Cheapest Car Insurance in Arkansas (June 2024)


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Updated: June 14, 2024

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In Arkansas, Southern Farm Bureau offers the cheapest car insurance for drivers looking for minimum coverage, as well as many driver types. Depending on the driver, Nationwide, Travelers or USAA could be more affordable.

If you’re looking to balance cost and service quality, we also ranked the best car insurance in Arkansas.

Why Trust MoneyGeek? Our team gathered the most recent data from the Arkansas Insurance Department and Quadrant Information Services to find Arkansas’ cheapest car insurance policies for various driver profiles.

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These rates reflect the cheapest car insurance quotes in Arkansas as of June 2024.

18,932Quotes Analyzed
 
18Companies Compared
 
23ZIP Codes

Cheapest Minimum Liability Car Insurance in Arkansas (June 2024)

On average, MoneyGeek’s research shows Arkansas’ cheapest auto insurance companies for minimum coverage policies are:

  • Southern Farm Bureau: $288 per year
  • State Farm: $322 per year

Dairyland offers the most expensive minimum coverage car insurance in Arkansas, costing approximately $1,017 per year. Minimum coverage car insurance in Arkansas covers bodily injury liability and property damage liability.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Minimum Coverage
Southern Farm BureauAnnual Premium$288Monthly Premium$24
State FarmAnnual Premium$322Monthly Premium$27
ProgressiveAnnual Premium$346Monthly Premium$29
NationwideAnnual Premium$375Monthly Premium$31
Auto-Owners Insurance CoAnnual Premium$387Monthly Premium$32
ShelterAnnual Premium$453Monthly Premium$38
TravelersAnnual Premium$453Monthly Premium$38
FarmersAnnual Premium$463Monthly Premium$39

A minimum coverage car insurance policy will only pay for damages you cause other people. It won’t reimburse your repair or replacement costs for your own car. Comprehensive and collision insurance, also known as full coverage, provides broader protection and extends coverage to your vehicle.

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Find the Best Car Insurance in Arkansas for You

 

Your preferences and insurance requirements impact your car insurance rates. The table above lists the most affordable auto insurance premiums for minimum coverage in Arkansas.

Learn more about how much car insurance you need.

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MoneyGeek analyzed the best car insurance providers in Arkansas based on affordability and service quality.

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We evaluated the average price of auto insurance in Arkansas for various driver profiles to help you understand how specific factors affect premium prices.

Cheapest Full Coverage Car Insurance in Arkansas (June 2024)

MoneyGeek’s research indicates that these providers have Arkansas’ cheapest full coverage car insurance:

  • Southern Farm Bureau: $771 per year
  • Nationwide: $847 per year

Dairyland’s full coverage policy is the most expensive in Arkansas at approximately $2,485 per year.

Your auto insurance premiums will increase if you purchase comprehensive and collision coverage. With Southern Farm Bureau, you’ll pay $483 more for full coverage than minimum coverage. Despite its higher cost, a full coverage policy provides more protection for on and off-road incidents.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Southern Farm BureauAnnual Premium$771Monthly Premium$64
NationwideAnnual Premium$847Monthly Premium$71
State FarmAnnual Premium$939Monthly Premium$78
TravelersAnnual Premium$952Monthly Premium$79
Auto-Owners Insurance CoAnnual Premium$975Monthly Premium$81
ShelterAnnual Premium$1,034Monthly Premium$86
FarmersAnnual Premium$1,061Monthly Premium$88
GEICOAnnual Premium$1,139Monthly Premium$95

The amount of car insurance you need impacts your premiums. Our sample full coverage policy features the following liability limits:

  • $100,000 in bodily injury liability per person
  • $300,000 in bodily injury liability per accident
  • $100,000 in property damage liability per accident

If you want to save on your car insurance costs, you can get lower liability limits, remove comprehensive and collision coverage or increase your deductible. However, these strategies may leave you with inadequate coverage.

How to Compare Cheap Arkansas Car Insurance Quotes Online

You can get quotes online from most auto insurance companies. However, it can take you roughly 15 minutes to get an estimate from each company. Consequently, comparing rates can take a lot of time as it requires you to go through the same process multiple times.

