The Cheapest Car Insurance in Arkansas for May 2024

Geico offers the cheapest car insurance in Arkansas, with an average annual rate of $1,501 for full coverage
Ben Moore
By Ben Moore 
Updated

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Auto insurance is an important purchase, but finding cheap car insurance in Arkansas isn’t always easy. The best way to find cheap car insurance is to compare rates from multiple insurers.

The cheapest car insurance company in Arkansas is Geico at $1,435 per year on average, or $120 per month, according to the most recent NerdWallet analysis of full coverage car insurance rates in Arkansas. Meanwhile, the average cost of full coverage car insurance in Arkansas is $1,794 per year, or about $150 per month.

🤓Nerdy Tip

Did your rates go up? Auto insurance prices are on the rise in Arkansas. Be sure to get car insurance quotes from three or more companies to find the lowest rate possible.

Minimum coverage in Arkansas is $445 per year on average, but we found you can likely get a cheaper policy. For example, The Hanover offers the cheapest rates in Arkansas at $204 per year, on average, for minimum coverage car insurance for a 35-year-old driver with a clean driving record.

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How we chose the cheapest companies in Arkansas

NerdWallet’s editorial team analyzed car insurance rates from 18 auto insurers in Arkansas and listed the five cheapest options for drivers in several age brackets and with different histories, all driving a 2021 Toyota Camry LE. For minimum coverage, we looked at rates that reflect the minimum requirements in Arkansas. For full coverage, we used the below coverage limits:

  • $100,000 bodily injury liability per person.

  • $300,000 bodily injury liability per accident.

  • $50,000 property damage liability per accident.

  • $100,000 uninsured motorist coverage per person.

  • $300,000 uninsured motorist coverage per accident.

  • Collision coverage with a $1,000 deductible.

  • Comprehensive coverage with a $1,000 deductible.

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate outliers and inaccuracies in pricing data, which include rates from every locale in Arkansas where coverage is offered and data is available. When comparing rates for different coverage amounts, ages and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

Cheapest for 20-year-old drivers

Drivers in their 20s may have to get a lot of quotes to find the best cheap car insurance. Prices can be sky-high for younger 20-somethings, but tend to come down as drivers get more experience on the road. Still, some companies routinely have better insurance rates for young drivers, so it's best to shop around to find them.

Cheapest full coverage car insurance in Arkansas for 20-year-olds

Drivers in Arkansas with clean driving records may want to consider the following companies, which had the lowest average rates:

  1. The Hanover: $2,158 per year, or about $180 per month.
  2. Geico: $2,453 per year, or about $204 per month.
  3. Southern Farm Bureau: $2,506 per year, or about $209 per month.
  4. Cameron Mutual: $3,428 per year, or about $286 per month.
  5. Auto Club of SoCal: $3,606 per year, or about $301 per month.

Cheapest minimum coverage car insurance in Arkansas for 20-year-olds

Drivers in Arkansas who want just the state minimum coverage may want to check with these companies, which had the lowest average rates:

  1. The Hanover: $407 per year, or about $34 per month.
  2. Geico: $669 per year, or about $56 per month.
  3. Trexis: $810 per year, or about $67 per month.
  4. Southern Farm Bureau: $812 per year, or about $68 per month.
  5. Hallmark: $885 per year, or about $74 per month.

Cheapest auto insurance in Arkansas for 20-year-olds with poor credit

Drivers with poor credit in Arkansas should look at the following insurers with the lowest average rates for minimum coverage:

  1. Trexis: $810 per year, or about $67 per month.
  2. Hallmark: $983 per year, or about $82 per month.
  3. Geico: $1,004 per year, or about $84 per month.
  4. Allstate: $1,266 per year, or about $106 per month.
  5. Southern Farm Bureau: $1,348 per year, or about $112 per month.

Cheapest auto insurance in Arkansas for 20-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Arkansas, here are the companies with the lowest average rates for minimum coverage:

  1. The Hanover: $563 per year, or about $47 per month.
  2. Geico: $735 per year, or about $61 per month.
  3. Southern Farm Bureau: $902 per year, or about $75 per month.
  4. Hallmark: $906 per year, or about $76 per month.
  5. State Farm: $1,085 per year, or about $90 per month.

