For a 40-year-old driver with a clean record, car insurance in Fairbanks, AK, costs about $189 a month ($2,266 a year) for full coverage, based on the rates insurers had filed with state regulators as of Aug. 31, 2026. That’s about the same as the Alaska average of $187 a month. Progressive has the lowest full-coverage average of the four major insurers we compared (Allstate, GEICO, Progressive and State Farm) that are among insurers anyone can buy from, at about $168 a month.
Comparing auto insurance quotes in Fairbanks, AK? Start with the insurer, not the neighborhood: among the four major insurers we compared, Fairbanks full-coverage averages run from about $168 to $250 a month, while the three Fairbanks ZIP codes we price are only about $3 apart.
Fairbanks costs about the same as the Alaska average for our benchmark driver and about $8 a month less than Anchorage, about 260 miles to the south.
Cost data comes from the auto rates insurers file with state regulators, priced across all three Fairbanks ZIP codes in our data, compiled by Quadrant Information Services and updated as new rates are filed.
Rates as of Aug. 31, 2026. Page reviewed Oct. 7, 2026.
How Much Is Car Insurance in Fairbanks, AK?
Car insurance in Fairbanks, AK, costs about $189 a month ($2,266 a year) for full coverage, for our benchmark driver. Liability-only coverage at Alaska’s 50/100/25 minimum averages $550 a year ($46 a month), and 50/100/50 liability with comprehensive and collision averages $2,212 ($184 a month).
- Full coverage (100/300/100, $500 deductibles): $2,266 a year ($189 a month)
- 50/100/50 with $500 deductibles: $2,212 a year ($184 a month)
- Liability only (50/100/25): $550 a year ($46 a month)
- Fairbanks North Star Borough: $2,269 a year ($189 a month) for full coverage
- Alaska average: $2,238 a year ($187 a month) for full coverage
- ZIP code range: $187 (99709) to $190 (99701 and 99712) a month for full coverage
Cheapest Car Insurance in Fairbanks, AK: Companies Compared
- Lowest average among insurers anyone can buy from, full coverage: Progressive, at about $168 a month ($2,015 a year).
- Next lowest any driver can buy: GEICO, at about $175 a month, then State Farm at $189.
- Military families: USAA averages about $162 a month, but only for eligible members.
- Lowest liability-only average among insurers anyone can buy from (50/100/25): Allstate, at about $43 a month, then GEICO at $44. USAA, which sells only to military families, is lower still, at about $32 a month.
- Also on our list: Umialik at about $217 a month and Western National at $301.
- Most expensive among these four insurers: Allstate, at about $250 a month, $989 a year more than Progressive for the same driver and car.
Progressive has the lowest full-coverage average among the insurers in our Fairbanks rate data that are among insurers anyone can buy from. USAA averages even less, at $162 a month, but it sells only to military members, veterans and their families. The published 2026 statewide Alaska rate studies we reviewed most often rank GEICO cheapest for full coverage: four of the seven put it first, apart from USAA, which sells only to military families. Two put Progressive first and one State Farm. For liability-only coverage at 50/100/25 limits, Allstate has the lowest average among these four insurers that are among insurers anyone can buy from, at about $43 a month, with GEICO close behind at $44. USAA comes in even lower, at about $32 a month, but it sells only to military families.
Full-coverage averages by insurer in Fairbanks
Monthly, for the same driver and car. Insurers marked with an asterisk in the table below aren’t in the chart.
