Alaska Auto Insurance

Posted by Harry Wagner
Alaska Minimum Auto Insurance Requirements
  • Individual Bodily Injury Liability: $50,000
  • Total Bodily Injury Liability: $100,000
  • Property Damage Liability: $25,000

Are you searching for cheap car insurance in AK? If you are moving to the state of Alaska or you believe you are paying too much for your Alaska car insurance, enter your zip code at the top of this page and you can start comparing rates immediately. By using the advanced online rate comparison tool to your advantage, you can find the most competitive rates for auto insurance in a matter of minutes. Before you enter your zip code and you start retrieving quotes, it is important to learn about state insurance requirements and techniques to keeping your premiums low. Read on and learn everything you need to know to buy the best auto insurance in AK.

What Limits and Coverage Options Are Required in the State of Alaska?

State officials in Alaska set mandatory auto insurance requirements, and all drivers in the state must meet the minimum requirements to avoid being penalized. Failure to carry the mandatory insurance limits can result in the suspension of your driver license, registration suspension, fines, and up to 6 months in jail. While the state insurance requirements do change from time to time, the current minimums are as follows:

  • Bodily Injury Liability: $50,000 per person up to $100,000 per accident
  • Property Damage Liability: $25,000 per accident

Liability is the only form of coverage that is required in the state of Alaska. Other forms of coverage that are optional include: Medical Payments, Uninsured Motorist, Uninsured Motorist Property Damage, Comprehensive, Collision, Towing and Gap Insurance. Satisfying the state requirements is important, but when you build a policy be sure to protect your interests and choose optional forms of cover that will help you during difficult times. By requesting several Alaska auto insurance quotes, you can see just what limits and coverage options that you can afford.

Understanding the Risk of Driving Without Insurance

Driving without insurance is more serious than you might initially think. While liability insurance is a state requirement, statistics calculated by the Insurance Research Council have found that as many as 15% of drivers on the public roadways in the state do not have any type of auto insurance in AL. This puts you at risk because, if you are hit by a driver without liability insurance, you will not receive the normal liability payouts that you would if you were hit by a driver with insurance. By building a cheap car insurance in AL with uninsured motorist coverage, you have peace of mind that you can pick up the pieces if you are involved in an accident with someone who does not have insurance. As you can see, the risk is real.

Building an Affordable Auto Insurance Policy

You do not have to select the bare minimum coverage limits and reject optional cover just to keep your premiums low. Here are some valuable tips to keep in mind as you shop for coverage:

  • Request Alaska auto insurance quotes from several companies to compare the base rates and discounts available.
  • Enter the first year were licensed, even if you were licensed in a previous state. You receive credit for years of driving experience, and you do not want to miss out on credit that you deserve.
  • Insure all of your vehicles with the same company to receive a multi-car discount.
  • Buy property insurance from the same insurer for a multi-line discount.

The online rate comparison tool at the top of this page will give you access to rates from all of the leading insurers in Alaska. Gather all of the information you need, enter this data into the appropriate fields, and price the cost of insurance in a matter of minutes. The key to saving hundreds of dollars a year may be at your fingertips.