Auto/car insurance is an essential purchase, but finding a cheap car insurance provider in Arkansas isn’t usually easy. Which is why it’s very important to compare rates from several insurers to get one that suits and also meets your need and budget.
In Arkansas, Auto insurance is quite expensive. The average car insurance price in Arkansas is about $1,458 yearly which is more than the US average car insurance by 2.1%.
Your auto insurance prices are affected by several factors like your marital status, driving history, credit rating, gender, and age.
Read on to see the average costs of car insurance in Arkansas and the top cheapest car insurance in Arkansas.
The Average Cost of Car Insurance in Arkansas Per Month
The cost is $210 per month.
In Arkansas, on average, the car insurance rates for drivers is $210 per month and $2525 per year. This average rate makes Arkansas the 23rd most expensive state in the country for auto insurance rates and 6% less expensive than the national average.
Be informed that average car insurance costs are determined by a number of factors other than just the location. Based on your driving history, gender, credit score, age, and marital status, you could find insurance quotes and discounts that your monthly payment is less than the average cost cited here.
The Cost of Car Insurance for a 16-year-old in Arkansas
Typically, car insurance is very expensive for young drivers than other drivers, as auto insurance companies regard newer motorists as risk drivers and are more likely to be involved in an accident. As one gets older, their auto insurance rates change.
In Arkansas, auto coverage costs for 16-year-old driver is $7,227 per year and $1,287 annually for drivers aged between 50 and 59.
Car Insurance Cost in Arkansas by Age
- Age 16: $7,226.95
- Age 17: $6,491.75
- Age 18: $5,723.47
- Age 19: $3,472.86
- 20s: $1,969.18
- 30s: $1,421.01
- 40s: $1,362.33
- 50s: $1,287.14
- 60s: $1,287.51
- 70s: $1,533.09
Arkansas is the 35th cheapest state in which you can purchase auto insurance for a 16-year-old.
Cities in Arkansas With High Car Insurance Rate
Location is One of the things used often by insurance providers to determine auto insurance rates. Some cities have higher crime rates, which impact how likely you are to file a claim, and thus, your premiums rate will be higher.
Some of the expensive cities in Arkansas annual car insurance rates are:
- Pine Bluff: with $1132.
- West Memphis: with $1139.
- Maumelle: with $1151.
- The North Little Rock: with $1188.
- The Little Rock: with $1290.
The Cheaper Arkansas Cities With Lower Car Insurance Rate
We have here some of the cheapest cities in Arkansas for car insurance and their annual rates:
- Harrison: with $810.
- Mountain Home: with $822.
- Russellville: with $865.
- Siloam Springs: with $893.
- Bella Vista: with $896.
How to Get a Cheap Car Insurance in Arkansas
Below are steps to help lower your car insurance costs:
Shop around: auto insurance rates are quite different from one insurance provider to the next, and for you to get cheaper premium insurance might be as simple as switching providers. Get quotes from multiple insurance providers around you and see which car insurance company is right for you.
Compare discounts: The amount we actually save with discounts will vary from one insurance provider to the other. Though two companies might offer similar ways to save, you might still save more with one of the providers. To determine the amount you can save with a provider, you may speak directly with an agent rather than hunt for available discounts online.
Increase deductible: when you increase your deductible, you will likely pay less each month for the same policy. The drawback of this is that the insurance provider will pay out less money during a claim. Always Choose a deductible amount that suits your budget and needs.
Increase your credit score: in Arkansas, it is legal for car insurance providers to use one’s credit score to calculate their premium. Studies have shown that drivers who have low credit scores are more likely to file a claim than those with strong or high scores. Therefore, if you increase your credit score, your premium may likely go down.
Top 10 Cheapest Car Insurance in Arkansas
So many great size insurance companies offer cheap car insurance in Arkansas. And they include Geico, USAA, State Farm, Southern Farm Bureau, Columbia Insurance Group, Travelers, Nationwide, Alfa, Cameron Mutual, and Progressive.
When shopping for car insurance in Arkansas, do take note of the average premium the companies charge to enable you get started. Sometimes the biggest car insurance companies offer the lowest rates, and sometimes they don’t. Some of these companies may begin with a higher premiums rate but still offer multiple discounts to bring the prices rate down and make them a cheaper option.
Note that It is illegal to drive a vehicle without insurance in Arkansas.
Drivers in Arkansas are required to carry liability insurance at the below minimum levels:
- Bodily Injury: $25,000 per person
- Bodily Injury: $50,000 per accident
- Property Damage: $25,000 per accident
Below are Optional coverage in Arkansas, and they vary by carrier:
- Comprehensive
- Collision
- Loan/Lease Payoff
- Personal Injury Protection (PIP)
- Rental Car Reimbursement
- Roadside Assistance
- Uninsured/Underinsured Motorist Bodily Injury
- Uninsured Motorist Property Damage
Drivers in Arkansas with good driving records enjoy lower auto insurance costs than drivers with histories of speeding tickets, DUI citations, or an at-fault accident. Arkansas drivers without a recent ticket save 19% on their auto insurance, on average, which is slightly more than the nationwide average.
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