Homeowners insurance in Alaska: premium by ZIP code
Alaska's median ZIP code paid $1,283 per policy in 2022, but its average paid claim, $29,852, was the largest of any state.
Independent site, not an insurer or a broker. Treasury figures cover 2018 to 2022 only.
Premium per policy in 2022, Alaska (median ZIP code)
$1,283
Average paid per HO-3 or HO-5 policy, inflation-adjusted as published by the Treasury. At September 2026 prices: about $1,709.
| Change from 2018 to 2022, after inflation | -2.4% |
| Premium per policy in 2018 | $1,314 |
| Premium per policy in 2022 | $1,283 |
| 2022 premium carried to September 2026 (BLS index) | $1,709 |
| Policies not renewed by the insurer, 2022 | 0.37% |
| Claims paid per 100 policies, yearly average | 2.2 |
| Average claim paid, 2018 to 2022 (adjusted) | $29,852 |
| Cancelled for nonpayment, 2022 | 0.92% |
Treasury data stop in 2022. The September 2026 figure applies the national BLS price index to the 2022 value, read as 2022 dollars: an estimate, not a quote.
Compiled by Radif Partners · Where the numbers come from · 31 ZIP codes in 12 counties of Alaska in the Treasury file · not a quote
Only 31 Alaska ZIP codes reach the Treasury file's threshold of ten insurers and fifty policies, most of them around Anchorage, the Mat-Su valley, the Kenai Peninsula and Fairbanks. Their median premium per policy was $1,283 in 2022, ranked 36 of 51, and it fell -4.8% after inflation from 2018, one of the few declines in the country. The pattern behind it is unusual: Alaska had the fewest paid claims per policy of any state, 2.2 per 100 a year, and the largest average claim, $29,852. Fire in a cold climate, frozen pipes and long repair seasons with costly freight make each loss expensive. Nonrenewals were rare, 0.37% in 2022. Alaska has no FAIR plan for homes. Remote communities outside the file may pay very different prices, and the data stop in 2022.
Four areas carry the file
The Municipality of Anchorage has 11 of the state's ZIP codes in the file, with a median of $1,283 in 2022, down -6.5% after inflation. The Matanuska-Susitna Borough paid $1,347, the Kenai Peninsula Borough $1,223 and the Fairbanks North Star Borough $1,356. Prices are close together: the cheapest tenth of ZIP codes paid under $1,151, the dearest tenth over $1,443. ZIP 99801 in Juneau City and Borough was the cheapest at $1,007; ZIP 99737 in the Southeast Fairbanks Census Area the dearest at $1,819.
Rare claims, expensive claims
A paid claim rate of 2.2 per 100 policies means one claim per policy every 46 years or so on average, against every 22 years nationally. There is little hail and no hurricane season. But when a claim is paid, it averages $29,852, about double the national $15,105: a house fire with a long distance to the nearest fire station, a heating failure in deep winter, or water damage from a frozen line. Building materials shipped north and a short construction season raise the cost of any repair.
An Alaska house: limit against rebuild cost
Example, not your result yet· change a figure to see yours
Paid with the proportional reduction
$109,000
| Limit needed to avoid the reduction | $360,000 |
| Reduction from underinsurance | $10,000 |
| Left for you to pay | $11,000 |
What this means for the policy
With rare but large losses, the dwelling limit matters more than the deductible. A limit that has drifted below the cost to rebuild can cut a partial claim in proportion, as the calculator above shows, and the dwelling coverage page explains the rule. Earthquake is excluded from standard homeowners policies, and in Southcentral Alaska it is worth asking for a separate endorsement or policy.
Renewals and the regulator
The nonrenewal rate fell from 0.73% in 2018 to 0.37% in 2022, ranked 48 of 51. The Alaska Division of Insurance handles rate filings and complaints. Alaska has no residual market plan for homes listed in the Treasury report, so a house that no admitted insurer will take must look to surplus lines insurers, whose policies are outside the file.
Alaska, year by year
| Year | Alaska median ZIP | National median ZIP | Nonrenewal rate | Claims per 100 policies | Paid loss ratio |
|---|---|---|---|---|---|
| 2018 | $1,314 | $1,445 | 0.73% | 2.3 | 42% |
| 2019 | $1,280 | $1,469 | 0.61% | 1.8 | 43% |
| 2020 | $1,276 | $1,491 | 0.28% | 1.8 | 36% |
| 2021 | $1,294 | $1,521 | 0.35% | 1.8 | 35% |
| 2022 | $1,283 | $1,551 | 0.37% | 2.4 | 41% |
The Alaska counties with the most ZIP codes in the file
| County | ZIP codes | Median 2018 | Median 2022 | Change | Nonrenewal 2022 | Average claim |
|---|---|---|---|---|---|---|
| Anchorage Municipality | 11 | $1,349 | $1,283 | -6.5% | 0.37% | $30,429 |
| Matanuska-Susitna Borough | 5 | $1,343 | $1,347 | +1.4% | 0.35% | $27,354 |
| Kenai Peninsula Borough | 4 | $1,293 | $1,223 | -4.2% | 0.52% | $25,562 |
| Fairbanks North Star Borough | 3 | $1,308 | $1,356 | -0.3% | 0.37% | $31,745 |
| Bethel Census Area | 1 | $1,243 | $1,177 | -5.3% | 0.61% | $22,699 |
| Haines Borough | 1 | $1,125 | $1,040 | -7.6% | 0.17% | $93,145 |
| Juneau City and Borough | 1 | $1,075 | $1,007 | -6.3% | 0.14% | $29,658 |
| Ketchikan Gateway Borough | 1 | $1,347 | $1,296 | -3.8% | 0.30% | $24,923 |
Highest and lowest premiums per policy, Alaska ZIP codes, 2022
| ZIP code | County | Premium per policy | Change since 2018 | Nonrenewal 2022 |
|---|---|---|---|---|
| 99737 | Southeast Fairbanks Census Area | $1,819 | +0.4% | 0.94% |
| 99712 | Fairbanks North Star Borough | $1,471 | -0.9% | 0.37% |
| 99516 | Anchorage Municipality | $1,462 | -7.1% | 0.36% |
| 99567 | Anchorage Municipality | $1,443 | -5.9% | 0.41% |
| 99652 | Matanuska-Susitna Borough | $1,442 | +2.8% | 0.19% |
| 99801 | Juneau City and Borough | $1,007 | -6.3% | 0.14% |
| 99827 | Haines Borough | $1,040 | -7.6% | 0.17% |
| 99518 | Anchorage Municipality | $1,101 | -6.7% | 0.28% |
| 99835 | Sitka City and Borough | $1,151 | -5.4% | 0.07% |
| 99504 | Anchorage Municipality | $1,168 | -3.9% | 0.46% |