula for phasing out full coverage, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s pretend your Chrysler PT Cruiser settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $5,000 after paying your policy deductible. If it’s costing in excess of $500 a year for physical damage coverage, then you might want to consider buying only liability coverage.

There are some conditions where removing full coverage is not advised. If you still owe money on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Slash your car insurance rates with discounts

Buying car insurance is not cheap, but you might find some hidden discounts that can drop the cost substantially. Some of these discounts will be visible at the time of quoting, but occasionally some discounts must be inquired about before you get the savings. If you don’t get every credit possible, it’s possible you qualify for a lower rate.

• ABS Braking Discount – Cars and trucks equipped with ABS or steering control are safer to drive and the ABS can save up to 10%.
• Senior Discount – Older drivers may qualify for a small discount on rates.
• Onboard Data Collection – Drivers who elect to allow driving data submission to study driving habits remotely like Allstate’s Drivewise might get better premium rates as long as the data is positive.
• Good Grades Discount – Getting good grades can save 20 to 25%. The good student discount can last well after school through age 25.
• Switch and Save Discount – Some larger companies give discounts for switching to them early. It’s a savings of about 10%.
• Active Service Discounts – Having a deployed family member could mean lower premium rates.

As a disclaimer on discounts, most credits do not apply to the entire policy premium. Some only reduce individual premiums such as medical payments or collision. Despite the appearance that all those discounts means the company will pay you, insurance companies wouldn’t stay in business.

The diagram below visualizes the comparison of Chrysler PT Cruiser auto insurance costs with and without policy discounts. The prices are based on a male driver, a clean driving record, no claims, Alaska state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, safe-driver, multi-car, multi-policy, and homeowner discounts applied.

Some companies that possibly offer most of the discounts above may include but are not limited to:

• State Farm
• Esurance
• Progressive
• Liberty Mutual
• Auto-Owners Insurance
• GEICO

When getting a coverage quote, ask each insurance company which discounts you qualify for. Some credits might not be offered on policies in your state. If you would like to view companies that provide some of the discounts listed above in Alaska, click here.

Alaska auto insurance companies

Picking a highly-rated insurer can be a challenge considering how many choices drivers have in Anchorage. The company ratings in the lists below could help you decide which providers to look at when shopping your coverage around.

Top 10 Anchorage Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 94%
2. AAA Insurance – 91%
3. State Farm – 90%
4. GEICO – 89%
5. The Hartford – 89%
6. The General – 88%
7. 21st Century – 88%
8. Allstate – 88%
9. Liberty Mutual – 88%
10. Esurance – 87%

Top 10 Anchorage Car Insurance Companies Ranked by Customer Service

1. State Farm
2. GEICO
3. The Hartford
4. Progressive
5. The General
6. Allstate
7. American Family
8. AAA Insurance
9. Liberty Mutual
10. Farmers Insurance