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Motorcycle Insurance in Arkansas: The Cheapest Quotes and Best Companies
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The Cheapest Motorcycle Insurance in Arkansas
Minimum liability coverage might cost less than full coverage, but it offers scant protection after an accident. Though costlier, it’s better to opt for full coverage with comprehensive and collision insurance to enhance your liability limits. MoneyGeek’s research used rates for a safe rider with a 50/100/25 liability-only coverage policy.
Cheapest Liability-Only Motorcycle Insurance Quotes in Arkansas
On average, the most affordable firms for a safe biker with liability-only motorcycle insurance in Arkansas are:
- Markel: $68 per year
- Progressive: $75 per year
The least expensive carrier, Markel, offers rates that are 42.8% cheaper than the costliest provider, Harley-Davidson.
Average Annual Premium for Liability Coverage
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- CompanyAnnual Premium
- 1.Markel$68
- 2.Progressive$75
- 3.GEICO$99
- 4.Nationwide$100
- 5.Dairyland$105
Cheapest Full Coverage Motorcycle Insurance Quotes in Arkansas
Bikers making payments for their motorcycle insurance will likely need full coverage insurance. Full coverage with collision and comprehensive insurance offers greater protection than a liability-only plan and can shield you and your bike from non-collision incidents.
MoneyGeek’s data shows that the least expensive motorcycle insurance providers in Arkansas for a safe biker with a full coverage policy, including 50/100/25 coverage and a $500 deductible, are:
- Dairyland: $188 per year
- Harley-Davidson: $220 per year
Dairyland’s rates are 79.8% more affordable than those of the most expensive provider, Nationwide.
Average Annual Premium for Comprehensive and Collision
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- CompanyAnnual Premium
- 1.Dairyland$188
- 2.Harley-Davidson$220
- 3.Progressive$269
- 4.Markel$412
- 5.GEICO$450
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What Is the Average Motorcycle Insurance Cost in Arkansas?
Motorcycle insurance rates in Arkansas depend on a range of factors, including the rider’s age, riding record, years of riding experience, bike model and coverage amounts. MoneyGeek found average premium costs from leading providers in the state for various rider profiles.
Riders in Arkansas pay an average of $411 per year or $34 per month for a full coverage policy. This rate is $48 more expensive than the national average.
For a liability-only plan, bikers pay $94 per year or $8 per month, a rate $47 cheaper than the national average. Keep in mind that minimum coverage won’t cover your medical expenses or bike repair costs if you’re the one at fault in an accident.
The rates provided in this analysis are based on average quotes for a policy with $50,000/$100,000 of bodily injury liability coverage, $25,000 in property damage liability insurance and a $500 deductible.
Car Insurance Costs by Coverage Type
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- Policy TypeAverage 12-Month Cost in ArkansasAverage 12-Month National CostVariance
- Full Coverage$411$364$48
- Liability Only$94$141-$47
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The Best Motorcycle Insurance Companies in Arkansas
MoneyGeek ranked motorcycle insurance companies in Arkansas based on a comprehensive scoring system that assesses each provider’s products and services, financial stability and affordability. According to these metrics, Progressive is the highest-scoring motorcycle insurance provider in the state.
According to MoneyGeek’s study, the following three companies are the best motorcycle insurance carriers in Arkansas:
1
Progressive
Score:94
Pros
- 24/7 claims service
- Loyalty rewards for long-term policyholders
- An array of coverage options
Cons
- Do not offer breakdown coverage
- Prices can be expensive
- Average customer satisfaction scores
More About Progressive
Progressive wins out as the best provider in Arkansas with a MoneyGeek score of 94.04 out of 100. This carrier charges $75 per year for liability-only coverage and $269 for full coverage.
Progressive offers comprehensive motorcycle insurance coverage, including full replacement expenses on parts that have reduced in value. Both casual riders and collectors can easily customize coverage with this provider to meet their needs. The company also stands out for its original equipment manufacturer (OEM) parts coverage.
2
Markel
Score:90
Pros
- 24/7 claims support
- Multiple discounts
- Useful add-ons
Cons
- Doesn't offer auto insurance
- Only serves 48 states
- Limited tools for users
More About Markel
Markel is the runner-up in Arkansas with a score of 90.37. This provider’s average annual rates for liability-only coverage are $68, and its full-coverage policy premiums are $412.
