- Arkansas Homeowners Insurance
- Who has the Best Arkansas Homeowners Insurance Rates?
- What is the cheapest insurance company for homeowners?
- Arkansas Homeowners Insurance- Cheapest Homeowners rates
- The Best Bundling Options for Your Arkansas Homeowners Insurance
- Arkansas Homeowners Insurance- Discounts available
- Arkansas Homeowners Insurance Rating factors
- Average Cost for Arkansas Homeowners Insurance
- AM BEST Company Ratings for Arkansas Homeowners Insurance Companies
- Which companies offer Homeowners in Arkansas?
- What is the most frequent homeowners insurance claims in Arkansas?
- Arkansas Homeowners Insurance: Frequently Asked Questions
- What does Arkansas Homeowners Insurance cover?
- How can I customize my Arkansas Homeowners Insurance policy?
- Need assistance? How can I contact you?
- Additional Helpful Links for Arkansas Insurance
Who has the Best Arkansas Homeowners Insurance Rates?
Here you will be able to see the companies that offer the lowest rates on Homeowners Insurance in Arkansas.
However, it is good to keep in mind that even though certain companies, such as Progressive, are ranking lower on the list, insurance rates vary tremendously from person to person. So while MetLife is ranking high, you might find that their rates for YOU are higher than average!
It is best to compare multiple quotes with as many companies as you can. It is the only way to make sure you are not overpaying on your Arkansas homeowners insurance.
Homeowners Insurance Co. | Rank |
---|---|
MetLife Inc. | 1 |
Hartford | 2 |
American International | 3 |
Nationwide | 4 |
American Family | 5 |
USAA | 6 |
Progressive | 7 |
Farmers Insurance | 8 |
Chubb | 9 |
What is the cheapest insurance company for homeowners?
When searching for Arkansas Homeowners Insurance, it’s essential to find the most affordable option without sacrificing coverage. Among the insurance companies we work with, rates for homeowners insurance in Arkansas can vary based on factors like your home’s location, size, construction type, and coverage needs. However, based on recent comparisons, Allstate and State Farm tend to offer competitive rates for homeowners insurance in Arkansas. By obtaining quotes from multiple insurers and comparing their coverage options and premiums, you can find the best policy that meets your budget and protects your home adequately.
List of Factors Affecting Homeowners Insurance Rates:
- Home’s location
- Home’s size and construction type
- Coverage needs
- Insurance company policies and discounts
Here’s a simplified comparison of average annual premiums for homeowners insurance across different insurance providers:
Insurance Company | Average Annual Premium |
---|---|
Allstate | $1,000 – $1,500 |
State Farm | $900 – $1,400 |
Progressive | $1,200 – $1,800 |
Arkansas Homeowners Insurance- Cheapest Homeowners rates
When buying a home, it’s best to compare different cities and their Arkansas homeowners insurance rates because rates vary per zip code. By doing so you’ll know you’re getting the best deal and, more importantly, value for your property.
Why do insurance prices vary for each city?
Factors such as high wind areas, flood areas, natural disasters, and the distance you are from the nearest fire department, can all signal how much of a risk you are to the underwriting department in each insurance company.
In high wind areas, this tends to leave homeowners with damages to their roofs, resulting in a higher amount of insurance claims.
The distance you are from a fire department or if you are in a high fire score area will also be a factor used to determine your home insurance premiums. The further from a fire department, or if you are in a high brush score area, the more the cost for insurance may be.
City in Arkansas | Best Homeowners Insurance Company |
---|---|
Maumelle | Progressive (ASI) |
Helena-West Helena | Progressive (ASI) |
Bryant | Progressive (ASI) |
De Queen | Chub |
Greenbrier | Chub |
Clarksville | Travelers |
Newport | Chub |
Sherwood | Travelers |
Fort Smith | Farmers |
Searcy | Amica |
Stuttgart | Allstate |
Rogers | Travelers |
Cabot | Progressive (ASI) |
Mena | USAA |
Heber Springs and Farmington | Farmers |
Texarkana | Farmers |
Siloam Springs | USAA |
Berryville | Progressive (ASI) |
Conway | USAA |
Wynne | Progressive (ASI) |
Rockwell | Progressive |
Jonesboro | Farmers |
Hot Springs Village | Allstate |
North Little Rock | Progressive |
Trumann | Liberty Mutual |
Magnolia | Liberty Mutual |
Hope | Farmers |
White Hall | State Farm |
Camden | American Family |
Pea Ridge | Liberty Mutual |
Greenwood | Progressive |
Batesville | Liberty Mutual |
Lowell | American Family |
Hot Springs | NationWide |
Little Rock | Farmers |
Vilonia | American Family |
Crossett | Progressive (ASI) |
Forrest City | Farmers |
Paragould | Liberty Mutual |
El Dorado | Travelers |
Morrilton | Travelers |
Van Buren | Travelers |
Beebe | NationWide |
Gibson | Travelers |
Centerton | Travelers |
Benton | Progressive (ASI) |
Springdale | Liberty Mutual |
Monticello | Progressive |
Walnut Ridge | American Family |
Mountain Home | American Family |
Pocahontas | Liberty Mutual |
East End | Progressive (ASI) |
Blytheville | State Farm |
Cherokee Village | Chub |
Russellville | State Farm |
Ward | Progressive |
West Memphis | Travelers |
Haskell | Progressive (ASI) |
Bentonville | NationWide |
Malvern | Travelers |
Barling | Farmers |
Dardanelle | Allstate |
Important to Know: RCV vs. ACV and What It Means
The Best Bundling Options for Your Arkansas Homeowners Insurance
When considering bundling your insurance policies, It is always best to compare different insurers and their options. Some may not offer to bundle but a lot of insurance companies will, and with that, a discount on your insurance will follow.
