Question 1

Does Arkansas require homeowner's insurance?

Accepted Answer

No, the state of Arkansas does not technically require homeowners insurance by law. However, most mortgage companies and lenders will require you to purchase it as a condition of your loan.

Question 2

What Does Homeowners Insurance in Arkansas Cover?

Accepted Answer

Under most insurance policies, home insurance coverage in Arkansas includes the following key things:

Dwelling coverage: This will help pay for the repair of the physical structure — and attached structures like garages — of your home as long as it’s a “covered hazard.”
Personal property coverage: This helps cover damages and replacement costs to your personal belongings, like clothing or furniture.
Personal liability coverage: This protects against any damages or injuries sustained by others that you or your household are responsible for.
Loss of use: This helps pay for any expenses you take on should you not be able to live in your home due to things like fire damage, etc.
Wind/hail and hurricane damage: Depending on where you live, you may be able to opt-out of this coverage if you participate in your state’s FAIR insurance plan for high-risk areas.
Medical payments: This helps protect you if someone is injured on your property. Bills are paid up to your policy’s limit, whether you’re legally responsible for the accident or not.

As always, shop around and make sure to ask insurance agents what is included in basic coverage plans and what additional coverages cost more to include.

Question 3

Which Additional Coverages Are Recommended in Arkansas

Accepted Answer

When shopping around for insurance quotes, it’s important to ask specific questions on what may — or may not — be included in your standard policy. In a state prone to tornadoes, flash flooding, and heavy snow storms experts usually recommend the following coverage types:

Flood damage insurance: 13% of all properties in Arkansas have greater than a 26% chance of being affected by flooding over the next 30 years. Flooding is not covered by home insurance as flood coverage requires a separate policy so you will likely be required to purchase a separate flood insurance policy from either a private flood insurer or the National Flood Insurance Program if your home is in a high-risk zone.
Personal property replacement cost: Will cover the cost of brand-new replacement items if your belongings are lost or damaged from an incident like fire or theft.
Identity theft insurance: In the event of identity theft, this can help pay for identity restoration services, like credit monitoring and legal fees.

It’s worth noting that insurance companies sometimes deny coverage if your home is in a particularly high risk area. There are some options in Arkansas should you fall into that bucket:

Arkansas FAIR Plan: Though this is much more limited, it provides basic wind, hail, and fire insurance to high-risk homeowners.
National Flood Insurance Program (NFIP): Administered by FEMA, this plan helps provide insurance to reduce the impact of floodwater in high-risk areas.

Question 4

How Do I File a Complaint?

Accepted Answer

Contact the Arkansas Department of Insurance at (800) 852-5494 or file a complaint online.

Question 5

How Do I Get Homeowners Insurance in Arkansas?

Accepted Answer

The first step in selecting a homeowners policy is getting a home insurance quote. Many insurers offer quotes online, but for those that don't, you may need to call some agencies directly or contact a local agent. To get a quote, you’ll likely need to provide some basic information about your house, any unique features, and when your roof was last replaced.

In addition, you’ll likely also need to provide some personal information, like your date of birth and information about any co-owners of the home. Once you’ve gathered home insurance rates from multiple companies, you can compare the options and decide what coverage options and price points are best for you. From there, you will need to sign an application and make at least the first month’s payment on your policy to obtain coverage.

City	Average annual rate
Little Rock	$1,4681468 out of 1584
Fayetteville	$1,4951495 out of 1584
Fort Smith	$1,5841584 out of 1584
Springdale	$1,4351435 out of 1584
Jonesboro	$1,4461446 out of 1584
Rogers	$1,3961396 out of 1584
North Little Rock	$1,4481448 out of 1584
Conway	$1,3951395 out of 1584
Bentonville	$1,5121512 out of 1584
Pine Bluff	$1,5401540 out of 1584

The Best Homeowners Insurance in Arkansas [2023]

Contents

Average Cost of Homeowners Insurance in Arkansas

Arkansas Homeowners Insurance Rates by City

The Best Homeowners Insurance in Arkansas

State Farm

USAA

Allstate

Farmers

Shelter

Cheapest Homeowners Insurance in Arkansas

Find Cheap Homeowners Insurance in Your Area

FAQs

How to Reduce Homeowners Insurance Costs in Arkansas

Arkansas Insurance Options In Your City