Cheapest Car Insurance In Arkansas (2024) (original) (raw)
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, Writer
10/18/2024 08:01 AM
Key Points
- USAA is the cheapest car insurance company in Arkansas overall, with an average rate of $22 per month for minimum coverage and $119 per month for full coverage.
- GEICO and State Farm also offer affordable car insurance rates for many driver profiles.
- If you are under 25 years old or have traffic violations, your car insurance rates will be higher than the average.
- You can save on car insurance by opting for minimum coverage, looking for discounts, increasing your deductible, and bundling your auto insurance with other policies.
Due to the increasing costs of car insurance, it is advisable for drivers in Arkansas to compare different policies in order to find the most cost-effective coverage. Our reviews team has researched the best car insurance companies nationwide. We closely examined how each provider is known, how satisfied customers are, what coverage options they offer, and what the average cost is.
In this article, we will discuss effective methods to reduce your insurance expenses and show you where to find the most affordable car insurance in Arkansas that suits your driving background.
Cheap Car Insurance Arkansas
Different car insurance companies have varying ways of assessing driver profiles, meaning that the provider that is the cheapest for one driver may not necessarily be the cheapest for another. To illustrate this point, here is a summary of the lowest-cost auto insurance providers and their rates for different driver profiles in Arkansas.
| Cheapest Car Insurance Company | Average Monthly Cost | Average Annual Cost | |
|---|---|---|---|
| Minimum coverage | USAA | 22∣22 | 22∣268 |
| Full coverage | USAA | 119∣119 | 119∣1,427 |
| 16-year-olds | GEICO | 103∣103 | 103∣1,231 |
| 45-year-olds | USAA | 20∣20 | 20∣236 |
| High-risk drivers | USAA | 34∣34 | 34∣411 |
| After a speeding ticket | USAA | 27∣27 | 27∣323 |
| After an accident | USAA | 33∣33 | 33∣392 |
| After a DUI | State Farm | 41∣41 | 41∣498 |
| Poor credit drivers | USAA | 22∣22 | 22∣268 |
*Unless stated otherwise, average costs are minimum-coverage rates for single male drivers between the ages of 25 and 35 with a clean driving history.
What Is The Cheapest Car Insurance Company In Arkansas?
In general, we discovered that USAA provides the least expensive car insurance in Arkansas for most types of drivers. The following sections will cover the average monthly costs of both minimum- and full-coverage car insurance from the cheapest companies in Arkansas.
These rates apply to drivers in Arkansas who come from various age groups, locations, and driving experiences. The cheapest companies are organized by minimum coverage costs.
Cheapest Minimum Coverage In Arkansas: USAA
Drivers looking for the most affordable coverage that just meets Arkansas state minimum requirements may find it at USAA for about $22 per month or $268 per year on average.
| Cheapest Car Insurance in Arkansas | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| USAA | 22∣22 | 22∣268 |
| GEICO | 35∣35 | 35∣417 |
| State Farm | 38∣38 | 38∣458 |
| Progressive | 38∣38 | 38∣461 |
| Alpha | 41∣41 | 41∣487 |
| Auto-Owners | 45∣45 | 45∣541 |
| Shelter | 48∣48 | 48∣579 |
| Farmers | 68∣68 | 68∣816 |
| Allstate | 73∣73 | 73∣881 |
Cheapest Full Coverage In Arkansas: USAA
If you want extensive coverage at the best price, USAA is the best choice. The provider offers full-coverage insurance for an average of $119 per month.
Full-coverage insurance policies in Arkansas generally include liability insurance, uninsured/underinsured motorist coverage, collision coverage, and comprehensive insurance.
| Cheapest Car Insurance in Arkansas | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| USAA | 119∣119 | 119∣1,427 |
| GEICO | 175∣175 | 175∣2,102 |
| Auto-Owners | 178∣178 | 178∣2,136 |
| Shelter | 178∣178 | 178∣2,140 |
| State Farm | 188∣188 | 188∣2,261 |
| Progressive | 215∣215 | 215∣2,575 |
| Farmers | 253∣253 | 253∣3,035 |
| Allstate | 267∣267 | 267∣3,205 |
| Alpha | 309∣309 | 309∣3,714 |
Cheapest Car Insurance In Arkansas: Age
Below, you’ll find average insurance costs for Arkansas drivers ages 16 to 55 as well as the top five most affordable car insurance companies for each age group. Drivers aged 30 to 55 usually receive lower car insurance rates since they have more road experience and are less likely to be involved in accidents compared to younger drivers.
