Fairbanks Insurance Rates:

Fairbanks, AK home insurance is roughly $752 to $1,021, about $62-$85/month. Our thorough analysis shows customers can save upto $354 by getting multiple quotes

Compare Quotes from Top Providers and Save now!

Research about Fairbanks Home Insurance Rates, Quotes, Reviews, Agents, Coverage & other ways to save money in Alaska. Compare quotes & save.

Fairbanks Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Allstate
Home Insurance Rate of $450/5 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $250,000

5 Beds, 5 Baths 1920 sqft Rental Property Constructed In 2014 with Wood Flooring, Shingles Roof, Slab Foundation, Stucco siding, Metal Frame Construction. Home Features Include Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

25 Years old Single Male who is a Freelancer with household income of $50-$75,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $1210/8 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $305,000

5 Beds, 5 Baths 3450 sqft Seasonal Residence Constructed In 1990 with Wood Flooring, Slate Shingles Roof, Crawl Space Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Indoor Sprinklers, Smoke Alarm, Deadbolt Locks, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

30 Years old Single Male who is a Freelancer with household income of $100-$150,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $690/6 months for $500000-$600000 Coverage
Policy Holder Home Details :

Home Value : $495,000

5 Beds, 5 Baths 3730 sqft Rental Property Constructed In 1962 with Carpet Flooring, Metal Roof, Chainwall Foundation, Stone Siding, Wood Frame. Home Features Include Fire Extinguisher, Fireplace, Deadbolt Locks, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

27 Years old Divorced Female who is Unemployed and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

Home Insurance Rate of $260/4 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $340,000

4 Beds, 4 Baths 2920 sqft Primary Residence Constructed In 1997 with Stone Flooring, Composition Roof, Crawl Space Foundation, Wood siding, Brick Frame. Home Features Include Fire Extinguisher, Deadbolt Locks, Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

39 Years old Married Female who has a Part Time Job with household income of less than $25,000 and has No Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 750-799 Credit Score

Home Insurance Rate of $260/6 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $145,000

2 Beds, 2 Bath 1260 sqft Rental Property Constructed In 1986 with Hardwood Flooring, Tile Roof, Piers Foundation, Brick siding, Wood Frame. Home Features Include Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

55 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 and has 3 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $510/10 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $130,000

2 Beds, 2 Bath 1330 sqft Rental Property Constructed In 1961 with Wood Flooring, Slate Shingles Roof, Chainwall Foundation, Wood siding, Brick Frame. Home Features Include Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

52 Years old Married Female who is Unemployed and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 500-549 Credit Score

Home Insurance Rate of $120/4 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $95,000

2 Beds, 2 Bath 940 sqft Vacation Property Constructed In 1962 with Linoleum, Wood Shake Roof, Crawl Space Foundation, Wood siding, Brick Frame. Home Features Include Fireplace, Deadbolt Locks, Central Air Conditioning, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

58 Years old Divorced Female who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 500-549 Credit Score

  • Guests at home

Fairbanks, AK Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
99712 $233,400 $910
99709 $230,800 $920

Fairbanks Rates & Quotes Analysis:

Fairbanks Area Estimated House Insurance
Betty St, Trianon Dr, Dalton Trl, Dale Rd, Bridget Ave, 24th Ave, Fideler Rd, Jeanne Dr, Carol Ln, View Ave$906
Spring Glade Rd, Blair Rd, Gregory St, Raymond Ave, 23rd Ave, Kutter Rd, Madcap Ln, Mary Ann St, Sportsman Way, Line Dr$916
Hanson Rd, Pasque St, Melba St, Erceg St, Eastview Dr, Royal Rd, Valley Hi Dr, Kantishna Way, Orca Ct, Alaska Way$891
Trainor Gate Rd, Snowy Owl Ln, W Trainor Gate Rd, Graham Ln, Cabruan Hills Loop, 8th Ave, College Rd, Manchester Loop, Dennis Rd, Dunbar Ave$888
Deborah Ave, Yokum St, Pine St, Chief Evan Dr, Cabruan Hills, Senate Dr, Herreid Rd, Haven Ln, Bouton Ct, Shile Dr$904

Insurance rates are influenced by a number of factors including:

