Are you heading to Little Rock with your family for some fun? Are you planning a trip to Hot Springs for a little bit of relaxation and rest? Make sure you are covered by adequate auto insurance in Arkansas.
The good news for Arkansas residents is that the insurance rates for cars are 7% lower than the National average. In addition to that, there are a lot of car insurance agencies. This makes getting a good auto insurance quote very easy. This helps a lot when you are planning to take auto insurance in Arkansas
It is surprising that the insurance rates in Arkansas are lower than the National average. In Arkansas, there were 17 deaths by car accidents for every 100,000 people as compared to the National average of 10 deaths per 100,000 people by car accidents. In addition to that, Arkansas has one of the highest car repair costs in the country.
As per the state laws of Arkansas, you need to have the below-mentioned minimum coverage for your car:
- $25,000 per person bodily injury liability.
- $50,000 per incident bodily injury liability.
- $25,000 per incident property damage liability.
It is always advisable to take coverage which is more than the minimum. If the accident is caused by you and your insurance coverage doesn’t cover the cost of the other person’s car damage, you may have to shell out the difference.
Types of Coverage for Auto Insurance in Arkansas
In addition to the above-mentioned coverage, you can also opt for other coverage options. You can choose Comprehensive coverage, Collision coverage, Loan/Lease Payoff coverage, Personal Injury Protection (PIP) coverage, Rental Car Reimbursement coverage, Roadside Assistance coverage, Uninsured/Underinsured Motorist Bodily Injury coverage, and Uninsured Motorist Property Damage coverage. You need to consider which of the above you could need the most and then decide if you want to opt for the cover and how much cover you would need.
In Arkansas, liability coverage is a legal requirement. You will have to pay for the damages to the other person’s car, pay for the person’s injuries and for lost wages if you are at fault in an accident. Since there are many insurance companies that can provide you cover for the above-mentioned points, it is best to check and compare the prices. You can also check our compilation of the best car insurance companies.
Factors that Determine Car Insurance in Arkansas
Even within Arkansas, your car insurance will vary depending on the town or city you live in. Little Rock, Pine Bluff and North Little Rock, in general, have the lowest car insurance premiums. Springdale, Paragould, and Bentonville have the highest car insurance in Arkansas.
Along with the fact that the prices of car insurance vary as per the location, you need to keep in mind many other factors that will impact the premium that you pay. When it comes to the age and make of your car, the better the model with more safety features, the lower your insurance premium will be. If the age of the car is high, you will have to pay more premiums. Likewise, your own age, driving record and the number of cars you insure will help to determine your car insurance premium. That is why it is best to take some time and compare the various rates from different insurance providers and finalize on one which is the most appropriate for you.
After you have finalized on one insurance provider, make sure you check the unbiased rating of the insurance company with NAIC (national association of insurance commissioners). When you check reviews online, you may or may not get genuine reviews. Most online reviews when it comes to car insurance in Arkansas will be from bitter car owners who have a grievance. This is because car owners who have had their insurance paid in full and on time rarely take the time to write a review. That is why checking the rating from an unbiased source like NAIC is very important.