Cheap Auto Insurance in Arkansas for 2024 (Save With These 10 Companies)
The companies that rank highest in cheap auto insurance in Arkansas are State Farm, Geico, and Liberty Mutual, and their rates start at $28 monthly. These insurance companies are regarded as the best in Arkansas since they provide excellent discounts and cheap rates.
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Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent insurance brokerage. His company specializes in insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast Modern Li...
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UPDATED: Nov 6, 2024
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Min. Coverage in Arkansas
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3,607 reviewsThe top pick list of cheap auto insurance in Arkansas with the lowest monthly premiums are State Farm, Geico, and Liberty Mutual, with $28 per month.
They provide affordable coverage with multiple discounts, safe driving rewards, and other perks to ensure Arkansans get the best value on car insurance quotes in Heber Springs, AR. You’ll appreciate their competitive rates, strong financial stability for policyholders, and the top-notch customer service they offer.
Our Top 10 Company Picks: Cheap Auto Insurance in Arkansas
| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | $28 | B | Safe-Driving Discounts | State Farm |
 | #2 | $31 | A++ | Competitive Premiums | Geico |
 | #3 | $34 | A | Telematics-Based Savings | Liberty Mutual |
 | #4 | $42 | A | Bundling Discounts | Safeco |
 | #5 | $44 | A+ | Cost-Saving Programs | Nationwide |
 | #6 | $45 | A+ | Extensive Discount | Progressive |
 | #7 | $47 | A | Multi-Policy Savings | American Family |
 | #8 | $51 | A | High-Risk Drivers | The General |
 | #9 | $56 | A | Comprehensive Coverage | Farmers |
 | #10 | $57 | A+ | Local Presence | Allstate |
Car insurance discounts like multi-policy rebates provide an opportunity for high-risk drivers in Arkansas to find affordable coverage that meets their needs for any driving-related situation in the state. To get quotes now, simply Enter your ZIP code using the free tool above.
- Cheap auto insurance in Arkansas for high-risk drivers
- Save with discounts for safe driving and policy bundling in Arkansas
- State Farm is the most affordable from our list at $28 monthly
#1 – State Farm: Top Overall Pick
Pros
- Most Affordable Rates: In a State Farm auto insurance review, this charge makes it one of the cheapest brands a consumer can get in Arkansas, with a minimum monthly charge of $28.
- Safe-Driving Rewards: The application of discounts to its car insurance customers in Arkansas can make driving safer while reducing drivers’ expenses.
- Comprehensive Coverage Options: Auto insurance choices include liability, collision, comprehensive insurance, and other insurance Arkansas drivers can choose and acquire from State Farm.
Cons
- Limited Telematics Options: Currently, State Farm offers no state-of-the-art telematics programs for car insurance clients in Arkansas, while some competitors do.
- Mixed Customer Satisfaction: For Auto insurance in Arkansas, A.M. Best awards them a B rating, which means poor customer relations.
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#2 – Geico: Best for Competitive Premiums
Pros
- Affordable Starting Premiums: According to a Geico auto insurance review, the company sells car insurance in Arkansas, and the minimum monthly premium available is $31.
- Multiple Discounts Available: Geico offers discounts with low claim rates, and a policyholder can secure numerous policies together. They are making it possible for most customers in Arkansas.
- Strong Financial Stability: Geico has an A++ rating by A.M. Best, proving that the company is in good financial standing, which reassures drivers when searching for auto insurance in Arkansas.
Cons
- Fewer Local Offices: It has fewer local offices in Arkansas, which might be a hassle to its customers who want to have flesh-and-blood help concerning their automobile insurance.
- Expensive for Younger Drivers: Geico’s forcing car insurance is relatively higher in Arkansas for younger drivers than other companies.
#3 – Liberty Mutual: Best for Telematics-Based Savings
Pros
- Telematics Discounts: Liberty Mutual has its RightTrack program for Auto insurance in Arkansas, through which healthy drivers with a starting monthly premium of $34 are encouraged.
- Flexible Coverage Options: Liberty Mutual offers adaptable car insurance in Arkansas with perks like accident forgiveness and new car replacements.
