The cost of auto insurance depends on personalized factors, such as the driver’s age, location, credit score and driving history. To help you find the best car insurance in Arkansas for your needs, MoneyGeek ranked the top insurers based on affordability, claims experience and customer support, among other factors. Getting multiple personalized quotes can help you find the most affordable rates on the coverage you need. MoneyGeek's ratings highlight a potential savings of $1,255 when comparing car insurance premiums from the best companies in Arkansas.
The Best Cheap Arkansas Car Insurance Quotes for 2021
The Cheapest and Best Car Insurance in Arkansas
Cheapest Minimum Liability Car Insurance Companies and Quotes in Arkansas
Arkansas drivers pay different rates for car insurance based on various factors. The cheapest car insurance option is a liability-only policy that meets the state’s car insurance coverage minimums.
The most affordable providers of minimum liability-only car insurance coverage in Arkansas are:
- USAA: $304 per year (exclusively available for current and former military members)
- GEICO: $373 per year
MetLife charges the highest premiums for minimum liability coverage in the state, at an average cost of $1,039 per year.
Average Cost for Minimun Liability Coverage
The above figures are approximate car insurance costs for the average driver in Arkansas. By comparing car insurance quotes from various insurers, you can find the best rates for your coverage.
These prices are only estimates based on rates for an average Arkansas driver and should not be used to compare insurance prices.
In Arkansas, the minimum liability coverage protects drivers from bodily injury and property damage liability costs. The policy excludes personal medical expenses and vehicle damage costs. Drivers who wish to have these included in their plan will need to purchase a full coverage policy.
Cheapest Full Coverage Car Insurance in Arkansas
A full coverage policy in Arkansas features higher limits, as well as comprehensive and collision coverage that protects drivers from road accidents and off-road incidents.
Although a full coverage policy costs more in Arkansas, the policy comes with protection for your car in case you get involved in an accident. Comparing car insurance quotes from multiple carriers can help you secure the lowest rates.
The most affordable full coverage insurance providers in Arkansas are:
- USAA: $663 per year (only available for military members, veterans and their families)
- Southern Farm Bureau: $843 per year
MetLife has the highest full coverage insurance rates in Arkansas, charging an average premium of $1,918 per year.
Average Comprehensive and Collision Rates in Arkansas
These prices are for comprehensive and collision insurance coverage for a policy with $100,000 bodily injury liability per person, $300,000 bodily injury coverage per accident and $100,000 property damage coverage per person. Be sure to compare quotes across multiple carriers if you wish to secure the cheapest coverage.
The Best Car Insurance Companies in Arkansas for 2021
Considering pricing, features, customer satisfaction and more, the best auto insurers in Arkansas for most drivers are:
- Best Overall: Auto-Owners
- Runner-up: GEICO
USAA received the highest score in Arkansas 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.
MoneyGeek determined the best car insurance companies using a unique rating system that includes affordability, claims experience, customer satisfaction and financial strength.
To calculate the score, MoneyGeek combined results from J.D. Power’s U.S. Auto Insurance Study, AM Best’s financial strength ratings and the industry standards for company ratings. Each criterion was weighted equally to get the final score out of 100.
USAA has outstanding coverage across the country due to its exceptional affordability, financial stability and customer satisfaction. However, it is only available for Arkansas drivers who are former or current military members and their families.
USAA is a consistent provider of the most affordable insurance in the country. It is also the cheapest car insurance provider in Arkansas. Drivers whose parents have a USAA policy qualify for a discount on their premium. Active military members who park their cars on base also receive discounts.Read MoneyGeek's USAA auto Insurance Review
Auto-Owners also balances strong customer satisfaction, affordability and claims processing capability. Policyholders qualify for 24/7 roadside service if they get stranded because of a flat tire or dead battery.
Auto-Owners is the second-best insurer in Arkansas, providing customers with a waiver on the collision deductible if they are involved in an accident with a fellow Auto-Owners policyholder. The insurer provides additional car insurance plans that cover incidents like identity theft, replacing cell phones and rekeying locks.Read MoneyGeek's Auto-Owners Insurance Co auto Insurance Review
While USAA scores highly in many areas, this provider is only available to military members, veterans and their families.
