Cheap Car Insurance in Arkansas

Arkansas boasts overall cheaper insurance rates on average. The average annual cost of car insurance in Arkansas is $1,768, which is $239 more than the national average rate. However, the actual amount you pay as an Arkansas driver can vary based on various rating factors that auto insurers consider when determining auto premiums.

These variations in cost are influenced by multiple factors that play a role in rate determination. They include location, encompassing the average occurrence of car accidents, local repair expenses, the typical car value, your individual driving history, and more, all contributing to the final price of your car insurance.

In this guide, we’ll explore the variations in Cheapest car insurance rates based on age in Arkansas. With numerous lenders providing the cheapest car insurance, Arkansas creates an environment where drivers can navigate complexities and obtain cost-effective coverage tailored to their unique needs and circumstances. With this being the case, you have a great chance of finding Cheapest car insurance in Arkansas. All you need to do is fill in your details with Beem and get up to 40% off on the best auto insurance quotes. 

Cheapest Car Insurance in Arkansas – October 2023

Are you looking for the cheapest car insurance in Arkansas in October 2023? In October 2023, securing the most Cheapest car insurance in Arkansas is crucial. Key providers like Beem, Southern Farm Bureau, State Farm, and Auto-Owners offer competitive rates. Monthly and annual premiums from these companies are notably lower, promising potential savings compared to the state average. Farmers and Southern Farm Bureau are leading the charge, offering monthly premiums as low as $97, presenting substantial savings compared to the state’s average.

While cost is essential, consider other factors like coverage options, customer service, and available discounts. Stay informed about industry trends, regularly compare quotes, and personalize your insurance plan to ensure it aligns with your specific needs. By doing so, you’ll save money and secure comprehensive and cheapest coverage tailored to your requirements.

What is the Cheapest Car Insurance in Arkansas?

When seeking the cheapest car insurance in Arkansas, an effective strategy is opting for minimum coverage that meets the state’s legal requirements. This budget-friendly choice averages around $48 per month or $577 per year, translating to significant savings of $1,280 compared to full coverage. 

However, various factors influence costs; poor credit may add $1,975 yearly, and an at-fault accident can increase rates by up to $970 annually. Younger drivers, particularly those in their teens and 20s, face higher premiums, paying $5,876 yearly in Arkansas. Tickets or violations can further impact costs. State Farm stands out for DUI-related cases, offering rates 40% below the statewide average. Choose your coverage wisely to protect your vehicle affordably.

How We Chose The Cheapest Companies In Arkansas

Our selection of the cheapest insurance providers in Arkansas is driven by a dynamic process that keeps rates up-to-date with the latest information. The rates showcased are based on a sample driver profile—a 30-year-old single male with a Honda Accord and full coverage. This profile is meticulously fine-tuned using common pricing factors utilized by major insurers, including age, coverage level, and driving record. This approach guarantees that the data remains current and relevant, empowering you to make well-informed choices when seeking the most budget-friendly car insurance options in Arkansas.

Cheap Car Insurance In Arkansas

Cheap car insurance in Arkansas refers to the Cheapest coverage options that meet state requirements without sacrificing quality protection.

Typically, opting for minimum coverage, the lowest legal requirement, can reduce costs, averaging around $48 per month or $577 annually. However, factors like credit history and driving record can influence prices. For instance, younger drivers may face higher premiums in Arkansas. For those seeking affordable options, it’s worth exploring the Best Car Insurance in Jonesboro, AR, to find a policy that balances cost and coverage.

To find the most budget-friendly option, it’s crucial to consider individual circumstances, compare quotes, and strike a balance between cost and coverage. This ensures you get the best value while meeting legal obligations on the Arkansas roads. Get up to 40% off on the cheapest car insurance quotes with Beem.

