Auto Insurance Minimum Anchorage Alaska AK

October 24, 2008 by visitor · Leave a Comment
Filed under: Auto insurance leads 

Reader’s Question:

I don’t want to beat around the bush. What is the minimum auto insurance I can get away with in Anchorage Alaska AK?

Jack

Anchorage, AK

Jack, buddy, I appreciate your candidness and I will reciprocate it with a very direct answer – you only need liability coverage when you register your car in the Department of Motor Vehicles in Anchorage Alaska AK. Liability coverage will ensure that if you were in a collision where you are the offending party, the victims will be fully assisted in their medical expenses and required repairs to the vehicle, by your auto insurance policy. To know how much liability coverage in Anchorage Alaska AK costs, try entering your zip code on the space at the top of this page. This search engine allows you to have five quotes from different auto insurance companies.

Liability insurance is usually stated by three numbers and written this way: number1/number2/number3. Number 1 corresponds to the amount allowed to cover bodily injuries per person. Number 2 corresponds to the amount allowed to cover bodily injuries per accident. Number 2 and number 1 will usually not correspond and a limit is usually imposed between them. Usually, it is the lower amount that caps the coverage. To illustrate, allow me to use some arbitrary figures: 30/60/20. This means that you have $30,000 maximum allowable amount for bodily injuries per person. If it so happened that you bumped a car with three persons on it, it would mean that you can have $90,000 coverage for the three of them. However, the second number – in this case 60, which stands for $60,000 – limits the amount allowed for bodily coverage per accident. So in this case, there will only be $60,000 available for medical expenses for the three passengers of the car. The third number – 20, which in this case means $20,000 – is very straightforward, and corresponds to the maximum allowed coverage for property damage (the car).

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