What Used Cars are the Cheapest to Insure in Alaska?
Want to know the cheapest pre-owned vehicle to insure in Alaska? We researched insurance quotes in the state to save you the effort!
This article covers insurance basics for the state of Alaska and tips to save money on premiums. We also found the best insurance companies and answered frequently asked questions!
Alaska Cheapest Used Cars To Insure
We identified 45 vehicles from 2021 with great safety ratings and low insurance rates. We then used an insurance quote generator and a basic driver profile to look for the cheapest vehicles to insure in Alaska. Here are the top three.
1. 2021 XC60 by Volvo
The cheapest vehicle to insure in Alaska is the 2021 Volvo XC60. This midsize, four-door SUV costs $85 to insure with full coverage. That’s $77 cheaper than the state average. A liability-only policy costs $51 per month.
The Volvo XC60 is one of the safest models from 2021. The vehicle gets up to 22 mpg on city streets and up to 29 mpg on the highway, and it won a Top Safety Pick+ award from the Insurance Institute for Highway Safety (IIHS). It also has a hybrid option.
2. 2021 Bronco Sport by Ford
The second-cheapest vehicle to insure in Alaska is the 2021 Ford Bronco Sport. This four-door SUV costs $88 to insure with a full coverage policy, which is $74 cheaper than the state average. A liability-only policy costs $51 monthly.
The Bronco Sport seats five people and gets 25 mpg on city streets and 28 mpg on the highway. It’s also a Top Safety Pick+ winner, thanks to its safety features and crash test results.
3. 2021 Palisade by Hyundai
The 2021 Hyundai Palisade is the third-cheapest used vehicle to insure in Alaska, with a monthly cost of $94 for a full-coverage policy. That’s $68 cheaper than the state’s average full-coverage insurance policy. You can also secure a liability-only policy for $55 monthly.
The Hyundai Palisade has great safety test results, proven by its Top Safety Pick+ award. It also gets 19 mpg on city streets and up to 26 mpg on the highway.
The 45 Cheapest Used Vehicles to Insure in Alaska
We used the Insurance Institute for Highway Safety’s 2021 Top Safety Pick+ list to identify vehicles with low insurance rates and gather policy estimates for full coverage and liability-only coverage in Alaska. In this table, 45 vehicles are ranked lowest to highest for full-coverage policy costs.
| Year | Make | Model | Full Coverage | Liability Only |
|---|---|---|---|---|
| 2021 | Volvo | XC60 | $85 | $51 |
| 2021 | Ford | Bronco Sport | $88 | $51 |
| 2021 | Hyundai | Palisade | $94 | $55 |
| 2021 | Mazda | CX-30 | $94 | $55 |
| 2021 | Volvo | XC90 | $100 | $50 |
| 2021 | Volvo | XC40 | $104 | $57 |
| 2021 | Subaru | Forester | $105 | $58 |
| 2021 | Subaru | Outback | $105 | $60 |
| 2021 | Subaru | Crosstrek | $106 | $60 |
| 2021 | Cadillac | XT6 | $108 | $63 |
| 2021 | Mazda | CX-9 | $109 | $57 |
| 2021 | Honda | Odyssey | $110 | $61 |
| 2021 | Hyundai | Tucson | $110 | $62 |
| 2021 | Honda | Accord | $110 | $62 |
| 2021 | Honda | Civic | $112 | $64 |
| 2021 | Mazda | CX-3 | $114 | $68 |
| 2021 | Mazda | CX-5 | $114 | $67 |
| 2021 | Chrysler | Pacifica | $115 | $64 |
| 2021 | Toyota | Highlander | $116 | $65 |
| 2021 | Toyota | Sienna | $117 | $71 |
| 2021 | Hyundai | Santa Fe | $118 | $71 |
| 2021 | Volkswagen | ID.4 | $119 | $67 |
| 2021 | Subaru | Legacy | $120 | $67 |
| 2021 | Nissan | Murano | $120 | $66 |
| 2021 | Ford | Explorer | $122 | $69 |
| 2021 | Lexus | NX 300 | $123 | $68 |
| 2021 | Chevrolet | Trailblazer | $124 | $71 |
| 2021 | Acura | RDX | $124 | $68 |
| 2021 | Subaru | Ascent | $127 | $69 |
| 2021 | Nissan | Rogue | $128 | $71 |
| 2021 | Honda | Insight | $129 | $73 |
| 2021 | Mazda | 3 | $131 | $72 |
| 2021 | Mazda | 6 | $132 | $70 |
| 2021 | Volvo | S90 | $137 | $61 |
| 2021 | Toyota | Camry | $139 | $75 |
| 2021 | Volvo | S60 | $139 | $67 |
| 2021 | Kia | K5 | $142 | $79 |
| 2021 | Mitsubishi | Outlander | $142 | $77 |
| 2021 | Volvo | V60 | $143 | $76 |
| 2021 | Kia | Stinger | $148 | $78 |
| 2021 | Lexus | ES 350 | $152 | $70 |
| 2021 | Acura | TLX | $157 | $86 |
| 2021 | Nissan | Altima | $159 | $83 |
| 2021 | Nissan | Maxima | $162 | $77 |
| 2021 | Lexus | IS 300 | $175 | $85 |
Full Coverage vs. Liability Insurance Costs
Liability-only coverage is cheaper than full coverage. Liability insurance covers accidents you are responsible for and does not cover situations such as theft or vandalism. The following chart shows the average monthly costs for insurance policies in Alaska.
| Full-coverage policy | Liability-only policy |
|---|---|
| $162 per month | $35 per month |
The Best Alaska Car Insurance Companies
The three best automobile insurance companies in Alaska are Premera Blue Cross Group, Allstate Insurance Group, and United Services Automobile Association.
