Drivers in Little Rock spend an average of $1,189 on auto insurance per year, the same as the state average. The cheapest widely available insurer, Southern Farm Bureau, has an average rate of $843. MoneyGeek studied rates across coverage levels and driving history. For those focused on quality and cost, MoneyGeek recommended the best auto insurers in the city.
Compare the Cheapest Car Insurance Quotes in Little Rock, AR
The Cheapest and Best Car Insurance in Little Rock
The Cheapest Car Insurance Companies in Little Rock
MoneyGeek found that the cheapest companies for full coverage in Little Rock are:
- USAA: $663 annually (only available to current and former military members)
- Southern Farm Bureau: $843 annually
Shopping around and comparing quotes from various insurance companies can help you find cheap car insurance in Little Rock. In terms of affordability, USAA has the cheapest average annual premium of $663. However, only military members, veterans and their families qualify for USAA policies. The second most affordable choice is Southern Farm Bureau, with an average annual premium of $843. It is about $346 less than the city average.
Following USAA and Southern Farm Bureau on the top five most affordable car insurance companies in Little Rock are GEICO, Farmers and State Farm. The most expensive company in the city is MetLife. The average annual premium for a MetLife policy is $1,918, which is about $729 more than the city average and more than twice the cost of a Southern Farm Bureau policy.
The prices used in this study are for a 40-year-old male driver with a full coverage policy, which includes liability insurance and comprehensive and collision insurance.
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Average Cost of Car Insurance in Little Rock
Annual premiums for car insurance can differ by hundreds or thousands of dollars. Knowing the average car insurance rate in Little Rock can help you weigh your options well and find the right carrier for your budget. The average cost of an auto insurance policy in the city is $1,189, similar to the state average annual premium. In comparison, Little Rock’s rates are lower than the national average. Little Rock drivers pay about 16.5% less than the $1,424 average rate in the country.
The Best Car Insurance Companies in Little Rock
For those who value affordability and quality service, MoneyGeek ranked the best auto insurance carriers in Little Rock. The study found that the best options in the city for most drivers are:
- Auto-Owners Insurance Co: MoneyGeek score of 98 out of 100
- GEICO: MoneyGeek score of 93 out of 100
USAA received the highest score in Little Rock by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
The final scores were calculated based on MoneyGeek’s scoring system. It includes J.D. Power user satisfaction, affordability and financial stability.
Personalized Quotes to Get You the Cheapest Car Insurance in Little Rock
Car insurance quotes in Little Rock also vary depending on individualized factors. Insurance providers evaluate the risks associated with a specific driver. These can be determined by your age, gender, driving history and experience, ZIP code, credit history and vehicle. For instance, in Little Rock, teen drivers tend to get higher premiums compared to middle-aged drivers.
A Southern Farm Bureau policy for a 40-year-old male averages around $843. An 18-year-old male could pay more than twice that amount — on average, $1,775 per year. Your circumstances may change as time goes by. Regularly getting personalized quotes can help you find the right provider with the best rate. Doing so can also help you see if you qualify for certain discounts, rebates or savings.
Shopping around for car insurance in Little Rock could save you $346, which is enough to buy:
Cheapest Car Insurance in Little Rock by Coverage Amount
The cost of auto insurance in Little Rock and elsewhere is based on different factors, such as how much coverage you choose. On average, a basic policy only meeting the state minimums costs $622 in Little Rock. On the other hand, a full coverage policy typically costs $1,189. That is $567 more expensive.
Arkansas Minimum Liability Requirements
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
Each type of insurance policy reflects the limits and levels of coverage. For basic protection, a minimum liability coverage plan will typically do. Among the car insurance companies in Little Rock, USAA offers the cheapest average annual premium of $304 for minimum liability coverage. Southern Farm Bureau comes in second with an average cost of $394 per year.
If you think this coverage is not enough, you can choose either a 50/100/50 liability-only or full-coverage policy. Compare the costs. If the difference is small, then it may be better to go for full coverage. For instance, Travelers’ liability-only policy costs $959 annually on average. Its full-coverage plan is about $285 higher, which means you pay an average of $1,243 per year.
You can also get a comprehensive policy that provides more protection for you and your vehicle. Insurance providers in the city offer 100/300/100 full coverage. Average rates for this coverage in the city level range from $663 to $1,918.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- 2.Southern Farm Bureau$394$455
- Company50 / 100 / 50per year100 / 300 / 100per year
- 2.Southern Farm Bureau$783$843
Cheapest Car Insurance in Little Rock if You Have Driving Violations
One way of maintaining cheap car insurance in Little Rock is by keeping a clean driving record. Having moving violations like speeding tickets, DUIs and at-fault accidents could lead to higher premiums. For example, if you have no citations in your record, you can get a MetLife policy for an average premium of $1,918 per year. However, a speeding ticket could increase that rate to an average of $3,227 per year. An at-fault accident could make it rise to an average of $3,517 with the same carrier. If you have a DUI and a MetLife policy, the cost could increase to an average of $5,082, which is almost three times the amount of a policy for a driver with a clean record.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 2.Southern Farm Bureau$914$1,075$1,010
Average Cost of Car Insurance by Postal Code
Your place of residency in also has an impact on your auto insurance premium. Each ZIP code has a different average car insurance rate in Little Rock. Drivers with ZIP code 72206 pay an average annual premium of $1,182. Meanwhile, neighborhoods in the ZIP code 72204 have higher average premiums per year for car insurance. Drivers in this area may pay $17 more on average a year on car insurance than those living in the 72206 ZIP code. Although auto insurance rates may differ among ZIP codes, these rates in Little Rock are minimal — ranging from $4 to $17 on average per year.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Little Rock
In addition to individual driver needs and history, location-specific factors like the rate of fatal accidents and the percentage of uninsured motorists also contribute to car insurance rates in Little Rock. How Little Rock ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Little Rock are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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