Best and Cheapest Home Insurance Companies in Arkansas (2025)
State Farm has the cheapest home insurance in Arkansas, at $2,270 per year. | ||
Farmers has the best extra protection in AK, at $2,848 per year. | ||
USAA is the best for military families in Arkansas, at $3,002 per year. |
Compare Home Insurance Quotes in Arkansas
Best Cheap Home Insurance in Arkansas
ValuePenguin collected thousands of quotes across hundreds of ZIP codes from top home insurance companies in Arkansas.
Our experts compared cost, customer service, reliability and coverage benefits to find the best insurance companies in the state.
Cheapest home insurance in Arkansas
State Farm offers the cheapest homeowners quotes in Arkansas, with an average rate of $2,270 per year. That's 30% less expensive than the average price among home insurance companies in Arkansas for $350,000 of dwelling coverage.
Compare Home Insurance Quotes from Providers in Arkansas
Home insurance in Arkansas is 50% more expensive than the average cost of home insurance nationwide, which is $2,151 per year.
Cheapest home insurance companies in Arkansas by dwelling coverage amount
What home insurance do I need in AR?
The most common types of storms in Arkansas are tornadoes and rainstorms.
Home insurance generally covers damage to your home from wind and hail. However, flooding is not covered by home insurance, so you'll need to buy a separate flood insurance policy if you live in a flood-prone area.
Best home insurance in Arkansas for most people: State Farm
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Editor's rating
- Cost: $2,270/yr
State Farm has the cheapest rates across Arkansas, plus dependable customer service.
Pros:
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Cheapest quotes in AR
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Reliable customer service
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Cheap auto rates if you bundle
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Lots of local agents
Cons:
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Few coverage options and discounts
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Usually need an agent to buy a policy
Home insurance from State Farm costs 30% less than the average rate in Arkansas.
State Farm is a dependable, longstanding home insurer. It earned above-average scores on J.D. Power's insurance customer surveys. State Farm also gets fewer complaints than other major insurance companies, according to the National Association of Insurance Commissioners (NAIC). That makes State Farm a safe choice for most homeowners.
State Farm is also a great choice for bundling your home and auto insurance. It's one of the cheapest car insurance companies in Arkansas, and offers a generous discount for combining your policies.
One drawback of State Farm is that it doesn't offer many extra coverage options beyond the basics. You'll need to look elsewhere if you need something like an umbrella policy or protection for your landscaping.
Best home insurance coverage options in AR: Farmers
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Editor's rating
- Cost: $2,848/yr
Farmers has lots of coverage options, alongside cheaper than average rates for Arkansas homeowners.
Pros:
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Lots of coverage options
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Affordable home insurance rates
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Plentiful discounts
Cons:
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Poorly-rated customer service
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Subpar option for bundling with car insurance
Farmers has robust coverage options for people who need home insurance that goes beyond the basics.
Home insurance at Farmers is affordable, too. Its average price for $350,000 of coverage is 12% less than the state average.
Farmers home insurance policies can include guaranteed replacement cost coverage, up to 50% beyond its normal value. That means if something unexpectedly drives up the cost of a repair, your policy will cover the extra cost. For example, if a tornado passes through your city and drives up the cost of building materials, your policy will pay the higher price.
And if your roof is damaged by a storm, Farmers' FORTIFIED roof upgrade coverage will pay for you to improve your roof, not just replace it with an equivalent one.
However, Farmers' customer service is poorly rated. It receives 68% more complaints than a typical home insurance company, suggesting customers are more likely to be unhappy with the service they receive. It also performed slightly below average in J.D. Power's annual customer satisfaction survey.
Best for Arkansas mobile homes: Foremost
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Editor's rating
Mobile home owners in Arkansas should look at Foremost.
Pros:
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Great coverage options for mobile homes
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Positive customer reviews
Cons:
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No online quotes
Foremost is a good option to cover mobile homes, which are common in Arkansas.
The company has well-rated customer service as well as coverage options that are hard to get for mobile homes. It gets 32% fewer complaints than similar companies. Foremost is owned by Farmers, a longstanding and dependable insurance company.
One of Foremost's best benefits is extended replacement cost coverage, meaning that if your mobile home is destroyed, you may be eligible to get up to 20% above the value of your policy limit. This endorsement also replaces damaged items without considering depreciation, a rare benefit for mobile home insurance.
