Best Auto Insurance Rates in Arkansas

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Arkansas drivers pay an average $798 per year for car insurance, according to our data. This amount is based on a driver that has the state's minimum required insurance coverage it may cost more to increase your coverage. To save money on car insurance in Arkansas, it's important to research your options. This article covers everything you need to know to find cheap car insurance in Arkansas.

We found that Columbia Insurance Group and USAA offer the cheapest insurance premiums for drivers in Arkansas. Rates are based on personal factors like age, credit score and location, so the state average may not reflect your premium. We analyzed how different driving profiles impact rates in Arkansas, including good drivers, young and new drivers, high-risk drivers and drivers with one accident on their record. We also looked at rates for the 10 most populous cities in Arkansas. This article covers:

Cheapest car insurance companies in Arkansas

According to our research, these are the cheapest car insurance companies in Arkansas:

Cheapest car insurance in Arkansas
Insurance company Average annual rate
Columbia Insurance Group $454
USAA $519
Southern Farm Bureau $570
GEICO $594
Progressive $604
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

To find the cheapest car insurance companies in Arkansas, we analyzed insurance provider rates from across the state by inputting our base driver profile, a 35-year-old male with no accidents on his record and an average credit score. The driver holds the state's minimum required liability insurance limits.

Rates depend on personal factors like your driving record, age and credit score. We've provided estimated rates for the average driver, but they may vary significantly from what you could pay. For that reason, you should compare auto insurance quotes from several insurers.

Cheapest car insurance for good drivers in Arkansas

Good drivers with excellent credit scores, clean driving records and plenty of years on the road usually have lower insurance premiums. That's because providers find that they are less likely to file a high number of insurance claims. We found that, on average, good drivers in Arkansas pay $596 per year, or $50 per month, for car insurance. That's $202 less per year or $17 less per month, than the average driver in the state.

average cost of car insurance for good drivers in arkansas

Cheapest car insurance for young and new drivers in Arkansas

Young and new drivers have less experience on the road, so they're more likely to submit insurance claims. Because of this, insurers typically charge them more for car insurance. We found that, on average, young and new drivers in Arkansas pay $2,550 per year, or $213 per month, for car insurance. That's $1,752 more per year, or $146 more per month than our base driver in Arkansas.

average cost of car insurance for young drivers in arkansas

As a teen driver, your rates will likely be expensive until you reach age 25. That's when insurers usually start to make premiums more affordable. One way to save on car insurance before your 25th birthday is to stay on your parent's policy for as long as possible. Many insurers offer multi-car discounts for drivers on the same policy, so you could spend less than if you had your own policy.

Whether you stay on your parent's plan or not, you can check which discounts you may qualify for. Young and new drivers may get good student discounts or defensive driving course completion discounts.

Cheapest car insurance for high-risk drivers in Arkansas

If you're deemed a high-risk driver by your car insurance company, get ready for a serious bump in your insurance costs. High-risk drivers with poor credit scores and bad driving records are expected to file more insurance claims, so providers are typically quick to upcharge them. Their spotty driving record may make them a high risk to insure.

On average, Arkansas drivers deemed high-risk pay $1,845 a year, or $154 a month for auto insurance. That's $1,047 more per year, or $87 more per month, than the average driver in the state.

average cost of car insurance for high risk drivers in arkansas

Cheapest car insurance for drivers with one at-fault accident in Arkansas

Even a single at-fault accident can significantly raise your car insurance rates. To mitigate high rates, avoid traffic violations and accidents. The more claims you file, the more your insurer may charge you for insurance.

According to our data, a single car accident can raise your rates $383 per year, or $32 per month, in Arkansas.

average cost of car insurance for drivers with an accident in arkansas

Average Arkansas car insurance costs by city

Insurance rates may differ significantly based on where in Arkansas you live. For example, drivers in Little Rock pay an average $972 annually for car insurance, while drivers in Rogers pay an average $766 annually. The difference can be attributed in part to the fact that cities have varying crime rates and accident statistics. We compiled average premiums for the 10 most populous cities in Arkansas:

Average car insurance premiums for the biggest cities in Arkansas
City Average annual premium
Bentonville $768
Conway $816
Fayetteville $781
Fort Smith $788
Jonesboro $834
Little Rock $972
North Little Rock $940
Pine Bluff $927
Rogers $766
Springdale $781
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Minimum auto insurance requirements in Arkansas

Arkansas law requires all drivers to purchase liability protection only. These are the state's minimum requirements for liability coverage:

Arkansas minimum legal insurance coverage
Type of coverage Required inimum coverage amount
Liability bodily injury (BI) $25,000 per person/$50,000 per accident
Liability property damage (PD) $25,000 per accident

Although Arkansas only requires drivers to carry a certain amount of liability insurance, we recommend that you increase your coverage limits. Medical bills can quickly surpass the minimum requirement, and you'll want to ensure you don't have to pay out of pocket.

It's also recommended that you purchase more than just liability insurance. Collision and comprehensive coverage pays for damage to your vehicle, whereas liability pays for damage you cause to another person or vehicle.

Arkansas car insurance laws

Car insurance rates tend to increase after age 65. However, Arkansas law requires insurance companies to provide a discount to drivers over 55 years old who have completed an approved safe driving course.

Arkansas, like many other states, requires drivers to file an SR-22 form if their license is suspended. This serves as proof that you carry the state's minimum liability insurance. In your state, you'll need to have the SR-22 on file for three to five years.

Methodology

To find insurance premiums in Arkansas, we conducted research across several ZIP codes and with different insurance companies across the state. We used the base driving profile for a 35-year-old male with no accidents on his record and an average credit score. The driver holds the state's minimum required liability insurance limits.

We also used the base driver profile to find the average rates for the 10 most populous cities in Arkansas. These are the driver profiles we used for the following categories:

Good drivers

  • A single, 35-year-old male with no accidents on his record and an excellent credit score. The driver has 25/50/25 coverage, the state minimum.

Young and new drivers

  • A single, 18-year-old male with no accidents on his record and an average credit score. The driver has 25/50/25 coverage limits, the state minimum.

High-risk drivers

  • A single, 35-year-old male with one at-fault accident that resulted in $3,000 of property damage. The driver has a poor credit score and 25/50/25 coverage limits, the state minimum.

Drivers with one accident

  • A single, 35-year-old male with an average credit score. The driver has one at-fault accident on his record that resulted in $3,000 of property damage. He has 25/50/25coverage limits, the state minimum.

Arkansas Insurance Department

Website:
Homepage
Insurance Commissioner:
Allen W. Kerr
Insurance Hotline:
(800) 282 - 9134
Office Hours:
Monday - Friday
8:00 am to 4:30 pm
File a Consumer Insurance Complaint
Complaint Page

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