Cheapest Car Insurance in Arkansas

For Arkansas drivers, Southern Farm Bureau offers the most affordable minimum coverage at $26 monthly and $315 annually. This rate is $197 less than the state's average, making it a budget-friendly choice. Data from Quadrant Information Services confirms these are the cheapest rates in Arkansas as of December 2024. Read our research methodology to learn how we found the cheapest Arkansas car insurance.

The cheapest car insurance company for many drivers in the Natural State is Southern Farm Bureau, with an average monthly cost of $49 for both minimum and full coverage. This rate is $27 less than the state average. Other companies with affordable rates include State Farm, Auto-Owners Insurance Co, Travelers and Nationwide.

We used combined minimum and full coverage rates for a 40-year-old driver with good credit and no driving violations to calculate these averages.

Southern Farm Bureau offers the most affordable car insurance for state minimum and full coverage in the Natural State. However, your cheapest option may vary based on your background. Below, we highlight the most affordable car insurance rates for major driving profiles.

Read More: Cheapest Car Insurance

Along with the cheapest rate offered by Southern Farm Bureau, State Farm, Nationwide and Auto-Owners Insurance Co also offer cheap minimum liability coverage for drivers in the Natural State. Use the table below to explore rates for similar companies with the best minimum coverage rates alongside the monthly state average.

Southern Farm Bureau is the cheapest provider for full coverage auto insurance in Arkansas, averaging $71 per month or $857 per year. This cost is $38 less than the state's average. Check the table below for other provider options.

In Arkansas, young adult drivers find Hanover the most affordable option. A 25-year-old can get a state minimum policy for just $26 monthly.

We used minimum coverage for a 25-year-old driver with good credit and no driving violations to determine the cheapest provider.

For young drivers in the Natural State, Hanover offers the cheapest minimum coverage at $26 per month. Southern Farm Bureau provides the best full coverage at $87 per month. Your premium might differ based on your driving record and other factors. However, the rates and companies listed here are a good start for finding affordable options as a young driver.

Read More: Cheapest Car Insurance for Young Drivers

For senior drivers in Arkansas, Hanover offers the lowest rates at $19 per month for minimum coverage.

We used minimum coverage for a 65-year-old driver with good credit and no driving violations to determine the cheapest provider.

Hanover and Southern Farm Bureau offer some of the cheapest rates for senior drivers in the Natural State: Hanover for minimum coverage at $19 monthly and Southern Farm Bureau for full coverage at $65. Your quote might differ based on tailored options for your specific needs.

Read More: Cheapest Car Insurance for Seniors

Insurers label drivers in the Natural State with a DUI, at-fault accident or speeding ticket as high-risk and require them to pay more for car insurance than those with clean records. Average premiums for high-risk drivers vary based on the offense. Below are the best rates for Arkansas drivers with these violations.

Hanover offers the best rates for Arkansas drivers with DUIs, averaging $32 per month ($386 per year) for minimum coverage insurance. Check the table below for a list of insurance providers and their average monthly premiums for drivers with DUIs in Arkansas.

We used a 40-year-old driver with good credit and a DUI on record to calculate these averages.

Hanover offers the cheapest rates for drivers after an at-fault accident, averaging $30 per month ($360 per year). The table below lists other insurers with affordable coverage for drivers with accidents. Rates reflect a minimum coverage policy.

We used a 40-year-old driver with good credit and an at-fault accident on record to calculate these averages.

Hanover offers the cheapest insurance for Arkansas drivers with speeding tickets, with rates starting at $28 per month. Check the table below to compare different providers' minimum coverage for drivers with a speeding ticket.

We used a 40-year-old driver with good credit and a speeding ticket on record to calculate these averages.

Hanover is the cheapest car insurance provider for drivers with poor credit scores, with a monthly rate of $28 and an annual rate of $335 for minimum coverage. Review the table below for more options from other providers.

These rates are based on a 40-year-old driver with bad credit and a clean driving record.

Your car insurance rates are greatly influenced by where you live. Cities within the same state can have different rates due to factors like the number of people living there, the risk of floods and the crime levels. For instance, Southern Farm Bureau offers a minimum coverage policy in Little Rock for $39 monthly.

The lowest rate reference is for a minimum coverage policy for 40-year-olds with good credit and no driving violations.

In Arkansans, turn to Farmers for the most affordable bundle home and auto insurance at $2,911. Check the table below for more cheap bundling options.

