The Best and Cheapest Home Insurance Companies in Alaska
Country Financial has the cheapest home insurance in Alaska, offering coverage at an average rate of $948 per year.
Compare Home Insurance Quotes from Providers in Alaska
Home insurance prices in Alaska average $1,307 per year, but cost is only one of the several major factors that determine the best home insurance policy. We collected thousands of quotes from across Alaska's top home insurance companies to determine how they compared in terms of cost, reliability, coverage benefits and customer service.
Best cheap home insurance in Alaska
Cheapest home insurance quotes in Alaska
The cheapest yearly rate for home insurance in Alaska is offered by Country Financial for $948 a year.
Compare Home Insurance Quotes from Companies in Alaska
The average annual rate for home insurance in Alaska is $1,307, which is 14% higher than the average national cost of $1,516.
Cheap annual home insurance in Alaska
Company | Annual rate | |
|---|---|---|
| Country Financial | $948 |
| Umialik | $1,012 |
| State Farm | $1,146 |
| Allstate | $1,313 |
| USAA | $2,118 |
Best home insurance for most people: Country Financial
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Editor rating
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Annual rate
$948 ?
Pros and cons
The best homeowners insurance for most people in Alaska is Country Financial due to its affordable rates, wide coverage options and good customer service.
Country Financial also offers a variety of discounts, which could make it even more affordable. Country Financial has excellent customer service, and because you'll have your own agent, you’ll get personalized guidance through filing your claims.
Country Financial doesn’t offer much in the way of customized coverage, with three main options: basic, combined or premier. However, you can get some additional coverage. Country Financial has an average annual rate under $1,000 and offers all the standard coverages you'd expect from a home insurance policy.
- Repair your home for damage from fire, storms, etc.
- Pay medical bills for visitors injured in your home
- Help rebuild your home if it's destroyed
- Protect against physical damage to the structure or your belongings
For solid customer service, low rates, and personalized service, Country Financial is a great options for most homeowners in Alaska.
Best for local homeowners insurance: Umialik
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Editor rating
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Annual rate
$1,012 ?
Pros and cons
Umialik Insurance Company offers the best coverages for Alaska-specific concerns, such as coverage for snowmobiles, protection against animals or earthquake coverage. A standard home insurance policy from Umialik also provides protection for everyday problems like fire, theft or storms.
You can purchase coverage for an average of $1,012 per year—about 23% cheaper than Alaska's average price of homeowners insurance.
Umialik also has a variety of discounts that could help lower your rates even more. You could save money if you:
- Own a newer home built in the past 15 years
- Update your home's electrical, heating and cooling systems
- Bundle auto insurance coverage from Umialik
- Have a highly rated roof or siding material on your home
However, Umialik isn't one of the most convenient companies to work with. There's very little information on Umialik's website, though you can pay your bills online and even schedule automatic payments online. You have to contact an agent to get details about your policy and get a quote or sign up for a policy.
Best for customer support in Alaska: State Farm
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Editor rating
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Annual rate
$1,146 ?
Pros and cons
State Farm provides good overall coverage for Alaska homeowners, along with a 12% savings compared to Alaska’s statewide average. In addition to affordable rates, it offers strong customer service and a personal agent that allows for easy and convenient claims filing.
State Farm doesn’t offer many discounts to their customers, but with their affordable overall rates, customers can still afford to get any needed add-ons to their policy.
With State Farm's great coverage, strong customer service and national name, they are an excellent choice if you value convenience and great service.
Alaska home insurance rates by city
The town of Sitka has Alaska’s cheapest home insurance rate at $914 per year, while Tununak has the most expensive rate of $1,954.
Anchorage, the most populated city in Alaska, has an average rate of $1,065, 19% below the state average. Juneau, the second-largest city, has rates at 22% cheaper than the average rate of $1,674.
City | Average annual rate | Percent from average |
|---|---|---|
| Adak | $1,203 | -8% |
| Akiachak | $1,401 | 7% |
| Akiak | $1,401 | 7% |
| Akutan | $1,177 | -10% |
| Alakanuk | $1,152 | -12% |
Best-rated home insurance companies in Alaska
USAA and State Farm offers the best customer service for home insurance in Alaska thanks to cheap rates, good coverage and strong customer support.
Country Financial also has strong customer ratings in the state. USAA is only available to members of the military and some members of their families.
Company |
Rating
|
|---|---|
| USAA | |
| State Farm | |
| Country Financial | |
| Allstate |
Most common home insurance risks in Alaska: freezing temperatures and earthquakes
Alaska has the most earthquakes of anywhere else in the nation, and is the only state with a subarctic climate.
Freezing temperatures
Alaska is the only state with a subarctic climate. Fortunately, most homeowners insurance policies protect against damage to your home from frozen pipes, such as system breakdowns and water damage.
Damage to your property because of freezing is usually covered as long as you tried to heat the location where the damage occurred and shut off your water when you became aware of the issue.
If Alaska's cold weather damages your plumbing and you have to make a claim, an adjuster will visit your home to make sure you took the proper precautions to prevent damage. However, if there are signs your pipes were in poor condition prior to damage occurring, or if the damage was the result of the pipes' old age, you wouldn't be covered.
Earthquakes
Since Alaska has the most earthquakes of anywhere in the country, it's a good idea to consider earthquake insurance, which isn't covered by a standard home insurance company. According to the Alaska Earthquake Center, more than 250,000 quakes shook the state in just the past five years— 75% of these with a magnitude over 5.
Frequently asked questions
How much is home insurance in Alaska?
The average cost of homeowners insurance in Alaska is $1,307 per year, or $109 a month. That's 14% lower than the national average cost of home insurance, at $1,516.
Who has the cheapest home insurance in Alaska?
Country Financial has the cheapest home insurance rates for Alaska residents at around $79 a month, making it 28% cheaper than the state average of $109.
Who has the best home insurance in Alaska?
Country Financial is the best home insurance for most homeowners in Alaska due to their affordable rates, good coverages and personal agent support.
Methodology
To compare the rates of Alaska’s largest home insurance companies, we requested quotes from every ZIP code in Alaska using a profile for a property insured for $229,700 and built in 1977 — the median value of homes in Alaska and the year they were built.
ValuePenguin’s analysis used insurance rate data from Quadrant Information Services, which are publicly sourced from insurance filings. These should only be used for comparative purposes.
Home insurance ratings are based on complaint data from the National Association of Insurance Commissioners (NAIC), as well as the J.D. Power customer satisfaction survey and ValuePenguin’s own editorial ratings.