Cheap Arkansas Auto Insurance for 2024

Like most states, Arkansas requires drivers to carry a minimum amount of insurance before they can drive. Most drivers want to find cheap Arkansas auto insurance that meets the state’s minimum requirements. From coverage requirements to the best auto insurance companies in Arkansas, we have everything you need to know right here.

Before you get the details, you can find affordable auto insurance right now. Enter your ZIP code now to compare Arkansas auto insurance quotes for free.

Arkansas Auto Insurance Requirements

Arkansas requires every driver to carry a minimum amount of car insurance. This ensures that drivers can be financially responsible if they’re at fault in an accident.

In Arkansas, the state auto liability insurance minimums are:

• Bodily Injury Coverage — $25,000 per person
• Bodily Injury Coverage — $50,000 per accident
• Property Damage Coverage — $25,000 per accident

In addition to the requirements, there are other optional types of auto insurance you can buy to protect yourself. Optional coverage options in Arkansas:

• Comprehensive Coverage
• Collision Coverage
• Uninsured Motorist Coverage
• Underinsured Motorist Coverage
• Personal Injury Protection

The amount of coverage you need depends on several factors, but your rates will increase the more insurance you add to your policy.

Drivers in Arkansas participate in what is known as the tort system of auto insurance. When an accident or crash occurs, a driver will be determined to be “at fault” for causing it, and this driver and their insurance will be subject to financial claims and lawsuits. This is one more reason why getting the best Arkansas auto insurance is crucial to protect yourself on the streets.

If you’re coming to Arkansas from another state, know that this is probably the same system that you used, but as with all state-to-state transitions, there may be minor tweaks. Ask your auto insurance agent for further details.

To ensure that drivers have at least a minimum amount of auto insurance when driving the roads, the Government of Arkansas has instituted mandatory minimums in a couple of different areas that all drivers must purchase to legally drive.

Property damage liability insurance covers any automobile or property damage that you cause when you get into an accident. For instance, if you should hit another car in a crash that you are “at fault” for, your property damage liability coverage will pick up some (or all) of the costs. The minimum amount of Property Damage Liability insurance by law is $25,000.

Bodily injury liability is another type of mandatory coverage in Arkansas. This insurance will cover the costs associated with injuries you cause to other parties in an accident.

To use the above example — if the driver in the car you hit was to sustain a broken arm, your bodily injury liability insurance would cover their medical treatment costs, lost wages, and other financial claims associated with the accident.

The minimum amount of bodily injury liability coverage is $25,000 per person, per accident, and $50,000 for all persons injured in a single accident. Note that with today’s high medical treatment and hospital costs, these amounts can be quite low, so if you have room in your budget, try to pick up enhanced coverage.

Compare over 200 auto insurance companies at once!

 Secured with SHA-256 Encryption

Arkansas Average Auto Insurance Rates

With 116 insurers to choose from, Arkansas drivers have quite the decision ahead of them when purchasing auto insurance. While it can be tough to sort through the different auto insurance companies and all of the packages and deals that they offer, it’s critical to do your homework to ensure you’re paying the best rate for your insurance.

The great news is that auto insurance is very affordable in Arkansas, with the average driver’s insurance rate coming in a couple of hundred dollars below the national average of $1440 per year.

Statewide, drivers in Arkansas pay around $1266 per year for auto insurance, with drivers in Little Rock paying an average of $1430 and those in Fort Smith paying an incredibly low $1120 per year.

There are a lot of factors that auto insurance companies take into consideration when determining your rates. For example, Arkansas full coverage auto insurance costs more than the minimum state requirements. Take a look at our overview here.

While many of these factors are simply based on your own driving record, two things that affect even the safest of drivers are age and gender. As with most states, males typically pay higher auto insurance rates than females. Age also affects insurance rates, with younger drivers paying higher rates than more experienced adults.

Although the rates listed above are what the average driver pays, you might qualify for help if you can’t afford it. Drivers looking for low income car insurance in Arkansas can apply for financial help with the Arkansas Automobile Insurance Plan.

Find Cheap Arkansas Auto Insurance Rates by Company

Though overall rates are low, some Arkansas auto insurance companies have cheaper prices than others. Take a look at how rates vary between some of the largest companies below.

But which companies are the largest, holding the most market share percentage in the region?

Theft and Accident Statistics In Arkansas

Aside from a brief spike in the middle of the decade, auto theft rates in Arkansas remained relatively flat until 2008. Thanks to stepped-up law enforcement in urban areas and more care being taken by Arkansas residents to protect their automobiles, auto theft is currently experiencing a steep decline. 2009 saw just 6,100 total reported vehicle thefts, down from 6,500 in 2008 and 7,010 the year prior.

If current trends continue, the reduction in auto thefts will have a positive impact on Arkansas auto insurance rates for everyone in the state.

The good news continues for Arkansas drivers when crash statistics are considered as well. 2009 saw a total of 62,808 vehicle crashes across the state, which was down from 63,137 the year prior.

Since the start of the decade, vehicle crashes have dropped more than 12%, thanks to Arkansas drivers using better caution and judgment on the road and more enforcement of traffic laws by police.

After peaking in 2004, traffic fatalities have also continued declining, with 2009 seeing just 592 fatalities caused by car accidents. Again, if these trends continue, it will help bring down Arkansas’s auto insurance rates.

Compare over 200 auto insurance companies at once!

 Secured with SHA-256 Encryption

Arkansas Auto Insurance Agents By City

If you are looking for an auto insurance agent in Arkansas, take a look at the list below.

Arkansas Auto Insurance Agents

• Cheap Arkansas Auto Insurance for 2024
• Get Affordable Foreman, AR Auto Insurance Quotes (2024)
• Get Affordable Gosnell, AR Auto Insurance Quotes (2024)
• Get Affordable Greenwood, AR Auto Insurance Quotes (2024)
• Get Affordable Hot Springs, AR Auto Insurance Quotes (2024)
• Get Affordable Hughes, AR Auto Insurance Quotes (2024)
• Get Affordable Keo, AR Auto Insurance Quotes (2024)
• Get Affordable Pine Bluff, AR Auto Insurance Quotes (2024)
• Get Affordable Searcy, AR Auto Insurance Quotes (2024)
• Get Affordable Siloam Springs, AR Auto Insurance Quotes (2024)
• Get Affordable Yellville, AR Auto Insurance Quotes (2024)

Additional Arkansas Auto Insurance Information

For more details from official sources, take a look at the resources below.

• State of Arkansas DMV – The official website of the Arkansas Department of Finance and Administration.
• Arkansas Motor Vehicle Commission – Website from Arkansas.gov.
• Insurance Department – Official State of Arkansas website.
• Arkansas Auto Insurance FAQ – From the Arkansas Insurance Department.
• Arkansas Automobile Insurance Brochure – PDF file from the insurance department.
• GHSA – Arkansas highway safety laws information.

If you’re ready to buy Arkansas auto insurance online, we can help. Enter your ZIP code below to compare Arkansas auto insurance rates today.

Compare over 200 auto insurance companies at once!

 Secured with SHA-256 Encryption