Alaska Motorcycle Insurance Costs and Comparison Guide

Alaska motorcycle insurance costs can be a significant expense for riders. The average cost of motorcycle insurance in Alaska is around $1,300 per year, which is higher than the national average.

In Alaska, you're required to have liability insurance with a minimum of $50,000 in bodily injury coverage per person and $100,000 in total bodily injury coverage. This is a state law that's designed to protect both you and others on the road.

The cost of insurance can vary depending on your location within Alaska. For example, if you live in Anchorage, your insurance costs may be lower than if you live in a more rural area. This is because insurance companies consider the risk of accidents to be higher in rural areas.

In Alaska, motorcycle insurance requirements are a must-know for riders. You'll need to carry a liability policy with a minimum of $50,000 for bodily injury or death to one person, $100,000 for total bodily injury or death if multiple people are hurt, and $25,000 for property damage.

To break it down further, the minimum liability limits per accident are as follows: $50,000 for bodily injury or death to one person, $100,000 for total bodily injury or death if multiple people are hurt, and $25,000 for property damage.

Here's a summary of the minimum insurance requirements in Alaska:

Note that these coverages only protect other persons when you are at-fault.

If you're a motorcycle driver in Alaska, Progressive is likely the best option for you. This is because it offers the most affordable rates along with good customer service.

The average cost of motorcycle insurance from Progressive is $19 per month for a full coverage policy. This is $7 per month cheaper than the statewide average.

Progressive's basic policy includes some great features that often cost extra with other insurance companies. These include full replacement cost coverage, original equipment manufacturer (OEM) parts, and $3,000 in custom parts coverage.

However, Progressive doesn't offer some common coverage add-ons like rental reimbursement coverage, trip interruption, or protection for your bike while it's on a trailer. This might be a consideration for daily riders and people who regularly travel with their bikes.

Progressive customers are typically happy with the service they get from the company. In fact, Progressive gets 35% fewer complaints than other major insurance companies, according to the National Association of Insurance Commissioners (NAIC) complaint index.

In Alaska, you're required to carry minimum standards in motorcycle insurance, which includes $50,000 liability coverage for bodily injury, $100,000 for death, and $25,000 for property damage.

To be more specific, your motorcycle insurance policy must include liability limits per accident of $50,000 for bodily injury or death to one person, $100,000 for total bodily injury or death if multiple people are hurt in the accident, and $25,000 for property damage.

Alaska's motorcycle insurance requirements can sometimes be written as 50/100/25, which breaks down to $50,000 in bodily injury liability per person and $100,000 per accident, as well as $25,000 in property damage liability per accident.

If you're a rider who's received a ticket for a violation of six points or more within the last five years, you must have liability insurance. You may also need more coverage than the state's minimum standards.

Here are the minimum insurance requirements in Alaska for motorcycles:

Remember, even if you're not required to carry motorcycle insurance in your area, it's still a good idea to have it to protect yourself and others in case of an accident.

If you're looking for motorcycle insurance in Alaska, you're in luck because most types of motorcycles are insurable, including standard bikes, cruisers, sport bikes, touring bikes, and scooters. You can find insurance for your particular bike, as long as you can register it with the Department of Motor Vehicles.

To find the right policy, consider your needs and lifestyle, and evaluate the coverage options available to you, such as liability, collision, and comprehensive insurance. You may also want to consider purchasing optional types of coverage, like medical payments, towing and labor, and higher liability limits.

Here are some common types of motorcycle insurance coverage to consider:

Securing cheap insurance in Alaska is achievable by being proactive when comparing quotes. Consider bundling your policies, increasing your deductible, shopping around regularly, and looking into usage-based insurance.

If you're in the market for a motorcycle, you'll want to consider the type of bike you're looking for. There are many different types of motorcycles out there, so it's worth doing some research to find the one that's right for you.

Some common types of motorcycles include standard bikes, cruisers, and sport bikes. These are all popular options that can be registered with your local Department of Motor Vehicles.

