The Best Homeowners Insurance Companies in Arkansas (2022)

When looking for the best home insurance companies in Arkansas, factors like customer service ratings, affordability, claims experience and financial stability are important. To find the best options for homeowners in Arkansas, MoneyGeek ranked insurance companies based on these factors and found that State Farm offers the best home insurance in the state. That said, the best option for you may be different depending on your specific needs.

REVIEW HOME INSURANCE RATES

Insurance Rates

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

widget-location-pin
Advertising & Editorial Disclosure
Last Updated: 6/22/2022
Written By     |  

Your needs and circumstances as a homeowner will determine what type of policy coverage is right for you. To find the company that best caters to your needs, MoneyGeek rated the best home insurance companies in Arkansas for different types of homeowners and reviewed the available coverage and discounts.

While State Farm is the best company overall, Auto-Owners Insurance Co is the best for service quality.

MoneyGeek also analyzed the cheapest homeowners insurance providers in Arkansas for those more concerned with saving on their monthly bill.

iconribbonBesthome insuranceArkansas2022

The Best Homeowners Insurance in Arkansas

The Best Overall Homeowners Insurance Companies in Arkansas

Homeowners insurance will help protect your hard-earned assets and belongings. MoneyGeek evaluated insurers in the state based on affordability, claims reputation, customer satisfaction and financial stability to help you find the best rated home insurance companies in Arkansas.

Based on these factors, the companies offering the best home insurance in Arkansas are:

  • State Farm: MoneyGeek score of 86 out of 100
  • Nationwide: MoneyGeek score of 84 out of 100

USAA got the highest score of 99 out of 100 but was excluded from the rankings because it only caters to military families.

MoneyGeek broke down unique coverages and discounts to show how State Farm and Nationwide got the highest ratings in Arkansas.

The Top Home Insurance Companies in Arkansas

1
State Farm
Score:86

4.7/5

Affordability

4/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

State Farm got the highest score among all widely available companies evaluated by MoneyGeek. It tied first in financial stability, third in customer satisfaction and fifth in affordability. The average cost of a State Farm policy is $1,680 per year.

More About State Farm

Despite not having the cheapest average rate, State Farm’s unique coverage offerings and high-quality service helped it rank first in Arkansas. For instance, you can get property and liability coverage when you rent out your home temporarily for more than 30 nights in a year. This coverage is not often offered by other insurance companies.

Read MoneyGeek's State Farm home Insurance Review
2
Nationwide
Score:84

4.8/5

Affordability

3.9/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Nationwide scored high across all categories, except on customer satisfaction. It ranked second in affordability. On average, Nationwide policies cost $1,317 per year. It offers unique coverages like better roof replacement.

More About Nationwide

The company has optional coverage offerings that may not be available in other insurance companies. An example is the better roof replacement coverage, which pays for the replacement of your roof with stronger and safer materials if it gets damaged due to a covered incident. You can also get additional coverage for water damage due to sump pump overflow or sewer back-ups.

Read MoneyGeek's Nationwide home Insurance Review
tip icon
HOW WE DETERMINED THE BEST ARKANSAS HOME INSURANCE

MoneyGeek collected quotes from various providers across the country to determine the best home insurance on a national level and in Arkansas. These rates were balanced against property claims ratings and customer satisfaction scores from J.D. Power.

Keep in mind that insurance rates and customer experience may vary depending on your circumstances. Read MoneyGeek’s methodology for more information.

The Best Homeowners Companies in Arkansas for Service Quality

MoneyGeek rated the best home insurance companies in Arkansas based almost entirely on claims experience and customer satisfaction for individuals who value service quality more than cost.

Based on MoneyGeek’s analysis, the top-rated companies are:

  • Auto-Owners Insurance Co: MoneyGeek score of 89 out of 100
  • Nationwide: MoneyGeek score of 81 out of 100

USAA was excluded for this analysis. Despite getting the highest score of 100, USAA is only available to military families.

MoneyGeek outlined unique offerings from Auto-Owners Insurance Co and Nationwide to help you better understand why these two ranked the highest for service quality.

