In a Nutshell
How much you pay for car insurance depends on various individual factors like your credit score, vehicle type, driving history and age. We’ve crunched the numbers to find the average cost of car insurance in Arkansas and some of the lowest-cost insurers for minimum coverage in the state based on several different driver profiles.Note from our editor: Maybe you’re searching for car insurance for the first time or want to do some insurance shopping to help lower your monthly premium? This article can serve as a starting point for your car insurance research. There are a lot of factors when it comes to the cost of car insurance, so while you may not see the exact premiums we’ve researched, they can give you an idea of some of the insurers offering the cheapest rates in your state.
In 2019, drivers traveled 37 billion miles across all Arkansas highways and streets.
If you’re an Arkansas driver, state law requires that you have adequate insurance. But are you getting the best value for your coverage?
We looked at estimated car insurance rates across insurance companies in Arkansas and calculated average cost, and we looked at insurers offering the cheapest estimated basic-coverage rates for a number of driver needs and profiles. Our calculations are based on a relatively neutral driver profile to evenly compare and get a baseline view of insurers’ rates for minimum coverage (see our full methodology).
The rates you get may differ depending on your driving history and other factors that affect car insurance, like your vehicle type, coverage options and age.
Read on to learn about Arkansas’ average car insurance rates and our findings for the cheapest possible options for minimum coverage.
- Cost of car insurance in Arkansas
- 5 cheapest car insurance companies in Arkansas
- Cheapest state-minimum car insurance in Arkansas
- Cheapest car insurance for good credit in Arkansas
- Cheapest car insurance for poor credit in Arkansas
- Cheapest car insurance for drivers with multiple claims in Arkansas
- Cheapest car insurance for young drivers in Arkansas
- Arkansas auto insurance requirements
- Is usage-based insurance available in Arkansas?
- FAQs about cheapest car insurance rates in Arkansas
- Methodology
Cost of car insurance in Arkansas
Average monthly premiums for car insurance in Arkansas range from just over $50 up into the $100s for minimum coverage, depending on the type of coverage and driver profile.
Average monthly auto insurance premiums in Arkansas
| Driver or coverage | Avg. monthly cost |
|---|---|
| State-minimum car insurance in Arkansas | $52.20 |
| Drivers with poor credit in Arkansas | $92.33 |
| Drivers with multiple claims in Arkansas | $108.79 |
| Young drivers in Arkansas | $102.34 |
5 cheapest car insurance companies in Arkansas
Here are the five cheapest insurers in Arkansas, according to our review. These are basic-coverage rates based on a specific Arkansas driver profile, as detailed in our methodology, so take note that your rates could differ. Unless otherwise noted, our average Arkansas driver is between 36 and 45 years old, has no tickets or coverage caps, has a $20,000 to $30,000 car and a credit score between 680 and 719.
1. Geico
Geico offers a wide range of coverage options and many opportunities to save money for safe driving habits, safety equipment and customer loyalty. Its mobile app allows users to manage their policies, pay bills, request roadside assistance and more. Read reviews of Geico to learn more.
2. USAA
USAA is available to military members and their families. USAA auto insurance is available nationwide with various discount opportunities, including unique savings for deployed military members. The USAA app allows members to manage their policy from their mobile devices. USAA offers standard and optional coverage options. Read reviews of USAA to learn more.
3. Hanover
Founded in 1852, The Hanover offers various auto insurance packages in a handful of eastern states via independent agents. The Hanover offers basic car insurance and allows you to choose between three core packages with the option to customize your coverage.
4. Auto Owners Insurance
Auto Owners was founded in 1916 and offers various insurance products, including car insurance. Auto Owners isn’t available in all states, and prospective customers must contact a local agent to get a quote. Auto Owners offers insurance for many types of vehicles, and you could save money on your premium by bundling. Read reviews of Auto Owners to learn more.
5. Travelers
Travelers car insurance is available in most states and offers customers who remain accident- and violation-free with a decreasing deductible every six months. Standout coverage options include new-car replacement coverage and accident forgiveness. Prospective customers can get a quote online, over the phone or through a local agent. Read reviews of Travelers to learn more.
Cheapest state-minimum car insurance in Arkansas
Arkansas requires a minimum 25/50/25 insurance policy. Carrying state-minimum car insurance may keep your premium payment down, but you might be on the hook for higher out-of-pocket costs if you’re in an accident.
Here are the five cheapest car insurance companies in Arkansas for state-minimum insurance.
