Alaska Auto Insurance Requirements

Q: What is in a basic Alaska auto insurance policy?

A: Consumers can add these main options to their Alaska auto insurance policy:

  1. Liability Coverage
    1. Since property and people are completely separate insurance concepts, liability insurance is divided into two types:
      1. Bodily Injury Liability Coverage
      2. Property Damage Liability Coverage
    2. Liability coverage is required in Alaska. To legally drive in Alaska, one must have a valid driver’s license and also the minimum of liability coverage in his or her auto insurance policy:
      1. 50/100/25” (Alaska’s minimum auto insurance requirement)
      2. $50,000 for injury/death to one person.
      3. $100,000 for injury/death to two or more people.
      4. $25,000 for property damage.
    3. Liability minimums are different for vehicles that are leased.
  2. Collision Coverage is a legal requirement when your vehicle is financed (not completely paid for). It is optional for your Alaska auto insurance policy if the vehicle is not financed.
  3. Comprehensive Coverage, similar to collision, is only required if you are still paying off your vehicle. If the vehicle has been fully financed, and is thus paid for, comprehensive is not required in your Alaska auto insurance policy.
  4. Medical Payments Coverage is advisable to include in a Alaska auto insurance policy though it is not required.
  5. Uninsured (and Underinsured) Motorist Coverage is another optional although recommended insurance option in Alaska.
  6. Personal Injury Protection (PIP) Coverage is not required under Alaska state law.
  7. Other Options for your Auto Insurance Policy
    1. Towing Coverage
    2. Rental Coverage
    3. Loan/Lease Gap Coverage
Q: Is Alaska a No-Fault state? 
A: No, Alaska does not have a no-fault insurance system.
 
Q: How can I get a discount on a Alaska auto insurance policy
A: To see if you are eligible for the several ways you may be able to save money on your policy, take a look at our list of auto insurance discounts.
 
Q: Where can I find more information about Alaska auto insurance? 
A: You can consult the following official internet resources for more information on insurance coverage in the state of Alaska:
  1. Alaska Insurance Resources
    1. The Alaska Department of Motor Vehicles (DMV) manages the issuance of driver’s licenses, vehicle titles, and voter registration. The AK DMV website has an auto insurance page which thoroughly explains Alaska auto insurance requirements.
    2. The Alaska Division of Insurance (DOI) helps inform the public of insurance laws.
  2. National Insurance Resources
 

CLICKinsure agents are happy to provide their top services of Alaska, the “Land of the Midnight Sun.” Alaska offers many options in auto insurance plans. Residents in any Alaska city, including Anchorage, Juneau, Fairbanks, Wasilla, Kodiak, Homer, Barrow, and points in between can find reliable insurance information and coverage when they select CLICKinsure as their broker.