Need Alaska Auto Insurance Quotes?

Purchasing auto insurance in Alaska is an important matter and as such, it deserves significant thought and consideration. Several factors may affect your decision regarding the type and amount of auto insurance that you choose to purchase. Regulations regarding auto insurance vary from one state to the next. Be sure to consider the following facts, when considering the purchase of Alaska auto insurance.

There are several things that you should know about Alaska car insurance policies and regulations. You are required to have liability insurance if you are driving a vehicle in the state of Alaska. The liability insurance should include bodily injury liability and property damage liability coverage components.

The Alaska state liability insurance minimum is $50,000 coverage for bodily injury for any one person, $100,000 coverage for bodily injury for all persons injured and $25,000 coverage for property damage. As far as rates, the Alaska flex rating bill was passed in May 2005. This bill permits insurance companies to raise or reduce rates by up to 10% without preceding regulatory authorization.

The new car insurance law was passed on July 1, 2002. This law requires any driver to keep the proof of current Alaska car insurance inside a car at all times. There are several types of proofs that are accepted, such as insurance policy printout or insurance ID card. At this time the law does not require the proof of insurance to be presented at the time of registration. In case of an accident the driver will need to present the proof of insurance to the Alaska Division of Insurance or the police officer in charge before the stateís deadline.

The insurance company is required to verify the driverís insurance coverage in case of an accident or arrest. If someone is caught driving without insurance in Alaska, this may result in suspension or revocation of vehicle registration. First offense cases may be dismissed if proof of insurance is presented on the court date.

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