best home insurance in alaska


Best Home Insurance in Alaska - Home Insurance


Based on 2020 data, the average annual premium for homeowners in Alaska based on a home with $250,000 coverage is $1,059. For homeowners everywhere, finding home insurance can be a difficult process that takes time, research, and effort. But Alaskan homeowners face another challenge. Many of the largest US insurers, including Nationwide and Progressive, do not offer insurance there. With such limited options, finding the best home insurance in Alaska is not always easy.

Despite the lack of insurance options, owning a home in Alaska is by no means uncommon. According to U.S. Census data, about two-thirds of Alaskan households own their own homes, making her 205 million total. But the National Association of Insurance Supervisors reports that insurers paid him only $1.6 trillion in property insurance premiums to Alaskans in 2018. That may seem like a lot, but Alaska is her second-most insured state for homeowners compared to the rest of the nation. . Guidelines.

Many Alaskan homeowners are underinsured, but you don’t have to be one of them. We have selected the best home insurance companies in Alaska to help you find coverage.

best home insurance company in alaska

Not all home insurance companies offer service in Alaska, but there are still plenty of reputable companies to choose from. To find the best home insurance in Alaska, first choose a provider by identifying a company that offers reliable statewide coverage, quality discounts, and additional coverage options, then JD Power & We used external rating agencies such as Associates to determine which providers offer the best customers. satisfaction. We also analyzed his 2021 average rate data from Quadrant Information Services.

home insurance company Average Annual Household Premium $250,000 JD Power Customer Satisfaction Index
statewide $1,356 829 / 1,000
district farm $1,280 829 / 1,000
united states of america $1,181 889 / 1,000

statewide

Allstate excels at customizable policies for each property type. Eligible customers can take advantage of optional coverage to protect sporting equipment, landscaping, business assets, and even electronic identities and data.

district farm

One of Alaska’s largest home insurance companies, State Farm provides insurance to protect homes and property from the state’s most common hazards, including snow and ice, frozen plumbing and fire. You can save money by combining home and car insurance, installing a home security system or a vandal-resistant roof.

united states of america

The USAA is often barred from official endorsement due to the fact that it only creates policies for service members and their eligible family members, but this provider deserves a mention. It has military bases and is home to approximately 27,000 military personnel. If you or a family member are among them, this is certainly a home insurance provider to consider.USAA has consistently been rated highly for its excellent customer service and has been awarded a perfect five star rating by JD Power winning and beating all other competitors on the list.

Average cost of home insurance in Alaska

Getting a home insurance quote in Alaska is not always easy. Even insurers that offer online listings in other states often ignore this service for Alaskan homes, preferring to work with independent agents in the region. That means you’ll probably need to make a few phone calls to get a quote for home insurance.

As a rule of thumb, the average home insurance cost in Alaska is $1,059 compared to the national average of $1,445. It’s hard to compare this to other states since Alaska isn’t nearby. However, the Washington average is $975, while the Oregon average is $776.

Alaska Home Insurance Considerations

Common Causes of Casualties in Alaska

Alaska’s geographic location means weather is one of the top concerns for homeowners. Alaska is known for having extreme winter conditions year-round. But what you may not know is that some parts of the state are concerned about the effects of dry heat even in the summer. His 2019 wildfire season in Alaska set a record with more than 2.5 million acres burned. The most common causes of injury in Alaska are:

  • Forest fire
  • shiver
  • flood

Common toppings in Alaska

Due to Alaska’s proximity to the Arctic Circle, homes in Alaska often experience extreme weather conditions not found in other states. For complete protection from the most common northernmost state hazards, many Alaskans consider these covers:

  • Adding life insurance: This allows you to reimburse living expenses such as hotels and meals if your home becomes uninhabitable.
  • Apartment covers: This helps protect the physical structure of your home, including frames, roofs, walls, doors and windows.
  • Guest medical protection: This covers medical expenses for anyone injured on your property.
  • Liability protection: If someone sues you for personal injury or property damage, we will pay your attorney’s fees and all damages.
  • Other structures: If your home has a shed, detached garage, or guesthouse, this type of cover will protect them as well.
  • Coverage for personal property: This applies to your home and personal items.

Frequently Asked Questions

How do I get home insurance in Alaska?

To get home insurance in Alaska, you first need to find out which companies sell insurance in your zip code. You may need to work with a local independent insurance agent who can help you navigate in and out of Alaska homeowners insurance policies.

How much does home insurance cost in Alaska?

According to the Insurance Information Institute, the average annual cost of home insurance in Alaska is $1,059.

Do you need home insurance in Alaska?

Data shows that homeowners in Alaska are underinsured, but it’s always a good idea to get homeowners insurance. A policy can protect you from costs such as weather damage, theft, and lawsuits.

methodology

Business Insurance uses Quadrant Information Services to analyze rates for all zip codes and carriers in all 50 states and Washington, DC. The tariffs awarded are based on male and female owners aged 40+ with perfect billing history, good credit standing, and coverage below.

  • Cover A, Residence: $250,000
  • Cover B, other structures: $25,000
  • Cover C, private property: $125,000
  • Cover D, disabled: $50,000
  • Cover E, Liability: $300,000
  • F Compensation, medical expenses: $1,000

Owner has a $1,000 deductible plus wind and hail (if required) There is also a separate deductible for

These are sample rates and should only be used for comparison purposes. Offers may vary.

Pricing is determined based on 2020 Quadrant Information Services data.

About the author


Ashley Hubbard

Ashley Hubbard
Ashley Hubbard has two years of writing experience in the insurance field, including auto and property insurance for Bankrate.com. He also worked in the industry as a crash calculator and in various workshops.

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