You can bundle just about any product to save money on your insurance policies. Just purchased an RV or Motorhome? We can bundle that with your homeowner’s insurance. Own a vehicle or a motorcycle? Let’s bundle that up too!
By bundling, you will save money on each insurance policy which will lead to hundreds of dollars you can save throughout the year.
Arkansas Homeowners Insurance Bundling Options |
---|
Life |
Health |
RV |
ATV |
Boat |
Umbrella |
Auto |
Motorcycle |
Business |
Arkansas Homeowners Insurance- Discounts available
Who doesn’t love a good discount?! You may qualify for one or even multiple discounts when you’re a homeowner.
Some easy discounts to qualify for are a bundling discount, EFT (which means you elect to set up reoccurring payments using a routing and account number, and the Pay In Full discount which is paying the entire premium upfront. These discounts can save you a lot of money over your insurance term.
The easiest discount to qualify for is PAPERLESS! A shocking amount of people are still not utilizing this discount, but as long as you have a valid email address, you qualify. It saves a nice chunk on your premium too.
Other discounts available are home features, such as having a smoke detector, a home monitor system, and auto water shutoff/leak detection. All of these safety features could help prevent a fire or flood.
Make sure to seek out other discount options from different insurers. We have a list below of discount options.
Arkansas Homeowners Insurance Discount Opportunities! |
---|
Upgraded plumbing |
EFT |
Upgraded Wiring |
Smoke detector (monitored) |
Home monitoring / Burglar |
Non-smoking discount |
Upgraded roof |
Bundling Multiple Policies |
Auto water shut-off or leak detection |
Paid in full |
Arkansas Homeowners Insurance Rating factors
There can be many different factors that affect homeowner’s rates. Where you live, your credit history, your home’s age and condition, or even the price of your home and the cost to rebuild.
Many Insurance companies will not insure a home with a trampoline, unfenced pool, or restricted dog breed.
Some companies have exclusion waivers for these scenarios, but many consider that too high of a liability to insure.
The number of claims and types of claims you have had in the past will also be used to determine eligibility. If a customer has had 5 theft claims in the past 2 years, that is a red flag for insurance companies, and you may be denied a policy.
A few more factors are listed below.
Homeowners Insurance Rating Factors |
---|
Home liability limits |
Deductible |
Claims |
Insurance score |
Swimming pool or hot tub |
Location |
Wood-burning stoves |
Protection Class Proximity to a fire station |
Home-based business |
Dog breed |
Roof condition |
Credit history |
Marital status |
Upgrades to Wiring plumbing |
Average Cost for Arkansas Homeowners Insurance
The average cost of Homeowners Insurance is just $77 above the national average.
With that said, It’s always best to compare as many insurance quotes as possible before acquiring insurance for your home.
There are several companies to choose from when searching for homeowners insurance. Many companies have different discounts they offer, and different coverages available. This is why it is important to get several insurance quotes before purchasing to make sure you are getting the coverage you need, for the right price. We can help you shop multiple insurance companies to save you time and hassle!
