The Cheapest Car Insurance in Arkansas for 2022
MoneyGeek collected car insurance quotes in Arkansas to help find the best and cheapest options based on your needs. On average, GEICO offers the cheapest policy at $373 annually. You can save as much as $1,255 by comparing quotes.
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Although GEICO has the cheapest average rate in Arkansas, certain factors such as driving history, credit score, coverage amounts and age can affect your car insurance cost.
For example, Southern Farm Bureau is the cheapest for those who want full coverage, drivers with at-fault accidents and seniors. If you are from a military family, consider USAA. It is one of the most affordable options on the market.
For those looking for an even more local solution, we also broke down the cheapest companies by city, as well as the best car insurance companies in Arkansas for those looking to balance quality service and cost.
To find out how MoneyGeek calculated the cheapest car insurance in Arkansas, read our methodology.
The Cheapest Car Insurance in Arkansas
Cheapest Minimum Liability Car Insurance in Arkansas
The most affordable providers of minimum liability only car insurance coverage in Arkansas are:
- GEICO: $373 per year
- Southern Farm Bureau: $394 per year
USAA offers the most affordable car insurance in Arkansas at an average cost of $304 per year but is only exclusively available for current and former military members and their families. MetLife charges the highest premiums for minimum liability coverage in the state, at an average cost of $1,039 per year.
Cheapest Minimum Car Insurance in Arkansas
These prices are only estimates based on rates for an average Arkansas driver and should not be used to compare insurance prices.
Compare Auto Insurance Rates
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
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:
- Southern Farm Bureau: $843 per year
- GEICO: $866 per year
The cheapest full coverage in Arkansas for current and former military members and their families is USAA at an average cost of $663 per year. MetLife has the highest full coverage insurance rates in Arkansas, charging an average premium of $1,918 per year.
Cheapest Full Coverage Car Insurance 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.
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 get a quote estimate for an average Arkansas driver using MoneyGeek’s car insurance calculator. Enter more information if you want a personalized quote.
- For most drivers, the cheapest car insurance companies in Arkansas for a minimum liability policy are USAA, GEICO and Southern Farm Bureau.
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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, which means you might need to file an SR-22. 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 in Arkansas for Drivers With an At-Fault Accident
Insurance companies charge more to Arkansas with a history of at-fault accidents. The average cost of auto insurance in the state for drivers with at-fault accidents is on average $1,799 per year.
On average, the most affordable car insurance for drivers with at-fault accidents in Arkansas are:
- Southern Farm Bureau: $1,075 per year
- State Farm: $1,195 per year
USAA is the cheapest option in the state, with an average rate of $953 annually. However, its policies are only available to military families.
Cheapest Car Insurance With an At-Fault Accident
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:
- GEICO: $866 per year
- Southern Farm Bureau: $914 per year
On average, USAA provides the lowest rates for drivers with a clean record and those with speeding tickets at $780 annually. However, USAA offers car insurance exclusively to military members and their families. The most costly car insurance rate for drivers with tickets is MetLife, at an average cost of $3,227.
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:
- GEICO: $1,356 per year
- Southern Farm Bureau: $1,374
For military members and their families, USAA offers the cheapest insurance in the state for drivers with bad credit at $1,073 per year on average. MetLife is $5,239 on average a year, making it the most expensive car insurance for drivers with bad credit in Arkansas.
Cheapest 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 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:
- Southern Farm Bureau: $752 per year
- State Farm: $997 per year
USAA, available exclusively for military members and their families, is the cheapest car insurance in Arkansas for seniors at an average cost of $718 per year. The most expensive option in this category is MetLife again, as this company charges an average of $1,764 per year.
Cheapest 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 in Arkansas for Young Drivers
Auto insurance companies in Arkansas consider young drivers riskier to insure. Thus, young drivers typically pay more than the average adult driver. A 16-year-old driver in the state pays an average of $3,117 per year, while the average cost of a similar policy for a 25-year-old driver is $1,212 annually.
For young drivers ages 16-25 in Arkansas, GEICO is most commonly the cheapest option.
Annual Car Insurance In Arkansas for Young Drivers
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Young drivers pay lower premium costs by driving a midsize sedan rather than a sports car or SUV, maintain good grades, take a defensive driving course and avoid crashes and DUIs. Parents can also add young drivers to their insurance policy to reduce costs.
If you're attending school outside your home state of Arkansas, you have to make sure your student car insurance matches the requirements for your new state. Always notify the insurance company if your car will be used in another state for more than 30 days.
Cheapest Car Insurance in Arkansas for Military Drivers
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.
Cheapest Car Insurance in Arkansas by City
Your place of residency can also have an impact on how much your car insurance policy costs. In Little Rock, the average annual cost of a full coverage policy is $1,189 per year.
If you want to know more about auto insurance in your area, click on your city.
Average Insurance Rate by City in Arkansas
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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.
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 Highway Traffic Safety Administration (NHTSA). "2018 Fatality Analysis Reporting System (FARS)." Accessed March 9, 2020.