Average Renters Insurance Cost in Arkansas

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Renters insurance costs in Arkansas varies depending on various factors, including the coverage amount, insurance company, and individual circumstances. But, the average renters insurance cost in Arkansas is $352 per year or $29 per month for coverage limits of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates and actual premium costs may differ.

Renters insurance companies in Arkansas

USAA offers affordable renters insurance in Arkansas at an average annual rate of $234 followed by State Farm and Shelter Insurance, based on Insure.com’s analysis.

But it’s smart to get multiple quotes for various renters insurance companies in Arkansas because the prices vary a lot among carriers.

Below we have compared the average annual and monthly renters insurance rates of insurance companies across Arkansas.

Company	Average annual rate	Average monthly rate
USAA	$234	$20
State Farm	$247	$21
Shelter Insurance	$267	$22
Farm Bureau Mutual Ins Co of AR	$292	$24
Nationwide	$324	$27
Auto-Owners	$384	$32
Allstate	$399	$33
Farmers	$421	$35
Travelers	$847	$71

Average cost of renters insurance in Arkansas by coverage level

As we discussed above, in Arkansas, the average cost of renters insurance is $352 per year, that’s $85 less than the national average. These rates are for the coverage level of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible.

However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $255 per year for renters insurance in Arkansas for $300,000 in liability protection and $1000 deductible.

Find below the average cost of renters insurance in Arkansas for personal property coverage of $20,000 and $40,000.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
20000	$255	$21
40000	$352	$29
60000	$448	$37

Most affordable ZIP codes for renters insurance in Arkansas

How much Arkansas renters pay for insurance majorly depends on the ZIP code they live in. 72717 is the most affordable ZIP for renters insurance in Arkansas among all the ZIP codes analyzed, at about $300 a year on average.

Rates vary based on the zip code, that’s why comparing quotes is one of the easiest ways to get the best deal on renters insurance in Arkansas.

Zipcode	Average annual rate	Average monthly rate
72717	$300	$25
72703	$301	$25
72704	$302	$25
72774	$308	$26
72768	$310	$26
72736	$311	$26
72959	$312	$26
72760	$314	$26
72773	$314	$26
72727	$315	$26

Least affordable ZIP codes for renters insurance in Arkansas

Your zip code, among other factors, affects how much you pay for renters insurance in Arkansas. 72391 is the least affordable zip code for Arkansas renters at an average cost of $401 a year or $33 monthly.

We have analyzed quotes from the major insurance carriers across all the zip codes in Arkansas. Below are the average annual renters insurance costs by ZIP code.

Zipcode	Average annual rate	Average monthly rate
72391	$401	$33
72377	$398	$33
72389	$397	$33
72322	$395	$33
72441	$393	$33
72474	$393	$33
72462	$391	$33
72123	$390	$33
72327	$387	$32
72526	$385	$32

Renters and auto bundle discounts in Arkansas

If you’re looking for ways to trim costs on your insurance premiums, consider purchasing renters and auto insurance from the same company.

Bundling policies can help you save an average of 18% per year in Arkansas. State Farm offers the cheapest rate on renters and auto insurance bundle, you can save 35% a year on your premiums.

Company	Average annual rate	Average base annual rate (without bundling)	$ bundle average savings	% bundle average savings
State Farm	$1,936	$2,966	$1,031	35%
Shelter Insurance	$2,033	$2,682	$648	24%
Farm Bureau Mutual Ins Co of AR	$2,248	$2,978	$729	24%
Allstate	$2,429	$2,782	$353	13%
USAA	$2,808	$3,277	$469	14%
Nationwide	$3,698	$4,845	$1,147	24%
Auto-Owners	$4,011	$4,508	$498	11%
Farmers	$4,103	$5,090	$987	17%
Travelers	$7,768	$8,713	$945	11%

Final thoughts: Average renters insurance in Arkansas

Renters insurance is a must-have for renters in Arkansas. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters.

To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. Consider factors like coverage options, deductibles, and customer reviews in addition to price.

Methodology

Insure.com commissioned Quadrant Information Services to gather renters insurance rates for all available ZIP codes in Arkansas. These rates include a coverage limit of $300,000 for liability coverage, personal property coverage ranging from $20,000 to $40,000, and a $1,000 deductible, with credit tier alignment specified as good/none.

How much is renters insurance in other states

Alaska$192/Year

Alabama$250/Year

Arizona$177/Year

California$224/Year

Colorado$143/Year

Connecticut$200/Year

Delaware$174/Year

Florida$245/Year

Georgia$234/Year

Hawaii$165/Year

Iowa$142/Year

Idaho$142/Year

Illinois$174/Year

Indiana$187/Year

Kansas$176/Year

Kentucky$149/Year

Louisiana$355/Year

Massachusetts$168/Year

Maryland$183/Year

Maine$136/Year

Michigan$253/Year

Minnesota$161/Year

Missouri$168/Year

Mississippi$288/Year

Montana$192/Year

North Carolina$183/Year

North Dakota$126/Year

Nebraska$187/Year

New Hampshire$131/Year

New Jersey$148/Year

New Mexico$158/Year

Nevada$193/Year

New York$225/Year

Ohio$181/Year

Oklahoma$198/Year

Oregon$204/Year

Pennsylvania$186/Year

Rhode Island$389/Year

South Carolina$220/Year

South Dakota$141/Year

Tennessee$212/Year

Texas$158/Year

Utah$153/Year

Virginia$177/Year

Vermont$142/Year

Washington$182/Year

Wisconsin$119/Year

West Virginia$184/Year

Wyoming$111/Year

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.