With MoneyGeek’s car insurance calculator, you can estimate your car insurance costs quickly without having to obtain quotes from several providers. You can use it as a starting point to find the cheapest auto insurance for your profile.

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Rates updated:

Jul 12, 2024

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Cheapest Car Insurance in Arkansas by Age (June 2024)

Your age is a key factor that determines how much you pay for car insurance in Arkansas. On average, Nationwide and Southern Farm Bureau have the lowest prices for various age groups and family members.

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CHEAPEST CAR INSURANCE COMPANIES BY AGE

Cheapest for teens: Nationwide
Cheapest for young adults: Southern Farm Bureau
Cheapest for seniors: Southern Farm Bureau

Cheapest Car Insurance in Arkansas for Teens and Their Families (June 2024)

MoneyGeek’s analysis shows that the following companies offer the cheapest car insurance in Arkansas on average for teens on their parent’s policy:

  • Nationwide: $1,569 per year for female teens; Allstate: $1,689 per year for male teens
  • Allstate: $1,576 per year for female teens; Nationwide: $1,771 per year for male teens

Conversely, Auto-Owners has the priciest car insurance for young drivers. Its policies cost approximately $3,051 for male teens and $3,004 for female teens. These rates reflect inclusion in their parent’s policy.

Wherever you are in the U.S., teens' car insurance rates decrease as they become older. Among this age group, 19-year-olds have the cheapest rates. In Arkansas, the provider with the most affordable rates for 19-year-old males is Allstate ($1,425 per year).

Car insurance for teenagers is typically cheaper if they’re included on a parent's policy compared with buying their own policy. A 16-year-old male teen in Arkansas pays up to $2,988 less if they are included on their parent’s policy as opposed to getting their own coverage.

Data filtered by:Results filtered by:
Gender:
Gender:Female
Age:
Age:16
NationwideFamily Plan Annual Premium$1,569Individual Plan Annual Premium$3,203
AllstateFamily Plan Annual Premium$1,576Individual Plan Annual Premium$5,933
State FarmFamily Plan Annual Premium$1,659Individual Plan Annual Premium$2,279
TravelersFamily Plan Annual Premium$2,045Individual Plan Annual Premium$3,381
GEICOFamily Plan Annual Premium$2,255Individual Plan Annual Premium$5,790
ProgressiveFamily Plan Annual Premium$2,625Individual Plan Annual Premium$7,888
FarmersFamily Plan Annual Premium$2,633Individual Plan Annual Premium$6,675
Auto-Owners Insurance CoFamily Plan Annual Premium$3,004Individual Plan Annual Premium$2,798
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MONEYGEEK EXPERT TIP

On average, car insurance rates for male teens tend to be significantly more expensive than for female teens. This rate difference is not as notable when drivers reach their 20s and beyond.

If your family is insuring a teen, check if you qualify for discounts that may help lower your premium prices. Farmers, Progressive, State Farm, Travelers, Auto-Owners and Allstate all offer good student and distant student discounts, whereas GEICO and Nationwide just offer good student discounts.

Cheapest Car Insurance in Arkansas for Young Adults (June 2024)

On average, MoneyGeek’s research shows that the most affordable car insurance companies in Arkansas for drivers in their 20s are:

  • Southern Farm Bureau: $943 per year
  • Nationwide: $1,062 per year

Dairyland has the most expensive rates for the state’s young adults, with an average rate of $3,519 per year.

Generally, drivers in their 20s pay higher rates than their middle-aged counterparts. In Arkansas, the cheapest full coverage car insurance for young adults costs $263 more annually than for middle-aged drivers.

