How Much Is Car Insurance in Arkansas? (September 2024)

The average annual cost for full coverage car insurance in Arkansas is $1,320, while minimum coverage costs around $512 annually. Factors affecting your premium include age, coverage level, location, driving record and credit history.

Arkansas drivers pay an average of $1,320 annually for full coverage car insurance, which is roughly $110 monthly. Knowing the average costs helps you evaluate if you're getting a fair quote. For more insight into what you should be paying, look at comparing car insurance quotes.

To help you budget effectively, here's what you might pay for auto insurance in Arkansas, from minimum to full coverage.

Car insurance in Arkansas is generally more affordable than the national average. The average annual premium for minimum coverage is $512, lower than the national average of $615. For full coverage with a $1,000 deductible, Arkansans pay an average of $1,320 annually, cheaper than the national average of $1,330.

Arkansas' lower costs are mainly due to its rural nature, leading to fewer accidents, car thefts and claims, as well as lower health care costs.

Car insurance premiums can differ significantly from one company to another, even within the same state. In Arkansas, Southern Farm Bureau offers the cheapest full coverage at around $857 annually. Dairyland has the most expensive average premium, costing $2,485 annually.

Compare quotes from different providers to find the most affordable coverage for your needs and maximize your savings.

Car insurance costs in Arkansas depend on factors like driver age, vehicle type, driving history and coverage level. Minimum coverage typically costs about $43 per month, while full coverage with a $1,000 deductible averages $110 monthly. Although full coverage is more expensive, it's usually recommended for better protection.

Adding comprehensive and collision coverage will raise your premium, but you can manage costs by choosing higher deductibles. A $1,000 deductible, for instance, can make your premium more affordable. Remember, the deductible applies separately to each comprehensive and collision claim.

In Arkansas, the minimum car insurance requirements include $25,000 for bodily injury liability per person, $50,000 for bodily injury liability per accident and $25,000 for property damage liability per accident. Uninsured/underinsured motorist and personal injury protection coverages are not mandatory.

In Arkansas, age significantly affects car insurance costs. Drivers aged 22 to 29 pay the highest premiums, averaging $1,601 annually.

Premiums generally decrease as drivers age. Drivers aged 30 to 59 pay around $1,320 annually, while seniors aged 60 and above enjoy lower rates, averaging $1,195 per year.

Age and gender significantly impact car insurance rates in Arkansas. A 16-year-old male added to a family policy pays an average of $2,494 per year — the highest premiums among all age groups.

Teen drivers under 18 typically need a parent or guardian to sign for car insurance. If a 16-year-old male gets an individual policy, the annual premium rises to $5,616.

The average annual cost of full coverage car insurance for a 2012 model is $947, much less than the $1,243 cost for a 2022 model. This higher premium for newer cars is due to their greater cash value, higher repair costs and increased theft risk.

Drivers with newer cars should consider adding comprehensive and collision coverage for better protection against various types of damage or loss. This extra coverage helps protect your investment in a newer, more valuable vehicle.

Your driving record affects your insurance rates in Arkansas:

• With a ticket: $1,660 per year; $138 per month
• With an at-fault accident: $1,937 per year; $161 per month
• With a DUI: $1,836 per year; $153 per month

Violations impact your premiums as long as they're on your record. In Arkansas, a DUI affects costs for up to five years, with additional fines and fees.

Explore the table below for average state minimum or full coverage costs by coverage and age group based on driving history.

In Arkansas, the average annual cost of car insurance varies with your credit score, ranging from $621 for excellent credit to $1,398 for poor credit.

Your credit score is a significant factor in determining your car insurance rates, as insurers consider it when assessing the risk of providing you with coverage. A good credit score typically ranges from 670 to 739. Drivers with higher scores often enjoy more affordable premiums.

To find the most affordable car insurance rates in Arkansas, explore the factors that affect insurance costs:

• Driving record: A clean driving record can lower car insurance rates, while tickets and accidents typically increase premiums.
• Age and gender: Younger drivers, especially males, may face higher rates due to perceived risk, whereas mature drivers enjoy more favorable pricing.
• Location: Urban areas with higher traffic density can attract higher premiums due to the increased likelihood of accidents and theft.
• Vehicle type: Car insurance cost is partly determined by your car's make and model, including its safety features and repair or replacement costs.
• Coverage type: Opting for collision insurance or comprehensive insurance will affect your rate differently than choosing minimum coverage.
• Credit score: Generally, a higher credit score can lead to lower insurance costs, as insurers consider credit an indicator of reliability.
• Insurance history: Gaps in insurance coverage or claims history can increase car insurance rates.
• Discount eligibility: Discounts for multiple vehicles, defensive driving courses or bundling policies can substantially lower the insurance cost.
• Deductible amount: Choosing a higher deductible often results in a lower premium. However, you might pay more out of pocket in the event of a claim; ensure you can afford your chosen deductible.

To secure affordable car insurance in Arkansas, compare quotes from multiple insurers, opt for a higher deductible and take advantage of all available discounts.

Get answers about what impacts the average car insurance cost in Arkansas and how to find affordable rates.