One downside to Foremost is that it doesn't offer instant online quotes. You can apply online, though, and an agent will email you a quote within 24 hours.
Best for military families in Arkansas: USAA
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Editor's rating
- Cost: $3,002/yr
USAA is a dependable home insurance company available only to people with military connections.
Pros:
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Excellent customer service
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Personal property coverage for military-issued gear
Cons:
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Only available to active service members, dependents and veterans
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Mediocre rates for home insurance
USAA's customer service is top-notch, if you qualify.
For members of the military and their families, USAA home insurance is a strong option to consider. USAA receives 64% fewer complaints than a typical home insurance company. That means customers are generally happy with the service they get from USAA. It's also the best-rated insurance company in the country according to J.D. Power's homeowners insurance satisfaction survey.
Since it was founded specifically to meet the needs of members of the armed forces, USAA has some coverage benefits that may make it especially appealing to servicemembers. For example, USAA's personal property coverages apply worldwide, even in war zones. Most home insurance policies exclude war zones. Plus, if your uniform or military-issued equipment is lost, stolen or damaged while on active or reserve duty, USAA will waive your deductible if you need to make a claim.
The price of home insurance at USAA is cheaper than average, but not by much. It's 7% less than the state average for a $350,000 policy. However, if you need higher levels of coverage, you may find a better deal. USAA's price for $1 million of coverage is 23% less than the state average.
The biggest downside to USAA is that it's only available to certain people. You can only buy a home insurance policy from USAA if you have served in the military or if you're the direct family member of a military or USAA member.
Average home insurance cost in Arkansas
The average cost of homeowners insurance in Arkansas is $3,235 per year.
That's one and a half times as expensive than the national average of $2,151 per year.
Average cost of home insurance in AR by dwelling coverage amount
Dwelling coverage | Annual cost |
|---|---|
| $200,000 | $2,198 |
| $350,000 | $3,235 |
| $500,000 | $4,312 |
| $1,000,000 | $7,475 |
Homeowners insurance in Arkansas is about average compared to its neighboring states. Missouri and Mississippi are slightly cheaper, at around $3,000 per year. But Oklahoma, where a typical policy costs $4,799 per year, is almost twice as much as Arkansas.
Arkansas home insurance rates by city
Cammack Village is the cheapest city for home insurance in Arkansas. This small town near Little Rock has an average rate of $2,845 per year.
Guion, a small town near Arkansas' northern border, is the most expensive city for home insurance, with an average rate of $3,766 per year, which is 16% above the state annual average. A high tornado risk is likely the reason behind the town's higher home insurance rates.
City | Annual rate | % from avg |
|---|---|---|
| Adona | $3,259 | 1% |
| Alexander | $3,188 | -1% |
| Alicia | $2,921 | -10% |
| Alix | $3,372 | 4% |
| Alleene | $3,573 | 10% |
Rates are for a policy with $350,000 of dwelling coverage.
Best-rated homeowners insurance companies in Arkansas
State Farm and USAA are the best-rated home insurance companies in Arkansas.
State Farm has lots of local offices around Arkansas, and the company receives positive reviews from its customers.
USAA also gets good ratings; however, it is online-only, and you must be affiliated with the military to buy a policy.
Company |
Rating
|
Complaints
|
|---|---|---|
| USAA | Low | |
| State Farm | Average | |
| Farm Bureau | Low | |
| Shelter | Average | |
| Nationwide | Low |
When shopping for the best homeowners insurance in Arkansas, it's important to consider customer service reviews, along with price.
Excellent customer service will make your life much easier if you need to fix or replace your home or belongings after damage. On the other hand, poor service could make it take longer to fix your home and replace your stuff. Or you could end up spending more money on repairs.
What home insurance do I need in Arkansas?
The most common natural risk in Arkansas is tornadoes, so it's important to have a policy that covers windstorm damage.
As a southern state, Arkansas' most common home insurance perils are from tornadoes and other seasonal storms. For example, Arkansas is among the more tornado-prone states in the U.S., with 41 tornadoes in the state in 2021. For the most part, the damage these storms can do to your home is covered by standard home insurance, with one major exception: flooding.
Is wind damage covered by AR homeowners insurance?
Wind damage is a common cause of homeowners insurance claims in Arkansas, and, fortunately, it's almost always covered by homeowners insurance. Wind damage is one of the named insurance perils that appears on the majority of insurance policies. This is true whether the wind damages your home directly, such as by tearing shingles off your roof, or if it causes damage indirectly by knocking a tree onto your house.
