- Average car insurance cost in Fairbanks is $2,172 per year, or about $181 per month.
- Small SUV models like the Ford Bronco Sport, Hyundai Venue, Toyota Corolla Cross, and Subaru Crosstrek are the top picks for having cheap car insurance in Fairbanks.
- Vehicles with the most affordable car insurance in Fairbanks in their automotive segment include the Subaru Crosstrek, Acura RDX, Acura Integra, and Mercedes-Benz CLA250.
- Car insurance quotes in Fairbanks have significant variability from as little as $31 per month for liability-only insurance to over $671 per month for drivers needing high-risk coverage.
How much does car insurance cost in Fairbanks?
Fairbanks car insurance costs an average of $2,172 per year, which is 2.2% less than the national average rate of $2,221. The average cost per month for car insurance in Fairbanks is $181 for a policy that provides full coverage.
The average price for car insurance in Alaska is $2,052 per year, so Fairbanks, AK, drivers pay an average of $120 more per year than the overall Alaska state-wide average rate. When prices are compared to other cities in Alaska, the cost to insure a car in Fairbanks is about $272 per year more than in Sitka, $292 per year more expensive than in Ketchikan, and $176 per year cheaper than in Anchorage.
The next chart shows examples of average Fairbanks car insurance cost broken out for a number of different driver ages, policy deductibles, and driver risk scenarios. Rates are averaged for all 2024 model year vehicles including luxury vehicles.
The average cost of auto insurance per month in Fairbanks is $181, and ranges from $150 to $416 for drivers age 20 to 60 with the assigned risk profiles in the chart above.
The age of the driver influences the cost of car insurance. The list below details how driver age influences cost by showing average car insurance rates in Fairbanks for different driver ages.
Fairbanks, Alaska, car insurance cost by driver age
- 16-year-old driver – $7,736 per year or $645 per month
- 17-year-old driver – $7,493 per year or $624 per month
- 18-year-old driver – $6,717 per year or $560 per month
- 19-year-old driver – $6,117 per year or $510 per month
- 20-year-old driver – $4,370 per year or $364 per month
- 30-year-old driver – $2,318 per year or $193 per month
- 40-year-old driver – $2,172 per year or $181 per month
- 50-year-old driver – $1,926 per year or $161 per month
- 60-year-old driver – $1,802 per year or $150 per month
Which vehicles have cheap insurance in Fairbanks?
The vehicles with the best auto insurance prices in Fairbanks tend to be compact SUVs like the Kia Soul, Chevrolet Trailblazer, and Buick Envision. Average insurance quotes for those small SUVs cost $147 or less per month for full coverage car insurance.
Examples of other models that rank in the top 20 in the cost comparison table are the Honda CR-V, Acura RDX, Volkswagen Tiguan, and Honda HR-V.
Average auto insurance rates are slightly more for those models than the compact SUVs and crossovers that rank near the top, but they still have average rates of $1,890 or less per year ($158 per month).
The table below lists the 25 cars, trucks, and SUVs with the cheapest insurance rates in Fairbanks, ordered starting with the cheapest.
| Rank | Make/Model | Annual Premium | Cost Per Month |
|---|---|---|---|
| 1 | Subaru Crosstrek | $1,604 | $134 |
| 2 | Chevrolet Trailblazer | $1,632 | $136 |
| 3 | Kia Soul | $1,696 | $141 |
| 4 | Nissan Kicks | $1,710 | $143 |
| 5 | Honda Passport | $1,732 | $144 |
| 6 | Buick Envision | $1,738 | $145 |
| 7 | Toyota Corolla Cross | $1,752 | $146 |
| 8 | Hyundai Venue | $1,764 | $147 |
| 9 | Mazda CX-5 | $1,770 | $148 |
| 10 | Ford Bronco Sport | $1,780 | $148 |
| 11 | Volkswagen Tiguan | $1,796 | $150 |
| 12 | Acura RDX | $1,816 | $151 |
| 13 | Nissan Murano | $1,824 | $152 |
| 14 | Buick Encore | $1,846 | $154 |
| 15 | Honda CR-V | $1,850 | $154 |
| 16 | Subaru Outback | $1,850 | $154 |
| 17 | Buick Envista | $1,856 | $155 |
| 18 | Volkswagen Taos | $1,860 | $155 |
| 19 | Kia Niro | $1,870 | $156 |
| 20 | Toyota GR Corolla | $1,886 | $157 |
| 21 | Honda HR-V | $1,890 | $158 |
| 22 | Subaru Ascent | $1,892 | $158 |
| 23 | Nissan Leaf | $1,902 | $159 |
| 24 | Chevrolet Colorado | $1,910 | $159 |
| 25 | Honda Civic | $1,922 | $160 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle and also for all Fairbanks, AK Zip Codes. Updated June 26, 2025
The table above that contains 25 ranked vehicles probably isn’t the best way to show a complete summary of Fairbanks insurance rates. But considering we track over 700 vehicles, the vast majority of models get omitted from the table. So let’s take a different approach and reorganize the models with the lowest rates an alternative way.
