Best homeowners insurance in Alaska (2024)

We looked at average costs, customer service ratings, and policy options from multiple top insurers to find the best and cheapest home insurance companies in Alaska.

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By

Jennifer GimbelSenior Managing Editor & Home Insurance ExpertJennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.

Edited by

Pat HowardPat HowardManaging Editor & Licensed Home Insurance ExpertPat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.
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Reviewed by

Ian Bloom, CFP®, RLP®Ian Bloom, CFP®, RLP®Certified Financial PlannerIan Bloom, CFP®, RLP®, is a certified financial planner and a member of the Financial Review Council at Policygenius. Previously, he was a financial advisor at MetLife and MassMutual.

Updated|3 min read

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While homeowners in Alaska may not have to worry about tornados or hurricanes, the Last Frontier sees its fair share of wildfires and strong windstorms. Fortunately, homeowners insurance, an important asset in the face of any natural disaster, is relatively inexpensive. 

Compare home insurance rates in Alaska

We don't sell your information to third parties.

Compare the best homeowners insurance companies in Alaska

State Farm, Allstate, and Country Financial top our list of the best homeowners insurance companies in Alaska.

To come up with our top picks, we looked at the 15 companies with the highest market share in the state and chose the three with the highest overall Policygenius rating. Our ratings are based on each company's financial strength and customer satisfaction ratings, the number and quality of available coverages, and average policy premiums in over 200 Alaska ZIP codes.

Company

Average monthly cost

Policygenius rating

State Farm

$125

4.8 out of 5

Allstate

$135

4.4 out of 5

Country Financial

$102

4.1 out of 5

Methodology & why you can trust our rates

At Policygenius, our educational guides are written and fact-checked by licensed home insurance experts and reviewed by our Financial Review Council to ensure autonomy, expertise, and accuracy.

To find the best home insurance companies in Alaska, we analyzed over 30,000 quotes from the 15 largest insurance companies in the state to find the average cost of homeowners insurance with each company in 2022.

When analyzing costs for different coverage levels and risk factors, we changed just one variable at a time to ensure the rates we’re comparing are fair and representative of the factor at hand.

We then looked at J.D. Power customer satisfaction scores, AM Best financial health ratings, quality of policy options, discounts, and compared that with the coverage needs of Alaska residents to find the best homeowners insurance in Alaska.

To get the average rate for each company in Alaska, we analyzed rates provided by Quadrant Information Services in March 2022 for over 200 ZIP codes in Alaska for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

award icon

2024 Policygenius award winner

State Farm

State Farm logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

Offers flood insurance

Offers earthquake insurance

Wind/hail deductible

Offers wildfire insurance

Why we chose itchevron icon

State Farm is one of the best home insurance companies in Alaska thanks to its large selection of policy options for most home types, high customer service marks, and industry-best financial stability ratings.

Pros and conschevron icon

Pros

  • High customer satisfaction and financial strength ratings

  • Top-tier coverage add-ons, including extended replacement cost coverage

  • Offers large discounts when you bundle your home and auto insurance

Cons

  • 20% more complaints filed with the NAIC than other companies of its size

  • No discounts for first-time homebuyers

More detailschevron icon

Why we chose State Farm

State Farm is known for its dependable customer service. And this goes for all steps of the the customer's journey — from shopping and setting up your policy to making changes to your coverage to filing a claim.

We also like State Farm's robust coverage options, including (but not limited to) extended replacement cost coverage, water backup protection, appliance coverage, and inflation guard.

Plus, while many competitors don't have the financial strength to pay out claims after several natural disasters in the same year, State Farm isn't one of them. It earns the highest rating possible from AM Best for financial strength and stability — only six insurance companies out of nearly 70 we reviewed hold this title.

How do State Farm home insurance rates compare to the Alaska average?

The average cost of State Farm home insurance in Alaska is $1,505 per year, which is 11% more expensive than the average annual premium in the state of $1,355 per year.