Rates insurers filed with state regulators, compiled by Quadrant Information Services, as of Aug. 31, 2026. Benchmark 40-year-old driver, 100/300/100 with $500 deductibles.
| Insurance Company: | Minimum Liability 50/100/25 (Yearly): | Minimum Liability 50/100/25 (Monthly): | Full Coverage (Yearly): | Full Coverage (Monthly): |
|---|---|---|---|---|
| USAA (military families) | $381 | $32 | $1,947 | $162 |
| Progressive | $672 | $56 | $2,015 | $168 |
| GEICO | $533 | $44 | $2,096 | $175 |
| State Farm | $647 | $54 | $2,267 | $189 |
| Allstate | $516 | $43 | $3,004 | $250 |
| Umialik Insurance* | $636 | $53 | $2,606 | $217 |
| Western National* | $602 | $50 | $3,607 | $301 |
| Fairbanks average | $550 | $46 | $2,266 | $189 |
This table uses Fairbanks ZIP codes only. See how we calculated these rates. Your own price depends on your car, driving record and coverage, so compare auto insurance quotes before you buy.
Fairbanks Car Insurance Rates by ZIP Code
Across the three Fairbanks ZIP codes we price, full coverage for our driver ranges from about $187 a month in 99709 to $190 in 99701 and 99712, a gap of $42 a year. 99709, which takes in part of the city’s west side and reaches Chena Ridge, is the least expensive Fairbanks ZIP code in our data. 99701, downtown, and 99712, which covers Fairbanks-addressed areas north and east of the city such as Farmers Loop and Steele Creek on the Census Bureau’s maps, tie for the most expensive.
Lowest-priced Fairbanks ZIP code
Highest-priced Fairbanks ZIP codes
Search the table for your ZIP code. The last column shows how far each ZIP code is above or below Fairbanks’ average.
| ZIP Code: | Minimum Liability 50/100/25 (Yearly): | Minimum Liability 50/100/25 (Monthly): | Full Coverage (Yearly): | Full Coverage (Monthly): | Full Coverage vs. City Average: |
|---|---|---|---|---|---|
| 99701 | $553 | $46 | $2,276 | $190 | +1% |
| 99709 | $546 | $46 | $2,240 | $187 | -1% |
| 99712 | $551 | $46 | $2,282 | $190 | +1% |
Your ZIP code matters
How Much More Does Better Coverage Cost in Fairbanks?
Raising liability limits from 50/100/50 to 100/300/100 adds only about $54 a year on average in our Fairbanks data, with the same $500 deductibles. The full-coverage package doubles the per-person injury limit, triples the per-crash limit and doubles the property damage limit, and it raises uninsured and underinsured motorist coverage to 100/300. Allstate and USAA charge less for 100/300/100 than for 50/100/50 for our benchmark driver.
Is Car Insurance Going Up in Fairbanks?
Slightly, for our benchmark driver. Comparing the same insurers in the same Fairbanks ZIP codes, full coverage averaged $2,239 a year nine months earlier and $2,266 in rates as of Aug. 31, 2026, a 1.2% increase. Allstate cut its Fairbanks average 1.1%, while USAA raised its average 5.1% and State Farm 3.2%; GEICO’s and Progressive’s averages were unchanged. Liability-only coverage at 50/100/25 limits fell 3.3%, led by USAA, which cut its liability-only average 16.4%.
What Shapes Car Insurance Costs in Fairbanks
The Fairbanks North Star Borough averages about $189 a month for full coverage, the third-most expensive of the nine Alaska boroughs and census areas we price, the same as Fairbanks. Fort Wainwright, ZIP code 99703, is inside Fairbanks city limits but has its own postal name, and it averages about $190; North Pole, about 12 miles southeast, averages $189.
Allstate shows how differently insurers price the two coverage levels here: it has the highest full-coverage average of the four insurers anyone can buy from, about $250 a month, but the lowest liability-only average among them, about $43, just below GEICO’s $44. Alaska insurers price by location as well as by driver and car, so your ZIP code can move your price.
How Fairbanks Car Insurance Compares With Other Alaska Cities
More Alaska cities and towns are in the Alaska rates by city table, and you can compare states on our car insurance rates by state page.
Anchorage, about 260 miles south, averages $197 a month, and Wasilla, about 230 miles south, $190. For statewide prices and how Alaska’s insurers compare, see our guide to Alaska car insurance rates.
What Car Insurance Do You Need in Fairbanks?
