Anchorage is one of the most beautiful, remarkable cities in the United States, surrounded by breathtaking scenery and filled with cultural landmarks. Almost 280,000 people live in Anchorage, Alaska, making it by far the state's largest city. In fact, about 40% of the entire population of Alaska lives in Anchorage, and many residents are drivers. It's very expensive to own a car in Alaska and in Anchorage in particular. This is mainly due to the exceptionally high cost of Anchorage car insurance quotes. Understanding some of the factors that affect the cost of car insurance in Alaska is key to drivers looking for ways to decrease their premiums.
The high legally required minimum coverage levels in Alaska are one reason from the discrepancy compared to other states. Alaskan insurance law requires a minimum of $50,000 in bodily injury liability for up to $100,000 of coverage per accident (also known as 50/100 insurance; for comparison, many states use 20/40 or 30/60 insurance). Anchorage auto insurance quotes can be higher, depending on the zip code, if a driver lives in a high-crime area, as auto theft is a major insurance claim and the costs of claims get passed down to consumers. Alaskan drivers are also subject to natural damage claims more often than some other states, and driving hazards due to weather can be very significant.
That's not to say that there aren't ways for Anchorage drivers to find lower premiums. Decreasing coverage is one way to lower costs, but this can be inadvisable, as it's never a good idea to drive a car that isn't adequately insured, and although the state minimum requirements are fairly high, most drivers will also need comprehensive car insurance and personal injury insurance. Drivers can also outfit their vehicles for difficult driving conditions. Every Alaskan driver should invest in snow tires, and some Anchorage car insurance companies offer discounts to drivers that outfit their vehicles in this way. Drivers can also get tremendous insurance benefits by choosing safe, large vehicles; small cars that aren't built for the Alaskan climate will cost more to insure.
It's essential for Anchorage drivers to gather as many quotes as possible when looking for car insurance. Multiple quotes allow drivers to compare different policies easily to find a low premium without sacrificing coverage. It can also make premium negotiation much easier. We offer a free tool for Anchorage drivers that allows multiple quotes to be generated with a driver's zip code, and it is well worth the time for motorists who are serious about lowering the cost of car ownership in Alaska. Enter your zip code now and we can help you find the best coverage at the best price.