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Cheap Auto Insurance in Arkansas: Best Companies & Quotes
Arkansas families look for the best ways to save money when they can. Working within a budget no matter how much money you earn each year is always wise, and it’s something you must do if you want to succeed in living a life of financial freedom. One way to find savings in your monthly budget is to shop around for the best car insurance rates. In Arkansas, national data shows the least expensive annual premium on average comes from Farmers Insurance Company with a car insurance quote of $288 per year. This is a low price, and it’s one many drivers and vehicle owners want to take advantage of. Before you switch your car insurance company, though, it’s imperative to understand how your rates are affected, how to get the best rates, and why you might not be offered the same low rates as others
Best Car Insurance Companies in Arkansas
- State Farm
|AM Best Financial Strength Rating||A+||A++||A++||A++||A++||A+|
|JD Power 2019 Overall Customer Satisfaction score||3/5||3/5||N/A||3/5||4/5||3/5|
|Avg Annual Premium||$910||$490||$951||$484||$248||$486|
|Consumer Reports Reader Score||72||78||4/5||78||92||75|
|BBB Rating||A+||A+||A+||B+||Not Rated||A+|
Auto Insurance Statistics in Arkansas
Car insurance rates in Arkansas have stayed reasonably low for many years according to data released by the NAIC.org.
Top 10 Cheapest Car Insurance Companies in Arkansas
|Rank||Company Name||Avg. Annual Premium|
|5||Southern Farm Bureau||$1,384|
Drunk Driving Fatalities
An annual report put out by the National Highway Traffic Safety Administration revealed that Arkansas has seen a sharp decline in drunk driving deaths in 2012 and 2013. However, the year 2014 showed a major increase in incidences of drunk driving fatalities.
Drunk Driving Fatalities in Arkansas from 2013 to 2017
Teen Drinking and Driving
In Arkansas, teen drinking has been high, however, it has not yet surpassed the national average for teen drinking according to The Center for Disease Control. It is important to warn any teen drivers in your household about the potential dangers inherent in drinking while intoxicated. Early intervention and prevention are the best ways to avoid fatalities from drinking and driving.
Teen Drinking & Driving in Arkansas vs. Nationwide (2017)
SR-22 Insurance in Arkansas
For drivers in the state of Arkansas that have been convicted of not purchasing insurance or driving under the influence, they will need to purchase an SR-22 insurance policy to regain their license. This is a form of insurance policy that is given to state authorities to ensure that you have ample coverage.
In Arkansas, you are required to have this type of insurance for three years after you start driving again. If you do plan on purchasing an SR-22 insurance policy in Arkansas, make sure that you shop around for different rates — your flawed driving record can drive up prices.
Car Theft in Arkansas
The Federal Bureau of Investigation reports the national average of car theft to be about 215 while in Arkansas, the statistics show a lower amount. To protect against vehicular theft, it is recommended to get comprehensive car insurance coverage. This type of coverage may be more expensive upfront but in the long run, the added protection will be worth it.
Vehicle Thefts by Rank Nationwide vs. Arkansas
Uninsured Motorists in Arkansas
Uninsured and underinsured motorist coverage provides reimbursements for drivers in Arkansas who have been in an accident where the other driver was underinsured or uninsured. The below statistics show how well Arkansas ranks in the total number of reported uninsured motorists in the state in the year 2015.
Percentage of uninsured drivers (Top 10 States in 2015)
Source: Insurance Information Institute
How to Get the Lowest Rates for Car Insurance in Arkansas
It’s a simple process to obtain the lowest possible car insurance rates, but it’s not always something you can achieve. The better your driving record the lower the fee you will pay each year. If you have numerous tickets, accidents, and a bad driving record as a whole, you’ll pay far more. If you want the lowest possible rates, you’ll want to see if you fall into these categories:
- Be a younger woman or an older man
- Get married
- Live somewhere without much traffic or population
- Drive a car no one wants to steal
- Have good credit
Unfortunately for many Arkansas drivers, you can’t change much of this. If you’re an older woman, your rates might be higher than those of your husband as statistically, it’s older men who are better drivers than older women. The same goes for young men. They are traditionally considered more likely to become involved in accidents, therefore they must pay higher rates. Married couples pay lower rates, and many auto insurance companies base your rates on how densely populated your neighborhood is. All insurance companies check your credit before they approve you for a policy, and bad credit means you’re going to pay a much higher insurance premium no matter how good your driving record is.
