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Best homeowners insurance in Arkansas for 2023

Companies writing the best homeowners policies in Arkansas include USAA, Travelers, State Farm, Encompass and Auto-Owners.

Updated Apr 04, 2023
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2 out of 3 homes
are underinsured
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Compare the best homeowners insurance companies in Arkansas

Although your rate may vary from this, the average homeowner in Arkansas with $250,000 in dwelling coverage pays $2,123 annually for their policy. Using rate data from Quadrant Information Services, we compared average rates from top companies with the state average. Looking at companies with competitive rates, we further narrowed our list by analyzing coverage options, discounts, digital tools, scores from J.D. Power's 2022 Home Insurance Study and AM Best's ratings for financial strength.

USAA
Rating: 3.7 stars out of 5
3.7
Bankrate Score
Info
AM Best
A++
J.D. Power score
884
/1,000
Average monthly premium
$134
Average annual premium
$1,604
Get a quote
Travelers
Rating: 3.3 stars out of 5
3.3
Bankrate Score
Info
AM Best
A++
J.D. Power score
794
/1,000
Average monthly premium
$146
Average annual premium
$1,755
Get a quote
State Farm
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
AM Best
A++
J.D. Power score
829
/1,000
Average monthly premium
$190
Average annual premium
$2,285
Read review
Encompass
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
AM Best
A+
J.D. Power score
Not rated
Average monthly premium
$148
Average annual premium
$1,781
Get a quote
Auto-Owners
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
AM Best
A++
J.D. Power score
825
/1,000
Average monthly premium
$198
Average annual premium
$2,376
Get a quote
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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

*USAA is not officially ranked by J.D. Power due to eligibility restrictions.

The top 5 home insurance companies in Arkansas

Best for military-focused coverage options

Rating: 3.7 stars out of 5
3.7 Bankrate Score
JD Power: 884 AM Best: A++

Average annual premium

$ 1,604 for $250k dwelling
USAA Review

Explore Bankrate's review

Why USAA made our list: For active or retired military members and their families living in Arkansas, USAA may be a great homeowners insurance provider to consider. Policies include coverage for military uniforms, and USAA is also a lender of Veterans Administration loans. Although it is technically not eligible for ranking, USAA consistently scores highly on J.D. Power customer satisfaction studies. In addition to low average rates, policyholders may earn a discount for installing protective devices and maintaining continuous coverage with USAA.

Who USAA may be good for: If you are stationed at Pine Bluff, Fort Chaffee or Camp Joseph Robinson, or if you are retired from an Arkansas military installation, USAA may be a great homeowners insurance company for you. 

Best for low average rates

Rating: 3.3 stars out of 5
3.3 Bankrate Score
JD Power: 794 AM Best: A++

Average annual premium

$ 1,755 for $250k dwelling
Travelers Review

Explore Bankrate's review

Why Travelers made our list: For shoppers on a budget, Travelers' offers low average rates in Arkansas. Your own rate with the company may be improved with discounts, which include a claims-free discount, home buyer discount and a green home discount for anyone with a LEED-certified home. You may be able to customize your policy with a long list of endorsements, including water backup, jewelry and valuable items coverage and identity fraud coverage. Travelers came in below average in both the J.D. Power 2022 Home Insurance Study and the 2022 Property Claims Satisfaction Study, you may want to speak with existing policyholders about their experience if customer service is a priority for you. 

Who Travelers may be good for: Travelers' low average rates may make it a good option for homeowners on a tight budget. It might also be a good choice for shoppers looking to customize their insurance policy with unique endorsements. 

Best for local agents

Rating: 3.2 stars out of 5
3.2 Bankrate Score
JD Power: 829 AM Best: A++

Average annual premium

$ 2,285 for $250k dwelling
State Farm Review

Explore Bankrate's review

Why State Farm made our list: State Farm may be a good option for those who want a more personal insurance experience. The company has a large number of local agents that may be able to assist with purchasing home insurance face-to-face. Working with a local agent may help ensure you're taking advantage of all potential discounts, like bundling and new roof savings. For shoppers who prefer a virtual experience, State Farm does offer a robust digital app and website, but its average rates are higher than average in Arkansas, which may not suit homeowners on a strict budget. 

Who State Farm may be good for: Policyholders who value customer service may appreciate State Farm's local agent availability and robust digital tools. 

Best for convenient coverage packages

Rating: 3.2 stars out of 5
3.2 Bankrate Score
JD Power: Not rated AM Best: A+

Average annual premium

$ 1,781 for $250k dwelling
Encompass Review

Explore Bankrate's review

Why Encompass made our list: Encompass Insurance is a subsidiary of Allstate with some unique features that may make it attractive to Arkansas homeowners. Encompass policies come in three levels: Special, Deluxe and Elite. At the higher levels, your policy includes 200 percent extended dwelling coverage. Encompass is a more regional carrier, but it offers a fairly comprehensive list of discounts with potential savings for protective devices, new homebuyers, renovations and more. However, Encompass does not offer online quoting or claims filing, so it may not be a good option for shoppers who value digital tools.

Who Encompass may be good for: If simplified, pre-packaged home insurance options are appealing to you, and you prefer to handle your insurance needs in person or over the phone, Encompass may be a great choice for your home insurance. 

