Alaska variant. This is a Alaska-specific version of the Homeowners Insurance Estimator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Homeowners Insurance Estimator.
Homeowners insurance in Alaska typically runs about 0.30%–0.40% of home value per year. On the $365,000 median home, that's roughly $1,278 annually.
What Alaska homeowners insurance covers
Premiums fund dwelling coverage, personal property, liability, and loss of use. Alaska's $365,000 median home value sets the baseline dwelling coverage and therefore the premium.
Local risk - wildfire, hurricane, hail, flood - drives big swings. Flood is separately insured. Use the estimator to refine the Alaska average for your build cost and deductible.
About taxes and housing in Alaska
Alaska levies no state income tax and no statewide sales tax, relying heavily on oil and natural resource revenue.
Property taxes are levied only by local boroughs and municipalities, so many remote areas of Alaska have no property tax at all.
Alaska's economy is anchored by oil, fishing, and tourism, and residents receive an annual Permanent Fund Dividend from oil revenue investments.
Worked example: $365,000 home
$365,000 × 0.35% ≈ $1,278/year ($106/month). Replacement-cost coverage, not market value, ultimately sets the premium - land value is excluded.
Quick reference
- State income tax: No state income tax
- State sales tax: 0% (plus 1.82% avg local)
- Median home value: $365,000
- Median household income: $89,336
- Effective property tax rate: 1.04%
- Avg auto insurance: $1,265/yr
Frequently Asked Questions
How much is homeowners insurance in Alaska?
Roughly $1,278/year on the $365,000 median home, varying with local catastrophe risk.
Does homeowners insurance cover floods in Alaska?
No - flood coverage is purchased separately through the NFIP or private insurers.