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If you want to secure auto insurance coverage in Arkansas, know the associated costs. On average, premiums for car insurance in Arkansas cost $1,957 per year or $163 monthly. While the national average is $1,895, highlighting a difference of $62.
Various factors influence car insurance rates, including age, gender, driving history, credit score, and location.
This guide covers the average cost of full coverage in the state, the factors impacting auto insurance rates, identifies companies providing affordable monthly premiums for car insurance, outlines average car insurance rates across cities in Arkansas, and breaks down car insurance rates by age group.
Shop around and compare quotes to save money on your auto insurance. Continue reading the guide to ensure your insurance policy meets your needs within your budget.
Key Takeaways
- Based on Insure.com’s analysis, car insurance in Arkansas costs $1,957 per year.
- Car insurance in Arkansas costs $163 per month.
- Travelers has the cheapest car insurance rates in Arkansas, at an average annual rate of $1,442 a year.
Average car insurance cost in Arkansas per month
In Arkansas, car insurance costs around $163 per month on average.
It’s a common occurrence for the cost of the same coverage to vary among companies, which is true of every auto insurance company. Thus, when seeking car insurance rates in Arkansas, it’s wise to obtain quotes from multiple firms.
Cheapest car insurance companies in Arkansas
According to Insure.com’s rate analysis, Travelers offers the most affordable car insurance premiums in Arkansas. The average annual cost is $1,442, or $120 per month. The second-best option available is Nationwide, offering insurance at an average cost of $125 per month.
The table below lists the other available car insurance companies that offer car insurance in Arkansas, along with their average cost per month and average annual cost.
Affordable car insurance providers in Arkansas
| Company name | Average per month cost | Average annual cost |
|---|---|---|
| Travelers | $120 | $1,442 |
| Nationwide | $125 | $1,503 |
| Shelter Insurance | $141 | $1,690 |
| Geico | $149 | $1,794 |
| Southern Farm Bureau | $160 | $1,926 |
| State Farm | $172 | $2,060 |
| Farmers | $187 | $2,248 |
| Progressive | $203 | $2,431 |
| Allstate | $227 | $2,729 |
| Alfa Insurance | $269 | $3,225 |
| USAA | $91 | $1,090 |
Read our guide to cheap car insurance companies
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Average cost of car insurance by coverage levels in Arkansas
Car insurance rates in Arkansas are directly proportional to the amount of coverage you buy. Your premium is determined by factors such as your liability limits and your choice of comprehensive and collision coverage.
Liability-only insurance protects against third-party property damage and personal injuries in an accident. However, relying solely on liability coverage would not cover your injuries or property damage if you are considered at fault in a collision. Liability-only insurance for a coverage limit of 50/100/50 costs $589 per year in Arkansas.
As mentioned earlier, increasing the coverage on your policy leads to a rise in your premium, as the insurer will need to provide compensation in case of accidents or other damages. The average annual cost of full coverage car insurance in Arkansas amounts to $1,957 per year.
If you don’t own a car but frequently rent one, non-owner state minimum liability coverage is the most suitable option. Similar to liability-only coverage, it protects property damage and bodily injury caused by another driver. In Arkansas, the average annual cost for non-owner state minimum liability coverage is $266.
For individuals seeking to reduce their car insurance expenses, selecting only the state minimum liability coverage is an option to ensure legal driving privileges within the state. This coverage, which includes only the minimum liability requirements, carries an annual cost of $397 in Arkansas.
Auto insurance premiums vary significantly from city to city, so drivers need to be sure they’re getting the best deal. Insure.com has done the research for you. Get more information on auto insurance rates by city below.
Car insurance rates in Arkansas by city
Average car insurance cost in Arkansas by city
Several factors contribute to determining your car insurance premium, including your state, city, and even ZIP code. The frequency of accidents and the likelihood of vehicle theft or vandalism can impact the overall cost associated with a particular city or ZIP code.
The table below depicts the top popular cities in Arkansas:
| City | Average annual cost |
|---|---|
| Bentonville | $1,794 |
| Conway | $1,908 |
| Fayetteville | $1,875 |
| Fort Smith | $1,875 |
| Jonesboro | $1,878 |
| Little Rock | $2,064 |
| North Little Rock | $1,964 |
| Pine Bluff | $2,084 |
| Rogers | $1,804 |
| Springdale | $1,860 |
Average car insurance cost in Arkansas by age of the driver
Age is a significant factor affecting auto insurance premiums. Teenagers have a higher likelihood of being involved in car accidents compared to any other age group. For instance, in Arkansas, the average annual rate for young drivers is $3,076, whereas for seniors, it’s $1,909. Notably, the rate for young drivers surpasses that of senior drivers by $1,167.