Average Car Insurance Rates By Age
| Age | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| 16 | 228∣228 | 228∣867 |
| 25 | 50∣50 | 50∣229 |
| 35 | 41∣41 | 41∣189 |
| 45 | 39∣39 | 39∣179 |
| 55 | 37∣37 | 37∣165 |
Cheapest Arkansas Car Insurance: Young Drivers
As mentioned, drivers in their teens and early 20s typically pay the most expensive car insurance rates. This is mostly because these drivers have not driven for a long time and are more likely to break traffic rules and get into car accidents.
In fact, the fatal crash rate per mile driven for teen drivers was nearly three times the rate for drivers 20 years old and older in 2021, according to the Insurance Institute for Highway Safety.
Cheapest Arkansas Car Insurance For 16-Year-Olds: GEICO
If you’re a teen driver or the parent of one, GEICO may be your best bet for finding the most affordable car insurance in Arkansas.
The company’s cheapest average rates for 16-year-old drivers are $103 per month or $1,231 per year, which is relatively affordable compared to other states. If you’re looking for full coverage, the average is $511 per month or $6,126 per year from Auto-Owners.
| Cheapest Car Insurance in Arkansas | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| GEICO | 103∣103 | 103∣601 |
| USAA | 107∣107 | 107∣516 |
| Alpha | 151∣151 | 151∣917 |
| Auto-Owners | 155∣155 | 155∣511 |
| State Farm | 161∣161 | 161∣625 |
| Shelter | 181∣181 | 181∣615 |
| Progressive | 248∣248 | 248∣1,183 |
| Allstate | 447∣447 | 447∣1,325 |
| Farmers | 499∣499 | 499∣1,511 |
Cheapest Arkansas Car Insurance For 25-Year-Olds: USAA
Car insurance rates for young drivers in their 20s decrease significantly compared to what teen drivers pay. However, depending on the company you choose, the rates for this age group can still be expensive.
USAA provides the cheapest car insurance costs on average at $24 per month or $287 per year for minimum coverage. USAA costs $129 per month or $1,554 per year for full coverage.
| Cheapest Car Insurance in Arkansas | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 24∣24 | 24∣129 |
| GEICO | 36∣36 | 36∣183 |
| Progressive | 42∣42 | 42∣226 |
| State Farm | 42∣42 | 42∣212 |
| Alpha | 47∣47 | 47∣353 |
| Auto-Owners | 53∣53 | 53∣205 |
| Shelter | 56∣56 | 56∣205 |
| Farmers | 74∣74 | 74∣268 |
| Allstate | 74∣74 | 74∣282 |
Cheapest Arkansas Car Insurance: Adult Drivers
Auto insurance rates are typically lowest for drivers in their 40s. You can compare typical car insurance expenses of drivers in their 30s, 40s, and 50s from the top five cheapest companies for each age group below.
Cheapest Arkansas Car Insurance For 35-Year-Olds: USAA
Drivers in their mid-30s may insure their cars at the cheapest cost by getting a minimum coverage car insurance policy from USAA. The company offers average minimum-coverage costs of $21 per month or $248 per year. For full coverage, USAA’s rates average $108 monthly or $1,300 annually.
| Cheapest Car Insurance in Arkansas | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 21∣21 | 21∣108 |
| GEICO | 34∣34 | 34∣167 |
| State Farm | 34∣34 | 34∣165 |
| Alpha | 35∣35 | 35∣266 |
| Progressive | 35∣35 | 35∣203 |
| Auto-Owners | 37∣37 | 37∣152 |
| Shelter | 40∣40 | 40∣152 |
| Farmers | 62∣62 | 62∣237 |
| Allstate | 73∣73 | 73∣252 |
Cheapest Arkansas Car Insurance For 45-Year-Olds: USAA
Forty-five-year-old drivers may find the most affordable minimum coverage from USAA, with average rates of $20 per month or $236 per year. The cheapest full coverage comes from USAA at $102 per month or $1,226 per year.