Rates are for a 40-year-old driver with good credit and no driving violations.

In Arkansas, the monthly average price for full coverage car insurance is $110, while minimum coverage is $43. Understanding the average cost of car insurance in Arkansas for your specific needs helps you spot a good deal on your policy.

In Arkansas, car insurance rates change by city. Below are the average costs for state minimum and full coverage.

Car insurance in Arkansas is not as pricey as in many other states, ranking 25th on the list. The more affordable rates can be attributed to the state's lower population density, fewer weather-related disasters and a lower rate of vehicle thefts.

Arkansas law requires all drivers to carry car insurance policies that adhere to the minimum coverage limits set by the state. These limits include $25,000 for bodily injury liability per person, $50,000 per accident and $25,000 for property damage liability per accident.

If you finance or lease your car, you will likely have to buy comprehensive and collision insurance in addition to the minimum liability coverages. While a minimum liability is the most affordable option, it offers the least financial protection. Experts recommend driving with full coverage insurance with the highest deductible and liability limits you can afford.

Drivers with serious traffic violations like speeding or drunk driving may need to file for SR-22 insurance, which can increase their premiums. In Arkansas, you or your insurance company can submit the SR-22 form. It remains valid for three years from your most recent offense.

In Arkansas, self-insurance is the most common car insurance alternative for those with substantial assets. This option involves proving you can cover accident costs, thus meeting the state's requirements.

For business owners, fleet insurance is a viable alternative. It allows coverage for multiple vehicles under one policy, simplifying management and ensuring all vehicles meet state minimum coverage.

MoneyGeek recommends that drivers secure full coverage car insurance, which safeguards you with liability, collision and comprehensive coverage. For robust protection, consider these liability limits:

• $100,000 in bodily injury liability per person
• $300,000 in bodily injury liability per accident
• $100,000 in property damage per accident

Comprehensive coverage ensures you're covered for damages to your car from non-driving incidents, like theft, vandalism or extreme weather. Collision coverage, on the other hand, takes care of damages from accidents on the road.

If your car holds significant value, it's wise to opt for both comprehensive and collision insurance, even though it's not a legal requirement. When setting your deductible for these coverages, aim for an amount you're comfortable paying before your insurance contributes to the costs.

For drivers in Arkansas, Southern Farm Bureau has the cheapest car insurance, with full coverage at just $71 a month and minimum coverage at $26. While low prices are tempting, the most affordable option may not be the best. Experts recommend investing as much coverage as you can afford for safer travels.

MoneyGeek helps you find affordable car insurance by answering common questions. Arkansas residents can learn about the cheapest options for minimum coverage.

MoneyGeek obtained Arkansas auto insurance rates from the Arkansas Department of Insurance and Quadrant Information Services. We examined 18,932 auto insurance quotes from 18 providers across 23 ZIP codes to determine the most affordable car insurance companies in Arkansas.

Arkansas Driver Profile

We used a driver profile with the following background information to identify the cheapest auto insurance companies in Arkansas:

• 40-year-old male
• 2012 Toyota Camry LE
• Clean driving record
• 12,000 miles driven annually

To find the cheapest option for various driver backgrounds, we adjusted this sample profile by age, driving record, credit score, car make and model and military service where specified.

Standard Coverage Levels in Arkansas

We compared car insurance companies in Arkansas that offer both minimum and full coverage policies. The minimum coverage liability limits in Arkansas are:

• $25,000 for bodily injury liability per person
• $50,000 for bodily injury liability per accident
• $25,000 for property damage liability per accident

For full coverage policy rates, we used the following liability limits:

• $100,000 for bodily injury liability per person
• $300,000 for bodily injury liability per accident
• $100,000 for property damage liability
• Comprehensive and collision coverage with a $1,000 deductible

Home and Auto Coverage Levels in Arkansas

MoneyGeek analyzed the rates of insurance companies for a full coverage auto insurance policy that includes the following coverage and limits:

• $100,000 in property damage liability
• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• Comprehensive and collision coverage with a $1,000 deductible

We also analyzed rates for a homeowners insurance policy that includes the following limits and coverage:

• $250,000 dwelling coverage
• $25,000 other structures coverage
• $100,000 personal property coverage
• $25,000 loss of use coverage
• $100,000 personal liability coverage
• $1,000 medical payments coverage
• All-perils coverage with a $1,000 deductible