The Best Arkansas Insurance Rates
There’s always an option available for you in Arkansas. Just because one company offers the lowest rates on average doesn’t mean it’s the right company for you. Your driving record and personal information affect your rates, so you might shop around to find the best rates. With dozens of insurance companies from which to choose, Arkansas statistics show most people find the lowest rates with companies such as the following:
- Horace Mann Property & Casualty Insurance Company
- Safeco Insurance Company of Illinois
- USAA General Indemnity Company
- American National General Insurance Company
- United Home Insurance Company
Many residents in Arkansas aren’t even aware some of these companies offer insurance for their vehicles, and they overlook them in the process of finding an insurance company. This is why it’s imperative to do your homework to understand what’s available to you and how you can get the best possible rates.
Lowering Your Premium
While shopping for an insurance policy, be aware that several factors can change the price of your premium. If you have a car with a security system, an alarm, safety features such as backup cameras and lane change assistance, you can get a lower rate. These features make driving safer, and they make your job a bit easier. Tell your insurance company if your car has any of these features, and you might see a discount on the overall cost of your insurance premium.
One more thing to take note of when shopping for a premium in Arkansas is that you might be able to save significantly on your policy by forgoing monthly payments and paying upfront. Most companies charge a small fee of approximately $5 per month to auto debit or bill you directly, which can add up to $60 per year in fees. Pay your premium up front and many companies will also off you a small discount for doing so. You can save around $100 per month doing this, which makes your insurance premium as cheap as possible.
Types of Auto Insurance Coverage in Arkansas:
- Uninsured/Underinsured Motorist Bodily Injury Insurance
- Uninsured Motorist Property Damage Insurance
- Bodily Injury Liability Insurance
- Property Damage Liability Insurance
- Comprehensive Insurance Coverage
Minimum Requirements for Car Insurance in Arkansas
There are minimum requirements for car insurance in the state of Arkansas. According to the Arkansas State Insurance Department, it is mandatory to carry at all least liability coverage when driving on roadways in the state of Arkansas. Failing to do so can have very serious consequences including suspension of registration or driver’s license.
Arkansas Liability Coverage minimums are as follows:
- $25,000 for property-damage liability coverage
- $25,000 for single-person bodily injury or death coverage
- $50,000 for multiple-person bodily injury or death coverage
New Driver Licensing in Arkansas
To obtain a driver license in Arkansas, all drivers are mandated to take specific written and vision tests. The vision test must be passed with a score of 20/40 for a standard license and a score of 20/50 for a restricted license. To pass the written test, drivers must study from the driver study guide which includes all of the required information. The final test is a road test which is given by the Arkansas State Police.
Cheap Auto Insurance Discounts
At Cheap Auto Insurance, we strive to help you get the very best deals when you buy car insurance online. Browse through the list below to see if you can take advantage of any of these discounts on car insurance.
- Anti-theft discount
- Mature driver discount
- Multi-car auto insurance discount
- Senior citizen discount
- Military or Veteran discount
- Infrequent usage discount
- Car safety features discount
- Low-mileage discount
- Good student discount
- Defensive driving discount
- Bundling insurance policies discount
General Information on Arkansas Auto Insurance
The most basic things you would have to know about your car insurance, you will find here.
Who does auto insurance in Arkansas?
You can avail of your car insurance from insurance companies that either solely serves the auto insurance market or are also offering their services in other fields. Related: What is a deductible on car insurance?
What is a legal auto insurance in Arkansas?
An auto insurance agent is required to have passed the licensure issued by the Arkansas Insurance Department. To ensure the legitimacy of the insurance you’re eyeing, only get a policy from them.
What is a legal proof of car insurance in Arkansas?
An SR-21 is considered a proof of having car insurance. However, there are other ways to confirm your coverage such as the testimony of the insurance company. If you’re working with local car insurance agents they can give you this proof.
What is a full car insurance coverage in Arkansas?
Such as with any other state, there is no such thing as full coverage. What exists is a comprehensive insurance where you’ll be covered in multiple situations. If you need a quote then do a search for cheap full coverage auto insurance near me or fill out our form above.
What are the minimum requirements for car insurance in Arkansas?
The state requires an insurance covering $25,000 for bodily injury, per person; $50,000 for total bodily injury per accident, if multiple people were injured in said accident; and $25,000 for property damage, per accident. Typically when people are searching for cheap car insurance quotes this is the kind of minimum coverage they can expect.
