- Best car insurance company in Arkansas: Shelter Insurance
- Cheapest car insurance company in Arkansas: Travelers
- Average cost of car insurance in Arkansas
- Arkansas car insurance requirements
- Cheapest car insurance companies for minimum liability coverage in Arkansas
- Cheapest car insurance cost in Arkansas by age
- Cheapest car insurance companies in Arkansas by driver profile
- Compare auto insurance rates by city in Arkansas
- Car insurance premium trends in Arkansas
- Methodology
- Compare Arkansas car insurance rates with other states
Best car insurance company in Arkansas: Shelter Insurance
Shelter Insurance is the best car insurance company in Arkansas, based on our data analysis, with an overall rating of 4.69. Travelers, Nationwide, and State Farm are also among the top car insurance companies in Arkansas.
Below is a full list of the top Arkansas insurance companies based on price, NAIC complaint ratio, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
| Company | AM Best | JD Power | NAIC | Average annual premium | Insurance.com score |
|---|---|---|---|---|---|
| Shelter Insurance | A | 677 | 0.43 | $1,690 | 4.69 |
| Travelers | A++ | 613 | 0.52 | $1,442 | 4.18 |
| Nationwide | A | 628 | 0.63 | $1,503 | 4.08 |
| State Farm | A++ | 647 | 0.79 | $2,060 | 4.03 |
| GEICO | A++ | 622 | 0.69 | $1,794 | 3.96 |
| Progressive | A+ | 638 | 0.71 | $2,431 | 3.7 |
| Farmers | A | 622 | 0.86 | $2,248 | 3.42 |
| Allstate | A+ | 629 | 1.1 | $2,729 | 3.13 |
| USAA | A++ | 759 | 1.18 | $1,090 | 4.5 |
Cheapest car insurance company in Arkansas: Travelers
Based on a rate analysis by Insurance.com, Travelers offers the cheapest full coverage car insurance in Arkansas that is open to all drivers, with an average annual rate of $1,680. However, USAA actually offers cheaper rates if you qualify, with average rates of $1,527 annually or $127 a month for full coverage, but eligibility criteria apply.
GEICO provides the cheapest liability car insurance in Arkansas at $521 per year and is also the most affordable option for state minimum coverage at $327 per year.
Don't just go with the first insurer you come across. Comparison shopping is the key when it comes to finding the best deal on auto insurance. Get quotes from several different insurers and compare their rates. You may be surprised at how much difference there can be in rates from one company to another.
We have gathered price quotes from all the major insurance providers in Arkansas and put together a list of the cheapest car insurance companies.
| Company | State minimum liability | 50/100/50 liability | 100/300/100 liability with $500 deductible |
|---|---|---|---|
| Travelers | $447 | $557 | $1,680 |
| GEICO | $327 | $521 | $1,871 |
| Shelter Insurance | $482 | $618 | $2,103 |
| Nationwide | $612 | $828 | $2,673 |
| Southern Farm Bureau | $420 | $651 | $2,798 |
| Farmers | $670 | $1,019 | $2,869 |
| Allstate | $854 | $1,135 | $3,745 |
| Alfa Insurance | $497 | $993 | $3,947 |
| Progressive | $458 | $912 | $4,017 |
| USAA | $262 | $399 | $1,527 |
*USAA offers car insurance only to military members, veterans and their families.
Average cost of car insurance in Arkansas
The average cost of car insurance in Arkansas is $2,723 a year for a full coverage policy with a coverage level of 100/300/100 for a driver age 40, according to a rate analysis by Insurance.com. For the state minimum coverage, the average annual cost in Arkansas is $503.
Auto insurance calculator
Top 5 most & least expensive cities for auto insurance in Arkansas
Most Expensive
| City | Highest annual rate | Highest monthly rate |
|---|---|---|
| Hot Springs | $993 | $83 |
| Proctor | $991 | $83 |
| Marvell | $989 | $82 |
| Wabash | $985 | $82 |
| Mayflower | $984 | $82 |
Least Expensive
| City | Lowest annual rate | Lowest monthly rate |
|---|---|---|
| Cabot | $1,006 | $84 |
| Oneida | $1,019 | $85 |
| East End | $1,022 | $85 |
| Marion | $1,023 | $85 |
| Bryant | $1,024 | $85 |
The Arkansas Insurance Department says...
When you finance your automobile, the lending institution will require that you have coverage on your automobile. The lending institution will be named as a loss payeeAn insured individual or beneficiary who receives a loss payment from an insurer. If you have a loan, the loss payee is the institution that financed it. In the event of a total loss, the insurance company makes payment to the loss payee first. on your policy so that its financial interest in the automobile will be protected. You should be aware that in the event of a total loss of your automobile, the actual value of your car may be less than the balance you owe to your lender. The purchase of Gap protection should be given consideration at the time of purchase of a vehicle.
- The Arkansas Insurance DepartmentArkansas car insurance requirements
You need car insurance with minimum coverage levels of 25/50/25 in Arkansas, which costs $503 each year or $42 each month.
Minimum liability insuranceLiability insurance covers sums that an insured becomes legally obligated to pay because of bodily injuries or property damage, or financial losses caused to other people. requirements for Arkansas:
- Bodily injury liability (BI): $25,000 per person, $50,000 per accident
- Property damage liability (PD): $25,000 per accident
Cheapest car insurance companies for minimum liability coverage in Arkansas
According to Insurance.com, GEICO has the cheapest state minimum liability coverage at $521 per year or $43 each month. USAA offers cheaper rates but is available only to military veterans and their family members.
