HomepageInsuranceHomeownersThe Best Arkansas Homeowners Insurance Companies
Last updated on May 19, 2020

The Best Arkansas Homeowners Insurance Companies

Fact-checked with
We recommend products and services based on unbiased research from our editorial team. We may receive compensation if you click on a link. Read More.

Arkansas’ annual premiums for homeowners insurance are on the higher side — on average $1,312 per year for an HO-3 policy, compared to the nationwide average of $1,173. That said, how much you’ll pay can vary a lot depending on your home’s size, your assets, and your address. Use our tool to find your best rates:

Heads up: Coverage and pricing vary.

Find the Best Home Insurance

Affordable premiums and a variety of natural disasters coverage, such as tornadoes and hail, make Metropolitan Insurance our choice for top Homeowners Insurance in Arkansas. However, Encompass, Republic Underwriters, Auto-owners Insurance, and Allstate also deserve your attention.

What’s so great about these companies? And is there anything else you need to know about insuring your home in Arkansas?  We talk about that and more below.

The 5 Best Homeowners Insurance Companies in Arkansas

 Metropolitan InsuranceEncompassRepublic Underwriters Insurance Co.Auto-Owners InsuranceAllstate





Our review
AM Best Financial Strength RatingA+A+A-A++A+
J.D. Power Overall Customer Satisfaction Score (Relevant region)2/5NANA4/53/5
Online Quote ToolXX✓ ✓ 

Compare ratesCompare ratesCompare ratesCompare ratesCompare rates

Average Cost of Homeowners Insurance in Arkansas

Though a variety of factors will affect your premium (such as home size, age, discounts, and location), the average cost for insurance in Arkansas is $1,373. This is more than the national average of $1,211, according to the Insurance Information Institute

Arkansas is currently the 13th most expensive state for homeowners insurance.

Home Insurance Add-ons That Will Further Protect You

Arkansas is a dynamic place to live. Though the paramount of comfort and beauty, it does have a tendency to be rocked by natural disasters every few years. Not only is it subject to hurricanes because of its proximity to the Gulf of Mexico, but it also is affected by tornadoes, flooding, and the occasional earthquake

You will definitely want to get flood insurance to protect your home. However, regardless of what provider you choose, you will need to purchase flood insurance through the National Flood Insurance Program

In addition to flood insurance, whichever provider you choose should also offer the following types of coverage options:

  • Tornado damage caused by wind
  • Hurricane damage caused by wind

Earthquake coverage is a good idea, too and your agent should be able to give you more information about how to get this kind of protection.

Helpful Resources for Arkansas Homeowners

An important resource for Arkansans is the Arkansas Insurance Department. Here you will find important insurance updates, as well as how-to guides that may be beneficial to you as you hunt for the perfect provider.

To get homeowners insurance in Arkansas, you can do everything you need to do online and over the phone. It is unnecessary to go to an insurance provider’s brick-and-mortar shop to discuss a policy unless that is how you personally prefer to do business. 

Just keep in mind that if you are about to close on the purchase of a home, you will be unable to finalize the transaction with your lender until you have insured the home. So you can’t take too much time rate shopping and talking to insurers one-on-one. 

If you already have insurance but want to switch providers, you have the freedom to do so. All you need to do is contact your old provider and tell them what date you would like your last day of service to be (after you have found a new provider, of course). Then you will need to contact your lender and escrow account and inform them of the switch. The most important thing is that your lender does not see any gaps in coverage.

Methodology

To determine the best home insurance companies in Arkansas, we first started with the largest providers in the state, and then further evaluated each company based on average premiums, available discounts, S&P ratings, as well as AM Best and J.D. Power grades. For any insurance company to be a viable option for homeowners, they must be financially sound and have solid customer feedback. Companies that have a low AM Best rating, are more likely to dispute claims, which often then leads to a lower J.D. Power rating.

Best Arkansas Homeowners Insurance Companies

Metropolitan Insurance


Metropolitan Insurance
Metropolitan Insurance


Pros

  • Identity theft protection for no additional cost
  • Multiple packages to choose from so you only pay forwhat you need

Cons

  • Policyholders need to call or email to file a claim

Metropolitan Insurance offers a wide range of homeowners insurance packages. This helps members save month to month because they’re not paying for unnecessary protection.

