Home Insurance and Car Insurance in Arkansas

Homeowners Insurance Coverage Options in

Most home insurance policies sold in Arkansas feature a standard set of insurance coverage that covers the costs of rebuilding or repairing your home, protecting your personal property and covering you in the event of someone else’s injury or property damage. This coverage often includes:

• Dwelling coverage protects the structure of your home, including the walls and roof.
• Personal property coverage helps replace your belongings if they are damaged or stolen. It includes furniture, appliances and more.
• Liability coverage helps defend you and your finances if someone sues after sustaining an injury on your property or if you damage their property.
• Guest medical protection coverage pays for medical expenses for someone who sustains an injury on your property.
• Additional living expenses coverage pays for increased expenses such as lodging and food if your home is rendered uninhabitable after a covered loss.

Common Causes of Loss in

Arkansas sees its fair share of disasters, storms and other catastrophes that cause losses for homeowners that require substantial home insurance claims. Some of the most common causes for claims in the state include:

• Hail damage, often caused by thunderstorms and hurricanes
• Wind damage from thunderstorms, tornadoes and hurricanes
• Theft or burglary
• Earthquakes, which occur due to the state’s proximity to the New Madrid faultline.²

Additional Coverage Options Recommended for Homeowners

Depending on what part of the state you call home, it may make sense to add additional insurance options to your standard home insurance policy, such as:

• Flood insurance is not included in traditional home insurance policies. Flood insurance can be purchased separately from your insurance company or as part of FEMA’s National Flood Insurance Program.³
• Earthquake insurance can help cover damages related to earthquakes and their aftershocks. Because most standard home insurance policies do not cover earthquakes, it’s worth consideration for Arkansas homeowners.
• Water backup coverage covers damages related to a backed-up drain or a sump pump malfunction.
• Scheduled personal property coverage is important for heirlooms, valuable antiques and expensive jewelry or pieces of art. It often requires these items to be professionally appraised.
• Identity theft coverage can help cover the costs of legal fees and lost wages if your identity is stolen.

Our Home Insurance Partners in

SelectQuote works with home insurance companies in Arkansas and other states to provide our customers with affordable insurance coverage. By partnering with reputable, trusted companies in Arkansas, we help you shop for insurance by comparing rates and available discounts from several carriers at one time.

What is the average home insurance cost in ?

Average monthly home insurance rates for SelectQuote customers in Arkansas are $140.70.⁺ Rates vary by your ZIP code, age of your home, total policy limits and your deductible. Your credit rating will also have some influence over your insurance premiums, as will the number of home claims you’ve filed over the past few years.

Homeowners Insurance Discounts in

For many price-conscious homeowners, a discount on their home insurance is an appealing way to save money. Some of the most common ways to save on your rates include:

• Buying a policy with a higher deductible
• Sticking with your insurance company for several years at a time
• Installing a home security system or other safety equipment that lowers your home’s risk assessment
• Bundling your home and auto insurance together under one policy

Auto Insurance Laws and Requirements

Like many other states, Arkansas mandates all drivers carry a minimum legal amount of car insurance to help cover costs associated with auto accidents involving other drivers, pedestrians or property. This insurance—known as bodily injury liability coverage and personal property liability coverage—can help pay for injuries, funeral expenses, and property damages resulting from accidents that are your fault.

In addition to liability coverage, you must also be offered the opportunity to purchase uninsured motorist (UM) coverage and underinsured motorist (UIM) coverage. These types of coverage help pay for costs associated with injury and property damage as a result of accidents where another driver is found at fault, but has insufficient insurance (or no coverage) to pay for damages.

All data on average expenditures is provided by the Insurance Information Institute.

In addition to the mandatory insurance coverage you must purchase, other types of coverage are available. Collision coverage helps pay for damages that occur as a result of an accident involving another vehicle. Comprehensive coverage can pay for damages after an accident involving an animal, falling object, fire or storm. Comprehensive coverage can also help replace your vehicle after theft.

Teen Driving Laws

Arkansas requires all teen drivers to go through the process of obtaining a graduated driver’s license.⁷ A learner’s license is required for all drivers ages 14-15 and an intermediate license is provided for teens who are 16-17 years old. All drivers, regardless of age, must be listed on an auto insurance policy. It’s often cheaper for a parent to add a teen driver to their policy than for the teen to purchase insurance on their own.

Car Registration Information

Arkansas requires all new vehicle registrations and registration renewals to provide proof of auto insurance at the time of the transaction. This proof commonly takes the form of:

• A current auto insurance card
• An official policy declaration page from your car insurance company
• A letter from your auto insurance company on company letterhead

What is the average car insurance cost for SelectQuote customers in ?

SelectQuote customers in Arkansas pay an average monthly premium of $151.99 for auto insurance.⁺ Note that rates will vary based on:

• Type of coverage purchased
• Your credit and driving history
• The make, model and age of vehicle
• Where you live in the state

Our Auto Insurance Partners in

SelectQuote partners with highly rated and trusted insurance companies in Arkansas to provide you with affordable auto insurance coverage. We shop and compare rates from several carriers at one time and pass along the savings to you.