Cheapest Car Insurance In Arkansas For 2024
Southern Farm Bureau offers dependable and competitively priced basic auto insurance in Arkansas, starting at $28 per month.
We’ve saved shoppers an average of $600 per year on their car insurance.
Affordable car insurance in Arkansas might appear hard to come by, but it’s possible to find with the right approach. Southern Farm Bureau is a reliable name in insurance, offering competitive rates and diverse coverage options, from basic to comprehensive plans. With the rising cost of living, securing the right insurance at the best price is essential.
Whether you’re new to driving, a regular commuter, or a family looking to lower premiums, knowing what influences rates and where to find the best deals can be invaluable. After years of studying car insurance trends, I’ve crafted this guide to help you navigate Arkansas’ insurance landscape.
Cheapest Car Insurance Companies In Arkansas
Our Methodology
In my research, I used a structured method to gather and analyze information on various car insurance providers and their policies. I began by identifying important factors to consider, such as coverage options, pricing, customer satisfaction, and financial stability. Then, I gathered data from reliable sources like insurance company websites, consumer reviews, and industry reports. Once collected, I organized the data into categories and assessed each insurer based on specific criteria. This involved comparing coverage options, premium rates, discounts available, and customer feedback to determine the advantages and disadvantages of each provider.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest Car Insurance In Arkansas For Minimum Coverage
In Arkansas, Southern Farm Bureau’s rates for basic auto insurance coverage are very affordable, starting at $28 per month on average.
| Provider | Average Monthly Cost | Average Annual Cost |
|
Nationwide |
$33 |
$394 |
|
Travelers |
$42 |
$501 |
|
Southern Farm Bureau |
$28 |
$334 |
|
Farmers |
$42 |
$501 |
|
GEICO |
$43 |
$514 |
To drive legally in Arkansas, drivers must have minimum car insurance, typically including liability coverage for bodily injury and property damage. Bodily injury liability covers medical expenses and legal fees if you’re at fault in an accident that injures others, while property damage liability pays for repairing or replacing others’ property or vehicles you damage. State laws establish these minimum coverage amounts, which can vary depending on your driving record or the type of vehicle you own. It’s important to be aware of these regulations to ensure adequate financial protection.
Cheapest Car Insurance In Arkansas For Full Coverage
Opting for Southern Farm Bureau’s full coverage car insurance in Arkansas could save you money, with average monthly premiums as little as $66.
| Provider | Average Monthly Cost | Average Annual Cost |
| Southern Farm Bureau |
$66 |
$790 |
|
$82 |
$982 |
|
|
Farmers |
$90 |
$1,078 |
|
Nationwide |
$73 |
$874 |
|
GEICO |
$96 |
$1,150 |
Drivers in Arkansas have the option to purchase full coverage car insurance, which exceeds the state’s minimum liability requirements. This comprehensive insurance includes collision coverage for accident-related damages and comprehensive coverage for incidents like theft or fire. Opting for full coverage ensures drivers are financially protected and have peace of mind, ready to handle various risks. Reviewing policy specifics, such as coverage limits and deductibles, is essential to ensure it meets individual needs effectively.
Cheapest Car Insurance In Arkansas For Drivers With Poor Credit
Arkansasers can benefit from Southern Farm Bureau budget-friendly insurance options, especially if they have poor credit, with rates averaging $122 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Southern Farm Bureau |
$122 |
$1,462 |
|
GEICO |
$142 |
$1,702 |
|
Nationwide |
$124 |
$1,481 |
|
AAA |
$173 |
$2,074 |
|
Travelers |
$129 |
$1,546 |
Credit scores play a crucial role in determining car insurance rates in Arkansas. Insurers assess risk using credit history, which means lower scores can lead to higher premiums. Drivers with poor credit are perceived as higher-risk clients likely to file claims. Despite this, they can mitigate costs by comparing quotes and exploring available discounts.