Markel offers extra features to its policyholders apart from standard coverages such as comprehensive and collision and liability coverage. For example, its rental reimbursement plan covers the cost of a rental vehicle if your bike becomes unusable after a covered accident. Other unique features include mechanical breakdown coverage and coverage for motorcycle trailers. Policyholders can also add coverage for bike accessories and roadside assistance.
3
Dairyland
Score:88
Pros
- 24/7 claims processing and roadside help
- Covers high-risk riders
- Free SR-22 offered to customers
Cons
- Not available in all states
- High volume of complaints
- Limited number of discounts compared to competitors
More About Dairyland
With a score of 88.38, Dairyland takes third place in Arkansas. For liability-only coverage, this carrier charges an average of $105 per year. The company’s average annual rate is $188 for a full coverage policy.
Dairyland offers comprehensive motorcycle insurance coverage that includes add-ons such as replacement coverage for vehicles up to three years old, rental reimbursement, trip interruption benefit, towing and roadside assistance. Apart from regular coverage, this company offers extra features like guest passenger and special equipment coverages. Policyholders can save on their premiums with homeowner, multi-cycle, rider safety course, policy transfer, rider group and loyalty rebate discounts. Flexible payment choices make it easy for customers to pay their policies with ease.
How to Get a Motorcycle Insurance Quote in Arkansas
Comparing quotes from multiple providers can help you find the cheapest motorcycle insurance in Arkansas. Get an online quote by providing the following:
- Your birthdate
- Riding record
- Arkansas address and ZIP code
- Vehicle year, make and model
- Insurance coverage elections (see below for more information)
Compare Motorcycle Insurance Rates
Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.
How Much Motorcycle Insurance Coverage Do You Need in Arkansas?
Arkansas stipulates that bikers should have minimum coverage when they ride their vehicle. The state’s minimum coverage regulations include:
- $25,000 bodily injury liability per person (BI)
- $50,000 bodily injury liability per accident
- $25,000 property damage liability (PD)
- Personal injury protection (PIP)
How Much Insurance Coverage Is Required in Arkansas?
In Arkansas, the minimum liability-only coverage standard for all motor vehicles is 25/50/25. This means your motorcycle insurance in Arkansas should have liability limits of at least $25,000 for bodily injury per person, with a total of $50,000 per accident and $25,000 for property damage liability coverage. Your insurer will need to meet these coverage limits in an at-fault accident.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Arkansas?
Arkansas mandates that bike riders should have PIP coverage in addition to bodily injury and property damage coverage. However, underinsured motorist and uninsured motorist coverages are not compulsory. You can add these features to your policy to enhance your protection.
MONEYGEEK EXPERT TIP
MoneyGeek recommends that motorcyclists in Arkansas buy a full-coverage insurance plan of at least 50/100/25. While this is the bare minimum we recommend, we encourage riders to obtain 100/300/100 coverage, which comes with considerable coverage at a small additional cost. This state also requires PIP coverage, so be sure to purchase at least the state minimum.
Frequently Asked Questions About Motorcycle Insurance in Arkansas
MoneyGeek answered frequently asked questions to help riders find the best motorcycle insurance in Arkansas.
Compare Motorcycle Insurance Rates
Ensure you're getting the best rate for your motorcycle insurance. Compare quotes from the top insurance companies.
Methodology
MoneyGeek collected the information on this page from dependable government sources. We gathered rates from multiple providers based on different coverage amounts and rider profiles to help users find the most suitable carrier for their needs. The best motorcycle insurance providers in Arkansas were ranked based on three factors: AM Best’s financial stability metrics (10% weightage), products and services offered (30% weightage) and policy cost in Arkansas (60% weightage).
About Mark Fitzpatrick
sources
- Arkansas.gov. "Auto Insurance." Accessed May 1, 2023.
- Insurance Information Institute. "2020 Insurance Fact Book." Accessed May 7, 2021.
- J.D. Power. "2020 U.S. Auto Claims Satisfaction Study." Accessed May 7, 2021.