5 cheapest car insurance companies in Arkansas for state-minimum coverage
| 1 | Geico | $33.71 |
| 2 | USAA | $34.13 |
| 3 | Hanover | $41.42 |
| 4 | Auto Owners Insurance | $45.92 |
| 5 | Travelers | $46.13 |
Cheapest car insurance for good credit in Arkansas
A number of factors go into determining the cost of car insurance. One of them is your credit. In general, drivers with good credit pay less for car insurance than those with poor credit.
These five companies may offer the cheapest minimum-coverage car insurance for drivers with good credit.
5 cheapest car insurance companies in Arkansas for those with good credit
| 1 | Hanover | $21.07 |
| 2 | Geico | $29.46 |
| 3 | USAA | $30.10 |
| 4 | Auto Owners Insurance | $32.35 |
| 5 | Travelers | $38.01 |
Cheapest car insurance for poor credit in Arkansas
If you have lower credit scores, you may be paying more for car insurance. But remember, credit is just one factor that goes into your policy calculation. There are still ways to help lower your costs, like maintaining a safe driving record.
These five companies may offer the lowest rates for basic coverage for Arkansas drivers with poor credit.
5 cheapest car insurance companies in Arkansas for those with poor credit
| 1 | Geico | $45.26 |
| 2 | Alfa | $47.00 |
| 3 | Home State Insurance Group | $61.08 |
| 4 | USAA | $61.14 |
| 5 | Columbia Insurance Group | $64.54 |
Cheapest car insurance for drivers with multiple claims in Arkansas
Typically, the cleaner your driving record, the better your insurance rates will be. If you have multiple claims on your record, you may have higher coverage costs.
Arkansas drivers with multiple claims may find the cheapest car insurance rates for basic coverage at these five companies.
5 cheapest car insurance companies in Arkansas for multiple claims
| 1 | Cameron Mutual Group | $52.33 |
| 2 | Hallmark Insurance Group | $69.58 |
| 3 | Travelers | $70.71 |
| 4 | Columbia Insurance Group | $79.25 |
| 5 | Southern Farm Bureau | $79.50 |
Cheapest car insurance for young drivers in Arkansas
Finally, your age can also play a role in how much your car insurance costs. Insurers typically view younger drivers as riskier, so they’re often offered more expensive policies than older drivers.
Drivers between the ages of 18 and 21 may find the cheapest minimum-coverage car insurance policies from the following companies.
5 cheapest car insurance companies in Arkansas for young drivers
| 1 | Geico | $52.11 |
| 2 | Travelers | $71.67 |
| 3 | Hanover | $74.88 |
| 4 | USAA | $77.39 |
| 5 | Alfa | $78.08 |
Arkansas auto insurance requirements
Arkansas requires $25,000 per person and $50,000 per accident of bodily injury insurance, and $25,000 for property damage. If you have a car loan or lease, your coverage responsibilities may be more extensive.
Is usage-based insurance available in Arkansas?
Usage-based insurance is a type of vehicle insurance that allows customers to pay premiums based on their driving behavior. Drivers in Arkansas may be able to save money on their car insurance by taking part in their insurer’s UBI program.
FAQs about the cheapest car insurance rates in Arkansas
Based on our calculations, Columbia Insurance Group offers the cheapest basic-coverage car insurance for several Arkansas driver profiles.
Average monthly premiums for car insurance in Arkansas range from just over $50 up to over $100 for minimum coverage, depending on type of coverage and driver profile.
Many insurers offer discounts for paying for car insurance in one or two lump sums rather than monthly. These pay-in-full discounts can help you save money on your car insurance.
Methodology
This article’s estimated rates are the lowest basic-coverage rates based on the profile of a driver aged 36 to 45 living in Arkansas. Unless otherwise noted, the rates displayed assume a single driver on the insurance policy with no tickets on their driving record and no claims or coverage lapses. The vehicle used in this estimate is valued between $20,000 and $30,000 and has annual mileage of 12,000 to 15,000.
Note that the rates are provided every six months by Quadrant Information Services. Quadrant Information Services doesn’t include all insurance companies in its rate data. These are estimated rates meant only to provide a frame of reference and comparison. Your rates may vary depending on a range of factors, such as your age, vehicle driving habits and history.
The average monthly premium for full coverage car insurance includes bodily injury, property damage, uninsured motorist, personal injury protection, collision and comprehensive coverages. The average monthly premium for state-minimum car insurance includes an Arkansas-mandated 25/50/25 insurance policy.
Estimated rates for insurance for good credit apply to scores of 720 or higher. Estimated rates for insurance for poor credit apply to scores from 350 to 579. Estimated rates for young drivers include those aged 18 to 21. Estimated rates for those with multiple claims are calculated based on two claims.