Fairbanks isn’t on the DMV’s list of remote communities exempt from Alaska’s insurance law, so every vehicle that must be registered there needs liability insurance. Here’s what Alaska law sets for a policy there:
- Required: $50,000 per person and $100,000 per crash for injuries you cause to others
- Required: $25,000 for damage you cause to other people’s property
- Included unless you reject it in writing: uninsured and underinsured motorist coverage at your liability limits, or other limits you choose
Alaska doesn’t require personal injury protection. Medical payments, collision and comprehensive coverage are optional, according to the Alaska Division of Insurance, though a lender may require collision and comprehensive on a financed car. Proof of insurance must be with you whenever you drive, and your phone works for that. Alaska isn’t a no-fault state: your liability coverage pays the claims of people hurt in a crash you cause, including their medical expenses and lost wages, according to the Division of Insurance. Our Alaska requirements guide covers the penalties for driving uninsured.
How to Lower Your Car Insurance Rate in Fairbanks
- Compare Progressive and GEICO first. They have the two lowest full-coverage averages among insurers anyone can buy from in our Fairbanks data, about $168 and $175 a month.
- Quote several insurers. Among the four major insurers we compared in Fairbanks, the lowest and highest averages are about $82 a month apart for the same driver and car.
- File the DMV form after a crash. If anyone is hurt or property damage to any one person exceeds $501, the DMV’s certificate of insurance form is due within 15 days. Drivers who may be liable and can’t show insurance face a three-year license suspension.
- Compare at every renewal. Over the past nine months, Allstate has cut its Fairbanks average 1.1%, while USAA has raised its average 5.1% and State Farm 3.2%, so the order in our table can shift.
- Ask about discounts and check your deductible. Many insurers lower rates for a clean driving record, paying in full or insuring more than one car, so ask which auto insurance discounts you qualify for. Our full-coverage prices use $500 deductibles. A higher deductible lowers your premium but means you pay more yourself after a claim; see how deductibles affect your rate.
- Insure your car and home together. A multi-policy discount is a common way to save, so check average home insurance rates in Fairbanks, and compare home insurance quotes alongside your car quotes. Renting? A renters insurance policy can qualify too.
Ready to compare
How We Calculated Fairbanks Car Insurance Rates
Insurers must file their rates and rating rules with each state’s insurance regulator. Quadrant Information Services uses those filings to calculate what each insurer would charge a specific driver, and InsuranceQuotes analyzes those prices. This page uses rates in effect on Aug. 31, 2026.
- Sample: 15 full-coverage premiums from five insurers across three Fairbanks ZIP codes, plus the same number of liability-only and 50/100/50 premiums.
- Insurer count and ZIP codes: our Alaska averages come from five insurers, one of them USAA, which sells only to military families, priced in the 30 Alaska ZIP codes Quadrant samples, from Anchorage and Fairbanks to Bethel, Juneau and Ketchikan. Most places outside Anchorage, Fairbanks and Wasilla are one ZIP code. With few insurers, the averages can move more when one insurer changes its prices. We publish them as calculated, without adjustment.
- Driver: a single 40-year-old driver, licensed 24 years, with good credit and no accidents or violations, driving a 2024 Toyota Camry LE they own, for personal use.
- Coverage: full coverage is 100/300/100 liability with $500 comprehensive and collision deductibles and 100/300 uninsured and underinsured motorist coverage. We also price 50/100/50 with the same deductibles, and liability-only coverage at Alaska’s 50/100/25 minimum, with 50/100 uninsured and underinsured motorist coverage and no comprehensive or collision. Alaska insurers must offer uninsured and underinsured motorist coverage, and if you don’t sign to reject it or pick other limits, your policy includes it at your liability limits, according to the Alaska Division of Insurance.
- Calculation: for each insurer we take its lowest eligible price in each ZIP code and average those prices across the ZIP codes. The overall average is the mean of every insurer-and-ZIP price, including USAA. Monthly figures are annual premiums divided by 12 and rounded.
