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Cheapest Car Insurance Arkansas

The Cheapest Car Insurance in Arkansas Comes From USAA at $78 Per Month on Average. State Farm and Southern Farm Bureau Also Tend To Have Affordable Rates.

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Updated: Jun 28, 2024

Written by: Daniel Robinson

Written by: Daniel Robinson Writer

Daniel Robinson is a writer based in Greenville, N.C. with expertise in auto insurance, loans, warranty options and more. Away from the keyboard, Daniel spends time with his wife and son, plays guitar and obsesses over the Beatles and Baltimore Orioles.

Edited by: Rashawn Mitchner

Edited by: Rashawn Mitchner Managing Editor

RaShawn Mitchner is a MarketWatch Guides team senior editor covering personal finance topics and insurance. She’s spent over a decade writing and editing articles about how to save money on things including travel, entertainment and household services.

We at the MarketWatch Guides Auto Team have researched the cheapest car insurance options in Arkansas, comparing rates, coverage, ratings and reviews. In the following article, you’ll find estimates for drivers from different profiles and a list of recommended providers. We have also provided key information about Arkansas insurance laws and regulations.

Cheapest Auto Insurance in Arkansas

Arkansas has slightly lower car insurance rates than the national average. With that being the case, you have a great chance of finding affordable car insurance in Arkansas.

Cheapest Car Insurance Companies in Arkansas

We recommend getting car insurance quotes from USAA, State Farm, Geico, Arkansas Farm Bureau Insurance and Nationwide. Comparing auto insurance quotes will allow you to find the best coverage for your budget.

Top Arkansas Car Insurance Companies	Overall Rating	Coverage Rating	Cost Rating	Learn More
USAA Learn More	9.5	9.5	10	Learn More
State Farm Learn More	9.2	9.2	9.0	Learn More
Geico Learn More	9.2	8.5	9.4	Learn More
Farm Bureau Insurance	7.5	8.5	8.0
Nationwide Learn More	8.6	8.5	8.6	Learn More

Top Arkansas Car Insurance Companies	Overall Rating	Coverage Rating	Cost Rating	Learn More
USAA Learn More	9.5	9.5	10	Learn More
State Farm Learn More	9.2	9.2	9.0	Learn More
Geico Learn More	9.2	8.5	9.4	Learn More
Farm Bureau Insurance	7.5	8.5	8.0
Nationwide Learn More	8.6	8.5	8.6	Learn More

*Our research team considers nationwide factors when scoring providers. The ranking of providers in this table is specific to car insurance in Arkansas.

Cheapest Car Insurance Coverage in Arkansas

The coverage you choose will have a big factor on how much you’ll pay for car insurance. The two plans, liability and full coverage, offer different amounts of coverage and will cost differently. Below are the cheapest auto insurance options in Arkansas for both coverage types.

Cheapest Liability Car Insurance in Arkansas

The cheapest type of insurance in Arkansas is minimum liability coverage. Our estimates show drivers pay about $428 per year or $36 per month for minimum coverage insurance on average. Below you can see 10 popular Arkansas car insurance companies ranked by minimum coverage cost.

Cheapest Liability Insurance in Arkansas	Estimated Monthly Cost	Estimated Annual Cost
USAA	$19	$228
Southern Farm Bureau Casualty Insurance Company	$26	$307
State Farm	$29	$347
Alfa Insurance	$29	$352
Auto-Owners Insurance	$33	$395
Progressive	$36	$432
Geico	$37	$448
Shelter Insurance	$46	$550
Farmers	$48	$570
Allstate	$54	$651

Cheapest Full Coverage Car Insurance in Arkansas

Drivers can find affordable auto insurance rates in the Natural State. According to our rate estimates, the best car insurance in Arkansas can be purchased for as little as $78 per month. The table below shows which providers offer the cheapest car insurance for full-coverage policies in Arkansas.

Cheapest Full Coverage Insurance in Arkansas	Estimated Monthly Cost	Estimated Annual Cost
USAA	$78	$933
State Farm	$102	$1,223
Southern Farm Bureau	$109	$1,313
Progressive	$117	$1,401
Geico	$121	$1,446
Auto-Owners Insurance	$125	$1,499
Farmers	$128	$1,536
Shelter Insurance	$132	$1,589

Cheap Car Insurance Arkansas

A person’s age, driving history and credit score can have a huge impact on their cost of car insurance in Arkansas. Below we compare cheap car insurance estimates for Arkansas drivers in these categories.

