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How to get affordable renters insurance in Arkansas
Renters insurance is an optional — but important — product that works to keep your belongings safe in the event your rental property suffers damage from common incidents. Renters insurance protects items in the event of fire, smoke damage, a wind storm, vandalism or theft and a collection of other common misfortunes.
Unlike auto insurance, renters insurance isn't priced based on state laws. Even still, there are surprisingly large variations in renters insurance prices by state. Insurance policy costs in US states differ based on the total number and value of renters insurance claims filed statewide, and also on the value of the belongings covered by the policy.
Getting renters insurance in Arkansas is pricier than the US average. The typical annual renters insurance rate in Arkansas is $200, $16 more expensive than the average across America.
The easiest way to acquire affordable renters insurance in Arkansas is to get quotes from multiple insurance companies. Find out typical renters insurance rates in Arkansas by referencing the below data. Individual rates may vary depending on coverage options and the value of the items insured.
- Rates by company
- Rates by city
- Rates by coverage level
- Bundling discounts
- Frequently asked questions
Rates for renters insurance in Arkansas differ based on the insurance company you use. Travelers offers the most affordable renters insurance policies in Arkansas — just $167 per year. This compares favorably to the state mean rate of $200, offering a 17% price cut on rates typical to the state.
Start your search for renters insurance by viewing average rates from top Arkansas insurance companies, listed below.
AFFORDABLE RENTERS INSURANCE COMPANIES IN ARKANSAS
|Average Annual Rate in Arkansas
Renters insurance rates in Arkansas differ by city. Policy pricing depends on city-specific variables, including the number of local claims filed, giving your ZIP code weight in deciding how much you pay.
The cheapest renters insurance in Arkansas is found in Fayetteville. In Fayetteville, the typical renters insurance policy costs $177 per year — $50 less than the average Arkansas rate. Reference the below table to see the cheapest cities in Arkansas for renters insurance.
CHEAPEST CITIES FOR RENTERS INSURANCE IN ARKANSAS
|Average Annual Renters Insurance Rate
Your renters insurance rates will vary depending on the amount of coverage you purchase. Two of the most common levels of renters insurance coverage are $25,000 and $50,000. In Arkansas, the annual cost differential between these options is approximately $72. If you can afford to insure your personal property at this additional expense, purchasing more coverage might not be a bad idea.
|Average Annual Renters Insurance Rate in Arkansas
If you want to save on insurance, consider purchasing your renters and car insurance policies from the same company. Bundling auto and renters insurance in Arkansas can save you a substantial sum each month on auto insurance. In fact, bundling policies in Arkansas leads to a yearly savings of $102.
CAR AND RENTERS BUNDLING DISCOUNTS IN ARKANSAS
|Avg. Annual Rate (No Bundle)
|Avg. Annual Rate (w/ Bundle)
|Annual Savings ($)
|Annual Savings (%)
Is renters insurance required in Arkansas?
Renters insurance is a good idea -- but not legally required -- because it protects your personal belongings ans your liability. If your lease requires you carry renters insurance, then you will need it.
What does Arkansas renters insurance cover?
You have some flexibility with your provider, but most renters policies in Arkansas will cover your contents, your liability, your medical payments to others, and your additional living expenses.
About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.