Are Car Insurance Rates Going Up in Alaska?

As most drivers can attest, car insurance costs tend to rise each year. But rate hikes aren't always the prevailing trend, and rate changes can be isolated to specific regions.

Location is one of the rating factors insurance companies use to set rates. The state, city, and ZIP code in which a car is parked and operated help to determine auto insurance prices, which comes down state statutes and the varying risks associated with insuring cars in different areas.

Because car insurance pricing is multi-faceted, annual changes in rates diverge by state. Car insurance rates might be rising year-over-year in a given state but dropping in the next state over.

See below trending auto insurance rates in Alaska. If your policy isn't following your state's trend, consider looking for a new insurance option. The Zebra's car insurance comparison tool allows you to get auto insurance rates based on your individual profile — enter your ZIP below to get started.

Car insurance price trends in Alaska

In Alaska, average annual auto insurance premiums increased by $43 over the past year. A typical Alaska driver now pays an average rate of $1,198 per year.

The general trend in Alaska leans toward pricier auto insurance costs. Between 2015 and 2018, rates increased by an average of $24 annually. At the same time, auto insurance costs across the nation have risen in recent years, rising from $1,280 in 2015 to $1,470 in 2018.

Year Avg. Annual Premium — Alaska Yearly Change — Alaska Avg. Annual Premium — US Yearly Change — US
2018 $1,198 $43 $1,470 $32
2017 $1,155 $57 $1,437 $69
2016 $1,098 -$76 $1,368 $88
2015 $1,174 -$164 $1,280 $51
2014 $1,338 -$30 $1,229 $34
2013 $1,368 $10 $1,195 -$80
2012 $1,358 $67 $1,276 $82

If your rates are rising faster than the average in your state, shop around for a better deal.

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How are auto insurance rates trending in the most populous Alaska cities?

Car insurance policies are priced at a granular geographic level with many location-specific variables influencing premiums. That means drivers can see major differences in their car insurance rates, based solely on their ZIP code or city. For example, Anchorage drivers endured a larger yearly rate increase (-0.4%) than did drivers in Fairbanks (-0.8%) between 2018 and 2017.

The below table shows annual auto insurance rate changes in Alaska's largest municipalities If your city is expensive — and moving isn't on the table — consider shopping around for a more affordable rate.

City Avg. Premium Increase — 2018 vs. 2017
Anchorage -0.4%
Fairbanks -0.8%
College -1.2%
Sitka -1.2%
Juneau -1.5%

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Kristine Lee photo
Kristine LeeManager, Content and Data

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer.

She is an authority on all things insurance and covers the ins and outs of auto, home, life and renters insurance. Her specialty is in providing data-backed insights and information to help insurance shoppers make informed decisions.

Kristine's insurance expertise and research have been cited by publications such as CNBC, Car and Driver, Business Insider, Yahoo!, The Balance, Nationwide and Elephant.