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The Best Arkansas Homeowners Insurance Companies

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    The top homeowners insurance providers that offer quality coverage at an affordable rate in Arkansas include Metropolitan, Encompass, Republic Underwriters, Auto-Owners, and Allstate. At least one of these companies also made it to our national list of best homeowners insurance

    If you live in Arkansas, we don’t have to tell you about the different weather factors and other hazards that could pose a risk to your home and your property. Because of these risks, the average cost of a homeowners insurance in Arkansas is a few hundred dollars higher than the national average. But in our selection of top insurers, we made sure to include companies with affordable options that can fit your needs and your budget.

    The 5 Best Homeowners Insurance Companies in Arkansas

    Compare Arkansas’s top insurance companies

     Reviews.com Score Average PriceAM Best FinancialJ.D. Power
    Metropolitan N/A $       1,204.00A+N/A
    EncompassN/A  $       1,483.00A+NA
    Republic UnderwritersN/A  $       1,506.00A-NA
    Auto-Owners 4 $       1,590.00A++843/1000
    Allstate 4 $       1,620.00A+829/1000

    Best Arkansas Homeowners Insurance Companies

    Metropolitan

    Metropolitan, known as MetLife by many, is a major insurance provider founded in 1863 by a group of New York businessmen. Currently, the company is in more than 40 countries around the globe.

    Metropolitan Insurance

    Best for Proven Track Record

    Why we chose it

    Metropolitan Insurance offers a wide range of homeowners insurance packages with a lot of room for customization. This helps members save month to month because they’re not paying for unnecessary protection.
    • N/A** Reviews Score
    • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • N/A* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

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

    Pros

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

    Cons

    • One of the few homeowners insurance companies without an A+ rating with the BBB.
    Read More

    Discounts available

    • Certain employer discounts
    • Bundle discounts for home, car, boat, and more

    Unique features

    While many would think it’s standard, the ability to file a claim online is not something that every homeowners insurance company in Arkansas provides. Luckily, Metropolitan Insurance is with the times and offers that advantage to customers.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale.

    **Some providers don’t have enough third-party ratings to calculate a score.

    Encompass

    Encompass offers homeowners insurance in three tiers—Elite, Deluxe and Special. This tiered system allows customers to choose a coverage policy that meets their needs and fits within their budget.

    Encompass

    Best for Customization

    Why we chose it

    In addition to their range of insurance plans, Encompass insurance allows customers to choose a variety of coverages for added protection. Their plans are easy to customize, but they may be on the expensive side.
    • N/A** Reviews Score
    • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • N/A* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    In addition to their range of insurance plans, Encompass insurance allows customers to choose a variety of coverages for added protection. Their plans are easy to customize, but they may be on the expensive side.

    Pros

    • Tiered coverage options
    • Add-on coverage

    Cons

    • More expensive premiums
    • Few discounts
    Read More

    Discounts available

    • Claim-free discount
    • Dwelling age discount
    • Renovation discount

    Unique features

    Encompass offers added protections, including enhanced replacement cost coverage, water backup coverage, increased building costs, mortgage rate protection and more.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale.

    **Some providers don’t have enough third-party ratings to calculate a score.

    Republic Underwriters

    The insurer, based out of Dallas, TX, is an AmTrust Financial Company often known as Republic Group. The company was founded in 1903 by the Jalonick brothers.

    Republic Underwriters Insurance Co.

    Best for Personal Service

    Why we chose it

    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. And while the company may be lacking a little in the online presence department, customer service feedback is strong.
    • N/A** Reviews Score
    • A- AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • N/A* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    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. And while the company may be lacking a little in the online presence department, customer service feedback is strong.

    Pros

    • Multiple discounts for policyholders
    • Bundle with auto insurance

    Cons

    • Scarce online presence
    Read More

    Discounts available

    Bundle discounts

    Unique features

    What’s unique about Republic Underwriters Insurance Company is how heavily the company relies on in-person service. For people who like the personal touch, this is great. However, if you like to handle your business online (or at least have the option), it’s a weakness of the company.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale.

    **Some providers don’t have enough third-party ratings to calculate a score.

    Auto-Owners Insurance

    Although Auto-Owners Insurance doesn’t offer the cheapest home insurance rates, it does provide a well-rounded selection of standard and optional coverage to protect Arkansas homeowners. The provider’s optional coverage help protect your most valuable possessions, cover identity theft expenses, and help pay for damages caused by dreaded sewer disasters.

    Auto-Owners

    Best for Optional Coverage

    Why we chose it

    Most home insurance companies offer comprehensive standard policies, but Auto-Owners pulls ahead of the pack with its optional coverages. Its Homeowners Plus option pays for damages caused by leaking household appliances, plus food spoilage costs caused by power outages. The provider’s equipment breakdown coverage pays to replace faulty mechanical systems and its identity theft expense coverage pays up to $15,000 in identity restoration costs.
    • 4 Reviews Score
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 843* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Most home insurance companies offer comprehensive standard policies, but Auto-Owners pulls ahead of the pack with its optional coverages. Its Homeowners Plus option pays for damages caused by leaking household appliances, plus food spoilage costs caused by power outages. The provider’s equipment breakdown coverage pays to replace faulty mechanical systems and its identity theft expense coverage pays up to $15,000 in identity restoration costs.

    Pros

    • High customer satisfaction rating
    • Sound financial ratings
    • Good selection of optional coverages

    Cons

    • Higher rates than some carriers
    • Not available in some states
    Read More

    Discounts available

    • Multi-policy discount
    • Green discount
    • Automatic backup generator discount

    Unique features

    Auto-Owners’ optional coverages help protect your home and possessions. Guaranteed home replacement cost coverage helps cover the cost of rebuilding your home when your dwelling coverage falls short and the ordinance of law add-on helps bring your home up to code following a covered loss.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale.

    Further Reading on Auto-Owners Insurance:

    Allstate

    Allstate’s standard policies include all the basic coverages you expect from a major home insurance provider and its optional coverages help further protect your business property and valuable items such as musical instruments and sports equipment.

    Allstate

    Best for Discounts

    Why we chose it

    Allstate provides a variety of policy options, and extensive discount opportunities. Allstate policies are backed by sound financial ratings and its local agents offer the personal touch when you need to file a claim or buy more insurance.
    • 4 Reviews Score
    • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 829* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Allstate provides a variety of policy options, and extensive discount opportunities. Allstate policies are backed by sound financial ratings and its local agents offer the personal touch when you need to file a claim or buy more insurance.

    Pros

    • Diverse discount opportunities
    • Informative website and digital tools
    • Above-average customer service

    Cons

    • NAIC complaint index high
    Read More

    Discounts available

    • Early signing discount
    • Homebuyer discount
    • Hail-resistant roof discount

    Unique features

    Allstate’s discount list is longer than most national insurers. You could save up to 10% on your premiums if you sign up for your new policy at least 7 days before the current one expires.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale.

    Further Reading on Allstate:

    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 $1,312. This is more than the national average of $1,173, 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 a separate flood insurance through the National Flood Insurance Program or a private insurer that provides the coverage. 

    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.

    Cost of Homeowners 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

    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

    Top 3 Cheapest Homeowners Insurance Companies in Arkansas

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

    Top 3 Most Expensive Homeowners Insurance Companies in Arkansas

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

    Resources Helpful 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.

    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.

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