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Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.

According to Insure.com’s data analysis, the average cost of homeowners insurance in Arkansas is $3,948 a year.

Continue reading to learn more about homeowners insurance rates in Arkansas by ZIP code and insurer.

Key Takeaways

  • Homeowners insurance costs an average of $3,948 a year, based on Insure.com analysis.
  • Of all the ZIP codes in Arkansas, 72207 has the most affordable home insurance rates at around $3,800 annually.
  • In Arkansas, State Farm provides the most affordable home insurance at an average annual premium of $3,195.

Average home insurance cost in Arkansas by coverage level

Homeowners insurance costs $3,948 a year in Arkansas for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

If you raise the dwelling coverage limit from $300,000 to $400,000, the cost of homeowners insurance in Arkansas will increase to $3,367 per year for $100,000 in liability protection and a $1,000 deductible. Below, you’ll find the average cost of homeowners insurance in Arkansas for dwelling coverage limits of $300,000, $400,000, and $500,000.

Coverage Average annual rate Average monthly rate
200000 with 1000 Deductible and 100000 Liability and None Deductible$3,323$277
200000 with 1000 Deductible and 300000 Liability and None Deductible$3,328$277
300000 with 1000 Deductible and 100000 Liability and None Deductible$3,948$329
300000 with 1000 Deductible and 300000 Liability and None Deductible$3,958$330
400000 with 1000 Deductible and 100000 Liability and None Deductible$4,787$399
400000 with 1000 Deductible and 300000 Liability and None Deductible$4,795$400
600000 with 1000 Deductible and 100000 Liability and None Deductible$7,721$643
600000 with 1000 Deductible and 300000 Liability and None Deductible$7,736$645
1000000 with 1000 Deductible and 100000 Liability and None Deductible$12,424$1,035
1000000 with 1000 Deductible and 300000 Liability and None Deductible$12,444$1,037

Homeowners insurance companies in Arkansas determine rates based on risk factors. When calculating premiums, they consider your location, claims history and coverage limits.

If your neighborhood has experienced many claims in the last few years, you can expect to pay higher home insurance rates than areas with few to no claims.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Arkansas

Before purchasing homeowners insurance, it’s important to compare rates and explore your options. Several factors play a role in choosing the best homeowners insurance company for your specific needs.

We evaluated insurance companies in Arkansas based on their NAIC scores and AM Best ratings to create a list of the top homeowners insurance providers in the state. Our findings show that Farm Bureau Insurance of Arkansas received the lowest NAIC score and A rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company Average annual premiumAM Best Rating NAIC Complaint IndexOverall score
Farm Bureau Insurance of Arkansas$3,367A0.045
Shelter Insurance$4,075A0.424.32
Auto-Owners$5,525A++0.334.31
Farmers$4,548A0.544.06
State Farm$3,195A++0.953.92
Allstate$3,407A+0.93.87
Nationwide$3,737A+0.873.84
Travelers$9,591A++0.543.22

Average homeowners insurance cost by company in Arkansas

State Farm provides the most affordable homeowners insurance in Arkansas, with an average annual premium of $3,195. Farm Bureau Insurance of Arkansas and Allstate also offer cheap home insurance rates.

Shopping around for homeowners insurance can help you save hundreds of dollars annually.

Here are the average annual and monthly insurance rates for homeowners in Arkansas with a policy that provides $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company Average annual rate Average monthly rate
State Farm$3,195$266
Farm Bureau Insurance of Arkansas$3,367$281
Allstate$3,407$284
Nationwide$3,737$311
Shelter Insurance$4,075$340
Auto-Owners$5,525$460
Farmers$5,893$491
Travelers$12,444$1,037
USAA$3,634$303

Arkansas homeowners insurance rates by ZIP code

Insurance providers in Arkansas factor in the risk of a given location when determining rates. ZIP codes with higher crime rates or frequent natural disasters are typically classified as high-risk, leading to increased premiums. Additionally, the cost of rebuilding or repairing homes in that area can affect your homeowners insurance costs.

To get the best deal on homeowners insurance rates in Arkansas, take the time to shop around and compare quotes from multiple insurers. Additionally, don’t forget to ask about potential discounts, like bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Arkansas

Homeowners insurance costs in Arkansas can vary widely by location, with your ZIP code being a key factor in determining your rate. Based on our data, the the 72207 area has the most affordable insurance rates, at $3,800 annually or $317 monthly.

Below are the homeowners insurance rates for the most affordable ZIP codes in Arkansas.

ZIP codeAverage annual rateAverage monthly rate
72207$3,800$317
72205$3,829$319
72113$3,883$324
72116$3,911$326
72223$3,931$328
72227$3,943$329
72758$3,944$329
72212$3,954$330
72211$3,958$330
72118$3,977$331

Most expensive ZIP codes for home insurance rates in Arkansas

In Arkansas, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.

Homeowners in 72540 ZIP pay the highest insurance rates in Arkansas, with an average annual premium of $6,075.

Below is a list of some of the most expensive ZIP codes in Arkansas for homeowners insurance.

ZIP codeAverage annual rateAverage monthly rate
72540$6,075$506
72577$6,036$503
72573$6,030$502
72536$5,957$496
72517$5,857$488
72475$5,824$485
72322$5,801$483
72387$5,755$480
72075$5,713$476
72341$5,703$475

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Arkansas by city

Home insurance rate trend in Arkansas

We analyzed home insurance rate trends in Arkansas and found that homeowners insurance rates experienced an overall decrease of 3% or $114, from 2022 to 2023.

The below data shows how much homeowners insurance rates have changed since 2019.

2019 rates2022 rates2023 rates
$3,365$4,062$3,948

To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get the most affordable coverage in Arkansas.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

  • $300,000 dwelling coverage
  • $100,000 liability protection
  • $1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

How much is home insurance in other states

Alaska$1,695/Year
Alabama$3,131/Year
Arizona$2,468/Year
California$1,386/Year
Colorado$4,086/Year
Connecticut$2,205/Year
Washington, D.C.$1,327/Year
Delaware$1,366/Year
Florida$4,405/Year
Georgia$2,286/Year
Hawaii$593/Year
Iowa$2,642/Year
Idaho$1,950/Year
Illinois$3,044/Year
Indiana$2,969/Year
Kansas$4,826/Year
Kentucky$3,314/Year
Louisiana$3,576/Year
Massachusetts$1,622/Year
Maryland$1,707/Year
Maine$1,375/Year
Michigan$2,396/Year
Minnesota$2,399/Year
Missouri$3,528/Year
Mississippi$3,369/Year
Montana$3,265/Year
North Carolina$2,933/Year
North Dakota$3,134/Year
Nebraska$4,785/Year
New Hampshire$1,209/Year
New Jersey$1,506/Year
New Mexico$2,638/Year
Nevada$1,444/Year
New York$1,777/Year
Ohio$2,144/Year
Oklahoma$5,749/Year
Oregon$1,741/Year
Pennsylvania$1,886/Year
Rhode Island$1,932/Year
South Carolina$2,668/Year
South Dakota$3,374/Year
Tennessee$3,045/Year
Texas$3,844/Year
Utah$1,792/Year
Virginia$2,135/Year
Vermont$1,247/Year
Washington$1,596/Year
Wisconsin$1,648/Year
West Virginia$1,886/Year
Wyoming$1,885/Year
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Shivani Gite
Contributing Writer

 
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Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.

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