- Rankings: we name a cheapest insurer only where it’s priced in at least half the ZIP codes and its lead over the next insurer isn’t so wide that it looks like an outlier. USAA sells only to the military community, so it’s shown but not ranked. Annual prices within 3% of each other are called effectively tied.
- Rate changes: we compare the same insurer in the same ZIP codes, for the same driver and coverage, in rates as of Nov. 30, 2025, and Aug. 31, 2026. All five insurers, including USAA, are in both sets of rates. Rate-change percentages are calculated from the annual premiums shown; other percentages use the rounded monthly figures.
- Insurers marked *: priced from published 2026 Alaska rate studies, scaled to our benchmark driver. They aren’t included in our averages or rankings.
- What this isn’t: a quote. These are modeled prices for one driver profile, calculated from insurers’ rate filings. Your price depends on your ZIP code, vehicle, driving record, coverage choices and discounts.
Coverage requirements come from Alaska law and the Alaska Division of Insurance. We refresh these figures when new rate data is released.
Fairbanks Car Insurance FAQ
Car insurance in Fairbanks, AK, costs about $189 a month ($2,266 a year) for full coverage and about $46 a month for liability-only coverage at the 50/100/25 state minimum, for our benchmark driver, based on the rates insurers had filed with state regulators as of Aug. 31, 2026. Full coverage is about the same as the Alaska average of $187 a month.
Progressive has the lowest full-coverage average among insurers anyone can buy from in our Fairbanks rate data, at about $168 a month, with GEICO close behind at $175. USAA, which sells only to military members, veterans and their families, has a lower average still ($162 a month). For liability-only coverage, Allstate has the lowest average among insurers anyone can buy from, at about $43 a month. Four of the seven published 2026 statewide Alaska rate studies we reviewed rank GEICO cheapest for full coverage, apart from USAA; two put Progressive first and one State Farm. Rates vary by driver, so compare quotes for your own car and ZIP code.
No. Alaska doesn’t require personal injury protection, and your liability coverage pays the claims of people hurt in a crash you cause, including their medical expenses, lost wages and pain and suffering, according to the Alaska Division of Insurance. Medical payments coverage is optional and pays for injuries to you or others in your vehicle without anyone having to be found at fault.
In our data, 99709 has the lowest full-coverage average in Fairbanks, at about $187 a month, and 99701 and 99712 the highest, at about $190. The ZIP code table on this page lists all three.
In our Fairbanks data, full coverage (100/300/100 with $500 deductibles) averages about $189 a month and liability-only coverage at 50/100/25 limits about $46, a difference of about $143 a month ($1,716 a year). Liability-only coverage won’t pay to repair or replace your own car after a crash, a theft or a storm. Alaska law doesn’t require full coverage, but a lender or leasing company may.
Drivers in Fairbanks must carry Alaska’s minimum liability coverage: $50,000 per person and $100,000 per crash for injuries you cause and $25,000 for property damage (50/100/25). Insurers must also offer uninsured and underinsured motorist coverage, and your policy includes it at your liability limits unless you reject it in writing. You must carry proof of insurance when you drive, and it can be on your phone.
Slightly, for our benchmark driver. Comparing the same insurers and ZIP codes, Fairbanks full coverage rose 1.2% over the past nine months, from about $2,239 to $2,266 a year. Allstate cut its Fairbanks average 1.1%, while USAA raised its average 5.1% and State Farm 3.2%. Liability-only coverage at 50/100/25 limits fell 3.3%.
For our benchmark driver, full coverage in Fairbanks averages about $189 a month. Nearby, Wasilla averages about $190 and Anchorage about $197. Fairbanks is the least expensive of these; prices depend mostly on ZIP code, so compare quotes for your own address.
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Michael Giusti is a senior insurance analyst, business journalist, and university professor with over 20 years of experience. He serves as department chair at Loyola University New Orleans and contributes to Insurance Thought Leadership, U.S. News, and other leading financial outlets.
