Updated: November 21, 2024
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Your driving record may result in higher insurance prices, especially if insurance companies consider you high-risk. Researching and comparing quotes can help you find the best deal.
State Farm provides the most affordable high-risk auto insurance in Arkansas and the best mix of price and service expectations. The company’s high-risk auto insurance averages $1,134 annually, although your circumstances will impact your actual rate.
Best & CheapestAuto InsuranceHigh-RiskBest Companies for High-Risk Drivers in 2023
Insurers may consider you a high-risk driver if you have a background of at-fault accidents, a record of penalties or a conviction for driving under the influence (DUI). Because high-risk drivers are more likely to submit an auto insurance claim, they pay higher premiums. Car insurance for teenagers also comes with high premiums because teens are inexperienced and riskier to insure. High-risk drivers in Arkansas should plan to pay 29% more for high-risk auto insurance.
People with a record of serious traffic offenses — drag racing, at-fault accidents, DUI — are considered high-risk drivers. In addition, factors such as your age and credit rating can affect your ranking as high-risk. Think of the following types of high-risk drivers:
State Farm offers consumers in Arkansas the most affordable high-risk auto insurance options. At an average cost of $1,134 per year, the company provides insurance for a range of high-risk drivers. For more information on the insurer’s pros, cons and pricing, visit MoneyGeek's State Farm review.
| State Farm | $1,134 |
| Farmers | $1,259 |
| Allstate | $1,416 |
| Nationwide | $1,521 |
| GEICO | $1,736 |
| Travelers | $1,740 |
| Progressive | $2,004 |
Arkansas drivers convicted of serious traffic offenses must apply for an SR-22 through their insurance company. The average cost of an SR-22 policy that complies with Arkansas' minimum requirements is $1,087, 82.4% more than the average cost of $596 for drivers with clean records.
With a MoneyGeek rating of 94 out of 100, State Farm achieved the top spot for high-risk driver auto insurance in Arkansas.
Farmers, meanwhile, is ranked second-best among Arkansas' high-risk car insurers, receiving an overall score of 82 out of 100. Learn more about its coverage, pricing and customer service in our Farmers auto insurance review.
State Farm's high-risk auto insurance in Arkansas runs about $1,134 a year. This cost is 11% higher than premiums for drivers with a clean driving history.
The top high-risk auto insurance provider in Arkansas is State Farm, which has a MoneyGeek rating of 94 out of 100. In addition to standard auto insurance discounts, State Farm is excellent for young drivers because it provides a discount for passing a driver's ed course before the age of 21 and a good student discount.
In Arkansas, Farmers charges high-risk drivers $1,259 annually for auto insurance, a 27% increase over the rate for safe drivers.
Farmers performed admirably in each of our categories, earning an overall MoneyGeek score of 82. The company provides a number of discounts that other insurers usually do not, such as discounts for sharing the family car or engraving the VIN on your car's glass or other surfaces. Farmers may also give you a discount if you have daytime running lights or install vehicle recovery equipment.
If you have difficulty fitting car insurance rates into your budget, you can explore low-income auto insurance in Arkansas. You can also opt for minimum coverage or choose pay-per-mile insurance if you don't drive often.
State Farm provides the cheapest high-risk car insurance in Arkansas for individuals after a DUI, with policies averaging $1,104.
USAA is another affordable choice for active-duty or retired military members in Arkansas who have a DUI offense. Visit our USAA auto insurance review to learn more about the company's offerings, discounts and customer service.
| State Farm | $1,104 |
| Farmers | $1,283 |
| Allstate | $1,460 |
| Progressive | $1,625 |
| Nationwide | $1,829 |
| Travelers | $2,207 |
| GEICO | $2,577 |
The length of time a DUI remains on your driving record is known as the look-back period. Arkansas has a five-year look-back period for DUI offenses. Look-back periods vary by state and are occasionally very long to accommodate jail sentences for repeat offenders.
