A well-made home is a great investment, and one of the best ways to protect that investment is by purchasing the right homeowners insurance policy.
AIG tops the list of best homeowners insurance companies in Arkansas. It has earned 830 scores out of 1000 from J.D. Power, the highest among the carriers surveyed.
Whereas Travelers is one of the cheapest homeowners insurance companies, its average annual premium is $2,823.
With all these different options, it's no wonder that many people are left feeling confused. But don't worry, we have got you covered. In this guide, you will find everything you need to know about Arkansas home insurance companies.Along with the best home insurance companies, you will also find a list of the least and most expensive ZIP codes for Arkansas homeowners.
- Best home insurance companies in Arkansas
- Compare best homeowners insurance companies in Arkansas
- Average cost of homeowners insurance in Arkansas
- 10 Most expensive zip codes in Arkansas for homeowners insurance
- 10 Least expensive zip codes in Arkansas for homeowners insurance
- Cheap homeowners insurance in Arkansas
- Home-auto discount bundle in Arkansas
Best home insurance companies in Arkansas
If you're looking for the best homeowners insurance company in Arkansas, we've got you covered. We've compiled a list of some of the top-rated insurers in the state and compared their rates, their customer satisfaction rating, J.D. Power score, claims handling and AM Best rating to help make your decision easier. Here is the list of best home insurance companies in Arkansas:
- AIG
- Allstate
- State Farm
- Nationwide
- Chubb
Compare best homeowners insurance companies in Arkansas
There are many great home insurance carriers in Arkansas, but not all of them offer the same coverage options and affordable premiums.
We have compared average homeowners insurance rates from top insurance providers and selected the best insurance companies for you based on our analysis. These leading providers offer competitive prices and provide excellent customer service, also you can find their J.D Power scores and AM Best ratings in the table below.
| Company | Overall rating | J.D. Power score | AM Best rating |
|---|---|---|---|
| AIG | 5 | 830 | - |
| Allstate | 5 | 829 | A+ |
| State Farm | 4 | 835 | A++ |
| Nationwide | 3 | 812 | A+ |
| Chubb | 2 | 801 | A++ |
| Hartford | 1 | 798 | A+ |
Average cost of homeowners insurance in Arkansas
The average home insurance rate in Arkansas is $3,439 a year, or $287 a month-- $1134 more than the national average ($2,305).The recommended coverage level for homeowners insurance in Arkansas is $40,000 for personal property, with a $1,000 deductible and $100,000 of liability protection.
Many factors go into determining the home insurance costs in Arkansas. Your zip code, home's size, and construction, and the amount of insurance coverage you need are some of the factors that an insurance company takes into account when calculating your average home insurance premium.
| Average annual premium | Average monthly premium |
|---|---|
| $3,439 | $287 |
10 Most expensive zip codes in Arkansas for homeowners insurance
The most expensive ZIP code for homeowners insurance in Arkansas is 72475, its average insurance rate is $3,259.
Factors like your home's value, local crime rate, and weather risks such as floods affect your home insurance rates in Arkansas. If you live in an area with high crime rates or your area is at risk of severe weather conditions, then your insurance rates may be high.
We have compared rates from major Arkansas homeowners insurance companies across all the ZIP codes and put together a list of the 10 most expensive ZIP codes in Arkansas.
| ZIP code | Average annual rate |
|---|---|
| 72475 | $3,259 |
| 71642 | $3,255 |
| 71658 | $3,247 |
| 71653 | $3,237 |
| 72479 | $3,234 |
| 71646 | $3,214 |
| 71661 | $3,213 |
| 71640 | $3,211 |
| 72429 | $3,192 |
| 71676 | $3,171 |
10 Least expensive zip codes in Arkansas for homeowners insurance
The least expensive ZIP code for home insurance in Arkansas is 72721, its average insurance rate is $2,534 ---$905 less than the state average ($3,439).
Insurance companies use different factors to determine your home insurance rate, one of them is the place where you live. That's why prices vary greatly based on the ZIP code for any given area.
Below are the ten least expensive ZIP codes in Arkansas for homeowners insurance, based on Insurance.com's rate analysis.
| ZIP code | Average annual rate |
|---|---|
| 72721 | $2,534 |
| 72764 | $2,536 |
| 72745 | $2,538 |
| 72756 | $2,545 |
| 72538 | $2,546 |
| 72715 | $2,549 |
| 72738 | $2,551 |
| 72537 | $2,569 |
| 72758 | $2,572 |
| 72727 | $2,575 |
Cheap homeowners insurance in Arkansas
Travelers, Farm Bureau and Farmers are the top three cheapest homeowners insurance companies in Arkansas. This data is collected from major insurers for nearly every ZIP code in the state and averaged by coverage level and company.
The first thing to know about home insurance is that it's different for every homeowner. Your home insurance premium depends on factors like the construction materials used to build your home, its age, and location, etc. Therefore, it's important to compare homeowners insurance costs from different insurers before making a decision. Comparison shopping can help you save hundreds of dollars annually.
Below are the cheapest home insurance companies along with their average annual premium.
| Company name | Average annual premium |
|---|---|
| Travelers | $2,823 |
| Farm Bureau | $3,122 |
| Farmers | $3,265 |
| Shelter | $3,984 |
| Allstate | $4,196 |
| USAA | $4,221 |
| Allstate | $4,397 |
| Allstate | $4,594 |
| State Farm | $4,613 |
| Nationwide | $4,785 |
| Safeco | $4,806 |
| Foremost | $5,341 |
| USAA | $5,404 |
| Garrison | $5,732 |
| Farmers | $10,032 |
Home-auto discount bundle in Arkansas
One of the best ways to save on your homeowners insurance cost is by bundling home-auto insurance policies. If you purchase your auto and home insurance policies from the same company, you can save an average of $209 a year or 19%, based on Insurance.com's rate analysis.
Know-how major carriers in Arkansas compare when it comes to home-auto bundle discount savings in the table below.
| Company | $ Bundle average saving | % Bundle average saving |
|---|---|---|
| Farmers | $2,203 | 26% |
| Nationwide | $1,403 | 37% |
| State Farm | $1,078 | 35% |
| Allstate | $811 | 25% |
| Farm Bureau | $709 | 24% |
| Shelter Mut Insurance | $602 | 24% |
| USAA | $489 | 14% |
| Auto Owners | $440 | 11% |
| Travelers | $266 | 10% |
| Foremost Insurance | $253 | 5% |
| Meridian | $196 | 13% |