How to get a quote

Online through State Farm or by contacting your local State Farm agent.

award icon

2024 Policygenius award winner

Allstate

Allstate logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Smart home discounts

Wind/hail deductible

Why we chose itchevron icon

Allstate is one of the top home insurance companies in Alaska thanks to its deductible perks and lower rates each year you go without filing a claim.

Pros and conschevron icon

Pros

  • Deductible perks & rate discounts each year you go without filing a claim

  • Offers water backup protection, other endorsements

Cons

  • Rates are 20% higher than the state average

  • Beginning to pull back coverage in high-risk areas

  • Below-average digital experience rating with J.D. Power

More detailschevron icon

Why we chose Allstate

Allstate is a top home insurance company in Alaska. It offers several home insurance coverages you can add to your policy for more protection, including water backup protection, scheduled personal property coverage, and identity theft restoration coverage.

We also like that you can save money on your premiums and deductible each year you go without filing a claim.

If you're looking to cover your short-term rental, Allstate's HostAdvantage is another perk. HostAdvantage comes with theft protection, coverage for your damaged property ($10,000 per host period), and a $25 discount on cleaning services from Merry Maids.

How do Allstate home insurance rates compare to the Alaska average?

The average cost of Allstate home insurance in Alaska is $1,620 per year, which is 20% more expensive than the statewide average of $1,355 per year.

How to get a quote

Online through Policygenius or Allstate, or by contacting a local Allstate agent

Country Financial

Country Financial logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.4

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Why we chose itchevron icon

Country Financial home insurance is one of the best home insurance companies in Alaska thanks to its strong financial strength ratings, superb customer service scores, and lots of coverage add-ons to ensure your home is fully protected.

Pros and conschevron icon

Pros

  • Rates are 10% below the statewide average in Alaska

  • Slew of coverage add-ons, including guaranteed replacement cost, flood and earthquake coverage, and water backup protection

  • Excellent customer service rating — received fewer complaints than other similar-sized insurers in 2021

Cons

  • Not as many discounts available as other home insurance companies

More detailschevron icon

Why we chose Country Financial

Country Financial made our list of the best home insurance companies in Alaska thanks to its stellar financial strength rating and excellent customer service.

It received fewer customer complaints than other insurance companies of its size in 2021, according to the National Association of Insurance Commissioners (NAIC) complaint index.

It also offers valuable coverage add-ons, including inflation guard protection, water backup coverage, flood insurance, and guaranteed replacement cost coverage for your home.

How do Country Financial home insurance rates compare to the Alaska average?

The average cost of Country Financial home insurance in Alaska is $1,222 per year, which is around 10% cheaper than the annual statewide average of $1,355.

How to get a quote

You can get a Country Financial home insurance quote online, over the phone, or by speaking to a local agent.

Compare home insurance rates in Alaska

We don't sell your information to third parties.

How much is homeowners insurance in Alaska?

The average cost of homeowners insurance in Alaska is $1,355 per year or $113 a month. This is 23% cheaper than the national average of $1,754 per year.

Alaska homeowners insurance rates by city

Looking at average home insurance costs for the 20 largest cities in Alaska, we found that Sitka has the cheapest homeowners insurance in the state, followed by Ketchikan and Juneau.

City

Average monthly cost

Average annual cost

Difference from state average (%)

Anchorage

$99

$1,187

-12%

Fairbanks

$121

$1,450

7%

Juneau

$97

$1,160

-14%

Wasilla

$120

$1,436

6%

Sitka

$86

$1,027

-24%

Ketchikan

$96

$1,148

-15%

Kenai

$102

$1,225

-10%

Palmer

$101

$1,213

-10%

Bethel

$104

$1,250

-8%

Homer

$100

$1,200

-11%

Kodiak

$99

$1,182

-13%

Soldotna

$100

$1,200

-11%

Unalaska

$108

$1,299

-4%

Valdez

$103

$1,234

-9%

Nome

$113

$1,355

0%

Kotzebue

$107

$1,281

-5%

Seward

$105

$1,254

-7%

Cordova

$105

$1,256

-7%

Dillingham

$116

$1,390

3%

Houston

$113

$1,353

0%

Collapse table

Alaska homeowners insurance rates by coverage amount

One of the most important (and expensive) parts of your home insurance policy is your dwelling coverage, since it protects the physical structure of your home from covered hazards like hurricanes and fires. 

