Cost of Car Insurance in Anchorage, AK (2024 Cheapest + Rankings)

• Anchorage car insurance cost averages $1,778 per year, or about $148 per month for a full coverage policy.
• Anchorage auto insurance costs $294 per year more than the Alaska state average and $105 per year less than the average rate for all 50 states.
• Car insurance rates for a few popular models in Anchorage include the Nissan Sentra at $136 per month, Toyota Highlander at $135, and Nissan Altima at $161.
• For cheap car insurance in Anchorage, vehicles like the Nissan Kicks, Honda Passport, and Kia Soul have better auto insurance rates.
• A few vehicles with the lowest cost auto insurance in Anchorage for their respective segments include the Acura RDX ($1,488 per year), Subaru Crosstrek ($1,314 per year), Toyota GR Corolla ($1,546 per year), and Jaguar E-Pace ($1,664 per year).
• Auto insurance quotes in Anchorage can vary significantly from as little as $36 per month for just liability insurance to well over $700 per month drivers with many accidents and violations.

How much does car insurance cost in Anchorage?

Anchorage car insurance costs an average of $1,778 per year, which is 5.7% less than the overall U.S. national average rate of $1,883. The average monthly cost of car insurance in Anchorage is $148 for a full coverage policy.

In the state of Alaska, the average cost of car insurance is $1,484 per year, so the cost in Anchorage averages $294 more per year. The cost to insure a vehicle in Anchorage compared to other Alaska locations is $172 per year more than in Fairbanks, $466 per year more than in Ketchikan, and $442 per year more expensive than in Sitka.

The age of the driver is one of the largest factors in the price you pay for auto insurance. The list below illustrates this by breaking out average car insurance rates for young, middle-age, and senior drivers.

Car insurance cost in Anchorage for drivers age 16 to 60

• 16-year-old driver – $6,339 per year or $528 per month
• 17-year-old driver – $6,143 per year or $512 per month
• 18-year-old driver – $5,506 per year or $459 per month
• 19-year-old driver – $5,013 per year or $418 per month
• 20-year-old driver – $3,580 per year or $298 per month
• 30-year-old driver – $1,898 per year or $158 per month
• 40-year-old driver – $1,778 per year or $148 per month
• 50-year-old driver – $1,576 per year or $131 per month
• 60-year-old driver – $1,476 per year or $123 per month

The chart below summarizes average auto insurance cost in Anchorage broken out based on a range of driver ages, deductibles, and risk profiles. Rates are averaged for all 2024 vehicle models including luxury cars and SUVs.

Average car insurance rates in the chart above range from $1,480 per year for a 40-year-old driver who receives many policy discounts to $4,094 per year for a 30-year-old driver with a history of violations and/or at-fault accidents.

When average annual cost is converted to monthly rates, the average cost of car insurance per month in Anchorage ranges from $123 to $341.

Anchorage car insurance rates vary considerably and seemingly inconsequential changes in personal situations can cause large price changes. The potential for large variability stresses the need for accurate free auto insurance quotes when searching online for more affordable car insurance in Anchorage.

Popular vehicles and the cost to insure them

The car insurance rates mentioned up to this point are averaged for all 2024 vehicle models, which is suitable for making generalized comparisons such as the average cost difference between different locations in Alaska.

Average auto insurance rates are awesome when presented with a question like “is car insurance cheaper in Anchorage or Juneau?” or “are Alaska car insurance rates cheaper than in Florida?”.

But for more useful auto insurance rate comparisons, we should analyze the specific model of vehicle being insured. Every car, truck, SUV and minivan has a different profile for determining how much it costs to insure it and this data provides the means to perform more detailed comparisons.

This next chart shows average car insurance cost in Anchorage for a small sample of popular cars, pickups, and SUVs.

Models that are popular in Anchorage tend to be small or midsize sedans like the Toyota Corolla and Toyota Camry and compact and midsize SUVs like the Ford Escape, Toyota RAV4, and Ford Explorer.

Other popular models from different automotive segments include luxury cars like the Lexus ES 350 and Tesla Model S, luxury SUVs like the Infiniti QX60 and Acura MDX, and models from the pickup truck segment like the Ram 1500 and Ford Ranger.

We will explore rates in much more detail in a little bit, but before we dive into that data, let’s quickly revisit some of the key concepts that were presented in the data up to this point.

