The best way we recommend to get the cheapest auto insurance rates is to start doing an annual price comparison from companies who sell auto insurance in Anchorage. You can compare prices by following these steps.
- Learn about the coverage provided by your policy and the measures you can take to prevent rate increases. Many rating criteria that cause rate increases like high-risk driving behaviors and poor credit can be remedied by making lifestyle changes or driving safer.
- Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from one company like GEICO and State Farm, while agents who are independent can provide prices from multiple companies.
- Compare the quotes to your current policy and determine if there is any savings. If you find better rates and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Give proper notification to your current agent or company of your intent to cancel your existing policy and submit a completed application and payment to the new company. Immediately upon receiving it, put the new certificate of insurance in a readily accessible location in your vehicle.
The most important part of shopping around is to compare the same coverage limits and deductibles on each price quote and and to get price quotes from as many companies as possible. This enables the most accurate price comparison and many rates to choose from.
It’s easy to assume that insurance companies don’t want you to look for a cheaper policy. People who shop around for cheaper prices are inclined to switch insurance companies because there is a good chance of finding a lower rate. A study discovered that consumers who routinely compared rates saved as much as $72 a month compared to drivers who never compared prices.
If finding the cheapest price on auto insurance is your objective, then understanding the best ways to find and compare insurance can make it easier for you to save money.
Finding cheap insurance prices is not rocket science. The only thing you need to do is spend a little time to compare rate quotes provided by online insurance companies.
Comparing rates online is fast and free, and it makes it obsolete to spend your day driving to insurance agencies in your area. The ability to get quotes online makes this process obsolete unless your situation requires the guidance of a local agent. It is possible with some companies find lower rates online and still use a local agent.
The following companies are ready to provide price comparisons in Anchorage, AK. If you want cheap car insurance in AK, we recommend you visit several of them to get a more complete price comparison.
Statistics and details
The table displayed below covers detailed analysis of rate quotes for Toyota Land Cruiser models. Understanding how insurance policy rates are formulated is important for you to make informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Land Cruiser | $274 | $560 | $308 | $18 | $92 | $1,252 | $104 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Price information does not factor in specific location information which can influence insurance rates considerably.
The diagram below highlights how deductible selection and can impact Toyota Land Cruiser yearly insurance costs for each age group. The premium estimates are based on a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Full coverage versus liability only rates
The example below compares Toyota Land Cruiser car insurance costs when comparing full coverage to state minimum liability only. The data is based on no claims or driving violations, $250 deductibles, marital status is single, and no additional discounts are factored in.
Deciding between full coverage and liability only
There is no definitive guideline to drop physical damage insurance, but there is a general school of thought. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s assume your Toyota Land Cruiser settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $5,000 after paying your deductible. If it’s costing in excess of $500 a year to have full coverage, then it may be the right time to buy liability only.
There are a few situations where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage.
Auto insurance agents near you
Many people prefer to sit down with an agent and that is a smart decision Good agents are trained to spot inefficiencies and give you someone to call. One of the best bonuses of getting free rate quotes online is that you can find better rates but still work with a licensed agent.
Once you complete this short form, your information is emailed to agents in your area who want to provide quotes and help you find cheaper coverage. You won’t even need to contact any agents due to the fact that quote results will go to the email address you provide. If you wish to get a rate quote from a specific insurance company, don’t hesitate to search and find their rate quote page and submit a quote form there.
Finding the right provider requires you to look at more than just a cheap price quote. These are some questions your agent should answer.
- If you have an accident, will your rates go up?
- Where would glass claims be handled in Anchorage?
- Is every driver in your family covered?
- Will the quote change when the policy is issued?
- How much experience to they have in personal lines coverages?
- Do they receive special compensation for putting your coverage with one company over another?
How to choose the best auto insurance agent in Anchorage
If you want to use a good insurance agency, you must know there are a couple different agency structures that differ in how they can insure your vehicles. Auto insurance policy providers can be classified as either independent (non-exclusive) or exclusive. Either type can write policy coverage, but it’s important to know why they differ because it can factor into your agent selection.
Exclusive Insurance Agencies
Exclusive insurance agents work for only one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. They are unable to provide prices from multiple companies so they are skilled at selling on more than just price. These agents are trained well in insurance sales which can be an advantage.
The following are exclusive insurance agencies in Anchorage who can help you get comparison quotes.
Steve VanHorne – State Farm Insurance Agent
510 W Tudor Rd Ste 1 – Anchorage, AK 99503 – (907) 561-0000 – View Map
Allstate Insurance: Devery Prince Agency Team
401 E Fireweed Ln Ste 200 – Anchorage, AK 99503 – (907) 279-9000 – View Map
State Farm: Charity Carmody
405 W Benson Blvd – Anchorage, AK 99503 – (907) 336-8800 – View Map
Independent Agencies or Brokers
Agents that choose to be independent can sell policies from many different companies so they have the ability to put coverage with multiple insurance companies and help determine which has the cheapest rates. To transfer your coverage to a different company, your agent can switch companies which is easy for the insured. If you need cheaper auto insurance rates, it’s recommended you include price quotes from several independent insurance agents to have the best price comparison.
Below is a short list of independent agencies in Anchorage who can help you get rate quotes.
Associated Insurance Services
7125 Old Seward Hwy #203 – Anchorage, AK 99518 – (907) 349-2229 – View Map
Horace Mann Insurance Co
7926 Old Seward Hwy – Anchorage, AK 99518 – (907) 561-1393 – View Map
The Wilson Agency
3000 A St #400 – Anchorage, AK 99503 – (907) 277-1616 – View Map
Once you have acceptable answers to any questions you may have and inexpensive Toyota Land Cruiser insurance in Anchorage quotes, it’s possible that you found an insurance agency that is professional and can properly service your auto insurance policy.