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The Best Cheap Car Insurance Companies for Arkansas Drivers in 2020

Most drivers will be able to choose from familiar Arkansas car insurance companies like State Farm, Progressive, Allstate, Farmers and Liberty, as well as USAA, which offers insurance to members of the military and veterans and their families.

The table below lists various insurance companies and the approximate monthly premium cost for an average driver. However, these numbers are estimates and may vary greatly from any individual quote that pertains to your driving history and situation.

Company
Amount
1. USAA
In 2020, USAA ranked #1 in Arkansas for the cheapest car insurance on average.
$663
per year
2. Southern Farm Bureau
In 2020, Southern Farm Bureau ranked #2 in Arkansas for the cheapest car insurance on average.
$843
per year
3. GEICO
In 2020, GEICO ranked #3 in Arkansas for the cheapest car insurance on average.
$866
per year
4. Farmers
In 2020, Farmers ranked #4 in Arkansas for the cheapest car insurance on average.
$924
per year
5. State Farm
In 2020, State Farm ranked #5 in Arkansas for the cheapest car insurance on average.
$1,012
per year
6. Nationwide
In 2020, Nationwide ranked #6 in Arkansas for the cheapest car insurance on average.
$1,018
per year
7. Allstate
In 2020, Allstate ranked #7 in Arkansas for the cheapest car insurance on average.
$1,110
per year
8. Shelter
In 2020, Shelter ranked #8 in Arkansas for the cheapest car insurance on average.
$1,281
per year
9. Travelers
In 2020, Travelers ranked #9 in Arkansas for the cheapest car insurance on average.
$1,288
per year
10. Progressive
In 2020, Progressive ranked #10 in Arkansas for the cheapest car insurance on average.
$1,363
per year
11. AAA
In 2020, AAA ranked #11 in Arkansas for the cheapest car insurance on average.
$1,456
per year
12. MetLife
In 2020, MetLife ranked #12 in Arkansas for the cheapest car insurance on average.
$1,918
per year

Estimates give you an idea of which companies to contact for car insurance quotes, but make sure to shop around when you’re looking for Arkansas car insurance companies and ask about multi-policy discounts and other discounts for safe driving, long tenure with the company, and more.

The Best Car Insurance Companies in Arkansas for 2020

We created a unique rating system, which is based on a combination of ratings from reputable outlets like JD Power and AM Best. Scores are out of 100, with each weighted equally, and include financial stability, customer satisfaction, claims, and affordability metrics. Find out below which company may be the best fit for your needs.

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


Market Share by Company

According to 2018 data from the National Association of Insurance Commissioners, the top-rated auto insurance companies in Arkansas are: State Farm, Southern Farm Bureau Auto Insurance, Shelter Insurance, Progressive, Allstate, Berkshire Hathaway, 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%.

Company
Market Share
1. State Farm
24.62%
2. Southern Farm Bureau
13.17%
3. Shelter
8.73%
4. Progressive
8.03%
5. Allstate
7.14%
6. GEICO
5.80%
7. USAA
4.77%
8. Farmers
3.91%
9. Liberty Mutual
3.72%
10. Nationwide
2.55%

Cheapest Car Insurance for Drivers With a DUI in Arkansas

According to the Centers for Disease Control and Prevention, 1,769 people were killed in crashes involving a drunk driver in Arkansas from 2003–2012. The percentage of adults who reported driving after drinking too much (in the 30 days prior to being surveyed) was 1% in Arkansas, according to 2012 CDC data.

The financial repercussions of getting a DUI are costly and can range from court and legal fees to alcohol education treatment programs. Additionally, your insurance rate will also see a spike in cost in addition to the legal fees. Consider the following auto insurance rates for drivers who receive a DUI in Arkansas.

