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Best Cheap Car Insurance in Arkansas for 2021

Jan. 25, 2021
Auto Insurance, Insurance
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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 28 companies in the state. Below you’ll find the five most affordable options for common driver types.

Cheapest for 20-year-old drivers in Arkansas

Drivers in their 20s may have to get a lot of quotes to find 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 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. Southern Farm Bureau Casualty: $1,744 per year.
  2. State Farm: $2,820 per year.
  3. Auto Club of SoCal: $2,863 per year.
  4. Farmers: $2,875 per year.
  5. Shelter: $2,961 per year.

Cheapest minimum coverage 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. Southern Farm Bureau Casualty: $616 per year.
  2. Trexis: $749 per year.
  3. Geico: $778 per year.
  4. Progressive: $854 per year.
  5. State Farm: $902 per year.

Cheapest coverage for 20-year-olds with poor credit in Arkansas

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

  1. Trexis: $749 per year.
  2. Southern Farm Bureau Casualty: $923 per year.
  3. Columbia: $1,167 per year.
  4. Geico: $1,217 per year.
  5. Farmers: $1,298 per year.

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

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

  1. Southern Farm Bureau Casualty: $830 per year.
  2. Geico: $1,072 per year.
  3. Trexis: $1,101 per year.
  4. Cameron Mutual: $1,111 per year.
  5. Progressive: $1,151 per year.

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

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

  1. Southern Farm Bureau Casualty: $778 per year.
  2. Progressive: $976 per year.
  3. Trexis: $1,074 per year.
  4. Dairyland: $1,129 per year.
  5. Farmers: $1,163 per year.

Cheapest for 30-year-old drivers in Arkansas

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 in Arkansas for 30-year-olds

Drivers in Arkansas with clean driving records may get the lowest rates from these companies:

  1. Southern Farm Bureau Casualty: $1,079 per year.
  2. Nationwide: $1,417 per year.
  3. State Farm: $1,438 per year.
  4. Auto Club of SoCal: $1,489 per year.
  5. Farmers: $1,496 per year.

Cheapest minimum coverage 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. Southern Farm Bureau Casualty: $293 per year.
  2. Columbia: $371 per year.
  3. Geico: $371 per year.
  4. Progressive: $375 per year.
  5. State Farm: $396 per year.

Cheapest coverage for 30-year-olds with poor credit in Arkansas

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

  1. Southern Farm Bureau Casualty: $1,761 per year.
  2. Nationwide: $1,962 per year.
  3. Say Insurance: $2,090 per year.
  4. Columbia: $2,140 per year.
  5. Trexis: $2,199 per year.

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

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

  1. Southern Farm Bureau Casualty: $1,370 per year.
  2. Cameron Mutual: $1,764 per year.
  3. State Farm: $1,796 per year.
  4. Farmers: $2,044 per year.
  5. Nationwide: $2,182 per year.

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

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

  1. Southern Farm Bureau Casualty: $1,277 per year.
  2. Farmers: $1,978 per year.
  3. State Farm: $2,059 per year.
  4. Progressive: $2,164 per year.
  5. Cameron Mutual: $2,395 per year.

Cheapest for 40-year-old drivers in Arkansas

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 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. Southern Farm Bureau Casualty: $1,045 per year.
  2. Shelter: $1,283 per year.
  3. Nationwide: $1,342 per year.
  4. State Farm: $1,404 per year.
  5. Farmers: $1,429 per year.

Cheapest minimum coverage 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. Southern Farm Bureau Casualty: $285 per year.
  2. Progressive: $354 per year.
  3. Geico: $360 per year.
  4. Columbia: $361 per year.
  5. Trexis: $397 per year.

Cheapest coverage for 40-year-olds with poor credit in Arkansas

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

  1. Southern Farm Bureau Casualty: $1,731 per year.
  2. Nationwide: $1,856 per year.
  3. Say Insurance: $1,945 per year.
  4. Columbia: $1,974 per year.
  5. Trexis: $2,008 per year.