We identified these insurance companies by accessing the Alaska complaint records. We examined the insurance’s market share, percentage of total complaints, and the ratio of complaints to market share to determine which insurance companies made consumers happiest.
We specifically focused on companies with a market share of at least 2%.
Companies with lower market-share-to-complaint ratios indicate fewer complaints and happier claimants. You can see all of the rankings below.
| Insurance Company | Market Share | Percent of Total Complaints | Ratio of Complaints to Market Share |
|---|---|---|---|
| Allstate Insurance Group | 2.7% | 5.0% | 1.9 |
| Berkshire Hathaway Group | 3.0% | 7.5% | 2.5 |
| Premera Blue Cross Group | 23.1% | 12.5% | 0.5 |
| State Farm | 6.4% | 12.5% | 2.0 |
| United Services Automobile Association | 3.6% | 5.0% | 1.4 |
Tips To Lower Insurance Premiums in Alaska
Drivers in Alaska can follow these tips to maximize discounts and minimize insurance premiums:
- Comparison shop for different policies and adjust your deductibles to assess your premium price options.
- Look for insurance companies that offer discounts for taking driver’s training courses.
- Maintain a clean driving record and avoid traffic tickets.
- Appeal traffic violations in court to avoid premium price increases.
Research Methodology
We used an Alaska address to help drivers find affordable used vehicle insurance. Since we used Alaska data, our information is more accurate than the national data. Insurance premiums vary from state to state.
Using a basic driver profile and an Alaska address, we input the 45 vehicles listed above into an insurance quote generator. This is the information we used:
Basic Driver Profile
- 35-year-old male with a bachelor’s degree
- Single and employed full time
- Homeowner but did not bundle policies
- Owns the vehicle rather than leases or finances it
- Has been with the current insurance carrier for five or more years
We used vehicles on the IIHS 2021 Top Safety Pick+ 2021 list. The IIHS is an independent, nonprofit organization that collects safety data for cars on the market.
We used the following limits for liability-only quotes:
- $100,000/$300,000 liability limits
- $100,000 property damage limits
- $10,000 personal injury protection
For the full-coverage quotes, we included the following coverages with the liability selections:
- $1,000 deductible on collision coverage
- $1,000 deductible for comprehensive coverage
- $50/$1,500 rental reimbursement
- $100 roadside assistance
Frequently Asked Questions
What is the cheapest SUV to insure in Alaska?
The Volvo XC60 is the cheapest SUV to insure in Alaska. The cost of a full-coverage policy is $85 per month. You can get a liability-only policy for $51 monthly.
Are older cars cheaper to insure?
Older cars are more affordable for monthly insurance policies. This is because older cars cost much less to replace than newer vehicles, so insurance companies take on a lower financial risk.
How much liability insurance is required in Alaska?
In Alaska, all drivers must maintain liability insurance amounting to $50,000 per person and $100,000 per accident. In addition, drivers must have $25,000 insurance for property damage.
What is the penalty for driving without insurance in Alaska?
Drivers who fail to maintain the minimum required insurance may have their driver’s license suspended and their vehicle impounded. They may have to pay a fine and show proof of insurance to reinstate their license.
What is the basic insurance for a car?
Liability insurance is the basic auto insurance. It covers bodily injury, death, and property damage a driver caused. Liability does not cover theft or vandalism to a driver’s own vehicle. Some lenders require comprehensive collision coverage if a driver chooses to finance their vehicle.
What car has the highest insurance rates?
Rare vehicles, sports cars, and luxury automobiles have the highest insurance rates. This is because those cars typically cost more to replace if they are totaled.
References
- (2022.) 2021 Top Safety Picks. IIHS. Retrieved April 2, 2023, from https://www.iihs.org/ratings/top-safety-picks/2021
- (2023.) Mandatory Insurance. Division of Motor Vehicles. Retrieved April 2, 2023, from https://doa.alaska.gov/dmv/faq/manins.htm
- (2023.) Average Cost of Car Insurance in Alaska in 2023. BankRate. Retrieved April 2, 2023, from https://www.bankrate.com/insurance/car/average-cost-of-car-insurance-in-alaska/
- (2019.) Consumer Complaints 2018. Alaska Division of Insurance. Retrieved April 2, 2023, from https://www.commerce.alaska.gov/web/Portals/11/Pub/INS_2019.AnnualReport.pdf#page=12
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.