Company
Amount
1. Southern Farm Bureau
In 2020, Southern Farm Bureau ranked #1 in Arkansas for the cheapest car insurance for drivers with a DUI.
$1,010
per year
2. State Farm
In 2020, State Farm ranked #2 in Arkansas for the cheapest car insurance for drivers with a DUI.
$1,104
per year
3. USAA
In 2020, USAA ranked #3 in Arkansas for the cheapest car insurance for drivers with a DUI.
$1,214
per year
4. Farmers
In 2020, Farmers ranked #4 in Arkansas for the cheapest car insurance for drivers with a DUI.
$1,283
per year
5. Allstate
In 2020, Allstate ranked #5 in Arkansas for the cheapest car insurance for drivers with a DUI.
$1,460
per year
6. Progressive
In 2020, Progressive ranked #6 in Arkansas for the cheapest car insurance for drivers with a DUI.
$1,625
per year
7. Nationwide
In 2020, Nationwide ranked #7 in Arkansas for the cheapest car insurance for drivers with a DUI.
$1,829
per year
8. Travelers
In 2020, Travelers ranked #8 in Arkansas for the cheapest car insurance for drivers with a DUI.
$2,207
per year
9. AAA
In 2020, AAA ranked #9 in Arkansas for the cheapest car insurance for drivers with a DUI.
$2,280
per year
10. GEICO
In 2020, GEICO ranked #10 in Arkansas for the cheapest car insurance for drivers with a DUI.
$2,577
per year
11. Shelter
In 2020, Shelter ranked #11 in Arkansas for the cheapest car insurance for drivers with a DUI.
$3,003
per year
12. MetLife
In 2020, MetLife ranked #12 in Arkansas for the cheapest car insurance for drivers with a DUI.
$5,082
per year

While each insurance company calculates premiums differently, you can expect to pay an additional $40,000 over the course of 13 years in increased auto insurance premiums. Exactly how much your rate would go up depends on your insurance company, your location and your driving record. With a DUI you’ll likely pay higher rates for up to a decade.

Cheapest Car Insurance for AR Speeding or Distracted Driving Tickets

According to the National Highway Traffic Safety Administration’s (NHTSA) 2018 Fatality Analysis Reporting System (FARS), 472 crashes in Arkansas were caused by distracted driving. Driving while distracted can cause accidents. Arkansas state laws prohibit texting while driving, but cellphone use is not prohibited except by school bus and novice drivers, according to the Governors Highway Safety Association.

Company
Amount
1. USAA
In 2020, USAA ranked #1 in Arkansas for the cheapest car insurance for distracted drivers.
$780
per year
2. GEICO
In 2020, GEICO ranked #2 in Arkansas for the cheapest car insurance for distracted drivers.
$866
per year
3. Southern Farm Bureau
In 2020, Southern Farm Bureau ranked #3 in Arkansas for the cheapest car insurance for distracted drivers.
$914
per year
4. State Farm
In 2020, State Farm ranked #4 in Arkansas for the cheapest car insurance for distracted drivers.
$1,104
per year
5. Farmers
In 2020, Farmers ranked #5 in Arkansas for the cheapest car insurance for distracted drivers.
$1,170
per year
6. Nationwide
In 2020, Nationwide ranked #6 in Arkansas for the cheapest car insurance for distracted drivers.
$1,216
per year
7. Allstate
In 2020, Allstate ranked #7 in Arkansas for the cheapest car insurance for distracted drivers.
$1,281
per year
8. Travelers
In 2020, Travelers ranked #8 in Arkansas for the cheapest car insurance for distracted drivers.
$1,644
per year
9. Progressive
In 2020, Progressive ranked #9 in Arkansas for the cheapest car insurance for distracted drivers.
$1,871
per year
10. AAA
In 2020, AAA ranked #10 in Arkansas for the cheapest car insurance for distracted drivers.
$2,016
per year
11. Shelter
In 2020, Shelter ranked #11 in Arkansas for the cheapest car insurance for distracted drivers.
$2,267
per year
12. MetLife
In 2020, MetLife ranked #12 in Arkansas for the cheapest car insurance for distracted drivers.
$3,227
per year

Your auto insurance rate is likely to go up if you get a ticket for speeding or for distracted driving. 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 AR for Drivers With Bad Credit

According to Experian, the average FICO Score in the United States hit a record high of 703 in 2019, which is higher than the Arkansas average FICO Score of 683. Nationwide Insurance uses credit scores to determine premiums as studies show that using a credit score helps companies better predict insurance losses. If you have subprime credit (credit scores below 670), you’ll likely have to shop around to secure affordable car insurance in Arkansas. Consider the following table for an estimate of Arkansas auto insurance for people with low credit scores.

