widget-location-pin

In Arkansas, State Farm offers the cheapest car insurance for drivers looking for minimum coverage, sports car drivers, and motorists with accidents and DUIs.

However, the most affordable provider varies based on the driver. Southern Farm Bureau is the cheapest for full coverage, drivers with a ticket, poor credit, and for seniors and young adults. Teen drivers should consider Allstate. USAA is the cheapest choice for military families.

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

MoneyGeek Logo IconCheapestCar InsuranceArkansas
2023

Cheapest Car Insurance Arkansas (April 2023)

Cheapest Minimum Liability Car Insurance in Arkansas (April 2023)

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

  • State Farm: $237 per year
  • Southern Farm Bureau: $245 per year

Conversely, Dairyland offers the most expensive minimum coverage car insurance in the state, costing approximately $834 per year.

Minimum coverage car insurance in Arkansas covers bodily injury liability and property damage liability.

Company
Annual Premium
Monthly Premium

Hanover

$220

$18

Southern Farm Bureau

$222

$18

State Farm

$223

$19

State Farm

$237

$20

Southern Farm Bureau

$245

$20

State Farm

$288

$24

Hanover

$300

$25

Southern Farm Bureau

$310

$26

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.

Insurance Rates

Compare Insurance Rates

Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.

widget-location-pin
Loading...

Cheapest Full Coverage Car Insurance in Arkansas (April 2023)

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

  • Southern Farm Bureau: $619 per year
  • State Farm: $650 per year

Dairyland’s full coverage policy is the most expensive in Arkansas at approximately $2,036 per year.

Your auto insurance premiums will increase if you purchase comprehensive and collision coverage. You’ll pay $382 more if you choose State Farm’s full coverage insurance instead of its minimum coverage policy.

Despite its higher cost, a full coverage policy provides more protection as it covers on- and off-road incidents

Company
Annual Premium
Monthly Premium

Hanover

$220

$18

Southern Farm Bureau

$222

$18

State Farm

$223

$19

State Farm

$237

$20

Southern Farm Bureau

$245

$20

State Farm

$288

$24

Hanover

$300

$25

Southern Farm Bureau

$310

$26

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
  • 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.

Auto Insurance Calculator

See how the Average Annual Auto Insurance Rates vary with the options chosen.

Arkansas
Female
30-65
Clean

Average Annual Auto Insurance Rates

Click the section of the wheel in your price range to see options.

low end

on average

high end

Click an insurer below to visit their review page or continue to your personalized quote.

USAA

Cheapest Car Insurance in Arkansas for Teens and Their Families (April 2023)

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

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

Conversely, Auto-Owners Insurance Co 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.

Company
Family Plan Annual Premium
Individual Plan Annual Premium

Nationwide

$1,569

$3,203

Allstate

$1,576

$5,933

State Farm

$1,659

$2,279

Allstate

$1,689

$6,394

Nationwide

$1,771

$3,948

Travelers

$2,045

$3,381

State Farm

$2,108

$2,863

GEICO

$2,255

$5,790

mglogo icon
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 Insurance Co 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 (April 2023)

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

  • Southern Farm Bureau: $758 per year
  • State Farm: $824 per year

Dairyland has the most expensive rates for the state’s young adults, with an average rate of $2,881 per year.

Generally, drivers in their 20s pay higher rates than their middle-aged counterparts. In Arkansas, car insurance with State Farm, the cheapest option for middle-aged drivers, is approximately $139 more expensive for young adults.

Company
Annual Premium
Monthly Premium

Hanover

$220

$18

Southern Farm Bureau

$222

$18

State Farm

$223

$19

State Farm

$237

$20

Southern Farm Bureau

$245

$20

State Farm

$288

$24

Hanover

$300

$25

Southern Farm Bureau

$310

$26

Cheapest Car Insurance in Arkansas for Seniors (April 2023)

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

  • Southern Farm Bureau: $562 per year
  • State Farm: $582 per year

Dairyland has the most expensive rates for older adults in the state, at approximately $2,145 per year.

On average, senior drivers pay $68 less for car insurance from State Farm compared with middle-aged drivers. State Farm is the cheapest insurer for middle-aged drivers. However, rates usually increase once drivers reach their 70s and 80s.

Company
Annual Premium
Monthly Premium

Hanover

$220

$18

Southern Farm Bureau

$222

$18

State Farm

$223

$19

State Farm

$237

$20

Southern Farm Bureau

$245

$20

State Farm

$288

$24

Hanover

$300

$25

Southern Farm Bureau

$310

$26

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 in Arkansas After a Ticket, Accident or DUI (April 2023)

Insurance companies usually charge higher premiums for drivers with traffic violations. MoneyGeek’s research found that State Farm offers the cheapest car insurance in Arkansas for drivers at-fault accidents and DUIs, while Southern Farm Bureau is the most affordable for drivers with speeding tickets,.

