Cheap Car Insurance Quotes for Welfare Recipients in Alaska

Our editors always tell us that when writing about car insurance, the word “cheap” really shouldn’t be used anywhere to describe car insurance prices. Unfortunately, cheap car insurance for welfare recipients may be a thing of the past. But don’t despair, because we are going to show you some ways you can still find and buy insurance that is affordable.

The vehicle requiring coverage is a large consideration when comparing the best cheap coverage for welfare recipients. Vehicles with higher performance characteristics, poor crash test ratings, or high incidents of liability claims will cost much more to insure than more economical and safe models. The information below illustrates car insurance costs for a handful of the most budget-friendly automobiles to buy coverage for.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rates do not factor in the specific area where the vehicle is garaged which can alter premium rates greatly.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Prices do not factor in your specific Alaska location which can raise or lower price quotes substantially.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Information does not factor in specific location which can influence coverage rates significantly.

When shopping for cheaper auto insurance for drivers on welfare, one of the many components that auto insurance companies use to determine the amount you pay each year for auto insurance is your zip code in Alaska. Areas that are more densely populated like Palmer, Anchorage, and Fairbanks are more likely to have higher rates, whereas areas that are not as densely populated benefit from lower coverage costs.

The next table illustrates the most expensive areas in Alaska for welfare recipients in which to purchase auto insurance.

Rate information is comparative as the garaging address in Alaska can increase or decrease auto insurance rates noticeably.

Insuring your vehicle with the highest-rated auto insurance company is difficult considering how many different companies there are to choose from in Alaska. The ranking information shown below can help you decide which providers to look at shopping prices with.

The rankings below only include companies that insure vehicles nationwide, so companies that may only write in Alaska will not be included in these rankings. If you would like to check rates from these and other competitive companies, just click here.

Top 10 Large Auto Insurance Companies in Alaska Ranked by Claims Service

1. State Farm
2. Esurance
3. AAA Insurance
4. Liberty Mutual
5. Progressive
6. GEICO
7. Allstate
8. The Hartford
9. The General
10. Farmers Insurance

Top 10 Large Auto Insurance Companies in Alaska Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. The General
5. State Farm
6. AAA Insurance
7. Allstate
8. Safeco
9. Esurance
10. 21st Century

Cost comparison with and without full coverage

Finding cheap car insurance for welfare recipients in Alaska is important to most vehicle owners, and a good way to save on the cost of insurance is to not insure for full coverage. The illustration below illustrates the comparison of yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Alaska. The rate quotes are based on no claims or driving violations, $100 deductibles, single status, and no discounts are applied.

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If all age groups are averaged, physical damage coverage costs $1,566 per year over and above liability only. Lot’s of drivers question if buying full coverage is a waste of money. There is no exact formula of when to phase out physical damage insurance, but there is a broad guideline. If the annual cost of coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

Is Geico, Allstate, State Farm, or Progressive cheaper?

If you are shopping around for auto insurance, probably the best companies to start with are Geico, Allstate, State Farm, and Progressive. Between them, they insure 48.5% of all policies written in the United States. They all have your normal coverages like liability, comprehensive, and collision, but each one offers a unique set of features, discounts, and options that can influence your buying decision. The data below compares ratings for price, service, and claims, in additional to some of the optional coverages that are available for buyers.