A downside to Metropolitan Insurance is that it’s lacking a robust online infrastructure. To file a claim, you need to either speak directly with an agent or email the company. The plus side to this is that you are always interacting with someone that knows about your situation. The downside is the whole process could be tedious  for some people that prefer to do the convenience of doing the claims online.

Encompass


Encompass
Encompass


Pros

  • Bundle with auto insurance
  • Multiple coverage add-on options

Cons

  • Some past customers have had policy misconceptions

You can save money with Encompass if you bundle your auto insurance with your homeowners insurance. It also has a variety of coverage add-ons you can take advantage of to make your policy exactly what you need it to be.

Encompass has great reviews from multiple sources. If you zoom in on complaints online, a few customers have expressed some confusion and anger over what their policy covered. Encompass has good online resources for its customers, and someone is always available to answer your questions over the phone.

Republic Underwriters Insurance Company


Republic Underwriters Insurance Co.
Republic Underwriters Insurance Co.


Pros

  • Multiple discounts for policyholders
  • Bundle with auto insurance

Cons

  • Online presence could be stronger

Republic offers multiple discounts for homeowners, which should help many people get their premiums down. You can also bundle it with an auto insurance policy to save even more.

Though Republic has a strong customer service department, it needs to beef up its online applications. If you’re looking for a company that has a variety of online resources for its policyholders, you may want to consider looking elsewhere.

Auto-Owners Insurance


Auto-Owners
Auto-Owners


Pros

  • Wide variety of discounts for members
  • Won multiple awards
  • A variety of coverage options

Cons

  • Policy changes must be run through a local agent

Auto-Owners scores so well with its policyholders that it has actually won awards for its claims services, and like many insurance companies, it offers multiple ways for its members to save on their premiums. It also has a slew of coverage options to choose from. 

About the only con for Auto-Owners that it could be easier to make changes to your policy. At the moment, if you want to add or remove something, you need to speak with a local agent. That said, it has exceptional customer service, according to J.D. Power.

Allstate


Allstate
Allstate


Pros

  • Many coverage options 
  • Multiple discounts

Cons

  • More expensive than many providers

Allstate truly does have an impressive amount of coverage options, as well as ways to save on your premium. If taken full advantage of, you really could save a good amount of money on your monthly bill.

The downside is that those discounts are needed. Though Allstate isn’t the most expensive insurance carrier on the market, it is not considered cheap either..  

The Cheapest Homeowner Insurance Companies In Arkansas

Homeowner  Insurance CompaniesAverage Annual Premium
Metropolitan Insurance$1,204
USAA$1,329
Encompass$1,483
Republic Underwriters Insurance Company$1,506
Garrison Prop. & Cas. Ins. Co.$1,533
Auto-Owners Insurance$1,590
Allstate$1,620
Farmers Insurance$1,689
Farm Bureau Mut. Ins. Co$1,721
Shelter Mutual Insurance Co.$2,048
State Farm$2,231
Average Across Credit Rating Tiers$1,632

Homeowner Insurance by Age of Home

Age of HomeAverage Annual Premium
5$1,824
20$2,548
35$2,585
50$2,574
Average Across Ages$2,383

Quadrant home insurance rate data as of  12/01/2019. 

These rates are a sample set meant only for general comparison. Your own premium will vary. 

Top 3 Cheapest Homeowner Insurance Companies in Arkansas

  • Metropolitan Insurance – $1,204
  • USAA – $1,329
  • Encompass – $1,483

Top 3 Most Expensive Homeowner Insurance Companies in Arkansas

  • Farm Bureau Mut. Ins. Co. – $1,721
  • Shelter Mutual Ins. Co – $2,048
  • State Farm – $2,231

The cheapest insurance provider in Arkansas is currently Metropolitan Insurance, whereas the most expensive is State Farm. However, keep mind this is based on averages, and does not necessarily represent any quote you would receive. To get a personalized quote, you will need to contact the insurance companies directly.

Homeowners Insurance FAQ

About the Authors

Lauren Ward

Lauren Ward Contributing Writer

Lauren Ward is a personal finance writer who regularly covers consumer insurance products. Her work has appeared in a variety of online publications, including Bankrate and The Simple Dollar. She graduated from Georgetown University with a BA in Japanese.