The next section of this article showcases the average cost of auto insurance in Fairbanks for each different automotive segment. This should give a decent idea of which vehicles have the overall best Fairbanks car insurance rates. The six sections after the chart show the cheapest insurance rates for specific models in each automotive segment.
Fairbanks car insurance rates by vehicle segment
When shopping for a different vehicle, it’s in your best interest to know which types of vehicles have less expensive auto insurance rates in Fairbanks.
For example, some common questions are if compact SUVs have cheaper car insurance than midsize SUVs or if heavy duty pickups have more expensive insurance than half-ton pickups.
The next chart displays the average auto insurance cost in Fairbanks for each automotive segment. From a segment comparison perspective, small SUVs and midsize pickups tend to have the cheapest average rates, while sports cars and performance luxury models have the highest auto insurance rates.
Rates by different vehicle segments are precise enough to make an overall comparison, but rates vary considerably within each of the segments listed in the chart above.
For example, in the small car segment, Fairbanks car insurance rates range from the Toyota GR Corolla costing $1,886 per year to the Toyota Mirai at $2,702 per year, a difference of $816 within that segment. For another example, in the large luxury SUV segment, the average insurance cost ranges from the Infiniti QX80 at $2,434 per year up to the Mercedes-Benz G63 AMG costing $4,668 per year, a difference of $2,234 within that segment.
In the next parts of this article, we will eliminate a lot of this variability by comparing the cost of auto insurance in Fairbanks for individual models.
Cheapest car insurance rates in Fairbanks, AK
The four cheapest cars to insure in Fairbanks are the Toyota GR Corolla at $1,886 per year, Nissan Leaf at $1,902 per year, Honda Civic at $1,922 per year, and Nissan Sentra at $1,990 per year.
Not the cheapest cars to insure, but still affordable, are cars like the Toyota Prius, Chevrolet Malibu, Kia K5, and Honda Accord, with an average cost to insure of $2,118 per year or less.
Ranking between positions 10 and 20, cars like the Mazda 3, Volkswagen Arteon, Hyundai Ioniq 6, Subaru Legacy, Hyundai Sonata, and Volkswagen Jetta average between $2,118 and $2,246 per year for insurance.
Full-coverage car insurance in Fairbanks for this segment for a good driver can cost as low as $157 per month, depending on where you live.
When vehicle size is considered, the most affordable compact car to insure in Fairbanks is the Toyota GR Corolla at $1,886 per year. For midsize cars, the Kia K5 has the cheapest rates at $2,092 per year. And for large cars, the Chrysler 300 is the cheapest model to insure at $2,066 per year.
The next table ranks the twenty cars with the lowest-cost insurance rates in Fairbanks, starting with the Toyota GR Corolla at $157 per month and ending with the Mazda 3 at $187 per month.
