How Much Does Car Insurance Cost in Anchorage?


It is common knowledge that Anchorage has costly premiums, as its mean premium is 11% greater than the state average. Therefore it is especially crucial to cut costs while insuring a vehicle in Anchorage. We've analyzed how auto insurance rates in Anchorage compare to costs nationwide.


CAR INSURANCE PRICES: ANCHORAGE VS. NATIONAL/STATE AVERAGES
City AverageState AverageNational Average
$1,283$1,152$1,427


Anchorage Car Insurance by Credit Rating


Improving your credit can save you a sizable bundle of money. Those in the bottom credit tier (300-579) pay an average of almost twice as much for car insurance than those in the top credit tier (800-850). Drivers will see the largest percent decrease in premiums when they boost their credit from Good (670-739) to Very Good (740-799). That change can save them 16% per year.


ANCHORAGE AUTO INSURANCE RATES BY CREDIT LEVEL
CreditAverage Car Insurance Rate
Very Poor$2,216
Fair$1,877
Good$1,585
Very Good$1,327
Exceptional$1,156


Anchorage Auto Insurance by Driver Age

Looking across all age groups, drivers in their 50s have the lowest insurance rates. Their rates typically average $1,093/year. Car insurance premiums are highest for teenage drivers, with average rates of $5,024 per year. Drivers in Anchorage see the most significant drop in premiums when they reach their 20s, as they save an average of $3,182 from moving out of the teenage age bracket. Turning 60 triggers an increase in rates, but up until that age drivers can anticipate premium reductions when they progress from one age group to the next.


ANCHORAGE AUTO INSURANCE PRICES BY AGE
AgeAverage Rate
Teenagers$5,024
20s$1,843
30s$1,262
40s$1,210
50s$1,093
60s$1,162
70s$1,452


Anchorage Auto Insurance by Gender and Marital Status


Pricing for car insurance premiums in Anchorage is dictated by several factors, including marital status and gender. In your city, marital status actually has a substantial impact on premiums. Being single can cost you 10% more per year compared to being married. Rates for those who are divorced are a hair more expensive than rates for those who are single, while rates for widowed individuals are cheaper. Premiums for men are typically more expensive than for women, but not by much.


ANCHORAGE CAR INSURANCE RATES BY GENDER AND MARITAL STATUS
Marital Status/GenderAverage Rate
Female$1,279
Male$1,283
Single$1,283
Married$1,163
Divorced$1,286
Widowed$1,261


Anchorage Auto Insurance After an Accident or Moving Violation


Do you know how much an accident or violation on your driving record can cost you in terms of car insurance premiums? Drivers with a DUI in Anchorage have rates that exceed the city average of $1,283 by $624. Reckless driving will push your premiums up as well, with average rates of $1,941, which are 51% higher than the city average! If you are found at-fault in an accident in Anchorage, you can expect your annual car insurance payments to grow by 55%.


AVERAGE ANCHORAGE INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
Incident/ViolationAverage Rate
DUI$1,907
Reckless Driving$1,941
At-fault Accident (damages less than $1,000)$1,995
At-fault Accident (damages greater than $2,000)$1,995
Speeding Ticket (16-20 mph over speed limit)$1,550


What drives up car insurance rates in Anchorage?

Where you live in Anchorage affects your car insurance rates. Besides your driving history and credit score, where you live is one of the biggest contributing factors to the car insurance rates you'll pay. The reason? Crime, theft and uninsured motorists vary by zip code. So if you find yourself in a neighborhood that doesn’t play well with others, car insurance companies may consider you a high risk to insure, meaning: your rates could be higher than those of a pal who lives just around the block. And, unfortunately Anchorage is no exception to the rule. From zip code 99506 to 99504, premiums rise by 5 percent—that’s $58.

Expensive Anchorage Zip Codes: 99529, 99508, 99518, 99517, 99504

Cheap Anchorage Zip Codes: 99506, 99505, 99577, 99540, 99587

Anchorage Driving Conditions

Inclement weather goes hand in hand with wet brakes, slick roads & decreased visibility.

And that's not the worst of it. Each year there are more than 700,000 weather-related car accidents. In Anchorage, you can expect 122 rainy days with an annual rainfall of 17 inches. Anchorage is also known to experience severe winter storms. You can check on the condition of the roads anytime here.

122

Rainy Days a Year

17"

Avg. Annual Rainfall

76"

Avg. Annual Snowfall

Be Prepared For

Driving in Anchorage

Major Highways
AK 1 Glenn Highway Minnesota Drive Expressway

Car Insurance Companies in Anchorage

Find Local Anchorage Agents

S & H, Inc. dba Associated Insurance Services

7125 Old Seward Hwy, Ste 203 Anchorage, AK 99518

Alaska USA Insurance Brokers, LLC

500 W 36th Ave Anchorage, AK 99503

Integrity Insurance Agency, Inc.

1505 W 34th Ave Anchorage, AK 99503

Dewar Insurance Agency

205 E. Benson Blvd Suite 122 Anchorage, AK 99503

Alaska Commercial Insurance Brokers

500 E. Tudor Rd. Suite 203 Anchorage, AK 99503

ABI Professionals

255 E. Fireweed Lane Suite 107 Anchorage, AK 99503

Alaska Commercial Insurance Brokers

500 E. Tudor Rd. Suite 203 Anchorage, AK 99503

J. C. Morris Agency, Inc.

4011 Arctic Blvd Ste 105 Anchorage, AK 99503

Conrad-Houston Insurance

507 W Northern Lights Blvd Anchorage, AK 99503

Randall Moss Insurance,LLC

2960 C St, Ste 200 Anchorage, AK 99503

NISSI Insurance

601 W. 36th Ave., Suite 14 Anchorage, AK 99503

Springen Insurance

931 Anchorage, AK 99515

See All

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$1,220

The average Anchoragite's annual cost of coverage

40%

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195

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Anchorage Car Insurance

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