Geico offers the cheapest auto insurance rates in Arkansas at about $1,123 a year or $93 monthly, on average. If you’re eligible, you can get cheaper rates at USAA, where the average is $1,043 a year. Both are below the average Arkansas car insurance rate of $1,420 a year.
Cheap isn’t everything, but in this case an Insurance.com analysis of rates, complaints, and financial stability found Geico to be the best insurance company in Arkansas and the cheapest.
Many factors go into your insurance premium. Insurance companies use your driving record, the type of car you drive, and the coverage you select to calculate your rates.
Read on to compare Arkansas insurance rates by company, age, and more.
Key takeaways
- Geico is the best car insurance company in Arkansas overall, with below-average rates and a low complaint ratio.
- Geico is also the cheapest car insurance company for all residents in Arkansas at $1,123 per year.
- Travelers has the cheapest car insurance rates for teen drivers in Arkansas.
Average cost of car insurance in Arkansas
The average car insurance rate in Arkansas is $1,420 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 $349.
Best car insurance companies in Arkansas
Geico is the best car insurance company in Arkansas, based on a 2023 analysis by Insurance.com, with an overall rating of 4.39. State Farm came in second with an overall rating of 4.38.
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.
| Insurance company | AM Best | Average annual rate | NAIC Complaint ratio | Insurance.com score |
|---|---|---|---|---|
| Geico | A++ | $ 1,123 | 0.77 | 4.39 |
| State Farm | A++ | $ 1,305 | 0.52 | 4.38 |
| Nationwide | A+ | $ 1,273 | 0.66 | 4.13 |
| Auto-Owners | A++ | $ 1,561 | 0.64 | 4.13 |
| USAA | A++ | $ 1,043 | 0.99 | 4.03 |
| Travelers | A++ | $ 1,228 | 1.03 | 3.73 |
| Progressive | A+ | $ 1,586 | 0.73 | 3.61 |
| Farmers | A | $ 1,432 | 0.77 | 3.42 |
| Auto Club Enterprises (AAA) | A+ | $ 1,449 | 0.92 | 3.39 |
| Allstate | A+ | $ 2,202 | 0.95 | 2.41 |
USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies in Arkansas
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. Based on a rate analysis by Insurance.com, USAA is the cheapest auto insurance company in Arkansas, with average rates of $1,043 annually or $87 a month for full coverage, but isn’t available to everyone. Geico is the cheapest company that is open to all drivers, with an average annual rate of $1,123 for full coverage in Arkansas.
| Company | State minimum | 50/100/50 liability only | 100/300/100 liability with $500 comp/coll deductible |
|---|---|---|---|
| USAA* | $ 200 | $ 272 | $ 1,043 |
| Geico | $ 222 | $ 278 | $ 1,123 |
| Travelers | $ 404 | $ 508 | $ 1,228 |
| Nationwide | $ 485 | $ 557 | $ 1,273 |
| State Farm | $ 281 | $ 369 | $ 1,305 |
| Farmers | $ 382 | $ 468 | $ 1,432 |
| Auto Club Enterprises (AAA) | $ 359 | $ 467 | $ 1,449 |
| Auto-Owners | $ 340 | $ 364 | $ 1,561 |
| Progressive | $ 293 | $ 404 | $ 1,586 |
| Allstate | $ 525 | $ 597 | $ 2,202 |
USAA offers car insurance only to military members, veterans and their families.
Auto insurance calculator
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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.
Travelers offers the cheapest car insurance for teen drivers in Arkansas at $3,323 per year for a full coverage policy.