Here are the most affordable car insurance companies for state minimum coverage in Arkansas.
| Company | Liability insurance premium | Monthly liability insurance premium |
|---|---|---|
| GEICO | $521 | $43 |
| Travelers | $557 | $46 |
| Shelter Insurance | $618 | $52 |
| Southern Farm Bureau | $651 | $54 |
| Nationwide | $828 | $69 |
| Progressive | $912 | $76 |
| Alfa Insurance | $993 | $83 |
| Farmers | $1,019 | $85 |
| Allstate | $1,135 | $95 |
| USAA | $399 | $33 |
*USAA offers coverage only to military veterans and their family
Cheapest car insurance cost in Arkansas by age
In Arkansas, car insurance rates are higher for teenagers as they’re more prone to accidents due to their lack of driving experience.
Southern Farm Bureau offers the cheapest car insurance for a 16-year-old driver in Arkansas at $6,158 per year.
Car insurance rates will decrease as teens age and keep a good driving record. Car insurance rates for adults 25+ and seniors 60+ are lower than those for teens and young adults.
In Arkansas, Travelers offers the cheapest car insurance for a 25-year-old driver at $1,982 per year. Travelers offers the cheapest car insurance for a 65-year-old driver at $1,507 per year.
Compare car insurance rates by age
Select your age group and age below to see the insurance company and its
average annual and average monthly premium rates.
| Southern Farm Bureau | $6,158 | $513 |
| Travelers | $6,237 | $520 |
| USAA | $7,763 | $647 |
| Shelter Insurance | $8,427 | $702 |
| GEICO | $9,221 | $768 |
| Alfa Insurance | $9,720 | $810 |
| Nationwide | $10,261 | $855 |
| Farmers | $18,640 | $1,553 |
| Progressive | $20,348 | $1,696 |
| Allstate | $23,066 | $1,922 |
*USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies in Arkansas by driver profile
Drivers who have accidents or tickets are considered a higher risk and will pay more for insurance. The severity and frequency of the incidents also play a role in insurance rates. In Arkansas, Travelers provides the cheapest car insurance in Arkansas at $2,396 per year for drivers with an accident. USAA offers cheaper rates for drivers with an accident but has eligibility criteria.
Travelers offers the cheapest car insurance in Arkansas for drivers with a speeding ticket on their records at $2,591 per year. USAA offers cheaper rates for drivers with a speeding ticket but offers services only to military veterans and their family members.
Below are the average Arkansas auto insurance rates by company for drivers with accidents and tickets on their driving record.
| Company | Clean record | Accident | Speeding ticket |
|---|---|---|---|
| Travelers | $1,680 | $2,396 | $2,591 |
| GEICO | $1,871 | $3,191 | $3,037 |
| Allstate | $3,745 | $5,467 | $4,323 |
| Nationwide | $2,673 | $4,595 | $4,328 |
| Farmers | $2,869 | $4,553 | $5,029 |
| Progressive | $4,017 | $6,218 | $5,214 |
| USAA | $1,527 | $2,241 | $1,819 |
*USAA offers car insurance only to military members, veterans and their families.
Compare auto insurance rates by city in Arkansas
Auto insurance rates vary not just by state, but also by city. Cities have different levels of risk based on factors like accident rates, claimAn insurance claim is a request you make to your insurance company for coverage after your car is damaged or you have an accident. You can file a claim online, by phone, or in writing. costs, weather and more. That means where you live in Arkansas will impact what you pay. Below, we've gathered Arkansas car insurance rates by city for comparison.
| City | Annual insurance premium |
|---|---|
El Dorado | $2,107 |
Elkins | $1,797 |
Fayetteville | $1,875 |
Jacksonville | $1,890 |
Little Rock | $2,064 |
Car insurance premium trends in Arkansas
Car insurance rates change regularly, influenced by changes in the cost of repairs, claim rates and other factors. Recent years have seen car insurance rates rise across the country, but not every state has seen the same increases.
We've tracked car insurance premium trends in Arkansas to show you how things have changed and help you prepare for potential changes in the future. Take a look at the chart below.
Methodology
We partnered with Quadrant Information Services to field average auto insurance rates in all 50 states and Washington, D.C. National and state average rates are based on three coverage levels: state minimum, 50/100/50 liability-only, and full coverage with 100/300/100 liability and $500 deductibles.
Unless otherwise indicated, averages are based on our full coverage data set. This data set is based on:
- Bodily injury liability of $100,000 per person and $300,000 per incident
- Property damage liability of $100,000 per incident
- Comprehensive and collision deductibles of $500
- 40-year-old driver
- Honda Accord LX
- Good credit
- A clean driving record
- 12-mile commute, 10,000 annual mileage
The car insurance rates for drivers with accidents and tickets are averaged based on rates for the following accidents and tickets:
Accidents:
- 1 at-fault property damage accident over $2k
- 1 at-fault property damage accident under $2k
- At-fault bodily injury accident
- Poor credit
- DUI/DWI first offense
Tickets:
- Reckless driving
- Speeding ticket 1- 10 MPH over limit
- Speeding ticket 11- 29 MPH over limit
- Speeding 30+ over limit
Learn more about our data and methodology.
Compare Arkansas car insurance rates with other states
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