Arkansas Rates for Teen Drivers

Car insurance rates for teen drivers in Arkansas can be a substantial financial burden, with an average annual cost of $2,980 or approximately $248 per month for a 16-year-old. This high expense is primarily due to the perception of teenagers as riskier drivers with limited experience on the road. The cheapest option for 16-year-olds in Arkansas is Geico, which offers an average annual rate of $1,238. However, young drivers and their parents must explore various insurance companies to find the best personalized rates.

One effective strategy to lower premiums for teen drivers is to take advantage of available discounts, such as good student, student away at school, and anti-theft discounts. Additionally, if the standalone policy cost is too steep, parents may consider adding their teen to an existing family policy. 

Cheapest For 20-Year-Old Drivers

Obtaining Cheapest car insurance as a 20-year-old driver can be a challenge. Prices for younger drivers can be on the higher side due to perceived risk. However, costs decrease as you gain more experience behind the wheel. To find the best deals, comparing quotes from different insurance companies is essential, as some consistently offer better rates for young drivers.

Cheapest Full Coverage Car Insurance In Arkansas For 20-Year-Olds

Several companies offer competitive rates if you’re a 20-year-old driver in Arkansas with a clean driving record and seeking full coverage. Southern Farm Bureau Casualty leads the pack with an annual average of $2,430; State Farm at $2,762; and Geico at $3,050. These options provide comprehensive coverage while still being budget-friendly.

Cheapest Minimum Coverage Car Insurance In Arkansas For 20-Year-Olds

For 20-year-olds in Arkansas who only require the state’s minimum coverage, State Farm stands out with an annual rate of $789, or approximately $66 per month. Trexis follows closely with an average of $848 per year, or around $71 monthly. Southern Farm Bureau Casualty offers another Cheapest choice at $888 per year or about $74 per month. These options ensure you meet the legal requirements without breaking the bank.

Cheapest Car Insurance In Arkansas For 20-Year-Olds With Poor Credit

If you’re a 20-year-old driver in Arkansas with a less-than-ideal credit score, there are insurance companies that can offer the cheapest rates. Geico leads the pack with an annual rate of $1,306, translating to approximately $109 monthly. Equity follows closely with an average of $1,384 per year, or about $115 per month, while Southern Farm Bureau Casualty is another cost-effective option at $1,475 per year, or around $123 per month. These choices ensure you receive the necessary coverage while accommodating your financial situation.

Cheapest Car Insurance In Arkansas For 20-Year-Olds With One Speeding Ticket

For 20-year-olds in Arkansas who have recently received a speeding ticket, it’s essential to find cost-effective coverage. State Farm provides one of the lowest average rates at $905 per year, or Geico offers a competitive option at $927 per year, while Southern Farm Bureau Casualty stands out with an average rate of $987 per year. These choices help keep your insurance costs manageable despite the recent traffic violation.

Cheapest Car Insurance In Arkansas For 20-Year-Olds With One At-Fault Crash

Drivers in Arkansas who have been in an at-fault accident can still find the Cheapest insurance options. State Farm offers one of the lowest average rates at $1,022 per year, while Southern Farm Bureau Casualty is another budget-friendly choice with an average rate of $1,196 per year. These options provide necessary coverage without a hefty price tag.

Cheapest Car Insurance In Arkansas For 20-Year-Olds After A DUI

Even after a DUI, some insurance companies in Arkansas offer competitive rates for 20-year-old drivers. Southern Farm Bureau Casualty is a standout choice with an average rate of $1,122 per year, or about $93 per month. State Farm provides another cost-effective option at $1,224 per year or approximately $102 monthly. 

Cheapest For 30-Year-Old Drivers

As drivers enter their 30s, car insurance rates generally become more budget-friendly than in their younger years. While age is a significant factor, other elements like driving history and the type of car can affect prices. Shopping around and taking advantage of available car insurance discounts can help 30-year-old drivers secure lower rates.

Cheapest Full Coverage Car Insurance In Arkansas For 30-Year-Olds

For full coverage in Arkansas, State Farm is a budget-friendly option at $1,147 annually, approximately $96 per month. Shelter provides another competitive choice at an average rate of $1,185 per year, translating to about $99 monthly.

