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Arkansas Cheapest Auto Insurance Companies, Minimum Coverage & Best Insurers by Consumer Rating

In my study of 16 of the cheapest auto insurance companies in the state of Arkansas I found the lowest to be Farmers, State Farm, and Horace Mann.

Each carrier is able to offer quotes approximately 11% to 17% lower then the median quote for drivers of similar age and profile.

State Farm, Safeco, and GEICO are competitive with low quotes offered from 8% to 16% lower then the median rate.

If you are in the market for the least expensive premium then you may want to put all six carriers on your list to get quotes.

In this article I am going to cover the minimum coverage in Arkansas, the lowest price carriers by age, and other strategies for more savings.

If you would like to skip to a portion of the article please use the table of contents down a little and to the right. 

Minimum Auto Insurance Coverage in Arkansas

CoverageArkansas Minimum Liability CoverageRecommended 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.

Cheapest premium choices for 30 year old driver in Arkansas.Note: A 30 year old driver with a good record can find the least expensive quotes with Farmers, Progressive, and Horace Mann. Each carrier is from 12% to 16% lower than the median price. State Farm and Safeco are as competitive with quotes offered at $803 and $865 respectfully.

With comprehensive coverage 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.

Least expensive policy options for 45 y/o driver in Arkansas.Note: A 45 year old driver can find the best prices with Safeco, State Farm, and Horace Mann. Each queried at $493, $499, and $511 respectfully. Farmers and Progressive are almost as competitive with quotes at $512 and $514 respectfully.

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 Companies in Arkansas by Age

I conducted a study to get quotes from 16 national and local insurers in Arkansas for drivers from 25 to 55 year of age.

The cheapest insurers overall for a driver with a clean record are Farmers, Progressive, and Horace Mann.

Each carrier is able to provide quotes which are 11% to 17% lower than the median rate for drivers of similar profile.

For drivers 35 years of age and younger the best options were with Farmers and Progressive.

For older drivers, Safeco and Horace Mann are more competitive.

State Farm, Safeco, and GEICO are carriers you would want to put on your list to get quotes.

Each carrier is able to provide quotes from 8% to 16% lower than the median rate for drivers with a similar profile.

I would put all of the six carriers on my list to get quotes to find the most savings.

There is a blend on national and regional carriers which is the best way to find the most savings when shopping for a new premium.

Below is the list of all 16 carriers and the quotes offered for each age of driver. 

Arkansas CompanyAverage Premium 25 Y/O Driver30 Y/O Driver35 Y/O Driver40 Y/O Driver45 Y/O Driver55 Y/O Driver
Farmers$899$712$612$578$512$440
Progressive$909$733$614$577$514$413
Horace Mann$967$756$644$532$511$456
State Farm$977$803$673$600$499$487
Safeco$1,000$865$703$612$493$500
GEICO$1,002$867$705$656$497$432
National General$1,087$903$744$700$532$500
MetLife $1,103$1,004$756$721$521$487
S. Farm Bureau$1,143$1,049$800$743$512$467
Allstate$1,167$1,144$799$729$600$534
Ameriprise$1,231$1,189$854$800$612$543
Esurance$1,256$1,190$876$801$589$511
Nationwide$1,277$1,200$879$803$599$521
Liberty Mutual$1,367$1,202$901$805$604$543
Hartford$1,388$1,123$909$853$643$598
21st Century$1,403$1,176$913$859$689$600

Uninsured Motorist Protection for Drivers in Arkansas

Another coverage you may want to consider is uninsured motorists coverage.

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.
Low-cost premium prices for 55 year old drivers.Note: When I queried for quotes for a 55 year old driver the stand out was Progressive offering low quotes at $413. Almost as competitive are Farmers and Horace Mann with quotes at $440 and $456 respectfully for full coverage. State Farm and Safeco are notable with quotes at $487 and $500. If you are in the market for a low price I would put all five carriers illustrated on my list to get quotes.

Gap Covergae 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 coverage.

This type of coverage 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 your insurance rates may increase even when you have not had an automobile accident or filed a claim.  

The carriers which stood out are Progressive, Horace Mann, Farmers, and Safeco, which is a Liberty Mutual company.

Typically, the consumer rating for national companies is slightly higher.

For example, Progressive’s is 4.4 while Horace Mann’s is 4.2.

Personally, I am not concerned with the consumer rating unless it falls below 3.3 or 3.2.

None of the carriers on the list below fall into this category.

Consumer rating information is from reputable online sources to get an average.

Any other data is from AM Best, JD Power & Associates, and the Insurance Information Institute or III.org. 

Arkansas CompanyPremiumsRate Change > 18 Months# of ComplaintsRating out of 5 Stars
Farmers$78,015,367+3.4%64.4
Progressive$93,506,250+3.1%104.4
Horace Mann$19,414,847 +2.4%24.2
State Farm$375,631,848 +1.4%94.7
Safeco$33,813,210+1.7%44.5
GEICO$81,792,529 +1.9%114.6
National General$11,892,584+3.0%24.1
MetLife $14,463,757+3.3%44.3
S. Farm Bureau$206,211,166+3.8%44.3
Allstate$109,194,732+2.0%124.4
Ameriprise$5,453,114 +2.0%33.9
Esurance$5,691,830 +2.2%54.0
Nationwide$61,851,329+2.6%74.2
Liberty Mutual$11,136,725+2.9%53.9
Hartford$24,437,324+4.0%44.3
21st Century$8,493,667 +2.8%44.4

Cities In Arkansas & Average Premium

Below are 24 cities in the state of Arkansas and the average premium.

Location is a primary factor for insurers when determining your premium.

The median cost varied from $498 to $739 depending on the city you reside in.

If you find your quotes are significantly higher than those listed below you may be either a young driver or have traffic violations on your record.

The best way to keep your premium as low as possible is to maintain a clean driving record and do not file claims.

If you would like a detailed comparison of quotes in larger cities in Arkansas please read further below.

CityAvg RatePopulationCityAvg RatePopulationCityAvg RatePopulation
Benton $61130,681Jasper$687450Searcy $61122,858
Bentonville $67635,301Lincoln$7002,425Sherwood$62229,523
Conway$69858,908Maumelle $64217,163Taylor$665538
Cabot $60923,776Nashville$6874,627Texarkana$53230,283
Corning$5983,118Paragould$54926,113Van Buren$57222,791
Danville$6212,444Pine Bluff$49949,083West Memphis$50526,245
Hot Springs$73235,193Rogers $59855,964Wynne $5218,367
Jacksonville$66528,364Russellville$60227,920Yellville$4981,204

Little Rock, AR

Little Rock cheapest premiums by price for drivers.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 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.

Little Rock Company30 Y/O Driver45 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.

Fayetteville, AR

Fayetteville, AR least expensive policy choices for all drivers.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.

Fayetteville Company30 Y/O Driver45 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.

Fort Smith, AR

Fort Smith inexpensive policy choices for drivers.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.

Fort Smith Company30 Y/O Driver45 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.

Springdale, AR

Springdale, AR lowest premium options for all drivers.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”.

Springdale Company30 Y/O Driver45 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.

Jonesboro, AR

Jonesboro, AR cheap premiums by price and by insurer.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.

Jonesboro Company30 Y/O Driver45 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.

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
Managing Member of AutoInsureSavings LLC, Greg enjoys writing articles to help drivers save on anything related to automobiles. Travel and enjoying the outdoors are some of his hobbies. The best way to reach him is at Google+ or Facebook Profile.

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