| Make and Model | Vehicle Size | Annual Premium | Cost Per Month |
|---|---|---|---|
| Toyota GR Corolla | Compact | $1,886 | $157 |
| Nissan Leaf | Compact | $1,902 | $159 |
| Honda Civic | Compact | $1,922 | $160 |
| Nissan Sentra | Compact | $1,990 | $166 |
| Subaru Impreza | Compact | $1,996 | $166 |
| Toyota Prius | Compact | $2,030 | $169 |
| Kia K5 | Midsize | $2,092 | $174 |
| Honda Accord | Midsize | $2,098 | $175 |
| Chevrolet Malibu | Midsize | $2,106 | $176 |
| Toyota Corolla | Compact | $2,118 | $177 |
| Kia Forte | Compact | $2,120 | $177 |
| Volkswagen Arteon | Midsize | $2,134 | $178 |
| Nissan Versa | Compact | $2,140 | $178 |
| Subaru Legacy | Midsize | $2,144 | $179 |
| Hyundai Ioniq 6 | Midsize | $2,160 | $180 |
| Mitsubishi Mirage G4 | Compact | $2,192 | $183 |
| Volkswagen Jetta | Compact | $2,196 | $183 |
| Toyota Crown | Midsize | $2,198 | $183 |
| Hyundai Sonata | Midsize | $2,200 | $183 |
| Mazda 3 | Compact | $2,246 | $187 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle and also for all Fairbanks, AK Zip Codes. Updated June 27, 2025
See our guides for compact car insurance, midsize car insurance, and full-size car insurance to view any vehicles not shown in the table.
Don’t see insurance cost for your vehicle? That’s no problem! Enter your zip code at the bottom of the table and click the orange ‘GO’ button to get free Fairbanks car insurance quotes from the best car insurance companies in Alaska.
Cheapest SUV insurance rates in Fairbanks, AK
Taking the top spot in Fairbanks for the most affordable average insurance rates in the non-luxury SUV segment is the Subaru Crosstrek, costing $1,604 per year. Second place is the Chevrolet Trailblazer costing $1,632 per year, coming in third is the Kia Soul, costing an average of $1,696 per year, and in fourth place is the Nissan Kicks, costing an average of $1,710 per year.
Other SUVs that have affordable insurance rates are the Toyota Corolla Cross, Ford Bronco Sport, Hyundai Venue, and Mazda CX-5, with average cost of $1,780 per year or less.
From a monthly standpoint, auto insurance on this segment in Fairbanks for a safe driver can cost as low as $134 per month, depending on the company.
If vehicle size is considered, the cheapest non-luxury compact SUV to insure in Fairbanks is the Subaru Crosstrek at $1,604 per year. For midsize models, the Honda Passport is cheapest to insure at $1,732 per year. And for full-size non-luxury SUVs, the Chevrolet Tahoe has the cheapest car insurance rates at $2,040 per year.
The comparison table below ranks the twenty SUVs with the cheapest average car insurance rates in Fairbanks, starting with the Subaru Crosstrek at $134 per month and ending with the Subaru Ascent at $158 per month.
| Make and Model | Vehicle Size | Annual Premium | Cost Per Month |
|---|---|---|---|
| Subaru Crosstrek | Compact | $1,604 | $134 |
| Chevrolet Trailblazer | Compact | $1,632 | $136 |
| Kia Soul | Compact | $1,696 | $141 |
| Nissan Kicks | Compact | $1,710 | $143 |
| Honda Passport | Midsize | $1,732 | $144 |
| Buick Envision | Compact | $1,738 | $145 |
| Toyota Corolla Cross | Compact | $1,752 | $146 |
| Hyundai Venue | Compact | $1,764 | $147 |
| Mazda CX-5 | Compact | $1,770 | $148 |
| Ford Bronco Sport | Compact | $1,780 | $148 |
| Volkswagen Tiguan | Compact | $1,796 | $150 |
| Nissan Murano | Midsize | $1,824 | $152 |
| Buick Encore | Compact | $1,846 | $154 |
| Honda CR-V | Compact | $1,850 | $154 |
| Subaru Outback | Midsize | $1,850 | $154 |
| Buick Envista | Midsize | $1,856 | $155 |
| Volkswagen Taos | Compact | $1,860 | $155 |
| Kia Niro | Compact | $1,870 | $156 |
| Honda HR-V | Compact | $1,890 | $158 |
| Subaru Ascent | Midsize | $1,892 | $158 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle and also for all Fairbanks, AK Zip Codes. Updated June 27, 2025
See our guides for compact SUV insurance, midsize SUV insurance, and full-size SUV insurance to view any vehicles not shown in the table.
Is your SUV not in the list? That’s no problem! Enter your zip code at the bottom of the table and click the orange ‘GO’ button to get cheap Fairbanks car insurance quotes from the best companies in Alaska.
