Best Cheap Car Insurance in Arkansas for 2017

Auto Insurance, Insurance

Comparison shopping is key to getting cheap car insurance in Arkansas. Policies with the same coverage options can have very different prices depending on the insurer, so settling for the first estimate you get might mean losing out on a better deal elsewhere.

To help you get a better picture of Arkansas car insurance, NerdWallet looked at rates from the nine largest companies in the state. Below you’ll find the three most affordable options for common driver profiles:

Good drivers

Young drivers

Drivers with one at-fault crash

Drivers with poor credit

Retired drivers

Drivers with a military connection

Also in this article

Minimum Arkansas car insurance requirements

Alternative car insurance for high-risk drivers

» FIND YOUR MATCH: Who’s the cheapest carrier for you?

Cheapest for good drivers

For drivers with no DUIs, at-fault crashes or moving violations.


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Price

  • $936/year

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Price

  • $1,020/year

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Price

  • $1,118/year

For good drivers in Arkansas, the average rate among the three cheapest insurers was $1,025, or about $85 per month. Geico offered the best deal among insurers we looked at, with State Farm and Shelter Insurance rounding out the list of cheapest insurers for drivers with clean records.

To keep costs down, good drivers should look for discounts for being accident-free, which are available from all three companies above.

Cheapest for young drivers

For drivers in their early 20s.


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Price

  • $506/year

 


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Price

  • $604/year

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Price

  • $624/year

Shoppers in their early 20s typically tend to buy policies with less coverage, which means lower rates.

Geico notched the lowest average price at $506 per year, which comes to about $42 a month. That’s $430 less than the best rate for 30-year-old good drivers with fuller policies.

Cheapest for drivers with one at-fault crash


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Price

  • $1,207/year

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Price

  • $1,387/year

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Price

  • $2,009/year

Causing a car accident typically leads to higher car insurance rates, either when you renew with your current company or when you shop around for a new policy. The cheapest average price we found for this group of drivers was $271 more per year than the lowest estimate for drivers of the same age with no crashes.

Even if you have a blemish on your record, it’s important to check out prices from a few companies. There was a nearly $2,400 difference between the lowest and highest rates in our analysis; comparing several quotes will help you avoid the highest prices and find competitive deals.

Cheapest for drivers with poor credit

For drivers placed in the “poor credit” tier.


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Price

  • $1,525/year

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Price

  • $1,637/year

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Price

  • $1,891/year

You might wonder what your credit has to do with your car insurance. In most states, including Arkansas, companies can use a credit-based insurance score to help predict how likely applicants are to file claims. If you have less than ideal credit, you could face steeper costs.

Geico had the best deal for this group with an average rate of $1,525 per year. That’s $78 a month more than for drivers of the same age with no credit problems, according to our analysis.

Cheapest for retired drivers

For drivers in their mid- to late-60s.


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Price

  • $797/year

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Price

  • $807/year

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Price

  • $851/year

Retirees significantly cut down on their annual mileage when they ditch the daily commute, so we took that into account in our analysis.

The three best rates we found were similar, but State Farm was the lowest at $797. That’s about $12 per month lower than the cheapest rate we found for a 30-year-old driver with a clean record in Arkansas.

Cheapest for drivers with a military connection


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Get a quote USAA is open only to active military members, veterans and their families.

If you’re an active military member or veteran — or are an immediate family member of someone who is — chances are you’ll get a good rate with USAA, an option that isn’t available to the general public. The company offers the cheapest auto insurance rates for every driver type above, and USAA has top-rated customer service.

Minimum Arkansas car insurance requirements

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 for high-risk drivers

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.

Here’s a summary of where you’ll find the cheapest insurance in Arkansas, by category:

Cheapest car insurance in Arkansas

CategoryCheapest option
Good driversGeico
Young drivers
Geico
Drivers with one at-fault crash
State Farm
Drivers with poor credit Geico
Retired drivers State Farm
Drivers with a military connectionUSAA
For most categories, NerdWallet averaged rates for 30-year-old men and women in 10 ZIP codes and with the following coverage limits:

  • $100,000 bodily injury liability coverage per person
  • $300,000 bodily injury liability coverage per crash
  • $50,000 property damage liability coverage per crash
  • $100,000 uninsured motorist bodily injury coverage per person
  • $300,000 uninsured motorist bodily injury coverage per crash
  • Collision coverage with $1,000 deductible
  • Comprehensive coverage with $1,000 deductible
    We used a 2013 Toyota Camry in all cases. Our sample retired driver was age 67 and drove 50% fewer annual miles than motorists in other groups. Our sample young driver was age 22 and carried the minimum required coverage levels. These are sample rates generated through Quadrant Information Services. Your own rates will be different.
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