OUT OF STATE COVERAGE
When the policy applies to the operation of a motor vehicle outside of your state, and the limits are higher in that state, your insurance will increase your limits to the extent of the limits required by the local law. As long as you possess those coverages in your own policy. For example, if you live in a state that requires PIP and the state you are driving in requires bodily injury, than your insurance will not provide bodily injury since you have not purchased this coverage.You must purchase bodily injury protection to have this coverage. If your PIP is $10,000/$20,000 and the state in which you are driving has a limit of $15,000/$30,000 than your limit will be increased to meet the higher limits required for that particular state.
Alaska Car Insurance Laws
|The minimum amount of liability insurance required in Alaska is as follows:|
|$50,000/$100,000 for bodily Injury|
|$25,000 for property damage|
The Alaska Statutes require that if you own or operate a motor vehicle you must provide a means of taking care of others if you are involved in an accident and determined to be legally responsible. Most people meet this obligation by buying insurance, but it can also be met by posting a bond or by self-insuring, which must be authorized by the Division of Motor Vehicles. The owner or operator of a vehicle registered for use on the road must carry at least the legally required minimum amount of liability insurance.
Note that the liability coverage required by law covers only damage the policy holder does to others. To pay for damages to your car, you will need to purchase collision insurance or comprehensive insurance for damage to your vehicle from other causes.
Uninsured/Under insured Motorist Coverage is not mandatory in the state Alaska. Drivers have the right to waive this coverage, but it is highly recommended that you carry it.
Alaska Statute 28.22.019 requires that you must have a copy of your policy, certificate of self-insurance, or identification card in your immediate possession when you are driving a motor vehicle.
Additionally, if you are involved in an accident that results in bodily injury, death, or property damage exceeding $501, you will be required to show proof of insurance. Failure to have insurance can result in the suspension of your driver’s license. Before your license can be reinstated, proof of financial responsibility must be supplied and reinstatement fees must be paid. An SR-22 filing, which provides proof of financial responsibility, may be obtained from your insurance company and must be filed with the Division of Motor Vehicles for three years following an accident in which the driver was uninsured.
You should be aware that in a competitive insurance market insurance companies charge different rates for essentially the same coverage. Shopping around may result in savings to you on your automobile policy. Be sure to take into consideration the services provided by the company.