If you are looking for cheap auto insurance in Alaska, understanding state laws and regulations will be an important part in getting you the best rate possible. Alaska's Mandatory Insurance Statutes require that the owner of a registered vehicle must have a liability insurance policy for that auto.
Remember that the minimum requirement for car insurance differs from state to state and in order to get the best auto insurance quotes in Alaska one must understand what coverage they need. Alaska has simplified its auto insurance coverage by being a no-fault state; not requiring Personal Injury Protection (PIP) nor protection from uninsured motorists.
In insurance vernacular a state's basic information on minimums for coverage are presented in the Body Injury Liability for 1 person/Body Injury Liability for all people/Property Liability Damage format. Body Injury liability refers the minimum dollar amount required for one person in an accident. Body Injury Liability for all people is the minimum amount required for coverage in an accident involving at least 1 driver and 1 passenger. Property Liability Damage refers to the minimum amount required for any accident in which property is damaged. In Alaska the minimums are 50/100/25. The numbers are in thousands of dollars.
There is no way to avoid a policy as failure to have the proper insurance may result in a suspension of a driver's license. However certain areas in the state do not require registration and therefore don't require you to have car insurance either. The list of areas can be found on the Alaska Department of Motor Vehicles Website. A couple more guidelines to be aware of are that you need to carry a copy of your insurance policy in your vehicle at all times, and that drivers who have numerous violations require a stricter insurance policy. For those drivers with a history of poor driving practice, their vehicles must be insured even if they reside in the state mandated areas that don't require insurance.
Alaska is a state with some of the toughest liability insurance laws on the state, with financial responsibility as well as mandatory insurance laws. The reason for these laws is to see to it that drivers and operators of motor vehicles using Alaskan highways and roads are financially covered for injury or that might be caused by collisions, as well as to limit or eliminate financially irresponsible drivers Alaskan roads.
In insurance vernacular a state's basic information on minimums for coverage are presented in the Body Injury Liability for 1 person/Body Injury Liability for all people/Property Liability Damage format. Body Injury liability refers the minimum dollar amount required for one person in an accident. Body Injury Liability for all people is the minimum amount required for coverage in an accident involving at least 1 driver and 1 passenger. Property Liability Damage refers to the minimum amount required for any accident in which property is damaged. In Alaska the minimums are 50/100/25. The numbers are in thousands of dollars.
There is no way to avoid a policy as failure to have the proper insurance may result in a suspension of a driver's license. However certain areas in the state do not require registration and therefore don't require you to have car insurance either. The list of areas can be found on the Alaska Department of Motor Vehicles Website. A couple more guidelines to be aware of are that you need to carry a copy of your insurance policy in your vehicle at all times, and that drivers who have numerous violations require a stricter insurance policy. For those drivers with a history of poor driving practice, their vehicles must be insured even if they reside in the state mandated areas that don't require insurance.
Alaska is a state with some of the toughest liability insurance laws on the state, with financial responsibility as well as mandatory insurance laws. The reason for these laws is to see to it that drivers and operators of motor vehicles using Alaskan highways and roads are financially covered for injury or that might be caused by collisions, as well as to limit or eliminate financially irresponsible drivers Alaskan roads.
Auto Insurance Regulations in Alaska
- Coverage must be maintained at all times: The mandatory laws in Alaska require the owner or driver of a vehicle to have liability insurance policy currently active and in place when the vehicle is being operated on a street, highway or public property.
- Minimum coverage required: The minimum coverage for liability insurance in Alaska is the highest in the country. They are $50,000 for injury or death to any person, and $100,000 for total injuries or deaths per accident, as well as $25,000 for property damage. The reason behind the high limits is simply to minimize the number of lawsuits that tend to follow accidents in those states where the minimum requirements are not sufficient to cover all of the damage or injury done.
- You are required to show proof of insurance: If you are involved in an accident, whether or not you are at fault, you must show proof of insurance that meets the minimum coverage amounts. You may also show proof by filling out a Certificate of Insurance form that will be available through the police officers at the accident scene.
- Failure to show proof of insurance: The DMV is required to suspend the license of anyone who does not have proof of liability coverage. The suspension will range from 90 days to as long as 1 year based on prior record or accidents. This suspension will happen even if you were not the one at deemed responsible for the accident.
