Cheapest Low-Income Car Insurance in Arkansas

Southern Farm Bureau controls Arkansas's low-cost insurance segment, providing the cheapest minimum coverage for every driver profile except those with bad credit. Seniors benefit from the lowest rates at $30 monthly, while adults pay $33, young drivers $42, and violation-related profiles range from $38 for speeding tickets to $45 for accidents and $43 for DUIs. Alfa offers the best option for drivers with poor credit at $40 per month, slightly undercutting Southern Farm Bureau in this single category. 

Arkansas positions itself comfortably below the $53 national average, giving residents access to affordable basic liability coverage compared to expensive markets like New York or Florida. The state's concentrated market with Southern Farm Bureau leading most categories simplifies the shopping process for budget-conscious drivers, though comparing quotes from both Southern Farm Bureau and Alfa remains worthwhile for maximizing savings.*

*All rates in this table, except for adults, are based on a modified profile of a 40-year-old driver with good credit and a clean record insuring a 2012 Toyota Camry. The age ranges are 22 to 29 for young drivers, 30 to 59 for adults and 60+ for seniors.

State Farm and GEICO dominate Arkansas's budget family insurance segment through competitive pricing across different household types. GEICO secures the lowest rate for married couples without teens at $33 monthly, while State Farm provides the best value for married couples with teens at $53 and single parents with teens at $84 per month. 

Arkansas delivers exceptional affordability for families with teenage drivers, coming in $30 below the $83 national average and significantly undercutting expensive states like Florida or Michigan. Single-parent households in Arkansas pay just $31 more monthly than married couples with teens when using State Farm, a smaller gap than many states where single parents face premiums $50 to $100 higher. The state's favorable rates and concentrated market leadership between State Farm and GEICO simplify shopping for budget-conscious families, though comparing quotes from both insurers plus Progressive remains worthwhile to maximize savings.*

*Rates for couples and single parents with teens apply to a 16-year-old driver. Those for a married couple without children are based on a 40-year-old male with good credit and a clean driving record.

Arkansas drivers must meet these minimum car insurance requirements: 

• $25,000 in bodily injury liability per person
• $50,000 per accident
• $25,000 in property damage liability per accident

If you lease or finance a vehicle, you'll need liability coverage of 100/300/100 and comprehensive and collision protection.

Southern Farm Bureau and Hanover are the most affordable car insurance providers for most low-income drivers in Arkansas. High-risk drivers can find the cheapest options with Southern Farm Bureau for speeding tickets, State Farm for DUIs, Hanover for at-fault accidents and Alfa for bad credit. To get the best deal, explore various providers and comparison channels.

Low-income drivers in Arkansas find affordable car insurance challenging. Here are answers to common questions on saving money.

Study Overview

MoneyGeek analyzed Arkansas auto insurance rates using data from the Arkansas Insurance Department and Quadrant Information Services.

Data Acquisition, Depth and Analysis

MoneyGeek analyzed 328,384 quotes from 14 companies across 370 ZIP codes to determine the average cost of car insurance for drivers with low income in Arkansas.

Sample Driver Profile

We used a sample driver profile with the following attributes to determine average car insurance rates for low-income drivers in Arkansas:

• 40-year-old male
• 2012 Toyota Camry LE
• Clean driving record
• 12,000 miles driven annually

To determine rates for specific driver profiles, we adjusted factors such as age, family status, driving history and credit standing.

Our study defines seniors as 60 or older, young drivers as 22 to 29 and adults as 30 to 59. Married couples with a child include 40-year-old male and female drivers with a 16-year-old teen. Single parents with children are 40-year-old male or female drivers with a 16-year-old teen.

Coverage Levels and Deductibles

Our data shows rates for minimum coverage, which follows the requirements set by Arkansas law, and offers affordable options for low-income drivers.