Quick Answer: Why is car insurance so high in Arkansas?

Why is Arkansas car insurance so expensive?

Car insurance in Arkansas is expensive because the state has higher than average traffic fatalaties, with 17 deaths per 100,000 people (compared to the national average of 10). In Arkansas, you can expect to pay approximately $1,563 per year for full coverage car insurance or $558 per year for minimum coverage.

Is car insurance expensive in Arkansas?

Auto insurance is expensive in Arkansas. The average auto insurance price in Arkansas is $1,458 per year — more than the US average by 2.1%. … Auto insurance premiums price based on myriad factors, including your marital status, driving history, credit rating, gender, and age.

How much is car insurance in Arkansas per month?

We found that, on average, young and new drivers in Arkansas pay $2,550 per year, or $213 per month, for car insurance.

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Who has the cheapest car insurance in Arkansas?

Cheapest Car Insurance in Arkansas

Rank Insurer Average Quote
1 Geico $576 per year
2 USAA $655 per year
3 State Farm $669 per year
4 Southern Farm Bureau $689 per year

What is the cheapest state for car insurance?

Car insurance in Louisiana is now three times more expensive than in Maine. Maine has the cheapest car insurance rate, where you will pay an average of $858 a year.

What’s the cheapest state to buy a car?

Overall, New Hampshire is the cheapest state to buy a car, since registration fees are low and sales tax non-existent. Florida is the second cheapest state to buy a car, and the state has a wonderful inventory. In fact, cars cost around ten percent less than the average.

What is the best car insurance in Arkansas?

The 5 Best Auto Insurance Companies in Arkansas

  • State Farm – Best for online/mobile app.
  • Progressive – Best for discounts.
  • Allstate – Best for good drivers.
  • Southern Farm Bureau – Best for transparent pricing.
  • Shelter Insurance – Best for car insurance packages.


What is full coverage insurance in Arkansas?

Full coverage insurance in Arkansas is usually defined as a policy that provides more than the state’s minimum liability coverage, which is $25,000 in bodily injury coverage per person, up to $50,000 per accident, and $25,000 in property damage coverage.

How do I get affordable health insurance in Arkansas?

Affordable Care Act (ACA)

You can purchase individual health insurance through the Health Insurance Marketplace. These are plans that meet government requirements per the Affordable Care Act. Learn more about ACA insurance options in Arkansas. Call 1-844-818-2962.

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How much is health insurance in Arkansas?

How much does health insurance cost in Arkansas? Arkansas residents can expect to pay an average of $202.99 per person* for a major medical individual health insurance plan. Prices will vary and premiums can be lower if you are in good health.

Is car insurance required in Arkansas?

Auto Insurance in Arkansas

Arkansas drivers must have minimum insurance coverage on their vehicles, so make sure your auto insurance meets or exceeds the state requirements.

How much does it cost to live in Arkansas?

Our cost of living indices are based on a US average of 100. An amount below 100 means Arkansas is cheaper than the US average.

Arkansas cost of living is 79.0.

COST OF LIVING Arkansas United States
Health 86.5 100
Housing 55.7 100
Median Home Cost $128,800 $231,200
Utilities 95.6 100

Is Geico really the cheapest?

Is Geico a good insurance company? Geico has consistently ranked on NerdWallet’s best car insurance companies list, and has the cheapest rates on average for good drivers among the nation’s largest insurers.

What is the penalty for not having car insurance in Arkansas?

The driver must maintain proof of continuous insurance throughout the registration period. The penalties for driving without car insurance in Arkansas include: Mandatory fines for first offense range from $50 to $250 for the first offense, $250 to $500 for the second offense and $500 to $1,000 for the third offense.

Is Arkansas a no fault insurance state?

Arkansas is an “at fault” state. This means that the person responsible for the accident is also responsible for the damages they have caused. … A no-fault car insurance policy will cover your expenses, even when you are the one who has caused the accident.

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