Cheapest luxury cars to insure in Fairbanks
The top four luxury cars with the cheapest auto insurance in Fairbanks are the Acura Integra at $1,930 per year, BMW 330i at $2,212 per year, Mercedes-Benz CLA250 at $2,234 per year, and Lexus IS 300 at $2,240 per year.
Other luxury cars that have affordable insurance rates include the Mercedes-Benz AMG CLA35, Genesis G70, Lexus RC 300, and Lexus ES 350, with an average car insurance cost of $2,284 per year or less.
Car insurance rates in this segment will start around $161 per month, depending on the company and your location.
If rates are ranked based on vehicle size, the most budget-friendly compact luxury car to insure in Fairbanks is the Acura Integra at $1,930 per year. For midsize luxury cars, the Mercedes-Benz CLA250 is cheapest to insure at $2,234 per year. And for large luxury cars, the Audi A5 has the most affordable rates at $2,578 per year.
The next table ranks the luxury cars with the most affordable car insurance in Fairbanks.
| Make and Model | Vehicle Size | Annual Premium | Cost Per Month |
|---|---|---|---|
| Acura Integra | Compact | $1,930 | $161 |
| BMW 330i | Compact | $2,212 | $184 |
| Mercedes-Benz CLA250 | Midsize | $2,234 | $186 |
| Lexus IS 300 | Midsize | $2,240 | $187 |
| Acura TLX | Compact | $2,246 | $187 |
| Lexus ES 350 | Midsize | $2,266 | $189 |
| Cadillac CT4 | Compact | $2,268 | $189 |
| Genesis G70 | Compact | $2,274 | $190 |
| Mercedes-Benz AMG CLA35 | Midsize | $2,278 | $190 |
| Lexus RC 300 | Midsize | $2,284 | $190 |
| Lexus IS 350 | Compact | $2,292 | $191 |
| Jaguar XF | Midsize | $2,298 | $192 |
| Cadillac CT5 | Midsize | $2,340 | $195 |
| Lexus ES 250 | Midsize | $2,350 | $196 |
| Lexus RC 350 | Compact | $2,356 | $196 |
| BMW 330e | Compact | $2,360 | $197 |
| BMW 228i | Compact | $2,362 | $197 |
| BMW 230i | Compact | $2,380 | $198 |
| Lexus ES 300h | Midsize | $2,384 | $199 |
| Audi S3 | Compact | $2,434 | $203 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle and also for all Fairbanks, AK Zip Codes. Updated June 26, 2025
For all luxury car insurance comparisons, see our full luxury car insurance guide.
Need rates for a different vehicle? Enter your zip code at the bottom of the above table and click the orange ‘GO’ button to get free Fairbanks car insurance quotes from top car insurance companies in Alaska.
Cheapest luxury SUV insurance rates in Fairbanks, Alaska
The Acura RDX ranks in the top spot for the most affordable luxury SUV to insure in Fairbanks, followed closely by the Lexus NX 250, Cadillac XT4, Jaguar E-Pace, and Cadillac XT5. The 2024 model averages $1,816 per year for a policy with full coverage.
Not the cheapest luxury SUVs to insure, but still affordable, are models like the Mercedes-Benz GLB 250, Lexus NX 450h, Lexus NX 350h, and Lincoln Corsair, with average rates of $2,092 per year or less.
Auto insurance for this segment in Fairbanks for a good driver will start around $151 per month, depending on your location.
If rates are ranked by vehicle size, the cheapest compact luxury SUV to insure in Fairbanks is the Acura RDX at $1,816 per year, or $151 per month. For midsize luxury SUV models, the Jaguar E-Pace is cheapest to insure at $2,028 per year, or $169 per month. And for full-size luxury SUV models, the Infiniti QX80 is cheapest to insure at $2,434 per year, or $203 per month.
