Alaska Car Insurance

Alaska is one of the smallest states in America with a population of 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 substantial 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.

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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 reinstate their license.

Driving without auto insurance is also subject to fines and penalties even without getting into an accident.

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 minimum levels of liability coverage.

The levels of liability coverage are:

• $50,000 of bodily injury liability insurance per accident per person
• $100,000 physical 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 of many drivers regarding liability none of these types of insurance provide coverage for your vehicle.

Comprehensive, collision, GAP and uninsured motorist coverage are additional types of auto insurance coverage which should be considered by all drivers.

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 just taking the first quote.

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