The Cheapest Renters Insurance Quotes in Alaska (2025)

Best Cheap Renters Insurance in AK

$14/mo

State Farm: Best for most people

State Farm: Best for most people

$13/mo

Allstate: Best for cheap rates

Allstate: Best for cheap rates

USAA: Best for people in the military

USAA: Best for people in the military

Cheapest renters insurance in Alaska

Allstate has the cheapest renters insurance in Alaska, at $13 per month for $30,000 of personal property coverage. That's 45% cheaper than the state average.

Compare Cheap Renters Insurance in Alaska

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AutoHomeLifeMotorcycleRentersHealthMedicare

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Age16-2021-2425-3435-4445-5455-6565+

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Alaska renters should compare quotes from State Farm, too. Renters insurance from State Farm costs $14 per year — just one dollar more per month than Allstate.

Cheapest renters insurance companies in Alaska

Company		Monthly cost
	Allstate		$13
	State Farm		$14
	Assurant		$27
	Progressive		$32

Best renters insurance in Alaska for most people: State Farm

Editor's rating

Editor's rating

• Cost

  This analysis used renters insurance quotes for 21 of the largest cities in Alaska. Read our methodology.

  $14/mo

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From the Experts

State Farm offers the best combination of cheap rates and reliable customer service in Alaska.

Pros & Cons

• Affordable coverage

• Renters-auto bundling discount

• Flood insurance available

• Good customer service

• Few discounts

More about State Farm

State Farm offers the best renters insurance for most renters living in Alaska. A policy from State Farm costs an average of $14 per month. That's 45% cheaper than the average price of insurance across the state, and only $1 per month more than the cheapest option overall.

You won't find many discounts at State Farm, but the company offers a few, including one key one: a bundling discount. If you buy your renters and car insurance from State Farm, the company will give you a discount on both. State Farm is also one of the cheapest car insurance companies in Alaska.

Renters will find fairly good coverage options at State Farm, including flood and earthquake protection. Alaska is prone to earthquakes, especially in southern AK near the Denali fault. State Farm also offers replacement cost coverage, which provides the full cost to buy an item if it's damaged or stolen — not just what it was worth at the time of the incident.

State Farm renters insurance coverage options

• Earthquake coverage
• Replacement cost coverage
• Water backup
• Identity theft

• Valuable items
• Extended liability

State Farm's customer service is middle of the road, but it's among the best widely available options for Alaska renters. It performed a little better than average in J.D. Power's renters insurance satisfaction survey but receives slightly more complaints than a typical renters insurance company.

Cheapest renters insurance quotes in Alaska: Allstate

Editor's rating

Editor's rating

• Cost

  This analysis used renters insurance quotes for 10 of the largest cities in Alaska. Read our methodology.

  $13/mo

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From the Experts

Allstate has some of the cheapest renters insurance in Alaska.

Pros & Cons

• Cheapest quotes in Alaska

• Large discount for bundling policies

• Mediocre customer service

• Not available statewide

More about Allstate

Allstate has the cheapest insurance for Alaska renters, at $13 per month for $30,000 of personal property coverage. That's about $10 per month less than the Alaska state average.

Renters who have a car can take advantage of Allstate's bundling discount for even more affordable rates. If you purchase renters and car insurance policies from Allstate, you can usually save between 2% and 3% on both policies.

Renters can also get discounts by setting up autopay or paying for a yearlong policy up front.

However, renters who choose Allstate will be sacrificing customer service for cheap rates. Customers are relatively likely to be unhappy with the service they receive. The company receives about 30% more complaints than other similar-sized insurers, according to the NAIC.

Unfortunately, Allstate also doesn't sell renters insurance statewide. It only offered quotes in about 45% of the cities ValuePenguin surveyed.

Best renters insurance for military members in Alaska: USAA

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From the Experts

USAA offers excellent service, but only if you're connected to the military.

Pros & Cons

• Top-rated customer service

• Includes replacement cost coverage

• Military-specific benefits

• Only available if you have a military connection

• No in-person offices

More about USAA

Military members living in Alaska should consider renters insurance from USAA. The company offers top-rated customer service.

You're eligible for a USAA renters insurance policy if you're a current or former member of the U.S. armed forces, or if your parent or spouse has had a USAA policy.

A basic renters insurance policy from USAA includes replacement cost coverage. That means the company will pay you enough to replace any property damaged in a covered loss with brand-new items.

USAA renters insurance offers some military-specific benefits, too. If you're on active duty, your uniform and other equipment are covered by your policy with no deductible. And your policy will cover losses that occur in active war zones outside the U.S. Most insurance companies don't permit you to make a claim for an active conflict.

USAA has some of the best customer service in the insurance industry. It received the best score of any company in J.D. Power's annual satisfaction survey, and has far fewer complaints than its competitors. Customers are very likely to be happy with the service they receive.

So long as you're eligible, the only downside to USAA is the lack of in-person service. Unlike most insurance company top picks, it doesn't have any offices in Alaska. That means you'll have to sign up, manage your policy and make claims over the phone or online.

Alaska renters insurance costs: Cost by city

Coverage may also be hard to come by at all in Bethel. Among major companies in Alaska, only one offers coverage in Bethel: Progressive.

The cheapest city in Alaska for renters insurance is the state capital, Juneau, where the average rate is $21 per month. That's 10% below the state average.

Tips for getting cheap renters insurance in Alaska

Don't buy more coverage than you need. The dollar amount of coverage you buy should equal the value of your belongings (plus a little extra for a buffer). If you have a higher level of personal property coverage than you need, you're overpaying.

But don't buy too little coverage, either. Doing so means you won't be fully reimbursed when making a claim.

You can save hundreds of dollars per year without sacrificing coverage by comparing quotes. The cheapest Alaska renters insurance, Allstate, costs $233 less per year than the most expensive option, for the same level of coverage.

You should always compare quotes each year because rates can change over time. The cheapest company today might not be the same one as last year.

Most Alaska renters insurance companies offer discounts to lower your rates.

The best discounts for renters insurance are generally for bundling with your auto insurance, and for paying your annual bill up front, instead of one month at a time.

Common renters insurance discounts in Alaska

What renters insurance do I need in Alaska?

Wildfires

About 300,000 acres burned in Alaska in 2023, which made up about one-tenth of the total U.S. wildfire area in 2023.

Renters insurance policies will usually pay for damage caused by fire and smoke. However, if you live in a remote area at high risk for a wildfire, you may need to check with several companies to find one that will sell you coverage.

Flood insurance for Alaska renters

Instead, damage from a flood is covered by flood insurance. If you live in a rental house or first-floor apartment that is at risk of flooding, you will need to buy a separate policy, either from the National Flood Insurance Program (NFIP) or a private insurance company. Your renters insurance company may sell flood coverage, but you aren't required to buy the two policies from the same company.

Alaska renters insurance trends

Alaska renters insurance rates went up between 0.2% and 23.4% over the last six years, depending on the company.

Renters insurance prices, on average, saw little to no increase between 2020 and 2022, but then went up slightly by 3.9% across 2023 and 2024.

Among the major AK insurers, the biggest increases have been at IAT Reins Co (23.4%), USAA (23.3%) and Country Insurance (15.3%).

Renters insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).

Frequently asked questions

Methodology

ValuePenguin collected quotes from across Alaska's 22 largest cities for a single 30-year-old woman who has never filed a renters insurance claim. Coverage limits include:

Customer service ratings were created using cost data, information from the National Association of Insurance Commissioners (NAIC) complaint index scores and J.D. Power's renters insurance customer satisfaction study rankings.

These rates should be used for comparative purposes only. Your quotes will likely differ.