Arkansas lies around 400 miles inland, so homeowners in the state don’t have to be as concerned about hurricanes ravaging their homes. However, there are still several weather hazards that Arkansas homes face. Arkansas homeowners commonly experience occurrences such as tornadoes, heavy rains, hail, high winds and lightning that have the potential to harm their homes. If you live in Arkansas and are looking for the best home insurance provider to offer financial protection for your home, it may be helpful to research the following top home insurance companies.
On average, home insurance in Arkansas costs $2,142 per year for $250,000 in dwelling coverage based on premium data provided by Bankrate.com. Based on Reviews’ study of available data, the following four providers offer the best home insurance in Arkansas: Allstate, Auto-Owners, Travelers and USAA. To determine these carriers and who they are best for, our team analyzed J.D. Power scores for customer satisfaction, AM Best scores for financial strength, coverage options, available discounts and average annual premiums.
The 4 Best Homeowners Insurance Companies in Arkansas
- Allstate – Best for Discounts
- Auto-Owners – Best for Optional Coverage
- Travelers – Best for Budget-Conscious Shoppers
- USAA – Best for Military-Centric Coverage
Compare the Best Arkansas Homeowners Insurance Companies
| Average Annual Premium* | AM Best Financial Strength 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. | 2021 J.D. Power Overall Satisfaction J.D. Power scores are based on surveys for customer satisfaction and product quality. | ||
|---|---|---|---|---|
| Pin Allstate | $2,092 | A+ (Superior) | 829/1,000 | |
| Pin Auto-Owners | $2,151 | A++ (Superior) | 831/1,000 | |
| Pin Travelers | $1,511 | A++ (Superior) | 800/1,000 | |
| Pin USAA** | $1,519 | A++ (Superior) | 882/1,000 |
Customer satisfaction ratings reflect scores from the 2021 J.D. Power U.S. Home Insurance Study.
*Based on $250,000 dwelling coverage
**USAA not officially ranked by J.D. Power due to eligibility restrictions
Allstate
Allstate offers policyholders a wide range of options, from add-on coverage types to varied discounts. The company also received a score of A+ (Superior) from AM best for financial strength.
Best for Discounts
WHY WE CHOSE IT
Why we chose it
Pros
- Wide range of discounts
- Robust add-on coverage types
- High AM Best score for financial strength
Cons
- Higher NAIC complaint index score
- Lower than average J.D. Power Score
DISCOUNTS AVAILABLE
- Early signing discounts
- Easy Pay Plan®
- Welcome & loyalty discount
- Home buyer discount
ADD-ON COVERAGE
- HostAdvantage®
- Manufactured/mobile home insurance
- Flood insurance
ALLSTATE INSURANCE REVIEW
Auto-Owners
Auto-Owners gives policyholders the opportunity to personalize their coverage through a wide range of coverage offerings and discounts. In addition, the company received a higher-than-average score for customer satisfaction from J.D. Power, and a financial strength rating of A++ (Superior) from AM Best.
Best for Optional Coverage
WHY WE CHOSE IT
Why we chose it
Pros
- Several coverage options
- High financial strength score from AM Best
- Wide range of discounts
- Fewer than average complaints filed with the NAIC
Cons
- Highest average premium on our list
- Not available nationwide
- Must contact your local agent for a quote
DISCOUNTS AVAILABLE
- Green discount
- Advance quote discount
- Water shut-off system discount
- Automatic backup generator discount
ADD-ON COVERAGE
- Guaranteed home replacement cost
- Water backup of sewers or drains
- Special personal property coverage
- Ordinance or law coverage
- Identity theft expense coverage
AUTO-OWNERS INSURANCE REVIEW
Travelers
Travelers offers the lowest average premium on our list, without sacrificing quality. The company offers a wide range of discounts, including one for houses equipped with green technology. The company’s mobile app makes policy management simple, and the company received a financial strength rating of A++ (Superior) from AM Best.
Best for Budget-Conscious Shoppers
WHY WE CHOSE IT
Why we chose it
Pros
- Lowest premium on our list
- Highest possible AM Best score
- Wide range of discounts, including one for environmentally friendly homes
- Highly-rated mobile app
Cons
- Lower than average J.D. Power score for customer service
- Not available in every state
DISCOUNTS AVAILABLE
- Early quote discount
- Loss-free discount
- Home buyer discount
- Green home discount
ADD-ON COVERAGE
- Additional replacement cost protection
- Jewelry and valuable items
- Personal articles floater
- Water backup and sump pump discharge or overflow
- Green home coverage
TRAVELERS INSURANCE REVIEW
USAA
USAA consistently ranks highly for customer satisfaction and, as a company that only writes policies to those affiliated with the U.S. Military, specializes in offering coverage options and services that may be useful to servicemembers, veterans and their eligible families. The company also offers one of the lowest average premiums in Arkansas.
