If you're an Alaska homeowner, Country Mutual has the cheapest average home insurance rate of $78 a month. The next-cheapest is Umialik at $86 a month. Allstate comes in third at $91 a month.
Home insurance rates in Alaska are far cheaper than the national rate. However, a little groundwork can help you get the best policy at the cheapest price. This guide will help you find the best choice for your homeowners insurance needs.
In this article
Alaska's cheapest home insurance companies
Country Mutual is the cheapest home insurance provider in Alaska, charging an average rate of $78 a month. Umialik is the second-cheapest company at $86 a month and Allstate is third-cheapest at $91 a month.
| Company | Monthly rate |
|---|---|
| Country Mutual | $78 |
| Umialik | $86 |
| Allstate | $91 |
| USAA | $117 |
| State Farm | $118 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
How much does home insurance cost in Alaska?
A home insurance policy in Alaska costs an average of $98 a month. This is 32% lower than the national average homeowners insurance rate of $144 a month.
Your final home insurance quote will be based on multiple factors. These include:
- Your ZIP code
- The age of the house
- Construction materials used
- Your insurance claim history
A standard home insurance policy is pretty much the same regardless of where you buy it. Why the difference in prices then? Home insurance companies put different weights on the various factors that comprise your premium. For example, your claim history may be considered a bigger risk factor to one insurer than another. Use this to your advantage and compare quotes from multiple providers to get the best, cheapest home insurance policy.
Compare home insurance quotes from top providers
Your policy deductible will also play a part in your final premium. If you get a high deductible, it will lower your overall premium.
The best home insurance companies in Alaska
Country Mutual, Umialik and Allstate are currently the best homeowners insurance providers in Alaska. Here's why:
Country Mutual: Cheapest rates
Country Mutual has the lowest rate of home insurance available from the providers underwriting policies in Alaska. It has an average rate of $78 a month. This is 20% less than the average Alaska rate of $98 a month, and 46% less than the average national rate of $144 a month.
| Source | Average rate |
|---|---|
| Country Mutual | $78 |
| Alaska | $98 |
| U.S. | $144 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Umialik: Best regional provider
Founded in 1981, Umialik has prided itself in providing insurance by Alaskans, for Alaskans. Based out of Anchorage, Umialik combines low rates with an understanding of what homeowners in Alaska are looking for in home insurance. It also carries an A+ rating from A.M. Best, indicating superior financial strength and ability to financially back claims.
Allstate: Best discounts
Allstate already has a cheap average rate of $91 a month, but it also has the widest array of discounts to get your premium even lower. Allstate's home insurance discounts include:
- Welcome and loyalty discount: Save 10% on your home insurance for switching to Allstate. You have this discount as long as you have your policy with Allstate.
- Multipolicy discount: Bundling your home insurance policy with an auto or life insurance policy through Allstate can save up to 25% on your insurance costs.
- Early signing discount: Save up to 10% on your premium by signing up for a new home insurance policy at least seven days before the expiration of your current policy.
- Easy pay discount: Save 5% on your home insurance by setting up automatic payment.
- Claim-free discount: If you sign on with Allstate with no recent claims on your home insurance, you can save up to 20%.
The cheapest cities and counties for home insurance in Alaska
Of the 10 biggest cities in Alaska, Sitka enjoys the cheapest average home insurance rate in the state with Country Mutual at $62 a month. Knik-Fairview and Tanaina share the second-cheapest rates with Allstate at $65 a month.
| City | Allstate | Country Mutual | State Farm | Umialik | USAA |
|---|---|---|---|---|---|
| Anchorage | $80 | $76 | $78 | $87 | $85 |
| Badger | $97 | $83 | $101 | $85 | $102 |
| College | $97 | $86 | $85 | $85 | $104 |
| Fairbanks | $95 | $85 | $114 | $85 | $100 |
| Juneau | $73 | $66 | $108 | $84 | $73 |
| Kalifornsky | $84 | $72 | $94 | $86 | $83 |
| Knik-Fairview | $65 | $73 | $108 | $86 | $78 |
| Sitka | $73 | $62 | $67 | $85 | $67 |
| Tanaina | $65 | $73 | $108 | $86 | $78 |
| Wasilla | $91 | $73 | $108 | $86 | $90 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |||||
In Alaska's biggest counties, Ketchikan Gateway has the lowest home insurance rate with Country Mutual at $62 a month. Juneau County has the second-cheapest rate with Country Mutual at $66 a month.
| County | Allstate | Country Mutual | State Farm | Umialik | USAA |
|---|---|---|---|---|---|
| Anchorage | $77 | $76 | $87 | $87 | $85 |
| Bethel | $88 | $79 | $137 | $86 | $150 |
| Fairbanks North Star | $97 | $85 | $105 | $85 | $101 |
| Juneau | $73 | $66 | $91 | $84 | $73 |
| Kenai Peninsula | $81 | $74 | $110 | $86 | $86 |
| Ketchikan Gateway | $91 | $62 | $102 | $85 | $71 |
| Kodiak Island | $88 | $72 | $107 | $86 | $79 |
| Matanuska-Susitna | $95 | $75 | $109 | $86 | $98 |
| Nome | $88 | $84 | $102 | $86 | $203 |
| North Slope | $87 | $86 | $165 | $86 | $191 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |||||
Methodology
We used Quadrant Information Services to generate thousands of home insurance quotes for every ZIP code in Alaska from the following providers:
- Allstate
- Country Mutual
- State Farm
- Umialik
- USAA
Our sample home used the following policy specifications:
- $275,000 dwelling coverage (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use coverage
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
QuoteWizard.com LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it is free of inaccuracies, errors, or omissions. All content and services provided on or through this site are provided "as is" and "as available" for use. QuoteWizard.com LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site. You expressly agree that your use of this site is at your sole risk.