Car Insurance in Little Rock, AR
Experts break down auto insurance costs, coverages, companies, and more in Little Rock, AR.
From major crashes on Interstate 30 to fender benders on W. Markham Street, even the best drivers can sometimes be involved in accidents. That is why if you own a vehicle in Little Rock, you are required to have car insurance. A good policy can ensure that being in a crash will not cause you large financial losses.
Local independent agents are available to answer your insurance-related questions and help you find the coverage you want at a competitive price. When you’re ready to start comparing a selection of customized car insurance quotes, contact an independent insurance agent near you.
How Much Does Car Insurance Cost in Little Rock, AR?
On average, drivers in Arkansas pay less for car insurance than the national average rate. However, in Little Rock, rates tend to be higher than the rest of the state. This may be due in part to higher car accident and auto theft rates. Additionally, residents in this area may be choosing to purchase more comprehensive policies.
- National average annual car insurance cost: $1,311
- Arkansas average annual car insurance cost: $1,239
- Little Rock average annual car insurance cost: $1,614
Car insurance costs can vary significantly from one driver to the next. This is because insurance companies calculate rates individually according to several factors such as:
- The year, make, and model of the vehicle(s) you are insuring
- Your age, occupation, driving record, and credit score
- Information about other licensed drivers in your household
- Whether you own or rent your home
- The amount of liability insurance you are buying
- Which, if any, coverage options you are including in your policy
- Whether you opt for paperless billing and payments
If you are buying your car insurance from the same insurance company that provides some of your other coverage, like your home insurance or renters insurance policy, this is called bundling. Bundling coverage often results in significant car insurance discounts.
In Arkansas, all car insurance companies must offer a College Graduate Discount, and a Defensive Driver Discount for drivers over 55 who have successfully completed an approved defensive driving course. Additionally, you may be entitled to other discounts such as:
A good insurance agent will make sure that you are receiving any potential cost savings for which you qualify.
Why Compare Car Insurance Quotes in Little Rock, AR?
Every insurance company has its own way of assigning rates. This means that while one insurer may offer the best price to your neighbor, a different insurance company may offer better rates to you.
In a city where car insurance rates tend to be on the high side, comparing costs from a few different insurance carriers has the potential to save you hundreds of dollars a year. Independent insurance agents make it easy to obtain and compare a selection of customized car insurance rates.
Is Car Insurance Required in Little Rock, AR?
As a vehicle owner in Little Rock, you are required by law to carry a policy that meets or exceeds the Arkansas minimum coverage requirements.
In this state, all car insurance policies must include liability insurance. Liability insurance can cover injuries and property damage you cause to other people if you are at fault for an accident. By law your liability coverage must meet or exceed the following minimums:
- Bodily-injury liability coverage per person: $25,000
- Bodily-injury liability coverage per accident: $50,000
- Property damage liability coverage per accident: $25,000
Some vehicle owners also need to carry what is known as full coverage. Full coverage is not required by law, but it is typically required by lenders if you are financing your car and by dealerships if you are leasing it. Full coverage is designed to cover physical damage to your own vehicle. It includes:
- Collision insurance: This pays to repair or replace your vehicle if it is damaged or totaled in a collision, regardless of fault.
- Comprehensive insurance: This pays to repair or replace your vehicle if it is damaged or lost due to a non-collision hazard such as a tornado.
If you own your vehicle outright, full coverage is optional.
Save on Car Insurance
Our independent agents shop around to find you the best coverage.
What Else Does Little Rock, AR Car Insurance Cover?
All car insurance companies in Arkansas are required to offer the following two coverage options. To opt out of them, you must do so in writing:
- Uninsured and underinsured motorist insurance: This can cover the costs associated with injuries sustained by you and your passengers if you are in a collision caused by an uninsured or underinsured driver.
- Personal injury protection: This can cover the cost of medical treatment, lost wages, and even death benefits if you or your passengers are injured in a collision, regardless of fault.
Some of the other options you are likely to be offered include:
- Towing and roadside assistance: This can cover the cost of assistance if your vehicle becomes disabled while you are out on the road, such as if you get a flat tire or run out of gas.
- Gap insurance: This is usually a good idea in the first year or two of new car ownership. It can pay off your car loan if your vehicle is totaled in a covered event but you still owe more for your car than it is worth.
- Rental reimbursement coverage: This can cover the cost of renting a car while your own vehicle is being repaired following a covered event.
It is a good idea to review the details of all offered coverage options as well as their costs. That way, you can best decide which options are a good value for you and your family.
What Is the Penalty for Driving without Car Insurance in Little Rock, AR?
Driving without insurance in Arkansas is illegal. If caught, uninsured drivers can face fines ranging from $50 to $1,000, suspension of their vehicle’s registration, suspension of their driving privileges, and, for repeat offenders, possible jail time of up to one year.
Despite these penalties, a large percentage of drivers in this state are operating uninsured vehicles.
- Percentage of US drivers who are uninsured: 13.0%
- Percentage of Arkansas drivers who are uninsured: 16.6%
If your car insurance policy includes uninsured motorist insurance, you can rest assured that if you are injured in a collision caused by an uninsured driver, you will have the coverage you need to handle medical costs without the need to go through lengthy legal channels to collect it.
How High Is the Auto Theft Rate in Little Rock, AR?
Although the auto theft rate in Arkansas is only slightly higher than the national average, in Little Rock, the risk is more than doubled. Residents of this city report around 1,000 auto thefts a year.
- National auto theft rate per 1,000 people: 2.29
- Arkansas auto theft rate per 1,000 people: 2.38
- Little Rock auto theft rate per 1,000 people: 5.39
As a resident of Little Rock, it is important to know that you can only be reimbursed for a stolen car if your auto insurance policy includes comprehensive coverage. This insurance covers a wide range of non-collision-related loss and damage.
If you are leasing or financing your vehicle, chances are good that you have comprehensive coverage already. If not, you may want to ask how much it would cost for you to add it to your Little Rock car insurance policy.
What Are the Best Car Insurance Companies in Little Rock, Arkansas?
Things that make a car insurance company stand out include responsive customer service, reliable coverage, and affordable rates.
Independent insurance agents have teamed up with some of the best car insurance companies in Arkansas. This lets you be certain that any policies recommended by your agent are being offered by companies you can count on if you need to file a claim.
How Can an Independent Agent Help Me Find the Best Car Insurance Policy in Little Rock, AR?
Independent agents take the guesswork out of finding the right car insurance policy. These agents are available to explain your various coverage options, answer your coverage-related questions, and help you compare rates from a selection of competing providers.
It doesn’t cost anything to work with these experienced insurance professionals. Find an independent insurance agent near you to learn more and to start comparing customized car insurance quotes.
TrustedChoice.com Article | Reviewed by Jeffrey Green
©2023, Consumer Agent Portal, LLC. All rights reserved.