Updated: December 4, 2024
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State Farm is Arkansas' top home insurance provider, especially for higher coverage limits on expensive homes. Our analysis uses a $100,000 dwelling coverage limit, but your premium may vary with a different coverage amount.
MoneyGeek also reviewed the cheapest home insurance in Arkansas for those prioritizing cost over customer service.
In Arkansas, State Farm is the top overall homeowners insurance provider, boasting a MoneyGeek score of 95 out of 100 due to its combination of affordability, especially for budget-conscious homeowners, with excellent service and coverage options. The runner-up is Nationwide, scoring 91 out of 100, offering a strong alternative with competitive premiums. These rankings highlight the balance between cost-efficient insurance solutions and high-quality service for Arkansas residents.
For those seeking the cheapest homeowners insurance in Arkansas, State Farm is the clear winner, offering a premium of $1,395 per year. It's an excellent choice for budget-conscious homeowners. The runner-up in affordability is Nationwide, providing competitive rates as well. While cost is a crucial factor, ensure to balance it with the level of service offered for a comprehensive insurance solution.
In Arkansas, Auto-Owners Insurance stands out as the top choice for customer service in home insurance, earning a perfect MoneyGeek score of 100 out of 100, with premiums of $2,441 per year. The runner-up is State Farm, scoring 81 out of 100, with a more affordable premium of $1,395 per year. Choosing a provider with excellent customer service ensures a smoother and less stressful claims process when you need it most.
Why Trust MoneyGeek? We analyzed data from the Arkansas Insurance Department and Quadrant Information Services to identify the best homeowners insurance options in the state.
Home insurance rates in Arkansas represent the latest quotes as of July 2024.
State Farm offers the best home insurance in Arkansas.
Homeowners have many insurance options, each varying in premiums and service quality. It's crucial to balance affordability and reliable service to find the best policy for you.
State Farm scores exceptionally in affordability (54 out of 55) and customer satisfaction (29 out of 30). Its annual premium averages $1,395. Key benefits include coverage for earthquake or mudslide damage and roof replacement cost discount for quality roofing.
Auto-Owners Insurance has the best customer service among home insurance companies in Arkansas.
Choose a provider that values service quality for prompt and smooth assistance. Excellent service can make a claim process, like a roof repair after a storm, less stressful.
Auto-Owners Insurance has a perfect customer satisfaction score (65 out of 65) and an average annual premium of $2,441.
It offers guaranteed replacement cost coverage for complete home repair or replacement without deducting for depreciation. Additionally, the equipment breakdown coverage covers unexpected mechanical and electrical failures.
State Farm offers the best home insurance in Arkansas for those on a budget. Explore the best cheapest homeowners insurance providers:
Aside from knowing the average cost of home insurance in Arkansas, choose a provider that balances competitive premiums with excellent service. For example, prompt and reliable support can make recovery more accessible after a severe storm.
State Farm achieves a high affordability score of 73 out of 75 in Arkansas, with an average annual premium of $1,395.
It offers discounts for bundling policies and installing protective devices such as smoke detectors. Add-ons like scheduled personal property and building ordinance or law boost protection and help manage costs.
State Farm is Arkansas' leading insurer for owners of expensive properties. These top providers offer the best insurance for homeowners needing $1 million in dwelling coverage:
Expensive homes need extensive coverage, which raises premiums. Finding an insurer that balances affordability with quality coverage is crucial.
State Farm is the best choice for insuring expensive homes, with an affordability score of 55 out of 55 and an average annual premium of $7,292.
Homeowners can save with State Farm's discount for bundling policies. Additional coverages include scheduled personal property and building ordinance or law.
Auto-Owners Insurance is the top choice for insuring new homes in Arkansas. Here's a comparison of the best options for $500,000 dwelling coverage:
With an affordability score of 45 out of 55 and a customer satisfaction score of 30 out of 30, Auto-Owners Insurance offers an outstanding balance of cost efficiency and reliable service.
Auto-Owners Insurance is the top choice for new homeowners in Arkansas, with excellent affordability and customer service scores. Its average annual premium is $3,507.
Its guaranteed replacement cost option ensures complete home rebuilding, regardless of coverage limits. For added savings, Auto-Owners Insurance offers discounts for consistent on-time payments and installing a generator.
USAA offers Arizona's best home insurance for veterans and military families.
Choose a provider that understands the unique needs of military families, including frequent moves and potential deployments.
USAA, serving exclusively military members and their families, scores outstandingly in customer satisfaction (30 out of 30) and affordability (52 out of 55), with an average annual premium of $1,679.
Its personal property replacement cost coverage ensures full replacement or repairs without deducting for depreciation. USAA members can also enjoy discounts for using smart home devices and for being long-term policyholders.
The ideal homeowners insurance provider offers excellent customer service, comprehensive coverage and affordable premiums. Here's how to evaluate providers to find the best policy for you.
Determine how much home insurance coverage you need. Consider your home's value, personal belongings and location-specific risks.
Check the reputation, customer reviews and policies of multiple insurance companies. Then, examine each provider's pros and cons.
Compare home insurance quotes and coverages from various insurers to get the best deal.
Review the policy's coverage extent, replacement cost versus actual cash value, covered perils and any add-ons you may need.
An impartial insurance agent can clarify policy details, offer tailored advice and guide your decision-making process.
Homeowners in Arkansas are not legally required to hold flood insurance. Still, purchasing flood insurance in Arkansas is a prudent choice to avoid high repair costs after flooding events.
Selecting the best homeowners insurance provider depends on your needs and budget. Here are answers to common questions about home insurance in Arkansas to guide you.
State Farm is the overall best home insurance provider in Arkansas, with a MoneyGeek score of 92 out of 100.
State Farm offers the cheapest homeowners insurance in Arkansas, with an average annual premium of $1,395. Premiums can be even lower for homeowners who qualify for discounts.
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.
