UPDATED: Mar 13, 2020
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Cheap Car Insurance in Springdale, AR
Do you need auto insurance in Springdale? At AutoInsuranceEZ.com, you can get the cheapest insurance rates in your area. To receive free car insurance quotes from the leading providers today, provide your zip code into the quote box on this page.
Springdale, also sometimes referred to as the “Chicken Capital of the World”, is the home of Tyson Foods Inc. If you haven’t heard of Tyson, then you must not shop at a grocery store very often; Tyson is the biggest and one of the most profitable meat producers in the entire world.
- Fun fact: Did you know that Springdale is #1 on the list of “Top 101 cities with largest percentage of females working in industry: Vending machine operators (population 50,000+)”? Learn more about the city of Springdale.
Auto Insurance Coverage Requirements in Arkansas
You need at least the following insurance to drive legally in Arkansas:
|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|
If you think Liability coverage will be enough, give that decision a little extra thought. After all, Liability coverage only pays out claims if the incident was something you were deemed liable for. Which means that if someone hits you, or an act of nature damages your vehicle, you are 100% responsible for those costs. Your insurance company won’t pay a dime.
Some sources show an average monthly premium for Arkansas drivers right around $117 per month. However, there are motorists in Springdale right now who can qualify for rates as low as $38/mo*. Keep reading, and we’ll show you how.
The top 3 lowest rates in Springdale come from providers such as State Farm, Liberty Mutual, and Farmers. But does a lower rate automatically make them the best company? There are other factors to consider, such as customer service and the claims filing process, before you decide which company gets your business.
Auto insurance carriers contemplate several elements when calculating insurance quotes, including geography, driving history, where you live, the type of vehicle you own, and your level of education. Additionally, premiums differ from carrier to carrier. To make sure you’re still paying the most favorable rate, compare cheap Springdale auto insurance quotes online. Learn what insurance companies don’t want you to know about auto insurance in Arkansas.
Enter your zip code below to view companies that have cheap auto insurance rates.
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Major Car Insurance Factors in Springdale
There are many ways that your car insurance rate can be estimated. But not all of it is out of your control; there are things you can do to be able to influence what discounts you are eligible to acquire. The following are some of these elements in greater detail:
Your Zip Code
Your auto insurance rates may differ depending on where you call home. In general, highly populated cities have higher auto insurance rates because the extra amount of drivers on the road increases the likelihood of an accident! The population of Springdale is 75,229 and the median household income is $42,050.
Given the total population, fatal accident statistics for Springdale are much lower than similarly-sized cities in Arkansas. This means that parking your car in a Springdale zip code each night can get you lower monthly rates on automotive insurance.
Auto Thefts in Springdale
Living in a large city (Especially one with a high crime rate) will increase your risk of being a victim of auto theft. If your general location has high rates of theft and claims, you can expect to pay more for auto insurance to offset these costs. The total number of stolen vehicles in Springdale was 208 back in 2007, which reflects the most recent statistical data available. But if you’re still worried about auto thefts, talk to your insurance agent about adding Comprehensive coverage to your policy. It’s the only form of coverage which protects you in the event of vehicle theft.
Your Credit Score
There are many things which are determined by your credit score – and, for better or for worse, car insurance is one of them. The better your score, the lower your monthly rate will be. Unfortunately, motorists with poor credit are charged significantly higher rates, and the chart below shows.
In the market to insure a teenage driver? Well, we have some bad news, and some good news. The bad news is that teenage drivers are the most expensive drivers to insure (on account of their lack of driving experience and increased accident risk). The good news is that there are discounts specifically for teenagers – such as “Good Student” and Driver’s Ed discounts – which can help alleviate the financial burden.
Your Driving Record
Did you know that some providers offer a discount called “Accident Forgiveness”? If you have minor violations, such as a speeding ticket or a fender-bender sullying your driving record, you may be able to lower your premiums with such a discount.
It should come as no surprise that luxury vehicles are more expensive to insure than your typical sedan. But some drivers may not be informed as to why. Expensive vehicles will naturally cost more to repair or replace, which means you’ll need much more than the state minimum coverage. And the more coverage you buy, the higher your monthly premiums will be.
Minor Car Insurance Factors in Springdale
Of course, many of these other factors will contribute to your monthly rate as well:
Your Marital Status
Married couples are in the perfect position to save money on their automotive insurance by bundling their policies together. They can also bundle homeowner’s insurance (or renter’s insurance) for further savings.
Times are changing, and insurance company policies are changing with them. More and more companies are phasing out gender as a metric for charging motorists more or less on their monthly premiums. And for those companies who still do charge a different rate, whether its males or females who end up paying more for their policy is determined by the provider.
Your Driving Distance to Work
The average motorist in Springdale spends about 10-19 minutes driving to work each day. In most eastern parts of the city, the carpool rate can range from 13-22%, which helps save on gas money and also alleviates traffic problems.
If you have your vehicle insured as a business vehicle, get ready to pay more on your premiums. On average, business vehicles cost 10-12% more to insure than those that are primarily driven for work/school/pleasure. Also, if you’re worried about your yearly mileage, don’t be. Even if you drive above average distances, it shouldn’t increase your premiums by more than 2-3%.
Your Coverage and Deductibles
Of course, there are ways to save on your monthly premiums while increasing the amount of coverage you can purchase. By contacting your provider and raising your deductible, you can lower your monthly payments. But this means that your upfront expenses will be higher if you do have to file a claim.
Education in Springdale, AR
If you haven’t decided whether or not to pursue a higher education, consider this incentive: college graduates save more money on their car insurance than drivers with a high school diploma. Your education is an even bigger factor than your profession, or your yearly income. In Springdale, most motorists have a high school diploma or an equivalent thereof.
For those considering a higher education in Springdale, there are a couple of local options. Ecclesia College is a private, religious institution offering bachelor’s and associates degrees. Additionally, you might also want to look into the Northwest Arkansas Community College if you prefer a public institution.
Determining your individual financial risk can be very difficult or impossible for the typical insurance shopper. Insurance companies have an advantage over consumers due to their statistics and experiential knowledge.
How We Conducted Our Car Insurance 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.
Calculate YOUR auto insurance risks by entering your Zip Code into the calculator below.