Cheapest auto insurance in Arkansas for 20-year-old drivers with one at-fault crash

For drivers with a recent accident in Arkansas, here are the companies with the lowest average rates for minimum coverage:

  1. The Hanover: $584 per year, or about $49 per month.
  2. Geico: $940 per year, or about $78 per month.
  3. Hallmark: $1,008 per year, or about $84 per month.
  4. Southern Farm Bureau: $1,094 per year, or about $91 per month.
  5. Progressive: $1,162 per year, or about $97 per month.

Cheapest auto insurance in Arkansas for 20-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI is shown here, alongside the insurers' average rates for minimum coverage.

  1. The Hanover: $699 per year, or about $58 per month.
  2. Hallmark: $906 per year, or about $76 per month.
  3. Southern Farm Bureau: $1,025 per year, or about $85 per month.
  4. Progressive: $1,045 per year, or about $87 per month.
  5. Geico: $1,080 per year, or about $90 per month.

Cheapest for 30-year-old drivers

By the time they reach their 30s, most drivers will enjoy cheaper car insurance rates than in their teens and 20s. Still, factors like a person’s driving record and car make and model can increase prices. Drivers in their 30s can get lower rates by shopping around and taking advantage of any car insurance discounts.

Cheapest full coverage car insurance in Arkansas for 30-year-olds

Drivers in Arkansas who want their state's minimum coverage can check with the following companies, which had the lowest average rates:

  1. Geico: $1,480 per year, or about $123 per month.
  2. Travelers: $1,518 per year, or about $126 per month.
  3. Southern Farm Bureau: $1,533 per year, or about $128 per month.
  4. The Hanover: $1,563 per year, or about $130 per month.
  5. Shelter: $1,604 per year, or about $134 per month.

Cheapest minimum coverage car insurance in Arkansas for 30-year-olds

Drivers in Arkansas who want their state's minimum coverage can check with the following companies, which had the lowest average rates:

  1. The Hanover: $214 per year, or about $18 per month.
  2. State Farm: $317 per year, or about $26 per month.
  3. Geico: $337 per year, or about $28 per month.
  4. Southern Farm Bureau: $388 per year, or about $32 per month.
  5. Travelers: $415 per year, or about $35 per month.

Cheapest auto insurance in Arkansas for 30-year-olds with poor credit

Drivers with poor credit in Arkansas should consider the following companies with the lowest average rates for full coverage:

  1. Geico: $2,164 per year, or about $180 per month.
  2. Shelter: $2,361 per year, or about $197 per month.
  3. Travelers: $2,552 per year, or about $213 per month.
  4. Cameron Mutual: $2,728 per year, or about $227 per month.
  5. Southern Farm Bureau: $2,774 per year, or about $231 per month.

Cheapest auto insurance in Arkansas for 30-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Arkansas, here are the companies with the lowest average rates for minimum coverage:

  1. The Hanover: $301 per year, or about $25 per month.
  2. State Farm: $362 per year, or about $30 per month.
  3. Geico: $401 per year, or about $33 per month.
  4. Southern Farm Bureau: $431 per year, or about $36 per month.
  5. Travelers: $465 per year, or about $39 per month.

Cheapest auto insurance in Arkansas for 30-year-old drivers with one at-fault crash

For drivers in Arkansas with a recent accident, here are the lowest average rate options for full coverage:

  1. Travelers: $1,734 per year, or about $144 per month.
  2. Shelter: $1,882 per year, or about $157 per month.
  3. Southern Farm Bureau: $1,976 per year, or about $165 per month.
  4. Cameron Mutual: $2,004 per year, or about $167 per month.
  5. The Hanover: $2,158 per year, or about $180 per month.

Cheapest auto insurance in Arkansas for 30-year-old drivers after a DUI

For the cheapest auto insurance after a DUI, we found the following options for full coverage.

