Little Rock Homeowners Insurance

Your Complete Guide to Little Rock, AR, Homeowners Insurance

(How to find the best policy for you)

Little Rock Arkansas homeowners insurance

Little Rock, AR, is centrally located on the Arkansas River and is the state’s capital and the seat of Pulaski County. Little Rock is also the state's cultural, economic, and historic hub. In fact, the city is a major link between markets in the southwest, as well as in the southeast.

Little Rock is positioned between the Ouachita Mountains and the Mississippi River valley. The city experiences mild winters with intervals of cold weather, as cold air flows from the north, converging with the moist Gulf air, and hot, humid summers.

It does not matter whether you are an established resident of Little Rock, or you recently relocated here for a new assignment. If you have just bought a new home, you will need a reliable homeowners insurance policy.

Independent insurance agents can help you to find the best and most reasonably priced insurance coverage for your Little Rock, AR, home. Find an independent insurance agent near you to learn more, and you can shortly start assessing customized homeowners insurance quotes from a selection of highly regarded insurance agents.

How Much Does Homeowners Insurance Cost in Little Rock, AR?

The average price of homeowners insurance in Arkansas is slightly higher than the national average, which is why it is important to shop around and compare rates.

  • National average yearly premium: $1,211
  • Arkansas average yearly premium: $1,373

Clearly, averages can only give you a ballpark idea of the expected costs of annual homeowners insurance. Homeowners insurance rates can vary from one homeowner to another. This occurs because rates are calculated according to several factors including the following:  

  • The crime rate and weather risks in your area
  • The age, cost, and size of your home
  • Your credit score and claims history
  • The type of home you are insuring
  • The number of stories in your home
  • If you are bundling your coverage with another policy such as car insurance or life insurance

Assessing car insurance rates allows you to select the homeowners policy offering the best homeowners insurance coverage at the most economical price. Independent insurance agents in Little Rock, AR, make comparison shopping easy.

Does Little Rock, AR, Homeowners Insurance Cover against Catastrophic Events?

Your homeowners insurance policy is created to safeguard you against many of the risks you may face as a homeowner in Little Rock, AR, which includes a wide range of catastrophic events such as severe storms and lightning damage.

You should make sure you are able to repair or rebuild your home by setting your insurance coverage requirements high enough in the event of a disaster.

Catastrophic events in Arkansas:

  • Number of federally declared disasters in AR: 78 since 1953
  • Most common reasons for disasters in AR: Severe storms and lightning damage
  • Average number of tornadoes per year in AR: 39

Residents of Little Rock, AR, are most at risk for damage caused by burglary, property crimes, severe storms, lightning damage, floods, flood damage, tornadoes, severe ice storms, and freezing rain. Fortunately, these dangers are all covered by most homeowners insurance policies. Though it is essential to understand that flood damage is not covered by homeowners insurance. This is true even if the flood is the direct result of a covered storm.

Citizens near waterways such as the Arkansas River are most at risk for flood damage, but flash flooding can occur just about anywhere. Incidentally, an independent insurance agent can help you to boost your coverage with a flood insurance policy.

Talk to your independent insurance agent for assistance in guaranteeing that your home is properly covered.

Why Does My Little Rock, AR, Home Need Personal Liability Insurance?

Lawsuits take place all the time, which can become very pricey, and your homeowners insurance can protect you with personal liability coverage.

Homeowners insurance is aimed at covering the various expenses you may accrue if you are liable for damage you caused in a covered event. A few instances in which personal liability coverage may protect you include the following:

  • Your child blows up the neighbor’s grill attempting a chemistry experiment.
  • Your husband attempted an amateur plumbing job and caused the hot water heater to explode and damage several parked cars.
  • Your goose swallowed your diamond ring, and you were unable to recover it from its rear end.
  • Your dog accidentally dipped his tail in an open can of paint and then proceeded to shake and wag paint drippings all over the house!

An independent insurance agent in Little Rock can explain your homeowners liability coverage in better detail.

If you need to enhance your homeowners insurance with higher liability limits than your current homeowners insurance policy allows, your agent can also assist you in obtaining a reasonably priced umbrella insurance policy. Umbrella insurance is an economical way to boost all your liability coverage requirements.

Does Homeowners Insurance Cover against Burglaries in Little Rock, AR?

The 2018 crime rate in Little Rock, AR is 725.3 per 100,000 people, which is 2.6 times higher than the US average. In the last five years, Little Rock has seen increasing violent crime and decreasing property crime.

The burglary rate in AR and in Little Rock, in particular, is much higher than the national average, which also means you'll be paying a higher rate of homeowners insurance.

  • Number of burglaries per 100,000 homes in the US: 376
  • Number of burglaries per 100,000 homes in AR: 636.8
  • Number of burglaries per 100,000 homes in Little Rock: 1,043

Being the victim of a break-in is distressing enough. If your Little Rock, AR, home is broken into, you may find some reassurance in knowing your homeowners insurance provides compensation for your damage, as well as for any other property damage the robbers may have done to your home. Home security systems are among the most effective theft deterrence devices around, and many insurance firms offer reductions to customers who have security systems installed in their homes.

An independent insurance agent can assist you in finding all the potential discounts for which you may qualify.

Does Homeowners Insurance Cover a Second Home or Vacation Home in Little Rock, AR?

Whether you own a vacation home or you have a lodge nearby that you rent to older couples, if you're among the Little Rock, AR, residents who own more than one home, you will want to cover all your homes with a suitable homeowners insurance policy.

If you do not permanently live in your second home or vacation property, you often have additional threats that insurance firms may take into account, which means that specific insurance products may be necessary. 

  • Second homes occupied by renters have a higher liability and property damage risks. These houses require particular coverage options offered by landlord insurance.
  • Vacation homes left vacant for long stretches have a heightened risk of burglaries and property damage. Vacant home insurance may be required while the house is unoccupied.

An independent insurance agent can help you assess the coverage you need for all your residential properties and help you to find the most affordable policies to insure them.

Why Work with an Independent Insurance Agent in Little Rock, AR?

The easiest way to find a good homeowners policy is to work with an independent insurance agent. These specialists work for you, not for a specific insurance firm. This ensures that you are getting reliable advice for the homeowners insurance coverage options you need for your Little Rock, AR, home.

Independent insurance agents in Little Rock, AR, are eager to help. Contact an independent insurance agent near you to begin evaluating personalized homeowners insurance quotes.

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