February 27th, 2017
It doesn't matter if you live in Anchorage, Juneau or Fairbanks, Alaska - CoverHound can help you find the best deal on the best car insurance policy for you.
Alaska car insurance minimum limits are 50/100/25. That means that Alaska requires you to carry car insurance coverage in the amount of $50,000 per person for bodily injury and $100,000 in total. Alaska also requires that you purchase a minimum of $50,000 of liability property coverage. Before you buy a new car insurance policy though it's a good idea to talk with a car insurance agent who is licensed in Alaska. He or she can answer any additional questions that you have and help you determine whether it makes sense to buy more car insurance than Alaska requires you to buy.
So now you know how much car insurance coverage is required in Alaska, but that doesn't tell you how Alaska car insurance is right for you. While that's a complex question - and one that you should discuss with an Alaska car insurance professional before buying any new policy - there are some things to keep in mind.
First, what are your total assets that could be at risk if you are involved in an accident? For example, someone who lives in Eagle River, Alaska where average home prices are around $170,000 should consider buying higher liability limits than the minimum amount of car insurance required in Alaska. That's because a court could award a victim of an accident that you caused damages that exceed the $20,000 of per person coverage that's required in Alaska. That could mean that you lose your home to pay for it. Whereas someone who lives in Juneau and own a home where average house prices are only $47,000 could potentially get away with getting less coverage.
Below are the ten most stolen cars in Alaska. If your car is on this list you're definitely going to want to think about buying comprehensive car insurance.
Top Ten Most Stolen Cars in Alaska:
1995 Chevrolet Pickup (Full Size) 1996 Ford Explorer 1993 Ford F150 Series/Pickup 2008 Dodge Ram 1999 Honda Civic 1998 Jeep Grand Cherokee 1997 Ford F250 Series/Pickup 1992 Toyota Corolla 1994 Chevrolet Pickup (S-10) 1997 Honda Accord Source- Hot Wheels Report, The National Insurance Crime Bureau