Best Homeowners Insurance in Arkansas (2022)

Shelter offers the cheapest home insurance in Arkansas, $146 a month, and has a low rate of complaints.

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Shelter Insurance and Farmers offer the cheapest homeowners insurance in Arkansas, with monthly rates averaging $157 and $173, respectively. Home insurance can be expensive, but it’s important to make sure your coverage matches your needs. Here’s the information you need to get the best homeowners insurance in Arkansas at the best price.

In this article

How much does homeowners insurance cost in Arkansas?

Our in-depth analysis of homeowners insurance quotes shows that the average cost of insuring a typical Arkansas home is $2,447 a year, or $204 a month.

Arkansas’s home insurance rate is 40% higher than the national average and the ninth highest in the nation.

Who offers the cheapest home insurance in Arkansas?

Shelter offers the cheapest home insurance in Arkansas, with rates averaging $157 a month statewide. The next-lowest rates are available from Farmers, $173 a month, and Nationwide, $206 a month.

Cheapest home insurance companies in Arkansas
Company Annual rate Monthly rate
Shelter $1,880 $157
Farmers $2,079 $173
State average $2,447 $204
Nationwide $2,469 $206
Allstate $2,675 $223
State Farm $2,734 $228
USAA $2,847 $237
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Home insurance companies analyze several factors about you and your home to determine your rate. The most common factors include:

  • The location of your home and its age, construction materials and architectural style.
  • Whether you have certain liability risks on your property, such as a pool or trampoline, exotic pets or a maintenance issue.
  • Your insurance and credit history.
  • The types and amounts of discounts you may qualify to receive.

Since each insurance company weighs these factors differently, you may qualify for a significantly better rate with one company than you do with others. This is why it’s best to compare quotes from multiple companies when you shop.

Find cheap homeowners insurance in Arkansas

Who offers the best homeowners insurance in Arkansas?

USAA and Nationwide have the best customer service ratings, and State Farm has the largest market share, but Shelter has the best overall combination of attributes among Arkansas home insurance companies.

Best customer service ratings: USAA and Nationwide

Among the Arkansas insurance companies in our analysis, USAA has the highest overall satisfaction ranking from J.D. Power, and Nationwide has the best Complaint Index rating from the National Association of Insurance Commissioners (NAIC).

Based on a 1,000-point scale, J.D. Power’s satisfaction index is based on customer surveys ranking home insurance companies on interaction, policy offerings, price, billing process, policy information and claims.

USAA’s score of 882 is the highest among all home insurance companies nationwide. USAA is only available to current and former members of the military and their families.

Among the rest of the companies in our analysis, the next-highest overall satisfaction scores belong to State Farm, 835, and Allstate, 829.

Shelter is not included in J.D. Power’s rankings for home insurance companies, but it is included in the firm’s rankings for auto insurers.

Homeowners insurance customer satisfaction
Company Overall satisfaction index rankings
USAA 882
State Farm 835
Allstate 829
Segment average 825
Farmers 813
Nationwide 812
Shelter Not included
Source: J.D. Power 2021 U.S. Home Insurance Study

The NAIC Complaint Index rates insurance companies by the number of confirmed complaints they receive in relation to market share. A confirmed complaint is one that leads to a finding of fault by the insurance commissioner in the state in which it is filed.

The National Complaint Index is 1.0. A company with a 2.0 rating on the Complaint Index has twice as many confirmed complaints as expected for a company of its size. A 0.5 rating reflects half as many.

Nationwide has the lowest, or best, Complaint Index rating among the companies in our analysis, 0.4. Next best are USAA, 0.42, and Shelter, 0.47.

Insurance company Complaint Index ratings
Company NAIC Complaint Index
Nationwide 0.4
USAA 0.42
Shelter 0.47
Farmers 0.55
National Complaint Index 1.0
State Farm 1.01
Allstate 1.12
Source: National Association of Insurance Commissioners, 2021 data

Most popular home insurance company: State Farm

Even though our analysis found lower rates from other companies, State Farm is the most popular home insurance company in Arkansas, with 26% of written premiums statewide.

State Farm offers generous discounts to customers who bundle their homeowners policy with car insurance. The company also offers optional features that allow you to upgrade your coverage, such as replacement cost coverage for personal property.

Largest home insurance companies in Arkansas
Company Market share by written premium
State Farm 26%
Farm Bureau 14%
Shelter 8%
Allstate 8%
Farmers 6%
Source: National Association of Insurance Commissioners

Best overall home insurance company: Shelter

The lowest average rates in most parts of the state and a low Complaint Index make Shelter the best overall homeowners insurance company in Arkansas.

Shelter’s average rate of $157 a month in Arkansas is 23% lower than the statewide average. And its 0.47 Complaint Index rating shows that it has less than half as many confirmed complaints as a typical company of its size.

Although Shelter is not included in J.D. Power’s satisfaction rankings for home insurers, it was J.D. Power’s highest-ranked auto insurer in 2021 for the Central U.S., a nine-state region that includes Arkansas.

How much is home insurance in Arkansas’s largest cities?

Among Arkansas’s most-populated cities, the average price of home insurance ranges from $187 a month in Rogers to $215 a month in Fort Smith. The average price of home insurance in Little Rock is $199 a month.

