Car Insurance In Arkansas

Best Ways To Get Car Insurance In Arkansas

In any event of accident or theft of your vehicle, it is comforting to know that you have something to fall back on that prevents you from financial losses.

That is why it is important to ensure your vehicle or automobile as it covers your vehicle from theft, fire incident, or any other damages to your vehicle.

Auto insurance is a very important purchase, but finding good yet affordable car insurance in Arkansas is not very easy.

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For this reason, it is important to compare the rates of different auto insurance companies to get the best rates.

The best way to get your car insurance in Arkansas is to explore all available options and find one that suits your needs and budget.

How To Choose The Best Car Insurance Company

There are many auto insurance companies in Arkansas that offer coverage and finding the right company that would suit your needs requires some research. Before choosing a company, there are certain things to consider.

  • Understand your needs: It is important to evaluate and understand what you need from your insurance. Insurance policies are based on different age groups. For instance, a home with teenagers would have needs different from a home with old and retired people. Understanding the coverages, features, and discounts is important to you and can help you find companies to request quotes from.
  • State factors: Severe storms, flooding, and tornadoes are prominent in Arkansas. While choosing your vehicle insurance you should put these factors into consideration so as to find an insurance plan that provides coverage for damage caused by adverse weather conditions. Statistics reveal that about 19% of drivers in Arkansas are uninsured which is unsafe considering the risk factors.

Minimum Insurance Requirements In Arkansas

Arkansas, like most states, requires drivers to purchase at least the minimum levels of car insurance coverage. Driving legally in Arkansas, you must have the following car insurance coverages and limits;.

  • $25,000 bodily injury per person
  • $50,000 bodily injury per accident
  • $25,000 property damage to others

Auto insurance companies are also legally required to offer you uninsured motorist coverage and personal injury protection (PIP) coverage when you purchase insurance, although you can decline these in writing.

Purchasing minimum car insurance means you will be paying some of the smallest rates. However, it still leaves you at a higher risk of financial hardship when involved in an accident.

Buying minimum car insurance limits often means you will pay some of the lowest rates. However, you also leave yourself open to more financial hardship if you are involved in an accident.

You would be responsible for paying any charges that exceed your insurance limit in the event of any injury caused to someone or damage to someone’s vehicle.

It is encouraged and advised to purchase higher liability limits.

Also, minimum coverage does not provide any coverage for your own vehicle, for that you need comprehensive coverage.

Average Cost Of Car Insurance In Arkansas

$1,914 is the average cost of car insurance in Arkansas per year for full coverage. This is a little higher than the national average annual cost of full coverage, which is $1,674.

This could be a result of the incidence of serious accidents in the state, including a high number of fatal accidents.

Average Annual Premium For Full CoverageAverage Annual Premium For Minimum Coverage 
$1,914$470 

Your auto insurance premium depends on how insurance companies weigh certain factors, including:

  • Age
  • Location
  • Driving history
  • Credit score
  • Marital status
  • Vehicle type and mileage
  • Deductible

Best car insurance companies in Arkansas

Reputation, price, and coverage should be considered when searching for a good car insurance provider. Here are the top 5 of the best car insurance companies in Arkansas;

USAA, State Farm, Geico, Arkansas Farm Bureau Insurance, and Nationwide.

Top Arkansas Car Insurance CompaniesOverall RatingCoverage RatingCost Rating
1. USAA9.59.510.0
2. State Farm9.29.09.0
3. Geico9.28.59.4
4. Arkansas Farm Bureau Insurance7.58.58.0
5. Nationwide8.68.58.6

 

1. USAA: 

USAA is an excellent choice for Arkansas drivers. USAA  only sells coverage to military members, veterans, and close family members. If you qualify, you could find a good auto insurance policy with USAA and also save with discounts like savings for storing your vehicle when you’re deployed.

 

2. State Farm: Most Popular Provider

State Farm Insurance is the most popular and provides excellent mobile tools to help you manage your policy.

Drivers purchase State Farm Insurance for its affordable rates, coverage options, and strong customer service reputation.

The company, selling its coverage through a network of over 19000 agents nationwide, could be a good decision.

3. Geico: 

Geico is the second-largest auto insurer in the U.S. It’s a good choice for most Arkansas drivers because of its discounts and coverage.

The company has high industry ratings from AM Best and the BBB, and many positive Geico reviews praise the insurer’s auto coverage and discounts.

