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State Minimum Car Insurance Coverage For Arkansas, Companies Offering the Lowest Rates, & the Best Insurers by Consumer Rating

The residents of Arkansas have had insurance rates drop steadily since 2007.

Minimum Auto Insurance Coverage in Arkansas

CoverageArkansas Minimum Liability CoverageRecommended Auto Insurance Coverage
Bodily Injury Protection$25,000 / $50,000$100,000 / $300,000
Property Damage$25,000$25,000
Uninsured Motorist Coverage BIL*Optional$25,000 / $50,000
Uninsured Motorist Coverage PD**Optional$25,000 / $50,000
Medical PaymentsOptional$5,000
Accidental Death BenefitsOptional$5,000
Comprehensive CoverageOptional$500 - $1,000 deductible
Collision CoverageOptional$500 - $1,000 deductible

*Bodily Injury

**Property Damage

Bodily Injury Liability

Bodily injury liability is $25,000 for the driver in the other vehicle which includes medical bills and the other minimum liability is $50,000 which covers the amount the insurance company will cover for injured passenger’s in the other vehicle.

Property Damage Liability

Represents the minimum quantity of property damage liability insurance that’s needed which is going to cover damages to the person’s property, such as their home, vehicle, or any other assets. The minimum amount is $25,000 for the state of Arkansas.

The minimum requirement for the state or Arkansas is going to set with the following numbers 25/50/25. As you can see by the numbers above they are in that order respectfully.

Lowest rates for 25 year old driver in Arkansas.

Note: The lowest rates for a young driver in the state of Arkansas are from Farmers, Progressive, and Horace Mann. For a more detailed comparison please see the table below.

Comprehensive & Collision Coverage

While it isn’t needed for drivers in the state or Arkansas to carry more than the minimum coverage, it is generally recommended that Arkansas residents also carry collision and comprehensive cover particularly if they are driving a newer vehicle.

With comprehensive cover you vehicle is going to be protected by anything other than a “collision”, such as fallen tree branch or while your vehicle is parked, etc. With collision coverage your vehicle is going to be protected if you happen to run into a tree or a sign, for example.

When getting collision coverage realize the insurance company is only going to pay up to the cars “cash-value”. That means the market value of the vehicle before the accident minus the salvage value of the vehicle after the accident.

Cheapest Auto Insurance Company in Arkansas by Age

RankArkansas Auto Insurance CompanyAverage Annual Rate for 25 Y/O DriverAverage Annual Rate for 30 Y/O DriverAverage Annual Rate for 35 Y/O DriverAverage Annual Rate for 40 Y/O DriverAverage Annual Rate for 45 Y/O DriverAverage Annual Rate for 55 Y/O Driver
1Farmers$899$712$612$578$512$440
2Progressive$909$733$614$577$514$413
3Horace Mann$967$756$644$532$511$456
4State Farm$977$803$673$600$499$487
5Safeco$1,000$865$703$612$493$500
6GEICO$1,002$867$705$656$497$432
7National General$1,087$903$744$700$532$500
8MetLife $1,103$1,004$756$721$521$487
9S. Farm Bureau$1,143$1,049$800$743$512$467
10Allstate$1,167$1,144$799$729$600$534
11Ameriprise$1,231$1,189$854$800$612$543
12Esurance$1,256$1,190$876$801$589$511
13Nationwide$1,277$1,200$879$803$599$521
14Liberty Mutual$1,367$1,202$901$805$604$543
15Hartford$1,388$1,123$909$853$643$598
1621st Century$1,403$1,176$913$859$689$600

Cities In Arkansas & Average Insurance Rate

CityAvg RatePopulationCityAvg RatePopulationCityAvg RatePopulation
Benton Auto Insurance$61130,681Jonesboro Auto Insurance$68767,263Searcy Auto Insurance $61122,858
Bentonville Auto Insurance$67635,301Little Rock Auto Insurance$700193,524Sherwood Auto Insurance$62229,523
Conway Auto Insurance$69858,908Maumelle Auto Insurance$64217,163Siloam Springs Auto Insurance$66515,039
Fayetteville Auto Insurance$60976,899Nashville Insurance$6874,627Springdale Auto Insurance$53269,797
Fort Smith Auto Insurance$59886,209Paragould Auto Insurance$54926,113Van Buren Auto Insurance$57222,791
Cabot Auto Insurance$62123,776Pine Bluff Auto Insurance$49949,083West Memphis Auto Insurance$50526,245
Hot Springs Auto Insurance$73235,193Rogers Auto Insurance$59855,964Wynne Auto Insurance$5218,367
Jacksonville Auto Insurance$66528,364Russellville Auto Insurance$60227,920Yellville Auto Insurance$4981,204

Uninsured Motorist Protection for Drivers in Arkansas

Another insurance you may want to consider is uninsured motorists insurance. This is going to cover you and your vehicle in the event the other driver does not have insurance.

