Average homeowners insurance cost in Fayetteville, Arkansas

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In Fayetteville, homeowners pay an average annual rate of $3,531 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to our data. This is $949 more than the national average of $2,582 .

Homeowners insurance premiums can vary significantly from one property to another. In Fayetteville, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read our guide to discover the monthly homeowners insurance cost in Fayetteville, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Fayetteville.

Key Takeaways

Homeowners insurance costs $3,531 per year in Fayetteville.
At $3,092 per year, Farm Bureau Mutual Ins Co of AR offers the cheapest homeowners insurance in Fayetteville.
Your home insurance rates increase by $358 more annually if you increase your dwelling coverage from $200,000 to $300,000.

Average homeowners insurance cost in Fayetteville per month

Fayetteville homeowners pay an average of $294 a month. It’s $35 less than the state average of $329 and $79 more than the national average for home insurance across the nation. The price of your homeowners insurance policy in Fayetteville may vary depending on where you live, the value of your home, and the coverage you choose.

Average homeowners insurance cost for a $200,000 house

Homeowners insurance with $200,000 in dwelling coverage and $100,000 in liability protection costs about $3,173 per year in Fayetteville. Your rate can vary based on a number of factors, especially the risk of natural disasters in your area. Places more prone to floods, hurricanes, or tornadoes often face higher rebuilding costs, which leads to higher insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damage. So, if you live in an area prone to flooding, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house

Fayetteville residents pay an average of $3,531 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. To increase your dwelling coverage from $200,000 to $300,000, you’ll pay an additional $358 per year.

The smartest approach is to carry enough insurance to cover the full cost of rebuilding your home.

Average homeowners insurance cost in Fayetteville by company

Among the carriers we analyzed, Farm Bureau Mutual Ins Co of AR is the most affordable homeowners insurance company in Fayetteville, offering an average annual rate of $3,092 , while Farmers ranks second.

Researching a company thoroughly before selecting a homeowners insurance policy is essential – and we can help with that. We took a close look at all the insurance companies serving Fayetteville and put together a list of the most affordable ones.

Here’s a look at the top home insurance companies in Fayetteville and what you can expect to pay with each one on average.

Home Insurance Company	Annual rate
Farm Bureau Mutual Ins Co of AR	$3,092
Farmers	$3,138
State Farm	$3,263
Allstate	$3,523
Shelter Insurance	$3,813
Auto-Owners	$5,270
Nationwide	$3,763
USAA*	$3,441

*USAA is only available to military community members and their families.

Many insurance companies offer discounts to customers who bundle their policies. By combining your home insurance policy with other policies, such as auto insurance, you can lower your premiums and simplify your insurance management with one provider.

Natural disasters in Arkansas that can impact your home insurance

Natural disasters are a part of life in Arkansas, often leading to expensive insurance claims. That’s why it’s so important to understand which disasters are most likely in your area before choosing a home insurance policy.

When you’re aware of the specific risks in your region, you can tailor your coverage to match – whether that means increasing your policy limits, choosing a deductible you’re comfortable with, or adding extra protection for uncovered events. Taking these steps now can help you avoid being underinsured and give you more financial security if a natural disaster hits your area.

Arkansas is commonly affected by Ice storm and Winter weather.

How home insurance protects you against natural disasters

Home insurance is an essential safeguard for your financial well-being, offering protection if you’re affected by a natural disaster. Natural disasters can lead to costly damage, but the right policy can help cover the cost of repairs, sparing you from major out-of-pocket costs. In many cases, home insurance also pays for temporary living expenses if you can’t live in your home.

However, not all natural disasters are covered under a standard home insurance policy. For example, flood and earthquake damage are excluded and require separate coverage. That’s why it’s so important to understand the specific natural disaster risks in your area. By doing so, you can choose a policy that truly protects your home – and your finances – from the threats that are most likely to affect you.

Pro tip: Review your policy annually

There’s little time to prepare for a natural disaster, and it’s too late to make changes once a storm is on the radar. Make sure your homeowners insurance includes coverage for the types of disasters common in your area. Standard policies don’t always cover everything, like flood damage, so double-check exclusions and consider add-ons if you need them.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Fayetteville for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.