Sherwood, AR Car Insurance

Sherwood drivers pay, on average, around $74 a month for their car insurance. To learn more about car insurance rates in the Sherwood area, read our guide below.
Map of cities where drivers can find cheaper car insurance
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How much can residents of Sherwood expect to pay for their car insurance? How does Sherwood stack up to the rest of the area, or even Arkansas as a whole? You can see the cost breakdowns and contributing factors in the charts and writeups below:

How much is car insurance in Sherwood?

Area Average Monthly Car Insurance Premium
Sherwood$74
AR$64
United States$81

Looking at the chart above, you can see that it is around $10 a month more expensive to insure your vehicle in Sherwood than it is in the rest of Arkansas.

However, the expected monthly payments for an auto insurance policy in Sherwood are below the national average. Car insurance rates for the U.S. as a whole are, on average, $7 more expensive than the rates you'd pay in Sherwood.

Keep in mind that these are the average auto insurance rates for Sherwood, and that the rate you get could end up being something different. Insurance companies take an array of factors into consideration when determining how much to charge you for your car insurance. The monthly premium you'll see each month is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.

We've done the heavy lifting for you and broken down the average rate for Sherwood so that you can get a more accurate idea of what your policy will cost you. If you think you might be overpaying for insurance in your area, enter your ZIP below and find out!


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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$105
25-34$70
35-44$64
45-54$60
55-64$64
65+$50

It would make sense that older drivers have more driving experience, right? That experience can lead to some serious savings when it comes to car insurance bills. In this case, 18-24-year-olds pay two times the price that drivers 65 and older.

As you get older, you can expect to see a drop in your monthly premium every 10 years. That said, once you hit retirement, your rates may begin to go back up in Sherwood.

Average Car Insurance Rates by Gender

Gender Average
Male$77
Female$70

On average, female drivers pay slightly less for car insurance than their male counterparts. The difference in average rates in Sherwood totals about $7 a month. Based on the chart above, you can see that female drivers pay around $70 on average, while male drivers typically pay $77 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$105
Multiple Accidents$97
1 Ticket$79
Multiple Tickets$93

Your driving record can have a tremendous impact on your car insurance rates. Those with fewer accidents and tickets will pay significantly less than those with multiple infractions, while those with clean driving records will obviously pay the least. In Sherwood, having a single accident on your record will usually get you rates around $105 a month. In addition, drivers with one ticket can expect to pay around $79 a month on average.

Regardless of where you live, accidents, tickets, and other driving infractions can greatly increase your premium. So, if cheap car insurance is something you're after, drive safely and keep a clean record.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$114
2-3 Years$87
4-5 Years$86
6-7 Years$72
8-10 Years$77
11-14 Years$68
15 Years or Older$72

In terms of affordable coverage, the cheapest vehicles to insure in Sherwood are typically SUVs, at $72 per month.

Truck and van drivers will see rates of about $83, while the rates for car owners average out to about $73 per month.

Depending on how old your vehicle is, you can also expect to see slightly different rates. Generally, newer vehicles are going to be the most expensive to insure. However, once your car is a few years old, you may start to see your monthly premium decrease. In Sherwood, the most expensive vehicles to insure are vehicles less than one year old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$77
Married$62
Divorced$72
Widowed$40

Generally speaking, those who are currently married will pay slightly less to insure their vehicle. This can usually be attributed to their policies having multiple vehicles, a factor many companies award special discounts for.

At a national level, single drivers usually pay more than married couples do for auto insurance. Sherwood follows that pattern, with the difference totaling to around $15 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$63
Rent$77
Live with parents$77

One other element taken into consideration is your housing situation. Renters can expect to pay around $14 a month more than those who own their own home in Sherwood. Those who live with their parents, however, can expect to pay a lot more.

If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your overall costs, depending on your insurance company.

Car Insurance Companies in Sherwood, AR

Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before choosing an insurance policy.

In Sherwood, auto insurance rates had been increasing from 2017-2018, when they reached a high of $88. This leveled out in 2021, when rates began to decrease. This trend has continued through the present, where rates recently hit $73.

How does Sherwood compare to neighboring areas?

Why are car insurance rates in Sherwood different from other areas?

Car insurance companies will consider several factors when trying to decide how much to charge for a policy. While we've discussed the ones that affect your personal policy, others are based around where you live and drive. These include things like:

  • Off-street parking availability
  • Laws
  • Crime rates
  • Total amount of drivers in the area
  • General road safety (how many accidents each locality has)

An awareness of these factors is important when thinking about buying a new policy or potentially moving to a new home. With the knowledge that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.

How can I find the cheapest car insurance in Sherwood?

Arming yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.

But hold on! Compare.com does all of that work for you. Just put in your ZIP Code below, answer a few questions related to the factors we outlined above, and you'll be comparing the cheapest quotes from many of the car insurance companies offering policies in Sherwood.


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Sherwood Insurance FAQs

What factors affect car insurance quotes in Sherwood?

The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your age and gender, but also factors like your vehicle's make and model, year, driving record, credit score, as well as your marital status and address.

Why is the cost of car insurance in Sherwood different from other neighboring cities?

Things like crime rates, local laws, and parking situations, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.

Which car insurance company will offer me the cheapest rate in Sherwood?

There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.

Do I need to change my insurance if I move to Sherwood?

Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good to use services like Compare.com to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Sherwood or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.

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