Although the uninsured motorist rate for the state of Arkansas is declining it is always good idea to be sure you have uninsured motorist coverage since one out of ten driver in the state are not insured.

Gap Insurance for Automobile Loans

If you have a loan on your vehicle is it may be a good idea to talk an insurance agent about Gap insurance. This type of cover is going to pay for the “gap” or the value of the vehicle the insurance company will cover minus what you owe to the bank.

Best Insurance Companies by Complaint, Rate Change, and Consumer Rating

Below is a table of the best insurers based on complaints, consumer ratings, and rate change over 18 months. All the insurers have less than a 4% rate change over the 18 month period, except for The Hartford, which was at 4%.

This is helpful for you since you may know your insurance rates will go up periodically even if you have not had an automobile accident.

Arkansas Auto Insurance CompanyPremiums# of ComplaintsRate Change > 18 MonthsRating out of 5 Stars
Farmers78,015,3676+3.4%4.4
Progressive93,506,25010+3.1%4.4
Horace Mann19,414,847 2+2.4%4.2
State Farm375,631,848 9+1.4%4.7
Safeco33,813,2104+1.7%4.5
GEICO81,792,529 11+1.9%4.6
National General11,892,5842+3.0%4.1
MetLife 14,463,7574+3.3%4.3
S. Farm Bureau206,211,1664+3.8%4.3
Allstate109,194,73212+2.0%4.4
Ameriprise5,453,114 3+2.0%3.9
Esurance5,691,830 5+2.2%4.0
Nationwide61,851,3297+2.6%4.2
Liberty Mutual11,136,7255+2.9%3.9
Hartford24,437,3244+4.0%4.3
21st Century8,493,667 4+2.8%4.4

Little Rock, AR

Little Rock Auto Insurance CompanyAverage Annual Rate for 30 Y/O DriverAverage Annual Rate for 45 Y/O Driver
Farmers$765$512
State Farm$843$543
Safeco$898$587
Progressive$944$612
Horace Mann$967$643
GEICO$1,013$687

Little Rock derived its name from the noted La Salle Expedition in 17th century when the expedition party arrived at the “little rock” located on the southern bank of the Arkansas River. By the 18th century, a settlement consisting of only a handful of families (about 100 people) had developed in the vicinity of this landmark.

Little Rock is full cultural and recreational sites for outdoor enthusiasts and residents to enjoy. Sprawled with quaint coffee and gift shops other neat attractions include, Arkansas Arboretum, Old State House Museum, Arkansas Arts Center, Wildwood Center for the Performing Arts, and Riverfront Park.

Finding affordable car insurance for residents of Little Rock is fairly easy if you know where to get quotes from. As illustrated, the cheapest rates are from Farmers, State Farm, and Safeco for a 30 year old driver. Progressive and Horace Mann are about $50 more expensive than the lowest cost three.

A 45 year old driver would do well by getting quotes from all insurers illustrated. The average rate for a 30 year old driver in Little Rock is $850 and for a 45 year old is $700. Each insurer we queried was able to find about 10% in savings.

Fayetteville, AR

Fayetteville Auto Insurance CompanyAverage Annual Rate for 30 Y/O DriverAverage Annual Rate for 45 Y/O Driver
Farmers$756$499
State Farm$788$511
Safeco$812$554
Progressive$890$619
Horace Mann$932$626
GEICO$956$628

Fayetteville was given its name in the late 19th century by a small number of families after their former home of Fayetteville, Tennessee. The early pioneers who established the area were situated approximately 30 miles away from the newly created Indian Territory.

The deported Indian people from the East were placed there. Back then, Fayetteville was known for food, water, supplies, and a place to rest for people migrating to the West. Today it is a vibrate city full of wonderful views and beautiful surrounding landscapes.

Some of the coolest attractions in Fayetteville, Arkansas are The Stone House, Old Main, The Town Square, and Walton Arts Center. One of the biggest yearly attractions is the Bikes, Blues and BBQ Festival with hundreds of people visiting each year.