  1. Southern Farm Bureau: $1,823 per year, or about $152 per month.
  2. Travelers: $2,040 per year, or about $170 per month.
  3. Cameron Mutual: $2,246 per year, or about $187 per month.
  4. Shelter: $2,390 per year, or about $199 per month.
  5. The Hanover: $2,456 per year, or about $205 per month.

Cheapest for 40-year-old drivers

Drivers in their 40s tend to have better insurance rates than their younger counterparts on average, but still pay more than older age groups. Shopping around for cheap car insurance quotes with multiple insurers is the best way to find lower rates. Good drivers who don’t get behind the wheel often might want to consider pay-per-mile insurance, which charges drivers by how many miles they drive.

Cheapest full coverage car insurance in Arkansas for 40-year-olds

Drivers in Arkansas with clean driving records may want to think about the following companies, which had the lowest average rates:

  1. Travelers: $1,376 per year, or about $115 per month.
  2. Geico: $1,400 per year, or about $117 per month.
  3. Shelter: $1,412 per year, or about $118 per month.
  4. Southern Farm Bureau: $1,471 per year, or about $123 per month.
  5. Cameron Mutual: $1,484 per year, or about $124 per month.

Cheapest minimum coverage car insurance in Arkansas for 40-year-olds

Drivers in Arkansas who want just the minimum coverage may want to check prices from these companies, which had the lowest average rates:

  1. The Hanover: $198 per year, or about $17 per month.
  2. State Farm: $322 per year, or about $27 per month.
  3. Geico: $327 per year, or about $27 per month.
  4. Shelter: $366 per year, or about $30 per month.
  5. Southern Farm Bureau: $378 per year, or about $32 per month.

Cheapest auto insurance in Arkansas for 40-year-olds with poor credit

Drivers with poor credit in Arkansas can check out the following insurers with the lowest average rates for full coverage:

  1. Shelter: $2,040 per year, or about $170 per month.
  2. Geico: $2,095 per year, or about $175 per month.
  3. Travelers: $2,316 per year, or about $193 per month.
  4. Cameron Mutual: $2,430 per year, or about $203 per month.
  5. Columbia: $2,644 per year, or about $220 per month.

Cheapest auto insurance in Arkansas for 40-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Arkansas, here are the companies with the lowest average rates for minimum coverage:

  1. The Hanover: $294 per year, or about $25 per month.
  2. State Farm: $369 per year, or about $31 per month.
  3. Geico: $393 per year, or about $33 per month.
  4. Southern Farm Bureau: $420 per year, or about $35 per month.
  5. Cameron Mutual: $432 per year, or about $36 per month.

Cheapest auto insurance in Arkansas for 40-year-old drivers with one at-fault crash

For drivers with a recent accident living in Arkansas, here are the companies with the lowest average rates for full coverage:

  1. Shelter: $1,619 per year, or about $135 per month.
  2. Travelers: $1,651 per year, or about $138 per month.
  3. Cameron Mutual: $1,784 per year, or about $149 per month.
  4. Southern Farm Bureau: $1,890 per year, or about $158 per month.
  5. State Farm: $2,180 per year, or about $182 per month.

Cheapest auto insurance in Arkansas for 40-year-old drivers after a DUI

The cheapest full coverage auto insurance we found for drivers with a DUI came from the following companies.

  1. Southern Farm Bureau: $1,745 per year, or about $145 per month.
  2. Travelers: $1,919 per year, or about $160 per month.
  3. Cameron Mutual: $1,996 per year, or about $166 per month.
  4. Shelter: $2,073 per year, or about $173 per month.
  5. The Hanover: $2,387 per year, or about $199 per month.

Cheapest for 50-year-old drivers

Drivers in their 50s have cheaper car insurance rates than most other age groups on average. Prices will continue to drop as they inch toward their 60s and gain more driving experience. Rates can still vary depending on other factors such as a driver’s gender and location, so it’s smart to shop around to find the best rate. Our list of cheap auto insurance companies is a good place to start.