Cheapest Minimum Coverage Car Insurance In Arkansas For 30-Year-Olds

For those requiring only the state’s minimum coverage, State Farm remains economical with an average of $259 per year, roughly $22 per month. Auto-Owners is another Cheapest option at $393 annually, about $33 per month.

Cheapest Car Insurance In Arkansas For 30-Year-Olds With Poor Credit

Drivers with poor credit can find reasonable rates, with Shelter leading at $2,154 per year, followed by Geico at $2,618, and Southern Farm Bureau Casualty at $2,660 annually.

Cheapest Car Insurance In Arkansas For 30-Year-Olds With One Speeding Ticket

After a speeding ticket, State Farm remains the cheapest at $297 per year or about $25 monthly. Geico is also competitive at $475 annually, around $40 per month.

Cheapest Car Insurance In Arkansas For 30-Year-Olds With One At-Fault Crash

State Farm offers economical coverage at $1,416 per year for those with an at-fault crash, approximately $118 per month. Southern Farm Bureau Casualty is another Cheapest choice at $1,888 annually, about $157 per month.

Cheapest Car Insurance In Arkansas For 30-Year-Olds After A DUI

Despite a DUI, State Farm is cost-effective at $1,613 annually or around $134 monthly. Southern Farm Bureau Casualty provides another economical option at $1,747 per year, approximately $146 per month. 

Cheapest For 40-Year-Old Drivers

For 40-year-old drivers, securing the Cheapest car insurance involves smart shopping and exploring various options. Pay-per-mile Insurance is a potential choice for those who infrequently use their vehicles. Shopping around and obtaining multiple quotes is essential to secure the Cheapest car insurance. Competitive rates for full coverage in Arkansas come from Shelter, State Farm, and Southern Farm Bureau Casualty, offering budget-friendly choices with comprehensive protection.

Cheapest Full Coverage Car Insurance In Arkansas For 40-Year-Olds

Several companies offer competitive rates for 40-year-old drivers in Arkansas seeking full coverage. Shelter leads with an annual average of $1,065, approximately $89 per month. State Farm provides another cost-effective choice at $1,111 per year, equivalent to about $93 per month. Southern Farm Bureau Casualty is also a budget-friendly option, with an average rate of $1,415 per year, approximately $118 per month. 

Cheapest Minimum Coverage Car Insurance In Arkansas For 40-Year-Olds

For drivers in Arkansas who only need the state’s minimum coverage, State Farm is an economical choice with an average annual rate of $263, or around $22 per month. Say Insurance offers another Cheapest option, with an average rate of $368 per year, equivalent to about $31 per month. These choices ensure legal compliance without straining your budget.

Cheapest Car Insurance In Arkansas For 40-Year-Olds With Poor Credit

40-year-old drivers in Arkansas with poor credit can find competitive coverage options. Columbia offers one of the lowest average rates at $2,301 per year, or about $192 per month. Trexis is another cost-effective choice, costing an average of $2,509 per year, equivalent to about $209 monthly. These options accommodate full coverage needs while considering credit situations.

Cheapest Car Insurance In Arkansas For 40-Year-Olds With One Speeding Ticket

Finding the cheapest coverage is crucial if you’ve recently received a speeding ticket in Arkansas. State Farm remains a top pick with an average annual rate of $302, while Say Insurance offers competitive rates at $446 per year. Southern Farm Bureau Casualty also provides cost-effective options with an average rate of $456 per year.

Cheapest Car Insurance In Arkansas For 40-Year-Olds With One At-Fault Crash

Drivers in Arkansas with a recent at-fault accident can still find budget-friendly insurance options. State Farm offers one of the lowest average rates at $1,373 per year. Cameron Mutual is another cost-effective choice, with an average rate of $1,688 annually. 

Cheapest Car Insurance In Arkansas For 40-Year-Olds After a DUI

For an after a DUI, 40-year-old drivers in Arkansas can secure competitive insurance rates. State Farm offers an economical choice with an average annual rate of $1,565, or about $130 per month. 

