Arkansas Car Insurance Calculator
You can quickly get an idea of the car insurance costs in Arkansas with MoneyGeek’s free online calculator tool, but in order to maximize savings even further it’s essential to understand how insurers in Arkansas calculate premiums and the many factors influencing them so you can make informed choices regarding coverage levels and discounts.
Arkansas car insurance rates typically depend on age, driving record, and policy coverage levels as primary rating factors. Younger drivers, such as teens, tend to be considered higher-risk by car insurers due to their inexperience behind the wheel and increased likelihood of an accident occurring – this explains why their rates often surpass those for older drivers in Arkansas.
Maintaining a spotless driving record is also paramount to Arkansas car insurance rates; any form of traffic infraction, from speeding tickets and at-fault accidents to traffic tickets can significantly raise their rates; in fact, the average at-fault accident in Arkansas increases premiums more than twice what it would for those without accidents on their record.
Arguably, having a DUI on your record can significantly raise car insurance premiums in Arkansas. While some insurers may provide car insurance to those with such offenses, their premiums will likely increase and application processes lengthened; drivers with such marks on their records should take immediate steps to have it cleared from their records as soon as possible.
Arkansas car insurance premiums can also be affected by your credit score. Insurers use your credit history to create a risk score, with those with lower scores generally being seen as being more of a risk and filing more claims, leading to increased premium costs – something which insurance providers take into consideration.
Additionally to your driving record and credit score, the type of car you drive and whether or not you add medical payments coverage will also have an effect on Arkansas car insurance rates. A sports car will usually cost more than an economy sedan to insure; and adding comprehensive and collision coverage typically increases car insurance premiums in Arkansas.
To help Arkansas drivers find the ideal car insurance policy, WalletHub analysts conducted a detailed evaluation of over 30 of the largest licensed insurers operating within Arkansas. We only included insurers that met specific criteria: