Car insurance costs an average of $1,458 per year in Arkansas. If you’re paying too much, review our info and compare rates to save. 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%.
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.
How much is vehicle insurance in Arkansas?
How much is car insurance in Arkansas per month? Every driver’s premium is unique. However, the average cost of car insurance in Arkansas per month is roughly $39 for minimum coverage ($470 a year) and $160 for full coverage ($1,914 a year).
Is car insurance cheaper in Arkansas than California?
Many factors lead to a state’s average insurance rates being expensive. Key factors include: No-fault insurance laws.
10 MOST EXPENSIVE STATES FOR AUTO INSURANCE.
|State||2021 Average Monthly Rate||Change vs. 2020 Rate|
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.
What is considered full coverage auto 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 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|
|Median Home Cost||$128,800||$231,200|
How much is health insurance 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.
What is the cheapest state for auto insurance?
Iowa, South Dakota, Hawaii, Wyoming and Alaska are the states with the lowest rates for minimum car insurance. If living in a state with affordable auto insurance premiums is important to you, these states are some of the cheapest places to live for car insurance.
What state has the highest car insurance?
- The most expensive state for full coverage auto insurance is Michigan, at roughly $4,003, over three times the national average of $1,265.
- The least expensive state for full coverage auto insurance is Maine, at roughly $589, 53.4% below the national average.
What is the most affordable auto insurance?
Cheapest car insurance from the largest companies
|Company||Average annual rate|
|2. State Farm||$550|
How long do you have to get insurance on a vehicle in Arkansas?
The Arkansas new-car insurance grace period is 2 to 30 days in most cases. The new-car grace period is how long insured drivers are allowed to drive a newly purchased vehicle before adding it to an existing car insurance policy.
What happens if you don’t have car insurance in Arkansas?
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 car 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.