Alaska Insurance Requirements & Rates

Alaska requires minimum liability coverage of 50/100/25 (bodily injury per person / per accident / property damage). Alaska is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is not required but recommended.

Alaska homeowners face risks from earthquakes, flooding, wildfires, permafrost thaw. The flood risk level is low and earthquake risk is high. Standard deductibles apply. The average annual home insurance premium is $1,286.

Alaska requires riders under 18 to wear helmets. Lane splitting is not legal. The riding season is may–september.

Yes, workers' compensation insurance is required in Alaska. Sole proprietors and partners may opt out. Alaska has approximately 75,000 small businesses, with top industries including Oil & Gas, Fishing & Seafood, Tourism.

Yes, Alaska has expanded Medicaid. The state uses the federal marketplace at healthcare.gov. The uninsured rate is 11.8%.

Yes, landlords in Alaska can require tenants to carry renters insurance as a condition of the lease. About 35% of Alaska residents are renters, with average monthly rent of $1,250.

Alaska has an uninsured motorist rate of 16.1%, which is above the national average. Factors include icy and snow-packed roads for much of the year increase collision risk. Although uninsured motorist coverage is not required, it is strongly recommended.

With a median household income of $77,790, most Alaska families should consider 10-12x their annual income in life insurance coverage. Currently, 52% of Alaska households have life insurance.