Average homeowners insurance cost in Arkansas

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Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.

According to Insure.com’s data analysis, the average cost of homeowners insurance in Arkansas is $3,948 a year.

Continue reading to learn more about homeowners insurance rates in Arkansas by ZIP code and insurer.

Key Takeaways

Homeowners insurance costs an average of $3,948 a year, based on Insure.com analysis.
Of all the ZIP codes in Arkansas, 72207 has the most affordable home insurance rates at around $3,800 annually.
In Arkansas, State Farm provides the most affordable home insurance at an average annual premium of $3,195.

Average home insurance cost in Arkansas by coverage level

In Arkansas, the annual homeowners insurance cost is $3,948, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.

Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $4,787 in Arkansas, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Arkansas based on dwelling coverage limits of $300,000, $400,000, and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,323	$277
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,328	$277
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,948	$329
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,958	$330
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$4,787	$399
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$4,795	$400
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$7,721	$643
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$7,736	$645
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$12,424	$1,035
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$12,444	$1,037

In Arkansas, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history, credit history and coverage limit all affect your premium.

If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Arkansas

It’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Arkansas using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Arkansas. Based on the analysis, Farm Bureau Insurance of Arkansas received the lowest NAIC score and A rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Farm Bureau Insurance of Arkansas	$3,367	A	0.04	5
Shelter Insurance	$4,075	A	0.42	4.32
Auto-Owners	$5,525	A++	0.33	4.31
Farmers	$4,548	A	0.54	4.06
State Farm	$3,195	A++	0.95	3.92
Allstate	$3,407	A+	0.9	3.87
Nationwide	$3,737	A+	0.87	3.84
Travelers	$9,591	A++	0.54	3.22

Average homeowners insurance cost by company in Arkansas

State Farm provides the most affordable homeowners insurance in Arkansas, with an average annual premium of $3,195. Farm Bureau Insurance of Arkansas and Allstate also offer cheap home insurance rates.

Shopping around for homeowners insurance can help you save hundreds of dollars annually.

Here are the average annual and monthly insurance rates for homeowners in Arkansas with a policy that provides $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
State Farm	$3,195	$266
Farm Bureau Insurance of Arkansas	$3,367	$281
Allstate	$3,407	$284
Nationwide	$3,737	$311
Shelter Insurance	$4,075	$340
Auto-Owners	$5,525	$460
Farmers	$5,893	$491
Travelers	$12,444	$1,037
USAA*	$3,634	$303

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

Arkansas homeowners insurance rates by ZIP code

In Arkansas, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.

Shop around and compare quotes from different insurance companies to find the best home insurance rates in Arkansas. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.

Most affordable ZIP codes for home insurance rates in Arkansas

Homeowners insurance costs in Arkansas can vary widely by location, with your ZIP code being a key factor in determining your rate. Based on our data, the the 72207 area has the most affordable insurance rates, at $3,800 annually or $317 monthly.

Below are the homeowners insurance rates for the most affordable ZIP codes in Arkansas.

ZIP code	Average annual rate	Average monthly rate
72207	$3,800	$317
72205	$3,829	$319
72113	$3,883	$324
72116	$3,911	$326
72223	$3,931	$328
72227	$3,943	$329
72758	$3,944	$329
72212	$3,954	$330
72211	$3,958	$330
72118	$3,977	$331

Most expensive ZIP codes for home insurance rates in Arkansas

Your ZIP code plays a significant role in determining the cost of your homeowners insurance. In Arkansas, some areas face higher premiums due to factors like high crime rates, greater risk of natural disasters and higher living expenses.

In Arkansas, 72540 has the highest homeowners insurance rates, at $6,075 per year.

Here, we’ve highlighted some of the most expensive ZIP codes in Arkansas for homeowners insurance:

ZIP code	Average annual rate	Average monthly rate
72540	$6,075	$506
72577	$6,036	$503
72573	$6,030	$502
72536	$5,957	$496
72517	$5,857	$488
72475	$5,824	$485
72322	$5,801	$483
72387	$5,755	$480
72075	$5,713	$476
72341	$5,703	$475

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Arkansas by city

See rates in your city

Home insurance rate trend in Arkansas

We analyzed home insurance rate trends in Arkansas and found that homeowners insurance rates experienced an overall decrease of 3% or $114, from 2022 to 2023.

The below data shows how much homeowners insurance rates have changed since 2019.

2019 rates	2022 rates	2023 rates
$3,365	$4,062	$3,948

To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get the most affordable coverage in Arkansas.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

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.