Best and Cheapest Renters Insurance in Little Rock, AR (September 2024)


Updated: September 12, 2024

The best renters insurance company in Little Rock, Arkansas is Nationwide with a MoneyGeek score of 96 and an annual premium of $126. The cheapest renters insurance provider is Shelter with an annual premium of $121 and a MoneyGeek score of 90. The best homeowners insurance provider should offer a balance of customer service with affordability.

Depending on your needs, other providers may be best. Travelers excels in service quality with an annual premium of $476. MoneyGeek also looked into the best and cheapest renters insurance in Arkansas for those who live elsewhere in the state.

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MoneyGeek Logo IconBest & CheapestRentersLittle Rock, AR
2024

Why Trust MoneyGeek? To determine the best renters insurance in Little Rock, Arkansas, we evaluated data from the Colorado Department of Insurance and Quadrant Information Services.

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Renters insurance premiums in Little Rock represent the most competitive estimates as of September 2024.

2,880Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Little Rock, AR

The best renters insurance in Little Rock, Arkansas, is Nationwide, with a MoneyGeek score of 96 out of 100 and an annual premium of $126. The following providers are the two best renters insurance providers in Little Rock for a policy with $20,000 in personal property coverage, $100,000 in personal liability and a $1,000 deductible.

  • Nationwide: MoneyGeek score of 96 out of 100 ($126 per year)
  • State Farm: MoneyGeek score of 94 out of 100 ($130 per year)

The best provider in the state is one that balances both cost and affordability. Nationwide has perfectly balanced customer satisfaction and affordability, with an affordability score of 54 out of 55.

Company logo for Nationwide
Best OverallNationwide
MoneyGeek Score:
96/ of 100

Overview

Nationwide ranks first in coverage in Little Rock, Arkansas, with an annual premium of $126.

Nationwide offers valuable coverages like credit card forgery and theft from vehicles. Credit card forgery pays for unauthorized transactions on your credit cards and bank debit/ATM card, including forged checks and counterfeit money. Theft from Vehicles provides extended protection for personal belongings stored in or on any motor vehicle, trailer, or watercraft, ensuring your items are covered even when you're on the go.

Best Renters Insurance in Little Rock, AR
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score96Annual Premium$ 126
State FarmMoneyGeek Score94Annual Premium$ 130
Auto-Owners InsuranceMoneyGeek Score89Annual Premium$ 166
ShelterMoneyGeek Score84Annual Premium$ 121
EncompassMoneyGeek Score82Annual Premium$ 142
FarmersMoneyGeek Score75Annual Premium$ 268
TravelersMoneyGeek Score61Annual Premium$ 476

Cheapest Renters Insurance in Little Rock, AR

Shelter offers the cheapest renters insurance in Little Rock, Arkansas, with an annual premium of $121 for $20,000 in personal property coverage. Personal property coverage protects your belongings, such as furniture, electronics, and clothing, against risks like theft or damage. The following providers are the top two cheapest providers in Little Rock for $20,000 in personal property coverage and a $1,000 deductible, with MoneyGeek rating the cheapest renters insurance in Little Rock with minimal consideration for customer service.

  • Shelter: $121 per year
  • Nationwide: $126 per year

Cheap renters insurance policies often come with low personal property coverage limits. While this can keep your monthly costs down, opting for higher coverage limits can better protect you if you have many personal belongings.

Cheapest Renters Insurance in Little Rock, AR
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
ShelterMoneyGeek Score90Annual Premium$ 121
NationwideMoneyGeek Score97Annual Premium$ 126
State FarmMoneyGeek Score96Annual Premium$ 130
EncompassMoneyGeek Score88Annual Premium$ 142
Auto-Owners InsuranceMoneyGeek Score90Annual Premium$ 166
FarmersMoneyGeek Score73Annual Premium$ 268
TravelersMoneyGeek Score49Annual Premium$ 476

Cheapest Renters Insurance With a High Deductible Little Rock, AR

In Little Rock, Arkansas, Encompass offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible, with an annual premium of $104. The two cheapest providers are:

  • Encompass: $104 per year
  • Nationwide: $107 per year

A deductible is the amount you pay out of pocket before your insurance kicks in and can affect your rates. A higher deductible often leads to cheaper premiums, while a lower deductible means higher premiums. It's important to balance both to ensure you can afford the deductible if you need to file a claim.

