How Much is Car Insurance in Arkansas? Rates by Coverage Level, Age, Driving History and Location

Arkansas’ car insurance rates rank 27th among all states. Compared to the national average of $1,424, the average cost of insurance in Arkansas is slightly lower. MoneyGeek breaks down car insurance rates in Arkansas based on age, coverage level, driving history and credit score.

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A 40-year-old driver in Arkansas with a clean record and good credit will shell out $1,189 per year on average or $99 per month for car insurance. You may get varying rates, however, based on your profile.

For example, a liability-only policy meeting the minimum state requirements for a 40-year-old only costs an average of $622 per year. In comparison, if a 16-year-old driver purchases a full coverage policy, it is priced at $3,121 annually on average.

MoneyGeek breaks down average car insurance rates using significant contributory factors to help you see how your rates can change.

Average Cost of Car Insurance in Arkansas: Summary

Several factors affect car insurance rates in Arkansas. The most significant factor affecting how much car insurance costs in Arkansas is age. Poor credit is the second.

You can click the driver profiles to see more information on the average cost of car insurance for each.

Average Costs of Car Insurance in Arkansas

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Why Are Car Insurance Rates Average in Arkansas?

The average cost of car insurance in Arkansas is moderately priced, as car insurance rates vary by state. A mix of factors puts Arkansas at 27th among all states for auto insurance costs.

Some contribute to increasing the rate, such as uninsured motorists in the state. Around 19% of Arkansas drivers don’t carry insurance, putting it eighth among states.

Around 56% of the people in Arkansas live in urban areas. It ranks 46th in the urban share of the population, tied with Montana. It also ranks 36th in highway traffic density. Both contribute to lower car insurance rates in Arkansas.

Factors unique to your area, such as traffic congestion and where you live in the state, may give you higher-than-average rates.

Average Cost of Car Insurance in Arkansas: Full Coverage vs. Minimum Coverage

The difference between car insurance rates in Arkansas varies depending on how much coverage you purchase. Your liability limits and whether you include collision and comprehensive insurance help determine how much car insurance costs in Arkansas.

A liability-only policy meeting Arkansas’ minimum state requirement costs around $622 per year. In comparison, if you choose to purchase a full coverage policy, the premium increases to an average of $1,189 per year. That’s a difference of $567.

Average Cost of Car Insurance in Arkansas by Coverage Level

Minimum vs. Full Coverage Car Insurance Costs in Arkansas - By Company

Car insurance rates in Arkansas may vary across different providers. If you don’t compare quotes from several carriers, you may end up purchasing a policy with a higher premium.

If you’re looking for cheap liability-only coverage, GEICO offers a policy for an average of $373 per year. Southern Farm Bureau is best for affordable full coverage car insurance — their policy costs $843 yearly on average.

USAA offers lower rates, but their policies are only available to present and former military members and their families.

MetLife offers the most expensive options for both coverages. Liability-only coverage with state minimum requirements costs an average of $1,039 per year, while you pay roughly $1,918 annually for full coverage car insurance.

Average Annual Costs of Car Insurance in Arkansas - By Company

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How Much Is Car Insurance in Arkansas by Age

The primary factor affecting how much car insurance costs in Arkansas is age. A 40-year-old driver pays an average of $1,189 per year for car insurance. In comparison, a policy with similar coverage for a 16-year-old costs $3,121 annually on average. It’s a difference of $1,932.

If you want to save on premiums, you can consider adding a young driver to their parents’ policy instead of getting them a separate plan. First-time drivers may notice that car insurance rates in Arkansas for their profiles are similar to those for teen drivers. It’s because providers also consider driving experience when setting premiums.

Average Costs of Full Coverage Car Insurance in Arkansas - By Age

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  • Age
    Annual Premium
  • $3,121
  • $3,014
  • $2,683
  • $2,691
  • $2,304
  • $1,736
  • $1,609
  • $1,454
  • $1,339
  • $1,212
  • $1,090
  • 40
    $1,189
  • $1,008

How Does Driving History Affect Car Insurance Costs in Arkansas?

In addition to age and experience, providers also look at driving history when setting car insurance rates in Arkansas. The more severe your violation, the more expensive car insurance in Arkansas becomes.

High-risk drivers — those with bad driving records — typically pay higher premiums than safe drivers. For example, a driver with a clean driving record pays $1,189 per year on average. If you have a speeding ticket, you spend around $409 more — your premium increases to about $1,598 annually.

Average Costs of Full Coverage Car Insurance in Arkansas - By Driving History

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  • Driving Violation
    Annual Premium
  • Safe Driver
    $1,189
  • Speeding Ticket
    $1,598
  • At-Fault Accident
    $1,876
  • DUI
    $2,133

Credit Scores and the Cost of Car Insurance in Arkansas

After age, your credit score is the factor impacting car insurance rates in Arkansas the most. Typically drivers with bad credit pay more each year compared to those who have good credit scores.

If you have poor credit standing, car insurance rates in Arkansas reach $2,144 per year on average. It’s $983 more than the premium a driver with good credit pays — their policy costs an average of $1,161.

Drivers with excellent credit can get even lower rates. They spend around $203 less than drivers with good credit, with an average annual premium of $958.

Average Costs of Full Coverage Car Insurance in Arkansas - By Credit Score

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  • Credit Score
    Annual Premium
  • Excellent
    $958
  • Good
    $1,161
  • Fair
    $1,488
  • Below Fair
    $1,799
  • Poor
    $2,144

How Much Is Car Insurance in Your City?

MoneyGeek’s analysis on Arkansas’ car insurance rates uses data from Little Rock. Car insurance premiums vary between states, but they may be different within one as well. If your premium is higher than the average cost of car insurance in Arkansas, it may be due to factors unique to your location. These include road accidents, a city’s population or exposure to extreme weather conditions or natural disasters.

Average Costs of Full Coverage Car Insurance in Arkansas - By City

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Frequently Asked Questions About Arkansas Car Insurance Rates

If you’re reading up on whether car insurance is expensive in Arkansas, these may answer questions you have.

Methodology

Unless altered by factors mentioned above like age, coverage levels, driving history and credit score, all policies MoneyGeek used in this analysis were for full coverage insurance as described in our methodology page for a 40-year-old driver with no violations. We gathered insurance quotes across Arkansas in collaboration with Quadrant Information Services.

MoneyGeek used the following sources in this study:

  • The Federal Highway Administration’s 2019 data to calculate highway traffic density
  • The Insurance Research Council’s 2019 data to draw information on uninsured motorists
  • The U.S. Census Bureau’s latest data to compute the urban share of the population
  • The FBI’s Crime in the United States 2019 Report to get data on motor vehicle theft rate

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.


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