Car insurance is an absolute must in Arkansas as proof of financial responsibility, regardless of its minimum requirement. When searching for coverage options and rates, consider all your options and shop around until you find what suits you best – discounts, maintaining a clean driving record and bundling policies can all help reduce premium costs significantly. Your location also plays a role, with climate, crime, traffic volume and population density all having an effect on how likely it is that claims will be filed; all this impacts your premium costs accordingly.
As well as raising your deductibles, another effective way of lowering insurance rates is improving your credit score and raising it as high as possible – although if your score drops below 700 most companies consider this an indication that more work needs to be done to reach better rates.
A DUI conviction, at-fault accident or speeding ticket will likely increase your rates; however, you should still compare them across providers as there may be those willing to provide coverage despite your driving history.
Arkansas allows for up to 50/100/25.000 in liability coverage in case you cause an accident that results in bodily injuries or property damage, though comprehensive and collision coverage for damage to your own vehicle are optional. Full coverage should always be considered because it will help safeguard financially in case a large claim arises.
Minimum coverage won’t cover medical bills or repairs in an accident, so it is wise to add additional types of coverage such as full coverage policies – average costs in Arkansas average around $1870 annually for full coverage policies.
Arkansas boasts several top-rated auto insurers offering competitive rates, such as Geico, USAA and State Farm. To learn more about them and their rates by entering your ZIP code above – and always compare quotes regularly to ensure you’re finding the most cost-effective policy possible!
If you are caught driving without valid auto insurance coverage, Arkansas state authorities will suspend your registration until you show proof of obtaining and showing proof of a new policy – with reinstatement fees assessed accordingly. Penalties for driving without coverage can be severe, so it’s vitally important that you get one that fits your specific needs – visit our Arkansas page or get in touch with us directly and speak to one of our licensed representatives who can help find one to fit both lifestyle and budget needs.