Cheapest full coverage car insurance in Arkansas for 50-year-olds

Drivers in Arkansas with clean driving records may want to get quotes from these insurers, which had the lowest average rates:

  1. Shelter: $1,205 per year, or about $100 per month.
  2. Geico: $1,284 per year, or about $107 per month.
  3. Travelers: $1,284 per year, or about $107 per month.
  4. Cameron Mutual: $1,392 per year, or about $116 per month.
  5. Southern Farm Bureau: $1,417 per year, or about $118 per month.

Cheapest minimum coverage car insurance in Arkansas for 50-year-olds

Drivers in Arkansas who opt for the state minimum coverage may want to consider the following companies, with the lowest average rates:

  1. The Hanover: $184 per year, or about $15 per month.
  2. Shelter: $308 per year, or about $26 per month.
  3. Geico: $315 per year, or about $26 per month.
  4. State Farm: $321 per year, or about $27 per month.
  5. Southern Farm Bureau: $374 per year, or about $31 per month.

Cheapest auto insurance in Arkansas for 50-year-olds with poor credit

Drivers with poor credit in Arkansas can check with the following companies, which showed the lowest average rates for full coverage:

  1. Shelter: $1,762 per year, or about $147 per month.
  2. Geico: $1,949 per year, or about $162 per month.
  3. Travelers: $2,216 per year, or about $185 per month.
  4. Cameron Mutual: $2,280 per year, or about $190 per month.
  5. Trexis: $2,343 per year, or about $195 per month.

Cheapest auto insurance in Arkansas for 50-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Arkansas, here are the companies with the lowest average rates for minimum coverage:

  1. The Hanover: $290 per year, or about $24 per month.
  2. Geico: $350 per year, or about $29 per month.
  3. State Farm: $366 per year, or about $30 per month.
  4. Shelter: $393 per year, or about $33 per month.
  5. Cameron Mutual: $404 per year, or about $34 per month.

Cheapest auto insurance in Arkansas for 50-year-old drivers with one at-fault crash

For drivers living in Arkansas with a recent accident, here are the insurers with the lowest average full coverage rates:

  1. Shelter: $1,385 per year, or about $115 per month.
  2. Travelers: $1,548 per year, or about $129 per month.
  3. Cameron Mutual: $1,664 per year, or about $139 per month.
  4. Southern Farm Bureau: $1,815 per year, or about $151 per month.
  5. State Farm: $2,094 per year, or about $174 per month.

Cheapest auto insurance in Arkansas for 50-year-old drivers after a DUI

The cheapest auto insurance we found for drivers with a recent DUI comes from the following companies, listed with rates for full coverage.

  1. Southern Farm Bureau: $1,675 per year, or about $140 per month.
  2. Shelter: $1,763 per year, or about $147 per month.
  3. Cameron Mutual: $1,858 per year, or about $155 per month.
  4. Travelers: $1,862 per year, or about $155 per month.
  5. The Hanover: $2,202 per year, or about $183 per month.

Cheapest for 60-year-old drivers

Although 60-year-olds have cheaper car insurance rates than many other age groups on average, prices will start increasing as they get older. To find cheap car insurance for seniors, drivers in their 60s should make sure to shop around to find the best rate. Drivers in this age group should also take advantage of any available discounts for senior citizens.

Cheapest full coverage car insurance in Arkansas for 60-year-olds

Drivers in Arkansas with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:

  1. Shelter: $1,187 per year, or about $99 per month.
  2. Geico: $1,258 per year, or about $105 per month.
  3. Travelers: $1,270 per year, or about $106 per month.
  4. The Hanover: $1,282 per year, or about $107 per month.
  5. Cameron Mutual: $1,336 per year, or about $111 per month.

Cheapest minimum coverage car insurance in Arkansas for 60-year-olds

Drivers in Arkansas who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:

  1. The Hanover: $170 per year, or about $14 per month.
  2. State Farm: $299 per year, or about $25 per month.
  3. Shelter: $301 per year, or about $25 per month.
  4. Geico: $320 per year, or about $27 per month.
  5. Southern Farm Bureau: $339 per year, or about $28 per month.