Cheapest High Deductible Renters Insurance in Little Rock, AR
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
EncompassMoneyGeek Score84Annual Premium$ 104
NationwideMoneyGeek Score96Annual Premium$ 107
ShelterMoneyGeek Score83Annual Premium$ 112
State FarmMoneyGeek Score93Annual Premium$ 125
Auto-Owners InsuranceMoneyGeek Score88Annual Premium$ 153
FarmersMoneyGeek Score75Annual Premium$ 225
TravelersMoneyGeek Score61Annual Premium$ 410
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HOW TO SET YOUR DEDUCTIBLE

When selecting a deductible, make sure it is an amount you can afford to pay out-of-pocket if you need to file a claim. Choosing a higher deductible can lower your premium, resulting in potential cost savings while still providing adequate coverage.

Best Renters Insurance for Customer Service in Little Rock, AR

Travelers is the best renters insurance company for service quality in Little Rock, Arkansas, with an annual premium of $476. The following providers are the top two best in Little Rock, Arkansas, for a policy with $20,000 in personal property coverage, for those who value great customer service without considering affordability.

  • Travelers: MoneyGeek score of 95 out of 100 ($476 per year)
  • Nationwide: MoneyGeek score of 94 out of 100 ($126 per year)

MoneyGeek scores renters insurance providers based on customer satisfaction from J.D. Power surveys, which measure customer experiences and satisfaction levels.

Great customer service is important for renters looking for insurance because it ensures that claims are handled smoothly and efficiently. For example, when you make a claim, a company with excellent customer service will guide you through the process, ensuring you receive the help you need promptly.

Company logo for Travelers
Best Service QualityTravelers
MoneyGeek Score:
95/ of 100

Overview

Travelers ranks first in customer satisfaction, coverages, and financial stability in Little Rock, Arkansas. With an annual premium of $476, it is the cheapest provider in the area. Travelers offers contents replacement cost and valuable items insurance.

Contents replacement cost covers personal property losses based on replacement cost at the time of the loss, with no deduction for depreciation. Valuable items insurance protects special property like jewelry and fine art, allowing you to add higher coverage limits to your renters policy.

Best Renters Insurance for Service Quality in Little Rock, AR
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score95Annual Premium$ 476
NationwideMoneyGeek Score94Annual Premium$ 126
State FarmMoneyGeek Score86Annual Premium$ 130
Auto-Owners InsuranceMoneyGeek Score84Annual Premium$ 166
FarmersMoneyGeek Score77Annual Premium$ 268
ShelterMoneyGeek Score65Annual Premium$ 121
EncompassMoneyGeek Score63Annual Premium$ 142

Best Renters Insurance for High Personal Property Limits in Little Rock, AR

For renters in Little Rock, Arkansas who need high personal property coverage, Nationwide offers a competitive annual premium of $289 for a policy with $100,000 in personal property coverage. The following providers are the two best providers in Little Rock:

  • Nationwide: MoneyGeek score of 96 out of 100 ($289 per year)
  • State Farm: MoneyGeek score of 95 out of 100 ($306 per year)

High personal property coverage ensures your belongings are protected up to a substantial monetary value, which is crucial if you own a significant amount of personal items. Renters with an extensive collection of belongings often require higher personal property coverage. This coverage safeguards your possessions from potential risks like theft, fire, or other damages.

Higher coverage levels come with increased premiums, so finding a provider that offers a good balance of cost and excellent service is key. You'll want peace of mind knowing your assets are protected without overpaying. Keep in mind, high-value items such as jewelry or art might exceed standard policy limits and could necessitate additional coverage.