Cheapest For 50-Year-Old Drivers

Drivers in their 50s generally enjoy lower car insurance rates compared to other age groups. Prices tend to decrease as they approach their 60s and accumulate more driving experience. While rates can still vary based on gender and location, shopping around remains a wise approach. 

Cheapest Full Coverage Car Insurance In Arkansas For 50-Year-Olds

In Arkansas, drivers with clean records seeking full coverage can explore quotes from insurers with the lowest average rates. Shelter stands out with an annual average of $878, around $73 per month. State Farm also offers an economical choice at $1,071 per year, approximately $89 per month. These options provide comprehensive coverage without breaking the bank.

Cheapest Minimum Coverage Car Insurance In Arkansas For 50-Year-Olds

For those in Arkansas opting for the state’s minimum coverage, State Farm is the Cheapest choice at an average annual rate of $261, or about $22 per month. Say Insurance offers another cost-effective option at $303 per year, equivalent to approximately $25 per month. Shelter is also a wallet-friendly option with an average of $313 per year.

Cheapest Car Insurance In Arkansas For 50-Year-Olds With Poor Credit

Arkansas drivers in their 50s with poor credit can find competitive options for full coverage. Columbia leads with an average rate of $2,106 per year, around $176 per month. In other ways, Trexis follows closely with an average of $2,282 per year, or about $190 per month.

Cheapest Car Insurance In Arkansas For 50-Year-Old Drivers With One Speeding Ticket

For those with a recent speeding ticket in Arkansas, cost-effective options for minimum coverage include State Farm at $299 per year or about $25 per month. Say Insurance provides another budget-friendly choice at $368 per year, approximately $31 per month. 

Cheapest Car Insurance In Arkansas For 50-Year-Old Drivers With One At-Fault Crash

Arkansas drivers in their 50s with a recent at-fault crash can still find the Cheapest full coverage rates. State Farm offers one of the lowest averages at $1,325 per year, or about $110 per month.

Cheapest Car Insurance In Arkansas For 50-Year-Old Drivers After A DUI

For drivers with a recent DUI, securing the cheapest full coverage insurance in Arkansas is the best strategy. However, specific rates are not available.

Cheapest For 60-Year-Old Drivers

While 60-year-old drivers enjoy generally lower car insurance rates than many age groups, costs can rise as they age. Finding the Cheapest car insurance for seniors in their 60s involves shopping around and taking advantage of available senior citizen discounts.

Cheapest Full Coverage Car Insurance In Arkansas For 60-Year-Olds

In Arkansas, drivers in their 60s with clean driving records can obtain quotes from companies with the lowest average rates. State Farm offers a cost-effective choice at $993 per year, and Dairyland follows closely at $1,014 per year.

Cheapest Minimum Coverage Car Insurance In Arkansas For 60-Year-Olds

For those in Arkansas seeking only the state’s minimum coverage, State Farm presents an economical option at an average annual rate of $243. Shelter also provides a budget-friendly choice with an average of $313 per year.

Cheapest Car Insurance In Arkansas For 60-Year-Olds With Poor Credit

Arkansas drivers in their 60s with poor credit can explore the following companies offering the lowest average rates for full coverage. Shelter leads at an average rate of $1,613 per year, and Nationwide follows at $2,224 annually.

Cheapest Car Insurance In Arkansas For 60-Year-Old Drivers With One Speeding Ticket

For drivers with a recent speeding ticket in Arkansas, cost-effective options for minimum coverage include State Farm at $279 per year and Say Insurance at $368 per year, which translates to approximately $31 per month.

Cheapest Car Insurance In Arkansas For 60-Year-Old Drivers With One At-Fault Crash

Arkansas drivers in their 60s with a recent at-fault crash can still find the Cheapest full coverage rates. State Farm offers one of the lowest averages at $1,230 per year, while Southern Farm Bureau Casualty provides another budget-friendly option at an average of $1,644 per year.

