Alaska Homeowners Insurance

Data Snapshot: Alaska Homeowners Insurance

Alaska homeowners paid an average of $1,288 per year for home insurance based on U.S. Treasury FIO data covering 30 ZIP codes across the state. That is 27% below the national average of $1,776 per year reported by the Federal Insurance Office. Alaska ranks 41st most expensive out of 51 states and territories on annual premium, with ZIP-level observations ranging from $1,007 in 99801 to $1,819 in 99737.

Between 2018 and 2022, average premiums fell by 3.9% in Alaska, placing the state 50th nationally on five-year premium growth. The state-level loss ratio averaged 47.7%, meaning insurers retained a healthy margin after claims, typical of stable markets. Nonrenewal rates — the share of policies insurers decline to extend at expiration — averaged 0.42%, a decline of 49.6% over the study period (ranking 49th out of 50 states).

Within Alaska, premium dispersion across ZIP codes is substantial: the most expensive ZIP (99737 in Delta Junction) charges 81% more than the least expensive (99801 in Juneau), reflecting local differences in catastrophe exposure, construction costs, and claims history. The FIO dataset aggregates voluntary reporting from the 40 largest homeowners insurers covering roughly 80% of the U.S. market, so ZIP-level figures represent market averages rather than individual quotes; actual premiums vary with dwelling value, deductible, coverage limits, and insurer-specific underwriting. This page is for educational research only and is not insurance advice — homeowners should obtain quotes from multiple licensed carriers or an independent agent before purchasing or renewing coverage.