Home insurance rates in Arkansas’s largest cities
City and population ranking Average monthly rate
1. Little Rock $199
2. Fort Smith $215
3. Fayetteville $194
4. Springdale $191
5. Jonesboro $189
6. Rogers $187
7. Conway $189
8. North Little Rock $196
9. Bentonville $199
10. Pine Bluff $204
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

An insurance company's costs of doing business in a particular area are among the many factors that determine its rates. Since insurance companies tend to pay out more in claims in areas exposed to extreme weather and/or with high crime rates, they tend to charge more for home insurance in these areas.

Get home insurance quotes from top Arkansas companies

Cheapest home insurance in Arkansas’s largest cities

Shelter offers the cheapest home insurance in each of the state’s five largest cities, which, in order of population size, are Little Rock, Fort Smith, Fayetteville, Springdale and Jonesboro.

Farmers offers the second-lowest average rate in each of the top-five cities except Jonesboro, where Allstate has the second-best price.

Cheapest home insurance in Little Rock
Company Average monthly rate
Shelter $155
Farmers $195
City average $199
USAA $200
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
Cheapest home insurance in Fort Smith
Company Average monthly rate
Shelter $160
Farmers $177
State Farm $205
City average $215
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
Cheapest home insurance in Fayetteville
Company Average monthly rate
Shelter $149
Farmers $167
Nationwide $179
City average $194
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
Cheapest home insurance in Springdale
Company Average monthly rate
Shelter $141
Farmers $162
Nationwide $179
City average $191
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
Cheapest home insurance in Jonesboro
Company Average monthly rate
Shelter $150
Allstate $182
USAA $183
City average $189
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

How can I save on home insurance in Arkansas?

In addition to comparing quotes to find the lowest rate, you can save on homeowners insurance in Arkansas by seeking as many discounts as possible and increasing your policy’s deductible.

Discounts

You’ll often get a discount for bundling home and auto insurance with the same company. Many insurance companies offer additional discounts to customers with certain safety or security features in their home, such as monitored security and water-leak detectors.

Make sure to ask your agent about any and all discounts that may be available to you.

Deductibles

Increasing your deductible usually also reduces your home insurance rate. Your deductible is the amount you pay out of your own pocket for repairs and property losses before your insurance funds kick in.

In Arkansas, increasing the deductible from $500 to $2,000 on a typical home insurance policy knocks $34 a month off the average premium, which adds up to $403 a year.

Arkansas home insurance rates by deductible
Deductible amount Average annual rate Average monthly rate
$500 $2,587 $216
$1,000 $2,447 $204
$1,500 $2,292 $191
$2,000 $2,184 $182
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Arkansas home insurance laws and requirements

There is no legal requirement to purchase homeowners insurance in Arkansas, but lenders usually require it for a mortgage. Lenders usually also require additional flood insurance for mortgages on homes in high-risk flood zones.

If you are new to Arkansas, you should know that the state experiences tornadoes, flooding and thunderstorms with severe hail. Here’s how homeowners insurance provides financial protection from these perils.

Tornadoes, thunderstorms, extreme wind and hail

Lightning, hail and extreme winds, including tornadoes, are among the perils that a homeowners insurance policy typically covers. However, you should check your policy or quote to make sure it does not contain exclusions or limitations for any of these risks.

Insurance companies typically require you to file a wind or hail claim within 365 days after the damage occurs. However, the Arkansas Insurance Department requires insurance companies to extend the deadline to customers who can show “good cause” for a filing delay.

Flood insurance in Arkansas

Homeowners insurance does not cover flood damage, so you have to buy separate flood insurance to protect against this specific peril.

Most flood insurance is purchased through the National Flood Insurance Program (NFIP), but flood insurance is also offered by private insurance companies.

If you’re not sure about the flood risk of your own home or a home you want to buy, you can find it online. Just visit the Federal Emergency Management Agency (FEMA) website and follow the links to the Flood Map Service Center.

If your home is in a high-risk flood zone, which is any zone beginning with the letter A or V on a FEMA flood map, your lender will require flood insurance for a mortgage. You can also purchase flood insurance on an optional basis if you don’t have a mortgage or your home is in a low- or moderate-risk area.

The average cost of NFIP flood insurance in Arkansas is $977 a year, or $81 a month.

Frequently asked questions about home insurance in Arkansas

How much is home insurance in Arkansas?

The average price of insurance for a typical home in Arkansas is $2,447 a year, or $204 a month.

Which company offers the cheapest homeowners insurance in Arkansas?

Shelter offers the cheapest homeowners insurance in Arkansas, charging customers an average $1,880 a year, or $157 a month.

How much is flood insurance in Arkansas?

The average price of flood insurance through the government-backed National Flood Insurance Program (NFIP) in Arkansas is $977 a year, or $81 a month. Private flood insurance rates vary by company.

Methodology

We obtained quotes for a standard HO-3 homeowners insurance policy on a typical home in every ZIP code in Arkansas. Unless otherwise noted, standard policies included the following limits and deductibles:

  • Dwelling coverage: $275,000
  • Other structures: $27,500
  • Personal property: $137,500
  • Loss of use: $55,000
  • Liability: $100,000
  • Medical payments: $5,000
  • Deductible: $1,000

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