Best for Military-Centric Coverage
WHY WE CHOSE IT
Why we chose it
Pros
- Highest J.D. Power score for customer satisfaction on our list
- Coverage options and services designed to meet the needs of Military service members, veterans and their families
- Highest possible AM Best score for financial strength
Cons
- Policies only written to military service members, veterans and qualifying family members
- Fewer discounts than most competitors
DISCOUNTS AVAILABLE
- Claims-free discount
- Protective device credit
- Bundling discount
ADD-ON COVERAGE
- Home sharing coverage
- Earthquake coverage
- Loss of use
USAA INSURANCE REVIEW
Average Cost of Homeowners Insurance in Arkansas
The average cost of home insurance in Arkansas is $2,142 per year for $250,000 in dwelling coverage, according to 2021 data from Quadrant Information Services. That means Arkansas home insurance costs an average of $830 more per year than the national average for the same amount of coverage. Overall, Arkansas is the fourth-most-expensive state for home insurance. However, keep in mind that your individual home insurance premium will depend on a variety of factors, including the coverage types you chose, your home size, and the discounts that apply to you.
Average Annual Premiums from Homeowners Insurance Companies in Arkansas
The table below features average homeowners insurance rates for companies in Arkansas, based on data from Quadrant Information Services. Rates vary by state and company, as each company uses different underwriting formulas. For this reason, drivers may benefit from comparing quotes from multiple insurance providers.
| Company | Average Annual Premium* |
| Allstate | $2,092 |
| Auto-Owners | $2,151 |
| Farm Bureau Mutual | $1,986 |
| Farmers | $4,076 |
| Shelter | $2,313 |
| State Auto Insurance | $2,372 |
| State Farm | $2,236 |
| Travelers | $1,511 |
| USAA | $1,519 |
*Based on $250,000 dwelling coverage
Top 3 Cheapest Homeowners Insurance Companies in Arkansas
- Travelers: $1,511 average annual premium
- USAA: $1,519 average annual premium
- Delek: $1,818 average annual premium
Top 3 Most Expensive Homeowners Insurance Companies in Arkansas
- Farmers: $4,076 average annual premium
- State Auto Insurance: $2,372 average annual premium
- Shelter: $2,313 average annual premium
Arkansas Home Insurance Considerations
Despite its proximity to the Gulf of Mexico, Arkansas homeowners don’t have to worry about hurricanes as much as coastline states, since the state is about 400 miles inland. However, the state does experience heavy rainstorms, flooding, hail, lightning, earthquakes and tornadoes that can damage homes.
Arkansas homeowners might want to consider purchasing flood or earthquake insurance in addition to standard home insurance coverage to provide additional financial help in the event of a loss.
Helpful Resources for Arkansas Homeowners
If you’re experiencing any issues with your home insurance in Arkansas, resources exist to help you. The Arkansas Insurance Department (AID) website lists several links to help policyholders file complaints, find insurance policies, and get assistance with their insurance. The AID website also houses useful links on flood insurance, including information on how to apply for it. These links include tips for preparing for a storm and how to avoid losses during a flood. Many of these resources are also available in Spanish.
Federal Emergency Management Agency (FEMA) services are available during natural disasters in the area. FEMA’s Arkansas website lists helpful resources for managing a host of weather disasters, and links to the Arkansas Division of Emergency Management, Arkansas Office of the Governor and Inciweb – Incident Information System.
Frequently asked questions
Methodology
We evaluated the companies based on their third-party agency ratings for customer experience, financial stability, as well as coverage options to determine which might be the best providers.
To compare home insurance companies across the board, we considered the following factors:
- Customer Ratings — Customer ratings are an indication of satisfaction with the process of billing, interaction and filing a claim, amongst other indicators. We measured this using 2021 J.D. Power Home Insurance Study ratings.
- Coverage — As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options and add-ons available.
- Confidence — It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength ratings indicate a positive history of being able to pay out claims. We measured this using AM Best ratings.
- Customer Experience — The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the NAIC National Complaint Index.
Rates are based on quoted annual premiums from Coverage.com. These are sample rates and should be used for comparative purposes only. Your quotes may be different.
The coverage limits for home insurance rates reflect the following coverage and limits:
- Coverage A, Dwelling: $200,000
- Coverage B, Other Structures: $0
- Coverage C, Personal Property: $100,000
- Coverage D, Loss of Use: $40,000
- Coverage E, Liability: $250,000
- Coverage F, Medical Payments: $1,500
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
About the Authors
Lizzie Nealon is an insurance writer from Charleston, South Carolina. She holds a Bachelor’s degree in political science with minors in Spanish and English from Clemson University. Her articles on auto, home and life insurance have been featured in Bankrate and Reviews.com. In her freetime, you can find her cheering on the Tigers or partially completing New Yorker crosswords.
