Fairbanks, AK Home Insurance - Analysis On Quotes, Rates & Agents
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.
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
| Place | Savings For Senior Occupied Homes |
|---|---|
| Fairbanks | $132 to $135 |
| South Van Horn | $123 |
| College | $134 |
| 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
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Fairbanks, AK | 4.0% | 10.7% |
| College | 3.73% | 11.39% |
| Farmers Loop | 3.63% | 10.49% |
| Badger | 3.9% | 13.77% |
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 Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,600 | $2,600 |
| 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 | Allstate | State Farm | Liberty Mutual |
| Monthly Premium | 130 | 78 | 48 |
| Year Built | 2014 | 1963 | 1975 |
| Home Details | 5 Beds, 4 Baths | 4 Beds, 2 Baths | 2 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 FarmThey 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 FarmI 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.
TravelersI 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.
GeicoI 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.
GeicoThe 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 MutualYes, 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.
Allstateallstate 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 MutualI'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.
GeicoI 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.
GeicoIt'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.
GeicoIt's easy to access anytime, very quick to respond.
AllstateI 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 MutualI would recommend because even though I've had limited interaction, I usually get a call back within 24 hours of my call.