Best for unique endorsement options

Rating: 3.2 stars out of 5
3.2 Bankrate Score
JD Power: 825 AM Best: A++

Average annual premium

$ 2,376 for $250k dwelling
Auto-Owners Review

Explore Bankrate's review

Why Auto-Owners made our list: Auto-Owners is a regional carrier with coverage available in 26 states. Although Auto-Owners does not have the same robust digital tools as some competitors, it does have a long list of endorsements for potential policy customization. Add-ons include cyber protection, identity theft coverage and guaranteed home replacement. For shoppers who prefer simplicity, Auto-Owners offers the Homeowners Plus bundle, which is a package of various endorsements, including coverage for damage caused by household appliances. Auto-Owners' rates are not as competitive as some other carriers in Arkansas, but policyholders may be able to lower their rates with discounts for advanced quoting, backup generators and being mortgage-free. 

Who Auto-Owners may be good for: Policyholders who are willing to pay a bit more for extensive endorsement options might pick Auto-Owners as their company of choice.

How Bankrate chose the best home insurance companies in Arkansas 

Bankrate's insurance editorial team looked closely at Arkansas homeowners insurance companies to determine who was writing the best policies in the state. Multiple factors, including average cost, customer service ratings and breadth of coverage options were taken into account. Each company was then assigned a Bankrate Score ranging from 0-5. The higher that score, the more likely the company was to land on our list of best Arkansas homeowners insurance list.

How much is home insurance in Arkansas?

The average cost of homeowners insurance in Arkansas is $2,123 per year for $250,000 in dwelling coverage, nearly 50 percent higher than the national average of $1,428 for the same amount of dwelling coverage. Arkansas’ higher average premium may be partly due to the frequency of natural disasters that lead to insurance claims. Rates in this part of the country may vary greatly depending on factors such as the risk of tornado damage. This can be seen by looking at the average rates for neighboring states. Oklahoma homeowners pay an average of $3,659 for $250K in dwelling coverage, while Mississippi's average rate is lower at $1,900.

$150K
$1,193
$250K
$1,604
$350K
$1,962
$450K
$2,292
$750K
$3,233
$150K
$1,116
$250K
$1,755
$350K
$2,352
$450K
$2,882
$750K
$4,734
$150K
$1,618
$250K
$2,285
$350K
$2,789
$450K
$3,450
$750K
$5,381
$150K
$1,298
$250K
$1,781
$350K
$2,203
$450K
$2,592
$750K
$3,729
$150K
$1,745
$250K
$2,376
$350K
$2,969
$450K
$3,668
$750K
$6,626
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Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

In addition to your personal rating factors, your homeowners insurance rates may vary within Arkansas based on where you live. Cities and even individual ZIP codes experience different crime rates and regional weather patterns, which may impact your premiums. Below are the five cheapest cities for homeowners insurance in Arkansas, based on average rates. 

  • Gravette: $1,877 — 12 percent below the state average
  • Kingston: $1,881 — 11 percent below the state average
  • Wesley: $1,881 — 11 percent below the state average
  • Huntsville: $1,885 — 11 percent below the state average
  • Maysville: $1,886 — 11 percent below the state average

If you live in one of the cities below, you may pay higher-than-average rates for homeowners insurance. Based on average rates, these are the five most expensive cities for home insurance in Arkansas.

  • Adona: $2,409 — 13 percent above the state average
  • Junction City: $2,408 — 13 percent above the state average
  • Mansfield: $2,408  — 13 percent above the state average
  • Gravelly: $2,405  — 13 percent above the state average
  • Letona: $2,404  — 13 percent above the state average

How to find the best cheap home insurance in Arkansas

If you're looking for the cheapest home insurance, there are steps you may be able to take to save on your premium

  1. Shop around and compare rates: Every insurer uses its own underwriting criteria to determine rates, so even if you are asking for the exact same coverage, you're likely to get different quotes from each company. Comparing quotes may allow you to see which carrier can offer the lowest rates for the coverage you need. 
  2. Improve your credit score: Arkansas insurers are allowed to consider your credit history when determining rate. The higher your score, the more you may save on your premium.
  3. Maintain your roof: An old or damaged roof could potentially be the cause of a costly insurance claim. To avoid that, insurers will often reduce your rate if you have a newer roof, especially if you build it with storm-resistant materials. You could check with your insurer about roof-related savings opportunities. 

Common home insurance discounts in Arkansas

Most home insurance companies offer at least a handful of discounts for potential policy savings. Some common ones you might find include: 

Home insurance coverage types in Arkansas

Standard home insurance policies may not include all the coverage types you need. Endorsements are optional add-ons that may help you build a more robust policy. Common endorsements and standalone policies you might consider in Arkansas include: 

  • Flood insurance: Flood damage is not covered by standard home insurance policies. If you live in an area at risk of flooding, you may want to consider purchasing a flood insurance policy from a private carrier or the National Flood Insurance Program (NFIP). 
  • Scheduled personal property coverage: If you own items with an individual value of over $500, such as fine jewelry or electronics, you may not receive the item’s full value after a covered peril. Scheduled personal property may ensure the higher-value items’ replacement cost is accounted for in your policy. 
  • Identity theft coverage: As more of our personal information lives online, identity theft is becoming more common. Identity theft coverage is designed to help cover the costs associated with restoring your identity after a breach. 

Frequently asked questions

Written by
Mary Van Keuren
Insurance Contributor

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Edited by Insurance Editor
Reviewed by Director of corporate communications, Insurance Information Institute