City in Arkansas | Average Annual Cost |
---|---|
Hope | $1,359.00 |
Haskell | $1,287.00 |
White Hall | $1,417.00 |
Springdale | $1,252.00 |
Rockwell | $1,355.00 |
Hot Springs | $1,233.00 |
Monticello | $1,386.00 |
Crossett | $1,203.00 |
Gibson | $1,281.00 |
Piney | $1,150.00 |
Sheridan | $1,416.00 |
Greenbrier | $1,321.00 |
Camden | $1,104.00 |
Beebe | $1,200.00 |
Greenwood | $1,329.00 |
West Memphis | $1,364.00 |
Paragould | $1,156.00 |
Jonesboro | $1,203.00 |
Bentonville | $1,192.00 |
Helena-West Helena | $1,331.00 |
Fayetteville | $1,348.00 |
Marion | $1,382.00 |
Morrilton | $1,321.00 |
Pine Bluff | $1,390.00 |
Rogers | $1,103.00 |
El Dorado | $1,339.00 |
Ward | $1,355.00 |
Heber Springs and Farmington | $1,241.00 |
Trumann | $1,404.00 |
Newport | $1,335.00 |
Berryville | $1,126.00 |
Harrison | $1,303.00 |
Bryant | $1,128.00 |
Hot Springs Village | $1,347.00 |
Cabot | $1,413.00 |
Blytheville | $1,341.00 |
Batesville | $1,412.00 |
Dardanelle | $1,342.00 |
Pocahontas | $1,333.00 |
East End | $1,185.00 |
Conway | $1,317.00 |
Malvern | $1,269.00 |
Mountain Home | $1,257.00 |
Mena | $1,234.00 |
Sherwood | $1,154.00 |
Prairie Grove | $1,288.00 |
Magnolia | $1,127.00 |
AM BEST Company Ratings for Arkansas Homeowners Insurance Companies
AM Best ratings mean a lot for an insurance company. They are the largest credit rating agency in the world, and a good score from them means that the company is reliable in its ability to pay claims and meet its financial obligations.
When looking for the best insurance for your home, It’s best to shop around, compare different insurance companies and take your time. You want to make sure at the end of the day you’re happy with your home coverage. Here’s a list below of companies to consider.
Homeowners Insurance Co. | AM BEST |
---|---|
Nationwide | A |
Chubb | A |
Progressive | A+ |
American Family | A |
MetLife | A- |
State Farm | A++ |
Travelers | A++ |
USAA | A++ |
American International | A- |
Auto-Owners Insurance | A |
Liberty Mutual | A |
Hartford Financial | A+ |
Farmers Insurance | A |
What are 2 things generally not covered in homeowners insurance?
- Any damage caused by smoke or smog from industrial or agricultural occurrences would not be covered.
- General wear and tear, insect or termite damage, and rust would also not be covered.
Which companies offer Homeowners in Arkansas?
Insurance companies offer a variety of different coverages.
Surprisingly not all insurers cover homes.
That’s why it’s always wise to, not only look into who can cover your home but what rates will be best for you. We’ve included a list of insurers below.
Insurance Company | Homeowners Offered? |
---|---|
Travelers | yes |
American Family | yes |
State Farm | yes |
Chubb | yes |
Nationwide | yes |
Auto-Owners | yes |
Farmers Insurance | yes |
Progressive | yes |
American International | yes |
Liberty Mutual | yes |
Hartford | yes |
MetLife Inc. | yes |
USAA | yes |
What is the most frequent homeowners insurance claims in Arkansas?
The frequency and types of claims can vary based on factors such as location, weather patterns, and individual circumstances. In Arkansas, some common homeowners insurance claims include:
- Wind and Hail Damage: Arkansas is prone to severe weather events, including thunderstorms and tornadoes. Wind and hail damage to roofs, windows, and siding are common reasons for homeowners insurance claims.
- Water Damage: Water damage can result from various sources, such as burst pipes, plumbing leaks, or flooding. Heavy rainfall, storms, and flash floods can also contribute to water-related claims.
- Fire Damage: While the overall fire risk may not be as high as in some other states, house fires can still occur due to various reasons, such as electrical issues, cooking accidents, or wildfires.
- Theft and Burglary: Homeowners may file claims for stolen property or damage caused during a burglary. Security measures like alarms and locks can help prevent such incidents.
- Liability Claims: Liability claims may arise if someone is injured on your property. This could include slip and fall accidents or other injuries for which you may be held responsible.
It’s essential to review your homeowners insurance policy to understand what types of coverage are included and to ensure that you have adequate protection for potential risks in your area. Additionally, insurance companies may have different claim frequencies based on their policyholders’ experiences and the specific coverages they offer.
Arkansas Homeowners Insurance: Frequently Asked Questions
What does Arkansas Homeowners Insurance cover?
Arkansas Homeowners Insurance typically covers damage to your home and personal belongings caused by perils such as fire, theft, and certain natural disasters. It may also provide liability coverage in case someone is injured on your property.
How can I customize my Arkansas Homeowners Insurance policy?
You can customize your policy by adding endorsements or riders to address specific needs. For example, you may want to add coverage for high-value items, such as jewelry or electronics, or consider additional coverage for natural disasters not included in the standard policy.
Need assistance? How can I contact you?
For personalized assistance or to get a quote, feel free to call us at 1.888.445.2793. Our dedicated team is ready to help you with your Arkansas Homeowners Insurance needs.
Additional Helpful Links for Arkansas Insurance
Auto Insurance Arkansas Guide |
SR22 Insurance Guide Arkansas |
Progressive Insurance in Arkansas |
For more information or a personalized quote, call us at 1.888.445.2793.
Last Updated on by Marlon Moss