Cheapest auto insurance in Arkansas for 60-year-olds with poor credit

Drivers with poor credit in Arkansas can look at the following companies with the lowest average rates for full coverage:

  1. Shelter: $1,728 per year, or about $144 per month.
  2. Geico: $1,936 per year, or about $161 per month.
  3. Cameron Mutual: $2,186 per year, or about $182 per month.
  4. Travelers: $2,189 per year, or about $182 per month.
  5. Nationwide: $2,284 per year, or about $190 per month.

Cheapest auto insurance in Arkansas for 60-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Arkansas, here are the companies with the lowest average rates for minimum coverage:

  1. The Hanover: $283 per year, or about $24 per month.
  2. State Farm: $340 per year, or about $28 per month.
  3. Geico: $356 per year, or about $30 per month.
  4. Southern Farm Bureau: $377 per year, or about $31 per month.
  5. Shelter: $384 per year, or about $32 per month.

Cheapest auto insurance in Arkansas for 60-year-old drivers with one at-fault crash

For drivers with a recent accident living in Arkansas, here are the companies with the lowest average rates for full coverage:

  1. Shelter: $1,361 per year, or about $113 per month.
  2. Travelers: $1,537 per year, or about $128 per month.
  3. Cameron Mutual: $1,596 per year, or about $133 per month.
  4. Southern Farm Bureau: $1,705 per year, or about $142 per month.
  5. State Farm: $1,945 per year, or about $162 per month.

Cheapest auto insurance in Arkansas for 60-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI came from the following companies, shown with their average rates for full coverage.

  1. Southern Farm Bureau: $1,575 per year, or about $131 per month.
  2. Shelter: $1,733 per year, or about $144 per month.
  3. Cameron Mutual: $1,786 per year, or about $149 per month.
  4. Travelers: $1,854 per year, or about $154 per month.
  5. The Hanover: $1,939 per year, or about $162 per month.

Cheapest for 70-year-old drivers

Car insurance costs may start to rise for 70-year-old drivers. To find the cheapest possible coverage, shop around and compare quotes from multiple companies. Also, look for insurers that offer discounts for seniors. For example, some insurers offer discounts to senior drivers who take a defensive driving course.

Cheapest full coverage car insurance in Arkansas for 70-year-olds

Drivers in Arkansas with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:

  1. Geico: $1,303 per year, or about $109 per month.
  2. Southern Farm Bureau: $1,329 per year, or about $111 per month.
  3. Shelter: $1,332 per year, or about $111 per month.
  4. Cameron Mutual: $1,390 per year, or about $116 per month.
  5. Travelers: $1,396 per year, or about $116 per month.

Cheapest minimum coverage car insurance in Arkansas for 70-year-olds

Drivers in Arkansas who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:

  1. The Hanover: $216 per year, or about $18 per month.
  2. State Farm: $322 per year, or about $27 per month.
  3. Southern Farm Bureau: $330 per year, or about $28 per month.
  4. Shelter: $343 per year, or about $29 per month.
  5. Geico: $355 per year, or about $30 per month.

Cheapest auto insurance in Arkansas for 70-year-olds with poor credit

Drivers with poor credit in Arkansas can look at the following companies with the lowest average rates for full coverage:

  1. Shelter: $1,924 per year, or about $160 per month.
  2. Geico: $2,210 per year, or about $184 per month.
  3. Cameron Mutual: $2,294 per year, or about $191 per month.
  4. Nationwide: $2,370 per year, or about $198 per month.
  5. Columbia: $2,404 per year, or about $200 per month.

Cheapest auto insurance in Arkansas for 70-year-old drivers with one speeding ticket

For drivers with a recent speeding ticket in Arkansas, here are the companies with the lowest average rates for minimum coverage:

  1. Southern Farm Bureau: $366 per year, or about $31 per month.
  2. State Farm: $368 per year, or about $31 per month.
  3. The Hanover: $381 per year, or about $32 per month.
  4. Geico: $418 per year, or about $35 per month.
  5. Cameron Mutual: $418 per year, or about $35 per month.