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

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

  1. Southern Farm Bureau Casualty: $1,325 per year.
  2. Cameron Mutual: $1,630 per year.
  3. State Farm: $1,754 per year.
  4. Farmers: $1,984 per year.
  5. Nationwide: $2,087 per year.

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

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

  1. Southern Farm Bureau Casualty: $1,235 per year.
  2. Farmers: $1,917 per year.
  3. State Farm: $2,013 per year.
  4. Progressive: $2,023 per year.
  5. Cameron Mutual: $2,207 per year.

Cheapest for 50-year-old drivers in Arkansas

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 the best cheap car insurance companies is a good place to start.

Cheapest full coverage 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. Southern Farm Bureau Casualty: $1,006 per year.
  2. Shelter: $1,096 per year.
  3. Nationwide: $1,242 per year.
  4. Farmers: $1,280 per year.
  5. State Farm: $1,365 per year.

Cheapest minimum coverage 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. Southern Farm Bureau Casualty: $280 per year.
  2. Progressive: $316 per year.
  3. Columbia: $329 per year.
  4. Geico: $340 per year.
  5. Trexis: $357 per year.

Cheapest coverage for 50-year-olds with poor credit in Arkansas

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

  1. Say Insurance: $1,637 per year.
  2. Southern Farm Bureau Casualty: $1,666 per year.
  3. Nationwide: $1,712 per year.
  4. Trexis: $1,762 per year.
  5. Columbia: $1,806 per year.

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

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

  1. Southern Farm Bureau Casualty: $1,272 per year.
  2. Cameron Mutual: $1,492 per year.
  3. State Farm: $1,708 per year.
  4. Farmers: $1,866 per year.
  5. Nationwide: $1,955 per year.

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

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 Casualty: $1,186 per year.
  2. Farmers: $1,793 per year.
  3. Progressive: $1,808 per year.
  4. State Farm: $1,964 per year.
  5. Cameron Mutual: $2,019 per year.

Cheapest for 65-year-old drivers in Arkansas

Although 65-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 auto insurance for seniors, drivers in their mid-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 in Arkansas for 65-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. Southern Farm Bureau Casualty: $906 per year.
  2. Shelter: $1,096 per year.
  3. Nationwide: $1,182 per year.
  4. Farmers: $1,239 per year.
  5. State Farm: $1,271 per year.

Cheapest minimum coverage in Arkansas for 65-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. Southern Farm Bureau Casualty: $243 per year.
  2. Progressive: $326 per year.
  3. Columbia: $341 per year.
  4. State Farm: $375 per year.
  5. Farmers: $380 per year.

Cheapest coverage for 65-year-olds with poor credit in Arkansas

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

  1. Southern Farm Bureau Casualty: $1,500 per year.
  2. Nationwide: $1,621 per year.
  3. Say Insurance: $1,637 per year.
  4. Columbia: $1,802 per year.
  5. Trexis: $1,906 per year.

Cheapest for 65-year-old drivers with one at-fault crash in Arkansas

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

  1. Southern Farm Bureau Casualty: $1,137 per year.
  2. Cameron Mutual: $1,485 per year.
  3. State Farm: $1,595 per year.
  4. Nationwide: $1,876 per year.
  5. Farmers: $1,878 per year.

Cheapest insurance for 65-year-old drivers after a DUI in Arkansas

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 Casualty: $1,059 per year.
  2. Farmers: $1,795 per year.
  3. State Farm: $1,837 per year.
  4. Progressive: $1,974 per year.
  5. Cameron Mutual: $2,021 per year.

Cheapest 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 five auto insurance options for 32 of the 40 driver profiles we examined.

» MORE: Best car insurance for veterans and military

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 from an average of 14 insurers in each state and Washington, D.C., 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 2018 Toyota Camry L for all drivers and assumed 12,000 annual miles driven.
  • We analyzed rates for drivers 20 to 80 years old in five-year increments.

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 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.

These are rates generated through Quadrant Information Services. Your own rates will be different.