CHEAPEST CAR INSURANCE COMPANIES AFTER A DRIVING INCIDENT

Cheapest after a ticket: Southern Farm Bureau ($685 per year)
Cheapest after an accident: State Farm ($782 per year)
Cheapest after a DUI: State Farm ($723 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, on average:

  • Southern Farm Bureau: $685 per year
  • State Farm: $723 per year

Dairyland has the priciest car insurance if you have a speeding ticket, at around $2,870 per year.

On average, car insurance premiums for Arkansas drivers with a speeding ticket are $291 more expensive compared with drivers with clean records.

Company
Annual Premium
Monthly Premium

Southern Farm Bureau

$247

$21

State Farm

$256

$21

State Farm

$272

$23

Southern Farm Bureau

$278

$23

Hanover

$319

$27

State Farm

$331

$28

Hanover

$343

$29

Southern Farm Bureau

$343

$29

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, on average:

  • State Farm: $782 per year
  • Southern Farm Bureau: $825 per year

Dairyland insurance is the most expensive, at roughly $3,242 per year.

If you have an at-fault accident on your record, you may have to pay up to $503 more for car insurance compared with someone with a clean driving record.

Company
Annual Premium
Monthly Premium

State Farm

$282

$23

Southern Farm Bureau

$299

$25

State Farm

$299

$25

Southern Farm Bureau

$337

$28

Hanover

$344

$29

State Farm

$364

$30

Hanover

$393

$33

Hanover

$395

$33

Cheapest Car Insurance in Arkansas After a DUI

On average, the cheapest car insurance companies in Arkansas for drivers with a DUI are:

  • State Farm: $723 per year
  • Southern Farm Bureau: $762 per year

Conversely, at approximately $2,368 per year, Shelter has the most expensive car insurance for Arkansas drivers with DUI.

MoneyGeek found that having a DUI can increase your car insurance rates by around $440 per year.

Company
Annual Premium
Monthly Premium

State Farm

$256

$21

State Farm

$272

$23

Southern Farm Bureau

$280

$23

Southern Farm Bureau

$316

$26

State Farm

$331

$28

Hanover

$343

$29

Hanover

$368

$31

Southern Farm Bureau

$391

$33

Cheapest Car Insurance in Arkansas for Drivers With Poor Credit (April 2023)

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

  • Southern Farm Bureau: $1,153 per year
  • Nationwide: $1,224 per year

Meanwhile, Dairyland’s approximately $2,992 per year premium is the most expensive for drivers with poor credit.

On average, you may pay about $706 more for your car insurance in Arkansas if you have poor credit compared with someone with an above 750 credit score.

Company
Annual Premium
Monthly Premium

Southern Farm Bureau

$1,278

$106

Allstate

$1,512

$126

Nationwide

$1,524

$127

Farmers

$1,581

$132

Alfa

$1,740

$145

Travelers

$1,756

$146

GEICO

$1,807

$151

Home State Ins Group

$2,006

$167

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 (April 2023)

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

  • State Farm: $805 per year
  • Farmers: $823 per year

Meanwhile, Dairyland’s roughly $2,422 per year rate is the most expensive car option in the state.

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 $113 more than a Toyota Camry driver.

Company
Annual Premium
Monthly Premium

Hanover

$220

$18

Southern Farm Bureau

$222

$18

State Farm

$223

$19

State Farm

$237

$20

Southern Farm Bureau

$245

$20

State Farm

$288

$24

Hanover

$300

$25

Southern Farm Bureau

$310

$26

Although we used a Ford Mustang as the sample sports car in this study, 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. However, this can vary between states.

Cheapest Car Insurance in Arkansas for Military Drivers (April 2023)

If you’re a veteran or an active-duty military member, USAA offers the cheapest car insurance in Arkansas. On average, it costs $553 per year, which is more affordable than Southern Farm Bureau's $619 per year average rate.

mglogo
MoneyGeek Top Pick
USAA
  • $553 per year
  • Ranks first out of 18 providers in terms of affordability

You can further reduce your car insurance costs by taking advantage of USAA’s numerous discount opportunities. It offers a bundling discount, which offers you savings if you bundle your auto insurance with your home or renters insurance. Additionally, taking an approved driver safety course will also result in a discount.

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 $861 per year.

Click to learn more about the city’s car insurance rates.

City
Cheapest Company
Annual Premium

Little Rock

Southern Farm Bureau

$861

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.

  • male icon

    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.

  • accident2 icon

    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.

FAQs 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.

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. Yu Wang
Dr. Yu Wang

Assistant Professor of Finance, Walton College of Business at the University of Arkansas

Dr. Laura Hendrix
Dr. Laura Hendrix

Associate Professor at the University of Arkansas System Division of Agriculture Cooperative Extension Service

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark 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 economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.


sources