Fairbanks Insurance Rates:

Fairbanks, AK homeowners insurance is roughly $752 to $1,021, about $62-$85/month. Our thorough analysis shows customers can save upto $354 by getting multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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How Much Does Fairbanks, Alaska, Homeowners Insurance Cost?

The average cost of homeowners insurance in Fairbanks, AK, is $825. Homeowners insurance is one of the most important types of insurance to have if you own a home. It protects your home and belongings in case of a covered loss, such as fire, wind damage, theft, or liability. Many types of homeowners insurance policies are available, so it's important to work with an experienced agent to find the right policy for your needs. The cost of homeowners insurance in Fairbanks, Alaska, will vary depending on the value of your home and the amount of coverage you purchase.

Whatever your need for homeowners insurance, it's critical to ensure you have the proper coverage. Consult an insurance professional about your requirements to make sure you are well-protected. This article will look into the price of homeowner's insurance in Fairbanks, Alaska, as well as the variables that could impact the cost of your premiums.

Homeowners Insurance Rates Based on the Amount of Coverage You Purchase in Fairbanks, AK

The coverage you need depends on the value of your home and your personal belongings. You should purchase enough coverage to replace your home and belongings if they are destroyed or damaged in a covered event, such as a fire. A policy with a higher coverage limit will cost more than a policy with a lower coverage limit. In Fairbanks, Alaska, homeowners can purchase home insurance for $900 for a $200K policy. In Fairbanks, Alaska, homeowners typically choose coverage between $100K and $300K, which costs $100 and $1741, respectively.

Cost of Homeowner's Insurance Based on the Materials Used in Fairbanks, AK

Homeowners insurance rates in Fairbanks, AK, are based on the materials used to construct your home. The most common type of home in Fairbanks is a frame home constructed with wood framing. These homes are typically more expensive to insure than homes built with other materials, such as brick or stone. For instance, homeowners in Fairbanks, Alaska, who built their homes with masonry or brick that is fire resistant pay $783.75 and $742.5 in insurance premiums, respectively.

Cost of Homeowner's Insurance Based on the Deductibles in Fairbanks, AK

When it comes to the cost of homeowners insurance, one of the most significant factors is the deductible. The higher the deductible, the lower the premium, but the more you have to pay out-of-pocket if you have a claim. Raising your deductible is one of the best ways to do it if you want to save money on your homeowners insurance. Homeowners in Fairbanks, Alaska, pay $694.16 and $630.14 in premiums for deductibles of $1500 and $2000. However, a $500 or $1,000 deductible costs homeowners $815.1 and $737.39, respectively.

Fairbanks, AK Homeowners Insurance By Home Value

Fairbanks, AK Home Value Total Homes % of Total Average Fairbanks, AK 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

Top Home Insurance Agents Near Fairbanks, AK

Home Insurance Company Near Fairbanks, AK Homeowners Insurance Agency Near Fairbanks, AK Address
NA Dunlap Agency 1305 21St Ave., Ste 203 Fairbanks, Fort Wainright, AK, 99701
Allstate Dave Mongold 230 Old Steese Hwy, Fairbanks, AK, 99701
State Farm Dick Randolph 610 12th Avenue, Fairbanks, AK, 99701-4643
Allstate Loa Carroll-Hubbard 617 Gaffney Rd, Fairbanks, AK, 99701
State Farm Shannon Fortune 324 Old Steese Hwy, Fairbanks, AK, 99701-3126

Fairbanks, AK Home Insurance Agents for Top Companies

Cost Of Homeowners Insurance By Street Near Fairbanks, AK

Streets in Fairbanks Area Homeowners Insurance Cost
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

Fairbanks, AK Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Fairbanks$132 to $135
South Van Horn$123
Farmers Loop$136

Fairbanks, AK Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
South Van Horn CDP, Alaska $123 $164 $246
College CDP, Alaska $134 $179 $269
Farmers Loop CDP, Alaska $136 $181 $272

Fairbanks, AK Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Fairbanks, AK4.0%10.7%
Farmers Loop3.63%10.49%

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

Fairbanks, AK Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Yearly Fairbanks Homeowner Insurance Premium Example $700$500
Out of Pocket Expense During Claim$1,600$2,600
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $7,200$6,600
Net Savings to Fairbanks Home Owner from High Deductible Plan $600

Fairbanks, AK Home Insurance Costs With Home Replacement Value Scenarios

Scenario Fairbanks, AK Home Replacement Value MORE than Home Value Fairbanks, AK Home Replacement Value LESS than Home Value
Replacement Value $235,000 $165,000
Insurance Premium based on Replacement Value $1,250 $875
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $41,000 Risk Exposure from Under Insuring Coverage is $29,000
Premium Impact Insurance cheaper by $150/year Insurance costlier by $225/year

Example Fairbanks Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company AllstateState FarmLiberty Mutual
Monthly Premium 1307848
Year Built 201419631975
Home Details 5 Beds, 4 Baths4 Beds, 2 Baths2 Beds, 1 Baths
Coverage Amount $400000-$500000$250000-$300000$100000-$125000
Deductible > $10,000 Deductible$1000-$2500 Deductible$500- $1000 Deductible