Cheapest Car Insurance In Arkansas For Seniors
Arkansas seniors can benefit from Southern Farm Bureau’s economical plan, with an average cost of $54 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
|
Auto-Owners |
$62 |
$742 |
|
Southern Farm Bureau |
$54 |
$646 |
|
State Farm |
$72 |
$862 |
|
Allstate |
$100 |
$1,198 |
|
Nationwide |
$68 |
$814 |
Experienced drivers may receive lower insurance rates, as they’re typically seen as responsible and cautious. Many older adults drive less, reducing their risk of accidents. Insurers often provide discounts based on age and safe driving habits, with added savings for seniors who complete a defensive driving course to improve road safety.
Cheapest Car Insurance In Arkansas For Young Drivers
Young adults in Arkansas often find that car insurance rates are more affordable compared to teenagers. This is because, with age, they generally adopt safer driving habits, leading to fewer accidents and claims. Insurers reflect these patterns by offering young adults lower premiums for maintaining a better safety record.
Cheapest Arkansas Car Insurance For 16-Year-Olds
Auto-Owners boasts the most affordable premiums for sixteen-year-olds, averaging around $418 each month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Shelter | $480 | $5,752 |
| Southern Farm Bureau | $485 | $5,813 |
| State Farm | $592 | $7,085 |
| Auto-Owners | $418 | $5,016 |
| USAA | $449 | $5,389 |
Cheapest Arkansas Car Insurance For 17-Year-Olds
Seventeen-year-olds can find the most budget-friendly insurance options with USAA, where premiums average $353.
| Provider | Average Monthly Cost | Average Annual Cost |
| Shelter | $445 | $5,340 |
| Southern Farm Bureau | $455 | $5,460 |
| Geico | $469 | $5,620 |
| USAA | $353 | $4,235 |
| Auto-Owners | $417 | $5,001 |
Cheapest Arkansas Car Insurance For 18-Year-Olds
USAA provides the least expensive insurance rates for 18-year-olds, averaging $303 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Shelter | $414 | $4,959 |
| Southern Farm Bureau | $417 | $5,006 |
| Geico | $439 | $5,266 |
| USAA | $303 | $3,627 |
| Auto-Owners | $389 | $4,661 |
Cheapest Arkansas Car Insurance For 21-Year-Olds
The average monthly premium for 21-year-olds at USAA is $148, making it a budget-friendly choice.
| Provider | Average Monthly Cost | Average Annual Cost |
| Auto-Owners | $281 | $3,364 |
| Geico | $290 | $3,473 |
| Shelter | $293 | $3,518 |
| USAA | $148 | $1,771 |
| Progressive | $281 | $3,363 |
Cheapest Car Insurance In Arkansas For Good Drivers
Drivers with a good record in Arkansas can get insurance from Southern Farm Bureau for as low as $66 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Southern Farm Bureau |
$66 |
$790 |
|
State Farm |
$82 |
$982 |
|
Farmers |
$90 |
$1,078 |
|
Nationwide |
$73 |
$874 |
|
GEICO |
$96 |
$1,150 |
The cost of car insurance for safe drivers in Arkansas can differ based on factors like their driving history, age, and the type of coverage they want. Generally, those with clean driving records may qualify for lower premiums as insurers consider them less of a risk. They may also receive discounts for maintaining a good driving record. Safe drivers are advised to compare quotes from different insurers to find the best rates and coverage options that suit their needs.
Cheapest Car Insurance In Arkansas For Drivers With Prior Incidents
In Arkansas, individuals who have experienced accidents, speeding violations, or DUIs often face challenges in securing affordable car insurance. These incidents categorize them as high-risk clients for insurers, leading to higher premiums to cover anticipated claims. This situation is particularly prevalent in Arkansas due to its elevated rate of traffic incidents. Insurers determine their pricing strategies based on statistical analyses that demonstrate a correlation between prior driving incidents and a higher probability of future claims.