- Solid Financial Foundation: The company has a sound rating from A.M. Best, especially in processing claims of customers with vehicle insurance in Arkansas.
Cons
- Higher Base Rates: While Liberty Mutual’s initial price of $34 is reasonable, it may not be the most affordable for Affordable auto insurance in Arkansas.
- Customer Service Issues: According to the Liberty Mutual auto insurance review, most Arkansas car insurance policyholders have a problem with inconsistent assistance over claims.
#4 – Safeco: Best for Bundling Discounts
Pros
- Significant Bundling Discounts: Arkansas customers can cut their bill by a third or more by bundling Safeco’s auto insurance with home or renters insurance for as low as $42 a month.
- Comprehensive Add-Ons: Safeco’s auto insurance in Arkansas offers additional features like roadside assistance and rental car coverage while your vehicle is in for repairs.
- Easy Mobile Access: The insurance services provider has designed a friendly interface for Arkansas car insurance policyholders to access their plans, policies, and claims through a mobile application.
Cons
- Higher Starting Premiums: Nonetheless, Safeco auto insurance review indicates that car insurance in Arkansas costs $42 per month, which is not the cheapest in the state.
- Mixed Customer Service Feedback: Satisfying customer experience has become a crucial dimension in satisfaction amongst Arkansas vehicle insurance clients with mixed feedback.
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#5 – Nationwide: Best for Cost-Saving Programs
Pros
- Innovative Savings Initiatives: Nationwide’s vanishing deductible in Arkansas gives drivers a break on auto insurance by eliminating cements of their deductibles for every year of safe driving.
- Customizable Coverage Options: Arkansas drivers can effortlessly coordinate according to their policies, which include extras such as roadside assistance and accident forgiveness.
- Responsive Customer Service: Nationwide is reputable for offering excellent customer service. Thus, it takes little time for a policyholder with automobile insurance in Arkansas to sort out their issues.
Cons
- Higher Premiums: In Arkansas, Nationwide’s Vanishing Deductible helps drivers save by gradually reducing their deductible for safe driving.
- Fewer Discounts: Arkansas consumers seeking vehicle insurance may find that a Nationwide auto insurance review shows the company offers fewer discounts than other auto insurers.
#6 – Progressive: Best for Extensive Discounts
Pros
- Discount Options: The qualified driver in Arkansas is eligible to acquire a discount on the monthly premiums from $45 each month at Progressive for good drivers.
- Usage-Based Savings: Arkansas citizens can be enrolled under Progressive’s Snapshot, and their driving behavior will be tracked with incentives for safer driving options.
- Flexible Coverage Options: It gives the option to policyholder their choice and need for options like gap and custom parts insurance under Arkansas automobile insurance.
Cons
- Confusing Pricing Structure: With so many discounts and coverage options, Progressive’s price offers may have to be explained to Arkansas car insurance buyers.
- Potential Higher Costs: Arkansas consumers seeking vehicle insurance may find that a Progressive auto insurance review shows the company offers more discounts than other insurers.
#7 – American Family: Best for Multi-Policy Savings
Pros
- Generous Multi-Policy Discounts: Arkansas customers can receive a discount on car insurance by bundling their auto policies with other products like home or life insurance through American Family.
- Flexible Payment Options: Arkansas drivers can get discounts on car insurance by bundling with home or life insurance through American Family.
- Comprehensive Coverage Features: Other endorsements include identity theft for Arkansas and gap for vehicle insurance in Arkansas.
Cons
- Higher Premiums: The $47 monthly cost for an American Family auto insurance review can be highly expensive for drivers in Arkansas, but their pricing is pretty aggressive compared to most providers.
- Mixed Customer Service Feedback: Many Arkansas-based American Family policyholders always complain about the services rendered to them. This may thus affect general satisfaction regarding auto insurance.
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#8 – The General: Best for High-Risk Drivers
Pros
- Coverage For High-Risk Drivers: The General provides car insurance in Arkansas for people with previous accidents or citations that have restricted them from other insurance companies.
- Fast Car Insurance Quotes: The General purposely tailors their options for people who need fast Quotes Online, which helps those with higher risks get Arkansas insurance quickly.
