Best Homeowners Insurance in Arkansas (2024)
Shelter has the best complaint rating of the state’s home insurance companies.
Arkansas’ cheapest home insurance companies
Farmers is the second-cheapest choice, at $3,629 a year.
To compare, the average cost of homeowners insurance in Arkansas is $3,722 a year.
Cheapest companies in Arkansas
| Company | Average annual rate |
|---|---|
| Allstate | $3,473 |
| Farmers | $3,629 |
| USAA* | $3,810 |
| Shelter | $4,040 |
| Nationwide | $4,249 |
| State Farm | $4,336 |
*USAA is only available to active-duty and veteran military members and their families.
Best homeowners insurance companies in Arkansas
Allstate has the cheapest home insurance rates and best discount options.
Meanwhile, Shelter has the best NAIC Complaint Index rating and USAA has the best benefits for military personnel.
Best Arkansas home insurance companies
| Company | Average annual rate | Overall satisfaction* | Complaint index** |
|---|---|---|---|
| Allstate | $3,473 | 868 | 1.79 |
| Shelter | $4,040 | Not rated | 0.31 |
| USAA | $3,810 | 899 | Not rated |
| Average | $3,722 in Arkansas | 869 | 1.0 |
*Source: J.D. Power’s 2023 U.S. Home Insurance Study. Higher scores are better; 819 is average.
**Source: NAIC Complaint Index data from 2023. Lower scores are better; 1.0 is average.
Cheapest rates and best discounts: Allstate
Allstate has Arkansas’ cheapest home insurance rate of $3,473 a year, on average. It also offers many discounts to lower your premium even more.
If you bundle your home and auto insurance with Allstate, you could save up to 25% on your premiums. It also gives discounts for:
- Buying a newly constructed home
- Early policy signing
- Automatic payment sign-up
- Installing fire alarms or other safety systems
- Loyalty
| Pros | Cons |
|---|---|
Wide range of discounts Low annual rate in Arkansas No banned breed dog list | More complaints than average Doesn’t offer extended replacement cost coverage |
Homeowners insurance companies offer discounts to policyholders to stay competitive. When you compare home insurance quotes, be sure to ask about discounts.
Best complaint index rating: Shelter
Shelter has a National Association of Insurance Commissioners (NAIC) Complaint Index rating of 0.31. This is the best complaint rating of the homeowners insurance companies we surveyed in Arkansas.
| Pros | Cons |
|---|---|
Excellent complaint rating Good discounts | No 24/7 customer service Premium higher than Arkansas average rate |
The NAIC Complaint Index rates insurance companies based on claim-based complaints they receive, compared to similar-sized companies.
Best for military members: USAA
USAA has homeowners insurance policy offerings tailored to active-duty and veteran military members. Both USAA’s claims satisfaction and complaint index ratings are excellent.
| Pros | Cons |
|---|---|
Top-tier claims satisfaction Active-duty service members get coverage for military equipment and uniforms with no deductible Personal property coverage at replacement cost | No dedicated agents Only available to active-duty and veteran military and their families Few discounts compared to competitors |
Arkansas home insurance rates by coverage amounts
The dwelling coverage limit you choose impacts the price of your homeowners insurance policy. The higher the limit, the higher your premium.
Average annual rate by dwelling coverage
| Dwelling coverage limit | Average annual rate |
|---|---|
| $350,000 | $3,357 |
| $400,000 | $3,722 |
| $450,000 | $4,126 |
If you want to save money on your home insurance costs, consider raising your deductible. The higher your deductible, the lower your annual premium.
Cost of homeowners insurance in Arkansas
Insurers calculate your home insurance quote by weighing different risk factors, including your:
- ZIP code
- Home’s age and construction materials
- Coverage limits and deductible
- Insurance claim history
Standard home insurance policies tend to be similar from company to company. However, as you can see, premiums vary. This is due to homeowners insurance companies weighing risk factors differently.
Arkansas home insurance rates by city
Average home insurance rate by city
| City | Average annual rate |
|---|---|
| Bella Vista | $3,470 |
| Benton | $3,780 |
| Bentonville | $3,603 |
| Bryant | $3,736 |
| Cabot | $3,655 |
| Centerton | $3,590 |
| Conway | $3,470 |
| Fayetteville | $3,548 |
| Fort Smith | $3,839 |
| Hot Springs | $3,613 |
| Jacksonville | $3,628 |
| Jonesboro | $3,593 |
| Little Rock | $3,650 |
| Maumelle | $3,519 |
| North Little Rock | $3,596 |
| Paragould | $3,578 |
| Pine Bluff | $3,827 |
| Rogers | $3,469 |
| Russellville | $3,564 |
| Searcy | $3,794 |
| Sherwood | $3,542 |
| Siloam Springs | $3,719 |
| Springdale | $3,492 |
| Texarkana | $3,968 |
| Van Buren | $3,982 |
Methodology
The rates shown in this article are based on nonbinding quotes collected from Quadrant Information Services. Your rates may vary. Average rates were compiled from rates in Arkansas.
The following coverages and deductible were used unless otherwise noted:
- $400,000 dwelling coverage
- $40,000 other structures
- $200,000 personal property
- $80,000 loss of use coverage
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible
*USAA is only available to active-duty and veteran military members and their families.