| Cheapest Car Insurance in Arkansas | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 20∣20 | 20∣102 |
| Progressive | 33∣33 | 33∣183 |
| Alpha | 33∣33 | 33∣253 |
| GEICO | 34∣34 | 34∣159 |
| Shelter | 34∣34 | 34∣131 |
| State Farm | 35∣35 | 35∣162 |
| Auto-Owners | 35∣35 | 35∣147 |
| Farmers | 57∣57 | 57∣218 |
| Allstate | 73∣73 | 73∣252 |
Cheapest Arkansas Car Insurance For 55-Year-Olds: USAA
Generally, USAA is known to offer the most affordable car insurance rates in Arkansas for drivers in their 50s. The insurer’s average premiums are $19 monthly or $228 annually for minimum coverage. The cheapest full coverage option is from USAA, costing $102 monthly or $1,226 annually
| Cheapest Car Insurance in Arkansas | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 19∣19 | 19∣97 |
| GEICO | 29∣29 | 29∣139 |
| Progressive | 30∣30 | 30∣159 |
| Shelter | 31∣31 | 31∣117 |
| Alpha | 31∣31 | 31∣239 |
| Auto-Owners | 33∣33 | 33∣137 |
| State Farm | 34∣34 | 34∣152 |
| Farmers | 53∣53 | 53∣202 |
| Allstate | 75∣75 | 75∣247 |
Cheapest Car Insurance In Arkansas: High-Risk Drivers
Besides the type of coverage and age, the way you drive greatly influences how much you will spend on car insurance. Auto insurers typically determine if you’re a high-risk driver by looking at how many infractions are on your driving record, including speeding tickets, at-fault accidents, and DUI convictions.
Average Car Insurance Rates For High-Risk Drivers
Drivers with a lot of driving offenses pay more for their car insurance because they are considered high-risk. On average, Arkansas motorists who are deemed high-risk may find the most affordable rates from USAA for minimum coverage or USAA for full coverage.
| Cheapest Car Insurance in Arkansas | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 34∣34 | 34∣181 |
| State Farm | 43∣43 | 43∣205 |
| GEICO | 51∣51 | 51∣256 |
| Progressive | 51∣51 | 51∣285 |
| Alpha | 67∣67 | 67∣455 |
| Shelter | 71∣71 | 71∣235 |
| Auto-Owners | 79∣79 | 79∣321 |
| Farmers | 92∣92 | 92∣335 |
| Allstate | 98∣98 | 98∣352 |
Cheapest Arkansas Car Insurance For Drivers With A Speeding Ticket: USAA
Drivers with a speeding citation on their record can generally find the most affordable coverage from USAA, with average rates of $27 per month or $323 per year for minimum coverage and $142 per month or $1,709 per year for full coverage.
| Cheapest Car Insurance in Arkansas | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 27∣27 | 27∣142 |
| GEICO | 39∣39 | 39∣204 |
| State Farm | 41∣41 | 41∣200 |
| Progressive | 50∣50 | 50∣275 |
| Shelter | 60∣60 | 60∣210 |
| Alpha | 62∣62 | 62∣439 |
| Auto-Owners | 63∣63 | 63∣271 |
| Allstate | 85∣85 | 85∣310 |
| Farmers | 87∣87 | 87∣325 |
Cheapest Arkansas Car Insurance For Drivers With An At-Fault Accident: USAA
Getting into a car accident in Arkansas can also make your car insurance rates go up. USAA tends to offer the most affordable rates on average at about $33 per month or $392 per year for minimum coverage and $168 per month or $168 per year for full coverage.
