Do not let the thought of finding affordable auto insurance in Arkansas scare you. There are many companies that offer car insurance and will help you find the right one for you. These include well-known names like Progressive, Allstate, and Geico. The list isn’t complete. There are many more. Let’s take a look at what Arkansas residents need to know if you are looking for cheap auto insurance.
Arkansas’ Financial Responsibility Law
Every state requires that motorists show proof of financial responsibility. You must have proof of insurance to get a title for your car or register your vehicle in Arkansas. If you are pulled over or in an accident, you must show proof of insurance to a law enforcement officer. If you don’t have car insurance, your registration will be suspended.
Arkansas law requires basic coverage, often called 25/50/25 coverage. The policy must provide liability insurance coverage that covers bodily injury up to $25,000 per person, $50,000 per accident, and $25,000 for property damage. Arkansas follows the Tort system. This means that the person at fault for a two-vehicle collision must pay for the medical and damage costs of anyone else. The case can be brought to court by the person who isn’t at fault. The Tort system is used by car insurance companies in states where you can purchase more insurance than necessary.
As a motorist in Arkansas, you are not required to carry underinsured/uninsured motorist insurance, but with it being of such a great value, you might want to take it into consideration. This coverage will protect you from drivers who have only enough liability insurance to comply with the state’s legal requirements, but not enough to cover your damages. A driver without liability coverage will not be able to cause you any damages.
Statistics on Arkansas Auto Insurance Premiums
Between 2000 and 2007, auto insurance rates in 32 other states were higher than Arkansas’s. In 2000, Arkansas had a $606.05 average premium and $620.90 in 2005. 2008 saw 31 states have higher average premiums than 18 others, while Arkansas had $707.74 as its average. This was a 1.30 percent increase from 2007, when rates averaged $698.48. The 2008 figures showed that liability coverage averaged $389.86 and collision auto insurance averaged $309.10, while comprehensive coverage averaged $175.93.
Arkansas: Get Cheap Car Insurance Quotes
You can save time and money searching for car insurance in Arkansas by doing an online search. Before you begin this process, make sure to review your current car insurance policy. This will allow you to compare the coverage and premiums. This will allow you to compare the pricing and coverage offered by different companies.
Start by visiting online insurance comparison sites and filling in all required information. Although this may take some time, the savings could be worth it. You can keep track of each insurer in a separate file. This includes information about the company’s 800 number and payment policy. Also, note the consumer complaint ratio.