Posts Tagged ‘Alaska car insurance’

Cost of Alaska Auto Insurance 2011

Thursday, May 5th, 2011

Alaska residents paid an average of $1,381 for coverage in 2011. This rate is lower than the national average, which is $1,44o. Rates are not set by the state, and each insurer can decide independently how much to charge its policyholders for this valuable protection. Taking the time to shop around and compare prices from different companies is an effective way for consumers to find the best pricing on their policy.

Rather than simply renewing the existing policy automatically, a better approach to insurance is to take the time to shop around for rates a couple of months before the term expires. This is a good idea even for drivers who have been with the same provider for several years. Some companies do offer a loyalty discount to long-term customers, but that doesn’t mean that another one can’t provide a better deal on coverage from the outset.

Asking about available discounts is another way to save on the cost of Alaska auto insurance coverage. A number of insurance providers offer price breaks to consumers, and it’s possible to qualify for more than one discount on your policy. Here are some examples of discounts which may be offered:

  • Low annual mileage
  • Good driver
  • Good student
  • Anti-theft device installed
  • Safety device installed
  • Buying policy online
  • Multi-policy
  • Multi-vehicle

Comparing prices from different providers can help an Alaska auto insurance buyer find the lowest prices for his or her coverage.

 

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Posted in Alaska, Car Insurance Rates, USA |

Alaska Car Insurance for Teens

Sunday, March 27th, 2011

Teen drivers in Alaska are required to have car insurance coverage in place, but people in this age group will be charged the highest rates for this necessary protection. Insurance providers know that drivers in their teens and early twenties are the segment of the population that is most likely to be involved in accidents and to make claims against a policy. As a result, they are charged the highest rates for their coverage.

To get a newly-licensed driver the coverage he or she needs at an affordable price, don’t buy a separate policy. A much better choice is to add the teen driver to an existing one. A parent, grandparent or other adult in the household can do so, and the young person can remain on another adult’s policy until he or she moves away from home.

To find the best rates on Alaska car insurance for teens, shop around for coverage from a number of different providers. Rates can vary significantly between companies. Parents who are presently insured should make a point of reviewing their coverage at least once a year and a change in circumstances like having a new driver in the household is a great time to do so.

Start by getting a quote for coverage from the current car insurance provider for a policy that includes the teen. Then get quotes from other companies for a similar policy before deciding whether to buy coverage.

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Posted in Alaska, USA |

When to Shop for Alaska Auto Insurance Coverage

Tuesday, December 14th, 2010

Alaska auto insurance is not a product that you should be buying once and then forgetting about. As your life circumstances change, your car insurance coverage should change as well. A young driver will be charged higher rates than a person who has already celebrated his or her 25th birthday. If you have recently turned 25 and your insurance company hasn’t offered you lower rates when your policy came up for renewal, it’s a sign that you should be looking at other options for your coverage.

Getting married is another major life event, and it can affect your auto insurance rates as well. Ask your insurance company about price breaks available for insuring more than one vehicle on the same policy. It will likely be more economical to put all the cars in your household on a single policy than for yourself and your spouse to each buy a separate one.

When you get to the point where your children are in their teens and are old enough to drive, they will need to have auto insurance in place. Rather than buying a separate Alaska auto insurance policy for a teen driver, it probably makes more sense for you to add him or her to your existing car insurance policy.

People who are retired or semi-retired likely qualify for better rates on their car insurance coverage. They can get better rates due to their years of driving experience and lower annual mileage if they don’t have a daily commute.

You should be shopping for the best rates on your Alaska auto insurance coverage at each one of these stages. Ideally, you should be reviewing your policy annually and getting quotes from providers to make sure you are getting the best rates for your coverage.

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Posted in Alaska, USA |

Alaska Car Insurance and Your Credit History

Saturday, December 11th, 2010

Your credit history has a bearing on the rate you will pay for your Alaska car insurance coverage. Under state law, an insurance company cannot refuse to provide you with coverage because of your credit history alone.

The insurer can consider your credit history along with the other factors that it considers when determining how much to charge to provide insurance coverage to an applicant. If you have a poor credit history, the insurance company will consider you a higher risk to insure than someone who has a better credit rating.

When you pay your bills on time, you are showing the insurance company that you are a responsible individual. They consider that a person who is responsible about paying bills will also be responsible behind the wheel.

If your credit  history is less than stellar, you can take steps to repair it. It won’t happen overnight, but you can start by getting yourself on track by making a budget and paying your bills on time.

Keep in mind that not all insurance companies give an applicant’s credit history the same weight when they are setting rates. If you want to find the best rates for your coverage, do take the time to shop around for coverage.

Get quotes for Alaska car insurance coverage from several companies before making up your mind. Take the time to examine them carefully to make sure that all of them are for the same type and level of coverage before you consider pricing.

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Posted in Alaska, USA |

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