5+ years writing insurance and personal finance topics
Auto, home, health, and life insurance expertise
Elizabeth has extensive insurance industry experience, having written for Insureon, Rate Retriever, and Insurify. She’s also finance and insurance editor for Car and Driver.
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
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Home insurance in Arkansas costs $3,368 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible. That’s significantly more expensive than the U.S. national average of $2,377 per year.
Rates in Arkansas are significantly higher than the U.S. national average because of the state’s severe weather risks — especially tornadoes. Arkansas recorded more than 30 tornadoes in the first six months of 2024.[1]
While home insurance is generally more expensive in Arkansas, it’s still possible to find affordable rates. Here’s how.
Quick Facts
Travelers, Allstate, and Republic Indemnity offer some of the cheapest home insurance in Arkansas.
Tornadoes are one of the biggest threats to homes in Arkansas, but the state also faces danger from floods and even earthquakes.
If you live in a high-risk flood zone in Arkansas, you may want to purchase a separate flood insurance policy.
Best home insurance companies in Arkansas
The best home insurance company for you will depend on your unique situation and your coverage needs. That’s why it’s also a good idea to compare rates from several companies to find the most affordable policy for you.
Below, you’ll find a list of some of the top companies in Arkansas. Keep them in mind as you begin your search for new coverage.
Insurance Company
▲▼
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
▲▼
Average Annual Premium
▲▼
Best For
▲▼
Travelers
7.8
$2,191
Cheapest rates
Allstate
8.2
$2,310
Coverage options
Farmers
8.4
$2,576
Discounts
USAA
8
$3,346
Military members
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.
We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.0/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
829
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$183/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$298/mo
Travelers has some of the cheapest home insurance premiums in Arkansas, based on Insurify data. The average cost of home insurance from Travelers is $2,191 per year for a policy with $300,000 in dwelling insurance. That’s about 42% less than the state average.
Travelers also offers a good variety of home insurance endorsements, including contents replacement cost coverage, green home coverage, valuable items coverage, water backup and sump-pump overflow coverage, and several more.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.9/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
833
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$201/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$292/mo
Allstate is one of the best home insurance companies in Arkansas for coverage options. The company offers nine endorsements, including water backup coverage, identity theft coverage, yard and garden coverage, green home reimbursement coverage, sports equipment coverage, musical instrument coverage, and more.
Allstate offers several home insurance discounts, like savings for new homebuyers, installing protective devices, policy bundling, and paying your premium on time.
Pros
Nine home insurance endorsements
Good home insurance discounts
Cons
Below-average J.D. Power customer satisfaction rating
More complaints than expected for home insurance with the National Association of Insurance Commissioners (NAIC)[3]
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.3/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
815
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$214/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$344/mo
Farmers has one of the best selections of home insurance discounts in Arkansas. The company has 14 available discounts, with savings for green-certified homes, claim-free homeowners, new homes, protective devices and systems, bundling, homes with UL-approved roofing materials, paying in full, paying on time, and more.
Farmers’ average home insurance premiums are also well below the state average. If you want to customize your policy with add-ons, you’ll need to contact a Farmers agent to find out what coverage options are available in Arkansas.
Pros
Nearly 100 years of experience
Can get flood insurance through the NFIP
Cons
Below-average J.D. Power customer satisfaction rating
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.4/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
880
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$221/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$304/mo
For homeowners who work at one of Arkansas’ military bases, like Little Rock Air Force Base, USAA can be a great home insurance company. USAA exclusively underwrites insurance policies for active-duty and retired service members, as well as their spouses and children.
One thing that sets USAA apart from other companies is that replacement cost coverage is standard with all USAA policies. If you want more customized protection, you can add the USAA Home Protector package to get coverage for things like debris removal, rebuilding costs, and ordinance/law coverage.
For customers on active duty, USAA will also cover military uniforms and military equipment that gets lost or damaged due to war.
Pros
All policies include replacement cost coverage
High J.D. Power customer satisfaction rating
Cons
Only available for eligible military personnel
Must be an existing customer to get a quote online
Find Cheap Home Insurance in Arkansas
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Cheapest home insurance in Arkansas
The cheapest home insurance company in Arkansas is Travelers, which has an average annual premium of $2,191 for a policy with $300,000 in dwelling insurance. But Allstate, Republic Indemnity, and Farmers also offer cheap coverage in Arkansas.
Keep in mind the most affordable insurer for you may be another company entirely. That’s why it’s important to compare quotes from several companies before selecting a policy.
Here, you can see several of the cheapest home insurance companies in Arkansas as well as their average annual premiums for $300,000 in dwelling coverage.
Insurance Company
▲▼
Average Annual Premium
▲▼
Travelers
$2,191
Allstate
$2,310
Republic Indemnity
$2,363
Farmers
$2,576
USAA
$2,644
Nationwide
$3,009
State Farm
$3,157
Cost of homeowners insurance in Arkansas
The average annual home insurance premium in Arkansas is $3,368 for a policy with $300,000 in dwelling coverage. That equates to roughly $280 per month.
Your rates will vary based on your ZIP code, the size and age of your home, your claim history, and your type of home insurance coverage. If you qualify for any home insurance discounts, you might be able to reduce your premium.
Cost of homeowners insurance by dwelling coverage amount
One of the factors that affects home insurance prices is the amount of dwelling coverage you choose. The higher your dwelling coverage limit is, the more expensive your premium will be.