List of the Largest Insurance Companies in Arkansas
A company’s market share is derived by dividing the number of that company’s written insurance premiums by the total number of premiums written in the state.
State Farm, Southern Farm Bureau and Shelter are the top companies in Arkansas, according to market share. State Farm leads with 24.6%, followed by Southern Farm Bureau with 13.2% and Shelter with 8.7%.
Insurance companies with a higher market share often feature better financial stability than smaller competitors. Such companies are more likely to process customer claims, although that does not mean that they are the best option for all drivers.
- CompanyMarket Share
How to Compare Cheap Arkansas Car Insurance Quotes Online
Most Arkansas auto insurers offer online quotes to help consumers shop for car insurance packages. Here are a few tips to help you find online quotes.
- Reviewing quotes from different insurers can help you secure the lowest rates within Arkansas. Specifying the same coverage limits across all companies facilitates a successful comparison. For instance, if you are looking for comprehensive and collision insurance with a $500 deductible, specify this as your ideal limit on all quotes to ensure an apples-to-apples comparison.
- You can perform a quick comparison by providing your ZIP code below. Alternatively, use MoneyGeek’s data to identify the best providers in Arkansas and visit their websites to obtain personalized quotes.
- For most drivers, the cheapest car insurance companies in Arkansas for a minimum liability policy are USAA, GEICO and Southern Farm Bureau.
What Is the Average Cost of Car Insurance in Arkansas?
There are many factors affecting the annual premiums of auto insurance in Arkansas. MoneyGeek calculated the typical cost for comprehensive and collision insurance for the average driver, defined as a 40-year-old male driving a Toyota Camry with a clean driving record. Your annual premium may be higher or lower than the average depending on your age, credit score, driving history, coverage level and location.
- Average Driver: $1,189
- DUI: $2,133
- Speeding Ticket: $1,598
- Poor Credit Score: $2,150
- Seniors: $1,236
- Students: $2,948
Cheapest Car Insurance for Drivers With a DUI in Arkansas
If you have a history of violations, such as a DUI, insurance providers will charge you more since a DUI is considered a high-risk violation in Arkansas. On average, drivers with a DUI violation pay $2,133 per year. Meanwhile, drivers with clean records pay only $1,189.
The cheapest full coverage insurers in Arkansas for drivers with a DUI are:
- Southern Farm Bureau: $1,010 per year
- State Farm: $1,104 per year
While USAA is often the cheapest option for many different types of Arkansas drivers, they rank third for DUI coverage.
Average Car Insurance Rates With a DUI
Driving under the influence of alcohol can be both dangerous and costly. According to data from the Centers for Disease Control and Prevention, 1,475 people were killed in vehicle crashes involving a drunk driver from 2009–2018 in Arkansas. In the state, 1.4% of adults reported driving after drinking too much within the 30 days prior to being surveyed.
There are wide-ranging financial consequences of getting a DUI, including legal and court fees, alcohol education treatment programs and increased car insurance rates. If you have a DUI, shopping around for car insurance and comparing quotes could help you save significantly on coverage costs.
The costs of a DUI can quickly add up over the years. You could pay as much as $40,000 over the course of 13 years in increased car insurance premiums. With a DUI, it's likely that you'll pay higher premiums for up to a decade. Maintaining a clean driving record following a DUI and regularly comparing quotes can help you keep costs down.
Cheapest Car Insurance for Drivers With Tickets in Arkansas
Arkansas drivers with a history of minor violations like speeding tickets pay higher rates than drivers with a clean record. The average cost of car insurance for such drivers is $1,598 per year, while residents with a clean driving history pay $1,189.
The cheapest providers of full coverage insurance for drivers with speeding tickets in Arkansas are:
- USAA: $780 per year (only available for military members, veterans and their families)
- GEICO: $866 per year
On average, USAA provides the lowest rates for drivers with a clean record and those with speeding tickets. Southern Farm Bureau is the second-cheapest choice for drivers without violations, but GEICO offers better rates for drivers with speeding tickets.
