Auto Insurance Law Anchorage Alaska AK
Reader’s Question:
Is there a compulsory insurance law in Anchorage, AK? What happens to my insurance if I get involved in a car accident?
Stephanie
Anchorage, AK
State of Alaska has both Mandatory Insurance and Financial Responsibility laws. The purpose of these laws is to protect the motoring public from uninsured drivers on Anchorage, Alaska’s streets and highways. These laws allow the Division of Motor Vehicles (DMV) to remove financially irresponsible Alaska drivers from the roads.
In accordance with Alaska car insurance law, you must provide a proof of insurance to the DMV if you are involved in a crash which results in bodily injury or death to a person, or property damage in excess of $501, within 15 days.
Regardless of who caused the crash, proof of insurance is required from both drivers involved in the crash. This means even if you did not cause the crash you must provide the proof of insurance. In addition to any report given to the police or your insurance company you’re also required to notify the DMV. The officer investigating the crash will usually give a certificate of insurance form to the drivers. This form is also available at any Division of Motor Vehicles office or on the state web page. In addition, your driver’s license will be suspended for 90 days for a first occurrence and 1 year for a second occurrence if you were uninsured or you fail to provide proof of insurance within 15 days.
Tags: auto insurance