As anyone who drives a vehicle is well-aware, auto insurance rates commonly increase year-over-year. But the reasons for auto insurance rate fluctuations vary, and rate hikes aren't always the prevailing trend.
Among the primary rating factors insurance companies use to set rates is location. The local area and state in which a car is parked and operated help determine auto insurance rates — this comes down to state laws and the varying risks associated with insuring cars in different areas.
Because auto insurance pricing depends on a number of factors, yearly price trends vary by state. Auto insurance rates might be increasing each year in one state but decreasing for drivers a single state over.
See below trending car insurance prices in Arkansas. If your policy isn't following your state's trend, consider shopping for a more affordable policy. The Zebra's car insurance comparison tool generates car insurance rates based on your details — enter your ZIP below to get started.
Car insurance price trends in Arkansas
In Arkansas, average annual auto insurance costs went up by $30 from 2017 to 2018. The typical driver in Arkansas now pays an average premium of $1,496 per year.
The recent trend in Arkansas leans toward more expensive auto insurance rates. From 2015 to 2018, rates increased by $257 per year. At the same time, insurance rates across the US have jumped in the past few years, climbing from $1,280 in 2015 to $1,470 in 2018.
ARKANSAS AUTO INSURANCE TRENDS
|Year||Avg. Annual Premium — Arkansas||Yearly Change — Arkansas||Avg. Annual Premium — US||Yearly Change — US|
If your rates are rising faster than the average in your state, shop around for a better deal.
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How are auto insurance rates changing in the biggest Arkansas cities?
Car insurance rates are priced at the local level, with a number of location-specific variables impacting rates. That means drivers could see major differences in their insurance rates, based solely on their ZIP code or city. For example, drivers in Fayetteville faced a bigger year-over-year rate increase (4.9%) than their intrastate neighbors in North Little Rock (4.9%) between 2018 and 2017.
See below annual rate changes in large Arkansas cities. If your city is on the expensive side — and moving isn't an option — consider shopping around for a more affordable rate.
|City||Avg. Premium Increase — 2018 vs. 2017|
|North Little Rock||4.9%|