- Flexible Payment Plans: Consumers with vehicle insurance in Arkansas can create flexible monthly installments of $51 for The General auto insurance review product.
Cons
- Higher Premiums For High-Risk Drivers: The General’s starting premium of $51 may be more costly than other Auto insurance in Arkansas for high-risk drivers.
- Limited Policy Customization: Arkansas car insurance customers may have fewer options to customize their policy than others.
#9 – Farmers: Best for Comprehensive Coverage
Pros
- Extensive Options Coverage: Arkansas vehicle insurance, offered by Farmers, offers options on customizable add-ons, including rental reimbursement and rideshare cover.
- Bundled Policies Discounting: Arkansas vehicle insurance customers can pocket some cash by bundling their auto insurance policy with other Farmers’ products like home or life insurance.
- Local Caring: You find hundreds of agents throughout the country; with this, Arkansas vehicle insurance customers are assured of being offered personal touch from local Farmers’ representatives.
Cons
- Higher Premiums: Starting at $56 per month, Farmers may not be Arkansas’s most affordable auto insurance option for budget-conscious drivers.
- Complex Coverage Options: Arkansas drivers are exposed to many policy options and add-ons, so new customers must read and review a Farmer auto insurance review.
#10 – Allstate: Best for Local Presence
Pros
- Local Agent Network: Arkansas clients benefit from customized, in-person assistance.
- Variety of Coverage Types: Allstate is very flexible in assembling policies in Arkansas, so see the Allstate auto insurance review for possible discounts.
- Discount Programs: Drivers in Arkansas can enjoy savings with an array of Allstate discounts, such as safe driving and bundling policy discounts.
Con
- Expensive Premiums: Allstate’s rates for drivers in Arkansas are $57 per month, which can be high.
- Customer Service Reviews: Some Arkansas insurance companies have varying experiences with Allstate regarding when it can reach its service and claims.
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Arkansas Coverage and Rates
Arkansas drivers can choose from a range of auto insurance coverage options, and rates vary by provider and the selected coverage level. State Farm has the cheapest insurance of any provider in our search, with a minimum coverage policy available for just $28 per month, compared to a full coverage policy from Farmers that can run you up to $165 per month.
Arkansas Auto Insurance Monthly Rates by Provider & Coverage Level
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| $56 | $162 |
| $47 | $137 |
| $57 | $165 |
| $31 | $91 |
| $34 | $99 |
| $44 | $128 |
| $45 | $131 |
| $42 | $122 |
| $28 | $80 |
| $51 | $135 |
Prices from other providers are also great, with Geico providing full coverage for $91 a month and Liberty Mutual for $99. Arkansas car insurance’s average monthly cost is about $77 in some cities. Fort Smith (average $84), Fayetteville/Springdale/Rogers (average $71), one of the cheapest places for car insurance in Arkansas.
| Category | Grade | Explanation |
|---|---|---|
| Discounts | A- | Multiple discount options for safe drivers |
| Liability Coverage | B+ | Affordable with good minimum coverage |
| Overall Premiums | B | Rates are slightly below national average |
| Comprehensive | B- | Slightly higher due to storm risks |
| Collision Coverage | C+ | Rates are higher in urban areas |
Affordable auto insurance in North Little Rock, plus a definition of types of auto insurance in Arkansas. Awareness of these types aids in comparison to the best deal. Our free quote comparison tool below guides you in searching for cheap coverage in your area.
Best Arkansas Auto Insurance Companies
Many cheap car insurance companies in Arkansas could be challenging to choose from due to their various rates and policies. Comparing discounts in Little Rock, Arkansas, would be helpful to get cheap car insurance. For example, Allstate’s savings are found through SmartRide, while Geico offers special discounts to military members and students with good academic records.
