The 3 Best Alaska Homeowners Insurance Companies

Alaska’s unique geographic location makes the state particularly susceptible to natural disasters and hazards like flooding, earthquakes, wildfires, and landslides — not to mention extreme winters and heavy snow. That being said, homeowners insurance rates in Alaska remain relatively low.

The state’s average is $942 a year, nearly $100 less than the national average. Homeowners in Alaska can protect their most valuable assets by selecting an insurance policy that is comprehensive and safeguards against the potential perils associated with living in the Last Frontier.

After researching various Alaska homeowners insurance policies, we’ve come up with our picks for top providers in the state. We’ve also included a quote tool you so can compare policies and prices to better determine the ideal combination that will work for your home and budget.

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

State Farm

State Farm has been around for over 90 years, owns the largest share of the Alaska homeowners insurance market and has one of the most extensive claims networks in the world — so you can feel secure with the quality of service you’ll receive.

The standard policy from State Farm covers damage done to your dwelling by fire, lightning, wind storms, frozen pipes, or theft. State Farm offers this coverage for nearly every type of common dwelling including condominiums, manufactured homes, single-family homes, and farm/ranches.

Add-on policy options, like flood insurance, home business insurance, and identity restoration coverage, can be purchased from State Farm to increase protection following a loss.

Alaska homeowners can take advantage of State Farm’s online resource center and Pocket Agent mobile app, which offer high-quality policy management and claim-reporting tools. The HomeIndex from State Farm, for example, allows you to take an inventory of your home to better keep track of your possessions and file an accurate claim in the event of a disaster.

Allstate

Allstate is a great choice for homeowners insurance in Alaska because the company offers competitive rates and discounts as well as some of the best educational tools and resources in the market.

With Allstate, you can build a customizable policy to include the extra protections you need depending on your specific living situation. Optional coverages include business properties, sports equipment, musical instruments, yards/gardens, and electronic data recovery — so you can protect what matters most without paying for what doesn’t.

Specialty features such as Allstate’s Claim RateGuard, which ensures that your premium won’t go up just because you file a claim, can also provide extra benefit to your policy and save you money in the long run.

Where Allstate really excels, however, is in their customer-focused policy management tools. The Allstate resource center features videos, articles, and interactive calculators and checklists to help you stay educated on keeping your home safe. Allstate’s Premium Gauge allows you to directly view the impact that different variables, such as installing a burglar alarm or renovating your home, have on your annual premium rate.

Country Financial

Country Financial holds an A+ (superior) rating from A.M. Best and is a popular choice for cheap homeowners insurance in Alaska. The company offers three tiers of coverage:

Basic coverage includes protection from damage made to a dwelling due to fire or lightning, vandalism or theft, and frozen pipes.
Premier coverage includes all elements of basic coverage along with increased accident protection for things like paint spills, countertop burns, and power surge damage to appliances.
Combination coverage provides basic coverage for your belongings and Premier coverage for your home.

Each Country Financial policy includes liability coverage to protect you from being held responsible if someone is hurt on your property. The company offers add-on coverage options for valuables, additional risks like earthquake damage, and flood protection through the National Flood Insurance program. Country Financial also allows you to opt for extended and additional replacement cost coverage options, so you can have peace of mind knowing your home can be rebuilt and restored after a loss regardless of your policy limits or current construction costs.