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The 5 Best Homeowners Insurance Companies in Arkansas

When searching for cheap homeowners insurance policies in Arkansas, it’s good to look into several different factors, apart from price. You can assess each provider’s coverage options, quality of customer service, ability to pay claims and other features to get the best homeowners insurance for your property.

To help you get affordable home insurance in Arkansas, MoneyGeek ranked and compared the top five companies based on the cost of coverage in Arkansas, its J.D. Power customer satisfaction score and the ability to pay claims according to AM Best’s financial stability rating.


1

USAAScore: 98

4.8/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability


USAA's homeowners insurance covers policyholders for identity theft, vandalism, liability, theft, most weather-related events and fire. Additional coverage options include dwelling coverage, loss of use, personal belongings, personal liability, home-sharing coverage, earthquake coverage and coverage for other structures separate from the home like driveways, fences, storage sheds and garages.

2

TravelersScore: 93

5/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability


Travelers presents standard coverage options and allows you to add coverage items and features such as replacement and additional replacement cost, valuable items, special coverage for contents, water backup, personal articles floater, green home and identity fraud. The provider also offers a mobile app, rate calculator, online claims application and online bills payment.

Read MoneyGeek's Travelers Home Insurance Review

3

NationwideScore: 93

4.8/5

Affordability

4.3/5

User Satisfaction

4.5/5

Financial Stability


Nationwide provides homeowners with standard coverage and added options, such as identity theft or fraud, replacement cost plus, earthquake, equipment breakdown, drain or sump pump, backup of sewer and roof replacement. You can qualify for discounts based on your purchases.

Read MoneyGeek's Nationwide Home Insurance Review

4

FarmersScore: 92

4.8/5

Affordability

4.6/5

User Satisfaction

4/5

Financial Stability


With Farmers, you can choose customizable plans and add coverage for identity management, eco rebuild, home contents and multi-policy. Additional options are an online rate calculator, mobile app, household inventory tool, online bills payment and online claims application. Check if you are eligible to get discounts.

Read MoneyGeek's Farmers Home Insurance Review

5

State FarmScore: 91

4.7/5

Affordability

4.1/5

User Satisfaction

5/5

Financial Stability


State Farm offers a website and app that you can use to file a claim or get a quote. Coverage includes medical payment, guest medical payments, liability protection, other structures, dwelling, replacement value and personal property. You can also obtain coverage for water backup and energy efficiency upgrades.

Read MoneyGeek's State Farm Home Insurance Review

What Is the Average Cost of Homeowners Insurance in Arkansas?

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home insurance is 0.0% more than the average.

Arkansas homeowners insurance rates are an average of $2,039 per year for a dwelling coverage baseline amount of $100,000. This yearly premium is 3.1% lower than the U.S. average of $2,103. Companies estimate homeowners insurance in Arkansas based on house value, crime rate, exposure to different weather conditions, natural disasters and other factors.

Home Insurance Calculator: Estimate the Cost of Homeowners Insurance in Arkansas

Your homeowners insurance cost in Arkansas is calculated based on your circumstances and region-related factors. The provider will consider various elements to determine your quote, including your home’s dwelling value, age, location, roof quality and proximity to a fire department.

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Home Insurance Calculator

State

Arkansas

Dwelling Coverage

$100,000

Deductible

$500

Liability

$300,000

Personal Property

$150,000

Credit Score

Excellent
moneygeek-logo

low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

The Cheapest Homeowners Insurance Quotes in Arkansas

In Arkansas, Travelers offers the cheapest home insurance baseline premium of $988, on average, for dwelling coverage of $100,000. This average rate is $1,051 — or 51.5% — less than the state average. The dwelling coverage baseline of up to $100,000 will take care of house repair expenses if your home gets impacted by factors such as explosions, vandalism, theft, hail, fire and smoke or falling objects. You can obtain the best homeowners insurance in Arkansas by comparing providers’ rates and selecting the best plan for your property.

Cheapest Homeowners Insurance by Dwelling Coverage

Dwelling Coverage:

$100,000
Company
Amountper year
1. Travelers
In 2020, Travelers ranked #1 for the cheapest homeowners insurance with $100,000 in dwelling coverage in Arkansas.
$988
2. Nationwide
In 2020, Nationwide ranked #2 for the cheapest homeowners insurance with $100,000 in dwelling coverage in Arkansas.
$1,317
3. Farmers
In 2020, Farmers ranked #3 for the cheapest homeowners insurance with $100,000 in dwelling coverage in Arkansas.
$1,363
4. USAA
In 2020, USAA ranked #4 for the cheapest homeowners insurance with $100,000 in dwelling coverage in Arkansas.
$1,438
5. State Farm
In 2020, State Farm ranked #5 for the cheapest homeowners insurance with $100,000 in dwelling coverage in Arkansas.
$1,680

Best Cheap Homeowners Insurance Companies for Expensive Homes

USAA has the lowest average rate for a $2 million property in Arkansas. However, this provider only serves military members and their families. Farmers — the company with the second-lowest average premium — offers an average home insurance plan of $10,683 per year. Other companies have average rates between $16,431 and $101,945 a year. You may want to compare house insurance quotes to see where you could save money.

