Best Condo insurance in Arkansas

If you live in a condo, then it is important for you to purchase condo insurance to protect your investment. Some homeowners associations offer insurance, but it is not always the best option. It's better to have your own policy and make sure you are fully protected in case anything happens.

Homeowners association's insurance covers the outside of your building and common areas. But HOA's policy doesn't cover what's inside your condo- like furniture or other personal belongings.

If you are looking for the best condo insurance in Arkansas, then this guide is for you. You'll find the list of best condo insurance companies for Arkansas residents and their average annual rates. You can use this guide to make informed insurance decisions.

Best condo insurance companies in Arkansas

In Arkansas, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction rating of all the major insurers across Arkansas. Below are the best condo insurance companies in Arkansas based on Insurance.com's analysis.

• USAA
• State Farm
• Allstate
• Farmers
• Nationwide

Compare best condo insurance companies in Arkansas

We have compared the insurance providers based on their J.D. Power score and ratings from AM Best to help you find affordable condo insurance in Arkansas. Based on the analysis by Insurance.com, USAA tops the list of best condo insurance companies in Arkansas. It has earned 882 scores out of 1000 from J.D. Power and an A++ rating from AM Best, which is the highest ratings they offer. Although, USAA offers condo insurance only for members of the military and their families.

State Farm is another option after USAA for condo insurance, it received 835 scores from J.D. Power and an A++ rating from AM Best. Here is a comparison of some of the best condo insurance companies in Arkansas:

Average cost of condo insurance in Arkansas

The average cost of condo homeowners insurance in Arkansas is $761 a year or $63 a month with $1,000 as deductible, $40,000 as personal property coverage, and liability coverage of $100,000. Your average annual premium will vary depending on your location, the coverage limits you select, and deductible amount among other factors.

Condo insurance covers the interior of the unit, it provides protection against the damage caused by fire, theft, vandalism, natural disasters, and frozen pipes.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

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CONDO INSURANCE CALCULATOR

Average condo insurance rates in ARKANSAS

Zip

Personal Property Coverage Covers your personal belongings, such as your furniture, electronics, clothing, artwork, etc. Choose the amount you believe would cover all of your belongings.

$40,000$60,000$80,000$100,000 $60,000

Deductible Choose the amount you want to pay out-of-pocket before insurance kicks in. This applies to your dwelling and personal belongings claims.

$1,000 $1,000

Liability Covers the medical expenses of people who are hurt while in your home or on your property, as well as damage you caused to others’ property. Also covers legal fees if you are sued by someone hurt in your home or on your property. Limits of $300,000 or $500,000 are recommended.

$100,000$300,000 $100,000

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72201 - Little Rock

Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $1,084

HIGHEST RATE: $3,422 LOWEST RATE: $340

Most & least expensive zip codes for condo insurance in Arkansas

Most Expensive

Zip Code	City	Highest Rate
71640	Eudora	$1,154
72164	Sweet Home	$1,129
72183	Wrightsville	$1,129
72204	Little Rock	$1,124

Least Expensive

Zip Code	City	Lowest Rate
72719	Centerton	$903
72718	Cave Springs	$905
72730	Farmington	$906
72745	Cave Springs	$912

• Methodology ×

  Insurance.com commissioned Quadrant Information Systems to provide condo insurance rates for nearly every ZIP code in the country from up to six major insurers. The applicant profile is of a married, 35-year-old who has filed no claims in five years. Coverage includes dwelling coverage of $50,000, medical payments coverage of $5,000, contents replacement at replacement value and loss of use at 10 percent of personal property limit.

  METHODOLOGY +

Condo insurance rates by companies in Arkansas

The rates for condo insurance by companies in Arkansas vary greatly. It is important to shop around and compare quotes to find affordable premium. To find the best insurance company in Arkansas, you should consider price, coverage options, financial stability, and customer satisfaction.

In the table given below, you'll see that major companies in Arkansas have different insurance rates for condo insurance, and Shelter, Travelers, Allstate, and Foremost are the top four cheapest condo insurance companies for Arkansas residents.