• Cost per month ranges from $123 to $528 – That’s the average car insurance cost range for insured drivers age 16 to 60 in Anchorage.
• Anchorage average car insurance cost is less than the U.S. average – $1,778 (Anchorage average) versus $1,883 (U.S. average)
• Car insurance for teens can be expensive – Cost ranges from $4,238 to $6,339 per year to insure a teenager in Anchorage.
• A low deductible policy costs more – A 40-year-old driver pays an average of $578 more per year for a policy with $250 deductibles versus $1,000 deductibles.
• Car insurance is cheaper as you age – Average auto insurance rates for a 40-year-old driver in Anchorage are $1,802 per year cheaper than for a 20-year-old driver.
• Auto insurance rates decline substantially from age 20 to 30 – The average 30-year-old Anchorage driver will pay $1,682 less per year than a 20-year-old driver, $1,898 versus $3,580.
• Anchorage car insurance prices are more expensive than the Alaska state average – $1,778 (Anchorage average) versus $1,484 (Alaska average)

What are the cheapest auto insurance rates in Anchorage?

The vehicles with the most affordable car insurance prices in Anchorage tend to be compact SUVs and crossovers like the Subaru Crosstrek, Chevrolet Trailblazer, and Buick Envision.

Average auto insurance rates for those crossover SUVs cost $1,446 or less per year, or $121 per month, for a policy with full coverage.

Some other models that are ranked high in the cost comparison table are the Buick Envista, Buick Encore, Volkswagen Taos, and Subaru Outback.

Insurance rates are somewhat higher for those models than the cheapest compact SUVs at the top of the rankings, but they still have average rates of $1,526 or less per year, or $127 per month in Anchorage.

The next table breaks down the top 40 models with the cheapest car insurance rates in Anchorage, ordered by annual cost.

The above table containing 40 ranked vehicles serves the purpose if you just want the absolute lowest rates. A more thorough way to analyze rates for more vehicles is to sort them by their automotive segment.

This next section further discusses average car insurance cost by vehicle segment. The average rates shown in the chart should provide a good foundation of which vehicles have the overall least expensive rates. Then the subsequent sections will break out the most affordable rates for individual models in each unique segment.

Anchorage auto insurance rates by automotive segment

If you’re considering buying a different vehicle, it’s in your best interest to know which categories of vehicles have more favorable insurance rates. For example, many people wonder if minivans cost less to insure than SUVs or if full-size pickups cost more to insure than midsize pickups.

The chart below shows average car insurance rates in Anchorage for different vehicle segments. From a segment comparison perspective, compact and midsize SUVs, vans, and midsize pickups have the cheapest rates, while sports cars and performance luxury models have the most expensive rates.

Rates by segment are close enough for blanket comparisons, but the insurance cost for specific vehicles ranges significantly within each of the segments listed in the above chart.

For example, in the midsize SUV segment, rates range from the Honda Passport at $1,416 per year for full coverage insurance to the Dodge Durango costing $2,186 per year.

As another example, in the sports car segment, rates range from the Mazda MX-5 Miata at $1,646 per year up to the Mercedes-Benz SL 63 costing $3,658 per year.

In these next sections, we eliminate much of the variability by looking at the average cost of car insurance in Anchorage from a model perspective rather than by segment.

Cheapest car insurance rates in Anchorage

Ranking at the top of the list for the lowest-cost Anchorage car insurance rates in the non-luxury car segment are the Honda Civic, Nissan Leaf, Toyota GR Corolla, Subaru Impreza, and Nissan Sentra. Car insurance prices for these vehicles average $1,638 or less per year.

Other cars that are affordable to insure are the Kia K5, Toyota Prius, Chevrolet Malibu, and Hyundai Ioniq 6, with average annual insurance rates of $1,728 per year or less.

Full-coverage insurance in Anchorage for this segment starts at an average of $129 per month, depending on where you live and the company you use.

If insurance rates are ranked by vehicle size, the lowest-cost compact car to insure in Anchorage is the Toyota GR Corolla at $1,546 per year. For midsize 2024 models, the Hyundai Ioniq 6 has the cheapest rates at $1,634 per year. And for full-size non-luxury cars, the Chrysler 300 is most affordable to insure at $1,688 per year.

The next table ranks the cars with the cheapest average insurance rates in Anchorage, starting with the Toyota GR Corolla at $1,546 per year and ending with the Mazda 3 at $1,844 per year.

See our guides for compact car insurance, midsize car insurance, and full-size car insurance to compare rates for all makes and models.

