State Farm, Nationwide and Auto-Owners are Arkansas' best cheap renters insurance companies. State Farm has the most affordable rates, while Nationwide offers the best coverage options. Auto-Owners provides a good balance of affordability and coverage.
Cheap Renters Insurance in Arkansas
Updated: April 22, 2025
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Key Takeaways
State Farm is Arkansas' best overall renters insurance company, offering the cheapest policy at $251 annually.
Renters insurance in Arkansas averages $32 per month, but the cost ranges from $21 to $44.
To get the best and most affordable renters insurance, determine your coverage needs first, research costs and compare multiple quotes.
Arkansas Renters Insurance Quote Estimates
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Rates updated:
Apr 24, 2025
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Best Cheap Renters Insurance Companies in Arkansas
| State Farm | 95 | $21 | $251 |
| Nationwide | 93 | $35 | $424 |
| Auto-Owners | 88 | $44 | $531 |
| Encompass | 83 | $23 | $276 |
| Shelter | 79 | $43 | $515 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Arkansas
While the list above covers most renters, it may not reflect the best options for your needs. Below is a filterable table tailored to match your profile, helping you find the best choice in Arkansas.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier:Good
| State Farm | 95 | $14 | $166 |
| Nationwide | 93 | $20 | $243 |
| Auto-Owners | 86 | $29 | $346 |
| Encompass | 82 | $18 | $211 |
| Shelter | 80 | $22 | $260 |
Best Arkansas Renters Insurance Reviews
Below are more details about our top picks for affordability, customer service and coverage options for renters insurance in Arkansas.
State Farm: Most Affordable Plans
pros
Most affordable rates
Largest discount offering selection
Strong coverage add-ons
cons
Below-average customer satisfaction scores
COMPANY HIGHLIGHTS
State Farm offers the lowest overall rates for renters in Arkansas, starting at $21 per month. Renters can also take advantage of its home computer coverage, identity theft restoration and earthquake and sinkhole coverage.
Auto-Owners: Best for Customer Service
pros
High claims satisfaction ratings
Affordable rates and good coverage
cons
Limited availability
No online quotes
COMPANY HIGHLIGHTS
Auto-Owners offers a good balance of affordable rates and coverage options while excelling in customer service. It ranks fourth overall in claims satisfaction, according to J.D. Power. The company provides unique add-ons like its Renters Plus coverage, including water/sewer backup protection, refrigerated food loss and lock replacement.
Nationwide: Best for Coverage Options
pros
Affordable rates for higher coverage
Most extensive add-on coverage selection
High claims satisfaction ratings
cons
Lower than average overall customer satisfaction ratings
Less affordable for lower property damage coverage levels
COMPANY HIGHLIGHTS
Nationwide earned our second spot for best overall renters insurance in Arkansas, with balanced rankings in affordability, coverage and customer service. It ranks sixth out of 18 for claims satisfaction, according to J.D. Power. Nationwide offers credit card coverage and add-ons to replace selected personal property up to its actual cash value.
Average Cost of Renters Insurance in Arkansas
Renters insurance costs about $32 monthly in Arkansas, $12 higher than the national average of $20. These rates reflect policies with $50K in personal property coverage, $100K in liability limits and a $1,000 deductible.
Your actual rate may vary based on your profile. Check our table below to see major factors affecting renters insurance premiums and find average costs for your profile.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement:Covered
| $50K Personal Property / $100K Liability | $32 | $381 |
Arkansas Renters Insurance: Buyer's Guide
Searching for renters insurance in Arkansas can be overwhelming with so many choices. This guide will help you find coverage that fits your needs.
How to Find the Best Cheap Renters Insurance in Arkansas
With so many options, finding the best and cheapest policy for your needs can be challenging. Follow this step-by-step guide to choose the right coverage for your profile.
- 1
Determine the right coverage level
Identify the belongings you want insured and their value. Consider risks like weather damage, crime and potential pet liabilities.
- 2
Research costs and discounts
Find out the average costs for your coverage needs to establish a comparison baseline. Research potential discounts that might lower your rates.
- 3
Compare providers
Research providers' reputations, costs and coverage options. This helps narrow your choices to those most suitable for your needs.
- 4
Consider bundling
Check if your auto insurance provider offers savings when bundling with renters insurance. Bundling can offset costs through discounts on your auto policy.
