WalletHub, Financial Company
@WalletHub
Car insurance in Arkansas costs $49 per month or $591 per year for minimum coverage, on average. The cheapest car insurance companies in Arkansas are USAA, Geico, and State Farm, and getting quotes from several companies can help you find the best deal.
The average cost of car insurance in Arkansas is 12% lower than the national average auto insurance premium. There are several factors that affect how much you’ll pay for car insurance in Arkansas, including your driving record, age and location, the amount of coverage you purchase, and the insurance company you buy it from.
Average Cost of Car Insurance in Arkansas by Category
- After an at-fault accident: $198 per month
- Driver with poor credit: $90 per month
- Teen driver: $248 per month
- After a DUI: $81 per month
Average Cost of Car Insurance in Arkansas by Company
Company | Minimum Coverage | Full Coverage |
$543 per year | $1,965 per year | |
$682 per year | $2,564 per year | |
$543 per year | $1,934 per year | |
$312 per year | $1,376 per year | |
$1,426 per year | $5,711 per year | |
$448 per year | $1,412 per year | |
$452 per year | $2,465 per year | |
$317 per year | $1,169 per year | |
$461 per year | $1,541 per year | |
$238 per year | $1,169 per year |
Note: Rates are an approximation based on a 45-year-old man in Arkansas with a clean driving record. Actual rates will vary.
Average Cost of Car Insurance in Arkansas by Age
Age | Average Annual Premium |
$2,980 per year | |
$2,541 per year | |
$2,246 per year | |
$1,685 per year | |
$1,483 per year | |
$1,170 per year | |
$1,016 per year | |
$946 per year | |
$886 per year | |
$773 per year | |
$611 per year | |
$591 per year | |
$555 per year | |
$588 per year |
Note: Rates are an approximation based on a driver in Arkansas with minimum coverage and a clean driving record. Actual rates will vary.
How to Lower the Cost of Car Insurance in Arkansas
- Shop around and compare quotes. We recommend comparing quotes from at least three different insurance companies to make sure you are getting the best rate.
- Choose a higher deductible. Your deductible is the amount you have to pay out of pocket before your insurance kicks in. Choosing a higher deductible can lower your premiums but means you will have to pay more out-of-pocket when you file a claim.
- Consider lowering your coverage. Consider purchasing only the minimum amount of coverage required by your state, rather than purchasing higher limits or a full coverage policy.
- Look for discounts you may be eligible for. For instance, most insurance companies offer a good-driver discount for customers with a clean driving record, a good-student discount, or a discount for paying your premiums in full up front.
To learn more, check out our guide to how much car insurance you need in Arkansas as well as our picks for the cheapest car insurance companies in Arkansas.
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