Updated: March 11, 2026
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Arkansas's best renters insurance: State Farm
Most affordable renters insurance in Arkansas: Farm Bureau
Typical renters insurance rate in Arkansas: $246 per year
With a MoneyGeek score of 4.8 out of 5, State Farm ranks as Arkansas's best renters insurance provider at $13 per month. The company leads for its customer experience and coverage.
These five companies earned the top MoneyGeek scores for renters insurance in Arkansas:
| State Farm | 4.8 | $13 | $161 |
| Farm Bureau | 4.64 | $8 | $94 |
| Auto-Owners Insurance | 4.64 | $19 | $226 |
| Lemonade | 4.58 | $14 | $165 |
| Nationwide | 4.53 | $12 | $145 |
*Rates for renters aged 26 to 64 with good credit and no claims history. Policy includes $20,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible.
Best for Arkansas Renters
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
Arkansas renters can pay as little as $8 per month through Farm Bureau for $20,000 in personal property coverage. That's $13 less per month than Arkansas's $21 average, saving you $156 per year compared to the state average.
The 10 most affordable companies range from $8 to $54 monthly for the same coverage. Seven of 10 insurers charge less than Arkansas's $21 state average.
| Farm Bureau | $8 | $-13 |
| USAA | $12 | $-8 |
| Nationwide | $12 | $-8 |
| State Farm | $13 | $-7 |
| Lemonade | $14 | $-7 |
| Allstate | $16 | $-5 |
| Auto-Owners Insurance | $19 | $-2 |
| Shelter Insurance | $22 | $1 |
| Farmers | $36 | $15 |
| Travelers | $54 | $34 |
At $246 annually, Arkansas renters pay about $21 per month for renters insurance, which runs $5 above the national average of $16. The state's tornado activity and higher urban crime rates create more property damage and theft claims for insurers. These conditions in Arkansas push premiums above the national norm.
Mountainburg offers the most affordable renters insurance in Arkansas at $20 monthly ($239 annually), while Little Rock has the highest average at $21 per month ($257 annually). Most cities stay close to the state's $21 average, with local factors like crime rates and weather exposure accounting for the minor differences.
| Conway | $20 | $239 |
| Hatfield | $20 | $240 |
| Little Rock | $21 | $257 |
| Mountainburg | $20 | $239 |
Farm Bureau offers the most affordable renters insurance across most coverage levels in Arkansas. It's the cheapest choice for $20,000 and $100,000 in personal property coverage, both carrying $100,000 in liability limits. The exception is the $250,000 tier, where State Farm offers the lowest rate at $35 monthly for $250,000 in personal property coverage and $300,000 in liability protection.
| $20K Personal Property / $100K Liability | Farm Bureau | $8 |
| $50K Personal Property / $100K Liability | USAA | $17 |
| $100K Personal Property / $100K Liability | Farm Bureau | $24 |
| $250K Personal Property / $300K Liability | State Farm | $35 |
Getting the right coverage starts with knowing your coverage options, estimating your property value and shopping around for quotes.
Comparing quotes saves money on renters insurance. Farm Bureau charges $8 per month for $20,000 in coverage while Travelers charges $54 for identical protection. Getting quotes from at least three insurers reveals a $46 monthly difference and helps you find the lowest rate.
Pairing your renters and auto insurance with one company usually saves 10% to 25% on both premiums. State Farm and Auto-Owners provide bundling discounts that cut your total insurance expenses while consolidating your billing into one convenient payment.
Higher deductibles result in lower monthly premiums, but you'll cover more expenses when filing claims. Before raising your deductible, verify your emergency fund can handle the increased out-of-pocket costs if you need to file a claim.
Many discounts won't apply automatically, so ask what you qualify for. Arkansas insurers commonly offer savings for security systems, smoke detectors, automatic payments and claims-free records. State Farm also provides good student discounts for renters under 25 maintaining B averages or higher.
Most Arkansas landlords require at least $100,000 in liability coverage, though the state doesn't mandate renters insurance by law. Factors like pet ownership, credit score and rental history affect your coverage requirements. Your property value, local weather risks and crime rates should inform your coverage limits.
Use our calculator below to find out how much renters insurance you need.
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.
Clothes, shoes, bags, belts, hats, gloves, etc.
Review our experts' answers to frequently asked questions below:
State Farm earns the top spot for renters insurance in Arkansas with a MoneyGeek score of 4.8 out of 5. At $13 monthly, it offers high customer satisfaction at affordable rates.
Arkansas renters insurance costs $21 monthly or $246 annually for $20,000 in personal property coverage. The state's rates run $5 above the national average of $16 per month because of severe weather risks like tornadoes and higher property crime rates in metro areas.
Renters insurance with $100,000 in personal property coverage costs $57 per month or $678 annually in Arkansas on average. Farm Bureau provides the most affordable option at $24 monthly for this coverage level. Since most renters select $20,000 to $50,000 in coverage, the $100,000 tier works best for those with high-value belongings or collectibles.
Arkansas doesn't legally require renters insurance, but most landlords mandate at least $100,000 in liability coverage as part of your lease agreement. Your landlord's specific requirements may vary based on your rental history, credit score and pet ownership. Always review your lease to understand the exact coverage requirements.
We analyzed Arkansas renters insurance companies to find insurers with affordable rates and excellent service.
We gathered quotes for renters with this profile:
Affordability accounted for 50% of each company's score. Customer satisfaction from industry research made up 40%. Add-on coverage options contributed 10%. Companies with the highest combined scores across all factors earned spots on our list of Arkansas's best renters insurance providers.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