Statistics indicate that young drivers face a greater risk of car accidents than seasoned drivers. Consequently, they are classified as high-risk individuals. They are more expensive to insure due to tendencies such as speeding and limited road experience. However, premiums rise again around age 70 as certain age-related factors may affect driving capabilities.
Average car insurance cost in Arkansas for young drivers
In Arkansas, female young drivers typically pay an average annual car insurance cost of $2,897 and $241 per month.
Conversely, male young drivers pay an average annual rate of $3,254, or $271 per month.
The average annual rates for young male and female drivers are listed in the table below:
| Age of driver | Average annual cost for Male drivers | Average annual cost for Female drivers |
|---|---|---|
| 20 | $4,331 | $3,760 |
| 21 | $3,365 | $2,957 |
| 22 | $3,078 | $2,752 |
| 23 | $2,841 | $2,574 |
| 24 | $2,636 | $2,417 |
Average car insurance cost in Arkansas for senior drivers
In Arkansas, senior female drivers pay an annual car insurance cost of $1,864, equating to $155 per month. Similarly, male senior drivers face an average yearly expense of $1,953, or $163 per month.
| Age of driver | Average annual cost for Male drivers | Average annual cost for Female drivers |
|---|---|---|
| 65 | $1,804 | $1,759 |
| 70 | $1,925 | $1,848 |
| 75 | $2,127 | $1,984 |
Read more about senior car insurance
Minimum car insurance requirements in Arkansas
Every state establishes laws regarding the minimum car insurance coverage drivers must possess to lawfully drive a vehicle. As outlined by the Arkansas Department of Insurance, the following are the mandatory coverages and minimum coverage limits mandated in Arkansas:
- Bodily injury per person: $25,000
- Bodily injury per accident: $50,000
- Personal property coverage per person: $25,000
Cheapest cars to insure in Arkansas
The Chevrolet TrailBlazer has the most affordable average annual insurance premium, standing at $1,739. The Honda HR-V is followed closely at $1,751 per year. The difference in the cost of insuring these two models is $12 annually.
| Make | Model | Average annual premium |
|---|---|---|
| Chevrolet | TrailBlazer | $1,739 |
| Honda | HR-V | $1,751 |
| Mazda | CX-30 | $1,752 |
| Toyota | Corolla Cross | $1,811 |
| Honda | CR-V | $1,822 |
| Kia | Seltos | $1,825 |
| Hyundai | Venue | $1,826 |
| Buick | Encore GX | $1,831 |
| Subaru | Forester | $1,838 |
| Subaru | Outback | $1,847 |
Most expensive cars to insure in Arkansas
The most expensive car to insure on the list is the Maserati Quattroporte Trofeo, which has an average annual premium of $7,602. However, the difference between the cheapest and most expensive cars to insure is $5,863 annually.
| Make | Model | Average annual premium |
|---|---|---|
| Maserati | Quattroporte Trofeo | $7,602 |
| Maserati | Quattroporte | $7,516 |
| Maserati | Ghibli Trofeo | $7,375 |
| Audi | R8 Performance | $6,927 |
| Porsche | Taycan Turbo | $6,407 |
| Maserati | Ghibli | $6,320 |
| BMW | M8 | $6,125 |
| Maserati | Levante Trofeo | $6,002 |
| Porsche | Panamera 4S E-Hybrid | $5,815 |
| Audi | E-Tron GT | $5,762 |
Methodology
The Insure.com team worked with Quadrant Information Service to get car insurance data. Our team of data analysts and expert editors have analyzed 56,838,240 insurance quotes from 136 insurance companies across 34,523 ZIP codes to determine the average premiums. The insurance rates are based on a sample profile of a 40-year-old male driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits of 100/300/100. The quoted insurance rates are for comparison purposes, and your rates may vary.
57M
Quotes reviewed
136
No. of carriers analyzed
34.5K
ZIP codes analyzed
How much is car insurance in other states
Explore other insurance options in Arkansas
- Average car insurance cost in Arkansas per month
- Cheapest car insurance companies in Arkansas
- Average cost of car insurance by coverage levels in Arkansas
- Average car insurance cost in Arkansas by city
- Average car insurance cost in Arkansas by age of the driver
- Minimum car insurance requirements in Arkansas
- Cheapest cars to insure in Arkansas
- Most expensive cars to insure in Arkansas
- Methodology