Cheap Car Insurance Quotes After a Speeding Ticket in Arkansas

Trying to find low-priced car insurance is tough enough, and finding out which companies quote the most affordable car insurance rates after a speeding ticket will take a bit more work.

Every auto insurer has a unique formula to determine premium rates, so we’ll take a look at the car insurance companies that tend to be cheaper in Arkansas. It’s a good idea to know that Arkansas car insurance rates are influenced by many factors that may substantially change the price you pay for coverage. This is why drivers need to compare as many rates as possible to get cheap auto insurance quotes after a speeding ticket. Insurance prices are made up of many different factors and change frequently, so the lowest-price company the last time you compared rates may now not even be in the top five.

USAA offers some of the lowest car insurance rates in Arkansas at around $991 per year. Auto Club, Travelers, Southern Farm Bureau, and State Farm also qualify as some of the most economical Arkansas car insurance companies.

As shown above, if you currently have a policy with Southern Farm Bureau and switched to USAA, you may realize a yearly savings of in the neighborhood of $186. Arkansas drivers with State Farm might save as much as $233 a year, and Safeco customers might reduce rates by $287 a year.

Understand that those prices are averages across all drivers and vehicles in Arkansas and are not factoring in a price discount after a speeding ticket. So the company that fits your age and vehicle best may not even be included in the list of companies above. That is why you need to get rate quotes from many companies using your own personal information and vehicle type.

One of the key criteria that is looked at to determine the annual cost of car insurance is where you call home. Areas with more people or higher crime rates like Little Rock, Texarkana, and Benton tend to pay more, whereas cities that are not as densely populated have the benefit of cheaper auto insurance prices.

The illustration below illustrates the highest-priced places in Arkansas after a speeding ticket in which to purchase auto insurance.

Information shown are approximated as the specific Arkansas residence address can impact rates substantially.

The cost and performance of the vehicle you are seeking coverage for is one of the primary factors in finding cheap car insurance after a speeding ticket in Arkansas. Vehicles with higher performance, a lack of safety features, or a track record of large liability claims will cost significantly more to insure than more modest models. The tables below showcases insurance rates for a handful of the most cost-effective automobiles to buy coverage for.

Data based on married male driver age 50, two speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, and claim-free. Information does not factor in specific Arkansas garaging location which can revise coverage rates noticeably.

Prices above based on married male driver age 50, two speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, and claim-free. Premium amounts do not factor in specific garaging location which can raise or lower insurance rates considerably.

Data based on married male driver age 50, two speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, and multi-vehicle. Rate quotes do not factor in specific Arkansas garaging location which can lower or raise auto insurance rates substantially.

The information below shows how choosing a deductible can increase or decrease insurance prices when researching cheap insurance after a speeding ticket. The premiums are based on a single female driver, comp and collision included, and no policy discounts are applied.

A 40-year-old driver could lower rates by $270 a year by increasing from a $100 deductible up to a $500 deductible, or save $408 by choosing a $1,000 deductible. Young drivers, like the 20-year-old, could possibly save $682 annually just by using higher deductibles.

If you make the decision to raise deductibles, it’s a good idea to have enough savings to offset the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

How to get discounts on Arkansas car insurance

Insurance companies that offer cheap car insurance after a speeding ticket in Arkansas may also provide rate discounts that may potentially lower prices by 30% or more if you qualify for them. Companies and a partial list of their discounts include:

The illustration below shows the comparison of premium costs with and without policy discounts. The premiums are based on a female driver, no accidents and one citation, Arkansas state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple vehicle, anti-theft, passive restraint, homeowner, paperless filing, and vehicle safety discounts applied. When discounts are factored in, the average savings per year on car insurance after a speeding ticket is 13% or $312.

Are you paying too much for car insurance in Arkansas?

Arkansas car insurance rates are determined by lots of factors that can increase the price you have to pay. Getting older, buying higher coverage limits, or getting a driving violation can cause premium changes resulting in some companies being cheaper than before.

And not only may your rating factors change, but auto insurance companies change prices as often as every three months to adjust for unexpected claims or profits. Significantly higher claims may cause increased rates, while lower claims may result in lower-cost Arkansas car insurance rates.

For instance, the data below demonstrates which company has the cheapest car insurance in Arkansas for a 30-year-old male driver with a clean driving record, no accidents, and good credit. If we look at prices based on his personal profile, USAA offers the most affordable car insurance rates in Arkansas at $1,011 annually. This is $898 less than the average policy premium paid by Arkansas drivers of $1,909. Auto Club, Travelers, Southern Farm Bureau, and State Farm round out the rest of the best Arkansas auto insurance companies.

The next chart shows rates after we give the driver in the first example a claim, bad credit, and a couple of points charged on his driving record. Since each insurance company has their own guidelines to determine rates, analyzing rate quotes may now show a different ranking of the cheapest Arkansas car insurance companies as shown below.

Farmers now has the cheapest insurance rate in Arkansas with Columbia Insurance, Cameron Mutual, State Auto, and Auto-Owners also being competitive. This demonstrates why it is so important to compare rates when trying to get the cheapest insurance rates after a speeding ticket. Rates are calculated by many factors and change frequently, so the most economical company two years ago may now be wasting a lot of money.

How to find cheaper car insurance after a speeding ticket

It’s not impossible to find cheaper rates, and here are many money-saving ideas that can help Arkansas drivers find lower-cost coverage.

• Avoid getting tickets or violations
• Raise deductibles to save money
• Drive safe vehicles
• Avoid having at-fault accidents
• Older vehicles may not need full coverage
• Higher credit ratings may save you money
• Compare rates and switch if you can find a better deal

That last idea is extremely vital, as we stressed in this article. Rates can be changed at any time, so don’t be hesitant to change insurance companies if a cheaper rate is available. Having a favorite company is great, but it isn’t a good idea if that inflexibility results in costing you a lot of money. Now is a great time to compare prices to find cheaper auto insurance after a speeding ticket.