Who Has The Cheapest Motorcycle Insurance In Alaska?

Riders in Alaska have limited options, as some companies do not offer policies in the state. We gathered quotes from across Alaska to identify the top insurance companies to fit your needs.

The cheapest motorcycle insurance companies in Alaska

Progressive has the best motorcycle insurance rates in Alaska, at an average cost of $406 per year. Geico is the second-cheapest option at $437 per year.

Cheapest motorcycle insurance companies in Alaska

Best motorcycle insurance for most people: Progressive

Progressive comes in as a top option for most motorcycle drivers in Alaska. It delivers the most affordable rates and also has a strong set of coverages and discounts.

The average rate of $406 for an annual full coverage policy with Progressive is 15% lower than the state average. Progressive is also 7% cheaper than the next-closest competitor, Geico.

Progressive's standard coverage also automatically comes with a set of protections that often cost extra with other insurers. These include full replacement cost coverage, original equipment manufacturer (OEM) parts and $3,000 in coverage for accessories and custom parts.

The company offers a disappearing deductible, which means your deductible drops 25% for each year you don't have an accident. Riders can also save with automatic payments and for being part of the Harley Owners Group.

Although Progressive doesn't have industry-leading customer service, it does rank well. The company has a National Association of Insurance Commissioners (NAIC) complaint index of 0.89, which means it has 11% fewer complaints than would be expected for a company of its size.

Best customer service: Geico

Customer service becomes crucial in the event of an accident or a claim, and Geico can offer motorcycle riders peace of mind on that front. The company draws notably fewer customer complaints than some other large insurers and has competitive rates.

The NAIC complaint index for Geico is 0.64, which means it received only about 64% of the expected number of complaints for a company its size. That points to customers being more satisfied with their experience.

The company's average rate is only 7% more expensive than Progressive's and still 9% cheaper than average.

Some of Geico's coverage options include roadside assistance and coverage for accessories. Riders can get discounts for bundling policies, teaching safety courses, just being an older rider or installing a recovery device on their bike.

Best for military families: USAA

Despite being the third-least populous state in the U.S., Alaska ranks in the top 20 for military servicemen and servicewomen stationed within its borders. Those members, veterans and some of their family members can get good deals and strong customer service available to only a limited group.

USAA partners with Progressive for its motorcycle coverage, providing Progressive policies with a 5% discount. That means a lower price for the company's strong set of coverage options.

USAA does not primarily work through agents, and in a more remote state, like Alaska, you will likely not be able to purchase your coverage in person.

The best-rated Alaska motorcycle insurers

Many insurers don't offer coverage in Alaska, but among the ones that do, Geico has some of the best customer service ratings you'll find. That aspect of your policy will matter in a big way if you get into an accident, especially if you're at fault.

State Farm is also a strong option for customer service. However, you will need to work through an agent, as the company does not offer quotes online for motorcycle coverage.

Quality of customer service is a key part of your experience with a motorcycle insurance company and should be factored into your purchase decision. Two important ways we measure a company's service are the AM Best financial strength rating and the complaint index issued by the NAIC.

The NAIC complaint index compares the number of complaints about a company to its share of the market. Lower numbers indicate better performance, and the average score is 1.00. A company with a better AM Best rating has a stronger financial footing, meaning it's in a better position to pay out claims in tough economic conditions.

The NAIC combines car and motorcycle insurance into a single industry category. This means the scores are based on each company's combined policies for motorcycles and cars.

Alaska motorcycle insurance costs by city

Where you live will have a notable impact on your motorcycle insurance rates. We looked at the data to see where the most expensive and cheapest rates can be found in Alaska.

Fairbanks is the most expensive at $521 per year, while 22 smaller towns are tied for the cheapest at $469 per year.

Alaska motorcycle insurance requirements

Alaska motorcycle drivers have to purchase a certain level of insurance to drive legally. The minimum requirements in the state are the same as the requirements for a car or truck.

The state only requires those minimum limits, but we suggest you purchase more coverage if you can.

Methodology

We collected motorcycle insurance quotes from three major motorcycle insurance companies that serve Alaska. Our sample rider was a 45-year-old man who rides a 2021 Harley-Davidson Street Glide. The coverage limits used, which are greater than the state minimums, were: