Low-income car insurance in Arkansas: What you need to know

Arkansas government car insurance for low-income drivers

There is no government-run car insurance program for low-income drivers in Arkansas. Only a handful of states (California, Hawaii and New Jersey) have such a program.

In Arkansas, low-income drivers must still carry the minimum amount of car insurance. The best way to find it on a budget is to shop around.

Arkansas minimum car insurance requirements

The minimum car insurance requirements in Arkansas are as follows:

Minimum liability coverage limits	25/50/25
Average annual premium	$397
Other types of insurance required (if any)	-

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Remember that if you have a loan on your car, you're required to carry full coverage, which includes collision and comprehensive.

Best low-income car insurance in Arkansas

Geico came out on top as the best pick for low-income car insurance.

People on a tight budget still deserve great service from their car insurance company. We gathered the data on the top car insurance companies in Arkansas and compared them on rates for state-minimum coverage, financial stability and customer satisfaction based on J.D. Power and National Association of Insurance Commissioners (NAIC) scores.

These are the best low-income car insurance companies in Arkansas.

Company	Average annual premium	J.D. Power	AM Best	NAIC	Insurance.com score
Geico	$285	819	A++	0.91	3.35
State Farm	$401	833	A++	0.7	3.18
Travelers	$432	797	A++	0.49	3.13
Progressive	$375	803	A+	0.65	3.04
Nationwide	$402	792	A+	0.64	2.97
Alfa Corporation	$522	812	A	0.23	2.86
Shelter Insurance	$414	851	A	1.18	2.85
Farmers	$556	819	A	0.8	2.45
Allstate	$629	806	A+	0.65	2.4

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Cheapest low-income car insurance in Arkansas

Based on state-minimum coverage, we found that the cheapest car insurance company in Arkansas is Geico at an average rate of $285 a year.

When you're working with a tight budget, price is the number one consideration. We gathered rates from car insurance companies in Arkansas to find the cheapest options on average.

Company name	Average annual premium	Average monthly premium
Geico	$285	$24
Southern Farm Bureau	$337	$28
Progressive	$375	$31
State Farm	$401	$33
Nationwide	$402	$33
Shelter Insurance	$414	$34
Travelers	$432	$36
Alfa Insurance	$522	$43
Farmers	$556	$46
Allstate	$629	$52
USAA	$208	$17

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PEOPLE ASK:

What can I do if I can't afford car insurance in Arkansas?

If you can't find affordable car insurance in Arkansas, try working with a local agent who knows the market and some of the smaller insurance companies available. Consider a usage-based program to reduce costs, reduce coverage, drive less and ask about additional discounts.

Car insurance discounts for low-income drivers in Arkansas

Discounts are the best way to bring down your car insurance rates. There are a number of discounts low-income drivers in Arkansas can take advantage of for cheaper insurance. Take a look at some common discounts and how much you can save below.

Discount type	% Discount
Years Licensed	25%
Years Insured	25%
Marital Status	13%
Education	12%
Primary Use	11%
Telematics	9%
Profession	9%
Multi Policy	9%
Payment Type	9%
Loyalty - Years Renewal With Company	8%
Daily Commute	8%
Days Advanced Purchase	6%
Lower Annual Mileage	5%
Homeowner	5%
Electronic Funds Transfer	4%
Paperless/Electornic Documents	4%
Safety Devices	4%
Anti-Theft Device	2%
Days Per Week Driven	1%
Air Bags	1%

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Methodology

Insurance.com commissioned car insurance rates from Quadrant Data Services in late 2023 for state minimum car insurance policies across all states. Rates are based on a 40-year-old driver with a clean driving record and good credit, driving a Honda Accord LX. We compared rates from 170 companies across 35,488 ZIP codes.

Low-income car insurance in Arkansas: Frequently asked questions

What is the cheapest car insurance company for low-income people?

In Arkansas, Geico is the cheapest car insurance company with the average rate of $285. However, that's based on average rates and may differ for you, so it's important to shop around.

Does Arkansas have car insurance for low-income individuals?

No, Arkansas doesn't offer a car insurance program for low-income individuals or families.

What happens if I can't pay my car insurance?

If you don't pay your car insurance bill, your car insurance will be canceled and you won't have coverage. If you can't pay your car insurance bill, contact your insurance company before the bill is past due to see if you can make arrangements for payment.