- 5
Compare multiple quotes through different channels
Collect at least five quotes with matching coverage levels. Use online sites, insurance websites, brokers and phone consultations to find the best deals.
- 6
Compare rates annually
Insurance costs change, so reassess your provider yearly. Regular comparisons ensure you maintain the most affordable premium as the market changes.
How Much Renters Insurance Do I Need in Arkansas?
Renters insurance isn't required by law in Arkansas, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit and pet ownership. Consider how much property you want covered, weather risks, crime in your area and if you own a pet.
Use our calculator below to determine your ideal personal property limits and how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Arkansas Renter Risk Considerations
Arkansas renters face certain risks that may require additional insurance coverage:
- Weather risks: Storms and flooding are Arkansas' most common natural disasters. The state also faces a high risk of tornadoes and wildfires in some areas. Standard coverage may not cover these threats. You might need separate policies for complete protection.
- Crime risks: Arkansas ranks fifth nationwide for property crime rate and 25th for identity theft and fraud. Consider add-ons or supplemental property damage coverage.
- Pet ownership: You might need pet liability coverage depending on your pet. Check how different providers handle pet coverage and whether it's included in standard policies.
- Property types: Standard policies may not fully cover special tools, valuables, electronics or structures like pools on rented property. Look for companies offering specific add-ons for these items.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers damage to your property, liability for harm to others and loss of use related to your rental home. Additional coverage options can make your policy more comprehensive. Common types of renters insurance coverage include:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Reimburses you for personal property within your rental up to a specified limit. Without replacement cost coverage, reimbursement is based on the item's actual cash value, not the original purchase price. Replacement cost coverage ensures you receive a new item of a similar kind and quality. | |
Standard | Protects you if someone is injured on your property. It covers medical expenses and legal costs and is often required by landlords. | |
Additional living expenses | Standard | Helps with expenses like meals, lodging and transportation if you lose access to your rental home. Depending on the insurer, the limit is either a percentage of your personal property coverage or a flat amount. |
Natural disasters | Add-on | Covers personal property damage caused by earthquakes and floods. Separate policies for these disasters are available through select providers. |
Parts/Equipment | Add-on | Separate policies that cover tools, appliances and utilities in your rental home |
Scheduled property | Add-on | Allows you to insure certain valuable items up to a specified limit |
Identity theft | Add-on | Protects you financially from identity theft, covering stolen funds and legal costs. Some policies also offer monitoring services to help prevent identity theft. |
Pet liability | Add-on | Protects against injuries caused by your pet on your rental property, though a standard policy may cover this |
Modifications | Add-on | Covers parts of your rental property that aren't original, including custom additions and modifications |
Food loss | Add-on | Reimburses you for food lost due to covered incidents |
Best Renters Insurance in Arkansas: Bottom Line
Arkansas' best and cheapest overall renters insurance companies are State Farm, Auto-Owners and Nationwide. While we recommend these options, research and compare multiple companies and quotes to get the best deal.
Renters Insurance in Arkansas: FAQ
Review our experts' answers to frequently asked questions below:
What is the cheapest renters insurance company in Arkansas?
State Farm offers the cheapest renters insurance in Arkansas, with an average annual premium of $251 or $21 per month.
What is the best renters insurance company in Arkansas?
State Farm is Arkansas' best renters insurance company, with a MoneyGeek score of 95 out of 100 due to its excellent balance of affordability and customer satisfaction.
How much does renters insurance cost in Arkansas?
The average cost of renters insurance in Arkansas is $381 per year or $32 per month, which is 57% above the national average. Annual premiums range from $251 to $531.
Is renters insurance required in Arkansas?
Renters insurance isn't legally mandated in Arkansas, but your landlord may require it. Evaluating your needs and circumstances can help determine whether buying a policy is right for you. Some reasons to get renters insurance include financial protection against common perils and liability costs of third-party injuries.
How We Found the Best Cheap Renters Insurance Companies
We based our affordability score (60% of the total score) on quotes for a profile with:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
Our complete scoring also considered:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- Arkansas Division of Emergency Management. "Threats and Hazards." Accessed April 21, 2025.
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed April 21, 2025.
- U.S. News. "Low Property Crime Rate." Accessed April 21, 2025.