How Much Does Car Insurance Cost in Anchorage?


Anchorage is known for its pricey premiums, as its mean premium exceeds Alaska's average by 14%. So being knowledgeable about premiums while insuring a vehicle in Anchorage is especially imperative. Let's take a look at how auto insurance costs in Anchorage contrast with rates nationwide.


INSURANCE RATES: ANCHORAGE VS. STATE/US AVERAGES
City AverageState AverageNational Average
$1,351$1,190$1,569


Anchorage Car Insurance by Gender and Marital Status


There are several factors, including marital status and gender, that affect car insurance premiums in Anchorage. However, females have premiums that are only a bit more pricey than those for males. Did you know that in your city marital status can actually change your premiums substantially? You can save roughly $130 per year if you're married as opposed to single. Rates for those who are widowed or divorced are a hair cheaper than rates for those who are single.


ANCHORAGE AUTO INSURANCE RATES BY MARITAL STATUS AND GENDER
Marital Status/GenderAverage Rate
Female$1,355
Male$1,351
Single$1,351
Married$1,218
Divorced$1,349
Widowed$1,308


Anchorage Auto Insurance Costs by Driver Age

Drivers in their 50s save money on car insurance, as they have the smallest rates among all age groups, paying only $1,152 each year. The greatest decrease in premiums between any age group is from the teenage age range to the 20s, as drivers in Anchorage start saving an average of 63% annually. Rates in Anchorage continue to trend downward up until drivers turn 60. With payments of $5,229 on average, teenage drivers are the ones who pay the most in car insurance premiums.


ANCHORAGE CAR INSURANCE RATES BY DRIVER AGE
AgeAverage Rate
Teenagers$5,229
20s$1,937
30s$1,329
40s$1,274
50s$1,152
60s$1,225
70s$1,506


Anchorage Auto Insurance by Credit Level


People with Very Poor credit (300-579) generally pay more than twice as much each year for car insurance than those with Exceptional credit (800-850). Drivers can save an average of $860 per year when they upgrade their credit tier from Very Poor (300-579) to Fair (580-669).


ANCHORAGE AUTO INSURANCE COSTS BY CREDIT LEVEL
Credit QualityAverage Car Insurance Rate
Very Poor$2,458
Fair$1,598
Good$1,351
Very Good$1,262
Exceptional$1,172


Anchorage Auto Insurance for High-Risk Drivers


Do you realize by how much an at-fault accident or violation can raise your car insurance rates? An at-fault accident with greater than $2000 of damages will increase your car insurance premiums more than other driving violations. Being at-fault in an accident with damages exceeding $2,000 costs you another 5% per year in premiums compared to an accident with damages less than $1,000. Drivers with a DUI in Anchorage need to spend $677 more than the city average to insure their vehicle. Reckless driving will push your premiums up as well, with typical rates of $2,003, which are 48% higher than the city average.


AVERAGE ANCHORAGE INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
Incident or ViolationAverage Rate
DUI/DWI$2,028
Reckless Driving$2,003
At-fault Accident (damages less than $1,000)$2,004
At-fault Accident (damages greater than $2,000)$2,100
Speeding Ticket (16-20 mph over speed limit)$1,637


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

2
Major Highways
AK 1 Glenn Highway Minnesota Drive Expressway

Find Local Anchorage Agents

Integrity Insurance Agency, Inc.

1505 W 34th Ave Anchorage, AK 99503

Conrad-Houston Insurance

507 W Northern Lights Blvd Anchorage, AK 99503

Alaska Commercial Insurance Brokers

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

Alaska USA Insurance Brokers, LLC

500 W 36th Ave Anchorage, AK 99503

Alaska Commercial Insurance Brokers

500 E. Tudor Rd. Suite 203 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

J. C. Morris Agency, Inc.

4011 Arctic Blvd Ste 105 Anchorage, AK 99503

Dewar Insurance Agency

205 E. Benson Blvd Suite 122 Anchorage, AK 99503

ABI Professionals

255 E. Fireweed Lane Suite 107 Anchorage, AK 99503

S & H, Inc. dba Associated Insurance Services

7125 Old Seward Hwy, Ste 203 Anchorage, AK 99518

2

$1,220

The average Anchoragite's annual cost of coverage

2

40%

Our customer's average savings after comparing insurance

Revised

195

That's equal to 195 cups of coffee or $488 in savings

See How Much You Can Save in Anchorage

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