Cheapest Car Insurance In Arkansas For Drivers With A Speeding Ticket
Drivers with speeding tickets can save money with State Farm, where average premiums are as low as $105.
| Provider | Average Monthly Cost | Average Annual Cost |
| Farm Bureau | $123 | $1,472 |
| Shelter | $175 | $2,099 |
| State Farm | $105 | $1,258 |
| Geico | $218 | $2,620 |
| Nationwide | $212 | $2,542 |
Cheapest Car Insurance In Arkansas For Drivers With An At-Fault Accident
Drivers with speeding violations can save money by choosing State Farm, where they typically pay around $112 in premiums.
| Provider | Average Monthly Cost | Average Annual Cost |
| Farm Bureau | $140 | $1,678 |
| Shelter | $240 | $2,878 |
| Nationwide | $270 | $3,238 |
| State Farm | $112 | $1,343 |
| Farmers | $264 | $3,166 |
Cheapest Car Insurance In Arkansas For Drivers After A DUI
Drivers with DUI records will find Farm Bureau’s average premium of $130 to be the most cost-effective.
| Provider | Average Monthly Cost | Average Annual Cost |
| Progressive | $227 | $2,722 |
| Farmers | $254 | $3,046 |
| Allstate | $266 | $3,190 |
| Farm Bureau | $130 | $1,558 |
| Shelter | $215 | $2,578 |
Average Cost Of Auto Insurance In Arkansas – By Age
| Age | Average Monthly Cost | Average Annual Cost |
| 16 | $537 | $6,440 |
| 17 | $536 | $6,424 |
| 18 | $515 | $6,176 |
| 19 | $417 | $4,998 |
| 21 | $311 | $3,725 |
| 25 | $240 | $2,860 |
| 35 | $202 | $2,400 |
| 45 | $197 | $2,356 |
| 55 | $178 | $2,137 |
| 65 | $181 | $2,172 |
| 75 | $210 | $2,521 |
Average Cost Of Car Insurance In Arkansas – By Gender & Marital Status
| Gender | Marital Status | Average Annual Cost |
| Female | Single | $1,260 |
| Male | Single | $1,320 |
| Female | Married | $1,280 |
| Male | Married | $1,375 |
Average Cost Of Auto Insurance In Arkansas – By Credit Tier
| Credit Tier | Average Monthly Cost | Average Annual Cost |
| Excellent | $100 | $1,198 |
| Good | $115 | $1,382 |
| Poor | $146 | $1,759 |
Cheapest Car Insurance In Arkansas By City:
| City | Average Monthly Cost | Average Annual Cost |
| El Dorado | $216 | $2,591 |
| Fayetteville | $184 | $2,206 |
| Forrest City | $211 | $2,524 |
| Arkadelphia | $199 | $2,384 |
| Bella Vista | $176 | $2,108 |
Minimum Car Insurance Requirement In Arkansas
Arkansas requires drivers to have a minimum level of car insurance, including liability coverage of 25/50/25—$25,000 for each injured person, $50,000 per accident, and $25,000 for property damage. Drivers must also carry uninsured/underinsured motorist coverage at $25,000 per person and $50,000 per accident. Additionally, Personal Injury Protection (PIP) is required for covering medical and wage-related expenses, or drivers can select the Health Insurance Primary (HIP) option if their health plan meets eligibility.
Car Insurance Discounts In Arkansas
Exploring discounts on car insurance can help you cut costs. An agent might identify even more savings. Here are popular discounts:
- Safe Driver Discount: For maintaining a clean driving record.
- Multi-Vehicle Discount: Insure multiple cars with one policy for savings.
- Bundling Discount: Combining policies, like car and home insurance, can lower premiums.
- Good Student Discount: Students with excellent grades might enjoy reduced rates.
- Defensive Driving Discount: Completing a course in defensive driving may qualify you for a discount.
FAQs
How much is car insurance a month in Arkansas?
The monthly price of car insurance in Arkansas may change, influenced by age, driving record, and chosen coverage.
What is the minimum car insurance one must have in Arkansas?
In Arkansas, drivers need auto insurance that covers liability for bodily injury and property damage, as well as mandatory Personal Injury Protection (PIP).
Which insurance is better in Arkansas?
Determining the best insurance in Arkansas is a personal choice, influenced by your driving habits and coverage preferences. Comparing quotes from different insurers can help you make the best decision.
Sources
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