Even though it’s the smallest state west of the Mississippi, Arkansas is home to more than two million licensed drivers. While not the most dangerous state, it does rank the 15th nationally for dangerous drivers, making it that much more important that you find the best car insurance in Arkansas.
Car insurance is not a cheap expenditure, although it is a little cheaper than the national average. The average cost of car insurance in the U.S. is $563 for a minimum coverage insurance policy and $1,738 per year for a full coverage policy. The average cost of car insurance in Arkansas is $452 for minimum coverage and $1,912 for a full coverage policy. Your rate will depend on personal factors and what you can do to save money.
The cheapest car insurance in Arkansas
In addition to price, an insurance provider’s policy offerings, availability, customer service and financial stability are all critical factors to consider when shopping for cheap car insurance in Arkansas. Based on our meticulous and methodical research, the auto insurance providers for the cheapest car insurance in Arkansas are the following.
|Car insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
Farmers Insurance offers excellent coverage, including rarely seen protections like customized equipment coverage, accident forgiveness, and loss of use. Farmers also extends its signature New Car Replacement Coverage, a rarity among insurance providers, and emergency roadside assistance with towing service.
There are also exclusive discounts, like Signal by Farmer, which gives you up to 15% off your premium when you drive safely with the Signal tracker app. You can also receive extra discounts when you bundle your policy with multiple vehicles or add a homeowners insurance policy to your coverage.
With Geico, you receive the power and support of the second-largest insurance company in the U.S. It’s available everywhere, with a wide reach most other cheap Alaska insurance providers cannot match. In addition to standard protections, Geico also offers motorcycle insurance, RV insurance, rideshare insurance, classic car insurance and boat insurance.
There are plenty of discounts to lower the total price, and as a bonus, you can bundle your commercial vehicle insurance for even more savings as a business owner.
Nationwide offers widespread auto insurance coverage that includes protections like rental car expense coverage, gap coverage, vanishing deductible coverage and also a total loss deductible waiver. In addition to providing cheap car insurance in Arkansas, Nationwide has the added benefit of local agents who can provide in-person support when you need it.
When you bundle your auto policy, you can also save on your auto insurance, home insurance or renters insurance policy. The On Your Side review also offers a free assessment of your policy each year to ensure that you have the right coverage.
State Farm is another company that provides local agents to offer support with some of the cheapest car insurance in Arkansas. Insurance coverage is still expensive, however, including options like car rental and travel expenses coverage and rideshare driver coverage. There is also specialized coverage available if you can bundle motorcycle insurance, RV insurance and boat insurance.
As a specialized provider, USAA provides the best insurance for the military, also extending service to veterans and family members. It offers car insurance, life insurance and homeowners insurance. There is consistently top-rated customer service with excellent mobile tools when you need support with your policy.
The price is very competitive, too, with the average member saving $707 when switching to USAA auto insurance.
Affordable coverage for Arkansas drivers
Arkansas is a state that requires all drivers to carry a minimum amount of car insurance before they get behind the wheel.
In the state of Arkansas, drivers must carry the following minimum insurance coverage:
- Bodily injury liability coverage per person: $25,000
- Bodily injury liability coverage per accident: $50,000
- Property damage liability coverage per person: $25,000
There is also recommended coverage that you may opt to reject in writing. This coverage includes:
- Uninsured/underinsured motorist bodily injury coverage per person: $25,000
- Uninsured/underinsured motorist bodily injury coverage per accident: $50,000
- Uninsured motorist property damage coverage: $25,000 with a $200 deductible
- Medical benefits: $5,000
- Lost earnings: $140 per week
- Accidental death benefits per person: $5,000
While it may be tempting to opt for the minimum coverage, it’s also important to ensure that you have enough protection if you need it.
How to get cheap car insurance in Arkansas
There are other ways to find the cheapest car insurance in Arkansas for your family:
- Compare providers: One provider may price your coverage very differently from another, so you should shop with multiple car insurance companies to find the best deal. For example, you can save an average of over $700 when you switch to USAA car insurance. Using Bankrate’s free comparison tool, explore multiple providers to see which company offers the best coverage at the cheapest price.
- Take advantage of discounts: Don’t forget about car insurance discounts, which are an easy way to save money on your policy each year. From safe driving discounts and low mileage discounts to payment discounts and even student discounts, your insurance provider likely offers a whole list of ways that you can save money on your insurance policy.
- Work on your credit score: When insurance companies price your insurance, they look to your credit score. By reviewing your payment history, insurance providers are able to better assess your risk as a policyholder and will price your coverage accordingly.
- Increase your deductible: One way to lower your payment each month is to increase your deductible, which is the amount you pay upfront when you experience a loss. While a higher deductible may mean more affordable car insurance, it’s also important to remember that you will have to pay more out-of-pocket if there’s an accident.
Frequently asked questions
What is the best car insurance in Arkansas?
The best car insurance in Arkansas comes from Allstate, Auto-Owners, Geico, Progressive and USAA. Pricing for the cheapest car insurance in Arkansas depends on factors like where you live, the car you drive and your credit and claims history.
What is the average cost of car insurance in the U.S.?
The average cost of car insurance in the U.S. is $663 per year for a minimum courage policy and $1,738 per year for full coverage car insurance. It’s more affordable to be a driver in Arkansas, with the average cost of car insurance in this state costing $452 for minimum coverage and $1,912 for full coverage.
Is car insurance required in Arkansas?
All drivers in Arkansas must purchase a minimum amount of car insurance that includes $25,000 bodily injury liability per person, $50,000 bodily injury liability per incident and $25,000 property damage liability per incident.
Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a cleaning driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.