The Top Home Insurance Companies in Arkansas for Quality Service

1
Auto-Owners Insurance Co
Score:89

4.8/5

Claims

4/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Auto-Owners Insurance Co is the best rated home insurance company in Arkansas. It ranked second overall for claims experience. That means customers report receiving great service when making a claim.

More About Auto-Owners Insurance Co

The company ranks first in Arkansas for homeowners who are more concerned about service quality than cost. It offers rare coverages like the specialty vehicle, which protects your boats, ATVs and off-road vehicles when added. You can also add optional coverage for damage to underground piping or wiring that connect your home to public utilities and private systems.

Read MoneyGeek's Auto-Owners Insurance Co home Insurance Review
2
Nationwide
Score:81

4.4/5

Claims

3.6/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Nationwide ranked high in claims, meaning it is regarded as providing customers with a good service experience when making a claim in a time of need. You can also get additional coverage like extended reimbursement.

More About Nationwide

Buying the extended reimbursement coverage will extend your policy coverage and include damages to certain service lines. You can also get protection against expenses incurred due to identity theft. The company also has discount programs like the home buyer discount, which is given to individuals with homes bought within the last 12 months.

Read MoneyGeek's Nationwide home Insurance Review

The Best Homeowners Companies in Arkansas on a Budget

MoneyGeek scored the top insurers for individuals looking for the best home insurance in Arkansas but want affordable rates.

The companies with the highest MoneyGeek scores for affordability are:

  • Travelers: MoneyGeek score of 91 out of 100
  • Nationwide: MoneyGeek score of 90 out of 100

Generally, USAA is the highest-ranking company for affordability. It got a score of 98 out of 100. However, it was excluded in the rankings because it only offers policies to military families.

The average cost of Travelers policies is $988 per year, while the average rate for a Nationwide policy is $1,317 annually. To understand why Travelers was given the highest rating, MoneyGeek broke down some of its unique coverages and discounts.

The Top Home Insurance Companies in Arkansas on a Budget
Travelers

pros

This is an icon

Home insurance coverage is at an affordable $988 per year on average

This is an icon

Discounts for homes purchased within 12 months of policy start date, those with protective devices and for remaining claims free

cons

This is an icon

Does not offer discounts for homes under renovation

This is an icon

MoneyGeek satisfaction rating of 3.55 out of 5

COMPANY HIGHLIGHTS

Travelers got a MoneyGeek score of 91 out of 100 for affordability. It offers the most affordable policy at an average rate of $988 per year. Additionally, policyholders can also enjoy saving opportunities through the company’s different discount programs. For instance, you can get a discount for installing protective devices in your home. If you remain claims free for a certain period, you may qualify for a discount.

The company also offers more unique discounts. For example, you can get a discount if you have purchased your home within 12 months prior to the policy start date.

The Best Homeowners Companies in Arkansas for Expensive Homes

MoneyGeek also rated the best home insurance companies in Arkansas for people with expensive homes. Using insurance quotes for $2 million homes and customer satisfaction ratings, MoneyGeek found the top options for high-value homes in the state.

The highest-scoring companies are:

  • State Farm: MoneyGeek score of 85 out of 100
  • Allstate: MoneyGeek score of 82 out of 100

USAA is the top-ranking company in the state with a score of 100. However, it was not included in the analysis because it only caters to military families.

MoneyGeek evaluated State Farm coverages to determine the reasons why it ranked the highest for expensive homes in Arkansas.

The Top Home Insurance Companies in Arkansas for High-Value Homes
State Farm

pros

This is an icon

MoneyGeek satisfaction rating of 4.09 out of 5

cons

This is an icon

Does not offer extended reimbursement and content replacement cost coverage

This is an icon

It ranks fifth in affordability out of the seven companies MoneyGeek evaluated

COMPANY HIGHLIGHTS

State Farm ranked best among the widely available insurers in Arkansas for expensive homes. While it does not have the most affordable price, it offers quality service.

Additionally, the company offers coverages that are beneficials for high-value homeowners. These include the following:

  • Cyber Event / ID Theft: You can get optional coverage that will pay for expenses should you fall victim to identity theft and/or cyber attacks.
  • Scheduled Personal Property: State Farm policyholders have the option to add coverage that will increase the limits for their valuable items.