Average Car Insurance Rates With a Ticket
Because distracting driving can be dangerous, a speeding or distracted driving ticket can have an impact on your car insurance rates. According to information from the National Highway Traffic Safety Administration (NHTSA), 472 crashes in Arkansas were caused by distracted driving in 2018. Arkansas state law prohibits texting while driving, so getting a ticket may increase your auto insurance rates. If you've recently received a ticket, compare car insurance companies to find the best rates.
Your car insurance premium will likely increase if you get a speeding or distracted driving ticket. According to the Insurance Information Association, your driving record is taken into account when you secure your auto policy, so being riskier to insure means paying higher premiums. Your insurer can also re-evaluate your rate if you get a moving violation (i.e., a speeding ticket).
Cheapest Car Insurance Companies in Arkansas for Drivers With Bad Credit
Arkansas drivers with poor credit scores pay more for car insurance than those with good scores. On average, those with bad credit pay $2,150 per year, almost double the rate of an average driver.
The cheapest insurance company for drivers with bad credit scores in Arkansas are:
- USAA: $1,073 per year (only available for military members, veterans and their families)
- GEICO: $1,356 per year
Southern Farm Bureau, which ranks second for affordability for an average driver, slips to third place for drivers with poor credit.
Average Car Insurance Rates for Drivers With Bad Credit
A driver's credit score is one factor that most insurers use to set rates. According to Experian, the average FICO credit score in Arkansas is lower than the national average. The average credit score in Arkansas in 2019 was 683, while the national average was 703. If you have a low credit score (typically bellow below 670), shopping around may help you secure more affordable car insurance in Arkansas.
While it can take a while to improve your credit score, doing so could help lower your car insurance costs and improve your finances overall. As you work to increase your credit score, get regular car insurance quotes to find lower prices on premiums.
Cheapest Car Insurance in Arkansas for Seniors
Arkansas seniors pay more for car insurance than middle-aged drivers and young adults. The average annual cost for senior drivers is $1,236, which is slightly higher than the rate paid by the average driver.
The most affordable full coverage car insurance providers for seniors in Arkansas are:
- USAA: $718 per year (only available for military members, veterans and their families)
- Southern Farm Bureau: $752 per year
The most expensive option in this category is MetLife again, as this company charges an average of $1,764 per year for a senior driver in Arkansas.
Average Car Insurance Rates for Seniors
Some insurance companies increase rates as drivers age. According to data from the National Highway Traffic Safety Administration, 116 people 65 years and older were killed in traffic crashes in Arkansas in 2017. In that year, seniors made up 16.8% of all vehicle fatalities.
Asking for discounts can help you save money on your car insurance. Senior drivers can look for discounts for driving infrequently, completing driver safety programs and for choosing a car with strong safety features.
In Arkansas, all motorists are required to renew their driver’s licenses in person and pass a vision test every four years. There are no additional requirements for senior drivers. However, insurance rates may still increase with age. Comparing quotes regularly can help you ensure you're still getting the best deal each year.
Cheapest Car Insurance for Students in Arkansas
Auto insurance companies in Arkansas regard student drivers as high-risk due to their lack of experience. Therefore, students typically pay much more than the average driver. The average cost of full coverage insurance for students in Arkansas is $2,948 per year, almost three times the amount paid for similar coverage by a 40-year-old.
The most inexpensive full coverage in Arkansas for students is offered by:
- Allstate: $2,518 per year
- State Farm: $2,998 per year
Progressive isn’t far behind State Farm, as its average rate for an Arkansas student driver is $3,061 per year.
Average Car Insurance Rates for Students
If you have a teen driver, he or she will have to carry at least the same mandatory level of insurance required of other Arkansas drivers: Liability coverage: $25,000 for bodily injury or death of one person in any one accident; $50,000 for bodily injury or death of two or more persons in any one accident and $25,000 for damage to or destruction of the property of others. You can expect your premium costs to go up, but talk with your insurance agent about discounts. Teens and students can keep premium costs low by driving a midsize sedan rather than a sports car or SUV. Students can also look for good student discounts, take a defensive driving course and avoiding crashes and DUIs to keep insurance costs down.
