HomeInsuranceQts

Home Insurance in Alaska

Alaska's median home value is $352,900.

The typical home in Alaska was built around 1986. About 8% of homes were built before 1960. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.

Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Alaska is 71% single-family homes, 12% apartments in buildings with 5+ units and 4% mobile or manufactured homes. The rest are 2-4 unit or other housing types.

60% of owner-occupied homes in Alaska carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.

The vacancy rate is 18%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 67% of occupied homes in Alaska are owner-occupied.

Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. 49% of homes in Alaska are primarily heated with natural gas.

In Alaska, the statewide average premium for a standard HO-3 homeowners policy is $1,216 per year (NAIC, 2023 data).

Key figures

Median home value$352,900
Median year built1986
Owner-occupied share67%
Share of owner-occupied homes with a mortgage60%
Home insurance premium$1,216 - statewide average (NAIC, 2023 data)

Counties

Sources