State Farm offers Arkansas's cheapest high-risk auto insurance rates to teen drivers. The company charges an average of $4,241 annually to insure teen drivers in Arkansas, although your age and other factors will affect your rate.
| State Farm | $4,241 |
| GEICO | $4,368 |
| Nationwide | $4,464 |
| Allstate | $5,789 |
| Progressive | $9,937 |
Auto insurance rates for teens and college students can be expensive. MoneyGeek advises you purchase full coverage car insurance anyway because it will protect your finances in the event of an accident. You can find the most affordable high-risk car insurance for new and young drivers by browsing around and evaluating rates.
GEICO offers the cheapest auto insurance for high-risk drivers with poor credit in Arkansas. This company provides insurance with an average annual premium of $1,356 for clients with bad credit.
If you want to learn more about the company’s pricing, benefits and drawbacks, read our MoneyGeek GEICO auto insurance review.
| GEICO | 1,356 | 42% |
Obtaining auto insurance with bad credit is still possible, but your premiums will likely be significantly higher. If you have bad credit, finding the best high-risk auto insurance in Arkansas will involve comparing quotes from various suppliers.
Insurance companies typically determine car insurance premiums after considering a driver's history and experience. As a result, rates for drivers who pose a significant risk are frequently higher.
State Farm charges $1,134 for high-risk auto insurance in Arkansas instead of $1,012 for drivers with spotless driving records — a difference of $122.
Low-Risk Driver
$1,012High-Risk Driver
$1,134This is 12% more expensive.
You can use MoneyGeek's Arkansas car insurance calculator to estimate your premiums based on individual considerations like age, driving history, vehicle type and level of coverage. You may also be able to determine which component most impacts your rates.
MoneyGeek's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Nov 21, 2024
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
The car insurance market is voluntary, so insurers may decline to sell you insurance if they deem you too risky. If you are refused car insurance, you can purchase a state-specific residual market plan through the nonprofit organization Automobile Insurance Plan Service Office (AIPSO). The market plan in Arkansas is called the Arkansas Automobile Insurance Plan.
In Arkansas, individuals unable to purchase auto insurance through the voluntary market can access the Arkansas Automobile Insurance Plan (AIP). Any insurance agent with a current Arkansas Property & Casualty license may write business via the AIP.
Office Hours
Monday–Friday, 8:30 a.m.–4:30 p.m. ET
araip@aipso.com
Phone
(800) 413-5808
Fax
(401) 528-1361
Mailing Address
Arkansas Automobile Insurance Plan, P.O. Box 6530, Providence, RI 02940-6530
Insurance for high-risk drivers can be expensive. MoneyGeek answered frequently asked questions concerning high-risk auto insurance in Arkansas to help you find the most affordable option for your needs.
According to MoneyGeek’s analysis, State Farm is the best car insurance for high-risk drivers in Arkansas, with an annual premium averaging $1,134.
The following average high-risk driver premiums apply in Arkansas:
Insurance companies may view you as a high-risk applicant if you have a history of at-fault accidents, driving offenses, penalties, a DUI conviction or if you are a teenager.
You can apply to the Arkansas Automobile Insurance Plan if Arkansas insurers deny your request for coverage.
MoneyGeek calculated average rates using full coverage car insurance policies with 100/300/100 liability insurance and comprehensive and collision coverage with a $1,000 deductible. Minimum coverage car insurance policy rates were calculated based on each state’s minimum car insurance requirement.
To calculate rates for high-risk drivers, MoneyGeek averaged the premiums insurance companies charge for three of the most common driving violations: speeding, at-fault accident and DUI.
To determine the best car insurance company for high-risk drivers, MoneyGeek scored companies based on affordability, customer satisfaction and complaints — obtained from J.D. Power surveys and NAIC complaint scores — and financial strength ratings as calculated by AM Best. Affordability received the greatest weighting in our calculations.
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.
