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The Best Homeowners Insurance in Alaska [2023]

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Find a top-ranked Homeowners Insurance Agency in your area

To those who have never stepped foot in Alaska, it might be tempting to write the Last Frontier off as a wintery backwoods, but anyone who’s ever been there knows that’s not the truth. Alaska is filled with gorgeous vistas, stunning wildlife wherever you turn, and natural phenomena like midnight suns and the Northern Lights.

That’s not to say that living in Alaska year-round is easy. The winters are brutal, with below freezing temperatures and some of the highest snowfall totals in the U.S. Add in the risk of earthquakes and tsunamis, and it’s clear that homes in Alaska need proper homeowners insurance to keep you, your family, and your belongings safe.

Expertise.com has analyzed the homeowners insurance options in Alaska so you can find the perfect level of coverage at the best price for your needs.

Average Cost of Homeowners Insurance in Alaska

The average cost of homeowners insurance in Alaska is $1,307 per year, which is less than $200 above the national average of $1,516 according to ValuePenguin.

However, your homeowners insurance rate in Alaska can vary depending on a few variables:

  • When your home was built: The older your home, the more likely it will experience structural wear and tear, making expensive repairs more likely.

  • The size of your home: The larger your home, the more it will cost to insure.

  • What your home is made of: Some building materials are more resistant to wear and tear than others. For example, a house with a brick exterior is more durable than one with a wood siding exterior, which is prone to rot over time.

  • The cost of building a home in your area: The purpose of homeowners insurance is to cover repair and replacement costs. If building materials are more expensive in your area, the higher your insurance premiums.

  • The home’s location: The more remote your location, the further you are from essential services like a fire department, which can increase your coverage costs. The likelihood of damage to your home also increases the closer you are to natural elements like bodies of water or earthquake activity. Crime rates can also impact your coverage.

  • Whether you have additional features: A hot tub might help you beat the winter blues, but it increases your risk of an insurance claim, increasing your premiums. Other features like decks or pets can also impact what you pay for homeowners insurance.

  • Your deductible: Lower deductibles mean your insurance will kick in at a lower price point when you file a claim, but it means you’ll pay more upfront to cover that increased coverage. 

Alaska Homeowners Insurance Rates by City

Like any other state, Alaska’s homeowners insurance rate fluctuates based on where you live.

We’ve broken down the average annual insurance rates for Alaska’s 10 largest cities below:

City

Average Annual Rate

Anchorage

Fairbanks

Juneau

Badger

Knik-Fairview

College

Tanaina

Sitka

Meadow Lakes

Kalifornsky

The Best Homeowners Insurance in Alaska

Based on our research, Expertise.com determined the following insurance agencies offer the most comprehensive and best homeowners insurance in Alaska:

Country Financial

Country Financial


Average Annual Rate: ~ $948

Notes: Affordable coverage with the support of a personal agent

Allstate logo

Allstate


Average Annual Rate: ~ $1,356

Notes: Easily customizable coverage

State Farm logo

State Farm


Average Annual Rate: ~ $1,213

Notes: Blend of affordable rates and strong customer service

Umialik

Umialik


Average Annual Rate: ~ $1,012

Notes: Offers coverage for Alaska-specific problems like animal damage

Cheapest Homeowners Insurance in Alaska

The cheapest homeowners insurance coverage in Alaska is Country Financial.

Remember that several factors can impact your unique homeowners insurance needs, but explore Country Financial’s coverage options if cost is a key factor in your insurance provider decision.

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FAQs

Learn more about the specifics of Alaska homeowners insurance below to help you choose the best plan.

How to Reduce Homeowners Insurance Costs in Alaska

While price shouldn’t be the only factor when choosing your homeowners insurance policy, we know it can be important. If you’re looking for a way to reduce your homeowners insurance costs, here are a few ways to lower your premiums:

  • Increase your deductible. One of the easiest ways to save money on homeowners insurance rate is to increase your deductible. While this can save you money when you don’t need to file a claim, it can leave you paying more out of pocket if you do need to file a claim. 

  • Combine insurance policies. If you also have auto insurance, you can save anywhere from 5-15% if you bundle your home and auto policies. If you have a boat or snowmobile requiring insurance, bundling those with your homeowners policy can also help save you money. Ask your insurance agent for any bundling opportunities.

  • Improve your home’s disaster resistance. Do what you can to make your home safer. For example,

    • Install or upgrade your fire safety systems like smoke detectors and fire alarms.

    • Set up a burglar alarm system or upgrade your locks to dead-bolts

    • Install a sprinkler system.

  • Eliminate high-risk home amenities. Make your home as safe as possible by eliminating any amenities that can be dangerous, such as trampolines and pools if you’re family doesn’t use them.

  • Ask your insurance provider for discounts. Most insurance providers offer discounts for customers. Ask your insurance provider if you qualify for any of the following:

    • Work-from-home discounts

    • Retirement discounts

    • Paperless billing discounts

    • Clean claims history discounts

    • Loyal customer discounts

    • And more.

  • Maintain a good credit rating. It’s common for insurance agencies to check your credit history before offering you a policy. They will often charge you less if you have a clean credit history.

For the best insight into how you can save money on your Alaskan homeowners insurance, ask your insurance agent. 

Alaska Insurance Options In Your City

Our mission at Expertise.com is to connect Alaskan homeowners with the top local agents and insurance companies so you can choose home insurance plan that best fits your unique home insurance needs. 

Check out our list of the nine best homeowners insurance companies in Alaska here

Our methodology evaluates each provider based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.