Expertise.com

The Best Homeowners Insurance in Arkansas [2023]

arkansas-hero-image

Find a top-ranked Homeowners Insurance Agency in your area

A state known for southern hospitality and a laid-back attitude, Arkansas offers its diverse 500+ cities and residents much more than abundant landscapes encompassing mountains, caves, rivers and hot springs. Arkansas's low housing costs, high quality of life, and plethora of outdoor recreation make it one of the best places to put down roots. 

With abundant park and wilderness areas comes natural disasters like tornadoes and flash floods, so although Arkansas has much to offer residents, it's important to know how best to protect your home and belongings.

If you own a home or are thinking of buying in Arkansas, it’s important to compare homeowners insurance rates and find the coverage that works best for you. 

We at Expertise.com have analyzed a handful of insurance companies. We’ll uncover everything to know about homeowners insurance in Arkansas and help you find the most comprehensive, cheapest coverage to suit your needs.

Average Cost of Homeowners Insurance in Arkansas

According to Insurance.com, the average cost of homeowners insurance in Arkansas is $3,439 a year –$1,134 higher than the national average of $2,305. This amount can vary for Arkansas residents depending on the type of coverage you need and where your home is located. Other factors that can determine your home insurance rates in Arkansas include property value and local crime rates.

The cost of homeowners insurance in Arkansas can differ vastly based on a few key factors:

  • The age of your home: Is your Arkansas home an older home that is at risk of more structural wear and tear?

  • The square footage of your home: How big is your home? In general, larger homes will cost more to insure.

  • The materials used to build your home: Was your Arkansas home built using materials prone to things like rotting or structural damage?

  • Building costs in your area: Because insurance deals with repairs and replacement, coverage increases with increased building costs.

  • The location in which you live: What are crime rates like? How close are you to a fire department? How close are you to water?

  • Any additional features: Does your house have a swimming pool or hot tub that could pose a potential risk to guests? Do you have pets, and if so, what are their breeds? Surprisingly, insurers will look at these things when assessing prices.

  • Your deductible: A higher deductible will decrease your premium, but could cost you more if you file a claim. Talk to your insurance provider about diminishing deductibles to get the best plan that suits your payment needs.

Arkansas Homeowners Insurance Rates by City

Like most states, the cost of your homeowners insurance policy can vary greatly depending on where you live. 

Below is a breakdown of the average annual rate by city. For convenience we've highlighted the top 10 most populous cities for homeowners insurance.

City

Average annual rate

Little Rock

Fayetteville

Fort Smith

Springdale

Jonesboro

Rogers

North Little Rock

Conway

Bentonville

Pine Bluff

The Best Homeowners Insurance in Arkansas

After extensive research, we at Expertise.com found the following insurance agencies to provide the best, comprehensive coverage in Arkansas:

State Farm logo

State Farm


Average Annual Rate: ~ $2,485

Notes: Best for bundling & expensive homes

USAA logo

USAA


Average Annual Rate: ~ $2,100

Notes: A great option for active-duty military members

Allstate logo

Allstate


Average Annual Rate: ~ $2,500

Notes: Good for extended coverage plans

Farmers logo

Farmers


Average Annual Rate: ~ $2,800

Notes: Best for customizable coverage

Shelter

Shelter


Average Annual Rate: ~ $1,750

Notes: Best on a budget


Cheapest Homeowners Insurance in Arkansas

The cheapest homeowners insurance coverage in Arkansas is Shelter. The company’s average annual premium for Arkansas residents is $863 per year which is 75% less than the typical price in Arkansas overall.

It’s important to remember that prices vary depending on each person’s unique scenario, but if cost is the most important variable for you, check Shelter's coverage options first. 

Searching on phone

Find Cheap Homeowners Insurance in Your Area

FAQs

Below, we tackle some common questions to help you make a more informed decision about which Arkansas home insurance to choose specifically. 

How to Reduce Homeowners Insurance Costs in Arkansas

As we’ve pointed out, the price you pay for homeowners insurance can vary substantially across insurers. 

Here are a few ways to reduce costs:

  • Increase your deductible. This will help reduce monthly costs to your insurer, but it may mean paying more out of pocket should you need to make a claim. Similarly, paying your 6-month or 1-year premium in full will drive down monthly costs.

  • Bundle policies. Bundling your home and auto insurance can help you save 5–15% on your premiums. Talk to your insurance provider about home and car insurance bundling options and how that helps you save.

  • Take the necessary steps to make your home disaster-resistant. Some examples include:

    • Install a smoke detector and/or fire alarm.

    • Get a burglar alarm and/or dead-bolt locks.

    • Install a sprinkler system.

  • Nix the high-risk accessories. Similar to the above point, rid your home of things that are considered “high risk.” For example, did the kids go off to college? Time to throw out that trampoline that’s sitting in the backyard.

  • Seek out other discounts. Some things to look into:

    • Do you work from home? Insurance providers may feel you’re less prone to theft or may spot a fire or flood sooner.

    • Are you retired? You may qualify for a discount. 

    • Does your employer offer a group deal?

    • Even something as simple as choosing paperless billing can help you save!

  • Keep good credit. Some agencies will look at your credit history and charge less for those with good financial strength and standings.

As always, consult your insurance agent to see which of the above discounts you qualify for.

Arkansas Insurance Options In Your City

At Expertise.com, our goal is to connect Arkansas residents with the best local experts and agencies, so you can find the home insurance policy that safely insures your home and most prized possessions. 

View our list of the five best homeowners insurance companies in Arkansas here

Learn more about the best homeowners insurance options in your respective Arkansas cities below:

Our methodology evaluates each provider based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.