Alaska Car Insurance
Alaska is one of the smallest States in America with a population just over 680,000 yet has some of the highest mandatory auto insurance requirements in the nation.
Car insurance laws in Alaska require all vehicles to have car insurance and drivers must carry proof of insurance whenever operating a vehicle. Failure to do can result in heavy fines and penalties. Proof of insurance can be a form the car insurance ID card, a copy of the policy or a certificate of self insured issued by the State.
What happens if I drive with No Car Insurance in Alaska?
Any driver involved in a car accident resulting in damages exceeding $501 who does not have auto insurance can face possible suspension of their driver’s license and a mandatory SR-22 form filing requirement to re-instate their license. Driving without auto insurance is also subject to fines and/or penalties even without getting in to an accident.
Alaska Car Insurance Laws
Car insurance is mandatory in Alaska and current (2010) auto insurance requirements as set by Alaska Department of Insurance require all drivers to have at least the following minimum levels of liability coverage:
- $50,000 of bodily injury liability insurance per accident per person
- $100,000 bodily injury liability insurance per accident (all persons)
- $25,000 of property damage liability
Compared to other States Alaska has some of the highest minimum mandatory car insurance requirements nationwide. While these levels of insurance coverage certainly meet the financial needs for many drivers in terms of liability none of these types of insurance provide coverage for your own vehicle. Comprehensive, Collision, GAO and Uninsured motorist coverage are additional types of auto insurance coverage which should be considered all drivers.
Do I need more Alaska Car Insurance?
Many states have much lower levels of minimum required coverage however with the cost of medical expenses and litigation in today’s society every driver consider opting for increased policy limits. Most car insurance companies offer much higher limits (exceeding $100,000) for only a small increase in premiums.
Alaska Car Insurance Companies
Alaska is not as a competitive market for car insurance as California, New York or other more populated States however it still has a very competitive marketplace with almost 50 companies licensed to provide auto insurance coverage. Many well known names like GEICO, Allstate and State Farm all have a local presence but they are still many smaller companies who can provide the same level of service at affordable rates. If you want to find the best car insurance rates always compare at least a handful of auto insurance companies instead of simply taking the first quote.
Alaska Car Insurance Quotes
Want to start a car insurance comparison search for Alaska car insurance rates?
Enter your ZIP Code and Compare Car Insurance Companies today!