Arkansas is an at-fault state and PIP insurance is not mandatory. PIP coverage will pay medical and related expenses for you and your passengers following an accident. Arkansas law does require that auto insurance policies include $5,000 of PIP coverage.
What happens if you don’t have PIP insurance?
If their insurance isn’t enough, you can turn to your auto or health insurance for remaining bills. Your auto insurance company will use either PIP, medical payments coverage, or your policy’s uninsured/underinsured motorist coverage to pay the difference.
What insurance is required in Arkansas?
Minimum Required Coverage for Arkansas Auto Insurance:
Bodily injury liability coverage: $25,000 per person and $50,000 per accident. Property damage liability coverage: $25,000 per person. Uninsured motorist bodily injury coverage: $25,000 per person and $50,000 per accident*
Are you required to have auto insurance in Arkansas?
A. Every automobile owner must have liability coverage. Liability coverage pays for any claims when you are at fault in an accident. The minimum liability you are required to carry by law is $25,000 per person for bodily injury, $50,000 per accident and $25,000 to cover property damage to other’s property.
Is Arkansas a no fault 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.
How much PIP should I carry?
You should have $2,500 to $30,000 in PIP coverage per person in states that require personal injury protection (PIP), though exact requirements vary by state. Even if it’s not mandatory in your state, you should purchase as much PIP coverage as you can comfortably afford.
Does using PIP raise your insurance?
When you are not at fault and you make a PIP claim, you will receive payment from either your insurance company or the other driver’s insurance, and your rate will not increase.
What is full coverage 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 insurance cost in Arkansas?
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%.
Do you have to have full coverage on a financed car in Arkansas?
When you finance your automobile, the lending institution will require that you have coverage on your automobile. The lending institution will be named as a loss payee on your policy so that its financial interest in the automobile will be protected.
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.
How much is a no insurance ticket 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.
Does Arkansas have comparatively strict or lenient requirements for auto insurance coverage?
Do Arkansas’ required insurance minimums provide enough coverage? Arkansas’s minimum car insurance limits are more robust than some states.
Is Pip Subrogatable in Arkansas?
§ 23-79-146 authorizes subrogation rights for any casualty insurer, accident and health insurer. …
Does insurance follow the car or the driver in Arkansas?
In most situations, the driver’s insurance plays a role regardless of whose car they are driving and who caused the accident. That is true regardless of whether a state has at-fault or no-fault laws because no-fault insurance only applies to medical payments.
Which states are no-fault states?
Which states are no-fault states? In the United States, there are 12 no-fault states, including Florida, Michigan, New Jersey, New York, Pennsylvania, Hawaii, Kentucky, Massachusetts, Minnesota, North Dakota and Utah. Although a US territory, Puerto Rico also has no-fault laws, so we included its requirements below.