| Cheapest Car Insurance in Arkansas | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 33∣33 | 33∣168 |
| State Farm | 46∣46 | 46∣215 |
| GEICO | 52∣52 | 52∣265 |
| Progressive | 58∣58 | 58∣317 |
| Alpha | 70∣70 | 70∣473 |
| Shelter | 72∣72 | 72∣228 |
| Auto-Owners | 72∣72 | 72∣299 |
| Farmers | 95∣95 | 95∣347 |
| Allstate | 111∣111 | 111∣393 |
Cheapest Arkansas Car Insurance For Drivers With A DUI: State Farm
If you’re a motorist with a drunk driving conviction, you may find the cheapest minimum car insurance in Arkansas from State Farm for $41 per month or $498 per year on average. They also have rates of $200 monthly or $2,405 annually for full coverage.
| Cheapest Car Insurance in Arkansas | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| State Farm | 41∣41 | 41∣200 |
| USAA | 43∣43 | 43∣233 |
| Progressive | 47∣47 | 47∣262 |
| GEICO | 63∣63 | 63∣299 |
| Alpha | 67∣67 | 67∣452 |
| Shelter | 81∣81 | 81∣266 |
| Farmers | 94∣94 | 94∣334 |
| Allstate | 97∣97 | 97∣354 |
| Auto-Owners | 101∣101 | 101∣392 |
Cheapest Arkansas Car Insurance For Drivers With Poor Credit: USAA
People who have bad credit have to pay more money for their car insurance. Those who don’t have the best credit history may want to check out USAA, which has an average minimum-coverage rate of $35 per month or $418 per year and an average full-coverage rate of $211 per month or $2,531 per year.
| Cheapest Car Insurance in Arkansas | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 35∣35 | 35∣211 |
| Alpha | 41∣41 | 41∣309 |
| GEICO | 48∣48 | 48∣272 |
| Progressive | 60∣60 | 60∣369 |
| Shelter | 86∣86 | 86∣347 |
| Farmers | 98∣98 | 98∣381 |
| Allstate | 103∣103 | 103∣452 |
| Auto-Owners | 124∣124 | 124∣521 |
| State Farm | 192∣192 | 192∣933 |
Average Cost Of Car Insurance In 10 Arkansas Cities
In Arkansas, the area you live in also affects the cost of your car insurance. Auto insurance companies consider drivers riskier to cover in areas with:
- Larger groups of people
- There are a greater number of cars driving on the roads.
- More frequent car accidents
- More instances of breaking traffic laws.
- More incidents of car theft and slashed tires
- Extreme weather conditions
Certain factors that increase the likelihood of risks tend to have a greater impact on people who own cars in larger cities. As a result, drivers in busy cities have to pay a higher average price for car insurance with minimum coverage. On the other hand, drivers in less populated rural areas with lower crime rates are more likely to have access to car insurance at lower rates.
| City | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Conway | 44∣44 | 44∣174 |
| Little Rock | 57∣57 | 57∣213 |
| Fort Smith | 45∣45 | 45∣172 |
| Jonesboro | 48∣48 | 48∣179 |
| Springdale | 43∣43 | 43∣166 |
| Pine Bluff | 50∣50 | 50∣210 |
| Jacksonville | 49∣49 | 49∣184 |
| Van Buren | 43∣43 | 43∣172 |
| Benton | 48∣48 | 48∣193 |
| Fayetteville | 43∣43 | 43∣169 |
Best Car Insurance In Arkansas
We looked at more than 40 insurance companies in Arkansas to find the top five. We considered their coverage, service, and reliability, as well as the cost. Based on our research, we found USAA to be the best provider for most drivers in Arkansas. Here are the ratings we gave our top choices.
| Overall Rating | Cost | Coverage | Reliability | Service | |
|---|---|---|---|---|---|
| #1 State Farm | 4.7 | 4.3 | 4.6 | 5.0 | 4.5 |
| #2 GEICO | 4.5 | 4.2 | 4.2 | 4.9 | 4.3 |
| #3 Progressive | 4.5 | 4.0 | 4.8 | 4.8 | 4.1 |
| #4 USAA | 4.5 | 4.7 | 4.8 | 4.5 | 4.3 |
| #5 Allstate | 4.4 | 3.8 | 4.6 | 4.8 | 4.2 |
*The overall and category ratings above are based on nationwide factors.
