Shelter Insurance is the best homeowners insurance company in Arkansas, based on a 2023 analysis by Insurance.com, with an overall rating of 4.69. USAA is the second-best home insurance company in Arkansas, with an overall rating of 4.68.
Shelter also offers the cheapest homeowners insurance rates in Arkansas.
With so many options out there, it is not easy to choose a homeowners insurance company in Arkansas. You need a reliable company that will provide you with quality service at an affordable price. If this is what you're looking for, then keep on reading this guide.
Key takeaways
- The average cost of homeowners insurance in Arkansas is $4,073 a year or $339 a month.
- The cheapest homeowners insurance company in Arkansas is Shelter Insurance. It offers home insurance at an average of $2,701 a year.
- Shelter Insurance also ranked as the best home insurance company in Arkansas for 2023.
Average home insurance cost in Arkansas
The average cost of homeowners insurance in Arkansas is $4,073 a year or $339 a month. This is based on coverage of:
- $300,000 dwelling
- $300,000 liability
- $1,000 deductible
However, the average annual premium varies by the insurance company, your ZIP code, coverage type, your home's age, among other factors. It’s a good idea to compare price quotes from different Arkansas homeowners insurance companies to get the best deal.
Best home insurance companies in Arkansas
The best home insurance company in Arkansas for 2023 is Shelter Insurance, followed by USAA and Farm Bureau Mutual Ins Co.
Below is a full list of the top Arkansas insurance companies based on price, NAIC complaints, 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 |
|---|---|---|---|---|
| Shelter Insurance | A | $2,701 | 0.19 | 4.69 |
| USAA | A++ | $3,547 | 0.41 | 4.68 |
| Farm Bureau Mutual Ins Co | A | $3,088 | 0.17 | 4.62 |
| Auto-Owners | A++ | $4,707 | 0.19 | 4.55 |
| State Farm | A++ | $3,084 | 1.07 | 4.41 |
| Farmers | A | $4,259 | 0.33 | 4.27 |
| Nationwide | A+ | $4,642 | 0.75 | 4.1 |
| Allstate | A+ | $3,208 | 2.04 | 3.69 |
| Travelers | A++ | $9,145 | 0.6 | 3.36 |
Cheapest home insurance companies in Arkansas
Below are Arkansas home insurance rates by company for six different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our rate analysis, you’ll see Shelter Insurance has the most affordable rates in almost every category.
| Company | $200,000 | $300,000 | $400,000 | $500,000 | $600,000 |
|---|---|---|---|---|---|
| Shelter Insurance | $1,943 | $2,701 | $3,522 | $4,407 | $5,216 |
| Farm Bureau Insurance Co | $2,375 | $3,088 | $3,739 | $4,356 | $4,972 |
| State Farm | $2,390 | $3,084 | $3,774 | $4,665 | $5,499 |
| Allstate | $2,726 | $3,208 | $3,720 | $4,272 | $4,822 |
| USAA | $2,808 | $3,547 | $4,138 | $4,690 | $5,226 |
| Nationwide | $3,199 | $4,642 | $6,119 | $7,707 | $8,686 |
| Farmers | $3,503 | $4,259 | $4,680 | $5,375 | $6,079 |
| Auto-Owners | $3,647 | $4,707 | $5,839 | $7,069 | $8,668 |
| Travelers | $7,795 | $9,145 | $9,504 | $9,673 | - |
Arkansas home insurance rates by ZIP code
Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Arkansas to see which areas are the most and least expensive.
The most expensive ZIP codes in Arkansas for home insurance
Arkansas homeowners insurance rates are the most expensive for ZIP code 72540 with an average annual cost of $5,510.
The most expensive ZIP codes in Arkansas are:
| ZIP code | Average annual rates |
|---|---|
| 72540 | $5,510 |
| 72573 | $5,472 |
| 72577 | $5,469 |
| 72536 | $5,397 |
| 72517 | $5,317 |
| 72561 | $4,994 |
The least expensive ZIP codes in Arkansas for home insurance
The cheapest ZIP codes for home insurance in Arkansas are:
| ZIP code | Average annual rates |
|---|---|
| 72721 | $3,323 |
| 72959 | $3,360 |
| 72737 | $3,367 |
| 72752 | $3,378 |
| 72740 | $3,381 |
| 72729 | $3,385 |