Plus it has a very strong digital platform where you can call for roadside assistance, file claims, view ID cards, and initial policy changes.

 

4. Arkansas Farm Bureau: Best Local Coverage

Arkansas Farm Bureau is the state’s best local insurer with headquarters in Little Rock. Serving for over 70 years, the company provides great options for those looking for local insurance coverage.

5. Nationwide: 

There’s a lot to like from Nationwide, including its affordable auto insurance rates and range of coverage options.

Drivers in Arkansas can purchase add-ons such as gap insurance, accident forgiveness, and vanishing deductibles. The company has a good customer service reputation and an A+ rating from the BBB.

 

Liability insurance covers other drivers and their passengers in accidents you cause alone. If you want extra insurance protection, you should consider purchasing full coverage car insurance, including comprehensive and collision coverage.

Note; it is illegal to not have Arkansas Car Insurance as a driver. Failing to maintain the minimum coverage limits required by Arkansas law, your registration might be suspended until you have proof of insurance coverage and a $20 fee is paid. Arkansas drivers who default and are caught driving without insurance face penalties :

  • First offense: A fine between $50 and $250
  • Second offense: A fine between $250 and $500
  • Third offense: A fine between $500 and $1,000 or a jail sentence up to one year

Cheapest Car insurance Providers In Arkansas 

Farm Bureau, Geico and state farm are the cheapest car insurance companies in Arkansas

CompanyAnnual rateMonthly rate
Farm Bureau$361$30
Geico$380$32
State Farm$410$34
Progressive$617$51
Farmers$711$59
Allstate$733$61
Shelter$765$64
Nationwide$765$64
USAA$266$22

Note; USAA is available to only former and current military members and their close family members

Cheapest Car Insurance For Young Drivers In Arkansas

Young drivers pay a higher premium for insurance than any other age group as they are more at risk of being involved in accidents due to lack of experience behind the wheel. They pay an average of about $2,006 per year for full coverage car insurance.

Cheapest Car Insurance in ArkansasEstimated Monthly Cost Estimated Annual Cost
USAA$95 $1,138
State Farm$130 $1,564
Geico$136 $1,635
Arkansas Farm Bureau Insurance$147 $1,765
Farmers Insurance Group$148 $1,773

Cheapest car insurance for drivers with a speeding ticket In Arkansas

Violating the speed limit raises your auto insurance rate in Arkansas.

Cheapest Car Insurance in ArkansasEstimated Monthly CostEstimated Annual Cost
USAA$86$1,030
State Farm$105$1,256
Arkansas Farm Bureau Insurance$112$1,345
Nationwide$130$1,559
Geico$158$1,899

 

 

Cheapest Arkansas car insurance for drivers with a recent accident

In the state of Arkansas, drivers with recent accidents on their record pay more for full coverage after having an at-fault accident.

Cheapest Car Insurance in ArkansasEstimated Monthly CostEstimated Annual Cost
USAA$103$1,238
State Farm$113$1,352
Arkansas Farm Bureau Insurance$133$1,592
Nationwide$164$1,973
Farmers Insurance Group$177$2,129

 

Cheapest Arkansas car insurance for drivers with a DUI

Drivers with a DUI(Driving Under The Influence) on their record are tagged as high-risk drivers and pay an average of $2,246 per year with a DUI conviction.

Cheapest Car Insurance in ArkansasEstimated Monthly CostEstimated Yearly Cost
State Farm$105$1,256
Arkansas Farm Bureau Insurance$123$1,473
USAA$137$1,645
Progressive$143$1,716
Geico$159$1,903       

 

Car insurance discounts in Arkansas

Auto insurance in Arkansas is definitely not the cheapest. However, there are ways you could save. Speaking with a licensed agent to help you make the right choices and taking advantage of auto insurance discounts to lower your premium would save you some money. Some common discounts in Arkansas include;

  • Multi-policy
  • Student discounts: Savings opportunities available often include good student discounts, discounts for students at college without a car, and driver education discounts.
  • Billing discounts: The way you pay your car insurance bill can attract discounts like paying in full, opting for automatic withdrawals, and going paperless for your billing statements are common billing discounts.
  • Driving program discounts: Some companies provide safe driving programs that monitor your driving habits with a plug-in device or a mobile app. Being a safe driver might earn you a discount on your car insurance.

Most insurance companies list their discounts online, but because discounts can vary by state, talking with a licensed agent is often the best way to identify ways to save.

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