+120 more)
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Jamie Johnson is a Kansas City-based personal finance writer who’s been writing for Compare.com since 2023. Her work has also been featured on several of the top finance and business sites in the country, including Insider, Credit Karma, Bankrate, Rocket Mortgage, Fox Business, Quicken Loans, and The Balance.
For the past seven years, she’s dedicated more than 10,000 hours of research and writing to more than 2,000 articles about personal finance topics.
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Matthew Gross is an editor at Compare.com. With a background in editing and SEO, he’s passionate about creating content that helps readers get the information they need to make more informed decisions. Prior to Compare.com, Matthew brought his user-centered approach to his work with global brands like Apple and Adobe.
Matthew graduated from Illinois State University, where he earned his bachelor’s degree in Journalism.
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Licensed property and casualty insurance agent
NPN: 21630969
MacK Korris is a licensed insurance agent who reviews and fact-checks articles for Compare.com. MacK has several years of experience reviewing and editing a variety of insurance topics, and he also holds valid insurance producer licenses in property and casualty lines from the Missouri Department of Commerce and Insurance (NPN #21630969).
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While we make money through partnerships with some of the brands we discuss in our articles, our editorial team operates 100% independently, and these partners never influence or affect the topics, reviews, ratings, or recommendations we provide. We never guarantee favorable reviews or mentions in exchange for compensation from any brands or partners, and we uphold strict editorial standards to ensure our content is always independent, truthful, and unbiased.
Homeowners insurance in Arkansas costs an average of $258 per month for $300,000 in coverage. Home insurance costs have been rising in Arkansas for several years. That’s largely due to an increase in severe weather events, like wind, hail, and hurricanes. Eight insurers have even stopped selling policies in the state due to losses on claims.[1]
Farmers is the cheapest homeowners insurance company, with rates starting at $125 per month. But your home insurance rates can vary widely based on your location, home type, and insurer.
We’ll tell you everything you need to know about the cheapest homeowners insurance companies in Arkansas, and how you can find the right coverage.
Home insurance in Arkansas tends to be more expensive than the national average due to severe weather risks, like tornadoes, flooding, and hurricanes.
State Farm, USAA, and Farmers are some of the best companies for home insurance in Arkansas.
Farmers offers the most affordable home insurance rates in Arkansas.
No single home insurance company is the best option for everyone. So it’s important to shop around and compare your options. We chose these five companies based on their average rates, discounts, coverages, and customer ratings and reviews.
Company  | Compare.com Rating | Average Monthly Premium |
|---|---|---|
| State Farm | 4.38/5 | $229 |
| USAA | 4.68/5 | $147 |
| Farmers | 3.87/5 | $186 |
| Arkansas Farm Bureau | N/A | N/A |
| Nationwide | 4.25/5 | $229 |
State Farm| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.1/5 |
|---|---|
| AM Best AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $258/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $354/mo |
State Farm accounts for 18% of all homeowners policies, making it one of the most popular home insurance companies in the U.S.[2] It has a large network of more than 19,000 agents, making it a good option if you want personalized support. Plus, it’s easy to file and monitor claims using State Farm’s highly rated mobile app.
Well-reviewed mobile app
Large network of insurance agents
Below-average J.D. Power claims satisfaction rating
Offers fewer discounts than other insurers
USAA| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4/5 |
|---|---|
| AM Best AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $211/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $279/mo |
USAA is a great choice for veterans and active-duty military members. The company offers military-specific benefits, like coverage for military equipment or uniforms. USAA also offers earthquake and water backup coverage, something not all insurers provide. That said, the company offers policies only to military members and their families.
Above-average J.D. Power claims satisfaction rating
Unique benefits for military members
Available only to veterans, military members, and their families
Limited in-person support
Farmers Insurance| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.2/5 |
|---|---|
| AM Best AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $125/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $201/mo |
Farmers is one of the best options if you want a highly customizable policy. In addition to standard coverage options, Farmers offers coverage for water backup, identity fraud, and valuable items. The company also has various discounts, including one for University of Arkansas employees.
Customizable coverage options
Wide variety of discounts available
Below-average claims satisfaction rating
Poor Trustpilot reviews
Below-average number of customer complaints
AM Best financial strength rating of A (Excellent)
Fewer coverages than larger insurers
Yearly membership required
Arkansas Farm Bureau offers coverage specifically tailored to Arkansas homeowners. You can work with a local agent who understands common risks in the state and helps you bundle your coverages to save money. The company also stands out for its personalized service and relatively few customer complaints.
Nationwide| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.2/5 |
|---|---|
| AM Best AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A+ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $233/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $349/mo |
Nationwide is one of the best options for Arkansas homeowners trying to protect their homes from natural disasters. The company offers coverage for flooding and earthquakes, which are both common problems in the state. You can also protect your property with roof replacement and water backup coverage.