Company logo for Nationwide
Best High Personal Property LimitNationwide
MoneyGeek Score:
96/ of 100

Overview

Nationwide ranks first in affordability and customer satisfaction for expensive homes in Little Rock, Arkansas, with an annual premium of $289. Nationwide offers valuable coverages like credit card forgery and theft from vehicles. Credit card forgery coverage protects against unauthorized transactions on your cards, while theft from vehicles extends protection to personal belongings stored in your vehicle.

Best Renters Insurance for High Personal Property Limits in Little Rock, AR
NationwideMoneyGeek Score96Annual Premium$ 289
State FarmMoneyGeek Score95Annual Premium$ 306
Auto-Owners InsuranceMoneyGeek Score86Annual Premium$ 530
EncompassMoneyGeek Score83Annual Premium$ 320
ShelterMoneyGeek Score82Annual Premium$ 355
FarmersMoneyGeek Score80Annual Premium$ 595
TravelersMoneyGeek Score61Annual Premium$ 1,427
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SCHEDULED PERSONAL PROPERTY COVERAGE

If you own valuables such as fine jewelry or art, you would need additional coverage as these items are not usually covered by standard policies. Opt for a provider that offers scheduled personal property coverage, which extends coverage to such valuables.

Best Renters Insurance for Military Families in Little Rock, AR

In Little Rock, USAA is the top-ranked renters insurance company for those with military backgrounds, with an annual premium of $123. The following providers are the top two best providers in Little Rock for veterans for a policy with $20,000 in personal property coverage.

-USAA: MoneyGeek score of 100 out of 100 ($123 per year)

  • Nationwide: MoneyGeek score of 96 out of 100 ($126 per year)

USAA offers a range of products tailored for those with a military background, providing discounts and coverages that suit the military lifestyle. It is also the cheapest in Little Rock for military members.

Company logo for USAA
Best for MilitaryUSAA
MoneyGeek Score:
100/ of 100

Overview

USAA stands out as the premier renters insurance provider for those with a military background in Little Rock, leading in customer satisfaction and offering the most comprehensive coverage. With an annual premium of $123, it's a top choice for affordability too.

Contents replacement cost coverage ensures that in the event of theft or damage, policyholders can receive enough to replace their items with new ones. Worldwide personal property coverage offers peace of mind for deployed military members, protecting belongings anywhere in the world. These benefits underscore USAA's commitment to serving the unique needs of the military community.

Best Renters Insurance for Military in Little Rock, AR
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 123
NationwideMoneyGeek Score96Annual Premium$ 126
State FarmMoneyGeek Score94Annual Premium$ 130
Auto-Owners InsuranceMoneyGeek Score89Annual Premium$ 166
ShelterMoneyGeek Score84Annual Premium$ 121
EncompassMoneyGeek Score82Annual Premium$ 142
FarmersMoneyGeek Score75Annual Premium$ 268
TravelersMoneyGeek Score61Annual Premium$ 476

Best Renters Insurance for Low Credit Scores in Little Rock, AR

For renters in Little Rock with poor credit (542 to 577), Nationwide offers the best renters insurance with an annual premium of $308 for a policy including $20,000 in personal property coverage. The top two providers for those with poor credit in Little Rock are:

  • Nationwide: MoneyGeek score of 93 out of 100 ($308 per year)
  • State Farm: MoneyGeek score of 92 out of 100 ($311 per year)

In Little Rock, rates for renters with poor credit are often higher because they are considered a greater risk to insurers. Providers may view these renters as more likely to file claims, leading to increased premiums. However, you can work on improving your credit score to potentially lower your rates and should also look for discounts that might be available to you.

Best for Low Credit Scores
MoneyGeek Score:
93/ of 100

Overview

Nationwide ranks first in affordability and coverage for renters in Little Rock, offering an annual premium of $308. Renters can save more with Nationwide's reasonably common claims free discount, which offers better rates for those with no claims on their policy.

Additionally, the common protective device discount lowers premiums for homes equipped with smoke detectors, fire alarms or burglar alarms. These discounts can significantly benefit renters with poor credit by reducing their overall insurance costs.

