Car insurance rates differ for every driver depending on factors like their age, driving history, credit score and location. Comparing rates among multiple companies is the best way to find affordable auto coverage in Arkansas; our tool below makes this quick and easy as well as providing average rates throughout Arkansas.
GEICO provides affordable car insurance rates in Arkansas to drivers of all ages. In addition, this company provides coverage options and discounts that can help save drivers money – such as offering good student discounts or safe-driving bonuses that help young drivers reduce the cost of coverage in Arkansas. Furthermore, multi-car discounts and good driver rewards programs are also offered by this provider.
Arkansas drivers’ auto insurance rates will depend heavily on their driving record, with DUI or at-fault accidents having a profound effect. But there are ways to mitigate their effect by doing comparison shopping and purchasing more comprehensive coverage with higher liability limits or increased limits of liability.
Arkansas requires minimum car insurance requirements of $25,000 in bodily injury liability per person and $50,000 per accident for bodily injury coverage; $25,000 property damage liability protection also must be included in these policies, however they may not cover high medical bills or repairs after an expensive collision; for this reason many choose to purchase more coverage than is legally mandated.
Other factors affecting Arkansas insurance rates include vehicle make and model, safety features, theft rate, etc. In general, more expensive cars tend to cost more to insure; this may or may not always be true depending on other factors like credit score. Furthermore, drivers with lower scores are considered greater risks and tend to pay higher premiums.
Arkansas drivers have three options when it comes to car insurance: liability only, full coverage and high-risk drivers-specific policies. Liability only insurance provides only minimum legal protection; therefore it tends to be the cheapest choice. Leasing or financing your vehicle? Your lender likely requires full coverage insurance which includes collision and comprehensive protection in addition to liability protection against accidents, weather events or theft.
Location can have a dramatic effect on Arkansas auto insurance rates. Factors like repair costs, traffic congestion and frequency of natural disasters or vandalism all play a factor. Furthermore, work commutes have an effect as does whether someone parks in a garage or on the street – therefore all these elements need to be considered when selecting an auto policy that’s appropriate. Drivers may save money by bundling both home and auto coverage with one provider; this is known as a bundle discount.