Anchorage Homeowners Insurance

The Zebra
Aug. 26, 2019

How to find affordable homeowners insurance in Anchorage


Home insurance is a critical element of homeownership. Homeowners coverage protects you against fire, wind damage, and theft for your home and the contents inside it. With the relative frequency of such incidents -- and the high cost of rebuilding or repairing a home -- obtaining homeowners insurance is a wise investment.

The price of a home insurance policy depends on many factors. This can include the overall value of your house, the value of your personal belongings, and the materials that were used when building your home. Location also plays a role in determining the price of your homeowners insurance policy. In areas prone to perils like hail, frozen pipes, volcanoes, or fire, home insurance policies may be more expensive to account for the extra risk. Learn more info about the specifics of home insurance coverage.

If you want to find affordable home insurance in Anchorage, start with looking around and comparing a variety of different policies. Check out the below summary of average home insurance premiums in Anchorage to begin your homeowners insurance search with as much information as you can. Remember: your homeowners insurance costs may vary based on your coverage limits and other factors.


Anchorage, Alaska, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Homeowners insurance in Anchorage by insurance company

What you pay for homeowners insurance in Anchorage will depend on the insurance company you get your policy through. The most inexpensive home insurance in Anchorage comes from Liberty, which offers average annual rates of just $739 per year. This is more favorable than the city’s average homeowners premium of $954.

Have a look at the cheapest insurance companies in Anchorage, Alaska to find the best homeowners policy for your needs.


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN ANCHORAGE
CompanyAverage Annual Rate
Liberty$739
Country$784
State Farm$830
USAA$1,130
Allstate$1,191

Average homeowners insurance costs in Anchorage by coverage level

Your chosen amount of homeowners coverage has an impact on the insurance premiums you pay . In Anchorage, carrying $200K dwelling coverage costs an average of $704, while carrying additional coverage up to $400K costs $1,170/year.


HOMEOWNERS INSURANCE RATES IN ANCHORAGE — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$704
$400K Dwelling$1,170

Speak with a homeowners insurance expert

Anchorage home insurance prices by ZIP code

Home insurance premiums can vary depending on what area of Anchorage in which you live. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, your home's location could have a huge impact in what you pay for insurance.

If you're looking for the cheapest homeowners insurance premiums in Anchorage, take at look at the 99516 ZIP code. In the 99516 area, homeowners policies typically cost just $911 on average, which isa full $43 less than the overall average for Anchorage. Find the best places to live in Anchorage for cheap home insurance by looking at the following table.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN ANCHORAGE
ZIP CodeAverage Annual Home Insurance Rate
99516$911
99515$924
99507$929

Other areas of Anchorage, however, face homeowners rates that surpass the city average . Crime rates, fire risk, and even your proximity to emergency services could lead insurance companies to see certain neighborhoods as higher risk, which could drive up area rates. One of the costliest ZIP codes for homeowners coverage in Anchorage is 99503, with an annual average rate of $1,074.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN ANCHORAGE
ZIP CodeAverage Annual Home Insurance Rate
99503$1,074
99599$1,070
99529$947

Money-saving tip: bundle home and auto insurance in Anchorage

If saving money is something you're concerned with, it might be worth insuring your home and auto through the same insurance company. Bundling home and auto insurance can save you a substantial sum each month on your auto insurance bill. Bundling policies in Anchorage could, in fact, lead to average annual savings of 10%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN ANCHORAGE
CompanyAvg. Annual Auto Insurance Rate (Bundle)
USAA$825
State Farm$977
GEICO$1,001
Allstate$1,429
Progressive$1,614

A great way to save on insurance is to bundle your home and auto policies with the same insurance company. To speak with an insurance expert, reach out to us at 855-493-9728 today.


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