Alaska Car Insurance with Bad Credit

The Zebra
March 12, 2019

Finding cheap auto insurance can be tough if you have bad credit. Car insurance companies utilize credit tier as a rating factor, setting policy prices based in part on drivers’ credit histories. Because auto insurance companies rely on historical data showing clients with bad credit histories are more likely to file auto insurance claims, they compensate for the additional risk by assigning expensive rates.

Car insurance rates with bad credit depends on which company you choose, where in Alaska you live, and an array of other rating factors. We've gathered below typical insurance rates for drivers with bad credit in major Alaska cities and rates from a few of the most popular insurance companies, , along with tips to save on auto insurance if you have bad credit in Alaska.


Auto insurance for drivers with bad credit in Alaska:

  1. Average rates
  2. Prices by city
  3. Rates by company

Car insurance rates with bad credit in Alaska

Alaska drivers pay a penalty of $949 each year for having a credit score at the low end of the scale. Drivers in either the “poor” or “below fair to poor” credit tier will also face a penalty.


ALASKA CAR INSURANCE PRICES WITH BAD CREDIT

Credit TierAverage Annual Rate in Alaska
Worst$2,101
Poor$1,896
Below Fair to Poor$1,766
Average — All Credit Tiers$1,152

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Auto insurance rates with a bad credit score in Alaska cities

Your car insurance rates also depend on the specific area in which you drive. Insurers rely on your address to estimate your odds of filing a claim: the denser your area,, the more you'll pay.

Listed below are major Alaska cities and their average car insurance rates for drivers with poor credit ratings.


POOR CREDIT CAR INSURANCE RATES IN ALASKA CITIES

CityAverage Annual Rate — Worst CreditAverage Annual Rate — Poor CreditAverage Annual Rate — Below Fair to Poor Credit
Anchorage$2,370$2,146$1,998
Fairbanks$2,222$1,998$1,858
Juneau$1,805$1,631$1,518
College$2,175$1,959$1,820
Sitka$1,791$1,616$1,506

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Best auto insurance companies for bad credit in Alaska

Another factor that contributes to how much you pay for car insurance is the company you choose. Every auto insurance company prices its policies differently, giving rating factors varying weights in their pricing calculations. Credit can be a significant price differentiator between insurance companies. In Alaska, the most affordable insurance company with bad credit is GEICO, which offers a discount of $396 annually in comparison to the second-most affordable company, USAA.

See below prices from major auto insurance companies in Alaska for drivers with bad credit.


ALASKA CAR INSURANCE PREMIUMS WITH BAD CREDIT — POPULAR COMPANIES

CompanyAverage Annual Rate — Worst Credit
GEICO$1,474
USAA$1,870
State Farm$1,881
Allstate$2,046
Progressive$2,923

If you're buying auto insurance with bad credit, keep these tips in mind:

  1. View auto insurance quotes
  2. Know when — and when not — to file your claims
  3. Know what goes into auto insurance rates

Compare rates from top car insurance companies.