A 30 year old driver in Fayetteville will find the lowest auto insurance quotes with Farmers, State Farm, and Safeco. The average mean rate in the city is approximately $870 which two of the carriers we queried is higher. A 45 year old driver can find pretty low rates with State Farm and Farmers. The quotes are right around the $500 mark for each. Farmer’s is about one dollar less.

A family of four would find cheap rates by getting quotes from all carriers illustrated in the table and graph.

Fort Smith, AR

Fort Smith Auto Insurance CompanyAverage Annual Rate for 30 Y/O DriverAverage Annual Rate for 45 Y/O Driver
Farmers$699$532
State Farm$734$509
Safeco$769$544
Progressive$801$603
Horace Mann$845$621
GEICO$878$676

Fort Smith was established as a military base to watch over the nearby Indian Territory in the early 19th century. A former popular “hot spot” in Fort Smith and now a historic tourist site was Miss Laura’s Social Club, a brothel ,and is included in the National Register of Historic Places. Belle Grove Historic District is beautiful and contains historic homes featuring a variety of architectural styles.

The average car insurance rate for a 30 year old driver in Fort Smith is $856. All of the providers we queried were less than that mark. Horace Mann about $10 less. The cheapest providers we found were with Farmers, State Farm, and Safeco.

All three clustering around the $700 to $750 dollar mark. For a 45 year old driver the most inexpensive auto quote was with State Farm at $509 per year.

 

Springdale, AR

Springdale Auto Insurance CompanyAverage Annual Rate for 30 Y/O DriverAverage Annual Rate for 45 Y/O Driver
Farmers$544$432
State Farm$543$411
Safeco$652$476
Progressive$611$512
Horace Mann$677$587
GEICO$702$611

Springdale is the fourth largest city in Arkansas with a population of nearly 80,000 residents. One of most beautiful areas to visit in Springdale is Shiloh Historic District. Springdale was originally names Shiloh, but didn’t stick since there was another city with that name. The city is surrounded by open parks and recreation areas. Some of the more notable ones are Shiloh Memorial Park, Bobby Hopper Park, and Murphy Park.

The average auto insurance rate for a 45 year old driver in Springdale is $562 and for a 30 year old driver is $658 per year. To find the lowest quotes try Progressive ($611), State Farm ($543), and Farmers ($544). Only two of the insurers we queried were less than the city average rate for a driver with a fairly clean record.

According to statistics, many residents car-pool to and from work. If this is the case, be sure to let your insurer know you drive your vehicle less. If you don’t drive any during the week you may be able to insure your vehicle for “pleasure use”.

Jonesboro, AR

Jonesboro Auto Insurance CompanyAverage Annual Rate for 30 Y/O DriverAverage Annual Rate for 45 Y/O Driver
Farmers$603$504
State Farm$609$576
Safeco$598$499
Progressive$678$511
Horace Mann$707$567
GEICO$699$598

In Jonesboro top places to visit are the West Washington Avenue Historic District and Craighead Forest County Park. Washington Avenue Historic District is a great place for history buffs. Outdoor enthusiasts will love Craighead Park. For more outdoor activities places like Crowley’s Ridge State Park and Lake Frierson State Park offer facilities for camping, boating, trail hiking, and fishing.

The lowest car insurance quotes can be found with Safeco, Farmers, and State Farm. Each of them clustered at the $600 mark. Which is more than 12% less than the average “mean” rate for a 30 year old driver. Progressive and Horace Mann are certainly worth getting quotes from since they are in line with the median rate.

For a 45 year old driver the cheapest rates offered were from Safeco coming in at $499 per year. Progressive and Farmer were less than $15 from Safeco making them worth getting insurance quotes from. For older drivers Horace Mann is able to offer competitive quotes so they are worth considering for a low auto premium with optimum coverage.

Insurance Resources & DMV Information

Department of InsuranceDepartment of TransportationDepartment of Motor Vehicles
1200 W 3rd St, Little Rock, AR 72201
(501) 371-2600
10324 Interstate 30, Little Rock, AR 72209
(501) 569-2000
9108 N Rodney Parham Rd # 107, Little Rock, AR 72205
(501) 324-9243
WebsiteWebsiteWebsite

Conclusion

If you are unsure of which type and how much cover you can always compare quotes by entering your zip code and if you find a few which are reasonably priced the insurance agent is standing by to help you determine the amount of cover you need.

Greg Fowler
I love to network, travel, and spend time with my children. When I am not doing that I am working on AutoInsureSavings or other websites. If I am working, the best way to reach me is via my Google+ Profile.

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