Best and Cheapest Home and Auto Bundle Companies in Arkansas (2024)

MoneyGeek evaluated bundle insurance companies based on cost, customer satisfaction and available discounts. We found that the following two companies offer the best auto and home insurance in Arkansas:

• State Farm: MoneyGeek score of 86 out of 100
• Allstate: MoneyGeek score of 81 out of 100

In terms of discounts, State Farm received a perfect score. The insurer also excelled in both auto and home satisfaction. Allstate, our runner-up choice, received high ratings for auto and home insurance satisfaction, as well as for discounts.

With a MoneyGeek score of 93 out of 100, USAA is the best provider of home and auto insurance in Arkansas. However, it is only accessible to active-duty and retired military personnel.

In Arkansas, the average insurance company discount rate is $693, or 16%. State Farm provides the highest discount at 26%, whereas Travelers offers the lowest rate at 5%.

It’s important to keep in mind that the company that offers the highest discount for bundling insurance policies may not be the cheapest. Farmers, for instance, offers the cheapest home and auto insurance in Arkansas at $2,911 per year. However, its 14% discount rate is significantly lower than State Farm's discount rate of 26%. Because of this, bundle insurance providers should be selected based on a number of factors, like overall cost, product offerings and discounts.

As per MoneyGeek’s analysis, the following insurance companies provide the cheapest home and auto insurance in Arkansas:

• Farmers: $2,911 per year
• Nationwide: $3,035 per year

Although USAA has the most affordable premiums at around $2,763 per year, it was omitted from our results since it is only available to former and current military members.

Our recommendations identify the providers with the most reasonable rates, but they may not meet your requirements for an insurer. The best insurer for you will be the one that aligns with your coverage needs and financial goals.

Although bundling auto and home insurance may be convenient, it may not be the best approach to save money. In certain instances, you can save more by purchasing insurance policies from two different providers.

However, in Arkansas, it is significantly cheaper to bundle auto and home insurance with the same insurer. For instance, Farmers bundle insurance costs approximately $2,911 annually. On the other hand, a non-bundle coverage with Farmers auto insurance ($1,040) and Travelers homeowners insurance ($2,060) costs about $3,100 per year, which is $189 more expensive than Farmers' auto and home insurance bundle.

Bundling your home and auto insurance in Arkansas is often a wise decision. It is considerably more convenient to have coverage with a single insurer, and you may even receive a discount. However, although bundling policies has its perks, it may not always be applicable to your situation.