Cheapest Car Insurance for Young Drivers in Arkansas

Young drivers will pay more for car insurance than older adults, because they’re seen as riskier drivers by insurance companies. Below we go over how much young drivers will pay at different ages.

Cheapest Arkansas Car Insurance for 16-Year-Olds

While full coverage may cost an average of $5,633 for 16-year-olds, companies like Southern Farm Bureau, State Farm and Shelter Insurance offer quotes far below that on average.

Cheapest Car Insurance in Arkansas	Estimated Monthly Cost	Estimated Annual Cost
Southern Farm Bureau	$269	$3,223
State Farm	$306	$3,667
Shelter Insurance	$338	$4,051
Auto-Owners Insurance	$360	$4,314
USAA	$374	$4,483

Cheapest Arkansas Car Insurance for 17-Year-Olds

Seventeen-year-olds in Arkansas can typically find affordable car insurance rates from Southern Farm Bureau, USAA and State Farm.

Cheapest Car Insurance in Arkansas	Estimated Monthly Cost	Estimated Annual Cost
Southern Farm Bureau	$242	$2,905
USAA	$255	$3,062
State Farm	$270	$3,241
Shelter Insurance	$315	$3,781
Auto-Owners Insurance	$330	$3,958

Cheapest Arkansas Car Insurance for 18-Year-Olds

Eighteen-year-olds save over one thousand dollars per year compared to sixteen-year-olds in Arkansas. On average, an 18-year-old pays $3,963 per year for full coverage car insurance.

Cheapest Car Insurance in Arkansas	Estimated Monthly Cost	Estimated Annual Cost
USAA	$220	$2,635
Southern Farm Bureau	$222	$2,663
State Farm	$238	$2,860
Geico	$278	$3,330
Shelter Insurance	$292	$3,498

Cheapest Arkansas Car Insurance for 21-Year-Olds

Turning 21 has its perks, including cheaper car insurance. Our rate estimates show 21-year-olds in Arkansas pay about $2,217 for full coverage insurance on average. USAA, State Farm and Geico are among the cheapest options for 21-year-olds.

Cheapest Car Insurance in Arkansas	Estimated Monthly Cost	Estimated Annual Cost
USAA	$107	$1,284
State Farm	$164	$1,969
Geico	$173	$2,074
Farmers	$178	$2,130
Southern Farm Bureau	$179	$2,145

Cheapest Arkansas Car Insurance for 25-Year-Olds

Twenty-five-year-olds can find cheap car insurance rates from USAA, State Farm and Southern Farm Bureau in Arkansas.

Cheapest Car Insurance in Arkansas	Estimated Monthly Cost	Estimated Annual Cost
USAA	$93	$1,117
State Farm	$117	$1,403
Southern Farm Bureau	$135	$1,620
Geico	$136	$1,630
Progressive	$137	$1,646

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Cheapest Car Insurance for High-risk Drivers in Arkansas

Let’s see how speeding tickets, accidents, DUIs and poor credit affect car insurance rates in Arkansas.

Cheapest Arkansas Car Insurance for Drivers With a Speeding Ticket

Having a recent speeding ticket can raise your auto insurance rate in Arkansas. Motorists in the Natural State pay annual premiums around $2,231 on average after a speeding violation.

Cheapest Car Insurance in Arkansas	Estimated Monthly Cost	Estimated Annual Cost
USAA	$103	$1,231
State Farm	$109	$1,309
Southern Farm Bureau	$131	$1,566
Geico	$153	$1,837
Progressive	$189	$2,273

Cheapest Arkansas Car Insurance for Drivers With a Recent Accident

Drivers with a recent accident on their record tend to pay more for their car insurance policies. Across the state, drivers pay an average of $3,189 per year for full coverage after experiencing an at-fault accident.

Cheapest Car Insurance in Arkansas	Estimated Monthly Cost	Estimated Annual Cost
State Farm	$117	$1,406
USAA	$149	$1,790
Southern Farm Bureau	$168	$2,012
Geico	$247	$2,966
Farmers Insurance Group	$257	$3,085

Cheapest Arkansas Car Insurance for Drivers With a DUI

Arkansas drivers with a recent DUI on their record are likely to be flagged as high-risk drivers. Car insurance premiums in Arkansas reach an average of $2,620 per year for drivers with a DUI conviction.