Company
Amount
1. USAA
In 2020, USAA ranked #1 in Arkansas for the cheapest car insurance for drivers with poor credit.
$1,073
per year
2. GEICO
In 2020, GEICO ranked #2 in Arkansas for the cheapest car insurance for drivers with poor credit.
$1,356
per year
3. Southern Farm Bureau
In 2020, Southern Farm Bureau ranked #3 in Arkansas for the cheapest car insurance for drivers with poor credit.
$1,374
per year
4. Nationwide
In 2020, Nationwide ranked #4 in Arkansas for the cheapest car insurance for drivers with poor credit.
$1,405
per year
5. Farmers
In 2020, Farmers ranked #5 in Arkansas for the cheapest car insurance for drivers with poor credit.
$1,411
per year
6. Allstate
In 2020, Allstate ranked #6 in Arkansas for the cheapest car insurance for drivers with poor credit.
$1,665
per year
7. State Farm
In 2020, State Farm ranked #7 in Arkansas for the cheapest car insurance for drivers with poor credit.
$2,014
per year
8. Progressive
In 2020, Progressive ranked #8 in Arkansas for the cheapest car insurance for drivers with poor credit.
$2,194
per year
9. Shelter
In 2020, Shelter ranked #9 in Arkansas for the cheapest car insurance for drivers with poor credit.
$2,194
per year
10. AAA
In 2020, AAA ranked #10 in Arkansas for the cheapest car insurance for drivers with poor credit.
$2,390
per year
11. Travelers
In 2020, Travelers ranked #11 in Arkansas for the cheapest car insurance for drivers with poor credit.
$2,401
per year
12. MetLife
In 2020, MetLife ranked #12 in Arkansas for the cheapest car insurance for drivers with poor credit.
$5,239
per year

To improve your credit score, check out our guide on how to improve your credit score.

Cheapest Car Insurance Companies in Arkansas for Seniors

According to 2017 National Highway Traffic Safety Administration data, there were 6,784 people 65 years and older killed in motor vehicle traffic crashes with older people making up 18% of all traffic fatalities during the year. When shopping for car insurance, seniors in Arkansas should ask for discounts for completing driver safety courses, for driving infrequently, and for choosing a vehicle that has good safety features. There are other options that seniors can consider when it comes to choosing auto insurance.

The following table is a general guideline of what seniors in Arkansas can expect when they go looking for the most affordable car insurance.

Company
Amount
1. USAA
In 2020, USAA ranked #1 in Arkansas for the cheapest car insurance for seniors.
$718
per year
2. Southern Farm Bureau
In 2020, Southern Farm Bureau ranked #2 in Arkansas for the cheapest car insurance for seniors.
$752
per year
3. State Farm
In 2020, State Farm ranked #3 in Arkansas for the cheapest car insurance for seniors.
$997
per year
4. GEICO
In 2020, GEICO ranked #4 in Arkansas for the cheapest car insurance for seniors.
$1,010
per year
5. Farmers
In 2020, Farmers ranked #5 in Arkansas for the cheapest car insurance for seniors.
$1,024
per year
6. Nationwide
In 2020, Nationwide ranked #6 in Arkansas for the cheapest car insurance for seniors.
$1,036
per year
7. Allstate
In 2020, Allstate ranked #7 in Arkansas for the cheapest car insurance for seniors.
$1,176
per year
8. Shelter
In 2020, Shelter ranked #8 in Arkansas for the cheapest car insurance for seniors.
$1,206
per year
9. AAA
In 2020, AAA ranked #9 in Arkansas for the cheapest car insurance for seniors.
$1,472
per year
10. Progressive
In 2020, Progressive ranked #10 in Arkansas for the cheapest car insurance for seniors.
$1,557
per year
11. Travelers
In 2020, Travelers ranked #11 in Arkansas for the cheapest car insurance for seniors.
$1,600
per year
12. MetLife
In 2020, MetLife ranked #12 in Arkansas for the cheapest car insurance for seniors.
$1,764
per year

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.