Auto Insurance Discounts From the Top Providers in Arkansas
| Insurance Company | Available Discounts |
|---|---|
| SmartRide Program, Accident-Free, Military, Easy Pay Sign-Up, Anti-Theft |
| Safe Driving Bonus, New Car, Anti-Theft Device, Responsible Payer Discount |
| Continuous Coverage, Military, Multi-Vehicle, Prior Insurance History Discount |
| Military, Federal Employee, Good Student, Multi-Vehicle, Defensive Driving Course |
| Multi-Policy, Good Student, Low Mileage, Auto Safety Features |
| Snapshot Program, Multi-Policy, Continuous Coverage, Safe Driver, Homeowner |
| Steer Clear (Young Drivers), Multi-Car, Safe Driving, Vehicle Safety Features |
| Signal App (Driving Behavior), Good Student, Multi-Policy, Low Mileage |
| Homeowner, Multi-Policy, Accident-Free, Early Signing Discount |
| Loyalty, Early Bird, Bundled Policies, Responsible Driver, Good Student |
Other popular companies, such as State Farm and Liberty Mutual, offer discounted rates for multi-policy customers or those driving accident-free for several years. Knowing these variables will make it easier to obtain the lowest-priced auto insurance in Arkansas for your vehicle. Regarding car insurance in Arkansas, financial stability is another critical aspect.
Arkansas Report Card: Car Insurance Discounts
| Discount Name | Grade | Savings | Participating Providers |
|---|---|---|---|
| Safe Driver Discount | A | 20% | State Farm, Geico, Allstate |
| Defensive Driving Course | A | 15% | Allstate, Nationwide, Farmers |
| Multi-Policy Discount | A- | 15% | Farmers, Progressive, Nationwide |
| Good Student Discount | B+ | 10% | Liberty Mutual, American Family |
| Anti-Theft Discount | B | 10% | Travelers, Geico, State Farm |
Companies such as State Farm, Geico, and USAA Group received very high marks with regard to claim processing and excellent financial stability. As you browse the costs of car insurance in Arkansas, the price will vary greatly with coverage and discounts. These factors will drive your rates significantly when you are looking for auto insurance quotes in Heber Springs, AR.
Top Arkansas Largest Auto Insurers by Market Share
| Insurance Company | Ranking | Premiums Written | Market Share | Loss Ratio |
|---|---|---|---|---|
| #1 | $195 | 66.9% | 25.6% |
 | #2 | $792 | 69.4% | 12.7% |
 | #3 | $424 | 67.4% | 8.6% |
| #4 | $053 | 47.2% | 7.2% |
 | #5 | $855 | 58.7% | 7.1% |
 | #6 | $940 | 70.6% | 5.6% |
 | #7 | $071 | 73.1% | 4.7% |
| #8 | $245 | 61.3% | 4.1% |
 | #9 | $776 | 52.4% | 4.1% |
| #10 | $506 | 51.8% | 2.9% |
The average cost of car insurance in Arkansas should be weighed alongside the state’s car insurance rates to find the cheapest car insurance Arkansas has to offer. By evaluating both discounts and financial ratings, you can see the most affordable auto insurance options available in Arkansas and determine the cheap auto insurance in Arkansas that fits your requirements.
Arkansas Minimum Coverage
Under Arkansas’s “at-fault” system, the driver becomes financially liable for the accident: the driver pays for the injuries, lost wages, and property damage. Victims often obtain compensation through one of the following avenues: their insurance company, making a third-party claim against the at-fault driver’s insurer, or filing a personal injury suit. Automobile liability coverage is required to legally drive a vehicle in Arkansas.
It has minimum requirements of $25,000 in case of bodily injury or death of one person, $50,000 for total bodily injury or death, and $25,000 in case of property damages. Although such minimum requirements cover your damages for damage you caused to others, it does not cover your injuries or damage to your vehicle. In case of losses that the other policy does not cover, you might be forced to opt for other policies when taking car insurance.
5 Common Car Insurance Claims in Arkansas
| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Collision | 40% | $4,500 |
| Liability | 30% | $11,200 |
| Comprehensive | 15% | $3,800 |
| Personal Injury | 10% | $9,000 |
| Uninsured Motorist | 5% | $6,500 |
Many people search for cheap car insurance in Little Rock, Arkansas, or the most affordable auto insurance in Arkansas, as well as inquiries about how much car insurance is in Arkansas. For those seeking the best car insurance in Arkansas, understanding Arkansas car insurance rates can help.
State Farm offers the best overall value for cheap auto insurance in Arkansas, with monthly rates starting at just $28.
