Best cheap car insurance in Little Rock

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For drivers in Little Rock, Arkansas, knowing who offers the best cheap car insurance can save you money. Car insurance rates in Little Rock average around $617 annually for minimum coverage and $2,029 annually for full. But with the right insurance company, you can sometimes beat the average. On average, in Arkansas, 17% of drivers are uninsured. Driving without auto insurance can lead to a host of problems, including legal and financial consequences. Arkansas isn’t among the worst states for vehicle accidents, but they experienced 472 fatal crashes in 2018.

To determine the best cheap car insurance in Little Rock, the most popular insurance companies in the area were selected and arranged by average premium cost. Next, they were ranked by J.D. Power score. Finally, Better Business Bureau (BBB) scores and discounts were factored in to provide the final five.

Best car insurance companies in Little Rock

The cheapest car insurance companies in Little Rock were compared using their J.D. power scores and available discounts. Those companies that managed to maintain higher J.D. power scores while still keeping their average premiums low made it to the top of the list. Below are the top five companies selected this way.

Insurance Company J.D. Power Score Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
USAA 905 / 100 $361 $1,196
Geico 855 / 100 $492 $2,219
Progressive 849 / 100 $529 $1,669
State Farm 849 / 100 $528 $1,473
Nationwide 815 / 100 $447 $1,468

USAA

While USAA is not ranked by J.D. Power due to only being available to military members, veterans and their family members, it does receive a very high score in the annual J.D. Power auto insurance report. Additionally, they offer some of the cheaper car insurance in Little Rock. The BBB gave USAA an A- rating. The only downside is that you’ll have to be eligible to apply.

Geico

Geico scored very highly in the Little Rock area for 2020. Geico offers policies towards the cheaper end of our list, beat only by USAA and Nationwide for annual average minimum coverage rates. Balancing out their slightly higher rates, Geico offers some of the widest variety of auto insurance discounts. The BBB gave Geico an A+.

Progressive

Progressive offers products and services throughout most of the United States. They have some of the higher rates of the companies on our list, but they more than make up for that with discounts and their exceptional J.D. Power score. Progressive also scored an A+ with the BBB. With the ability to lower rates through discounts and the high ratings it received, Progressive is some of the best car insurance in Little Rock.

State Farm

State Farm has a reputation for flexibility and policy customization. The company is neck and neck with Progressive when it comes to J.D. Power scores and annual rates for minimum coverage. Still, State Farm offers full coverage at a slightly lower average. However, State Farm provides fewer discount options to balance out the rates. The BBB gives State Farm an A. Providing a robust selection of auto insurance options, along with decent discounts and strong ratings, State Farm is a great option for car insurance in Little Rock.

Nationwide

Nationwide offers extensive coverage options and an abundance of discounts. They scored lower on the J.D. Power report than our other four companies, but they were still in the top overall. Nationwide has annual rate averages towards the lower end of our top five, with plenty of discounts to help lower that further. The BBB gives Nationwide an A+. With so many discounts to help lower rates, a robust assortment of policy types, and good ratings, Nationwide is definitely worth checking out.

Cheapest car insurance in Little Rock

Arkansas has an average annual cost for auto insurance of $470 for minimum coverage and $1,914 for full. The national annual average is $565 for minimum coverage and $1,674 for full. Little Rock averages $617 annually for minimum and $2,029 annually for full – which is higher than the national averages and the Arkansas averages. However, there are local options cheaper than those averages.

When looking for car insurance quotes in Little Rock, the best provider is the one that strikes the right balance for you. Geico has higher average premiums but offers more discounts. USAA has the lowest premiums but is only available for a relatively small number of people. Each of these five is a good contender for the best cheap car insurance in Little Rock. Ultimately, the best one for you will be the one that provides the coverage you need for a reasonable price.

Insurance Company Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
USAA $361 $1,196
Farmers $431 $1,189
Nationwide $447 $1,468
Geico $492 $2,219
State Farm $528 $1,473

Little Rock insurance requirements

Arkansas, like most states, has mandatory minimum insurance laws. The state requires that all drivers have at least this amount of auto coverage:

  • Bodily Injury Liability Coverage: $25,000 per person and $50,000 per accident
  • Property Damage Liability Coverage: $25,000 per person

For the same reason that these laws were enacted in the first place, the amount of insurance they require may not always be enough. Car accidents can be expensive, and the driver determined to be at fault for the accident will nearly always carry financial responsibility for it.

When considering the cost of the modern cars and medical bills, that risk is one reason why some people choose to purchase more than the minimum amount of coverage. It’s also vital to understand that minimum liability insurance only pays for other people’s property damage and medical expenses. This is one of the main arguments for full coverage policies, as they fill that gap.

Car insurance discounts in Little Rock

  • Good student
  • Safe driver
  • Multiple policies
  • Multiple vehicles
  • Paperless billing

Most insurance companies in the area offer a variety of discounts. Some types are more common than others. The list above includes those discounts that are offered the most in Little Rock.

Safe driver discounts tend to provide some of the most considerable savings but require time to establish. Paperless billing discounts have a broad range of potential impacts on rates – yet, they are one of the easiest, quickest and most accessible ways to save money on auto insurance.

If you have multiple cars that need insurance or need insurance policies for more than just auto, using the same insurance company for both will generally net you a decent discount. The best approach is to utilize as many discounts as possible to receive the most considerable savings.

Frequently asked questions

What is the best car insurance company?

The best auto insurance company and policy for you will be the one that meets your needs to your satisfaction, without breaking your wallet. Depending on your driving record, vehicle, age and more, the exact answer can vary. For a good start, consider the Bankrate guide the Best Car Insurance Companies for 2021.

How much car insurance do I need in Little Rock?

At the very least, you need the state minimum. In Little Rock, this is $25,000 per person and $50,000 per accident for bodily injury. Plus $25,000 per accident for property damage. Beyond the minimum liability, determining how much auto insurance you need involves several variables. Consider the Bankrate guide on the matter to help you decide how much insurance is right for you.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 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 clean 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 base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.