CarInsurance.com Insights
- CarInsurance.com’s data study found that GEICO and Progressive offer the cheapest car insurance rates in Anchorage at annual costs of $506 and $618, respectively, for state minimum coverage.
- You can save an average of $1,705 per year on a full coverage policy in Anchorage by comparing price quotes from different carriers.
- Drivers with a speeding ticket on their records can find the cheapest rates with Progressive at an average annual cost of $3,053 for full coverage.
- Progressive is one of the most affordable insurers for drivers with a DUI, with average annual premiums of $2,665 for full coverage.
According to a detailed data analysis, GEICO, Progressive and Allstate provide cheap car insurance rates for drivers in Anchorage, Alaska for a full coverage policy.
In Anchorage, an adult with a clean driving record and good insurance score typically pays $674 per year for a state minimum car insurance policy and expect to pay $2,543 on average if you choose to purchase a full coverage policy.
Insurance companies take various factors into account, including age, driving history and car make and model, to determine premiums.
Location is another important factor that helps insurers calculate your insurance rates. Premiums vary significantly between cities and even by ZIP codes within the same city. High-traffic areas generally lead to more accidents and claims, so insurers also consider population density, road conditions and weather to determine rates.
That’s why our team of experts has created this guide to help you make smart decisions about car insurance. It also highlights the cheapest insurance companies in Anchorage.
Who offers the cheapest car insurance rates in Anchorage, Alaska?
GEICO offers cheap car insurance rates in Anchorage at an average annual cost of $506 or $42 per month for state minimum coverage and $163 per month for a full coverage policy, based on our data study.
Below, you’ll find the companies that offer cheap car insurance to Anchorage drivers.
| Insurance company | Annual premium |
|---|---|
| GEICO | $1,953 |
| Progressive | $2,034 |
| Allstate | $3,052 |
| State Farm | $3,065 |
| Western National Insurance | $3,658 |
| USAA | $1,499 |
Average car insurance rates in Anchorage
Based on our rate analysis, the average cost of car insurance for state minimum coverage in Anchorage is $674. If you choose liability-only coverage with limits of 50/100/50, you’ll pay $13 more per month or $153 more per year.
For full coverage (100/300/100), you would pay an additional $156 per month or $1,869 more annually. Experts recommend purchasing a full coverage policy as it provides more protection than state minimum and liability-only policies.
| Coverage type | Annual premium |
|---|---|
| State minimum | $674 |
| Liability only (50/100/50) | $827 |
| Full coverage (100/300/100, $500 ded.) | $2,543 |
| Full Coverage – 100/300/100 BI/PD – 250 Comp/Coll | $2,813 |
| Full Coverage – 100/300/100 BI/PD – 1000 Comp/Coll | $2,252 |
| Non-owners | $262 |
Cheapest rates for drivers in Anchorage, Alaska, by age
Age is a key factor in determining car insurance rates in most cities, including Anchorage. It’s one of several factors insurers consider when determining premiums.
Teens (ages 16 to 19) are more prone to accidents because they’re inexperienced drivers. According to the Centers for Disease Control and Prevention (CDC), teen drivers are far more likely to be involved in fatal collisions than adult drivers. The higher the chances of an accident, the higher the car insurance rates.
Drivers in their 40s, 50s and 60s pay less for their car insurance premiums than teen drivers because they are more likely to follow traffic rules, according to the Insurance Information Institute (Triple-I), an industry research and outreach organization.
| Age group | Insurance company | Annual premium |
|---|---|---|
| Teens (16-19) | Progressive | $5,510 |
| Young adults (20-24) | GEICO | $2,443 |
| Adults (25-60) | GEICO | $1,857 |
| Seniors (65-75) | GEICO | $1,625 |
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Cheapest car insurance rates for Anchorage drivers after a speeding ticket
Progressive offers the most affordable car insurance rates for drivers in Anchorage following a speeding ticket, at an average annual cost of $3,053 or $254 per month for full coverage.
State Farm and Allstate also offer cheap insurance rates after a speeding ticket.
Find below the car insurance companies with affordable insurance rates for Anchorage drivers with a speeding ticket.
| Insurance company | Rate before ticket | Rate with speeding ticket | Rate increase (%) |
|---|---|---|---|
| Progressive | $2,034 | $3,053 | 50% |
| State Farm | $3,065 | $3,267 | 7% |
| Allstate | $3,052 | $3,617 | 19% |
| GEICO | $1,953 | $3,702 | 90% |
| USAA | $1,499 | $1,944 | 30% |
Cheap car insurance for drivers with a DUI in Anchorage
If you have a DUI on your record in Anchorage, finding affordable car insurance can be challenging. However, Progressive, State Farm and GEICO offer affordable insurance rates for drivers in Anchorage after a DUI conviction.
The table below lists car insurance companies in Anchorage that offer affordable coverage for drivers with DUIs.
| Insurance company | Rate before DUI | Rate with DUI | Rate increase (%) |
|---|---|---|---|
| Progressive | $2,034 | $2,665 | 31% |
| State Farm | $3,065 | $3,267 | 7% |
| GEICO | $1,953 | $3,770 | 93% |
| Allstate | $3,052 | $4,256 | 39% |
| USAA | $1,499 | $2,812 | 88% |
Affordable car insurers for Anchorage drivers after an at-fault accident
Car insurance rates increase after an at-fault accident in Anchorage for most drivers. However, some insurers offer affordable premiums to high-risk drivers.
In Anchorage, GEICO offers the cheapest car insurance for drivers with an at-fault accident on their records. Other insurers that offer affordable premiums are State Farm and Progressive.
See the table below to see which insurers offer cheap auto insurance premiums for Anchorage drivers with an accident on their driving records.
| Insurance company | Rate before at-fault accident | Rate with at-fault accident | Rate increase (%) |
|---|---|---|---|
| GEICO | $1,953 | $3,162 | 62% |
| State Farm | $3,065 | $3,546 | 16% |
| Progressive | $2,034 | $4,075 | 100% |
| Allstate | $3,052 | $4,480 | 47% |
| USAA | $1,499 | $2,271 | 52% |
Compare car insurance quotes in Anchorage: How to save on an insurance policy?
CarInsurance.com’s rate analysis shows that you could save an average of $1,705 per year or $142 per month on a full coverage policy in Anchorage, Alaska, by comparing insurance quotes. Though savings will depend on factors like your location, age and driving record, comparing policies can lead to significant savings.
Final thoughts: Car insurance cost in Anchorage, Alaska
It’s a good idea to shop around and compare insurance quotes when your policy is up for renewal to ensure you get the best car insurance deal. You can maximize your savings by using available discounts, driving a car with excellent safety features and keeping a clean driving record.
Resources and methodology
Sources
- Centers for Disease Control and Prevention. “Teen drivers.” Accessed March 2026.
- Insurance Information Institute. “Senior driving safety and insurance tips.” Accessed March 2026.
Methodology
CarInsurance.com commissioned Quadrant Information Services to get car insurance rates. The rates are based on the sample profiles of 40-year-old male and female drivers carrying full coverage policies with limits of 100/300/100 and $500 collision and comprehensive deductibles. Read the detailed methodology for more information.
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