As of 2019, Arkansas had over 2 million registered drivers and 2.9 million registered vehicles. The state also has one of the highest rates of uninsured drivers in the country, with over 19 percent of drivers not carrying insurance. Getting car insurance in Arkansas is an important part of your financial plan.
Arkansas drivers pay an average of $1,914 per year for full coverage and $470 for minimum coverage. Even though car insurance is required by law in Arkansas, there are ways to find coverage at a low cost. If you're looking for the cheapest car insurance in Arkansas, knowing which companies offer the lowest average rates and what steps you can take to reduce your premium could be beneficial.
Arkansas's cheapest car insurance for 2021
If you are looking for the best auto insurance in Arkansas, you should get quotes from the following companies:
Geico
Geico's average premiums are among the highest on our list, but the company does offer a variety of discounts that may help you save. You may be able to reduce your premium by being a safe driver, wearing your seatbelt, driving a vehicle equipped with anti-lock brakes, insuring a new vehicle, or belonging to certain affiliated organisations
Geico could be a good option if you prefer to handle your insurance needs digitally. The company's mobile app is one of the most comprehensive on the market, allowing you to file claims, pay bills, make changes, view ID cards, and request roadside assistance. The app has received high ratings in both the App Store and Google Play.
State Farm
State Farm may be a good option if you prefer to handle your car insurance needs in person. The company has agents all over Arkansas who are ready to assist you with your insurance and banking needs. With State Farm, you can customise your policy by adding optional coverages such as ridesharing coverage, car rental reimbursement, and roadside assistance.
State Farm also provides a variety of discounts, such as savings for being accident-free, owning a vehicle with certain safety features, insuring multiple vehicles, or purchasing multiple policies. You may also want to participate in one of State Farm's safe driving programmes, Drive Safe and Save for adults and Steer Clear for drivers under the age of 25. Both programmes have the potential to save you money while also teaching you safer driving habits.
Farmers
Farmers Insurance provides comprehensive coverage options such as customised equipment coverage, accident forgiveness, original equipment manufacturer (OEM) coverage, and new car replacement coverage. Farmers may be a good option if you want cheap full coverage but do not qualify for USAA.
Farmers' website does not advertise many discounts, but you could save money by insuring your home and auto with Farmers, insuring multiple cars, and staying accident-free. You may also be able to use the company's telematics programme, Signal. The programme entails tracking your driving habits with a mobile app in order to earn a personalised discount. You could save up to 15% and possibly another 10% if you enrol a driver under the age of 25.
Southern Farm Bureau
Southern Farm Bureau may be a good choice if you want a company with low average rates and a long list of discounts. Southern Farm Bureau offers discounts such as driver training, defensive driving, good student, customer loyalty, and continuous coverage in addition to its lower-than-average premiums.
Despite receiving a J.D. Power score that is lower than the industry average, Farm Bureau has a low complaint index rating from the National Association of Insurance Commissioners (NAIC). A score of 1.00 represents the baseline number of complaints received; a score above 1.00 indicates that the NAIC received more complaints than average, whereas a score below 1.00 indicates that the NAIC received fewer complaints than average. The NAIC received far fewer complaints about Southern Farm Bureau's private passenger auto product, which received a score of 0.09.
USAA
Military members, both active and retired, as well as their immediate family members, are served by USAA. Despite the fact that USAA is rank-ineligible due to these eligibility restrictions, the company received the most points in the Central region, which includes Arkansas, in the 2020 U.S. Auto Insurance Study. Customers are generally pleased with USAA's customer service, according to this data.
Although USAA's average minimum and full coverage premiums are among the lowest on our list, the company still offers a variety of discounts that could help you save even more money. You could save money on your premium if you garage your vehicle on a military base, store your vehicle while you are deployed, insure a new car, or insure multiple cars or policies with USAA.
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