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Cheapest Car Insurance Companies and Quotes in Arkansas

The individual circumstances of a driver will play a role in finding the best car insurance in Arkansas. MoneyGeek ranked the top carriers based on the affordability of auto insurance plans with comprehensive and collision coverage for the average driver. To better understand how much you’ll have to pay, compare quotes from different companies.

Average Comprehensive and Collision Rates in Arkansas

The prices listed on the table are average annual premiums. However, the numbers may not be the same as your actual costs because insurance carriers determine premiums based on individualized factors. While these averages can give you an idea of which companies to contact, you should still shop around and compare personalized quotes.

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Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

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Cheapest Liability Car Insurance in Arkansas

Arkansas requires all individuals operating a motor vehicle to have an auto insurance policy. For some, liability-only coverage is enough. This covers personal injury and property damage claims for the other driver if you are at fault in an accident. If you want coverage for your own expenses, it may be better to get collision and comprehensive coverage.

Like most states, Arkansas has a minimum liability requirement. GEICO has the cheapest option for most Arkansas drivers for the 25/50/25 state minimum, which has an average price of $373 per year. They also offer the most affordable annual premium for 50/100/50 coverage, which costs an average of $443.

Average Cost for Liability Coverage

The Best Car Insurance Companies in Arkansas for 2021

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.

Expand All Rankings +

1

USAAScore: 100
+

5/5

User Satisfaction

5/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

2

Auto-Owners Insurance CoScore: 97.5
+

5/5

User Satisfaction

4/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

3

GEICOScore: 92.5
+

4/5

User Satisfaction

3/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

4

AllstateScore: 85
+

4/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

5

TravelersScore: 85
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A++

Financial Stability

6

State FarmScore: 85
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A++

Financial Stability

7

ProgressiveScore: 85
+

3/5

User Satisfaction

3/5

Claims Ratings

4/5

Affordability

A+

Financial Stability

8

AAAScore: 82.5
+

3/5

User Satisfaction

3/5

Claims Ratings

4/5

Affordability

A

Financial Stability

9

SafecoScore: 77.5
+

2/5

User Satisfaction

4/5

Claims Ratings

2/5

Affordability

A

Financial Stability

10

Liberty MutualScore: 77.5
+

2/5

User Satisfaction

4/5

Claims Ratings

2/5

Affordability

A

Financial Stability

While USAA scores highly in many areas, this provider is only available to military members, veterans and their families.

Market Share by Company

According to 2018 data from the National Association of Insurance Commissioners, the most popular auto insurance companies in Arkansas are State Farm, Southern Farm Bureau Auto Insurance, Shelter Insurance, Progressive, Allstate, GEICO, USAA, Farmers, Liberty Mutual and Alfa Insurance.

State Farm has 24.62% of the market share in the state, followed by Southern Farm Bureau at 13.17%, Shelter at 8.73% and Progressive rounding out the top four at 8.03%.

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Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

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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

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.

Average Car Insurance Rates With a DUI

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 With Tickets in Arkansas

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.

Average Car Insurance Rates With a Ticket

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

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.

Average Car Insurance Rates for Drivers With Bad Credit

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 Companies in Arkansas 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.

Average Car Insurance Rates for Seniors

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

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 following table illustrates an estimation of what parents in Arkansas can expect to pay for their teen or college-aged student drivers.

Average Car Insurance Rates for Students

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

male
25 years$1,477
50 years$1,136
female
25 years$1,402
50 years$1,110

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.

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About the Author


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Laura Longero is an award-winning journalist who has 15 years of experience in the industry across content creation, writing and editing, communications and storytelling. She spends her free time wrangling her kids, reading and pinching pennies.


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