Cheapest Car Insurance in Arkansas	Estimated Monthly Cost	Estimated Yearly Cost
State Farm	$109	$1,309
Southern Farm Bureau	$143	$1,717
Geico	$147	$1,769
Progressive	$166	$1,986
USAA	$166	$1,993

Cheapest Arkansas Car Insurance for Drivers With Poor Credit

If you have a poor credit score, you can expect to pay a significant amount of money for car insurance coverage in the Natural State. The average insurance premium is $2,694 per year for Arkansas drivers with bad credit.

Cheapest Car Insurance in Arkansas	Estimated Monthly Cost	Estimated Annual Cost
USAA	$125	$1,503
Nationwide	$147	$1,762
Alfa Insurance	$169	$2,027
Farmers Insurance Group	$186	$2,229
Arkansas Farm Bureau Insurance	$191	$2,296

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Best Cheap Car Insurance in Arkansas

For those who would like to know about the cheapest auto insurance in the Natural State, the sections below contain more detailed information:

#1 USAA: Best for Military Members

9.2/10

Overview

With the cheapest auto insurance rates on average and the highest regional rating in the J.D. Power 2022 U.S. Auto Insurance Study℠, USAA is an excellent choice for Arkansas drivers. Only military members, veterans and close family members qualify for the company’s auto insurance coverage.

Keep reading: USAA insurance review
Compare: USAA vs. Geico

Industry Standing

J.D. Power regional rating: 879/1,000
AM Best financial strength rating: A++
Better Business Bureau (BBB) rating: A-

#2 State Farm: Editor’s Choice

9.4/10

Overview

Arkansas drivers purchase State Farm insurance for its coverage options, affordable rates and strong customer service reputation. The company has two usage-based programs to help teen drivers and safe drivers save money on their auto insurance premiums. Plus, it offers a wide range of car insurance discounts to help drivers save money.

Keep reading: State Farm insurance review

Industry Standing

J.D. Power regional rating: 843/1,000
AM Best financial strength rating: A++
BBB rating: A+

#3 Geico: Affordable for Most Drivers

9.1/10

Overview

Geico is known nationwide for its low rates and great coverage, and it can be a good choice for most Arkansas drivers. The company has high industry ratings from AM Best and the BBB, and many positive Geico reviews praise the insurer’s auto coverage and discounts.

Keep reading: Geico insurance review
Compare: State Farm vs. Geico

Industry Standing

J.D. Power regional rating: 847/1,000
AM Best financial strength rating: A++
BBB rating: A+

#4 Arkansas Farm Bureau: Best Local Coverage

9/10

Overview

Arkansas Farm Bureau, headquartered in Little Rock, is the state’s top local insurer. With over 70 years serving Arkansas drivers, the company provides solid options for those looking for local insurance coverage.

Industry Standing

J.D. Power regional rating: Not rated
AM Best financial strength rating: A-
BBB rating: A+

#5 Nationwide: Good for Seniors

8.7/10

Overview

There’s a lot to like from Nationwide, including its affordable auto insurance rates and range of coverage options. Arkansas drivers can purchase add-ons such as gap insurance, vanishing deductibles and accident forgiveness. The company has a solid customer service reputation, with an A+ rating from the BBB.

Keep reading: Nationwide insurance review

Industry Standing

J.D. Power regional rating: 800/1,000
AM Best financial strength rating: A+
BBB rating: A+

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Average Car Insurance Cost: Arkansas

Our rate estimates show Arkansas drivers pay an average of $1,525 per year or $127 per month for full coverage car insurance, which is about 12% below the national average of $1,730. These car insurance estimates are based on a 35-year-old married driver with good credit history and a clean driving record.

Arkansas Car Insurance Cost by City

Car insurance costs vary not only by state but also by city. Where you live within Arkansas influences how much you pay for coverage because there are different car risk factors associated with larger populations. See the table below for the average cost of Arkansas car insurance by city.

City in Arkansas	Estimated Monthly Cost	Estimated Annual Cost
Bella Vista	$112	$1,346
Bentonville	$112	$1,347
Rogers	$114	$1,363
Springdale	$115	$1,383
Fayetteville	$116	$1,394
Fort Smith	$118	$1,416
Russellville	$119	$1,425
Van Buren	$119	$1,427
Conway	$121	$1,448
Paragould	$122	$1,467
Jonesboro	$124	$1,493
Searcy	$125	$1,498
Jacksonville	$128	$1,538
Sherwood	$129	$1,551
Maumelle	$130	$1,559
Cabot	$131	$1,569
Hot Springs	$133	$1,590
Benton	$133	$1,593
Bryant	$134	$1,605
North Little Rock	$135	$1,618
El Dorado	$138	$1,655
West Memphis	$139	$1,665
Little Rock	$141	$1,691
Texarkana	$142	$1,698
Pine Bluff	$143	$1,718

Arkansas Car Insurance Cost by Age

What you pay for car insurance in Arkansas is dictated to a large degree by your age. Young drivers are statistically more likely to get into accidents, so they pay more on average. In fact, a 16-year-old on their own insurance policy may pay more than triple what a 35-year-old would pay.

