If your home is in Ketchikan, Fairbanks or anywhere in between, SafeAuto wants to help you find cheap auto insurance in your area. While SafeAuto does not currently offer direct coverage in Alaska, we can still help you find the affordable coverage you need.
Liability insurance covers bodily injury and property damage claims resulting from an accident that is primarily your fault. The limits in your policy are the maximum amounts your insurance company will pay for bodily injury and property damage claims. They are typically expressed as three amounts separated by slashes written as 25/50/25 or 25,000/50,000/25,000
Alaska’s Financial Responsibility law requires you to maintain liability limits of at least:
The first number is the maximum amount that your policy will pay for injury to any one person resulting from a covered accident.
The maximum amount that your policy will pay for all injuries sustained by two or more people resulting from a covered accident, subject to the $25,000 per person limit. It is commonly twice or three times the amount of the per-person bodily injury limit. The higher the amount, the more coverage your policy affords.
The maximum amount that your policy will pay for all property damaged (including vehicles) as a result of a covered accident.
Under Alaska law, you are required to provide documentary proof of Financial Responsibility when registering your vehicle or at the request of law enforcement officials.
If you are unable to produce proof of liability coverage when requested, the penalties can be harsh, including suspension of your driver’s license for 90 days to one year.
If you are unable to produce proof of liability coverage when requested, the penalties can be harsh, ranging from first offense penalties of suspension of vehicle registration and driver’s license and those penalties associated with a Class C misdemeanor.
In addition to these statutory penalties, if you cannot show proof of financial responsibility, fail to pay a judgment entered against you for damages resulting from an automobile accident, or need to reinstate your license after conviction for certain types of violations, you will be required to obtain an SR-22 Certificate of Financial Responsibility.