Best Renters Insurance for Low Credit Scores in Little Rock, AR
Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverage:
Coverage:$20K Personal Property
NationwideMoneyGeek Score93Annual Premium$ 308
State FarmMoneyGeek Score92Annual Premium$ 311
Auto-Owners InsuranceMoneyGeek Score86Annual Premium$ 479
EncompassMoneyGeek Score84Annual Premium$ 192
ShelterMoneyGeek Score82Annual Premium$ 265
FarmersMoneyGeek Score73Annual Premium$ 824
TravelersMoneyGeek Score61Annual Premium$ 1,562

Average Cost of Renters Insurance in Little Rock, AR

The average cost of renters insurance in Little Rock, Arkansas is $204 annually or $17 monthly. This cost is higher than the state average of $193 and significantly more than the national average of $145. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits, and a $1,000 deductible.

Renters should note that the average cost of renters insurance in Little Rock may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of damage or theft. Use the calculator below to see how prices change based on the value of your personal property.

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.

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Factors That Impact Renters Insurance Costs in Little Rock

The cost of renters insurance in Little Rock, Arkansas, is influenced by multiple factors, including the location of the rental property and the amount of coverage desired. Understanding these variables is key to finding a policy that fits your budget and needs.

  • Location: The area where you live can affect your premium due to crime rates and weather-related risks.
  • Coverage Amount: Opting for higher coverage limits will increase your insurance costs.
  • Deductible: Choosing a higher deductible can lower your monthly premium, but you'll pay more out of pocket in the event of a claim.
  • Claims History: Renters with a history of claims may face higher premiums due to a higher perceived risk by insurance companies.
  • Credit Score: Insurance companies may factor in your credit history when determining your premium, with better credit records often leading to lower costs.

What Renters Insurance Covers in Little Rock, AR

Renters insurance primarily provides coverage for your personal belongings, but it also covers additional areas such as liability and living expenses if your rental is rendered uninhabitable. Here’s what a typical policy includes:

  • Personal Property Coverage: This covers the cost to repair or replace your belongings if they're damaged or stolen. For instance, a renter in Texas may receive compensation for a stolen laptop.
  • Personal Liability Coverage: This protects you financially if a guest is injured in your rental or you cause property damage. A Texas renter could use this coverage if a guest slips and falls in their apartment.
  • Loss of Use Coverage: This helps with additional living expenses if your rental is unlivable due to a covered peril. A renter might rely on loss of use coverage to pay for a hotel stay after a fire.
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COMMONLY COVERED PERILS

Renters insurance typically covers losses from incidents like theft, fire and water damage. Understanding your policy's specific coverage is key to ensuring you're protected. Here are common situations renters insurance covers:

  • Fire or lightning
  • Windstorm or hail
  • Explosions
  • Riots
  • Aircraft
  • Vehicles
  • Smoke damage

What Renters Insurance Does Not Cover in Little Rock

Although renters insurance provides a financial safety net, it doesn't shield against every mishap. For instance, it typically excludes flood damage and your roommate's possessions.

  • Natural Disasters: Standard renters insurance often does not cover damage from floods.
  • Roommate's Belongings: Personal property coverage does not extend to items owned by a roommate unless they are listed on the policy.
  • High-Value Items: Expensive jewelry or electronics may exceed the policy's limit and require additional coverage.
  • Business Equipment: Property used for business purposes might not be covered under a standard renters insurance policy.
  • Pest Damage: Infestations and damage from pests like bed bugs or rodents are usually not covered.
  • Car Theft: While personal property stolen from your car may be covered, the theft of the car itself is not.

FAQ: Renters Insurance in Little Rock, AR

The best renters insurance provider for you in Little Rock ultimately depends on your needs. Below are common questions to help you make an informed decision.

How much is renters insurance in Little Rock, Arkansas, on average?
What is the cheapest renters insurance company in Little Rock, Arkansas?
What is the best renters insurance company in Little Rock, Arkansas?
Do I need renters insurance in Little Rock, Arkansas?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.