How to Compare Car Insurance Rates 2024
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Cheapest Car Insurance in Arkansas (2004)

Updated on:
Content was accurate at the time of publication.

State Farm has the cheapest auto insurance in Arkansas for most drivers. However, Teen drivers and those with a DUI or poor credit might find more affordable rates with Farm Bureau.

And while USAA has the overall cheapest average car insurance in Arkansas, it only offers policies to active duty and veteran military, as well as their family members.

Find the Cheapest Car Insurance Quotes in Arkansas

State Farm has the cheapest rate for full-coverage auto insurance for most Arkansas drivers, at an average of $1,209 a year.

USAA is the overall cheapest car insurance in Arkansas, with an average rate of $900 a month. However, they only provide coverage to members of the military and their families.

Farm Bureau is the next most affordable option for most drivers in Arkansas at $1,321 a year. To compare, Arkansas has an average car insurance rate of $1,879 a year.

Cheapest companies for full-coverage car insurance

CompanyAverage annual rate
State Farm$1,209
Farm Bureau$1,321
Shelter$1,696
Nationwide$1,943
Geico$2,230
Farmers$2,316
Travelers$2,350
Progressive$2,412
Allstate$2,415
USAA*$900

Full-coverage car insurance is not an actual type of car insurance. Rather, it’s a combination of liability, collision and comprehensive coverage.

  • Liability coverage covers injury and property damages to others if an accident was your fault.
  • Collision coverage takes care of damage to your vehicle after an accident.
  • Comprehensive coverage handles noncollision damage, like a falling tree limb or theft.

While Arkansas doesn’t require drivers to carry full-coverage car insurance, auto lenders will likely require you to carry it if you financed your car.

State Farm is the cheapest option for most Arkansas drivers looking for liability car insurance, with an average of $377 a year. Farm Bureau is the second cheapest, at $418 a year.

Cheapest companies for liability car insurance

CompanyAverage annual rate
State Farm$377
Farm Bureau$418
Progressive$606
Shelter$646
Nationwide$671
Geico$682
Farmers$801
Allstate$863
Travelers$916
USAA*$243

Liability car insurance covers injury and property damage costs to others if you’re found legally responsible for the accident. Unlike full-coverage car insurance, it doesn’t include damage to you or your car.

Farm Bureau typically has the cheapest car insurance for teen drivers in Arkansas, with an average of $1,095 a year for liability coverage. State Farm is the next cheapest at $1,299 a year.

Cheapest liability car insurance for young drivers

CompanyAverage annual rate
Farm Bureau$1,095
State Farm$1,299
Shelter$1,624
Geico$1,726
Travelers$2,465
Nationwide$2,859
Progressive$2,890
Allstate$3,242
Farmers$3,343
USAA*$643

Because of their inexperience with driving, teens usually pay the highest rates for car insurance of any age range. If you’re looking to save money on car insurance for a teen in your home, put them on your current policy. While this will raise your annual premium, it should still come out cheaper than if you each had your own policies.

Find the Cheapest Car Insurance Quotes in Arkansas

If you have a speeding ticket on your insurance record, State Farm has the lowest rate for car insurance, at $1,286 a year. Farm Bureau has the next cheapest rate at $1,434 a year.

Cheapest car insurance companies after a ticket

CompanyAverage annual rate
State Farm$1,286
Farm Bureau$1,434
Shelter$1,781
Nationwide$2,548
Geico$2,596
Allstate$2,808
Travelers$3,026
Farmers$3,160
Progressive$3,172
USAA*$1,070

A speeding ticket can stay on your record for three years. You’ll probably see increased car insurance rates during that time.

After an accident, Arkansas drivers typically find the cheapest rates for car insurance with State Farm, with an average rate of $1,383 a year. Farm Bureau has the next lowest average rate of $1,715 a year.

Cheapest car insurance companies after an accident

CompanyAverage annual rate
State Farm$1,383
Farm Bureau$1,715
Shelter$2,893
Farmers$3,193
Nationwide$3,278
Travelers$3,333
Geico$3,481
Allstate$3,584
Progressive$4,014
USAA*$1,260

An accident usually stays on your record between three and five years. Higher auto insurance rates are probable during that time.

If you’re looking for car insurance with a DUI (driving under the influence) conviction on your record, Farm Bureau has the cheapest rates in Arkansas at $1,587 a year. Shelter is the next cheapest choice at $2,606 a year.

Cheapest car insurance companies after a DUI

CompanyAverage annual rate
Farm Bureau$1,587
Shelter$2,606
Progressive$2,747
Farmers$3,079
Allstate$3,216
Travelers$3,526
Geico$3,969
Nationwide$4,188
State Farm$5,068
USAA*$1,712

If your license is suspended in Arkansas due to a DUI, you’ll need to file an SR-22 with the DMV to get your license reinstated. Arkansas typically requires you to carry the SR-22 for at least three years. If you fail to carry it for the full period, the DMV will be notified and your license will be suspended again.

For Arkansas drivers looking for car insurance with bad credit, Farm Bureau has the lowest rate at an average of $2,390 a year. Nationwide is the next cheapest choice, at $3,026 a year.

Cheapest car insurance for drivers with poor credit

CompanyAverage annual rate
Farm Bureau$2,390
Nationwide$3,026
Shelter$3,260
Geico$3,401
Farmers$3,501
Progressive$3,913
Allstate$3,972
Travelers$4,059
State Farm$5,962
USAA*$1,557

Car insurance companies see a correlation between credit score and an increased chance of a person filing a claim. Poor credit typically means you have a score ranging from 300 to 579.

Credit-based car insurance quote calculation is still a controversial topic, and the practice has been restricted or prohibited in some states.

Of the 25 largest cities in Arkansas, Bella Vista residents enjoy the cheapest rates in the state at an average of $1,684 a month.

Little Rock is the most expensive at $2,099 a year.

Cheapest car insurance rates by city

CityAverage annual rate
Bella Vista$1,684
Benton$1,929
Bentonville$1,689
Bryant$1,958
Cabot$1,960
Centerton$1,714
Conway$1,814
Fayetteville$1,760
Fort Smith$1,759
Hot Springs$1,971
Jacksonville$1,922
Jonesboro$1,862
Little Rock$2,099
Maumelle$2,003
North Little Rock$1,979
Paragould$1,810
Pine Bluff$2,062
Rogers$1,689
Russellville$1,727
Searcy$1,883
Sherwood$1,937
Springdale$1,740
Texarkana$1,959
Van Buren$1,787
West Memphis$2,000

Where you live is only one of the factors car insurance companies consider when calculating your quote. Other factors may include:

  • Make and model of your car
  • Your age, gender and marital status
  • Driving record
  • Claim history
  • Annual mileage

Minimum coverage for car insurance in Arkansas

Arkansas’s required liability coverage limits are:

  • $25,000 bodily injury coverage per person
  • $50,000 bodily injury coverage per accident
  • $25,000 property damage coverage

Methodology

Unless stated otherwise, we looked at thousands of car insurance quotes in Arkansas for a 30-year-old man with good credit and no tickets, accidents or convictions for driving under the influence, using a 2015 Honda Civic EX.

The following coverage limits were used:

  • Bodily injury liability: 50,000 per person, $100,000 per accident
  • Property damage liability: $25,000
  • Uninsured motorist: $50,000 per person, $100,000 per accident, where required by law
  • Personal injury protection: minimum limits, where required by law
  • Collision: $500 deductible
  • Comprehensive: $500 deductible

*USAA only available to active duty military, veterans and their families.