Cheapest Homeowners Insurance Companies for High-Value Homes
Company
Amountper year
1. USAA
In 2020, USAA ranked #1 in Arkansas for the cheapest homeowners insurance for high-value homes.
$8,405
2. Farmers
In 2020, Farmers ranked #2 in Arkansas for the cheapest homeowners insurance for high-value homes.
$10,683
3. Travelers
In 2020, Travelers ranked #3 in Arkansas for the cheapest homeowners insurance for high-value homes.
$16,431
4. Allstate
In 2020, Allstate ranked #4 in Arkansas for the cheapest homeowners insurance for high-value homes.
$17,458
5. State Farm
In 2020, State Farm ranked #5 in Arkansas for the cheapest homeowners insurance for high-value homes.
$18,160

Best Homeowners Insurance Companies if You Have a Pool

A pool on your property may increase your home insurance rates. In Arkansas, providers’ prices differ by a few hundred dollars for pool homes with an average dwellings cost of $250,000. Travelers offers the cheapest average rate of $2,060 per year for homes with a pool in Arkansas.

Cheapest Homeowners Insurance for Pool Home
Company
Amountper year
1. Travelers
In 2020, Travelers ranked #1 in Arkansas for the cheapest homeowners insurance for homes with a pool.
$2,060
2. Farmers
In 2020, Farmers ranked #2 in Arkansas for the cheapest homeowners insurance for homes with a pool.
$2,332
3. USAA
In 2020, USAA ranked #3 in Arkansas for the cheapest homeowners insurance for homes with a pool.
$2,441
4. Nationwide
In 2020, Nationwide ranked #4 in Arkansas for the cheapest homeowners insurance for homes with a pool.
$2,796
5. State Farm
In 2020, State Farm ranked #5 in Arkansas for the cheapest homeowners insurance for homes with a pool.
$3,166

Cheapest Home Insurance in Arkansas if You Have Poor Credit

In Arkansas, your credit score is one factor home insurance providers use when determining your costs. You can increase your credit score when you make timely credit card payments and keep your debt to a minimum. Improving your credit score will help to decrease your house insurance prices. For homeowners with poor credit, Travelers provides the most affordable home insurance rate in Arkansas. This company’s average annual premium is $1,716 for a dwelling coverage baseline amount of $100,000.

Cheapest Homeowners Insurance for Poor Credit
Company
Amountper year
1. Travelers
In 2020, Travelers ranked #1 for the cheapest homeowners insurance for owners with poor credit in Arkansas.
$1,716
2. Nationwide
In 2020, Nationwide ranked #2 for the cheapest homeowners insurance for owners with poor credit in Arkansas.
$3,293
3. Farmers
In 2020, Farmers ranked #3 for the cheapest homeowners insurance for owners with poor credit in Arkansas.
$3,697
4. State Farm
In 2020, State Farm ranked #4 for the cheapest homeowners insurance for owners with poor credit in Arkansas.
$3,782
5. USAA
In 2020, USAA ranked #5 for the cheapest homeowners insurance for owners with poor credit in Arkansas.
$4,084

How to Get Homeowners Insurance Quotes in Arkansas

You’ll need to provide your personal details such as your name, phone number, address and Social Security number to the insurer when you request quotes for home insurance in Arkansas. You should know your property’s worth as well as the value of added features like a pool. The insurance provider will ask you several questions to get information about your house and offer you an individualized quote based on your responses.

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Other Considerations for Homeowners Insurance in Arkansas

Your annual home insurance premium also depends on many other factors, such as your neighborhood. Insurance providers consider scenarios like average home value, weather risks and crime statistics. Arkansas ranks seventh among U.S. states for property crime rate per 100,000. As reported by the FBI, there were 16,384 violent crimes and 87,793 property crimes in the state in 2018.

Arkansas’s average home value is $128,101, which ranks the state as 49th among U.S. states for house value. Your property can be vulnerable to hazardous weather conditions like hurricanes, tornadoes and other severe weather conditions in the region. You can prepare for emergencies by obtaining appropriate coverage for them.


Do You Need Flood Insurance in Arkansas?This is an icon

Approximately 191,600 — or 10.1% — of homes in Arkansas, are vulnerable to flood damage. As providers may not offer flood insurance, you should try to obtain government-supported National Flood Insurance Program (NFIP) coverage if your community is eligible. You should also consider getting an additional private policy to boost your coverage.

Do You Need Hail Insurance in Arkansas?This is an icon

Arkansas ranks sixth among U.S. states for several hail events. Therefore, residents of this state should get suitable insurance protection to prepare for hail events.

Methodology

MoneyGeek analyzed homeowners insurance premiums from 16 of the top insurance companies in Arkansas that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Arkansas. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $100,000, liability coverage of $100,000 and personal property coverage of $100,000.

Sources