Are you unsure about the amount of coverage you need? Use our renters insurance estimate calculator to determine the right protection level based on your belongings' total value.
Cheap Renters Insurance in Arkansas
Updated: January 27, 2026
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Key Takeaways
State Farm is Arkansas' best overall renters insurance company, offering the cheapest policy at $251 annually.
Renters insurance in Arkansas averages $32 per month, but the cost ranges from $21 to $44.
To get the best and most affordable renters insurance, determine your coverage needs first, research costs and compare multiple quotes.
Arkansas Renters Insurance Quote Estimates
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Rates updated:
Feb 07, 2026
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Best Cheap Renters Insurance Companies in Arkansas
State Farm, Nationwide and Auto-Owners are Arkansas' best cheap renters insurance companies. State Farm has the most affordable rates, while Nationwide offers the best coverage options. Auto-Owners provides a good balance of affordability and coverage.
| State Farm | 95 | $21 | $251 |
| Nationwide | 93 | $35 | $424 |
| Auto-Owners | 88 | $44 | $531 |
| Encompass | 83 | $23 | $276 |
| Shelter | 79 | $43 | $515 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Arkansas
The list above covers most renters, but it may not be the best option for your specific needs. Filter the table below to help you find the best choice in Arkansas.
Data filtered by:
$50K Personal Property / $100K Liability
Select
Claim free for 5+ years
Yes
Good
| State Farm | 95 | $14 | $166 |
| Nationwide | 93 | $20 | $243 |
| Auto-Owners | 86 | $29 | $346 |
| Encompass | 82 | $18 | $211 |
| Shelter | 80 | $22 | $260 |
Best Arkansas Renters Insurance Reviews
Below are more details about our top picks for affordability, customer service and coverage options for renters insurance in Arkansas.
State Farm: Most Affordable Plans
pros
Most affordable rates
Largest discount offering selection
Strong coverage add-ons
cons
Below-average customer satisfaction scores
COMPANY HIGHLIGHTS
State Farm offers the lowest overall rates for renters in Arkansas, starting at $21 per month. Renters can also take advantage of its home computer coverage, identity theft restoration and earthquake and sinkhole coverage.
Auto-Owners: Best for Customer Service
pros
High claims satisfaction ratings
Affordable rates and good coverage
cons
Limited availability
No online quotes
COMPANY HIGHLIGHTS
Auto-Owners offers a good balance of affordable rates and coverage options while excelling in customer service. It ranks fourth overall in claims satisfaction, according to J.D. Power. The company provides unique add-ons like its Renters Plus coverage, including water/sewer backup protection, refrigerated food loss and lock replacement.
Nationwide: Best for Coverage Options
pros
Affordable rates for higher coverage
Most extensive add-on coverage selection
High claims satisfaction ratings
cons
Lower than average overall customer satisfaction ratings
Less affordable for lower property damage coverage levels
COMPANY HIGHLIGHTS
Nationwide earned our second spot for best overall renters insurance in Arkansas, with balanced rankings in affordability, coverage and customer service. It ranks sixth out of 18 for claims satisfaction, according to J.D. Power. Nationwide offers credit card coverage and add-ons to replace selected personal property up to its actual cash value.
Average Cost of Renters Insurance in Arkansas
Renters insurance costs about $32 monthly in Arkansas, $12 higher than the national average of $20. These rates reflect policies with $50K in personal property coverage, $100K in liability limits and a $1,000 deductible.
Your actual rate may vary based on your profile. Check our table below to see major factors affecting renters insurance premiums and find average costs for your profile.
Data filtered by:
$50K Personal Property / $100K Liability
Select
Claim free for 5+ years
Good
Covered
| $50K Personal Property / $100K Liability | $32 | $381 |
Arkansas Renters Insurance: Buyer's Guide
Searching for renters insurance in Arkansas can be overwhelming with so many choices. This guide will help you find coverage that fits your needs.
How to Find the Best Cheap Renters Insurance in Arkansas
Arkansas offers plenty of renters insurance options, with monthly prices ranging from $21 to $44. Follow these six steps to narrow down coverage that fits both your budget and what you own.
- 1Determine the right coverage level
Take stock of the belongings you want covered and estimate their value. Factor in local risks such as storms, theft and liability related to pets.
- 2Research costs and discounts
Look up average costs for the level of coverage you need so you have a clear point of reference. Check which discounts apply to your situation and how much they reduce premiums.
- 3Compare providers
Compare insurers based on pricing, policy features and customer feedback. This helps filter out options that do not align with your priorities.