How much dwelling coverage you purchase should be based on the replacement cost of your home — not its market value. That means even if you paid $600,000 for a home that would really only cost $400,000 to rebuild — you’d only need $400,000 in dwelling coverage.

The table below highlights the average annual premium in Alaska for five different levels of dwelling coverage.

As you can see, the higher your dwelling coverage limit, the higher your premiums.

Dwelling coverage limit

Average annual cost

$100,000

$714

$200,000

$1,019

$300,000

$1,355

$400,000

$1,702

$500,000

$2,073

Compare home insurance rates in Alaska

We don't sell your information to third parties.

Cheapest homeowners insurance companies in Alaska

Based on our analysis, Western National, Country Financial, and USAA are the three cheapest home insurance companies in Alaska, with statewide average premiums ranging from $1,040 to $1,425 per year.

Company

Average annual cost

Western National

$1,040

Country Financial

$1,222

USAA

$1,425

State Farm

$1,505

Allstate

$1,620

Cheapest Alaska homeowners insurance if you have poor credit

Your credit score also plays a role in your home insurance premiums. Homeowners with lower credit scores generally see higher rates, since insurers consider you more likely to file a claim.

With an average rate of $1,040 per year, Western National has the cheapest home insurance rates in Alaska for a homeowner with poor credit, while State Farm's average yearly premium of $2,660 is the highest. 

Company

Average annual cost

Western National

$1,040

Country Financial

$1,222

USAA

$2,086

Allstate

$2,129

State Farm

$2,660

Cheapest Alaska homeowners insurance if you have an older home

The median age of homes in Alaska is 36 years old, according to an analysis of U.S. census data by House Method. And like everything else, the age of your home plays a role in how much you pay for home insurance in Alaska.

Older and historic homes are usually more expensive to insure than newer homes. This is because insurers consider them a higher risk than newer homes since they can be fragile, their construction materials may be obsolete, and certain structural components like the roof or plumbing may not be in good shape or up to current-day code. Because of this, they'll charge higher premiums to offset the risk.

Here's the cheapest home insurance in Alaska for a 50-year-old home:

Company

Average annual cost

Western National

$1,040

Country Financial

$1,222

Allstate

$1,540

State Farm

$1,565

USAA

$1,798

Cheapest Alaska homeowners insurance if you have a history of claims

One of the biggest factors that plays a role in your home insurance premium is your claims history. You'll typically pay more for home insurance if you have multiple claims on your record, since insurers perceive you as posing a greater risk of filing more.

Here's the cheapest home insurance companies in Alaska for a homeowner with three claims within a five-year period.

Company

Average annual cost

Western National

$1,040

State Farm

$1,783

Country Financial

$1,926

USAA

$2,820

Allstate

$4,569

Coverage options in Alaska

When you're looking for home insurance in Alaska, you should be aware of what your policy will and won't cover.

In Alaska, you may need to consider additional coverage when buying homeowners insurance to protect against possible flooding, especially if you're in a low-lying part of the state.

Flood insurance

Most homeowners insurance policies don’t cover flood damage, so residents of Alaska who live in at-risk areas will want to consider flood insurance on top of their regular home insurance policies.

In addition to comparing home insurance quotes, Alaska homeowners can also compare private flood insurance rates with Policygenius, or choose a policy through a government entity like the National Flood Insurance Program.

Learn more >> Flood insurance costs in 2023

Compare home insurance rates in Alaska

We don't sell your information to third parties.

Frequently asked questions

What is the average cost of home insurance in Alaska?

The average cost of home insurance in Alaska is $1,355 per year or $113 a month.

Is home insurance in Alaska expensive?

No, home insurance in Alaska is 23% cheaper than the nationwide average of $1,754 per year. It's one of the cheapest states for home insurance in the country.

Is homeowners insurance required in Alaska?

While homeowners insurance is not legally required in Alaska, it is often a condition of obtaining a loan from a mortgage lender.

Author

Jennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.

Editor

Pat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.

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