Cheapest Car Insurance In Arkansas For 60-Year-Old Drivers After A DUI

For drivers with a recent DUI, securing the Cheapest full coverage car insurance in Arkansas is attainable. The best insurance option comes from State Farm, with an average of $1,404 per year, or about $117 per month.

Cheapest For 70-Year-Old Drivers

As drivers reach their 70s, car insurance costs may begin to increase. To secure the cheapest coverage, seniors must compare quotes from various companies and seek insurers offering discounts for senior citizens, such as those rewarding completion of defensive driving courses.

Cheapest Full Coverage Car Insurance In Arkansas For 70-Year-Olds

For Arkansas drivers in their 70s with clean driving records, considering quotes from these companies with the lowest average rates is advisable. State Farm provides an economical choice at $1,033 per year, approximately $86 per month, and Southern Farm Bureau Casualty follows closely at $1,283 per year, around $107 per month.

Cheapest Minimum Coverage Car Insurance In Arkansas For 70-Year-Olds

For those in Arkansas seeking only the state’s minimum coverage, exploring quotes from State Farm, averaging $263 per year, and Southern Farm Bureau Casualty, averaging $355 per year, can lead to budget-friendly options.

Cheapest Car Insurance In Arkansas For 70-Year-Olds With Poor Credit

Arkansas drivers in their 70s with poor credit can explore companies like Columbia and Cameron Mutual, known for providing lower average rates for full coverage.

Cheapest Car Insurance In Arkansas For 70-Year-Old Drivers With One Speeding Ticket

For Arkansas drivers in their 70s with a recent speeding ticket, State Farm offers an economical option at $301 per year. Southern Farm Bureau Casualty follows at $395 per year for minimum coverage.

Cheapest Car Insurance In Arkansas For 70-Year-Old Drivers With One At-Fault Crash

Arkansas drivers in their 70s with a recent at-fault crash can find budget-friendly options for full coverage from companies like State Farm and Shelter.

Cheapest Car Insurance In Arkansas For 70-Year-Old Drivers After A DUI

After a DUI, the cheapest full coverage car insurance for 70-year-old drivers comes from State Farm, with an average of $1,472 per year, approximately $123 per month.

How Much Is Full Coverage Car Insurance in Arkansas?

Full coverage, which includes liability, comprehensive, and collision coverage, safeguards your vehicle. The price you pay for car insurance in Arkansas depends on factors like age, location, credit score, coverage level, and driving record. On average, full coverage insurance in Arkansas costs around $1,907 annually. If you’re looking for affordability, consider Farmers and Southern Farm Bureau, known for their budget-friendly full coverage rates in the state.

Average Annual Car Insurance Rates In Arkansas By Company

Car insurance expenses in Arkansas fluctuate notably among insurance companies. State Farm leads with the Cheapest rates, charging only $232 yearly for minimum coverage and $629 for full coverage. Conversely, Dairyland proves pricier, demanding $800 annually for minimum coverage and $1,767 for full coverage. While liability-only coverage is cheaper, diligent research can help you find budget-friendly full coverage options.

How Much Is Liability-Only Coverage Car Insurance In Arkansas?

When you’re in the market for car insurance in Arkansas, considering liability-only coverage is a viable option. The cost of your insurance depends on several factors, such as your vehicle’s make and model. For instance, if you drive an Acura MDX 2012, you can expect to pay around $395 annually for state minimum liability-only coverage through State Farm, making it an economical choice.

• State Minimum Liability Only:
  • Annual Premium: $489
  • Monthly Premium: $41

• 100/300/100 Liability Only:
  • Annual Premium: $615
  • Monthly Premium: $51

• 100/300/100 Full Cov. w/$1,000 Ded.:
  • Annual Premium: $1,054
  • Monthly Premium: $88

Minimum Car Insurance Requirements In Arkansas

In Arkansas, car insurance policies must meet specific minimum requirements to ensure financial responsibility:

• $25,000 for bodily injury liability per person.
• $50,000 for bodily injury liability per incident.
• $25,000 for property damage liability per incident.