Cheapest auto insurance in Arkansas for 70-year-old drivers with one at-fault crash

For drivers with a recent accident living in Arkansas, here are the companies with the lowest average rates for full coverage:

  1. Shelter: $1,525 per year, or about $127 per month.
  2. Cameron Mutual: $1,686 per year, or about $141 per month.
  3. Southern Farm Bureau: $1,697 per year, or about $141 per month.
  4. Travelers: $1,712 per year, or about $143 per month.
  5. State Farm: $2,019 per year, or about $168 per month.

Cheapest auto insurance in Arkansas for 70-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI came from the following companies, shown with their average rates for full coverage.

  1. Southern Farm Bureau: $1,567 per year, or about $131 per month.
  2. Cameron Mutual: $1,892 per year, or about $158 per month.
  3. Shelter: $1,952 per year, or about $163 per month.
  4. Travelers: $2,094 per year, or about $175 per month.
  5. Hallmark: $2,133 per year, or about $178 per month.

Cheapest car insurance for military families

If you're an active member of the military or a veteran — or have an immediate family member who is — chances are you'll get a relatively cheap rate with USAA, a company that isn't available to the general public.

Because of that restriction, USAA isn't ranked with the others, but it was among the cheapest three auto insurance options for 70 of the 70 driver profiles we examined.

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See what you could save on car insurance

Easily compare personalized rates to see how much switching car insurance could save you.

Minimum required auto insurance in Arkansas

Arkansas car insurance policies must include:

  • $25,000 bodily injury liability per person.

  • $50,000 bodily injury liability per incident.

  • $25,000 property damage liability per incident.

If you ever cause a crash, liability insurance pays for other people’s injuries and property damage, up to your limit. The minimum limits in Arkansas might not cover costs after an expensive car accident, so consider buying more coverage.

See NerdWallet’s guide to minimum car insurance requirements by state.

Alternative car insurance in Arkansas

If you’re labeled a high-risk driver because of past crashes, DUIs or other factors, you may have trouble getting auto insurance on the traditional market. As an alternative, you can apply for a policy through the Arkansas Automobile Insurance Plan.

NerdWallet can make it easy to find coverage at a competitive price. Use our car insurance comparison tool to view rates from top insurers in Arkansas.

Methodology

For our “good driver” profile, NerdWallet averaged insurance estimates for single male and female drivers with good credit and no tickets or violations. The analysis included 5-10 of the largest insurance companies in each state; smaller insurers were also included when rates were available. Liberty Mutual and its subsidiaries were excluded from our analysis as rates were not available.

For full coverage policies, we used the following coverage limits:

  • $100,000 bodily injury liability per person.

  • $300,000 bodily injury liability per accident.

  • $50,000 property damage liability per accident.

  • $100,000 uninsured motorist coverage per person.

  • $300,000 uninsured motorist coverage per accident.

  • Collision coverage with a $1,000 deductible.

  • Comprehensive coverage with a $1,000 deductible.

In states where required, minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion.

We used a 2021 Toyota Camry LE for all drivers and assumed 12,000 annual miles driven.

We analyzed rates for drivers 20 to 70 years old in ten-year increments. For the average cost of full and minimum coverage in each state, we looked at 35-year-old drivers.

We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with minimum coverage, we adjusted the numbers above to reflect the minimum required coverage by law in the state.

  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for drivers with poor credit.

  • For drivers with one at-fault crash, we added a single at-fault crash that happened six months ago, resulting in $10,000 in property damage and no bodily injury claim.

  • For drivers with a DUI, we added a single drunken driving violation that happened six months ago.

We looked at 35-year-old drivers to find the cheapest company overall, the cheapest company for minimum coverage and the cheapest company for drivers with poor credit in states where credit history is used to price rates. We looked at 20-year-old drivers to find the cheapest company for young drivers.

These are rates generated through Quadrant Information Services. Your own rates will be different. Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.

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