CAR INSURANCE BY STATE

You probably already know this, but the state of Alaska is big. Alaska is a huge state filled with icy, treacherous roadways. If you plan on driving anywhere in AK, you best equip yourself with the minimum required auto insurance (if not more).

Alaska Auto Insurance Requirements

When you operate a motor vehicle in a “Tort” state, such as Alaska, you are financially responsible for any damages and personal injuries that are a result of an accident you caused. Because of this, all drivers are required to carry liability insurance.

The state of Alaska mandates minimum amounts of coverage that are the highest in the country (see the chart below). Though this may mean higher premiums, these minimums ensure that residents are adequately prepared for some of the high costs that can be incurred in an auto accident.

Other options for residents of Alaska to increase their protection include collision, comprehensive, uninsured/underinsured motorists, and/or medical payment coverage.

Coverage Type Required? Minimum Coverage Amount Required
Bodily Injury Liability Yes $50,000 per person$100,000 per accident
Property Damage Liability Yes $25,000
Uninsured Motorist Coverage No $50,000 per person$100,000 per accident
Personal Injury No

You may want to consider purchasing limits of coverage higher than those required by law to protect your assets or property, as you may be personally responsible for any damages above the policy limits.

Auto Insurance for Leased Vehicles in Alaska (AK)

Most leasing companies in Alaska typically require drivers to maintain insurance coverage which exceeds the minimums set by Alaska state law. This is to protect you financially, as well as your leasing company, should they be held partly responsible. Most leasing companies will recommend the following amounts of insurance coverage:

  • Bodily injury liability coverage: $100,000 per person/$300,000 per accident
  • Property damage liability coverage: $50,000
  • Comprehensive and collision coverage: $500 maximum deductible

Insurance Agents By City/Town In Alaska

Contacts for Auto Insurance Information In Alaska

Alaska Division of Motor Vehicles
www.state.ak.us/dmv
Alaska Division of Insurance
3601 C Street, Suite 1324
Anchorage, AK 99503
www.dced.state.ak.us/insurance