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, Geico offers the cheapest full coverage car insurance for adult drivers at $1,210 per year unless you are eligible for USAA. Geico offers the cheapest full-coverage car insurance for senior drivers at $1,084 per year. Again, senior drivers can save more on a full coverage policy if they are eligible for USAA.
| Age (group) | Company Group | Avg. Annual Premium |
|---|---|---|
| Teens (16-19) | Travelers | $ 3,323 |
| Teens (16-19) | USAA | $ 3,366 |
| Teens (16-19) | State Farm | $ 3,585 |
| Teens (16-19) | Geico | $ 4,049 |
| Teens (16-19) | Auto-Owners | $ 4,360 |
| Teens (16-19) | Nationwide | $ 4,608 |
| Teens (16-19) | Farmers | $ 6,315 |
| Teens (16-19) | Auto Club Enterprises (AAA) | $ 6,672 |
| Teens (16-19) | Progressive | $ 7,429 |
| Teens (16-19) | Allstate | $ 8,225 |
| Young Adults (20-24) | USAA | $ 1,482 |
| Young Adults (20-24) | Travelers | $ 1,857 |
| Young Adults (20-24) | Geico | $ 1,881 |
| Young Adults (20-24) | Farmers | $ 1,960 |
| Young Adults (20-24) | State Farm | $ 2,116 |
| Young Adults (20-24) | Nationwide | $ 2,244 |
| Young Adults (20-24) | Progressive | $ 2,456 |
| Young Adults (20-24) | Auto-Owners | $ 2,476 |
| Young Adults (20-24) | Auto Club Enterprises (AAA) | $ 2,694 |
| Young Adults (20-24) | Allstate | $ 3,239 |
| Adults (25-55) | USAA | $ 1,047 |
| Adults (25-55) | Geico | $ 1,210 |
| Adults (25-55) | Travelers | $ 1,242 |
| Adults (25-55) | Nationwide | $ 1,269 |
| Adults (25-55) | State Farm | $ 1,325 |
| Adults (25-55) | Farmers | $ 1,424 |
| Adults (25-55) | Auto Club Enterprises (AAA) | $ 1,466 |
| Adults (25-55) | Progressive | $ 1,573 |
| Adults (25-55) | Auto-Owners | $ 1,613 |
| Adults (25-55) | Allstate | $ 2,191 |
| Seniors (60-75) | USAA | $ 1,001 |
| Seniors (60-75) | Geico | $ 1,084 |
| Seniors (60-75) | Travelers | $ 1,179 |
| Seniors (60-75) | Nationwide | $ 1,190 |
| Seniors (60-75) | State Farm | $ 1,215 |
| Seniors (60-75) | Farmers | $ 1,328 |
| Seniors (60-75) | Auto Club Enterprises (AAA) | $ 1,345 |
| Seniors (60-75) | Progressive | $ 1,488 |
| Seniors (60-75) | Auto-Owners | $ 1,516 |
| Seniors (60-75) | Allstate | $ 2,162 |
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.
However, the severity and frequency of the incidents also play a role in insurance rates. For instance, drivers with a single minor accident will see a smaller increase in their rates compared to those with multiple major accidents.
Below are average Arkansas rates by company for drivers with accidents and tickets on their driving record.
| Company | Clean record | Accident | Ticket |
|---|---|---|---|
| Geico | $ 987 | $ 1,692 | $ 1,205 |
| USAA* | $ 1,073 | $ 1,565 | $ 1,305 |
| Travelers | $ 1,313 | $ 1,882 | $ 1,975 |
| State Farm | $ 1,318 | $ 1,527 | $ 1,423 |
| Nationwide | $ 1,371 | $ 2,339 | $ 1,479 |
| Farmers | $ 1,471 | $ 2,082 | $ 2,008 |
| Auto Club Entreprises | $ 1,599 | $ 2,760 | $ 2,327 |
| Progressive | $ 1,691 | $ 3,034 | $ 2,424 |
| Auto-Owners | $ 1,711 | $ 2,872 | $ 2,162 |
| Allstate | $ 2,218 | $ 3,266 | $ 2,583 |
*USAA offers car insurance only to military members, veterans and their families.
Methodology
Insurance.com commissioned Quadrant Information Services in 2022 to field rates from up to six major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving 2021 Honda Accord LX with full coverage of 100/300/100 with comprehensive and collision; $500 deductible.
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
- Single vehicle accident
Tickets:
- Distracted driving ticket
- Speeding ticket 1- 10 MPH over limit
- Speeding ticket 11- 29 MPH over limit
- Talking on cellphone ticket
- Texting ticket
Insurance.com analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.
