Auto Insurance in Anchorage
Alaska has some of the most beautiful, rugged, and unforgiving landscapes in the country. The roads are rougher, and the climate is more unpredictable. And while those of us who call Anchorage home are used to it, no one would doubt the fact that driving is a whole different thing up here. Like elsewhere in the US, registration and insurance are required to drive legally in Anchorage.
This is no secret to insurance companies like us. At Capital Insurance Services Inc. we’ve designed our auto insurance policies to reflect the needs of Alaskans. Our affordable prices and great customer service have made us the go-to choice for auto insurance in Anchorage.
Do I Need Auto Insurance?
The short answer is this common question is: Yes.
Recently, the state of Alaska passed a series of laws known as the Mandatory Insurance Statutes that require vehicle owners to carry a car insurance policy that meets certain liability coverage requirements to protect vehicle owners in the event of traffic accidents.
The basic coverage provided by these insurance requirements helps individuals pay for the various medical, property damage and other expenses of other involved parties when a car accident has occurred. Once these policy limits are exhausted by a client, however, they are financially responsible for any and all damages and expenses. This is why many people will often purchase insurance with higher limits as a financial precaution.
Will Liability Insurance Protect Me?
It is important to keep in mind that liability insurance does not apply to any injuries or damages you suffer during an accident. While liability coverage will protect a family member who is driving your vehicle, or someone else who has been given permission to operate your vehicle, the coverage will not extend to yourself.
To better protect yourself, you will need additional coverage. Collision coverage, which is not mandatory in the state of Alaska, can pay for automotive repairs, replacements, and other damages.
Medical Payments Coverage in Alaska
Every insurance provider hopes that their client never needs to put their medical insurance to use. At the same time, we cannot stress the importance of an auto insurance policy with quality medical payments coverage. This type of coverage is optional, and pays for medical, hospital, and funeral expenses that you or others have incurred during an automotive accident. Unlike other insurance coverage, it pays you no matter which driver was at fault.
Anchorage Car Insurance Quotes
As you might have noticed, there are a wide variety of car insurance policies available to the average Anchorage driver. It can be difficult to make sense of these complicated policies on your own. Thankfully, Capital Insurance Services Inc. is here to help you. It is our job to guide you through the many discount rates, the rate comparisons, and endless payment options. It can be challenging to navigate through the world of auto insurance, but with a little help at the wheel, we’re confident you can steer through all the confusion. Some of the coverage options available today include, but are not limited to:
- Standard + Preferred Auto Insurance
- Classic Automobile/High Valued Automobile Insurance
- High Risk Auto Insurance
- Mature/Elderly Drivers Auto Insurance
When Capital Insurance Services Inc sits down with you for a comprehensive, no-obligation consultation, we will help you determine exactly the kind of auto insurance you need.
Auto Insurance Requirements in Alaska
When shopping around for insurance, there are a few minimums that are required by state law. These minimums cover only the basic damages when you get in an accident. Although we offer many policies that exceed these, it’s important to know what the legal requirements are in Alaska. All liability insurance in Alaska must include the following:
- • $25,000 for property damage
- • $50,000 for bodily injury or death, per person
- • $100,000 for bodily injury or death of multiple people
What Happens if I Don’t Have Proper Insurance in Anchorage?
Driver beware! Anchorage has extremely tough laws when it comes to driving without insurance.
Failing to fulfill the minimum requirements for insurance could result in your license being suspended. You could also get hit with big fines and, depending on the situation, your vehicle could be impounded in Anchorage.
Once you have insurance, it’s also important to keep your proof of insurance on you at all times. Failure to do so could also result in fines and your vehicle being impounded. On an individual’s first offense, the minimum time that a vehicle is impounded for is 30 days. Since that is in the hands of the Anchorage Police Department, you would need to contact them to reclaim your vehicle. On an individual’s second offense, they risk losing their vehicle entirely.
Don’t risk the hassle and financial liability. It’s not worth. Contact Capital Insurance Services Inc. to discuss our convenient insurance policies.
Can My Insurance Premiums Go Up After an Accident?
We do everything on a case-by-case basis. If you get in an accident your premiums might go up. This is especially true if you are at fault for the accident. If you’re not at fault, it’s important to stick around after an accident to file a police report. This will help protect you from the other driver’s insurance provider.
Are There Areas of Alaska That Are Exempt From Insurance Requirements?
It’s necessary to have insurance to drive legally in Anchorage. But with Alaska being the largest US state, and with most of it being so remote, there are many regional exceptions to insurance requirements. In these areas, there is no requirement to register motor vehicles. That means there’s also no legal requirement to insure your vehicle. A complete list of the regions and municipalities that are excluded from the mandatory insurance law can be found on the state of Alaska DMV website.
That doesn’t mean you shouldn’t register and insure your vehicle. The risks of injuring other people might be lowered in remote areas, but they’re not eliminated. So long as you’re behind the wheel of a motor vehicle, it’s a good idea to get insurance.
And as Anchorage’s top insurance provider, Capital Insurance Services Inc. is your first choice for great coverage at great prices.