Cheapest Car Insurance for Students

Arkansas Car Insurance: How Much a Teen Driver Will Cost You

Median annual price change for families with a teen driver on their policy:

$1,842 INCREASE

This is a difference of 118%.

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. The American Automobile Association recommends that teens and students keep premium costs down by driving a midsize sedan rather than a sports car or SUV; getting a good student discount; taking a defensive driving course; and avoiding crashes and DUIs.

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.

Company
Amount
1. Allstate
In 2020, Allstate ranked #1 in Arkansas for the cheapest car insurance for students.
$2,518
per year
2. State Farm
In 2020, State Farm ranked #2 in Arkansas for the cheapest car insurance for students.
$2,998
per year
3. Progressive
In 2020, Progressive ranked #3 in Arkansas for the cheapest car insurance for students.
$3,061
per year
4. Nationwide
In 2020, Nationwide ranked #4 in Arkansas for the cheapest car insurance for students.
$3,067
per year
5. GEICO
In 2020, GEICO ranked #5 in Arkansas for the cheapest car insurance for students.
$3,101
per year


Premium Comparison by Student Type

PREMIUM COMPARISON FOR TWO ADULTS + 16-YEAR-OLD

car
Average premium for two 2014

Mustang GTs

$4,722
car
Average premium for two 2008

Town and Country Limiteds

$3,111
Annual benefits of minivans:$1,611 saved

This is 34% less expensive.

Cheaper premium for college vs. high school drivers

Median premium change with a college student vs. high school driver:

$600 DECREASE

This is a savings of 16%.

Potential discounts for teens in Arkansas

Impact on annual premium with good student and defensive driving discounts:

coins
$522 SAVED

Arkansas students: a long-distance discount

You may pay a smaller annual family premium if your child lives 150 miles or more away from home.

male
Average premium for a 19-year-old male
car

$3,428 at home

graduation

$3,131 at school

$297 IN SAVINGS

female
Average premium for a 19-year-old female
car

$3,016 at home

graduation

$2,831 at school

$185 IN SAVINGS

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 Razorback 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 as 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 to vets and enlisted military likely will require a clean driving record.

Age savings for Arkansas service members

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

$341 Saved
$292 Saved

Median auto insurance for service members: $1,170

Who Needs Car Insurance in Arkansas?

Arkansas law requires you to carry liability coverage for all the vehicles you drive. You'll need to provide proof of coverage in order 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 uses an electronic database to verify car insurance and does frequent checks of all registered vehicles.

A police officer: You can carry a copy of your insurance card in the glove compartment or on your cellphone. Like most states, Arkansas allows drivers to show proof of insurance stored on their smartphones.

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 to 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 Assigned Risk Plan.

Car insurance companies use your location to calculate your rate.
Explore average rates for your city.

Car Insurance Requirements in Arkansas: How Much Coverage Do You Need?

What percentage of drivers in Arkansas lack vehicle insurance?

16.6%

National average: 13%

Source:

Insurance Information Institute.

When shopping for car insurance in Arkansas, consider the value of the vehicle as well as your financial circumstances. According to the Insurance Information Institute, consumer groups recommend — if you can afford it — that you get liability insurance in the amount of at least $100,000 per injury and $300,000 per accident. Uninsured motorist coverage will help protect you in case you're hit by a driver without insurance. And collision and comprehensive insurance will pay to repair and/or replace your vehicle after an accident or natural disaster.

Additional collision coverage beyond the state-required minimum will protect you if you are at fault in an accident. Comprehensive coverage helps repair or pay for the replacement value of a vehicle following a crash.

For more on the common types of car coverage and what's best for you, check out the MoneyGeek guide to car insurance.


Auto Insurance Rates

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Sources