Don’t see insurance cost for your vehicle? Enter your zip code at the bottom of the table above and click the orange ‘GO’ button to get free car insurance quotes from top-rated companies in Alaska.

Cheapest SUVs to insure in Anchorage

The Subaru Crosstrek ranks in the top spot for the lowest-cost non-luxury SUV to insure in Anchorage, followed closely by the Chevrolet Trailblazer, Kia Soul, Nissan Kicks, and Honda Passport. The 2024 model averages $1,314 per year to insure for full coverage.

Additional SUVs that have cheaper rates are the Mazda CX-5, Ford Bronco Sport, Toyota Corolla Cross, and Hyundai Venue, with average rates of $1,456 per year or less.

On a monthly basis, car insurance on this segment in Anchorage for a middle-age safe driver starts at around $110 per month, depending on your company and location.

If prices are ranked by vehicle size, the most affordable compact SUV to insure in Anchorage is the Subaru Crosstrek at $1,314 per year. For midsize 2024 models, the Honda Passport is cheapest to insure at $1,416 per year. And for full-size non-luxury SUVs, the Chevrolet Tahoe has the most affordable rates at $1,670 per year.

The rate comparison table below ranks the twenty SUVs with the lowest-cost car insurance in Anchorage, starting with the Subaru Crosstrek at $1,314 per year ($110 per month) and ending with the Honda HR-V at $1,552 per year ($129 per month).

See our guides for compact SUV insurance, midsize SUV insurance, and full-size SUV insurance to compare rates for all makes and models.

Don’t see your SUV in the table above? Enter your zip code at the bottom of the table and click the orange ‘GO’ button to get free car insurance quotes from the best companies in Alaska.

Cheapest pickup trucks to insure in Anchorage

Ranking at the top of the list for the most affordable Anchorage auto insurance rates in the pickup truck segment are the Ford Maverick, Nissan Titan, Ford Ranger, Nissan Frontier, and Chevrolet Colorado. Car insurance quotes for these vehicles average $1,728 or less per year.

Other models that have cheaper rates are the Toyota Tacoma, Honda Ridgeline, GMC Canyon, and GMC Sierra 2500 HD, with an average cost to insure of $1,832 per year or less.

From a cost per month standpoint, full-coverage auto insurance in this segment for a middle-age safe driver can cost as low as $127 per month, depending on where you live and the company you use. The table below ranks the twenty pickups with the cheapest average insurance rates in Anchorage, starting with the Chevrolet Colorado at $1,524 per year ($127 per month) and ending with the Ram Truck at $2,062 per year ($172 per month).

See our guides for midsize pickup insurance and large pickup insurance to compare rates for all truck makes and models.

Don’t see insurance rates for your pickup? No sweat! Enter your zip code at the bottom of the table above and click the orange ‘GO’ button to get cheap Anchorage car insurance quotes from top companies in Alaska.

Cheapest sports car insurance rates in Anchorage

Ranking at the top for the cheapest Anchorage auto insurance rates in the performance and sports car segment are the Mazda MX-5 Miata, Ford Mustang, Subaru WRX, Toyota GR86, and BMW Z4. Auto insurance quotes for these models average $167 or less per month.

Not the cheapest sports cars to insure, but still very reasonable, are cars like the Toyota GR Supra, BMW M2, Subaru BRZ, and Nissan Z, with average annual insurance rates of $2,130 per year or less.

Some additional vehicles on the list include the Chevrolet Corvette, Mercedes-Benz AMG GT53, BMW M4, Porsche 718, and Jaguar F-Type, which average between $2,130 and $3,016 per year for full-coverage insurance.

Full-coverage car insurance in this segment for an average middle-age driver starts at an average of $137 per month, depending on where you live. The next table ranks the twenty sports cars with the lowest-cost insurance rates in Anchorage, starting with the Mazda MX-5 Miata at $1,646 per year and ending with the Porsche Taycan at $3,016 per year.

Don’t see insurance rates for your vehicle? Not a problem! Enter your zip code at the bottom of the above table and click the orange ‘GO’ button to get free car insurance quotes from the best auto insurance companies in Alaska.

Cheapest luxury cars to insure in Anchorage

The Acura Integra ranks at #1 for the lowest-cost luxury car to insure in Anchorage, followed by the BMW 330i, Mercedes-Benz CLA250, Lexus IS 300, and Acura TLX. The 2024 model has an average cost of $1,580 per year for full-coverage insurance.

