Yes. Alaska has what’s known as an at-fault car insurance system. This means that the at-fault party is responsible for paying injury victims for their accident expenses. In other words, if someone else caused your accident, they should pay for your accident-related expenses.
This might sound simple. But actually getting the money someone deserves from the at-fault party in Alaska can often be much harder than many people might realize. This is why it’s important for accident victims to talk to an attorney familiar with Alaska’s at-fault car insurance system as soon as possible.
What type of car insurance is mandatory in Alaska?
All drivers in Alaska must have car insurance. According to the Alaska Division of Motor Vehicles, the minimum car insurance requirements for Alaska drivers include:
- $25,000 per accident for property damage.
- $50,000 per person for injury-related expenses.
- $100,000 per accident for injury-related expenses.
What optional car insurance is available in Alaska?
In addition to the mandatory minimum car insurance requirements in Alaska, drivers can choose to have additional insurance coverage. Such optional coverage can include:
- Medical payment coverage, also known as “med pay,” which covers the cost of medical bills and funeral expenses for anyone who was injured or died in a car accident, regardless of fault.
- Collision coverage, which covers vehicle repair costs resulting from a crash with another vehicle or a fixed object, regardless of fault. If your vehicle is financed, collision will likely be required by the lienholder, even though it’s optional under state law.
- Comprehensive coverage, which pays for vehicle repairs or buying in a new car if a driver’s vehicle is damaged in some way other than a collision, including weather-related damage, theft or an accident involving an animal. Like collision, comprehensive insurance is usually required for financed vehicles.
- Uninsured/Underinsured Motorist (UM/UIM) coverage, which pays for accident expenses if a driver is involved in a crash caused by an uninsured driver or an underinsured driver.