Fairbanks, AK Auto Insurance Rates, Quotes, Agents & Reviews
Zimlon, through its research, found that car owners in Fairbanks, AK, can avail multiple discounts on car insurance by taking various factors into consideration. These factors are explored in detail by Zimlon in the analysis below.
Best Auto Insurance Rates in Fairbanks, AK
The average cost of car insurance in Fairbanks, AK is $1147. Auto Insurance quotes vary widely based on individual rating factors which are explored more thoroughly by Zimlon below. The cheapest type of auto insurance that a person can have varies depending on their age and location when purchasing it as well as other various different requirements set forth by state law or any company they may be buying from with a range of rates.
Check out the factors and related discounts available in Fairbanks, Ak in detail given below.
Multi Car Insurance Rates
Car owners in Fairbanks can save money on insurance by bundling coverage from the same provider. Bundled rates are lower because one company is handling your policies and claims instead of multiple companies.The average savings one can get are as follows;
Based on age age of the driver
The insurance rates for teenagers and young drivers are inflated because they are seen as more irresponsible behind the wheel. In Fairbanks, teens pay a higher average of $3722 in auto insurance costs than older adults aged 30-40 years old who only spend an average of $1135 and $1092 respectively. Fairbanks car owners can get cheaper insurance rates by comparing age of driver-based policies and taking advantage of discounts like good student/driver discount or defensive driving.
Based on credit score
Car insurance can be cheaper for car owners who have excellent credit scores and clean driving records. Zimlon's research found that in Fairbanks if you are an "excellent" driver with a score of 800 and more, your average annual premium is 984 but when you make the same decision with more than one minor infraction or traffic violation on record less than 600, which could affect how much risk insurers see as acceptable to insure drivers like yourself at any given time, then your premiums will shoot up by 100%. In other words, car owners with good credit scores pay less than the average insurance cost whereas car owners with poor credit scores pay upto $1871 as their premium.
Based on security features
Cars that are equipped with safety devices not only protect the vehicle and passengers but can also save money.Car insurance companies will provide discounts to guardians of the road who install as many protective measures on their vehicles. The cost savings vary depending on which type or number of protective features have been installed. Zimlon’s research found that car owners in Fairbanks can reduce their auto insurance costs to $1067 by installing passive disabling devices. Installing features like an audible alarm or an active disabling device can also reduce the insurance costs to $1101 in Fairbanks. Average Insurance cost for cars with active tracking devices is $1078 .
Factors that can influence the cost of car insurance in Fairbanks, AK are listed below. It is imperative to understand these factors in order to reduce the cost of car insurance. It is also essential to strike a balance between the cost of insurance and the coverage requirements.
- Fairbanks, AK Auto Insurance Rates
- Fairbanks, AK Auto Insurance for Different Deductible
- How the Age of Driver Affects Insurance Rates in Fairbanks, AK
- Multi Vehicle Insurance Savings in Fairbanks, AK
- How Credit Score Affects Car Insurance Rates in Fairbanks, AK
- How DUI Affects Auto Insurance Premiums in Fairbanks, AK
- Top Auto Insurance Agents Near Fairbanks, AK
- How Driving Violations Affect Auto Insurance Rates in Fairbanks, AK
- Fairbanks, AK Auto Insurance Discounts on Anti Theft Feature
- Fairbanks, AK Auto Insurance Company Reviews
Fairbanks, AK Auto Insurance Rate Comparisons with Neighboring Locations | Back to Top
The following table compares the cost of insurance in Fairbanks, AK with that of other cities in and around Fairbanks.
| Fairbanks | South Van Horn | Farmers Loop | Fox | College | Steele Creek | |
|---|---|---|---|---|---|---|
| Average Insurance Rates | $1,147 | $1,066 | $1,298 | $1,890 | $1,499 | $1,511 |
Fairbanks, AK Auto Insurance Rates vary Based on Deductibles in Neighboring Cities | Back to Top
The following table makes a comparison of the variation in car insurance rates in and around Fairbanks, AK based on the change in deductibles. A higher deductible leads to a decrease in the cost of car insurance.
| Location | Low Deductible ($500) | High Deductible ($1000) |
|---|---|---|
| Fairbanks | $1,602 | $1,353 |
| South Van Horn | $1,391 | $1,175 |
| College | $1,506 | $1,272 |
| Farmers Loop | $1,418 | $1,198 |
| Badger | $1,529 | $1,291 |
| Fox | $1,947 | $1,644 |
| Steele Creek | $2,109 | $1,782 |
| North Pole | $1,166 | $985 |
Fairbanks, AK Auto Insurance Rates Based on the Age of the Driver | Back to Top
Teenagers in Fairbanks, AK usually pay a much higher car insurance rate compared to the rest of the state as they are generally considered to be less responsible behind the wheel. Middle-aged drivers are likely to pay lower car insurance premiums if they are considered to be safer drivers by insurance companies.
| Age of Driver | Insurance Cost |
|---|---|
| Teens | $3,722 |
| 20 Years | $1,474 |
| 30 Years | $1,135 |
| 40 Years | $1,092 |
| 50 Years | $1,011 |
| 60 Years | $1,025 |
| 70 Years | $1,194 |
Fairbanks, AK Car Insurance Discounts for Multi-Car Insurance | Back to Top
Car owners in Fairbanks, AK can obtain discounts if they insure multiple vehicles with the same insurer. The average savings one can obtain are as follows:
| Number of Cars | Auto Insurance Cost | Total Savings |
|---|---|---|
| 2 Vehicles | $1,996 | $298 |
| 3 Vehicles | $2,994 | $447 |
| 4 Vehicles | $3,992 | $596 |
Savings on 2 Vehicles bundle:$298
Savings on 3 Vehicles bundle:$447
Savings on 4 Vehicles bundle:$596
Fairbanks, AK Post- DUI Auto Insurance Rates | Back to Top
Driving Under Influence (DUI) can be an added burden on your wallet. The cost of auto insurance will go up post-DUI. The below graph does a comparison of auto insurance rates before and after DUI in and around Fairbanks, AK.