Age	Estimated Monthly Cost	Estimated Annual Cost
16	$529	$6,347
17	$423	$5,079
18	$371	$4,456
19	$261	$3,136
21	$199	$2,391
25	$154	$1,846
30	$138	$1,658
40	$132	$1,579
50	$122	$1,469
55	$119	$1,432
65	$121	$1,453
75	$140	$1,685

Factors That Affect Arkansas Car Insurance Costs

In addition to ages, locations, credit scores and driving histories, here are some other important factors that insurance companies use to determine the cost of car insurance in Arkansas.

Here are some other things that factor into car insurance rates greatly:

Marital status: Insurers give single drivers higher rates than married ones often because married drivers are typically seen as more financially stable.
Gender listed on driver’s license: Female drivers pay lower rates at younger ages than male drivers the same ages.
Vehicle details: Providers look at a vehicle’s make, model, mileage and year to see how much the vehicle would cost to repair, and how likely it is to be stolen. That’s why sports cars and higher-luxury vehicles are more expensive to insure.
Deductible amount: Car owners can lower premiums by choosing higher deductibles.
Discounts: Military discounts, good student discounts, usage-based insurance programs and more help lower the costs of premiums for many policyholders.

Arkansas Car Insurance Requirements

According to state minimum coverage requirements, Arkansas drivers must maintain liability car insurance in the amounts of 25/50/25. This means your policy must have:

Bodily injury liability: $25,000 per person and $50,000 per accident
Property damage liability: $25,000 per accident

Liability insurance only covers other drivers and their passengers in accidents you cause. If you want extra insurance protection, you should consider purchasing full coverage car insurance, including comprehensive and collision coverage. Full-coverage policies also tend to include either personal injury protection (PIP) or medical payments coverage (MedPay).

Is It Illegal Not To Have Car Insurance in Arkansas?

If you fail to maintain the minimum coverage limits required by Arkansas law, your registration may be suspended until you have proof of insurance coverage and a $20 fee is paid. Arkansas drivers who are caught driving without insurance face penalties, including:

First offense: A fine between $50 and $250
Second offense: A fine between $250 and $500
Third offense: A fine between $500 and $1,000 or a jail sentence up to one year

How To Get Car Insurance in Arkansas

We recommend that Arkansas drivers reach out to USAA, State Farm and Geico when shopping for car insurance quotes. These three providers ranked highly in our review of the best car insurance companies of 2022 and have strong industry standings.

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Arkansas Car Insurance: The Bottom Line

In this article, we reviewed the cheapest auto insurance companies, coverage and rates in the state of Arkansas. We also looked at the Natural State’s average car insurance costs and coverage requirements.

Car Insurance Arkansas: FAQ

Below are some frequently asked questions about cheap car insurance in Arkansas:

Car Insurance Arkansas: FAQ

The state minimum for car insurance in Arkansas is liability coverage with limits of 25/50/25. This means you must have $25,000 per person and $50,000 per accident bodily injury liability coverage and $25,000 per accident property damage liability coverage.

Compared with other states, Arkansas has average costs for car insurance. Arkansas drivers pay an average of $1,525 for full coverage car insurance, which is about 12% below the national average of $1,730.

According to our rate estimates, full coverage car insurance costs $1,525 per year in Arkansas. Full coverage insurance includes liability coverage, collision coverage, comprehensive coverage and underinsured/uninsured motorist coverage. Medical payments and personal injury protection are optional.

According to our rate estimates, good drivers in Arkansas pay about $78 per month for full coverage or $36 per month for minimum coverage insurance. Car insurance in Arkansas is about 12% cheaper than the national average.

Our Methodology

Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.

Here are the factors our ratings take into account:

Cost: Auto insurance rate estimates generated by Quadrant Information Services and discount opportunities were both taken into consideration.
Coverage: Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs.
Reputation and experience: Our research team considered market share, ratings from industry experts and years in business when giving this score.
Availability: Auto insurance companies with greater state availability and few eligibility requirements scored highest in this category.
Customer experience: This score is based on volume of complaints reported by the NAIC and customer satisfaction ratings reported by J.D. Power. We also considered the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own shopper analysis.

Our credentials: