The average annual cost for full coverage car insurance in Arkansas is $1,319, while minimum coverage costs around $517 annually. Factors affecting your premium include age, coverage level, location, driving record, and credit history.
How Much Is Car Insurance in Arkansas? (November 2024)
Updated: November 14, 2024
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Why Trust MoneyGeek? We analyzed data and quotes from Quadrant Information Services and the Arkansas Insurance Department to get the most precise average costs for various Arkansas drivers.
These rates reflect the average cost of car insurance in Arkansas as of November 2024.
18,932Quotes Analyzed
18Companies Compared
23ZIP Codes
Average Car Insurance Costs in Arkansas
Arkansas drivers pay an average of $1,319 annually for full coverage car insurance, which is roughly $110 monthly. Knowing the average car insurance cost helps assess whether you're offered a fair quote. For more insight into what you should be paying, look at comparing car insurance quotes.
To help you budget effectively, see the average costs for auto insurance in Arkansas in the table below.
| 100/300/100 Full Cov. w/$1,000 Ded. | $1,319 | $110 |
| 100/300/100 Liability Only | $635 | $53 |
| State Minimum Liability Only | $517 | $43 |
Why Are Car Insurance Rates Moderate in Arkansas?
Car insurance in Arkansas is generally more affordable than the national average. The average annual premium for minimum coverage is $517, lower than the national average of $628. For full coverage with a $1,000 deductible, Arkansans pay an average of $1,319 annually, cheaper than the national average of $1,358.
Arkansas' lower costs are mainly due to factors such as lower vehicle repair costs, fewer incidents of claims or a competitive insurance market among providers, rather than solely its rural nature.
Average Car Insurance Costs in Arkansas by Company
Car insurance premiums can differ significantly from one company to another, even within the same state. In Arkansas, Southern Farm Bureau offers the cheapest full coverage at around $857 annually. Dairyland has the most expensive average premium, costing $2,485 annually.
Compare quotes from different providers to find the most affordable coverage for your needs and maximize your savings.
Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
| Southern Farm Bureau | $857 | $71 |
| Nationwide | $884 | $74 |
| Travelers | $920 | $77 |
| Auto-Owners Insurance Co | $975 | $81 |
| State Farm | $996 | $83 |
| GEICO | $1,148 | $96 |
| Shelter | $1,149 | $96 |
| Farmers | $1,215 | $101 |
| Allstate | $1,281 | $107 |
| AAA | $1,304 | $109 |
| Alfa | $1,379 | $115 |
| Home State Ins Group | $1,652 | $138 |
| Progressive | $1,660 | $138 |
| Hanover | $1,883 | $157 |
| Dairyland | $2,485 | $207 |
Average Car Insurance Costs in Arkansas by Coverage Level
Car insurance in Arkansas is also influenced by your chosen level of coverage. The average monthly cost for minimum coverage is around $43, while full coverage, which includes 100/300/100 with a $1,000 deductible, averages at $110. Despite the higher cost, obtaining full coverage insurance is recommended as it provides more comprehensive financial protection against a variety of incidents.
Adding comprehensive and collision coverage to your policy will inevitably raise your premium, but opting for higher deductibles can help manage this increase. The deductible is the amount you'll pay out of pocket for each comprehensive and collision claim.
| State Minimum Liability Only | $517 | $43 |
| 100/300/100 Liability Only | $635 | $53 |
| 300/500/300 Liability Only | $700 | $58 |
| State Minimum Liability w/ Full Cov. w/$1,500 Ded. | $1,090 | $91 |
| State Minimum Liability w/ Full Cov. w/$1,000 Ded. | $1,201 | $100 |
| 100/300/100 Full Cov. w/$1,500 Ded. | $1,208 | $101 |
| 300/500/300 Full Cov. w/$1,500 Ded. | $1,273 | $106 |
| 100/300/100 Full Cov. w/$1,000 Ded. | $1,319 | $110 |
| 300/500/300 Full Cov. w/$1,000 Ded | $1,384 | $115 |
| State Minimum Liability w/ Full Cov. w/$500 Ded. | $1,386 | $115 |
| 100/300/1000,000 - 500 comp_coll | $1,504 | $125 |
| 300/500/300 Full Cov. w/$500 Ded. | $1,569 | $131 |
Minimum Car Insurance Requirements in Arkansas
In Arkansas, the minimum car insurance requirements include $25,000 for bodily injury liability per person, $50,000 for bodily injury liability per accident and $25,000 for property damage liability per accident. Uninsured/underinsured motorist and personal injury protection coverages are not mandatory.
$25,000 for bodily injury liability per person
In Arkansas, drivers are required to carry at least $25,000 in coverage for injuries sustained by any one person in an accident.
$50,000 for bodily injury liability per accident
State minimum coverage in Arkansas includes $50,000 for all injuries in a single accident, regardless of the number of people injured.
$25,000 for property damage liability per accident
Arkansas law mandates a minimum of $25,000 for property damage per accident to cover the cost of damages caused to another's property.
Average Car Insurance Costs in Arkansas by Age
In Arkansas, age significantly affects car insurance costs. Drivers aged 22 to 29 pay the highest premiums, averaging $1,595 annually.
Premiums generally decrease as drivers age. Drivers aged 30 to 59 pay around $1,319 annually, while seniors aged 60 and above enjoy lower rates, averaging $1,192 per year.
Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
| 22-29 | $1,595 | $133 |
| 30-59 | $1,319 | $110 |
| 60 + | $1,192 | $99 |
Average Car Insurance Costs in Arkansas for Teens
Age and gender significantly impact car insurance rates in Arkansas. A 16-year-old boy added to a family policy pays an average of $2,494 per year — the highest premiums among all age groups.
Teen drivers under 18 typically need a parent or guardian to sign for car insurance. If a 16-year-old boy gets an individual policy, the annual premium rises to $5,616.
Average Car Insurance Costs in Arkansas for New Cars
The average annual cost of full coverage car insurance for a 2012 model is $947, much less than the $1,243 cost for a 2022 model. This higher premium for newer cars is due to their greater cash value, higher repair costs and increased theft risk.
Drivers with newer cars should consider adding comprehensive and collision coverage for better protection against various types of damage or loss. This extra coverage helps protect your investment in a newer, more valuable vehicle.
Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
| 2012 Vehicle | $947 | $79 |
| 2022 Vehicle | $1,243 | $104 |
ACTUAL CASH VALUE
Your vehicle's actual cash value (ACV) is the amount your insurance company will use to reimburse you in the event of a comprehensive or collision claim. It represents the car’s fair market value, considering depreciation just before the damage occurred. The ACV ensures that your payout reflects a fair replacement cost.
Average Car Insurance Costs in Arkansas by Driving Record
Your driving record affects your insurance rates in Arkansas:
- With a ticket: $1,653 per year; $138 per month
- With an at-fault accident: $1,928 per year; $161 per month
- With a DWI: $1,824 per year; $152 per month
Violations impact your premiums as long as they're on your record. In Arkansas, a DWI affects costs for up to five years, with additional fines and fees.
Explore the table below for average state minimum or full coverage costs by coverage and age group based on driving history.
Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
Age Group:
Age Group:30-59
| Clean | $1,319 | $110 |
| Ticket | $1,653 | $138 |
| DUI | $1,824 | $152 |
| At-fault Accident | $1,928 | $161 |
Average Car Insurance Costs in Arkansas by Credit Score
In Arkansas, the average annual cost of car insurance varies with your credit score, ranging from $621 for excellent credit to $1,398 for poor credit.
Your credit score is a significant factor in determining your car insurance rates, as insurers consider it when assessing the risk of providing you with coverage. A good credit score typically ranges from 670 to 739. Drivers with higher scores often enjoy more affordable premiums.
Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 w/ $1000 Deductible
Age Group:
Age Group:30-59
| Excellent | $621 | $52 |
| Good | $767 | $64 |
| Fair | $954 | $79 |
| Below Fair | $1,141 | $95 |
| Poor | $1,398 | $116 |
Factors Affecting Car Insurance Rates in Arkansas
To find the most affordable car insurance rates in Arkansas, explore the factors that affect insurance costs:
- Driving record: A clean driving record can lower car insurance rates, while tickets and accidents typically increase premiums.
- Age and gender: Younger drivers, especially males, may face higher rates due to perceived risk, whereas mature drivers enjoy more favorable pricing.
- Location: Urban areas with higher traffic density can attract higher premiums due to the increased likelihood of accidents and theft.
- Vehicle type: Car insurance cost is partly determined by your car's make and model, including its safety features and repair or replacement costs.
- Coverage type: Opting for collision insurance or comprehensive insurance will affect your rate differently than choosing minimum coverage.
- Credit score: Generally, a higher credit score can lead to lower insurance costs, as insurers consider credit an indicator of reliability.
- Insurance history: Gaps in insurance coverage or claims history can increase car insurance rates.
- Discount eligibility: Discounts for multiple vehicles, defensive driving courses or bundling policies can substantially lower the insurance cost.
- Deductible amount: Choosing a higher deductible often results in a lower premium. However, you might pay more out of pocket in the event of a claim; ensure you can afford your chosen deductible.
How to Save Money on Car Insurance in Arkansas
To secure affordable car insurance in Arkansas, compare quotes from multiple insurers, opt for a higher deductible and take advantage of all available discounts.
Shop around for options
Comparing quotes from multiple insurers can lead to finding the cheapest car insurance in Arkansas, potentially saving you hundreds of dollars annually.
Maintain a clean driving record
Drivers with no accidents or traffic violations typically qualify for lower rates, as insurance companies see them as lower risk.
Consider vehicle type when purchasing
The car you drive affects your insurance rates. Opt for a model that's less expensive to insure to help find more affordable coverage.
Increase your deductible
Choosing a higher deductible can lower your premium, but ensure you can afford the out-of-pocket cost in case of a claim.
Bundle insurance policies
Bundling car insurance with other policies like homeowners insurance can unlock discounts and lead to significant savings.
Ask for discounts
Inquire about discounts such as for being a good student or a safe driver or having anti-theft devices installed in your vehicle.
Review your coverage regularly
Regularly review your policy and adjust coverage as needed. Dropping unnecessary coverages can reduce your overall cost.
FAQ: Car Insurance Costs in Arkansas
Get answers about what impacts the average car insurance cost in Arkansas and how to find affordable rates.
What are the minimum car insurance requirements in Arkansas?
The minimum car insurance requirements in Arkansas are at least $25,000 for bodily injury liability per person, $50,000 for bodily injury liability per accident and $25,000 for property damage liability per accident. Minimum coverage ensures drivers can cover costs associated with damage and injuries in an at-fault accident.
What is the average cost of full coverage and minimum coverage auto insurance in Arkansas?
The average annual cost for full coverage car insurance in Arkansas is $1,319 ($110 per month), while minimum coverage costs around $517 per year ($43 per month).
What is the average cost of car insurance for a 22-year-old in Arkansas?
For a 22-year-old in Arkansas, the average car insurance cost is $625 per year ($52 per month) for minimum coverage and $1,595 per year ($133 per month) for full coverage with a $1,000 deductible.
What are the cheapest car insurance companies in Arkansas?
Southern Farm Bureau and Nationwide are the cheapest car insurance companies in Arkansas. They offer minimum coverage at an annual premium of $315 and $331, respectively.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.