What is the difference between stacked and unstacked car insurance in Arkansas?
Stacked means you multiply your default coverage by the number of cars included in your policy. For example, if you have two cars and a default 100/300 coverage, the limits would increase to 200/600.
Accidents and How to Deal with Them
Even if you have insurance, getting into an accident is no walk in the park. With this section, you should be able to make better decisions to protect your interests.
Is there a limit to how much you can sue an auto insurance for in Arkansas law?
Arkansas does not have caps on injury cases. So, if an insurance company fails to give you the right compensation, you can take him to court.
Can you choose where you have your car repaired in Arkansas on an insurance claim?
Your insurer can only recommend a car repair shop but can never dictate where you can go to.
How do I get a rental car from insurance claim after car breaks down with Arkansas Farm Bureau?
You first need to file a claim. You can rent on your own even before you speak to the insurance adjuster and still be reimbursed for what you spent.
What is the statute of limitations on car accident insurance in Arkansas?
There is a three-year statute for all personal injury and wrongful death claims, including car accidents.
How do I sign a car title over to insurance Arkansas?
You simply have to fill out the forms they ask for and give the title of the car. Then, the insurance company will take care of the rest. Related: Where can I find salvage title insurance?
What do I do if someone hits your car with no insurance in Arkansas?
As Arkansas is a no fault state, you have no choice but to contact the insurance company to pay for everything. You can only sue the at-fault driver once the damages reach a certain threshold.
How long does a company have to settle my rental car insurance claim in Arkansas?
There’s no determined number of days, but an insurance adjuster would usually first contact you within 72 hours of filing.
How long does my insurance have to pay claim after car is total loss in Arkansas?
Once that an amount has been agreed upon, an insurance company must pay this amount within 30 days.
What happens when insurance totals your car Arkansas?
Instead of getting compensated for repairs, they would buy your car at its determined value before the accident.
What happens in court if I got in a car accident without insurance in the state of Arkansas?
Because you’re in Arkansas, you don’t have to worry about that unless the damage is great. However, you would still be fined and have your license suspended either way.
In Arkansas, can an insurance company dictate how long it takes to fix a car?
No, the car repair shop does. The insurance only negotiates the amount they’d pay.
What happens if you do not call auto insurance company in Arkansas after accident?
Nothing. By law, you’re not required to call them especially if the accident didn’t do a lot of damage to prevent your rates from going to the roof.
Auto Insurance Requirements
This section would cover things you have to know to get the right auto insurance for you.
What agency in Arkansas regulates auto insurance?
The Arkansas Insurance Department regulates and monitors all insurance companies including auto insurance.
In Arkansas, how long after buying a car are you required to get insurance?
Right away. While your insurance company may provide some grace period, it is simply not worth getting caught without an insurance. If you want a convenient option then just buy car insurance online which can be done even from your phone while at the dealership.
Who in household is required to be on car insurance plan Arkansas?
The ones who would be using the car because in this state, the insurance ‘follows the person.’
What are the insurance requirements for a bonded titled car in Arkansas?
There’s no special insurance for that because getting your car bonded only means that you did not purchase it under fraudulent circumstances.
What auto insurance does Arkansas require?
There’s no requirement per se where you’d get it and the exact coverage you’d get. However, your insurance should cover the minimum required by the state. Look for ways to save such as military car insurance discounts or good student offers.
What insurance do I need in Arkansas for owned car?
The same as with a newly-purchased car. All privately-owned vehicles, regardless of how they were acquired, does not need any special type of insurance. However if you have a classic car then you may want collector car insurance.
When you rent a car in Arkansas, do you have to have full coverage insurance?
If you already have a comprehensive insurance that covers collision, you don’t. However, if you only got the minimum required, it might be worth looking into.
Why do auto insurance companies need your driver’s license in Arkansas?
It is assumed that you plan to drive (which requires a driver’s license) when you get an auto insurance policy. However, it is possible to acquire one even without a driver’s license such as if you have a teenage driver or a personal chauffer. Learn more about no drivers license insurance policies.
What is the new car insurance transfer period in Arkansas?
This is something determined by insurance companies and not the state. Check with your insurer to know the specifics. Some people like to get short term car insurance until they’re ready to commit to a long term policy on a car.
Auto Insurance Costs and Related Concerns
Find out more about auto insurance pricing in the state and other information related to that matter.
How much is the average car insurance in Arkansas?
Data shows that the average cost of auto insurance in the state is $840. Compare this average car insurance cost to that other other states.
