Best Car Insurance in Arkansas in 2020

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5 min read

When shopping for car insurance, where you live matters because insurance companies examine risk factors such as traffic conditions, the number of crashes resulting in fatalities and more. For Arkansas residents, you’ll receive a mixed bag of results.

The good news: Arkansas currently has over two million licensed drivers. That places the state on the lower end of the spectrum for drivers on the road, meaning you could receive a discount if you have a good driving record. And speaking of driving records, this is where things even out as Arkansas is 15th nationally in states with the most dangerous drivers.

Therefore, it’s important to do your homework when searching for Arkansas car insurance companies. A good rule of thumb is to compare several providers.

Along with the price, see who offers you the most protection for the best price—this can include added features such as gap insurance and roadside assistance. Most importantly, examine how customers’ experiences have been when filing a claim, as this gives insight into how well the insurance company treats its customers.

You’ll also want to examine the reputation of each provider. To make the process easier for you, we looked into providers all across the state to find the best.

Best car insurance companies in Arkansas

To find the best providers, we researched auto insurance providers’ reputation with J.D. Power, who compiles studies finding the best auto insurance companies based on region. Factors that included their decisions include customer satisfaction and costs of premiums. Along with J.D. Power rankings, we factored in a provider’s Better Business Bureau rating, an indicator of how well it resolves customer disputes.

  • Allstate: Allstate offers several insurance types, which makes it easier to customize the policies you need. It also has a variety of discounts.
  • Geico: Geico has low insurance rates and a long list of discounts to reduce your rate even more.
  • Shelter: Shelter has high customer satisfaction ratings and a variety of insurance options.
  • State Farm: State Farm has several useful discounts, such as the safe driver and loyal customer discounts. It also has a full range of insurance options if you want to bundle everything you need insurance for.

Here’s how the providers measure up:

Provider J.D. Power satisfaction rating (on a 1,000-point scale) J.D. Power Circle rating (out of five stars) BBB Rating
Allstate 844 4 A+
Geico 838 3 B+
Shelter 858 5 A+
State Farm 828 3 A

Finding the right cheap car insurance in Arkansas for you

Getting the best deal on your Arkansas auto insurance depends on a variety of factors such as how much you drive, your credit and your driving history. To identify the best insurance rates, we used the U.S. News’ 2019 report on Arkansas car insurance companies.

Cheapest auto insurance for drivers with poor credit: Geico

If you have suffered credit setbacks, you know how expensive insurance can be. Luckily, there are great options in Arkansas. Geico is among the best with an annual premium of $1850. If you qualify, USAA is another option to consider because an average annual policy is $1404.

Cheapest auto insurance for drivers with great credit: USAA

Alternatively, if you have a great credit score then Geico ($1,070 for 12-month policy) and State Farm ($1,151 for annual policy) are going to be smart options to examine. Again, if you have a military affiliation, then USAA gives you the best price with an annual policy of $794.

Cheap auto insurance for drivers with a clean record: Geico

For drivers with a clean record or one speeding violation, Geico is the least expensive option (outside of USAA) to consider.

Cheapest auto insurance for drivers with a DUI: State Farm

DUIs can make your insurance rates much higher.  For drivers who have had one DUI, State Farm is by far the cheapest option available with an average premium of $1,245.

The average cost of car insurance in Arkansas

The average cost of car insurance in Arkansas is $736 annually, according to a study conducted by the Insurance Information Institute. This included costs associated with collision, comprehensive and liability insurance.

Factors that influence costs include age. To calculate car insurance costs, we took the average of what Geico, Allstate, and State Farm charge using the study and prices reported by U.S. News:

  • Age 25 male: $1,547
  • Age 35 female: $1,298
  • Age 60 male: $1,196
  • Age 60 female: $1,179

Along with age, credit plays a primary factor in how much you pay for auto insurance. Allstate charges drivers with poor credit scores on average $2,759 annually while drivers with good credit scores pay $1,750.

Where you live also plays a crucial role. For Arkansas drivers, here’s the average premium based on where you live:

  • Little Rock: $1,483
  • Fayetteville: $1,241
  • Jonesboro: $1,333
  • Conway:$1,276
  • Benton: $1,361

Car insurance discounts in Arkansas

There are a variety of ways you can save on your Arkansas auto insurance. To begin, examine each provider to see which discounts they offer. Most providers offer a bundling discount where, if you buy multiple insurance policies, you’ll save money. Considering you need renters or homeowners insurance, bundling rewards you for something you were going to need.

Next, see what safe driving discounts they offer. Some providers like State Farm and Allstate, use monitoring tools to track your driving. This includes when you drive, how often and whether you employ aggressive driving tactics such as speeding or braking suddenly. Use these tools as guidelines for safer driving behaviors because they can help you save significantly.

Finally, ask the provider for any other discounts they offer. This can include good student, military and low-mileage discounts. You might earn a discount based on where you work because some large organizations, like Walmart or the government, offer employee discounts.

State minimum insurance requirements in Arkansas

Arkansas drivers must carry insurance that includes bodily injury of up to$50,000 per accident and $25,000 per person. As its name indicates, if you’re involved in an accident that causes injury to another party, this provides payment to them for medical services.

Meanwhile, you must also have a property damage liability of $25,000 per accident. This protects you in the event an accident causes damage to another person’s property such as their automobile.

Frequently asked questions

What’s the cheapest car insurance in Arkansas?

Geico is among the cheapest providers for drivers of all credit scores and for those who have had one speeding ticket. USAA is another option to consider if you qualify. However, your insurance rates will be determined by individual factors, so you should get a quote from several companies to see which will be the cheapest for you.

What information is required to get car insurance in Arkansas?

You’ll need basic information such as your name, address, Social Security number and birth date. Additionally, you’ll need to supply vehicle details such as how many miles you drive, the purpose for driving and whether you’ve been involved in any accidents or have had violations such as speeding tickets or DUIs.

Should I get minimum coverage only?

Minimum coverage is an inexpensive way to have the protection needed. However, you might be liable for the remaining balance for accidents that exceed your coverage limit

How do I determine which provider is right for me?

Along with costs, consider the reputation of the provider. What’s its grade with the Better Business Bureau? What’s customer reviews of the company like? How long does it take to process claims? All of these indicators illustrate whether the company provides the level of service you deserve.