Data filtered by:Results filtered by:
Age Range:
Age Range:22-29
Coverage Level:
Coverage Level:Full Coverage
Southern Farm BureauAnnual Premium$943Monthly Premium$79
NationwideAnnual Premium$1,062Monthly Premium$89
HanoverAnnual Premium$1,093Monthly Premium$91
TravelersAnnual Premium$1,112Monthly Premium$93
State FarmAnnual Premium$1,192Monthly Premium$99
FarmersAnnual Premium$1,259Monthly Premium$105
AllstateAnnual Premium$1,259Monthly Premium$105
GEICOAnnual Premium$1,326Monthly Premium$111

Cheapest Car Insurance in Arkansas for Seniors (June 2024)

MoneyGeek’s research shows that these providers have the cheapest average car insurance in Arkansas for senior drivers:

  • Southern Farm Bureau: $701 per year
  • Nationwide: $785 per year

Dairyland has the most expensive rates for older adults in Arkansas, at approximately $2,617 per year.

On average, senior drivers in Arkansas pay $118 less for car insurance compared with middle-aged drivers. However, rates usually increase once drivers reach their 70s and 80s.

Data filtered by:Results filtered by:
Age Range:
Age Range:60 +
Coverage Level:
Coverage Level:Full Coverage
Southern Farm BureauAnnual Premium$701Monthly Premium$58
NationwideAnnual Premium$785Monthly Premium$65
ShelterAnnual Premium$787Monthly Premium$66
HanoverAnnual Premium$814Monthly Premium$68
State FarmAnnual Premium$839Monthly Premium$70
TravelersAnnual Premium$906Monthly Premium$75
Auto-Owners Insurance CoAnnual Premium$910Monthly Premium$76
FarmersAnnual Premium$972Monthly Premium$81

If you’re a senior, you might be qualified to get a discount to reduce your car insurance rates. Allstate, Farmers, GEICO and Shelter all offer discounts for senior drivers.

Cheapest Car Insurance for Higher Risk Drivers (June 2024)

Southern Farm Bureau offers the cheapest car insurance in Arkansas for drivers with speeding tickets, a DUI and at-fault accidents. Nationwide is the cheapest provider for drivers with poor credit, and Travelers is the most affordable provider for sports car drivers.

CHEAPEST CAR INSURANCE FOR HIGHER RISK DRIVERS

Cheapest after a ticket: Southern Farm Bureau ($852 per year)
Cheapest after an accident: Southern Farm Bureau ($1,026 per year)
Cheapest after a DUI: Southern Farm Bureau ($947 per year)
Cheapest for poor credit: Nationwide ($1,224 per year)
Cheapest for sports cars: Travelers ($926 per year)

Cheapest Car Insurance in Arkansas After a Ticket

According to MoneyGeek’s analysis, these companies offer the most affordable car insurance for drivers with a speeding ticket:

  • Southern Farm Bureau: $852 per year
  • State Farm: $1,042 per year

Dairyland has the priciest car insurance if you have a speeding within ticket, at around $3,502 per year. On average, car insurance premiums for Arkansas drivers with a speeding within ticket are $316 more expensive than drivers with clean records.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Southern Farm BureauAnnual Premium$852Monthly Premium$71
State FarmAnnual Premium$1,042Monthly Premium$87
NationwideAnnual Premium$1,097Monthly Premium$91
GEICOAnnual Premium$1,280Monthly Premium$107
HanoverAnnual Premium$1,284Monthly Premium$107
Auto-Owners Insurance CoAnnual Premium$1,315Monthly Premium$110
TravelersAnnual Premium$1,317Monthly Premium$110
AllstateAnnual Premium$1,335Monthly Premium$111

Cheapest Car Insurance in Arkansas After an Accident

MoneyGeek’s analysis shows that drivers with at-fault accidents on their records can find the cheapest car insurance in Arkansas from these providers:

  • Southern Farm Bureau: $1,026 per year
  • State Farm: $1,126 per year

Dairyland offers the most expensive policy for drivers with at-fault accidents, at roughly $3,956 per year. If you have an at-fault accident on your record, car insurance premiums are $571 more than someone with a clean driving record.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Southern Farm BureauAnnual Premium$1,026Monthly Premium$85
State FarmAnnual Premium$1,126Monthly Premium$94
HanoverAnnual Premium$1,302Monthly Premium$109
TravelersAnnual Premium$1,369Monthly Premium$114
NationwideAnnual Premium$1,428Monthly Premium$119
FarmersAnnual Premium$1,488Monthly Premium$124
AllstateAnnual Premium$1,560Monthly Premium$130
GEICOAnnual Premium$1,705Monthly Premium$142

