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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:

CompanyJ.D. Power scoreAM Best rating
USAA882A++
State Farm835A++
Allstate829A+
Farmers813A
Nationwide812A+
Safeco810A
Travelers800A++

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.

Average annual premiumAverage monthly premium
$761$63

CONDO INSURANCE CALCULATOR

Average condo insurance rates in ARKANSAS

$60,000
$1,000
$100,000
72201 - Little Rock
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $914

HIGHEST RATE: $2,611 LOWEST RATE: $319
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Most & least expensive zip codes for condo insurance in Arkansas

Most Expensive

Zip CodeCityHighest Rate
71640Eudora$1,030
72204Little Rock$937
71661Parkdale$934
72209Little Rock$932

Least Expensive

Zip CodeCityLowest Rate
72421Cash$791
72417Brookland$795
72437Lake City$795
72416Bono$800

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.

CompanyAverage annual premium
Shelter$409
Travelers$420
Allstate$450
Foremost$489
Farm Bureau$508
Nationwide$574
State Farm$586
Safeco$648
Garrison$915
USAA$956
Farmers$1,240