Not the cheapest luxury cars to insure, but still very reasonable, are models like the Genesis G70, Mercedes-Benz AMG CLA35, Lexus RC 300, and Cadillac CT4, with average cost of $1,868 per year or less.

In the lower half of the top 20 luxury cars to insure, cars like the Cadillac CT5, Lexus ES 250, BMW 230i, Audi S3, and Lexus RC 350 cost between $1,868 and $1,994 per year for full-coverage insurance in Anchorage.

Car insurance rates for this segment in Anchorage starts at around $132 per month, depending on your company and location.

If rates are ranked based on vehicle size, the cheapest compact luxury car model to insure in Anchorage is the Acura Integra at $1,580 per year, or $132 per month. For midsize luxury car models, the Mercedes-Benz CLA250 has the cheapest rates at $1,830 per year, or $153 per month. And for large luxury cars, the Audi A5 is the cheapest model to insure at $2,108 per year, or $176 per month.

The table below ranks the luxury cars with the cheapest auto insurance rates in Anchorage.

For more luxury car insurance comparisons, see our complete guide for luxury car insurance.

Looking for rates for a different vehicle? Enter your zip code at the bottom of the table and click the orange ‘GO’ button to get free car insurance quotes from the best auto insurance companies in Alaska.

Cheapest luxury SUV insurance rates in Anchorage

Ranking at the top of the list for the most affordable Anchorage auto insurance rates in the luxury SUV segment are the Cadillac XT5, Acura RDX, Cadillac XT4, Jaguar E-Pace, and Lexus NX 250. Auto insurance prices for these models average $1,678 or less per year, or around $140 per month.

Other models that rank well in our comparison are the Lincoln Corsair, Lexus NX 450h, Mercedes-Benz GLB 250, and Lexus NX 350h, with average rates of $1,716 per year or less.

Ranked between 10th and 20th place, SUVs like the Mercedes-Benz GLA35 AMG, Cadillac XT6, Acura MDX, Land Rover Evoque, Lexus NX 350, and Lexus RX 350 cost between $1,716 and $1,782 per year for full-coverage insurance.

As a cost per month, auto insurance on this segment in Anchorage will start around $124 per month, depending on the company and your location.

The comparison table below ranks the twenty SUVs with the cheapest car insurance rates in Anchorage, starting with the Acura RDX at $124 per month and ending with the Lexus NX 350 at $149 per month.

For all luxury SUV comparisons, see our complete guide for luxury SUV insurance.

Is your luxury SUV missing from the table above? That’s no problem! Enter your zip code at the bottom of the table above and click the orange ‘GO’ button to get free Anchorage car insurance quotes from top auto insurance companies in Alaska.

Best practices for saving money on auto insurance

Drivers should always be looking to pay less for car insurance, so read through the money-saving tips in the list below to see if you can save a little cash on your next policy.

• Save money by qualifying for policy discounts. Discounted rates may be available if the insured drivers are accident-free, drive low annual mileage, are military or federal employees, are good students, or many other policy discounts which could save the average Anchorage driver as much as $298 per year.
• Increasing deductibles lowers insurance cost. Increasing your deductibles from $500 to $1,000 could save around $300 per year for a 40-year-old driver and $588 per year for a 20-year-old driver.
• Get cheaper rates because of your employment. The vast majority of car insurance companies offer policy discounts for certain professions like police officers and law enforcement, accountants, nurses, dentists, firefighters, and others. By getting this discount, you could potentially save between $53 and $173 on your annual car insurance premium, depending on the level of coverage purchased.
• Excellent credit scores get the best rates. Having excellent credit of 800+ may save up to $279 per year versus a slightly lower credit rating between 670-739. Conversely, a poor credit rating could cost up to $324 more per year. Not all states use credit score as a rating factor, so check with your agent or company.
• Shop your coverage around. Setting aside 5-10 minutes to get a few free car insurance quotes is our best recommendation for saving the most money. Rates change frequently and you can switch anytime.
• Choose a vehicle with lower auto insurance rates. Vehicle performance is one of the biggest factors in the cost of car insurance in Anchorage. As an example, a Volvo XC40 costs $1,676 less per year to insure in Anchorage than a Nissan GT-R. Lower performance vehicles cost less to insure.
• Stay claim free and save. Car insurance companies reduce rates a little if you have not filed any claims. Auto insurance should only be used in the case of larger claims, not for minor claims.