How To Get The Cheapest Car Insurance In Arkansas
In Arkansas, you have multiple options for reducing the amount you pay for car insurance. These include:
- Opting for minimum coverage: Choosing to have just the basic coverage that your state demands is the most affordable way to get car insurance.
- Seeking out discounts: Most insurance companies have multiple discounts that can help cut down on premium costs, from military and good student discounts to discounts for drivers that remain accident free for five years.
- Raising your deductible: A higher deductible will lower your premium costs, but you’ll have to pay more out of pocket if you file a claim.
- Bundling your auto insurance: You can often bundle your auto insurance with a homeowners insurance policy or other type of coverage to earn a discount.
- Comparing quotes: Getting quotes from different companies can give you an idea of which provider will give you the best offer.
Many insurance companies also provide usage-based insurance programs, which can help you save money. These programs use telematics to monitor your driving habits–from your speed and braking to the time of day you drive. If you drive safely, you may be eligible for a significant discount, but certain programs might increase your rates if you engage in risky driving behaviors.
Some companies also offer diminishing deductibles and accident forgiveness. A diminishing deductible option decreases your deductible amount each time you renew your policy. Accident forgiveness ensures that your rates won’t increase after your first accident with the company.
What Does Arkansas Require For Car Insurance?
Drivers in Arkansas must meet minimum insurance requirements as outlined by state law, which include basic liability insurance and uninsured/underinsured motorist (UM/UIM) coverage:
- $50,000 bodily injury liability per accident
- $25,000 bodily injury liability per person
- $25,000 property damage liability per accident
Liability coverage only takes care of other parties’ injuries and property damages in an accident that you cause. UM/UIM covers your injuries and property damages, but only in the case that the at-fault driver has little to no auto insurance.
Getting comprehensive insurance will ensure that your car is covered if stolen, vandalized, or damaged by floods, fire, animals, or other natural disasters. Collision insurance covers your car repairs after an accident.
Our Take: Cheap Car Insurance In Arkansas
When it comes to both minimum and full coverage, USAA is the best and cheapest car insurance company for most drivers in Arkansas. While the above costs can give you an idea of what you’d pay for car insurance in Arkansas, getting a personalized quote will help give you a more accurate picture of what you’ll pay.
Many companies provide quick and free online tools for getting quotes. Alternatively, you can directly contact an insurance agent or representative at the company. Once you have gathered quotes from at least three providers, compare them to choose the best option for you.
Best Cheap Car Insurance In Arkansas: FAQ
Here are some frequently asked questions about car insurance in Arkansas:
How much is car insurance in Arkansas?
The average cost of minimum-coverage car insurance in Arkansas is $45 per month or $545 per year. For full coverage, the average is $209 per month or $2,511 per year.
Is Arkansas car insurance cheaper?
Arkansas auto insurance is typically cheaper than the national average. Nationwide, the average cost of minimum-coverage insurance is 670peryear,whiletheaverageinArkansasis∗∗670 per year, while the average in Arkansas is 670peryear,whiletheaverageinArkansasis∗∗545 per year. For full coverage, residents of Arkansas pay about $2,511 per year on average, which is more than the national average of $2,216 per year.
How We Rate Insurers
Our review process aims to deliver consistent and unbiased assessments of car insurance providers. While there are multiple qualities that make a car insurance company successful, our review team focuses on those we believe are the most important for consumers:
- Cost: Cost can be difficult to compare between insurers because so many factors impact annual premiums. The cheapest insurer for one driver may not be the cheapest for another. To determine our cost score, we look at insurance rate estimates generated by Quadrant Information Services, discount opportunities, and consumer reports.
- Coverage: To determine our coverage score, we look at the number of coverage options available as well as coverage limits and deductible options. Our ratings also take into account additional services and benefits like roadside assistance.
- Reliability: It’s important that an auto insurer is able to meet its claims obligations. Companies with a strong financial strength rating from AM Best score best in this category. Established insurers with a long history of reliable service also receive positive marks.
- Service: We comb through customer reviews on sites like the Better Business Bureau (BBB) to learn about customer experiences. Insurers with a low volume of complaints score well in this area. We also consider the claims process, giving higher ratings to car insurance providers that offer easy-to-use claims apps.
*Data accurate at time of publication.