Sample Home Insurance Rates for Fairbanks, AK from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1964 230,000 Wood Shake Roof 2,500 4 $2500-$5000 Deductible 360 6 Vinyl siding yes
1979 85,000 Wood Shake Roof 930 2 $2500-$5000 Deductible 290 12 Vinyl siding No
1972 385,000 Shingles Roof 3,090 5 $1000-$2500 Deductible 270 2 Brick siding No
2013 245,000 Wood Shake Roof 2,680 5 $2500-$5000 Deductible 130 2 Wood siding No
1986 120,000 Wood Shake Roof 920 2 $1000-$2500 Deductible 210 5 Brick siding yes
1965 190,000 Composition Roof 1,600 2 $2500-$5000 Deductible 110 2 Stucco siding yes
1974 190,000 Composition Roof 2,140 3 $2500-$5000 Deductible 50 1 Vinyl siding No
1980 165,000 Asphalt Shingles Roof 1,530 2 $500 Deductible 250 5 Brick siding yes
1981 275,000 Wood Shake Roof 2,230 5 $500- $1000 Deductible 560 6 Fiber-Cement Siding No
1984 125,000 Composition Roof 1,260 2 $500- $1000 Deductible 290 6 Brick siding yes
1989 135,000 Shingles Roof 1,350 3 $2500-$5000 Deductible 40 1 Wood siding yes
2013 475,000 Shingles Roof 4,500 5 $1000-$2500 Deductible 250 2 Stone Siding yes
1984 360,000 Asphalt Shingles Roof 3,340 5 $2500-$5000 Deductible 120 1 Brick siding No
1978 405,000 Composition Roof 3,330 4 $5000 to $10,000 Deductible 1050 7 Brick siding yes
2014 305,000 Metal Roof 2,320 4 $5000 to $10,000 Deductible 360 7 Vinyl siding No
1973 175,000 Asphalt Shingles Roof 1,350 2 $1000-$2500 Deductible 170 2 Vinyl siding yes
1966 185,000 Tile Roof 1,870 4 $1000-$2500 Deductible 100 1 Stone Siding No
1962 165,000 Metal Roof 1,360 3 $500- $1000 Deductible 240 4 Brick siding No
1992 355,000 Membrane Roof 2,900 4 $500- $1000 Deductible 260 3 Vinyl siding yes
2011 110,000 Tile Roof 1,050 2 $500- $1000 Deductible 240 7 Vinyl siding No
1989 235,000 Slate Shingles Roof 2,020 4 $1000-$2500 Deductible 100 1 Vinyl siding yes
1991 110,000 Membrane Roof 940 2 $500- $1000 Deductible 260 7 Brick siding No
1981 145,000 Slate Shingles Roof 1,300 2 $2500-$5000 Deductible 250 7 Vinyl siding yes
2014 260,000 Slate Shingles Roof 2,440 5 $500- $1000 Deductible 110 1 Brick siding No
1986 290,000 Asphalt Shingles Roof 2,700 4 $1000-$2500 Deductible 690 8 Vinyl siding yes
1976 220,000 Slate Shingles Roof 2,080 5 $500 Deductible 840 9 Stucco siding yes
2014 250,000 Shingles Roof 1,920 5 $500- $1000 Deductible 450 5 Stucco siding yes
1990 305,000 Slate Shingles Roof 3,450 5 $500 Deductible 1210 8 Fiber-Cement Siding No
1962 495,000 Metal Roof 3,730 5 > $10,000 Deductible 690 6 Stone Siding No
1997 340,000 Composition Roof 2,920 4 $5000 to $10,000 Deductible 260 4 Wood siding yes
1986 145,000 Tile Roof 1,260 2 $2500-$5000 Deductible 260 6 Brick siding yes
1961 130,000 Slate Shingles Roof 1,330 2 $500- $1000 Deductible 510 10 Wood siding No
1962 95,000 Wood Shake Roof 940 2 $2500-$5000 Deductible 120 4 Wood siding yes

Latest Home Insurance Reviews

State Farm
They are head and heels better than any other company out there in covering the loss at hand. No one compares, and they provide more coverage.
State Farm
I would absolutely reccommend state farm for anyone looking for any kind of insurance. They are easy to work with, budget friendly and they go the extra mile.
I rate this insurance company a number five. When we needed insurance again this year, they were more than happy to cover us. See we live in the country and the house is 90 years old.
I have had a little bit of experience with home insurance companies. My best, overall experience was with Geico. They were very quick on processing claims I have made and showed concern when making a claim.
The premium is a bit better than the competition. on a scale of 1 to 5, where 5 means you are completely satisfied with the premium, and 1 means you are completely dissatisfied.
Liberty Mutual
Yes, Liberty Mutual Insurance Is Expensive.It May Be Well Worth It. Liberty Mutual Insurance sure isn't the cheapest deal. ... In fact, spending more on your insurance policy can actually save you money in the long run.
allstate is good thats the only one we ever used so i cant really give you the run down on how it compares to others i just know it fits us best and gets the job done
Liberty Mutual
I'd give them a 4. We haven't had much in the way of claims on our policy, but any time we've had questions about the policy, coverage, or premium, they've always been very friendly and responsive to our concerns.
I also like that they have a good reputation as a company. they have lots of advertisements and everyone knows the company by name and they are known for having good service and good value.
It's easy to use and pretty straightforward. Navigation is clear for general payment and policy information. Things get a little bit trickier when you are looking for very specific details or contact information.
It's easy to access anytime, very quick to respond.
I like that it's easy to pay via their website. I like that the policy in the years we have been with them has not gone up much. I hate that with most insurances we never use them yet pay so much to have them.
Liberty Mutual
I would recommend because even though I've had limited interaction, I usually get a call back within 24 hours of my call.

How To Make Your Fairbanks, AK Home Insurance Cheaper

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