| Location | Average Insurance Cost | Post DUI Insurance Rate |
|---|---|---|
| Fairbanks | $1,147 | $1,790 |
| South Van Horn | $1,066 | $1,664 |
| College | $1,499 | $2,340 |
| Farmers Loop | $1,298 | $2,026 |
| Badger | $1,157 | $1,806 |
| Fox | $1,890 | $2,950 |
| Steele Creek | $1,511 | $2,359 |
| North Pole | $1,155 | $1,803 |
Fairbanks, AK Auto Insurance Rates Based on Credit Score | Back to Top
Car insurance companies can use the Credit Score of car drivers to determine car insurance rates. Car drivers with good credit can avail of substantial discounts on car insurance rates.
| Credit Score | Insurance Cost |
|---|---|
| Exceptional (800-850) | $984 |
| Excellent (740-799) | $1,123 |
| Good (670-739) | $1,195 |
| Average (580-669) | $1,559 |
| Poor (300-579) | $1,871 |
Fairbanks, AK Auto Insurance Agents | Back to Top
Car owners can obtain quotes from multiple auto insurance companies. Comparing different quotes can help identify the cheapest auto insurance provider best suited for their coverage needs.
| Agent Name | Company | Agent Address | Contact Details |
|---|---|---|---|
| Katherine Hood | Allstate | 2957A Santa Patricia Ct, North Pole, 99705 | (907) 488-7033 |
| Tammy Randolph | State Farm | 450 S Santa Claus Ln, North Pole, 99705-7818 | 907-488-7082 |
| Dick Randolph | State Farm | 610 12th Ave, Fairbanks, 99701-4643 | 907-456-7787 |
| Jim Matherly | Allstate | 3425 Airport Way, Fairbanks, 99709 | (907) 479-9090 |
| Jim Kelly | State Farm | 1401 Turner St, Fairbanks, 99701-6161 | 907-457-3276 |
| Kris Yoder | State Farm | 3637 Airport Way Ste 109, Fairbanks, 99709-4782 | 907-328-9022 |
| Max Roberts | Allstate | 3677 College Rd Ste 7, Fairbanks, 99709 | (907) 457-1600 |
| Loa Carroll-Hubbard | Allstate | 617 Gaffney Rd, Fairbanks, 99701 | (907) 474-8002 |
| Dunlap Agency | None | 1305 21St Ave., Ste 203 Fairbanks, Fort Wainright, 99701 | None |
| Dave Mongold | Allstate | 230 Old Steese Hwy, Fairbanks, 99701 | (907) 452-4260 |
| Rural Alaska Insurance Agency | None | 3180 Peger Road 3180 Peger Road, Fairbanks, 99709 | None |
Fairbanks, AK Auto Insurance Rates can Increase Based on Driving Violations | Back to Top
Auto insurance rates tend to increase depending on the type and number of driving violations. The driving violations can stay on the record for a considerable amount of time leading to higher auto insurance rates. The severity of the driving violation and place of residence will determine how long the violation stays on record.
| Driving Violation | Cost Increase | Total Insurance Cost |
|---|---|---|
| Driving Without Headlights | +$50 | $1,197 |
| Driver's Failure In Showing Documents | +$111 | $1,258 |
| Driving With An Expired Registration | +$118 | $1,265 |
| Driving At A Considerably Slow Pace | +$249 | $1,396 |
| Using A Cellphone While Driving | +$263 | $1,410 |
| Running A Red Light | +$267 | $1,414 |
| Speeding | +$281 | $1,428 |
| Driving A Vehicle Without The Required Permission | +$357 | $1,504 |
| Driving With An Expired/Suspended License | +$773 | $1,920 |
Fairbanks, AK Auto Insurance Rates Based on Anti-Theft Feature | Back to Top
Cars that are equipped with safety devices are less prone to thefts. As a result, auto insurance companies provide a considerable amount of discounts to vigilant car owners. The discounts vary depending on the type and number of safety devices installed.
| Anti Theft Feature | Insurance Cost |
|---|---|
| Audible Alarm | $1,101 |
| Active Disabling Device | $1,101 |
| Tracking Device | $1,078 |
| Passive Disabling Device | $1,067 |
Latest Auto Insurance Reviews in Fairbanks, AK | Back to Top
State FarmI'm overall satisfied. It's simple to maintain insurance, my monthly payment isn't crazy high, and I get a discount for having two cars on my plan.
AllstateI think they are an average company and have the same things to offer as most other insurance companies. I haven't found anything special or different about them.
ProgressiveI would highly recommend this company due to their incredible customer service and their great deals.
State FarmI would strongly recommend State Farm to any person. State Farm has excellent employees and excellent customer department. State Farm takes care of all my needs and questions.
Liberty MutualLiberty Mutual has provided great value.When I compared companies 6 years ago, they were the winner.I recently added a third vehicle to my policy and due to the multi-car discount, actually ended up paying LESS for my overall policy!
AllstateI had a lapse in coverage for several months and therefore was not able to get insurance through the company that I had used for insurance coverage in the past. In order to have service through that company again, I have to be continuously insured for a minimum of 1 year by another insurance company until I qualify again.
Progressivei don't have anything that i dislike about the company, anything i've ever needed, they took care of it with no problems.