You may also help keep the premium down by raising your deductible. If you're attending school outside your home state of Arkansas, you have to make sure your car insurance matches the requirements for your new state. Out-of-state students attending an Arkansas college are not required to obtain an Arkansas driver's license if they already have a valid license, but they have to meet the state’s basic requirements for auto insurance.
Always notify the insurance company if your car will be used in another state for more than 30 days. Also, don't let your friends borrow your car. In Arkansas, the owner of the vehicle is liable for any damages in an accident where the driver is at fault.
The above table illustrates an estimation of what parents in Arkansas can expect to pay for their teen or college-aged student drivers.
Insurance Rate Information for Military Drivers and Veterans
Whether you're a veteran or one of 3,000+ active duty military personnel enlisted in the state, discounts on auto insurance are available in Arkansas. For military personnel who live in Arkansas but are stationed elsewhere, car registration and insurance requirements are the same as for a state resident, regardless of where you are stationed. Military personnel based in Arkansas must carry at least the minimum auto coverage like everyone else, although they are exempt from personal property taxes.
It's a good idea to get quotes from at least three insurance carriers for an adequate price comparison. Discounts for veterans and enlisted military will likely require a clean driving record.
Average Rates for Arkansas service members
Car Insurance in Arkansas: What You Need to Know
Arkansas law requires you to carry liability coverage for all the vehicles you drive. You'll need to provide proof of coverage to register a vehicle.
Proof of Insurance in Arkansas
Arkansas requires motorists to provide proof of insurance if requested by:
- The Arkansas Department of Finance and Administration: The Department of Finance and Administration does frequent checks of all registered vehicles and uses an electronic database to verify car insurance.
- A police officer: You can carry a copy of your insurance card in the glove compartment or on your cell phone.
Minimum Liability Insurance Requirements in Arkansas
It is unlawful for any person to operate a motor vehicle in Arkansas unless the vehicle is insured with the minimum amount of liability coverage:
- $25,000 for bodily injury or death of one person in any one accident
- $50,000 for bodily injury or death of two or more persons in any one accident
- $25,000 for damage to or destruction of the property of others
Arkansas requires insurance companies to offer a discount to college graduates and people older than 55 who have completed a state-approved defensive driving class.
High-Risk Auto Insurance Program in Arkansas
Every driver must have vehicle insurance in Arkansas. But if you can't buy a standard policy from an insurance company, you can still get coverage through the Arkansas Automobile Assigned Risk Plan.
How Much Coverage Do You Need in Arkansas?
When shopping for car insurance in Arkansas, consider the vehicle’s value as well as your financial circumstances. According to the Insurance Information Institute, consumer groups recommend that you get liability insurance of at least $100,000 per injury and $300,000 per accident. Additionally, uninsured motorist coverage will help protect you in case you're hit by a driver without insurance, while collision and comprehensive insurance will pay to repair or replace your vehicle after an accident or natural disaster.
Average Insurance Rate by City in Arkansas
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Expert Advice on Finding Cheap Car Insurance in Arkansas
- What are the key factors in Arkansas should look for when searching for the best auto insurance coverage?
- What steps can drivers in Arkansas take to find affordable car insurance?
Assistant Professor of Finance, Walton College of Business at the University of Arkansas
Associate Professor at the University of Arkansas System Division of Agriculture Cooperative Extension Service
About the Author
- Arkansas Insurance Department. "Automobile Insurance." Accessed March 10, 2020.
- Centers for Disease Control. "Sobering Facts: Alcohol-Impaired Driving State Fact Sheets." Accessed December 16, 2020.
- Centers for Disease Control and Prevention. "Motor Vehicle Safety." Accessed March 10, 2020.
- Experian. "2019 Consumer Credit Review." Accessed March 9, 2020.
- Insurance Information Institute. "Auto Rate Setting." Accessed March 9, 2020.
- National Association of Insurance Commissioners. "Market Share Reports for Property/Casualty Groups and Companies." Accessed March 9, 2020.
- National Highway Traffic Safety Administration (NHTSA). "2018 Fatality Analysis Reporting System (FARS)." Accessed March 9, 2020.