Cheapest Car Insurance in Arkansas After a DUI

If you have a DUI on your record, the least costly options for full coverage auto insurance in Arkansas are:

  • Southern Farm Bureau: $947 per year
  • State Farm: $1,042 per year

Dairyland has the highest annual premium for drivers with a DUI, at about $2,867. With a DUI on your record, you can expect a $481 increase in your annual rate in Arkansas.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
Southern Farm BureauAnnual Premium$947Monthly Premium$79
State FarmAnnual Premium$1,042Monthly Premium$87
GEICOAnnual Premium$1,350Monthly Premium$112
HanoverAnnual Premium$1,420Monthly Premium$118
FarmersAnnual Premium$1,448Monthly Premium$121
ProgressiveAnnual Premium$1,494Monthly Premium$125
AllstateAnnual Premium$1,509Monthly Premium$126
TravelersAnnual Premium$1,527Monthly Premium$127

Cheapest Car Insurance in Arkansas for Drivers With Poor Credit (June 2024)

On average, MoneyGeek’s analysis shows that drivers with poor credit can find the cheapest auto insurance in Arkansas from:

  • Nationwide: $1,224 per year
  • Alfa: $1,348 per year

Hanover offers the most expensive option for drivers with poor credit, at approximately $3,847 per year. On average, you pay $849 more for your car insurance in Arkansas if you have poor credit than someone with a credit score above 750.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
NationwideAnnual Premium$1,224Monthly Premium$102
AlfaAnnual Premium$1,348Monthly Premium$112
Southern Farm BureauAnnual Premium$1,436Monthly Premium$120
TravelersAnnual Premium$1,528Monthly Premium$127
FarmersAnnual Premium$1,584Monthly Premium$132
Home State Ins GroupAnnual Premium$1,652Monthly Premium$138
GEICOAnnual Premium$1,696Monthly Premium$141
AllstateAnnual Premium$1,704Monthly Premium$142

Insurance companies found that drivers with lower credit scores are more likely to file insurance claims, so they tend to charge higher rates. Although this practice is illegal in some states, it’s legal in Arkansas.

Improving your credit may reduce your insurance premiums over time. Meanwhile, you can save money now by shopping around and taking advantage of common discounts.

Cheapest Car Insurance in Arkansas for Sports Cars (June 2024)

If you’re driving a sports car, you can get the lowest average car insurance rates in Arkansas from:

  • Travelers: $926 per year
  • Farmers: $995 per year

Dairyland has the most expensive car insurance option in Arkansas for sports car drivers, at roughly $2,959 per year.

Generally, auto insurance is more expensive if you’re driving a sports car. This is because insurance companies view sports car drivers as riskier to insure. Sports car drivers in Arkansas will pay around $143 more than a Toyota Camry driver.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage Level:
Coverage Level:Full Coverage
TravelersAnnual Premium$926Monthly Premium$77
FarmersAnnual Premium$995Monthly Premium$83
NationwideAnnual Premium$1,003Monthly Premium$84
Auto-Owners Insurance CoAnnual Premium$1,094Monthly Premium$91
State FarmAnnual Premium$1,169Monthly Premium$97
AllstateAnnual Premium$1,237Monthly Premium$103
GEICOAnnual Premium$1,427Monthly Premium$119
ProgressiveAnnual Premium$1,686Monthly Premium$141

We used a Ford Mustang as the sample sports car in this study, but premiums may vary significantly depending on your car model. Generally, car insurance for luxury, electric and sports cars are more expensive compared with other car types.

Cheapest Car Insurance in Arkansas for Military Drivers (June 2024)

If you’re a veteran or an active-duty military member, USAA offers the cheapest car insurance in Arkansas at $583 per year. Exclusive to military families, USAA is notable for having affordable plans and being financially stable with high customer satisfaction.

