Homeowners Insurance in Alaska

Getting homeowners insurance shouldn't be complicated. Compare Alaska rates by city and carrier below.

How to find cheap homeowners insurance in Alaska


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.


Alaska home insurance:
  1. By insurance company
  2. Rates by city
  3. Insurance bundling discounts
  4. FAQs

Homeowners insurance rates in Alaska by company

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.


AFFORDABLE HOME INSURANCE COMPANIES IN ALASKA
CarrierAverage Yearly Rate in Alaska
Safeco$726.96
Country$801.18
Umialik$1,038.04
State Farm$1,280.26
Allstate$1,348.57

Alaska home insurance by city

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.


AFFORDABLE HOMEOWNERS INSURANCE BY CITY IN ALASKA
CityAverage Annual Home Insurance Rate
Sitka$884.75
Anchorage$954.26
Juneau$955.42
Ketchikan$957.33
Kodiak$1,009.75

Home and auto insurance bundles in Alaska

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.


HOME AND AUTO INSURANCE BUNDLING SAVINGS IN ALASKA
Avg. 12-Month Auto Insurance Rate (No Bundle)Avg. Annual Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$1,151.00$1,057.00$94.009%

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?

  1. Anchorage

Alaska home insurance FAQs


Does GEICO offer homeowners insurance in Alaska?

GEICO currently sells homeowners insurance policies in Alaska.

Is homeowners insurance required in Alaska?

Although not required by state law, mortgage lenders may require you to carry home insurance.


Homeowners insurance and earthquakes in Alaska

Alaska copes with an estimated 1, 503 earthquakes each year, which means that 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 that you pay just one deductible for damage from the initial earthquake in addition to any aftershocks within a period of 72-hours.

*Source: United States Geological Survey (https://earthquake.usgs.gov/earthquakes/browse/)


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