The Best Homeowners Companies in Arkansas for Veterans

If you are from a military family, you may want to consider USAA. Based on MoneyGeek’s analysis, USAA is the best home insurance company in Arkansas for veterans, active-duty military members or their families. It got a MoneyGeek score of 99 out of 100. It has an average rate of $1,438 per year.

Aside from offering affordable rates and quality customer service, USAA also tailors its services to military families.

The Top Home Insurance Companies in Arkansas for Veterans
USAA

pros

This is an icon

Coverage is tailored to military families and their needs

This is an icon

MoneyGeek satisfaction score of 5 out of 5

This is an icon

MoneyGeek affordability score of 4.8 out of 5

cons

This is an icon

Not available for people who do not have a military background

COMPANY HIGHLIGHTS

USAA got high ratings in all categories. It also usually ranks above other insurance providers in Arkansas. Additionally, its services are tailored to fit the needs of military families.

The company also offers additional coverage and saving opportunities. For example, you can get home rental coverage if you are renting out your home. Policyholders also enjoy contents replacement cost coverage, which is included in USAA policies. This coverage offers reimbursements for your belongings based on current replacement cost with no depreciation. If you have protective devices installed in your home, you may qualify for a discount.

The Best Homeowners Companies in Arkansas for Bundling

If you are also looking for the best auto insurance in Arkansas, consider bundling your home and car insurance policies.

MoneyGeek found that the top companies for home and auto insurance bundles in Arkansas are:

  • State Farm: MoneyGeek score of 86 out of 100
  • Allstate: MoneyGeek score of 81 out of 100

Getting both insurance policies from one company will not only help you get significant discounts, it also makes it easier to manage your policies.

The Top Home Insurance Companies in Arkansas for Bundling
State Farm

pros

This is an icon

Home MoneyGeek score of 4.31 out of 5

This is an icon

30% bundling discount

cons

This is an icon

Auto MoneyGeek score of 3.98 out of 5

COMPANY HIGHLIGHTS

While State Farm scored low for auto insurance, it rated 4.31 out of 5 for home insurance s high rating for home insurance and you can get up to a 30% bundling discount.

The company also offers unique coverages for individuals who bundle auto and home insurance policies. For example, you can opt to buy home systems protection. This will pay for expenses incurred due to abrupt and accidental mechanical or electrical breakdown of any permanently installed equipment.

You can also add rental car coverage to your auto insurance policy. With this, State Farm will pay for car rental expenses, travel expenses and deductible based on the chosen limit and amount if you get in an at-fault accident while driving your rental car.

How to Find the Best Home Insurance in Arkansas

In finding the best home insurance companies in Arkansas, MoneyGeek evaluated insurance rates, service reputation and financial stability. You can also go through the process yourself and do the research on the insurers you are interested in.

1

Research Customer Service Reputations in Arkansas

Customer service reputation is an important consideration when choosing an insurance company. MoneyGeek looked up this information for you. But if you want to learn more about a company, look for its J.D. Power satisfaction score and NAIC complaint ratio in your state. You may also find more information through the Arkansas Insurance Department’s site.

2

Compare Quotes for Yourself

MoneyGeek collected insurance quotes using sample driver profiles. Actual insurance rates may differ depending on your circumstances and needs. To have a better idea on how much insurance costs for you, compare quotes from at least three insurance providers.

3

Make Sure the Company Has Coverages You Want in Arkansas

Depending on where you live, some coverages and discounts advertised by insurance companies may not be available. Make sure you confirm with insurance providers first if the features you are interested in are offered in your area.

4

Double-Check Financial Stability Ratings

It would also help to check the financial strength rating of insurers. This way, you will know if they are capable of paying for claims you make. Regional insurance companies in Arkansas may have lower ratings than larger companies that are financially stronger and more stable.

FAQs About the Best Home Insurance in Arkansas

Generally, the best home insurance in Arkansas will depend on your needs. Review the following frequently asked questions to get a better understanding on homeowners insurance.

Methodology

MoneyGeek scores for homeowners insurance in Arkansas were calculated by using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, real homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections focused on affordability and service experience specifically.

MoneyGeek analyzed homeowners insurance quotes from 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.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.