Alaska Car Insurance Requirements, Laws and Coverage
In Alaska, every car driver has to purchase liability insurance. The liability insurance limit is 50/100/25. The insurance must offer coverage of $50,000 per person for bodily injury that is caused by you. It should offer coverage of $100,000 per accident. For property damage, the insurance should offers coverage of $25,000 per accident.
When you are stopped by a police, you must show proof of your car insurance policy. The insurance identification card is often used to as proof. The car insurance company can offer a temporary insurance policy proof for every car that you insure. Some car insurance companies allow you to print the ID cards from their websites for free of charge. The insurance identification card is printed with the insurance company name, effective policy date, policy expiry date and policy number. It has a description about the car which you have insured. Your name will be printed on the insurance ID card as well. It is important that you carry the ID card with you no matter where you go. If you are unable to provide the insurance ID card, you will receive a traffic infraction. As a form of penalty, you will be fined by the traffic police. It will be recorded you your driving record. The insurance ID must be up to date.
Drivers should purchase more than the minimum amount so that they can be fully covered. Though PIP insurance is not required, buying it can help to pay for your expenses when you are involved in an accident. The PIP insurance will cover the medical costs, and compensate for your lost wages. It will also pay for other costs which arise from the accident. Alaska drivers don't have to purchase the uninsured/underinsured motorist coverage.
If you own a leased car, you need to purchase the collision and comprehensive coverage. The collision and comprehensive coverage are necessary for high profile car. If the cost of the premium and deductible is more than your vehicle's value, you don't have to buy it. It is important that you read your insurance policy before signing it. In addition, you should do research on the rates charged by different companies. You can get quotes from the online insurance websites by answering a few questions in the questionnaire. In this way, you will be able to find the insurance company that offers the cheapest price and save a great deal of money on insurance purchase.
Alaska Division of Insurance
- 9th Floor State Office Bldg.
- 333 Willoughby Avenue 99801
- PO Box 110805 Juneau, Alaska 99811-0805
- Phone: (907) 465-2515
- Fax: (907) 465-3422
Alaska Department of Transportation & Public Facilities
- 3132 Channel Drive
- PO Box 112500
- Juneau, AK 99811-2500
- Phone: (907) 465-3900
- Fax: (907) 586-8365