Alaska Car Insurance
Car Insurance » Alaska
The laws concerning car insurance in Alaska is among the most stringent in the nation. Residents there should be aware that as strict as the laws might seem that are intended to protect the interest of all drivers on the road. Every motorist must be covered by liability insurance and drivers must have this in their vehicles and be able to provide proof of it at all times.
Alaska minimum coverage requirements are the highest in the nation. Drivers are required to have a minimum coverage of $50,000 for bodily injury or death for any person, $100,000 for bodily injuries or death per accident and $25,000 for damage to personal property. These higher numbers help to decrease the number of lawsuits filed in Alaska after an accident occurs.
Although these numbers are high they will not cover you if you are at fault in an accident so you should also consider getting a suitable amount of coverage to pay for your expenses when you are at fault in an accident.
Owners of new cars where there are loans outstanding are required to have full or comprehensive insurance. Full coverage is also required for rental cars. Although it is not mandatory you should also consider collision coverage to protect yourself if you have an accident on the slippery Alaskan roads.
Alaska takes delinquencies that involve not having proof of insurance if there is an accident or if you’re pulled over by a law enforcement officer very seriously. Your driver’s license can be suspended on the spot for 90 days to one year based on your record. The penalties do not stop there. You could also be charged a fine for MLI violations and this fee could be anywhere from $500 to $1000.
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