You might be able to rough it out living in Alaska, whether you’re in the city or a more undeveloped area, but sometimes your apartment and the possessions in it can’t. Whether it’s a break-in or a fire, not every apartment is equal, and accidents happen. These events can change the course of your life for the worse, but renters insurance is what will be able to get you back on your feet.
Yet how much might it cost, and where should you look to get coverage? We reviewed the providers, so you don’t have to, and have listed our results below.
Keep reading to learn more about renters insurance in Alaska:
The Five Cheapest Quotes:
We would like to note that our order might not be the same as your order, and depending on your specific needs and circumstances, you might get a slightly different experience than what you read here.
The number listed next to each provider is the average annual rate for a standard policy.
1) Allstate: $139
Allstate is generally the cheapest option for Alaska residents. Allstate may not get the most applause from customers, but its accessibility goes a long way. It also has the advantage of being one of the most comprehensive insurance providers, with a wide range of optional and additional features for renters to consider such as water damage coverage, identity theft restoration, additional business property coverage, and more.
It is one of the largest firms in the country, and that comes with several advantages. You will never have to worry about insolvency or turmoil that would affect you. They will also help you determine what coverage you need.
Advantages of working with Allstate:
- It is generally the least expensive option and best for a simple solution.
- Extreme ease-of-access with constantly available customer service and agents ready to help. This is paired with many online information and claim options.
- A well-known auto-insurance structure if you are looking for a bundle.
2) State Farm: $175
The second on-average cheapest provider is State Farm, another major provider of insurance services across the country. Still well below average, further discounts can be obtained via the installation of security and safety devices, and bundles can be utilized to drive the price down even further. This is helped in part by its wide network, which is also important to note, considering that Alaska might not be covered by all the major providers.
Some people might have issues with getting water coverage and business coverage isn’t included to a high level, and from some reports, local agents might not be on the same level as their best people.
Advantages of working with State Farm:
- A slightly above average level of coverage for a below average cost.
- A customizable onboarding and signup process.
- A very strong loss-of-use plan with many policies.
3) eRenterPlan: $300
The next selection is eRenterPlan, a provider the focuses heavily on ease of use and ease of access that partners with a variety of underwriters. Should you need to file a claim, you’ll likely work with those underwriters, although all of them are reputable.
What also makes them unique is that they will often offer more than other providers, even if they are often criticized for their someone expensive coverage for the base level of insurance you get. Other criticisms include difficulties canceling coverage, relatively few discount options, and a lack of customizability. We recommend them to those who want something straightforward and easy to manage, or for those just looking to fulfill a requirement.
Advantages of working with eRenterPlan:
- Ease of use and its pairing with many apartment managers and landlords.
- A variety of add-ons available, including pet damage coverage, several types of liability coverage, enhanced jewelry coverage, and others.
- It provides coverage practically anywhere, however basic it might be.
4) GEICO: $362
GEICO is one of the largest providers in the country and one of the cheapest options in Alaska. They’re a great choice for those who already get car insurance through them. Partnering with others in the region, they don’t often underwrite the policies themselves, which is something you’ll want to investigate further.
On the negative side, they don’t offer too many discounts outside of those you might get for installing safety measures, and it can be difficult to get flood insurance through them. By most other metrics, such as level of coverage or available options, they are an above-average company.
Advantages of working with GEICO:
- A strong and dedicated team of customer service professionals and agents.
- Pairing with some of the best auto insurance options in the industry.
- They are a professional organization that you can rely on.
5) Assurant Specialty Property: $410
The most expensive provider for Alaska that still makes this cut is Assurant Specialty Property. Yet you shouldn’t rule them out just because of their price. They offer low deductibles, meaning they might, in fact, be the cheapest should you need to make a claim. They also have strong theft coverage and a variety of billing options that might be more optimized for your financial situation.
A few people have reported claims issues and others have reported some lackluster customer service issues, which might be perfectly good reasons for you to strike Assurant off your shortlist.
Advantages of working with Assurant Specialty Property:
- An easy buying process that can only take minutes.
- Additional options such as identity fraud expense coverage, involuntary unemployment insurance, pet damage coverage, and replacement cost coverage.
- A great deal of flexibility when it comes to your level of coverage.
Renter’s insurance can be tricky to research and be certain about what you’re getting, especially given Alaska’s climate and relative remoteness from the rest of the United States, but with this research, we hope that you’re armed with the knowledge you need to make the right decision. Remember that the cheapest option might not necessarily be the best option, but you’re likely to get an excellent deal with one of the five options listed above.