Auto Insurance In Alaska
Readers Question
My boyfriend will be insuring his auto soon. What important information can you tell us about auto insurance in Alaska?
Beth
Anchorage, AK
In most cases, liability coverage is the only type of auto insurance that is required in the state of Alaska. To be specific, the auto insurance in Alaska requires the minimum liability coverage of:
$50,000 for every person for Bodily Injury
$100,000 for every accident for Bodily Injury
$25,000 for every accident for Property Damage.
Meanwhile, according to Alaska Statute 28.22.019, whenever you operate your vehicle you must present a document providing proof that you have the required auto insurance coverage here. Also, if you get involved in an accident that resulted to other people or properties damage of more than $501, you will be required to show proof of auto insurance. Failure to do this could result to suspension of your driving privileges and to have your licenses reinstated you must provide proof of financial responsibility in the form of SR22.
On the other hand, if you are wondering on how you can save on your auto insurance in Alaska, you may want to check these discounts
Multiple Vehicle Discount: Majority of auto insurance carriers offer this kind of discount if you will be insuring more than one vehicle. According to statistics, families who have more than one vehicle insured under the same auto insurance provider have better than average claims experience
Drivers Education Program: Discounts offered for this are targeted mainly for younger and mature drivers. If you have enrolled in such course, you may get a discount from your auto insurance provider.
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