Anchorage, Alaska Car Insurance

Anchorage is by far the largest city in Alaska having about 279,000 people and serving as the anchor for around 360,000 people. In fact, almost forty percent of the residents of the entire state live in the Anchorage metropolitan area. The city serves as the state's primary transportation hub and is the focus of most industry in the state. The petrochemical industry, drawn by Alaska's oil and natural gas reserves is centered here. Anchorage has weathered the economic crisis reasonably well and continued to register regular growth. The two major military facilities Elmendorf Air Force Base and Fort Richardson also play a key role in the city's economy.

Not surprisingly, Anchorage also has the highest number of motor vehicles on the roads and the largest number of traffic accidents. In 2007, Anchorage had 5,412 traffic accidents, almost seven times as many as the next worst city for traffic accidents (Fairbanks). Of these twenty-seven of the accidents resulted in fatalities, and one hundred and forty three resulted in major injuries. This makes Anchorage easily the most dangerous city to drive in throughout Alaska. In fact, no other city comes even close to these numbers and this is something that the insurance companies will take into account when determining the appropriate premiums.

Alaska is similar to many other western states in that it does not specifically mandate that driver must have insurance per se. Instead, drivers can post a bond for a fixed amount of money or insure themselves, but these arrangements have to be reviewed and approved by the Alaska Division of Motor Vehicles. Generally speaking, these alternative arrangements require the driver to lay aside thousands of dollars, so most people can only meet the financial responsibility requirements by purchasing insurance. The bonds or self-insurance options are usually only available to the very wealthy.

Car Insurance in Alaska

Anchorage Car Insurance
Bethel Car Insurance
Fairbanks Car Insurance
Juneau Car Insurance
Kenai Car Insurance
Ketchikan Car Insurance
Kodiak Car Insurance
Palmer Car Insurance
Sitka Car Insurance
Wasilla Car Insurance