Alaska Auto Insurance

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Alaska Auto Insurance

Alaska Auto Insurance Requirements

Alaska, like other states, requires owners and operators of vehicles registered in the state to carry liability insurance. With this type of insurance, the insurer of the person found to be legally at fault for an accident will cover the costs of medical expenses, lost wages, and funeral costs, as well as the costs to repair damage to property belonging to the other parties involved in the accident resulting from the at-fault driver’s negligence. These costs are paid by the insurer regardless of the circumstances that caused the accident including being under the influence of drugs or alcohol, adverse weather, and not stopping for a red light.

Alaska Minimum Liability Coverage

Alaska state law puts the minimum liability coverage limits at 50/100/25. This breaks down to bodily injury coverage of $50,000 per person, $100,000 bodily injury coverage per accident, and property damage coverage of $25,000 per accident. To make it easier to understand, in an accident in which just a single person in the other vehicle suffered injury, up to $50,000 will be paid towards that person’s bodily injury expenses. When multiple persons are involved, up to $100,000 will be paid towards their combined bodily injury expenses. Damage to any property in need of repair as a result of the accident including the other driver’s vehicle, signage, buildings, etc. is covered up to $25,000.

Although Alaska law requires minimum liability coverage amounts that are higher than that which other states require, vehicle owners and operators should take time to consider carrying liability amounts in excess of the minimum state requirements.

Juneau branch of the Alaska Division of Insurance

To learn more about Alaska auto insurance coverage requirements and other types of auto insurance coverage not mandated by the state but that may be required by lenders, or that may protect drivers against un- or underinsured motorists, and other optional coverage, visit http://www.dced.state.ak.us/insurance/. You can also contact the Juneau branch of the Alaska Division of Insurance at (907) 465-2515 or the Anchorage branch at (907) 269-7900.

 

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