Car Insurance Cost in Fairbanks, AK (2024 Rates + Cheapest)

• Average car insurance cost in Fairbanks is $1,606 per year, or about $134 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 $1,606 per year, which is 15.9% less than the national average rate of $1,883. The average cost per month for car insurance in Fairbanks is $134 for a policy that provides full coverage.

The average price for car insurance in Alaska is $1,484 per year, so Fairbanks, AK, drivers pay an average of $122 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 $270 per year more than in Sitka, $294 per year more expensive than in Ketchikan, and $172 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 $134, and ranges from $111 to $308 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 – $5,714 per year or $476 per month
• 17-year-old driver – $5,536 per year or $461 per month
• 18-year-old driver – $4,965 per year or $414 per month
• 19-year-old driver – $4,517 per year or $376 per month
• 20-year-old driver – $3,228 per year or $269 per month
• 30-year-old driver – $1,712 per year or $143 per month
• 40-year-old driver – $1,606 per year or $134 per month
• 50-year-old driver – $1,424 per year or $119 per month
• 60-year-old driver – $1,332 per year or $111 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 $109 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 Kia Niro.

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 $1,374 or less per year ($115 per month).

The table below lists the 25 cars, trucks, and SUVs with the cheapest insurance rates in Fairbanks, ordered starting with the cheapest.

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 $1,396 per year to the Toyota Mirai at $1,998 per year, a difference of $602 within that segment. For another example, in the large luxury SUV segment, the average insurance cost ranges from the Infiniti QX80 at $1,798 per year up to the Mercedes-Benz G63 AMG costing $3,450 per year, a difference of $1,652 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 $1,396 per year, Nissan Leaf at $1,404 per year, Honda Civic at $1,420 per year, and Nissan Sentra at $1,470 per year.

Not the cheapest cars to insure, but still affordable, are cars like the Hyundai Ioniq 6, Honda Accord, Toyota Prius, and Kia K5, with an average cost to insure of $1,556 per year or less.

Ranking between positions 10 and 20, cars like the Mazda 3, Kia Forte, Subaru Legacy, Nissan Versa, Hyundai Sonata, and Volkswagen Jetta average between $1,556 and $1,660 per year for insurance.

Full-coverage car insurance in Fairbanks for this segment for a good driver can cost as low as $116 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 $1,396 per year. For midsize cars, the Hyundai Ioniq 6 has the cheapest rates at $1,476 per year. And for large cars, the Chrysler 300 is the cheapest model to insure at $1,524 per year.

The next table ranks the twenty cars with the lowest-cost insurance rates in Fairbanks, starting with the Toyota GR Corolla at $116 per month and ending with the Mazda 3 at $138 per month.

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 $1,186 per year. Second place is the Chevrolet Trailblazer costing $1,206 per year, coming in third is the Kia Soul, costing an average of $1,250 per year, and in fourth place is the Nissan Kicks, costing an average of $1,262 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 $1,314 per year or less.

From a monthly standpoint, auto insurance on this segment in Fairbanks for a safe driver can cost as low as $99 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 $1,186 per year. For midsize models, the Honda Passport is cheapest to insure at $1,278 per year. And for full-size non-luxury SUVs, the Chevrolet Tahoe has the cheapest car insurance rates at $1,504 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 $99 per month and ending with the Honda HR-V at $116 per month.

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 $1,424 per year, BMW 330i at $1,632 per year, Mercedes-Benz CLA250 at $1,650 per year, and Lexus IS 300 at $1,654 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 $1,686 per year or less.

Car insurance rates in this segment will start around $119 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 $1,424 per year. For midsize luxury cars, the Mercedes-Benz CLA250 is cheapest to insure at $1,650 per year. And for large luxury cars, the Audi A5 has the most affordable rates at $1,900 per year.

The next table ranks the luxury cars with the most affordable car insurance in Fairbanks.

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 $1,342 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 $1,546 per year or less.

Auto insurance for this segment in Fairbanks for a good driver will start around $112 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 $1,342 per year, or $112 per month. For midsize luxury SUV models, the Jaguar E-Pace is cheapest to insure at $1,500 per year, or $125 per month. And for full-size luxury SUV models, the Infiniti QX80 is cheapest to insure at $1,798 per year, or $150 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 $1,342 per year and ending with the Lexus NX 350 at $1,608 per year.

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 $1,374 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 $1,652 per year or less.

Auto insurance rates for this segment in Fairbanks for a safe driver will start around $115 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 $115 per month and ending with the Ram Truck at $155 per month.

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 $1,800 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 $1,918 per year or less.

On a monthly basis, car insurance rates in this segment can cost as low as $124 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 $124 per month and ending with the Porsche Taycan at $227 per month.

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 $48 and $156 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 $2,290 per year for a 20-year-old driver and even $666 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 $252 per year versus a slightly lower credit rating between 670-739. Conversely, a credit rating below 579 could cost up to $292 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 $426 per year. Serious citations such as hit-and-run, DUI or reckless driving could raise rates by an additional $1,488 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 $272 per year.