Anchorage ,AK Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Anchorage, AK homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Anchorage, AK is $1485. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Anchorage, AK. VHome Insurance will help you navigate the world of homeowners insurance coverages in Anchorage, AK.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $594 |
| $200,000 | $1,010 |
| $300,000 | $1,247 |
| $400,000 | $1,901 |
| $500,000 | $2,391 |
Home insurance costs in Anchorage can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 099516 | $1,480 |
| 99515 | $1,417 |
| 99502 | $1,422 |
| 99517 | $1,407 |
| 99507 | $1,407 |
| 99501 | $1,417 |
| 99504 | $1,378 |
| 99518 | $1,377 |
| 99503 | $1,367 |
| 99508 | $1,378 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Anchorage, AK, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,523 |
| $1000 Deductible | $1,362 |
| $1500 Deductible | $1,285 |
| $2500 Deductible | $1,158 |
| $5000 Deductible | $980 |
| Home Insurance Company Near Anchorage, AK | Homeowners Insurance Agency Near Anchorage, AK | Address |
|---|---|---|
| State Farm | Art Dorsey | 9191 Old Seward Hwy Ste 6, Anchorage, AK, 99515-2032 |
| State Farm | Art Mathias | 3900 Arctic Blvd Ste 102, Anchorage, AK, 99503-5780 |
| State Farm | Glenn Marlin | 172 S Lamont Circle Ste C, Wasilla, AK, 99654 |
| Allstate | Pat Blakney | 3555 Arctic Blvd # 3, Anchorage, AK, 99503 |
| Allstate | Roy Briley | 1577 C St Ste 102, Anchorage, AK, 99501 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Knik River CDP, Alaska | $110 | $147 | $220 |
| Sunrise CDP, Alaska | $102 | $135 | $203 |
| Hope CDP, Alaska | $102 | $135 | $203 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Anchorage, AK | 3.8% | 11.4% |
| Knik River | 4.98% | 17.99% |
| Knik-Fairview | 4.32% | 16.72% |
| Gateway | 3.8% | 15.59% |
| Anchorage Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $300 to $499 | 1,360 | 3.0% | $1234 |
| $500 to $749 | 3,493 | 8.0% | $1909 |
| $750 to $999 | 10,453 | 26.0% | $2659 |
| $1,000 to $1,499 | 13,056 | 33.0% | $3784 |
| $1,500 or more | 9,832 | 25.0% | $5434 |
| Streets in Anchorage Area | Homeowners Insurance Cost |
|---|---|
| Gary Cooper Cir, Sanderlin St, Chipper Tree Cir, Dawn St, N Flower St, E 19th Ave, Bellevue Cir, Molanary Dr, Northgate Dr, Marthas Vineyard Cir | $915 |
| Ryan Ct, Jones Ave, Stewart Dr, W 8th Ave, Rinner Cir, Le Doux Ln, Wapiti Cir, Ambassador Dr, Willow St, Driftwood Bay Dr | $933 |
| E 75th Ct, Tangle Ct, Turnagain Bluff Way, Winterchase Cir, 8th St, St Johann Loop, Helvetia Dr, Dallon Cir, E Potter Dr, Damman Cir | $881 |
| Breakwater Cir, Juneau Dr, Big Spruce Cir, Talon Cir, Stargate Cir, Nicoli Way, Hanning Bay Cir, Jordan Cir, Elaine Dr, Silvertip Cir | $932 |
| Terrace Hills Dr, Laura Cir, Cordell Cir, Meyer St, Winter Ridge Ct, Lower Cranberry St, Lana Ct, Spruce Park, Sijan Ave, Vernye Pl | $906 |
| Bear Mountain Cir, W Lake Dr, W 10th Ave, Minerva Way, Wilma Ave, Mountain Plover Cir, Golden St, Career Center Dr, Lower Canyon Dr, Campbell Pl | $940 |
| Windflower St, Baywind Cir, Cameo Ct, New Market Dr, E 64th Ave, Postmark Dr, Woo Blvd, Rachel Cir, Davis Hwy, Penn Cir | $892 |
| N Muldoon Rd, Kershner Ave, Havenshire Pl, W 68th Ave, Taiga Ln, Golden Dawn Cir, Lorraine St, Seaforth Pl, Tamarra Cir, Alluvial St | $895 |
| E 104th Ave, Brittany Rock Way, Corrie Way, E 25th Ave, Park Place St, Elegante Ln, Nielson Way, Niltina Ln, Imlach Dr, Princeton Way | $940 |
| Lighthouse Ct, S St, Basher Dr, Hillcrest Dr, Blackberry St, Arne Erickson Cir, Ketch Cir, Driftwood Ave, Seal Point Cir, Gull Ave | $925 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Anchorage | $137 to $139 |
| Knik River | $132 |
| Sunrise | $121 |
| Knik-Fairview | $133 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,600 | $2,600 |
| Yearly Anchorage Homeowner Insurance Premium Example | $1,000 | $800 |
| Out of Pocket Expense During Claim | $1,600 | $2,600 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $9,600 | $9,000 |
| Net Savings to Anchorage Home Owner from High Deductible Plan | $600 | |
| Scenario | Anchorage, AK Home Replacement Value MORE than Home Value | Anchorage, AK Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $308,000 | $213,500 |
| Insurance Premium based on Replacement Value | $1,750 | $1,225 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $35,000 | Risk Exposure from Under Insuring Coverage is $59,500 |
| Premium Impact | Insurance cheaper by $325/year | Insurance costlier by $200/year |
| Insurance Company | Allstate | GEICO Insurance | Liberty Mutual |
| Monthly Premium | 81 | 78 | 157 |
| Year Built | 1999 | 1985 | 2014 |
| Home Details | 3 Beds, 1 Baths | 2 Beds, 1 Baths | 5 Beds, 2 Baths |
| Coverage Amount | $150000-$175000 | $175000-$200000 | $600000-$700000 |
| Deductible | $500 Deductible | $500 Deductible | > $10,000 Deductible |