Arkansas residents might want to be aware of the state-specific factors that can affect their insurance needs and how much they will pay when shopping for car coverage.The average cost of car insurance in Arkansas is $1,914 per year for full coverage, according to Bankrate’s 2021 study of quoted annual premiums.
It can be difficult to find the best Arkansas car insurance. Bankrate’s insurance editors have done the research for you. We have reviewed the largest car insurance providers in Arkansas by market share through several lenses to help you find the coverage that fits your needs and budget.
Arkansas’s best car insurance companies
We analyzed the average premiums of each company as we looked for the best Arkansas auto insurance. This information was obtained from Quadrant Information Services. We also considered coverages, discounts and policy features, as well as financial stability scores.
We gave each company a Bankrate score to simplify the information. Scores range from 0.0 up to 5.0. The Bankrate Score of a company is based on its closest score to 5.0. This determines how highly it ranks in each category.
You might consider these companies if you’re looking for the best Arkansas car insurance.
USAA
J.D. often gives USAA the highest score. Power, although the carrier is not eligible for official ranking because it only sells coverage to active or retired military and their immediate family members. USAA has the lowest average premium and may offer you cheap car insurance if you are eligible. There are also discounts for military personnel, such as savings on garaging your car at a base military base or storage of your vehicle in case you are deployed.
Auto-Owners
Although Auto Owners is not as well-known as other providers, it is only available in 26 states. However, J.D. has a high customer satisfaction score. You can customize your policy with power and many coverage options. You may be able add car replacement coverage, gap coverage or diminished value coverage. Auto-Owner offers many discounts, despite having a premium that is slightly higher than Arkansas’s average.
Geico
Geico may be an option if you prefer to manage your insurance online. The highest score was achieved by the company in the J.D. The company received the highest score in the J.D. Within Geico’s mobile app, you can file claims, call for roadside assistance, view ID cards and initial policy changes.
State Farm
If you are looking for the cheapest car insurance in Arkansas but do not qualify for USAA, you might want to get a quote from State Farm. State Farm offers exceptional mobile tools that will help you manage your policy. They also have an above-average customer satisfaction score. State Farm sells its insurance through a national network of more than 19,000 agents. This makes it a great choice if you prefer to manage your insurance in person.
Allstate
Although Allstate’s premium may be the most expensive on our list, the company has a unique way to reward safe driving. If you sign up for either one of Allstate’s driving programs, Drivewise or Milewise, you might save money on your auto insurance and earn points for safe driving. If you complete 10 trips with no hard brakes or rapid accelerations, for example, you earn 200 points. Points can be used to redeem gift cards, magazine subscriptions and sweepstakes tickets, as well as merchandise.
Arkansas average cost for car insurance
Arkansas’s average annual cost for car insurance is $1,914 for full coverage. This is significantly higher than the $1,674 national average annual cost for full coverage. This could be due to the incidence of serious accidents in the state, including a high number of fatal accidents.
Arkansas’s minimum state insurance requirements
Like most states, Arkansas requires drivers to purchase at least minimum levels of certain car insurance coverages. To drive legally in Arkansas, you must carry at least the following car insurance coverages and limits:
- $25,000 per person for bodily injury
- $50k bodily injury per accident
- $25,000 Property Damage to Others
Companies are legally required to provide uninsured motorist coverage. You can also choose personal injury protection (PIP), but you can reject these coverages in writing.
You will often pay the lowest rates if you buy minimum car insurance limits. You also risk more financial hardship in the event of an accident. You will be responsible for any injuries or property damage you do to another person’s vehicle or property. If you have the means to purchase higher liability limits, most insurance professionals recommend it.
You will not be covered for any damage to your vehicle if you have minimum coverage. Full coverage is required to protect your vehicle. This includes collision and comprehensive. If you have a vehicle loan or lease, financial institutions will usually require that you have full coverage.
How to get the best car coverage
Arkansas has many insurance companies, so it can be difficult to find the right one for you. Before you decide on a provider, here are some things to keep in mind.
- Assess your needsIt is important to understand what your insurance needs are before you make any decisions. For example, households with teenage drivers will likely have different insurance needs than those with retired drivers or home-based drivers. It is important to know what features, discounts, and coverages are most important to you before you start looking for quotes from companies.
- Take into account state factorsOther than the state’s minimum coverage limits, other factors could affect your choice of coverage. Arkansas, for example, is not immune to tornadoes.41 reported twistersIn 2020 alone. Consider adding comprehensive coverage to your policy, which covers damage from weather events. It is estimated that it costs approximately $2,500 to add comprehensive coverage.19% of driversArkansas has the highest rate of uninsured motorists in the country, with a staggering 80%. Uninsured motorist coverage might be worth looking into.
Arkansas offers car insurance discounts
Arkansas car insurance is not always the most affordable, but there are still ways to save. Taking advantage of auto insurance discounts is one of the quickest and easiest ways to lower your premium. While discounts are available for different companies, the following discounts are common in Arkansas:
- Multi-policy:Many companies that offer both auto and home insurance offer multi-policy discounts. You may be eligible for this discount.Both types of policies can be purchasedThrough the same company. You’ll usually get a discount on both your policies.
- Student discounts:Insuranceteen driversAlthough premiums are not cheap, there are discounts that can help you keep your premium within your financial budget. There are many savings opportunities, including discounts for students who don’t have a car or driver education discounts.
- Billing discounts:There are ways to save money on your car insurance bill. Common billing discounts include paying in full, opting to have automatic withdrawals, and going paperless with your billing statements.
- Discounts on driving programs:Safe driving programs are offered by many companies. These programs monitor your driving habits using a plug-in device, or a mobile application. You might be eligible for a discount on your car policy if you are a safe driver.
Although most insurance companies offer discounts online, discounts can vary from one state to the next. Talking to a licensed agent to find ways to save is often the best way.
Questions frequently asked
Which Arkansas car insurance company is best?
There is no one single best car insurance company for all drivers, because every driver has a different situation and has different wants and needs. Comparing quotes from different providers will help you determine which company has the best coverage, discounts, and policy features.
What information are you required to obtain Arkansas car insurance?
You will need basic information to get a quote for car insurance. This includes your name, address and driver’s license number. Your Social Security number may also be required. You will also need the vehicle identification number (VIN), name, birth date, and license number of every driver in your household.
Do I need minimum coverage?
Although minimum coverage is usually cheaper than full coverage in general, it can result in higher out-of-pocket costs if you are involved in an accident. You can read more about it here. Insurance experts generally recommend higher limits. A licensed agent can help you decide the right level of coverage.
How can I find the right provider for me?
When choosing car insurance, there are many factors you should consider. You should consider the price of the quote, the discounts available, and whether the company offers mobile apps or an online customer portal. Also, how third-party reports compare to other companies.