How much does teen car insurance cost in Arkansas?
Teenage drivers usually pay four times as much as someone in his 20s, so you can expect the rate to be aroung $3,360.
Why is car insurance so expensive in Arkansas?
This is not true at all. The nation average is $1,512 which is nearly double the state average. So as you can see it is very possible to find affordable auto insurance in Arkansas.
How much did car insurance go up in Arkansas in 2018?
Since 2015, average rates have only gone up by $150.
How much does a DUI increase car insurance in Arkansas?
How do I save money on car insurance Arkansas?
How much more does it cost to add a child to my car insurance in Arkansas?
Your current rates can increase by 158 percent by adding a teenage driver to your policy.
What is the cheapest city in Arkansas for car insurance?
As the rates in the state are correlated with population, Lake Village which is one of the smaller cities in Arkansas is the cheapest place to get car insurance.
How does Arkansas insurance compare to Illinois?
Depending on your zip code of course Illinois car insurance is actually a bit cheaper than Arkansas. That being said this could be completely different if you’re talk about about specific types of insurance such as SR22 Illinois policies.
Why is motorcycle insurance so cheap?
Motorcycle insurance is so cheap because motorcycles cost less than cars and don’t cause as much damage as cars do in a crash. Get a motorcycle insurance quote to see what rates would be in your state.
Getting a Car Insurance
Find out how you can get a great auto insurance as well as insurance company recommendations based on already existing information and reviews.
How do I buy car insurance in Arkansas?
You can look for an agent or apply online. Usually, they’d only need your complete name and address, along with your driver’s license and some information on your car. If you just need temporary coverage then look at companies that offer one day car insurance or longer.
What is recommended for auto insurance liability amounts for Arkansas?
The state’s recommendation is expressed through the minimum requirements. However, an insurance company would always recommend higher coverage. For a liability only insurance quote enter your zip code above.
What do I need to get car insurance in Arkansas?
The requirements are very minimal. For example, you need only to provide your name, address, and driver’s license. Unless you’re not from the state, there are no special requirements that you need to prepare.
How do I renew my car insurance in Arkansas?
As your insurance can’t lapse, the insurance company would automatically send you your updated quotes before the termination of the contract. You can choose to continue with them or find a new one before your coverage expires.
How can my 20 year old daughter get car insurance in Arkansas?
When do I have to add my son to car insurance in Arkansas?
If your son already has a driver’s permit, adding him to your insurance would help protect you financially should he get into an accident.
Where can I get car insurance in Arkansas online?
All major insurance companies already allow you to apply online. However, if you want to review all of your choices, we recommend visiting sites that will allow you to compare car insurance rates.
What is the address for All About Auto Insurance in West Memphis, Arkansas?
Here is their address:
315 W Broadway # A, West Memphis, AR 72301, USA
What are the top ranked car insurance companies in Arkansas?
Top review sites list Allstate, Shelter Insurance, Farmers, and Safeco Insurance as the best in the state. If you’re trying to decide to go with Allstate or State Farm then check out our review.
Who has the cheapest auto insurance in Arkansas?
Farmers was listed as the cheapest followed by Horace Mann, Safeco, USAA, ANPAC, and American Family. Read more about who has the cheapest car insurance.
What is a cheap liability only auto insurance in Arkansas?
If you plan to get just the minimum, it can go for as cheap as $288 per year.
Which insurance companies offer rideshare TNC coverage in Arkansas?
Currently, only CoverHound and Farmers offer TNC coverage in the state.
How do I transfer Kansas insurance to Arkansas?
You don’t actually transfer an insurance policy. States have different laws so if you’re permanently moving you will need a new policy. This is espcially true if you have sr22 insurance in Kansas.
With everything covered, find out about certain penalties and consequences that you may get in relation to your car insurance.
What is the penalty for car insurance lapse in Arkansas?
There’s a fine ranging from $50 to $1,000. But on your third offense, you may face up to one year of incarceration.
How long do accidents affect car insurance in Arkansas?
Minor accidents would only matter to the insurance companies for three years, but bigger ones such as DUIs or those involving deaths would be a red flag for them for as long as ten years.
Why do auto insurance companies in Arkansas charge more for a policy if you had a suspended license?
If the license suspension is because of driving-related offenses, it is a response to your being deemed an increased risk. However, if it’s not because of driving-related offenses, it may not affect your premium at all.
Top Cities in Arkansas
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