Arkansas Car Insurance Rates
Average insurance rates in Arkansas for 2018 are $1,354 every 12 months for full coverage. Comprehensive, collision, and liability coverage cost an estimated $302, $550, and $350, respectively. Little Rock and El Dorado have the most expensive car insurance rates, and the two companies who insure the most vehicles in Arkansas are State Farm and Southern Farm Bureau.
Average rate for full coverage: $1,354
Rate estimates broken down by type of insurance:
40-year-old driver, full coverage with $500 deductibles, and good driving record
Average Price Range for Auto Insurance in Arkansas
For the average driver, Arkansas insurance prices go from as low as $414 for just liability insurance to a much higher rate of $2,924 for a driver that may need high-risk insurance.
These price ranges show why anyone shopping for car insurance should compare prices for a targeted area and risk profile, rather than using rates averaged for all U.S. states.
Use the form below to get accurate rates for your location.
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Recommended Companies for Cheap Arkansas Insurance
Chart shows Arkansas auto insurance rates for different risk profiles and scenarios. The cheapest rate with discounts is $776. Drivers choosing higher $1,000 deductibles will pay around $1,160. The average rate for a driver around age 40 using $500 deductibles is $1,354. Using more expensive $100 deductibles for comprehensive and collision insurance could cost up to $1,728. If you have multiple accidents and violations you could be charged at least $2,924. The price for full coverage insurance for a teenage driver can be as high as $4,984.
Insurance prices in Arkansas are also quite variable based on your driving record, the type of vehicle you drive, and liability limits and deductibles.
An older driver with no violations or accidents and high deductibles may only pay around $1,300 a year for full coverage. Rates are highest for teenage drivers, where even good drivers should be prepared to pay at least $4,900 a year. View Rates by Age
If you have some driving violations or tend to cause accidents, you could be paying $1,600 to $2,200 additional each year, depending on your age. High-risk driver insurance can be around 44% to 132% more than the average rate. View High Risk Driver Rates
The area you live in has a huge impact on auto insurance rates. Less congested rural areas could have rates as low as $1,000 a year, while some neighborhoods in Little Rock and El Dorado may have prices as high as $1,700. Even different neighborhoods within the same city can have large rate differences.
These price discrepancies highlight the significance of getting rates based on where you live in Arkansas.
The type of vehicle you drive is a primary factor in determining the price you pay for car insurance in Arkansas. Choosing to drive a cheaper and safer model will cost less to insure thanks to lower cost for replacement parts and lower severity of accident injuries.
The table below shows auto insurance estimates for the most popular vehicles that are insured in Arkansas.
|Make and Model||Premium||% to Avg|
|Get Rates for Your Vehicle Quote Now|
Annual estimated premium for full coverage, $500 deductibles, driver age 40 with clean driving record.
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Opting for high physical damage deductibles could cut rates by as much as $570 a year, while increasing your policy's liability limits will increase premiums. Going from a 50/100 limit to a 250/500 limit will increase rates by as much as $315 more each year. View Rates by Deductible or Liability Limit
Your auto insurance company obviously has an impact on price. In each state, every insurer has a slightly different rate calculation, and prices can be substantially lower or higher depending on individual risk factors. In Arkansas, car insurance prices range from $1,001 with USAA to as much as $3,631 with United Automobile. Companies like Auto Club, Travelers, and Southern Farm Bureau fall somewhere in between.These are probably not the rates you would pay, as your driving history, your vehicle make and model, and your location in Arkansas have to be factored in.
|Rank||Company||Market Share||Average Rate|
|2||Southern Farm Bureau||12.54%||$1,201|
|Get Your Rates Quote Now|
Source: National Association of Insurance Commissioners (NAIC) 2015 Market Share Report and The Zebra
Since rates can be so different, the only way to know who has the cheapest car insurance rates is to compare rates and see how they stack up. Each insurance company utilizes a different rate formula, and rates may be quite different from one company to the next.
Arkansas Auto Insurance Articles
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Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$102|
|5-yr Claim Free||$87|
|Paid in Full/EFT||$64|
Discounts are estimated and may not be available from every company or in every state.