If you're looking for a bike that's perfect for long trips, you might consider a touring bike or sport touring bike. These bikes are designed for comfort and can handle a variety of road conditions.

Other options include dual-sport bikes, which are great for off-road adventures, and scooters, which are perfect for city riding. Underbones and mopeds are also popular choices for those who want a smaller, more fuel-efficient bike.

Here are some common types of motorcycles that can be insured in Alaska:

To get accurate insurance quotes, ValuePenguin collected data from four major motorcycle insurance companies serving Alaska. They obtained quotes for 33 of the largest cities and towns in the state.

The quotes were for a specific policy, which included comprehensive and collision coverage. This type of policy is often recommended for motorcycle owners.

A 45-year-old single man who owns a 2018 Honda CMX500 Rebel was the policyholder in question. This helps to standardize the data and make it more comparable.

The policy included various coverage options, including bodily injury liability and property damage liability. The liability limits were set at $50,000 per person and $100,000 per accident for bodily injury, and $25,000 per accident for property damage.

Other coverage options included uninsured and underinsured motorist bodily injury, with limits of $50,000 per person and $100,000 per accident. Uninsured and underinsured motorist property damage was also included, with a limit of $25,000 per accident.

Medical payments were also part of the policy, with a limit of $5,000. The comprehensive and collision deductible was set at $500.

The following coverage options and limits were included in the policy:

Property damage liability: $25,000 per accident

Uninsured and underinsured motorist bodily injury: $50,000 per person and $100,000 per accident

Uninsured and underinsured motorist property damage: $25,000 per accident

Medical payments: $5,000

Comprehensive and collision deductible: $500

To choose the right insurance policy, start by evaluating your needs. Consider your lifestyle, risk tolerance, and the value of your assets to decide on the coverage that fits you best.

You'll want to understand different coverage options, such as liability, collision, and comprehensive insurance. These options can help you tailor your policy to your specific needs.

If you're a young rider, be aware that the average cost of motorcycle insurance can be higher than for older riders. For example, motorcycle insurance for an 18-year-old can be quite expensive.

To save money, consider shopping around for cheap motorcycle insurance companies. Some companies may offer better rates than others, so it's worth doing some research.

Ultimately, the best motorcycle insurance company for you will depend on your individual circumstances and needs.

In Alaska, riders can find cheap motorcycle insurance with companies like Progressive, Geico, and Allstate, with monthly rates as low as $19.

To get the best deal, shop around regularly and compare quotes from multiple companies. This can help you find a great insurance rate, just like ValuePenguin did when they compared quotes across 33 cities in Alaska.

Increasing your deductible can also get you cheaper insurance, but make sure you can afford the higher deductible in case of a claim. This is a strategy that can be used by anyone looking to save on insurance costs.

Consider bundling your policies with a single insurance carrier to save on overall insurance costs. Many carriers offer discounts for bundling homeowners, auto, renters, or motorcycle insurance policies together.

Here are some of the cheapest motorcycle insurance companies in Alaska, based on a full coverage policy with collision and comprehensive coverage:

If you're a daily rider in Alaska, you'll want to consider insurance that's designed to meet your needs. Allstate is a great option, offering helpful coverage add-ons at an affordable price.

Their daily rider policy includes roadside assistance and towing and labor coverage, which can be very useful if your motorcycle is your main vehicle.

Rental reimbursement pays for a rental vehicle while your bike is in the shop after an accident. Towing and labor coverage pays for the cost of towing and labor if your bike breaks down on the side of the road.

Allstate also offers trailer coverage if you're in an accident while hauling your bike or off-road vehicle.

If you're looking to bundle your motorcycle insurance and home insurance, Allstate is a great choice. They offer some of the best home insurance in the country, and you'll earn a multipolicy discount when you buy both motorcycle and home insurance from them.

Here are some key features of Allstate's motorcycle insurance policy: