UPDATED: Mar 13, 2020
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Cheap Car Insurance in Little Rock, AR
Are you looking for auto insurance in Little Rock, AR? At AutoInsuranceEZ.com, you will find the very best insurance rates where you live. To find free car insurance quotes from the top rated providers today, key your zip code into the quote box on this page.
Little Rock is not only the geographically centered capital of Arkansas; it is also an economic hub which connects nearly a dozen different economic powerhouses within a 500 mile radius. But alongside a bustling economy and modern downtown renovations, there are multitudes of historical monuments to remind residents where the city has been. Additionally, there are so many parks and gardens in Little Rock that it has earned itself the nickname “City of Roses”.
- Fun fact: Did you know that Little Rock is #6 on the list of “Top 101 cities with largest percentage of females working in industry: Religious, grant-making, civic, professional, and similar organizations (population 50,000+)”? Learn more about the city of Little Rock on Wiki.
Auto Insurance Coverage Requirements in Arkansas
Legal driving requirements for Arkansas motorists are as follows:
|Bodily Injury Liability||25,000/50,000||25,000/50,000|
|Property Damage Liability||25,000||25,000|
|Uninsured Motorist Bodily Injury||Not required||25,000/50,000|
|Medical Payments||Not required||5,000|
|Collision||Not required||500 deductible|
|Comprehensive||Not required||100 deductible|
Remember that Liability coverage only pays out on claims if the incident in question was something you caused (or found liable for). For any other situation, you will be financially responsible for your vehicle. And if you are currently financing your automobile, your lender may require additional coverage regardless of legal minimums.
The typical Arkansas motorists might end up paying around $117 for their monthly insurance premiums. However, it is possible to drive legally for as little as $47/mo* in Little Rock. All you need is a good knowledge of how the industry works, and you’ll be able to ferret out some huge discounts.
Farmers, Liberty Mutual, and State Farm are offering some of the lowest rates in Little Rock right now. But that might not always be the case. Insurance providers are constantly changing their rates and updating their data. Not to mention that a low rate doesn’t necessarily predict good customer service or a smooth claims process.
Auto insurance in Arkansas providers contemplate several variables when establishing insurance quotes, including driving violations, accident claims, credit score/rating, years of driving experience, and multiple cars and drivers. In addition, premiums differ from provider to provider. To make sure you’re still being charged the most favorable rate, compare cheap Little Rock auto insurance quotes online.
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Major Car Insurance Factors in Little Rock
There are many ways your car insurance rate can be calculated. But not all of it is out of your control; there are actions you can take in order to impact what discounts you are eligible to acquire. Listed here are some of these factors in greater detail:
Your Zip code
The cheapest car insurance is usually found in cities with a lower population density. Because there are fewer automobiles on the road, there are fewer opportunities for you to get into a major car accident with another driver. The population of Little Rock is 197,357 and the median household income is $44,546.
Naturally, if you live in a dangerous area where serious accidents occur frequently, you’ll have to pay higher monthly rates than someone living in a safer city. The fatal accident statistics are fairly high for Little Rock, but not as high as some cities with a similar population.
Auto Thefts in Little Rock
Finding cheap auto insurance can be difficult if you are at risk for auto theft. Certain popular vehicle models are attractive to thieves, as well as vehicles which are parked often in large cities. The total number of stolen vehicles in Little Rock was 1,080 in 2013. While this is a sign that auto thefts are going down in Little Rock, you can get peace of mind from adding Comprehensive coverage to your auto policy.
Your Credit Score
Your credit score is a huge, yet often overlooked, factor which determines your automotive insurance rates. Depending on what company you’re with, Little Rock motorists with poor credit can expect to pay twice as much as someone with perfect credit.
The very young (and therefore inexperienced) drivers pay some of the highest insurance rates you can find. Fortunately, young drivers can easily qualify for Good Student discounts, as well as discounts for taking educational driving courses.
Your Driving Record
Naturally, you’ll pay a lower monthly rate on your insurance premiums if you have a clean driving record. And a few minor violations here or there won’t raise your rates by too much. But serious accidents or citations, such as a DUI, may leave you without any coverage at all.
The cheaper your car is to fix and/or replace, and the less coverage it requires, the cheaper it will be to insure. This explains the drastic price difference in monthly insurance costs between a compact sedan, and a luxury vehicle as seen in the chart below.
Minor Car Insurance Factors in Little Rock
Make sure you pay attention to the following factors too, even if it doesn’t seem like they’ll add up to much:
Your Marital Status
Being married isn’t the biggest discount grabber for most individuals. But you can save some serious cash if you and your spouse bundle your policies together. You can save even more by bundling with homeowner’s or renter’s insurance.
Worried about being charged more simply because of an uncontrollable factor, such as your gender? Well, don’t worry too much, because most providers these days charge the same rate, regardless of gender. And if you do get charged a higher premium for being male or female, it won’t really change your premium by more than a few dollars per month.
Your Driving Distance to Work
The average commute time for citizens of Little Rock lasts anywhere from 15-19 minutes. However, there are some commuters from the outskirts of the city who will spend more than 20 minutes behind the wheel each way. More than 80% of drivers prefer to take their own car to work, whereas around 10% choose to carpool.
Some insurance providers might make a big deal about how many miles you drive, or your purpose for driving. In truth, these differences in driving habits make no more than a 2-3% difference in monthly premiums. Business vehicles, on the other hand, can be charged 10% higher rates or more.
Your Coverage and Deductibles
If you want to add more coverage to your policy, but don’t want to pay a fortune in premiums, consider raising your deductible. Even increasing it by a few hundred dollars can seriously cut down your monthly costs.
Education in Little Rock, AR
Did you know that your overall education level yields more discounts than your job or your yearly income? Most Drivers in Little Rock have earned a bachelor’s degree from a four-year university. Additionally, a great number of motorists have at least a high school diploma. For many drivers, going back to school and expanding their education could yield big discounts on car insurance.
The biggest university in Little Rock is the University of Arkansas at Little Rock, a division of the University of Arkansas which is located in Fayetteville. The Little Rock campus offers associate, bachelor’s, master’s, and doctoral degrees in everything from liberal arts to business to medicine. There is also the William H. Bowen School of Law which is located in downtown Little Rock.
Finding affordable car insurance can be a hassle. There’s a lot of information you need to consider, and figuring out how insurance companies evaluate your potential risk can be complicated. But don’t let the wrong insurance company talk you into purchasing the wrong policy.
How We Conducted the Analysis
*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.
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