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MoneyGeek Top Pick
USAA
  • Annual premium: $583 per year
  • Cheapest, ranking first out of 16 insurance companies

USAA offers a military discount, allowing those who have served our country to enjoy additional savings on their auto insurance.

Cheapest Car Insurance in Arkansas by City

Your car insurance cost is affected by your address. If you live in a neighborhood with a high incidence of theft, vandalism or accidents, insurance companies will see you as riskier to insure and charge you higher premiums.

MoneyGeek’s research shows that Southern Farm Bureau offers the cheapest full coverage car insurance in Little Rock, Arkansas, at around $1,052 per year.

Little RockCheapest CompanySouthern Farm BureauAnnual Premium$1,052

Car Insurance in Arkansas: What You Need to Know

Most states require that drivers have bodily injury liability and property damage liability coverage. Arkansas is no exception, and drivers must carry certain limits in order to meet the state’s minimum requirements.

Arkansas Car Insurance Requirements

In Arkansas, you’re required to get the state’s minimum required insurance. This includes bodily injury and property damage liability coverage.

A minimum coverage policy is cheaper, but it offers less protection in an accident. It’s generally smart to get as much liability coverage as you can afford.

Additionally, if you’ve been involved in repeated or severe driving violations, you might be required to get an SR-22. This could also increase the cost of your coverage.

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    Bodily Injury Liability

    Arkansas requires you to purchase liability coverage, which pays for hospital and other expenses if you’ve been found to be at fault in an accident. As a minimum, you need to get limits of $25,000 per person and $50,000 per accident. However, if your costs exceed those amounts, you’ll pay the remainder out of pocket.

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    Property Damage Liability

    You’re required to buy property damage liability of at least $25,000 in Arkansas. This insurance covers the damage that you cause to another person’s property. It’s a good idea to have enough coverage so that you won’t have to pay for repair or replacement costs in case of an accident.

When it comes to car insurance, we suggest that you get $100,000 in bodily injury liability per person and $300,000 per accident, plus $100,000 in property damage insurance per accident.

If you’re financing your vehicle, you might be required to get comprehensive and collision coverage.

Comprehensive coverage pays for the cost of repairing or replacing your car after a covered off-road accident. Collision insurance takes care of your expenses if your vehicle is damaged by a crash with another vehicle or an object.

If you’re driving a high-value car, we recommend getting comprehensive and collision insurance.

Car Insurance Alternatives in Arkansas

There are no car insurance alternatives in Arkansas. Nonetheless, if your application has been declined by three insurance providers, the Arkansas Automobile Insurance Plan (AAIP) can help you get auto insurance.

AAIP is the state’s residual market for drivers who are unable to get coverage through regular insurance markets. It offers insurance for all kinds of vehicles and drivers, including high-risk motorists.

Since AAIP only accepts applications from licensed insurance agents, we recommend that you reach out to an agent first.

If you need coverage but don’t have a car, you can also look into non-owner car insurance options in the state.

FAQ About Car Insurance in Arkansas

It’s common to have inquiries about cost and quality if you’re in the market for an auto insurance policy. MoneyGeek answered some frequently asked questions about car insurance in Arkansas to help you start your search.

Which company offers the cheapest car insurance in Arkansas?
Should you buy the cheapest car insurance available in Arkansas?

Expert Advice on Finding Cheap Car Insurance in Arkansas

To help you find credible and accurate insight on car insurance in Arkansas, MoneyGeek received expert advice from trusted professionals. The perspectives and opinions expressed are those of the individual contributor.

  1. What are the key factors in Arkansas should look for when searching for the best auto insurance coverage?
  2. What steps can drivers in Arkansas take to find affordable car insurance?
Dr. Laura Hendrix
Dr. Laura HendrixAssociate Professor at the University of Arkansas System Division of Agriculture Cooperative Extension Service
Dr. Yu Wang
Dr. Yu WangAssistant Professor of Finance, Walton College of Business at the University of Arkansas

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.