- 4Consider bundling
Ask your current auto insurer if combining renters and auto coverage lowers your overall cost. Some bundles reduce premiums across both policies.
- 5Compare multiple quotes through different channels
Request at least five quotes using the same coverage limits. Use insurer websites, independent brokers, comparison tools and phone calls to spot pricing differences.
- 6Compare rates annually
Premiums shift over time, so revisit your options annually. Comparing prices regularly helps keep costs in line with current market conditions.
How Much Renters Insurance Do I Need in Arkansas?
Renters insurance isn't required by law in Arkansas, but most landlords require at least $100K in liability coverage. Requirements vary based on your rental history, credit and pet ownership. Think about how much property you need covered, weather risks in your area, local crime rates and whether you own a pet.
Use our calculator below to determine your ideal personal property limits and how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Arkansas Renter Risk Considerations
Arkansas renters deal with certain risks that often require additional insurance coverage:
- Weather risks: Storms and flooding are Arkansas' most common natural disasters. The state also sees a high risk of tornadoes and wildfires in some areas. Standard coverage doesn't cover these threats. You'll need separate policies for complete protection.
- Crime risks: Arkansas ranks fifth nationwide for property crime rate and 25th for identity theft and fraud. Look into add-ons or supplemental property damage coverage.
- Pet ownership: You'll need pet liability coverage depending on your pet. Check how different providers handle pet coverage and whether it's included in standard policies.
- Property types: Standard policies don't always fully cover special tools, valuables, electronics or structures like pools on rented property. Look for companies offering specific add-ons for these items.
How Does Renters Insurance Coverage Work?
Renters insurance covers damage to your property, liability for harm to others and loss of use related to your rental home. Additional coverage options can make your policy more comprehensive. Common types of renters insurance coverage include:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Pays you back for belongings in your rental up to your policy limit. Your insurer calculates value based on what items are worth now, not what you paid originally. Add replacement cost coverage to get enough money for brand-new versions of damaged items. | |
Standard | Covers medical bills and legal fees if someone gets hurt on your property. Most landlords require this coverage. | |
Additional living expenses | Standard | Pays for hotel rooms, restaurant meals and gas if you can't stay in your rental. Your limit is either a set dollar amount or a percentage of your personal property coverage, depending on your insurer. |
Natural disasters | Add-on | Handles damage from earthquakes and floods. You'll buy these as separate policies through specific providers. |
Parts/Equipment | Add-on | Covers tools, appliances and utilities in your rental through a separate policy. |
Scheduled property | Add-on | Lets you insure expensive items individually up to higher limits. |
Identity theft | Add-on | Covers stolen money and legal fees if someone steals your identity. Some policies include monitoring to catch fraud early. |
Pet liability | Add-on | Pays medical bills if your pet bites or injures someone on your rental property. Your standard policy might already include this. |
Modifications | Add-on | Pays to fix custom changes you made to the rental, like built-in shelves or upgraded fixtures. |
Food loss | Add-on | Pays you back for groceries that spoil during a covered incident. |
Best Renters Insurance in Arkansas: Bottom Line
Arkansas' best and cheapest overall renters insurance companies are State Farm, Auto-Owners and Nationwide. While we recommend these options, research and compare multiple companies and quotes to get the best deal.
Renters Insurance in Arkansas: FAQ
Review our experts' answers to frequently asked questions below:
What is the cheapest renters insurance company in Arkansas?
State Farm offers the cheapest renters insurance in Arkansas, with an average annual premium of $251 or $21 per month.
What is the best renters insurance company in Arkansas?
State Farm is Arkansas' best renters insurance company, with a MoneyGeek score of 95 out of 100 due to its excellent balance of affordability and customer satisfaction.
How much does renters insurance cost in Arkansas?
The average cost of renters insurance in Arkansas is $381 per year or $32 per month, which is 57% above the national average. Annual premiums range from $251 to $531.
Is renters insurance required in Arkansas?
Renters insurance isn't legally mandated in Arkansas, but your landlord may require it. Evaluating your needs and circumstances can help determine whether buying a policy is right for you. Some reasons to get renters insurance include financial protection against common perils and liability costs of third-party injuries.
How We Found the Best Cheap Renters Insurance Companies
We based our affordability score (60% of the total score) on quotes for a profile with:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
Our complete scoring also considered:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
sources
- Arkansas Division of Emergency Management. "Threats and Hazards." Accessed April 21, 2025.
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed April 21, 2025.
- U.S. News. "Low Property Crime Rate." Accessed April 21, 2025.