Arkansas auto insurance rates average $470 per month for minimum coverage, and $1914 for complete coverage. You will need the minimum insurance required by Arkansas to legally drive a car. However, there are many factors that can influence the price you pay.
What is the cost of car insurance in Arkansas?
Other than Arkansas’ minimum requirements for car insurance, factors that can influence your actual premium include:
- Zip code
- Provider of insurance
- Age
- Driving history
- Make and model of car
- Credit score
- Coverage level
- Deductible
- Marital status
The average cost of car insurance in the United States for drivers is $565 for minimum coverage and $1,674 full coverage. This means that although Arkansas is generally cheaper for minimum coverage, full coverage is usually more expensive.
Arkansas car insurance rates by firm
To help you start your search for Arkansas car insurance, you should take note of the average premium charged by these companies. Some companies have the lowest rates while others offer lower rates. While some companies might offer higher rates at the beginning, they may offer discounts that lower prices and make them a more affordable.
| Car insurance company | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|
| AAA | $425 | $1,454 |
| Alfa | $433 | $2,044 |
| Allstate | $656 | $3,039 |
| Auto-Owners | $508 | $2,155 |
| Cameron Mutual | $529 | $1,720 |
| Columbia | $372 | $1,914 |
| Farmers | $326 | $1,150 |
| Geico | $392 | $2,312 |
| MetLife | $1,033 | $2,854 |
| Nationwide | $362 | $1,350 |
| Progressive | $376 | $1,492 |
| Sentry | $670 | $2,619 |
| Shelter | $556 | $1,862 |
| Southern Farm Bureau | $316 | $1,215 |
| State Farm | $350 | $1,281 |
| The Hanover | $1,140 | $4,183 |
| USAA | $287 | $1,142 |
Arkansas auto insurance rates by location
The car insurance premium that you pay can be affected by where you live in Arkansas. Here are the average rates for the most populous cities in Arkansas. These rates can be used as a guideline to help you compare them with the state’s average premium for full coverage.
| City | For full coverage, the average annual premium | Increase of % in the average annual premium |
|---|---|---|
| Little Rock | $2,029 | 6% |
| Fort Smith | $1,751 | -9% |
| Fayetteville | $1,736 | -9% |
| Conway | $1,814 | -5% |
| Jonesboro | $1,848 | -3% |
| Springdale | $1,733 | -9% |
| North Little Rock | $1,964 | 3% |
| Rogers | $1,707 | -11% |
| Pine Bluff | $2,138 | 12% |
| Benton | $1,934 | 1% |
| Russellville | $1,774 | -7% |
| Bentonville | $1,704 | -11% |
| Texarkana | $2,101 | 10% |
| Jacksonville | $1,902 | -1% |
| Van Buren | $1,781 | -7% |
| Cabot | $1,906 | 0% |
| Paragould | $1,877 | -2% |
| El Dorado | $2,032 | 6% |
| Harrison | $1,768 | -8% |
Arkansas car insurance rates based on age
Arkansas auto insurance rates are influenced by driver age, just like other states. Drivers below 25 years old typically pay the highest rates. Keep in mind, however that the 16-year rate assumes that the driver is covered by their parents’ policy. However, other factors such as poor driving records or expensive cars can dramatically alter these premiums.
| Age | Arkansas average annual premium |
|---|---|
| Age 16* | $2,704 |
| Age 18 | $5,814 |
| Age 20 | $4,372 |
| Age 25 | $2,470 |
| Age 30 | $2,147 |
| Age 40 | $2,022 |
| Age 50 | $1,774 |
| Age 60 | $1,726 |
| Age 70 | $1,890 |
*Based on disclosures from parents, 16-year-old was taken into account
Arkansas car insurance rates based on driving record
Your driving record can have a big impact on your car insurance rates in Arkansas. Your driving record can have a dramatic impact on how much you pay for car insurance. The rates below reflect the average premium increase for a single incident. If you have multiple convictions in a short time, expect your premiums to go up exponentially.
| Accident while driving | Arkansas’s average annual premium for full coverage | Increase of % in the average annual premium |
|---|---|---|
| Speeding ticket | $2,317 | 21% |
| Accident | $2,682 | 29% |
| DUI | $3,122 | 39% |
Arkansas: How to Save on Car Insurance
Arkansas’ average car insurance rates are not guaranteed. Your unique situation will impact your premium. However, there are several ways to lower your car insurance costs.
- Compare rates: There are many car insurance providers. Switching carriers may help you get a lower premium. Compare quotes from different providers to find the best one for you.
- Compare discounts: Discounts can vary from one company to another. Although two companies might offer similar ways to save money, you may be able to save more with one company. You may prefer to talk with an agent than searching online for discounts that might be available.
- Increase your deductible: You’ll pay less every month for the same policy if you increase your deductible. However, the insurance company will not pay as much towards a claim. You can choose a deductible that is affordable and suits your budget.
- Your credit score can be improved: Arkansas car insurance companies are allowed to use your credit score in order to calculate your premium. Research has shown that low credit score drivers are statistically more likely than high-score drivers to file a claim. Your premium could drop if your credit score increases.
- An older car is more affordable to insure. You can save even more by driving an older car that has a high safety rating. This car can be paired up with car-related discounts like dual airbags or anti-lock brakes.
Questions frequently asked
What is the monthly cost of car insurance in Arkansas?
Each driver has a unique premium. The average monthly cost of Arkansas car insurance is $39 for minimum coverage ($470 per year), and $160 for full coverage ($1,914 per year).
Is it possible to change car insurance providers in Arkansas
Switching providers is usually not difficult and your new carrier will often help you cancel your old policy.
How can I find the best auto insurance company?
Everyone is different and finding the best car insurance can be a difficult task. It is a good idea for everyone to compare the coverage options and discount offers offered by local providers. Talk to a licensed agent to find out more about your options.