Average homeowners insurance cost in Fayetteville, AR

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In Fayetteville, homeowners pay an average annual rate of $3,531 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $949 more than the national average of $2,582.

Homeowners insurance rates change from one home to another. The home insurance premium in Fayetteville depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Fayetteville, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Fayetteville.

Key takeaways

In Fayetteville, homeowners insurance costs $3,531 annually.
Farm Bureau Mutual Ins Co of AR offers the most affordable homeowners insurance in Fayetteville with an average annual premium of $3,092.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $358 higher.

Average homeowners insurance cost in Fayetteville per month

According to Insure.com’s rate analysis, residents of Fayetteville pay an average of $294 per month for homeowners insurance. This is $35 less than the state average of $329 and $79 more than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Fayetteville can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Fayetteville

Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $3,173 per year in Fayetteville, AR. Numerous factors influence your annual home insurance rates, including any natural disaster or event in your locality. For instance, certain regions have a higher risk of natural calamities such as floods, hurricanes, or tornadoes, implying higher expenses for rebuilding in these areas. These increased rebuilding expenses result in increased insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damages. So, if you reside in an area prone to flooding, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Fayetteville

According to a rate analysis by Insure.com, homeowners in Fayetteville pay an average of $3,531 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $358 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Fayetteville by company

Among the carriers analyzed, Farm Bureau Mutual Ins Co of AR is the most affordable homeowners insurance company in Fayetteville. It’s average annual rate for homeowners in Fayetteville is $3,092.

Farmers, ranks second and State Farm makes it to the third spot with an average annual home insurance rate of $3,263.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Fayetteville and compiled a list of the most affordable home insurance companies.

Below are details of Fayetteville home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
Farm Bureau Mutual Ins Co of AR	$3,092
Farmers	$3,138
State Farm	$3,263
Allstate	$3,523
Shelter Insurance	$3,813
Auto-Owners	$5,270
Nationwide	$3,763
USAA*	$3,441

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Fayetteville for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.