Above-average J.D. Power claims satisfaction rating
Flood and earthquake insurance available
Must purchase policy through an agent
Poor Trustpilot rating
Get rates from top insurers in Arkansas, starting at $125 per month.
Different insurance companies cater to different types of homeowners, so rates can vary from one insurer to the next. Comparing multiple home insurance quotes will help you find the best deal. The table below shows the cheapest average insurers in Arkansas for $300,000 of dwelling coverage, based on Compare.com data.
Company | Average Yearly Premium |
|---|---|
| Farmers | $1,500 |
| Travelers | $1,848 |
| USAA | $2,532 |
| Allstate | $2,700 |
| Nationwide | $2,796 |
| State Farm | $3,096 |
| Foremost | $3,168 |
| Encompass | $3,504 |
| Auto-Owners | $5,016 |
The amount of coverage you need plays a big role in how much you pay for home insurance. Your coverage limits partly determine your home insurance rates. Higher coverage limits typically mean higher premiums because your insurance company is taking on more financial risk.
The table below shows the average annual rates in Arkansas for different amounts of dwelling coverage, based on Compare.com data.
Company | Average Yearly Premium |
|---|---|
| Farmers | $1,080 |
| Travelers | $1,344 |
| Foremost | $1,968 |
| Nationwide | $1,980 |
| Allstate | $2,076 |
| USAA | $2,088 |
| State Farm | $2,436 |
| Encompass | $2,784 |
| Auto-Owners | $3,828 |
Company | Average Yearly Premium |
|---|---|
| Farmers | $1,500 |
| Travelers | $1,848 |
| USAA | $2,532 |
| Allstate | $2,700 |
| Nationwide | $2,796 |
| State Farm | $3,096 |
| Foremost | $3,168 |
| Encompass | $3,504 |
| Auto-Owners | $5,016 |
Company | Average Yearly Premium |
|---|---|
| Farmers | $1,920 |
| Travelers | $2,340 |
| USAA | $2,988 |
| Allstate | $3,312 |
| Nationwide | $3,600 |
| State Farm | $3,744 |
| Encompass | $4,236 |
| Foremost | $4,356 |
| Auto-Owners | $6,204 |
Company | Average Yearly Premium |
|---|---|
| Farmers | $2,412 |
| Travelers | $2,700 |
| USAA | $3,348 |
| Allstate | $3,936 |
| Nationwide | $4,188 |
| State Farm | $4,248 |
| Encompass | $4,824 |
| Foremost | $5,040 |
| Auto-Owners | $7,608 |
Company | Average Yearly Premium |
|---|---|
| Farmers | $3,408 |
| Travelers | $4,020 |
| USAA | $4,476 |
| Allstate | $5,436 |
| State Farm | $5,484 |
| Nationwide | $5,916 |
| Encompass | $6,276 |
| Foremost | $8,124 |
| Auto-Owners | $11,964 |
Home insurance rates can also vary widely depending on where you live in Arkansas. Severe weather risks, rebuilding costs, and claim frequency all influence your premiums. So, homeowners in one city may pay significantly different rates than those in another city.
The table below shows the average monthly premiums for different Arkansas cities, based on Compare.com data.
City | Average Monthly Premium |
|---|---|
| Little Rock | $237 |
| Fayetteville | $231 |
Homeowners across Arkansas often pay more for insurance due to severe weather risks and insurers leaving the state. Understanding the factors behind these higher rates can help you decide whether additional coverage options make sense for your situation.
Tornadoes, hail, and high winds can cause serious property damage in Arkansas.[3] Standard homeowners insurance usually covers wind-related losses, but adding coverage for water backup can provide more protection after storm-related damage.
Standard home insurance policies don’t cover flooding from heavy rainfall or overflowing waterways. To protect against flood damage, homeowners in higher-risk areas may need a separate flood insurance policy through a private insurer or the National Flood Insurance Program (NFIP).
Parts of Arkansas lie directly within the New Madrid Seismic Zone, posing a significant earthquake risk. Standard homeowners policies exclude earthquake damage, but you can add earthquake insurance for protection against structural damage.
More and more insurance companies don’t sell new home insurance policies in Arkansas. This reduces competition in certain areas and raises premiums. Comparing quotes, bundling home and life insurance, and maximizing insurance discounts can help offset costs when you have limited coverage options.
The Arkansas Insurance Department regulates insurers in the state, helps consumers understand their coverage options, and assists with complaints or claim disputes. Homeowners can contact the department for help or file concerns through its website or consumer services hotline.