These requirements are in place to cover expenses that may arise from injuries and property damage if you cause an accident. Bear in mind that these minimum limits may not be sufficient to cover all costs in the event of a costly accident. It’s often wise to consider purchasing additional coverage for more excellent protection.

Tips for How to Get Cheap Car Insurance in Arkansas

Here are a few tips on how to get cheap car insurance in Arkansas:

• Compare Quotes: Shop around and obtain quotes from multiple auto insurance providers to find the best rates.
• Bundle Policies: Combine car insurance with other policies like home or renters insurance for potential discounts.
• Maintain a Good Credit Score: A higher credit score can lead to lower insurance premiums.
• Drive Safely: Maintain a clean driving record with no accidents or traffic violations.
• Consider Higher Deductibles: Opting for a higher insurance deductible can lower your premium, but make sure it’s cheap.
• Inquire About Discounts: Ask about available discounts, including safe driver, multi-car, or good student discounts.

Getting the most affordable car insurance quotes was never this easy. Enter your basic details with Beem and get up to 40% off on the best quotes.

No-fault Insurance in Arkansas

In Arkansas, the no-fault insurance system operates as an “add-on.” This means that while drivers are obligated to have at-fault liability coverage, they can also supplement it with additional no-fault coverage. In the event of an accident causing injuries, this supplementary no-fault liability policy can provide additional financial support.

Conclusion

The cheapest car insurance in Arkansas is attainable with the right approach. Understanding the factors that influence your rates, shopping around for quotes, and using discounts can lead to significant savings. While the state’s average insurance cost might be slightly higher than the national average, you have the opportunity to secure cost-effective coverage tailored to your specific needs. Keep these factors in mind, and you’ll be on your way to finding cheap car insurance in Arkansas without compromising on quality coverage. To get the best deals on affordable and cheap car insurance, apply with Beem. Enter your basic information and shop for the best insurance quotes at up to 40% off.

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FAQs on Cheap Car Insurance in Arkansas

Q. Is Car Insurance Required in Arkansas?

Yes, it is mandatory for all drivers to have car insurance in Arkansas.

Q. Which Cars Are Required to be Insured in Arkansas?

All vehicles, including cars, trucks, and motorcycles, must be insured in Arkansas.

Q. When Should I Get Car Insurance in Arkansas?

Before driving any vehicle, make sure you get car insurance in Arkansas. Car insurance is required for vehicle registration.

Q. How Much Car Insurance Do I Need in Arkansas?

The minimum liability coverage includes $25,000 bodily injury per person, $50,000 per accident, and $25,000 property damage.

Q. How Much is Car Insurance in My City in Arkansas?

On average, the annual cost of car insurance in Arkansas is approximately $1,768, which is slightly higher than the national average.

Q. What Happens if My Car is Not Properly Insured in Arkansas?

Driving without insurance may lead to fines, license suspension, and vehicle impoundment.

Q. Is Arkansas a No-Fault State?

Yes, Arkansas is a no-fault state. In Arkansas, the no-fault insurance system operates as an “add-on.” This means that while drivers are obligated to have at-fault liability coverage, they can also choose to supplement it with additional no-fault coverage. 

Q. Do I Need Uninsured Motorist Coverage in Arkansas?

Yes, uninsured motorist coverage is necessary, even if you already possess collision and comprehensive coverage.

Q. Is Liability Insurance Required in Arkansas?

Yes, liability insurance is mandatory, covering bodily injury and property damage.

Q. Does Arkansas Accept Digital Insurance Cards?

Yes, digital proof of insurance is acceptable in Arkansas.

Q. Is Insurance Expensive in Arkansas?

On average, auto insurance in Arkansas is 5.4 percent cheaper than the national average.

Q. What’s the Average Cost of Car Insurance in Arkansas?

On average, car insurance costs $1,768 annually in Arkansas, slightly higher than the national average.