Arkansas homeowners insurance: what you need to know
The average cost of home insurance in Arkansas is $195 per month ($2,342 per year). This is significantly higher than the national average homeowners insurance premium. The easiest way to find a cheap home insurance policy in Arkansas is to compare rates and consider policies from as many insurance companies as you can.
Unlike car insurance, homeowners insurance isn't controlled by state legislation. But major gaps exist in home insurance rates on a state-by-state basis, including in Arkansas. Policy prices in states may vary based on the total number and value of homeowners claims filed in that particular state, and depend on the value of the belongings and structures covered by the policy.
Get an idea of average home insurance rates in Arkansas by reviewing the below data. Remember: your rates may vary, depending on your coverage details.
Table of contents:
- Rates by company
- Rates by coverage amount
- Rates by deductible amount
- Rates by city
- Bundling savings
- Frequently asked questions
- Natural disaster coverage
The cheapest home insurance companies in Arkansas
Home insurance rates in Arkansas vary based on the insurance company you use. Farmers offers the cheapest home insurance policies in Arkansas at $138 per month, on average. This compares favorably to the state average price, offering a $57 monthly discount versus the statewide average rate.
Start searching for affordable home insurance coverage by reviewing the cheapest Arkansas home insurance companies, listed below, or checking out our list of home insurance carriers ranked best for customer satisfaction.
AFFORDABLE HOME INSURANCE COMPANIES IN ARKANSAS
| Insurance Company | Average Monthly Rate | Average Yearly Rate |
| Farmers | $138 | $1,665 |
| Shelter | $140 | $1,678 |
| USAA | $162 | $1,938 |
| Farm Bureau | $167 | $2,000 |
| State Farm | $174 | $2,084 |
Arkansas home insurance prices by coverage levels
The amount of homeowners coverage you elect determines the insurance premiums you pay. In Arkansas, carrying $200,000 dwelling coverage costs an average of $1,670 per year, while maintaining coverage up to $400,000 costs as much as $3,120 per year.
POPULAR HOME INSURANCE COVERAGE LIMITS IN ARKANSAS
| Coverage Level | Average Monthly Cost | Average Annual Cost |
| $100,000 Dwelling | $137 | $1,649 |
| $200,000 Dwelling | $195 | $2,342 |
| $300,000 Dwelling | $254 | $3,043 |
| $400,000 Dwelling | $311 | $3,731 |
| $500,000 Dwelling | $379 | $4,550 |
| $600,000 Dwelling | $452 | $5,418 |
Homeowners insurance deductibles in Arkansas
Arkansas homeowners have a lot of decisions to make when buying a homeowners insurance policy, including how much their deductible should be. A deductible is the amount for which a homeowner is responsible before an insurance company steps in to cover costs. The deductible that you choose can have a big impact on home insurance rates.
When selecting a deductible, remember that the higher your deductible is, the lower your insurance rates will be. Therefore, you may want to think about setting a higher deductible if you're seeking lower home insurance premiums. Bear in mind your homeowners deductible should not be set at an amount that you would have difficulty paying in the event of a loss.
Take a look at the typical deductibles offered by home insurance companies and an approximation of average homeowners insurance rates.
HOME INSURANCE PREMIUMS BY DEDUCTIBLE IN ARKANSAS
| Deductible Tier | Average Monthly Rate | Average Annual Rate |
| $500 | $192 | $2,303 |
| $1,000 | $179 | $2,143 |
| $2,000 | $158 | $1,895 |
| $5,000 | $154 | $1,847 |
Arkansas homeowners insurance costs by city
Not all Arkansas cities have the same home insurance rates. Policies are often priced on locally specific variables such as the number of claims filed in the immediate area, lending your ZIP code plenty of weight in deciding how much you pay.
The cheapest homeowners insurance in Arkansas is found in Bella Vista. A typical home insurance term in Bella Vista totals just $1,998 annually — $407 less than the average Arkansas rate. Reference the below table to see the cheapest cities in Arkansas for home insurance.
CHEAPEST CITIES FOR HOMEOWNERS INSURANCE IN ARKANSAS
| City | Average Monthly Rate | Average 12-Month Rate |
| Cammack Village | $154 | $1,851 |
| Bethel Heights | $160 | $1,914 |
| Cave Springs | $160 | $1,917 |
| Tichnor | $160 | $1,919 |
| Brookland | $160 | $1,925 |
Home and auto insurance bundling in Arkansas
If you want to save on insurance, consider purchasing your homeowners and car insurance policies from the same company. Bundling auto and homeowners insurance in Arkansas can lead to substantial savings on your auto insurance bill. Bundling policies in Arkansas can lead to a monthly price break of $35.
HOME AND AUTO BUNDLING DISCOUNTS IN ARKANSAS
|
Avg. Monthly Rate (No Bundle) |
Avg. Monthly Rate (w/ Bundle) |
Monthly Savings ($) |
Savings (%) |
| $179 | $144 | $35 | 24% |
Arkansas homeowners insurance FAQs
Does Progressive offer homeowners insurance in Arkansas?
Progressive agents currently do sell homeowners policies in Arkansas.
Does GEICO offer homeowners insurance in Arkansas?
In addition to renters and auto insurance, GEICO provides home insurance in Arkansas.
Natural disaster coverage in Arkansas
Does homeowners insurance cover flooding in Arkansas?
Flood insurance is a necessity for many in Arkansas. Flood damage — whether a byproduct of a downpour or a hurricane — is not covered by homeowners insurance policies. To insure your home against flood damage, acquire insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurer.
Flood insurance coverage from private companies may vary, but NFIP flood insurance covers:
- $250,000 for your home’s structure
- $100,000 for your personal property
If the value of your personal property and home exceeds these limits, consider purchasing a flood insurance policy from our partners at Neptune for additional protection.