The rate comparison table below ranks the twenty luxury SUVs with the most affordable average car insurance rates in Fairbanks, starting with the Acura RDX at $1,816 per year and ending with the Lexus RX 350 at $2,180 per year.
| Make and Model | Vehicle Size | Annual Premium | Cost Per Month |
|---|---|---|---|
| Acura RDX | Compact | $1,816 | $151 |
| Lexus NX 250 | Compact | $1,922 | $160 |
| Cadillac XT4 | Compact | $1,960 | $163 |
| Jaguar E-Pace | Midsize | $2,028 | $169 |
| Lexus NX 350h | Compact | $2,048 | $171 |
| Cadillac XT5 | Midsize | $2,050 | $171 |
| Lincoln Corsair | Compact | $2,074 | $173 |
| Mercedes-Benz GLB 250 | Compact | $2,080 | $173 |
| Lexus UX 250h | Compact | $2,082 | $174 |
| Lexus NX 450h | Compact | $2,092 | $174 |
| Infiniti QX50 | Midsize | $2,108 | $176 |
| Mercedes-Benz GLA250 | Compact | $2,118 | $177 |
| Cadillac XT6 | Midsize | $2,124 | $177 |
| Mercedes-Benz GLA35 AMG | Compact | $2,124 | $177 |
| Infiniti QX60 | Midsize | $2,134 | $178 |
| Mercedes-Benz AMG GLB35 | Midsize | $2,140 | $178 |
| Acura MDX | Midsize | $2,170 | $181 |
| Land Rover Evoque | Compact | $2,170 | $181 |
| Lexus NX 350 | Compact | $2,178 | $182 |
| Lexus RX 350 | Midsize | $2,180 | $182 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle and also for all Fairbanks, AK Zip Codes. Updated June 26, 2025
See our comprehensive guide for luxury SUV insurance to view data for vehicles not featured in the table.
Don’t see insurance cost for your luxury SUV? No sweat! Enter your zip code at the bottom of the above table and click the orange ‘GO’ button to get cheap Fairbanks car insurance quotes from the best companies in Alaska.
Cheapest pickup insurance rates in Fairbanks, AK
The Chevrolet Colorado ranks at #1 for the lowest-cost pickup truck to insure in Fairbanks, followed by the Nissan Titan, Nissan Frontier, Ford Ranger, and Ford Maverick. The 2024 model averages $1,910 per year for full-coverage insurance.
Not the cheapest pickups to insure, but still very reasonable, are trucks like the Hyundai Santa Cruz, GMC Canyon, Honda Ridgeline, and Toyota Tacoma, with average insurance cost of $2,234 per year or less.
Auto insurance rates for this segment in Fairbanks for a safe driver will start around $159 per month, depending on where you live and the company you use. The table below ranks the pickups with the cheapest insurance in Fairbanks, starting with the Chevrolet Colorado at $159 per month and ending with the Ram Truck at $209 per month.
| Make and Model | Vehicle Size | Annual Premium | Cost Per Month |
|---|---|---|---|
| Chevrolet Colorado | Midsize | $1,910 | $159 |
| Nissan Titan | Full-size | $2,034 | $170 |
| Nissan Frontier | Midsize | $2,054 | $171 |
| Ford Ranger | Midsize | $2,074 | $173 |
| Ford Maverick | Midsize | $2,106 | $176 |
| Honda Ridgeline | Midsize | $2,154 | $180 |
| Hyundai Santa Cruz | Midsize | $2,192 | $183 |
| Toyota Tacoma | Midsize | $2,200 | $183 |
| GMC Sierra 2500 HD | Heavy Duty | $2,210 | $184 |
| GMC Canyon | Midsize | $2,234 | $186 |
| Jeep Gladiator | Midsize | $2,290 | $191 |
| GMC Sierra 3500 | Heavy Duty | $2,300 | $192 |
| Chevrolet Silverado HD 3500 | Heavy Duty | $2,320 | $193 |
| Chevrolet Silverado HD 2500 | Heavy Duty | $2,382 | $199 |
| GMC Sierra | Full-size | $2,398 | $200 |
| Chevrolet Silverado | Full-size | $2,400 | $200 |
| Nissan Titan XD | Heavy Duty | $2,402 | $200 |
| Ford F150 | Full-size | $2,432 | $203 |
| GMC Hummer EV Pickup | Full-size | $2,492 | $208 |
| Ram Truck | Full-size | $2,512 | $209 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle and also for all Fairbanks, AK Zip Codes. Updated June 26, 2025
For more pickup insurance comparisons, see our guides for midsize pickup insurance and large pickup insurance.
Don’t see insurance rates for your pickup? That’s no problem! Enter your zip code at the bottom of the table and click the orange ‘GO’ button to get free Fairbanks car insurance quotes from the best companies in Alaska.