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It’s possible to find cheap car insurance in North Little Rock or discover the cheapest car insurance in Arkansas options that meet your needs while ensuring sufficient Arkansas auto insurance coverage. Get started on comparing full coverage auto insurance rates by entering your ZIP code below.
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Penalties for Driving Without Insurance
In fact, a driver operating an Arkansas vehicle without insurance holds some legal consequences.
Each driver should be well aware of the consequences that accompany such actions to avoid hikes in fines and stay within the ambit of the law.
- First Offence: On your first bust for driving without insurance, you are taken away with a fine of $50 to $250. The Traffic Officer may even affix a ticket attached to the rear of your license plate and ask you to bring in proof of insurance before the end of 10 days.
- Second offense: For the second offense, the penalties become more grueling since they command a fine between $250 and $500. Again, the officer can remove your license plates and request that you view your insurance proof within 10 days.
- Third and subsequent offenses: These are monetary stakes with higher risks that bring fines from $500 to $1000 with imprisonment up to one year in prison.
Many wonder, “Can you get auto insurance without a license?” While possible, obtaining cheap car insurance in Arkansas is usually tied to having a valid driver’s license. To find affordable insurance in Arkansas, comparing options and gathering Arkansas auto insurance quotes from different providers is best.
Discover Affordable Auto Insurance Options in Arkansas
Cheap auto insurance in Arkansas includes coverage by State Farm, Geico, and Liberty Mutual. Quotes start from $28 a month. They give discounts like a safe driver discount and safe-driving rewards and enable customers to save by bundling multiple products at once. With this in mind, the average cost per month stands at about $77.
A minimum of $25,000 for any bodily injury or death and a minimum of $25,000 for property damage. Arkansas car owners can get the most appropriate insurance policy on their cars by comparing quotes and also by getting discounts. Enter your ZIP code to begin now.
Frequently Asked Questions
Which companies offer affordable auto insurance in Arkansas?
Top companies for cheap auto insurance in Arkansas include State Farm, Geico, and Liberty Mutual, offering rates starting at $28 per month. Uncover more about our best Fayetteville, AR auto insurance by reading further.
What is the average cost of cheap auto insurance in Arkansas?
The average cost of cheap auto insurance in Arkansas is about $77 per month, varying by coverage level and individual factors. Get fast and cheap auto insurance coverage today with our quote comparison tool below.
What are Arkansas’s minimum auto insurance requirements?
In Arkansas, minimum auto insurance coverage must include $25,000 for bodily injury per person, $50,000 per accident, and $25,000 for property damage, though higher limits provide better protection.
What discounts exist for auto insurance in Arkansas?
Discounts for cheap auto insurance may include safe driving, multi-policy savings, and good student discounts. Look at our best Jonesboro, AR auto insurance for expanded insights.
How much is car insurance in Arkansas?
The average cost of car insurance in Arkansas is around $77 per month, but rates vary, so comparing Arkansas car insurance quotes is essential.
Which provider has the cheapest auto insurance in Arkansas?
State Farm offers the cheapest auto insurance in Arkansas, with minimum coverage rates starting at $28 per month.
What are the penalties for driving uninsured in Arkansas?
Driving without insurance can lead to hefty fines and legal consequences in Arkansas, so valid insurance is essential. Delve into the depths of our best Little Rock, AR auto insurance for additional insights.
Can I get auto insurance in Arkansas without a driver’s license?
It’s difficult to get cheap auto insurance without a valid driver’s license, but some providers may offer limited options.
Can high-risk drivers find cheap auto insurance in Arkansas?
Yes, providers like The General offer affordable auto insurance options for high-risk drivers in Arkansas.
How can I compare cheap auto insurance rates in Arkansas?
You can compare rates by entering your ZIP code on insurance comparison websites to receive multiple quotes. Uncover affordable auto insurance rates from the top providers by entering your ZIP code below.
Why check financial ratings for auto insurance in Arkansas?
Checking financial ratings is important as it reflects an insurer’s reliability in processing claims and financial stability. Dive deeper into our best Fort Smith, AR auto insurance for a comprehensive understanding.