Average homeowners insurance cost in Fort Smith, AR

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As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Fort Smith is $3,877 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $1,295 more than the national average of $2,582.

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Fort Smith depend on several factors, including:

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

State Farm is the cheapest homeowners insurance company in Fort Smith with an average annual premium of $3,877 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Fort Smith. Keep reading to learn about the monthly cost of homeowners insurance in Fort Smith, the cost for different dwelling coverage levels, and discover which companies provide the most affordable home insurance in Fort Smith.

Key takeaways

In Fort Smith, homeowners insurance costs $3,877 annually.
State Farm offers the most affordable homeowners insurance in Fort Smith with an average annual premium of $2,997.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $506 higher.

Average homeowners insurance cost in Fort Smith per month

Residents of Fort Smith pay an average of $323 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $6 less than the state average of $329 and $108 more than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Fort Smith may change based on location, property value, and selected coverage options.

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

In Fort Smith, AR, homeowners pay an average of $3,371 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

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

According to Insure.com’s rate analysis, homeowners in Fort Smith typically pay an average of $3,877 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $506. It is advisable to purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Fort Smith by company

Among the carriers analyzed, State Farm is the most affordable homeowners insurance company in Fort Smith, offering an average annual rate of $2,997.

Farm Bureau Mutual Ins Co of AR ranks second, while Farmers holds the third spot with an average annual rate of $3,888.

Researching a company thoroughly before selecting a homeowners insurance policy is essential. Insure.com has meticulously reviewed all insurance companies operating in Fort Smith and compiled a list of the most affordable options.

Below are the details of home insurance companies in Fort Smith and their average annual premiums.

Home Insurance Company	Annual rate
State Farm	$2,997
Farm Bureau Mutual Ins Co of AR	$3,589
Farmers	$3,888
Shelter Insurance	$4,074
Allstate	$4,766
Auto-Owners	$5,581
Nationwide	$4,305
USAA*	$3,356

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Fort Smith 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.