Do You Want Cheaper Auto Insurance Rates in Alaska?
Reader’s Question:
I haven’t paid too much attention on our auto insurance until now because we’d want to save as much as we could. In what ways do you think I can be able to have cheaper auto insurance here in Alaska?
Laken
Anchorage, AK
The first thing that you could to do have cheaper premiums on your auto insurance in Alaska is to review your policy. After that, you may speak with an insurance agent regarding the deductibles on your policy and coverage choices on each kind of required coverage. The most important ones include basic, collision and comprehensive coverage and of course, uninsured motorist coverage would cost extra. You may ask your agent or the auto insurance company itself for different quotes with specific groupings of coverage as well as deductibles.
You may also reduce your basic insurance coverage to the least amount that you feel secure with. In the state of Alaska, the minimum amount would be $50,000 per person and $100,000 per accident, which would be the payment the insurance provider would cover for every injured individual, and its overall cost. At times, this involves medical expenditures that, again, would have additional cost. You may opt to lessen your property damage coverage as well to the least amount required. Lastly, get as high deductibles as you can for comprehensive and collision coverage and observe the amount that you can save. Say, a deductible of $1000 would save you over $20 each month against a deductible of $500, it more likely wiser to get higher deductible.
What To Expect From an Auto Insurance Company in Anchorage Alaska
Reader’s Question:
What are the things that an insurance company will be asking me if I am applying for an auto insurance policy here in Anchorage, Alaska?
Norman
Anchorage, Alaska
If you are applying for an auto insurance policy in Anchorage, Alaska, the insurance company will be asking you important details about you and your current auto insurance policy. They have to know certain factors to ensure that they are properly pricing your insurance policy. You will be asked how many people are living in your household. Some insurance providers require you to list everyone in the household who don’t have their own insurance. Then, they also need to know how old you were when you got your driver’s license. This would determine the driving experience that you have.
There may be a difference in the insurance rates if you’re married as it could show that you’re more settled. Also, if you have children in the household but you’re not married, you could be eligible for the same discount as married. You will also be asked if you got tickets, accidents and/or claims in the last three to five years, including accidents that that were not at-fault. Lastly, the insurance provider would ask you regarding the coverage that you have now — your liability limits, medical expense limit (if any), deductibles, etc.
DUI Charge Caused Your Auto Insurance Rate To Increase?
Reader’s Question:
My dad has an auto insurance policy in affect, but after his DUI charge will it affect his annual premium?
Jane
Anchorage, AK
If your dad is currently enrolled in an auto insurance and had that policy in effect, then you don’t have to worry for now. Most insurance companies, especially in Alaska where driving and road regulations are stricter, may do random driving records check. If they find out that their member got arrested or convicted with a DUI, they would either not renew your dad’s contract upon policy expiration or increase premium rates and deductibles. There are several High Risk companies that may take you. These are what we call non-standard companies and usually offer triple increase on premium rates as well as deductibles.
If he is currently enrolled in a preferred insurance company, tell him to sit tight and try to avoid such DUI cases and don’t make any waves. He should keep his premium payments on time and do not let it be canceled. He can check other insurance companies that are not High risk that can offer him better rates for better coverage. But beware that there may be insurance companies that writes new policies that needs to order his driving record and find out about previous driving tickets and DUI cases if there’s any. This may create a huge impact on the cost of the policy. He can check through this web site for available post DUI insurance policies.