Below, you can see the average cost of homeowners insurance in Arkansas for several different dwelling insurance coverage limits. Rates shown are for policies with a $1,000 deductible.
Coverage Limit
▲▼
Average Annual Premium
▲▼
$100,000
$1,648
$200,000
$2,550
$300,000
$3,368
$400,000
$4,349
$500,000
$5,239
Cost of homeowners insurance by deductible
Your deductible is the amount of money you’re required to pay out of pocket before your insurer will pay on a covered claim. Choosing a higher deductible will result in a lower premium because you’re taking on more of the risk yourself. Meanwhile, a lower deductible will result in you paying a higher premium.
The table below shows the price difference for a policy with a $500 deductible versus a $1,000 deductible for $300,000 in dwelling coverage.
Deductible Amount
▲▼
Average Annual Premium
▲▼
$500
$3,436
$1,000
$3,368
How to get cheap homeowners insurance in Arkansas
Many factors dictate the rate you pay for home insurance. Some of them are outside your control. Here are some things you can do to reduce your home insurance expenses:[4]
Look for discounts. Many of the best home insurance companies offer discounts that can reduce your premium. When shopping for home insurance in Arkansas, pay attention to the discounts available, and choose an insurer that offers multiple discounts you can take advantage of.
Bundle your policies. You can often save money by bundling more than one insurance policy together, like home insurance with auto insurance, life insurance, or business insurance. If you need multiple insurance policies, you can look for an insurance company that offers a lucrative bundling discount.
Choose a higher deductible. Choosing a higher deductible generally allows you to pay a lower monthly premium because you’re taking on more up-front risk. Just make sure not to set your deductible so high you can’t afford to pay it in the event of a claim.
Shop around. Your home insurance rate depends on many different factors. To find the most affordable policy for your unique situation, shop around and compare personalized quotes from several different insurance companies.
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How much homeowners insurance do you need in Arkansas?
Homeowners insurance policies aren’t legally required in Arkansas, but if you have a mortgage, your lender will probably require it. Before you purchase home insurance, it’s important to understand what home insurance covers and determine how much coverage you need.
Most insurance experts recommend having enough dwelling insurance to cover the cost of rebuilding your house to its condition before the loss occurred. This includes any attached structures, like a garage or porch.
You should also have enough personal property insurance to match the estimated value of all your personal belongings, including your furniture and clothing.
For liability insurance, a good rule of thumb is to select a policy limit based on your personal assets. This includes vehicles, boats, real estate, savings, investments, and retirement accounts. Make sure your liability insurance will cover the full value of your assets in case of a third-party claim or lawsuit.
Good to Know
Home insurance companies typically offer several fixed coverage limits for medical payments insurance and additional living expenses. Select these coverage limits based on the amount of protection you want. Keep in mind that choosing higher coverage limits will raise your premium.
What are some of the biggest risks of owning a home in Arkansas?
Homeowners in Arkansas face a variety of risks and natural disasters. Here are some of the most common perils to be aware of if you own a home in the Natural State:
Tornadoes
Between 2013 and 2022, Arkansas recorded 321 tornadoes, including 45 in 2020. Standard home insurance policies cover property damage from tornadoes, including wind damage. But some policies may have a separate windstorm deductible that applies to tornado-related claims.
Flooding
Flooding is common in Arkansas, especially during the spring and summer months. In 2023, heavy rains brought an estimated 12 inches of water to Lafayette County in Southwest Arkansas, which damaged homes and buildings. Because standard home insurance policies don’t cover flood damage, Arkansas homeowners in flood-prone areas should consider purchasing a separate flood insurance policy.
Earthquakes
Earthquakes in Arkansas are very uncommon, but between 1811 and 1822, a fault line in Arkansas produced three of the biggest earthquakes ever recorded in the U.S. Homes located in the eastern and central parts of the state are the most at risk for earthquake damage. Home insurance doesn’t cover earthquakes, so homeowners in these areas should consider purchasing earthquake insurance.
Arkansas homeowners insurance FAQs
If you still have questions about how to secure the best home insurance rates for you in Arkansas, the following answers can help.
How much is home insurance in Arkansas?
The average cost of home insurance in Arkansas is $3,368 per year for $300,000 in dwelling coverage. That’s significantly more expensive than the U.S. national average of $2,377 per year. Your rate will depend on many factors, including your ZIP code, age of your home, square footage of your home, and the coverage levels you choose.
Which company has the cheapest homeowners insurance in Arkansas?
Travelers offers the cheapest homeowners insurance in Arkansas, with an average annual premium of $2,191 for a policy with $300,000 in dwelling insurance. Other affordable insurers include Allstate and Republic Indemnity, with respective annual premiums of $2,310 and $2,363.
Does Arkansas require homeowners insurance?
No. State law doesn’t require home insurance, but your lender will require you to carry home insurance coverage if you have a mortgage.
What is the most common type of homeowner insurance?
An HO-3, or special form, is the most common type of home insurance policy. It covers your liability, personal property, medical payments, and additional living expenses.
Sources
weather.gov. "Arkansas Weather Statistics for 2024."
J.D. Power. "Home Insurer Exodus from Several States Creates Challenges and Opportunities, J.D. Power Finds."
Elizabeth Rivelli is a freelance writer covering insurance and personal finance. She has extensive knowledge of various insurance lines, including property and casualty, health, and life insurance. Her byline has been featured in dozens of publications, including Investopedia, Forbes, Bankrate, NextAdvisor, and Insurance.com.
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
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Travelers
Allstate
Farmers
USAA
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