  • Year Built: 3,201 Homes (22% of total homes ) built between 1970 to 1979 in Fairbanks are paying home insurance between $1,438-$1,452. Places close to Fairbanks, AK such as College, Farmers Loop, Steele Creek are more expensive by $19, $35, $27 respectively while South Van Horn and Moose Creek are cheaper by $101 and $11 respectively for similar homes.
  • Bedrooms: 4,349 3 bedrooms homes (32% of total homes ) in Fairbanks are paying about $550. Areas near to Fairbanks such as College, Farmers Loop, Chena Ridge are costlier by $8, $13, $4 respectively whereas South Van Horn and Badger are more economical by $39, $7 respectively for similar homes.
  • Auto Insurance Bundling: 1,912 Households (41% of all households) in Fairbanks have 2 vehicles available and when it is bundled with home insurance you can save $177. Discounts for similar bundling in close by locations such as South Van Horn, College, Farmers Loop come to $164, $179, $181 respectively.
  • Senior Discounts: 2,300 seniors (more than 55 years) occupied housing units (49% of total) in Fairbanks get discounts between $132 to $135 and differs from South Van Horn ($123), College ($134), Farmers Loop ($136).
  • New Homes discounts: New homes such as the 5,036 homes built between 2000 to 2009 in Fairbanks can save $177 in contrast with South Van Horn ($164), College ($179), Farmers Loop ($181).

Fairbanks Homeowners insurance Facts

  • Fairbanks, AK has 4,646 owner occupied houses which is 38.6% of all units whereas South Van Horn, College and Farmers Loop have 59.36%, 61.67% and 81.23% respectively.
  • Fairbanks, AK homeowners yearly insurance price at $887 is 0.46% of the typical house value of $194,600 which is in contrast with 2.88% in South Van Horn, 0.39% at College & 0.36% in Farmers Loop.
  • Homeowners in Fairbanks, AK pay 2.37% of their income ($35,000 to $39,999) in insurance whereas homeowners in South Van Horn, College and Farmers Loop pay 2.2%, 2.4% and 2.42% respectively.
  • Fairbanks, AK’s insurance is 4.0% of monthly housing costs of $1,871/month, for owners with a mortgage compared to 3.73% in College, 3.63% at Farmers Loop & 3.9% in Badger. But, for households without a mortgage, insurance is 10.7% of costs ($692 in Fairbanks, AK) in contrast with 11.39% in College, 10.49% at Farmers Loop & 13.77% in Badger.

Fairbanks, AK Home Values & Insurance rates

For example, insurance for 462 Homes (10.0% of total homes ) valued between $125,000 to $149,999 in Fairbanks, AK is about $620. Rates in nearby areas in such as College, Badger, Steele Creek are cheaper by $81, $16, $106 respectively while Ester and Two Rivers are costlier by $25 and $163 respectively for similar homes.

Fairbanks, AK Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 186 4.0% $106
$60,000 to $69,999 59 1.0% $292
$80,000 to $89,999 157 3.0% $381
$90,000 to $99,999 51 1.0% $425
$100,000 to $124,999 335 7.0% $496
$125,000 to $149,999 462 10.0% $620
$150,000 to $174,999 436 9.0% $736
$175,000 to $199,999 753 16.0% $851
$200,000 to $249,999 926 20.0% $1020
$250,000 to $299,999 654 14.0% $1250
$300,000 to $399,999 492 10.0% $1587

Renters Insurance in Fairbanks

  • Average Renters Insurance in Fairbanks :  $195($16/month)

  • Median Gross Rent in Fairbanks :  $1,170

  • Fairbanks Renters Insurance to Median Rent Ratio:  1.37%

  • Average household size of renter-occupied unit :  2.38

Fairbanks Renters Insurance as a Percentage of Rent

Fairbanks Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$300 to $499 367 5.0% $1248
$500 to $749 767 11.0% $1923
$750 to $999 1,345 19.0% $2673
$1,000 to $1,499 2,344 33.0% $3798
$1,500 or more 2,080 29.0% $5448

Protective device discount in Fairbanks Up to :  $29

Claims-free discount in Fairbanks Up to :  $39