Cheapest sports car insurance rates in Fairbanks
The top five models for the lowest-cost Fairbanks car insurance rates in the performance and sports car segment are the Ford Mustang, BMW Z4, Subaru WRX, Mazda MX-5 Miata, and Toyota GR86. Auto insurance quotes for these models average $2,436 or less per year.
Other cars that have cheaper rates include the Nissan Z, Subaru BRZ, Lexus RC F, and BMW M2, with average cost of $2,598 per year or less.
On a monthly basis, car insurance rates in this segment can cost as low as $168 per month, depending on where you live. The next table ranks the sports cars with the cheapest insurance in Fairbanks, starting with the Mazda MX-5 Miata at $168 per month and ending with the Porsche Taycan at $307 per month.
| Make and Model | Vehicle Type | Annual Premium | Cost Per Month |
|---|---|---|---|
| Mazda MX-5 Miata | Sports Car | $2,010 | $168 |
| Toyota GR86 | Sports Car | $2,288 | $191 |
| Ford Mustang | Sports Car | $2,386 | $199 |
| BMW Z4 | Sports Car | $2,400 | $200 |
| Subaru WRX | Sports Car | $2,436 | $203 |
| Toyota GR Supra | Sports Car | $2,438 | $203 |
| BMW M2 | Sports Car | $2,510 | $209 |
| Nissan Z | Sports Car | $2,516 | $210 |
| Lexus RC F | Sports Car | $2,568 | $214 |
| Subaru BRZ | Sports Car | $2,598 | $217 |
| BMW M3 | Sports Car | $2,742 | $229 |
| Porsche 718 | Sports Car | $2,796 | $233 |
| Chevrolet Camaro | Sports Car | $2,822 | $235 |
| Chevrolet Corvette | Sports Car | $3,010 | $251 |
| Porsche 911 | Sports Car | $3,110 | $259 |
| BMW M4 | Sports Car | $3,240 | $270 |
| Lexus LC 500 | Sports Car | $3,256 | $271 |
| Jaguar F-Type | Sports Car | $3,426 | $286 |
| Mercedes-Benz AMG GT53 | Sports Car | $3,594 | $300 |
| Porsche Taycan | Sports Car | $3,678 | $307 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle and also for all Fairbanks, AK Zip Codes. Updated June 26, 2025
Is your vehicle not in the list? No sweat! 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 companies in Fairbanks.
Tips for finding cheaper Fairbanks auto insurance quotes
Fairbanks drivers are often looking to cut the monthly cost of insurance, so run through the tips and ideas below to see if you can save some money when buying car insurance.
- Get better rates due to your employment. Just about all auto insurance companies offer policy discounts for earning a living in occupations like high school and elementary teachers, emergency medical technicians, firefighters, engineers, doctors, and others. Being employed in a qualifying occupation could potentially save between $65 and $211 on your yearly car insurance bill, depending on the policy coverages.
- Don’t be a negligent driver. Causing frequent accidents will increase insurance cost, potentially by an additional $3,098 per year for a 20-year-old driver and even $902 per year for a 40-year-old driver. So drive safe and save!
- Improve your credit rating to save on insurance. Having an excellent credit score over 800 may save $341 per year versus a slightly lower credit rating between 670-739. Conversely, a credit rating below 579 could cost up to $395 more per year. Not all states use credit score as a rating factor, so check with your agent or company.
- Shop around and save. Setting aside a few minutes to get free car insurance quotes is our best recommendation for saving money. Rates change often and you do not even have to wait until your policy renewal date to switch.
- A good driving record pays dividends. In order to have the cheapest car insurance in Fairbanks, it’s necessary to be a good, safe driver. Just a few driving offenses have the ramification of raising car insurance rates by up to $576 per year. Serious citations such as hit-and-run, DUI or reckless driving could raise rates by an additional $2,018 or more.
- Compare insurance cost before buying a car. Different models, and even different trim levels of the same model, have very different car insurance rates, and car insurance companies can sell policies with very different rates. Get multiple insurance quotes before you buy a different vehicle in order to prevent insurance sticker shock when insuring your new vehicle.
- Get cheaper rates by researching policy discounts. Discounts may be available if the insured drivers are homeowners, belong to certain professional organizations, are good students, are claim-free, insure their home and car with the same company, or many other policy discounts which could save the average Fairbanks driver as much as $368 per year.