The best cheap car insurance in Arkansas

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There are quite a few affordable car insurance options in Arkansas, though rates might be higher than other states thanks to Arkansas' no-fault laws. In a basic sense, this system says that if you're involved in an accident, both drivers will file their own insurance claims with an insurance company. These no-fault laws also requires a type of insurance coverage called PIP, or Personal Injury protection.

In addition to the coverage you'll need as required by state law, car insurance is priced on a variety of different factors, like your age, the car you drive, your gender, and more. Every insurance company will quote every driver a different cost — also called a premium — to maintain coverage.

No matter what state you live in, you should be shopping around when getting car insurance. Given the fact that each insurance company prices everyone's policy differently, you'll want to get quotes from several different companies to make sure you're getting the best policy for your money.

The most popular car insurance companies in Arkansas 

The following are the most popular car insurance companies in Arkansas, based on the percentage of insured Arkansas drivers who use them:

CompanyMarket share (%)
State Farm23.45
Southern Farm Bureau Casualty13.21
Progressive9.21
Shelter Insurance8.88
Allstate7.19
GEICO6.45
USAA*4.84
Farmers Insurance3.87
Liberty Mutual3.48
Alfa Mutual Group2.30
Nationwide2.28
Auto-Owners Insurance1.76
Auto Club Exchange1.51
State Auto1.45
National General Holdings1.20
MetLife0.81
The Hartford0.81
Travelers0.60
Columbia Insurance0.55
American National0.53

*USAA is only for active military, veterans, and their families.

Data from S&P Global Market Intelligence

The best car insurance in Arkansas based on customer satisfaction

Customer satisfaction with car insurance providers may factor into your decision. According to J.D. Power, a consumer research company that surveys customers, these are the top car insurance companies in the Central region (which includes Arkansas):

  1. Auto-Owners Insurance
  2. GEICO
  3. Shelter Insurance
  4. Progressive
  5. State Farm
  6. Region Average
  7. Liberty Mutual 
  8. Allstate
  9. Farmers Bureau Mutual
  10. Travelers
  11. Farmers Insurance
  12. Auto Club of Southern California Insurance
  13. Nationwide
  14. American Family
  15. Safeco

The best cheap car insurance in Arkansas based on credit score

Consumer Reports compiled pricing formulas from each insurance company in every state and calculated what they would charge the average single adult driver. One of the major factors in what your car insurance premium will cost is your credit score. Here are the three best companies for each credit level according to Consumer Reports data, along with the average premium for a single adult driver. 

Those with excellent credit, FICO score 800-850, will see some of the best average rates on car insurance.

  • USAA car insurance: $933 per year
  • Farmers car insurance: $956 per year
  • State Farm car insurance: $ 999 per year

Here are the best insurance companies for drivers with good credit, FICO score 670-739, will see the best coverage from these three companies, on average:

  • USAA car insurance: $1,054 per year
  • Farmers car insurance: $1,159 per year
  • State Farm car insurance: $ 1,214 per year

Those with poor credit, FICO score 300-579, will pay more for their car insurance, on average. 

  • Shelter Mutual car insurance: $1,949 per year
  • Farmers car insurance: $2,019 per year
  • GEICO car insurance: $2,178 per year

The best car insurance for drivers with a clean record

For a driver in Arkansas age 25 or older with no accidents and one vehicle, the following companies provide the best average rates:

CompanyAverage monthly insurance premium 
Root$114
State Farm$119
Liberty Mutual$120
GEICO$133
Progressive$139
Allstate$163
USAA*$168
Esurance$181
Farmers$184
Safeco$186

*USAA is only for active military, veterans, and their families.

Above data obtained from Savvy, based on 750 policyholders in the state of Arkansas 

Best car insurance for one or more accidents on record

For a driver in Arkansas age 25 or older, with one or more accidents and one vehicle, the following companies provide the best average rates:

CompanyAverage monthly insurance premium 
Allstate$98
State Farm$148
GEICO$158
Progressive$163
Esurance$177
Bristol West$219
Farmers$578

Above data obtained from Savvy, based on 750 policyholders in the state of Arkansas 

Arkansas car insurance rates by city

Below is the estimated average annual premium of auto insurance policies per household in Arkansas's most populous cities:

CityAverage annual insurance premium 
Little Rock$1,346
Fayetteville$1,308
Fort Smith$1,246
Springdale$1,369
Jonesboro$1,306
Rogers$1,460
Conway$1,295
North Little Rock$1,279
Bentonville$1,541
Pine Bluff$1,223
Hot Springs$1,236
Benton$1,457
Bella Vista$1,454
Sherwood$1,400
Texarkana$1,266
Russellville$1,263
Jacksonville$1,289
Paragould$1,318
Cabot$1,358
Searcy$1,264
West Memphis$1,211
Van Buren$1,299
Bryant$1,448
Maumelle$1,463
Siloam Springs$1,373
El Dorado$1,249
Centerton$1,515
Hot Springs Village$1,348
Forrest City$1,213
Blytheville$1,215
Mountain Home$1,268
Harrison$1,217
Marion$1,458
Magnolia$1,228
Batesville$1,339
Camden$1,181
Malvern$1,229
Arkadelphia$1,208
Clarksville$1,212
Helena-West Helena$1,162

Data from S&P Global Market Intelligence

Who gets the best cheap car insurance in Arkansas?

As the average figures by Consumer Reports show above, those with the best credit scores will get the best rates. But, there are other factors as well, including things like where you live within Arkansas and other personal factors. 

But, shopping around is another way to make sure you're getting the most for your money. You'll want to get quotes from several different companies and compare them. Look past just the price tag of the monthly premium — also consider the different types of coverages and their respective limits. Additionally, look at the deductible, or the amount you'll pay out of pocket if you get into an accident. 

Generally, the cheaper the policy, the higher the deductible will be, and the less coverage you'll get. By shopping around, you can make sure that you get the most coverage for your money.

Ronda Lee is an associate editor for insurance at Personal Finance Insider covering life, auto, homeowners, and renters insurance for consumers. She is also a licensed attorney who practiced litigation and insurance defense.

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