Home Insurance in Bristol Bay Borough, Alaska
The median home value in Bristol Bay Borough is $245,800, 30% lower than the Alaska median.
The typical home in Bristol Bay Borough was built around 1985. About 8% of homes were built before 1960, in line with Alaska (8%). Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Bristol Bay Borough is 83% single-family homes, 5% apartments in buildings with 5+ units and 6% mobile or manufactured homes.
In Bristol Bay Borough, about 26% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 54% of occupied homes in Bristol Bay Borough are owner-occupied. The vacancy rate is 64%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Bristol Bay Borough - 92% - are primarily heated with fuel oil. Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Per FEMA's National Risk Index, Bristol Bay Borough's top hazards are earthquake (Relatively Low), wildfire (Very Low) and winter weather (Very Low). Standard homeowners policies exclude earthquake, so separate coverage is usually needed.
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. Bristol Bay Borough has no active NFIP flood policies on file.
The statewide average premium for a standard HO-3 homeowners policy in Alaska is $1,216 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $245,800 |
|---|---|
| Median year built | 1985 |
| Owner-occupied share | 54% |
| Share of owner-occupied homes with a mortgage | 26% |
| Top hazards (FEMA National Risk Index) | Earthquake (Relatively Low), Wildfire (Very Low), Winter Weather (Very Low) |
| Home insurance premium | $1,216 - statewide average (NAIC, 2023 data) |
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)