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Getting homeowners insurance shouldn't be complicated. Compare Alaska rates by city and carrier below.Get Free Quotes
Homeowners insurance is an optional — but important — product that works to keep your belongings safe in the event your house or property suffers damage from common incidents. Homeowners insurance protects your dwelling, personal property, and other buildings from a variety of misfortunes, including wind damage, fire, theft, vandalism, and more.
Unlike auto insurance, homeowners insurance isn't controlled by state legislation. That said, major gaps exist in homeowners insurance costs on a state-by-state basis. Insurance policy rates in a given state differ based on the number and value of home policy claims lodged in the state, and also on the value of the belongings and property you're covering.
The best way to acquire a cheap home insurance policy in Alaska is to compare rates from multiple insurance companies. Get an idea of how much home insurance costs in Alaska by referencing the below data. Remember: your rates may differ, depending on your coverage limits.
Rates for home insurance in Alaska can vary depending on the insurance company you use. Safeco offers the best deal on home insurance in Alaska, at only $727 annually. This compares favorably to Alaska's average rate of $1,103, offering a $376 discount on the state's average rate.
Start your search for a homeowners insurance policy by reviewing the most affordable Alaska insurance companies, listed below.
|Carrier||Average Yearly Rate in Alaska|
Not every city in Alaska has equal home insurance costs. Home insurance prices can vary based on city-specific variables, such as the number of claims filed nearby, giving your ZIP code weight in deciding how much you pay.
The cheapest homeowners insurance in Alaska is found in Sitka. An average home insurance policy in Sitka costs $885 annually — $218 less than the statewide average. Reference the below table to see the cheapest cities in Alaska for home insurance.
|City||Average Annual Home Insurance Rate|
If you're trying to save, consider purchasing your home and auto policies from the same insurance company. Bundling auto and homeowners insurance in Alaska can lead to substantial savings on car insurance. In fact, bundling policies in Alaska results in a yearly discount of $94.
|Avg. 12-Month Auto Insurance Rate (No Bundle)||Avg. Annual Auto Insurance Rate (Bundle)||Annual Bundle Savings||Bundle Savings %|
One of the best ways to save on auto insurance is bundling. Compare rates today!
Looking for info on homeowners insurance in a specific city?
GEICO currently sells homeowners insurance policies in Alaska.
Although not required by state law, mortgage lenders may require you to carry home insurance.
Alaska faces an average of 1,503 earthquakes each year, which means Alaska residents should look into obtaining an earthquake insurance policy.* However, this coverage doesn’t come standard in home insurance policies. Earthquake coverage is obtained as a scheduled endorsement to your current policy, covering damages that result from earthquakes.
In addition to the initial earthquake, aftershocks are another serious concern. Aftershocks can be very dangerous and can continue causing damage long after the initial event. Luckily, having this coverage means you pay just one deductible for damage from the initial earthquake in addition to any aftershocks within a period of 72 hours.
Those living in earthquake zones can expect their homeowners insurance rates to be more expensive. This is especially true in areas at the highest risk of seismic activity. While most standard insurance carriers don’t offer earthquake insurance, options exist in states in which seismic activity is a threat. Companies in Alaska may offer endorsements covering earthquake damage. Keep in mind earthquake deductibles are usually higher than deductibles for most standard perils. In Alaska, expect to pay an additional $116 per year for an earthquake insurance endorsement.
Have a look at the best options for earthquake coverage in Alaska listed below. These figures should be treated as estimates — consult one of the companies for rates specific to your property.
|Insurer||Average Annual Earthquake Insurance Rate|
|Western National Mutual||$1,106|
*Source: United States Geological Survey (https://earthquake.usgs.gov/earthquakes/browse/)