Anchorage Renters Insurance

The Zebra
July 23, 2019

Renters insurance in Anchorage


Renters insurance is important if you’re renting an apartment or house. Renters insurance covers your rental unit — and the personal property within it — against a number of perils, including fire, theft, vandalism, and wind damage. Given the likelihood of these incidents occurring, the affordability of rental coverage, and the relatively high cost of replacing your property, a renters insurance policy is a solid investment.

Renters insurance costs are dictated by many factors, including the building's age, its material constitution, its geographic location, and the pricing rules of your insurance company. In areas prone to hail, fire, lightning, or damaging wind, renters insurance policies may be more expensive to account for the extra risk.

The average annual cost of renters insurance in Anchorage is $118.

Getting affordable renters insurance in Anchorage begins with shopping around and comparing policies. Consult our analysis of Anchorage, Alaska renters insurance premiums to begin your search with as much background info as possible. Remember: your renters insurance costs may vary based on your coverage limits and other factors.


Anchorage renters insurance:

  1. Rates by company
  2. Rates by coverage level
  3. Auto and renters insurance discounts

Renters insurance costs in Anchorage by insurance company

Renters insurance rates in Anchorage depend on the insurance company. For instance, Country offers the cheapest renters insurance in Anchorage, at just $84 per year. This compares favorably to the city's typical renters insurance cost of $118, providing a $34 discount on the city's normal rates.

Begin your search for a renters insurance policy by reviewing the cheapest companies in Anchorage.


AFFORDABLE RENTERS INSURANCE COMPANIES IN ANCHORAGE
CompanyAverage Annual Rate in Anchorage
Country$84
Allstate$93
Safeco$97
Umialik$101
State Farm$119

Anchorage renters insurance pricing by coverage tier

The cost of your renters insurance policy will be influenced by the amount of coverage you opt to carry. Common renters insurance coverage tiers are $25,000 and $50,000 property coverage. In Anchorage, the average annual cost difference between these tiers is about $36. If you can afford the up-front expense, it's worth considering.

Coverage LevelAverage Annual Rate in Anchorage
$25K Property$100
$50K Property$137

How to save: bundle your renters and auto insurance policies

If you’re seeking ways to save on your insurance expenditures, consider carrying your renters and auto policies with the same insurance company. Bundling renters and car insurance in Anchorage can lead to substantial savings. In fact, bundling renters and auto insurance leads to average savings of 5.3% on car insurance premiums. The auto insurer with the cheapest bundled rate is USAA, followed by GEICO and State Farm.


CAR AND RENTERS INSURANCE BUNDLING DISCOUNTS IN ANCHORAGE
Annual Bundle SavingsBundle Savings %
$675.3%

Need renters insurance? Talk to an expert today.