Alaska car insurance consumer paid an average of $1,875 for their coverage in 2010. This figure is higher than the national average of $1,538. Even though the average customer who bought coverage in the state paid higher rates, it doesn’t mean that you need to accept that you will need to do so. There are some things you can do to keep your Alaska car insurance rates down.
The best way to avoid paying more than you have to for your coverage is to compare rates from several providers. By taking the time to get multiple quotes, you will be able to find the company that can provide you with a good level of protection at an affordable price. Since each company sets its own price range that it charges to policyholders, the cost for the same type and level of coverage can vary significantly between providers.
Make a point of reviewing your Alaska car insurance coverage annually. As circumstances in your life change, your car insurance needs will change as well. By reviewing your coverage regularly, you will make sure that the protection you have in place still meets your needs.
You may want to consider dropping the collision coverage on an older vehicle that has little cash value. If your vehicle has been paid off in full and is worth $2,500 or less, it may be time to limit the comprehensive protection on it to fire and theft only as a cost-saving measure.