Who Has The Cheapest Renters Insurance Quotes in Alaska?
Allstate has the cheapest renters insurance quotes in Alaska, at $11 per month.
Compare Cheap Renters Insurance in Alaska
Cheapest renters insurance in Alaska
The average renters insurance cost in Alaska is $22 per month, or $267 per year.
Allstate has the most affordable renters insurance coverage in Alaska, with an average annual rate of $126 per year. That's $141 per year cheaper than the statewide average.
Compare Cheap Renters Insurance in Alaska
Alaska renters should compare quotes from State Farm, too. Renters insurance from State Farm costs $158 per year — $109 cheaper than the average price in Alaska.
Cheapest renters insurance companies in Alaska
Company | Monthly cost | |
|---|---|---|
| Allstate | $11 |
| State Farm | $13 |
| Geico | $25 |
| Assurant | $30 |
| Progressive | $33 |
Best renters insurance for most people: State Farm
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Editor rating
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Average monthly rate
$13 ?
Pros and cons
State Farm offers the best renters insurance for most renters living in Alaska. A policy from State Farm costs an average of $13 per month. That's 41% cheaper than the average price of insurance across the state.
In addition, Alaska renters can expect a great customer service experience from State Farm. The company receives fewer customer complaints than an average insurer its size, according to the National Association of Insurance Commissioners (NAIC). J.D. Power also awarded State Farm an above-average score on its annual customer satisfaction survey.
The coverage provided by a State Farm renters insurance policy is appropriate for most renters. The company also gives renters the option to raise their liability coverage limits and add earthquake or identity theft protection.
However, State Farm doesn't offer some useful add-ons you can find with other insurers, like replacement cost coverage.
Best for cheap renters insurance: Allstate
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Editor rating
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Average monthly rate
$11 ?
Pros and cons
Alaska renters looking for the cheapest insurance coverage should compare quotes from Allstate. An Allstate policy costs $11 per month — 53% cheaper than the statewide average rate.
Renters who have a car can take advantage of Allstate's bundling discount for even more affordable rates. If you purchase a renters and car insurance policy from Allstate, you can usually save between 2 and 3 percent.
However, renters who choose Allstate will be sacrificing customer service for cheap rates. The company receives twice as many complaints as other similar-sized insurers in Alaska, according to the NAIC.
Best renters insurance for military families in Alaska: USAA
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Editor rating
Pros and cons
Military members living in Alaska should consider purchasing renters insurance from USAA. The company offers and expanded coverage, and rates are usually affordable.
Only members of the military, veterans and their families are eligible to purchase a USAA policy. That means many people aren't eligible.
A basic renters insurance policy from USAA includes replacement cost coverage. That means the company will pay you enough to replace any property damaged in covered loss with brand-new items. It also includes earthquake coverage at no additional cost, which means your belongings are protected from earthquake damage.
Alaska renters insurance premiums: cost by city
Renters living in Lakes have the cheapest rates among larger cities in Alaska, while those in Meadow Lakes pay the highest rates.
The cost of renters insurance varies by up to $58 per year across the 25 most populous cities in the state. People living in the most expensive city, Meadow Lakes, can expect to pay $26 per month for renters insurance. On the other hand, renters in Lakes pay around $21 per month for coverage.
City | Average annual cost | Difference from state average (%) |
|---|---|---|
| Anchorage | $266 | -1% |
| Badger | $268 | 0% |
| Bethel | $269 | 0% |
| College | $257 | -5% |
| Fairbanks | $263 | -2% |
Best renters insurance in Alaska
USAA offers the best-rated renters insurance in Alaska.
Renters who are able to buy insurance from USAA can expect an easy claims experience. USAA only receives half as many complaints as other insurance companies in Alaska of a similar size, according to the NAIC. It also received the top score on J.D. Power's annual customer satisfaction survey.
Renters who aren't eligible for USAA can find excellent service from State Farm.
Company |
Rating.
|
|---|---|
| USAA | |
| State Farm | |
| Geico | |
| Progressive | |
| Allstate | |
| Assurant |
Customer service scores are important to consider when shopping for the best renters insurance. A company with great customer service can help you get your life back to normal quickly in an emergency. Poor service can make the claims process difficult, and you may have to wait longer to repair or replace damaged items.
Frequently asked questions
Who has the cheapest renters insurance in Alaska?
Allstate offers the cheapest renters insurance quotes in Alaska. Coverage from Allstate costs $11 per month, on average.
Is renters insurance required in Alaska?
Renters insurance is not legally required in Alaska. However, your property management company or landlord may require you to purchase a policy as a part of your lease agreement.
What does renters insurance cover in Alaska?
The most basic renters insurance policies should offer four main coverages: personal property coverage, liability coverage, medical payments to others and loss of use coverage. Some companies also offer optional add-ons that renters may find useful, like identity theft and replacement cost coverage.
How much does renters insurance cost in Anchorage, AK?
Renters in Anchorage can expect to pay $22 per month for insurance coverage. That's $2 per month more expensive than the Alaska state average. In comparison, people living in Ketchikan pay an average of $21 per month for renters insurance.
Methodology
To compare renters insurance quotes in Alaska, we gathered 118 quotes from addresses in 25 ZIP codes across the state's largest cities. Our sample renter is a 25-year-old male living alone with no history of insurance claims.
Quotes are based on the following limits:
Coverage | Limit |
|---|---|
| Personal property | $30,000 |
| Personal liability | $100,000 |
| Medical payments | $1,000 |
| Deductible | $500 |
The best renters insurance companies in Alaska were determined based on our own ValuePenguin editor's ratings, data from the National Association of Insurance Commissioners (NAIC) complaint index and J.D. Power annual customer satisfaction survey scores.