Is flood damage covered by homeowners insurance?
Flood damage is an increasing concern for Arkansas homeowners, especially those who live near a major river.
Unfortunately, flooding is almost never covered by standard homeowners insurance. If your home is at risk of flooding, you'll need to buy a separate flood insurance policy to protect your property. Homeowners in high-risk areas may be required to buy a policy in order to qualify for a mortgage.
There are two main types of flood insurance: policies sold through the National Flood Insurance Program (NFIP), which are backed by the federal government, and private policies sold and backed by insurance companies.
The main benefit of NFIP-backed flood insurance is that nearly anyone can buy a policy, regardless of how likely your home is to flood. However, there's a strict waiting period of 30 days, and you can only buy up to $250,000 of dwelling coverage.
Private insurance policies offer more flexibility when it comes to coverage limits and waiting periods, but homes at high risk of flood damage may be denied coverage.
How to get cheaper home insurance in Arkansas
There are three main ways to get cheaper home insurance in Arkansas: compare quotes, qualify for discounts and change your coverage.
Shopping for rates from multiple companies is the best way to lower your home insurance payments.
There's a difference of $1,842 per year between the cheapest and most expensive home insurance companies in Arkansas. And rates change every year, so it's a smart idea to shop around regularly.
Most home insurance companies offer at least a few discounts to help you save on home insurance.
The best common discount is to bundle your home insurance with a cheap auto insurance policy in Arkansas. Some companies also offer discounts for military members, government employees or retirees.
You can also lower your home insurance rates by raising your deductible or lowering your coverage limits.
A higher deductible means the insurance company will pay you less money to fix your damaged home. It's important to choose a deductible you can easily pay in an emergency.
You can also adjust your coverage limits and get rid of extra coverages you may not need. However, make sure your limits are high enough to cover the cost of rebuilding your home and replacing your belongings if you have a major accident.
Cost of Arkansas home insurance over time
Home insurance rates in Arkansas are up 45.3% over the last six years.
The most significant rate increase over the last six years was from Progressive, at 100.4%. Liberty Mutual trailed with a 78.9% increase.
Home insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
Frequently asked questions
How much is homeowners insurance in Arkansas?
The average cost of homeowners insurance in Arkansas is $3,235 per year, or $270 per month. That's 50% higher than the national average of $2,151 per year.
Who has the cheapest homeowners insurance in Arkansas?
State Farm offers the cheapest home insurance in Arkansas. The company’s average rate of $2,270 per year is 44% cheaper than the state average.
Who has the best homeowners insurance in Arkansas?
State Farm is a top option for home insurance in Arkansas. The company combines affordable rates with excellent customer satisfaction reviews and lots of discounts.
Methodology
To find the best homeowners insurance in Arkansas, ValuePenguin collected quotes from the top companies across every residential ZIP code in the state. Rates are for a 45-year-old married man with no prior insurance claims.
Quotes include the following coverage limits:
- Dwelling coverage: $200,000, $350,000, $500,000 or $1 million
- Personal liability: $100,000
- Medical payments: $5,000
- Deductible: $1,000
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. Quadrant's rates were publicly sourced from insurer filings and should only be used for comparative purposes.
Home insurance ratings are based on complaint data from the National Association of Insurance Commissioners (NAIC), the J.D. Power customer satisfaction survey, and ValuePenguin's ratings.
About the Author
Lead Writer
Matt Timmons is a Lead Writer on the insurance team at ValuePenguin, where he writes in-depth and timely pieces helping find the right coverage for them.
He's covered insurance at ValuePenguin since 2018, specializing in auto and home insurance, as well as life insurance. He's paid special attention to the EV insurance market, where prices are much higher than for gas cars.
Before he started writing about personal finance, Matt wrote about professional skills and online tools at an e-learning company.
How insurance helped Matt
During freshman orientation in college, Matt's iPod was stolen off his table while he was eating lunch. Luckily, he'd bought a college insurance plan the day before and he had money to buy a replacement before classes started.
Expertise
- Auto insurance
- Home insurance
- Insurance rate analysis
- Life insurance
Referenced by
- CNBC
- Miami Herald
- Yahoo! Finance
Education
- BA, Wesleyan University
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