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A standard homeowners insurance policy in Arkansas provides financial protection against many common property damage and personal liability risks. Typical home insurance coverage includes:
Dwelling coverage: Dwelling coverage pays to repair or rebuild your home if a covered event — like damage from tornadoes, wind, hail, fire, or vandalism — damages it.
Personal property coverage: This coverage protects your personal belongings if someone steals them or a covered event damages them.
Liability coverage: Liability coverage helps cover legal costs and medical payments if someone injures themselves on your property or you cause property damage to someone else.
Loss of use/additional living expenses: Loss of use coverage pays for temporary housing, meals, or other living expenses if your home becomes uninhabitable after a covered loss.
Other structures coverage: This coverage pays for damage to detached garages, sheds, and fences on your property.[4]
Homeowners policies in Arkansas typically exclude the following:
Flood damage: Flood protection requires a separate flood insurance policy through the NFIP or a private insurer.
Earthquakes: You have to add earthquake coverage or buy a stand-alone policy.
Normal wear and tear: Homeowners policies don’t cover maintenance-related issues or aging systems.
Pest or mold damage: Home insurance typically excludes damage caused by pests or mold.
Water backup or sump overflow: You usually need optional coverage for damage caused by water backup or sump-pump overflow.[5]
Heavy rains and flash floods can cause water damage, but standard homeowners insurance doesn’t include flood coverage. You can purchase flood insurance through the NFIP or from private insurers. Private insurers may offer higher policy limits or additional coverage options depending on your risk level and insurance needs.
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Besides your home’s value, many factors affect your homeowners insurance rates in Arkansas. Here are some of the main things that influence the cost of your premiums:
Your home’s details: Your home’s age, construction materials, roof condition, square footage, and replacement cost all affect insurance costs. Older homes or those with outdated systems may cost more to insure due to a higher likelihood of claims.
Where you live: Local factors like severe weather, crime rates, as well as proximity to fire stations and flood-prone areas also influence your rates. Homes in higher-risk regions typically pay higher premiums.
Your policy: Your deductible, coverage limits, and optional coverages directly affect your annual costs.
Your background: Insurers may consider your claims history and credit-based insurance score when setting your rates.[6]
Compare quotes and get the coverage you need at the best price.
If you’re shopping for homeowners insurance in Arkansas, you probably have questions about pricing, coverage, and claims. Here are answers to some of the most common concerns homeowners have.
It depends. Home insurance in Arkansas costs an average of $258 per month for $300,000 of dwelling coverage, according to Compare.com data. But how much you pay for home insurance can vary by your location and the coverage you choose.
State Farm, USAA, Farmers, Farm Bureau, and Nationwide are Compare.com’s top picks for home insurance in Arkansas. But the right insurance company for you depends on various factors, like your coverage needs, budget, and location.
Farmers has the cheapest home insurance in Arkansas, with rates starting at $125 per month.
Home insurance in Arkansas tends to be more expensive partly because of the state’s risk of severe weather. Tornadoes, earthquakes, flooding, and hurricanes are common, and many insurers stopped offering new policies in the state.
State Farm’s home insurance rates average $258 per month for $300,000 of coverage, according to Compare.com data. Compare that to the overall average rate in Arizona of $258 per month.
It depends. Once you submit the claim, insurers typically have 15 days to either pay or deny it. But the exact timeline depends on your insurance company and the complexity of your claim.
Yes. Standard homeowners insurance policies usually cover tornado damage. You typically need extra home insurance to cover things like flooding or earthquakes.
Compare.com data scientists analyzed rates from more than 180 home insurance companies sourced directly from Compare.com’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Additional data points beyond these default values are sourced from Compare.com’s proprietary database. Rates are updated monthly.
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Jamie Johnson is a Kansas City-based personal finance writer who’s been writing for Compare.com since 2023. Her work has also been featured on several of the top finance and business sites in the country, including Insider, Credit Karma, Bankrate, Rocket Mortgage, Fox Business, Quicken Loans, and The Balance.
For the past seven years, she’s dedicated more than 10,000 hours of research and writing to more than 2,000 articles about personal finance topics.
Matthew Gross is an editor at Compare.com. With a background in editing and SEO, he’s passionate about creating content that helps readers get the information they need to make more informed decisions. Prior to Compare.com, Matthew brought his user-centered approach to his work with global brands like Apple and Adobe.
Matthew graduated from Illinois State University, where he earned his bachelor’s degree in Journalism.
Licensed property and casualty insurance agent
NPN: 21630969
MacK Korris is a licensed insurance agent who reviews and fact-checks articles for Compare.com. MacK has several years of experience reviewing and editing a variety of insurance topics, and he also holds valid insurance producer licenses in property and casualty lines from the Missouri Department of Commerce and Insurance (NPN #21630969).