Who Has the Cheapest Car Insurance Rates in Little Rock?

Little Rock, whose name is derived from the French phrase La Petite Roche, sits in the middle of the state of Arkansas. Incorporated on November 7, 1831, it’s the state capital of Arkansas and boasts a population of over 3 million people. It is also the home of the 42nd president of the United States, Bill Clinton as well as his presidential library. The city sits on the Arkansas River and is the county seat of Pulaski County. Sixty-five percent of residents over the age of 16 hold a job, higher than the national average. On the other hand, they have an average commute time to and from work of 18.6 minutes, which is quite far below the national average of 26.6 minutes.

When it comes to insurance, Little Rock’s average rate of $1,654 is just under the national average and the city has the highest rates in the state. This increase from the surrounding area may be because it is ranked 42nd for highest number of auto thefts in the country, seeing 2,938 car thefts in 2018. Or, it may be that the city is crowded enough to make auto accidents a worry for insurance agencies.

What are the Insurance Requirements in Little Rock?

Drivers in the state of Arkansas are required to carry liability coverage on all vehicles that operate in the state. The minimum requirements are as follows:

  • $25,000 in bodily injury coverage for a single person
  • $50,000 in bodily injury coverage for multiple injuries in an accident
  • $25,000 in personal property damage coverage

Although these minimums meet the state requirements to drive in the state of Arkansas, it’s often advised that motorists carry additional coverage. In the event of an at-fault accident, the minimum coverage might not be enough to pay for all the damages, which could put the at-fault driver in a position to be personally, financially responsible for the additional amount. The coverage also does not provide any monetary compensation for the at-fault driver. Choosing an insurance policy that provides as much coverage as a person can afford is a better approach.

Most Expensive and Least Expensive Insurance Rates by Zip Code

Cheap Car Insurance in Little Rock by Insurer

The insurance company that provided the cheapest rates in Little Rock is GEICO, for both the minimum requirement and full coverage. The second least expensive company is State Farm. It makes sense that price is a factor when choosing an insurance company but it shouldn’t be the only thing considered. Other things that should be considered include the levels of coverage provided, the customer service rating of the company, and how quickly and thoroughly the company processes claims.

Are you looking for cheap quotes for auto coverage near you?

Low Cost Auto Insurance for Bad Credit in Little Rock

The state of Arkansas does allow insurance companies to consider a driver’s credit history when compiling an insurance quote. Companies view a driver’s credit history as a determining factor regarding if the driver will pay their premiums on time. Drivers with blemishes on their credit report will pay more in premiums than those with good credit. In some cases, the premiums could triple. It’s a good idea to know your credit rating when shopping for insurance so you can be prepared for a higher rate just in case.

Use our bad credit guide to find companies that offer lower premiums for bad credit drivers.

Full Coverage Vs. Liability, Which is Best For You?

What is Liability Only Insurance Coverage?

Liability-only coverage means coverage that only pays for the loss others incur if you are at fault in an automobile accident. These are for the medical expenses, other property damage or car repairs that you cause to another or their property in an accident.

One has the option of paying for more than the state minimum requirements outlined above for liability insurance. That is a good idea because you will be personally liable from your own finances and assets if you harm someone else or their property in an accident and your state minimum coverage levels do not fully reimburse the losses of the other party.

Why You May Want Full Coverage Car Insurance

Full coverage means that you not only have adequate insurance to cover the losses of others if you are at fault in an accident. Full coverage means you have all the liability coverage you need to care for the harm to others if you have an accident and are at fault, and you have coverage for your own losses as well. There are two main kinds of other coverages that drivers purchase in order to repair their vehicles in the event of an accident they cause:

What is Collision Coverage?

Collision insurance covers the cost of repairing your own car if you are in an accident that is your fault. A way to save money on collision insurance is to purchase it with a higher deductible. For example, it will likely be very expensive to have collision coverage on your vehicle with a $500 deductible, but a $1,500 deductible or a $2,000 deductible will save considerable money on your automobile full coverage policy.

What is Comprehensive Coverage?

Comprehensive insurance covers the cost of repairing your vehicle for those things that were not your fault, like extreme weather that damaged your vehicle, or a deer that walked in front of you, theft, or vandalism. Comprehensive insurance tends to be much cheaper than collision. Even those with older vehicles may benefit from carrying comprehensive insurance because it is relatively cheap and will cover things like windshield replacement.

Key Differences Between Full Coverage and Liability Only

The difference between full and liability coverage is quite dramatic. With liability, insurers gamble that they will only have to pay for one car in an accident. With a comprehensive or full coverage policy, insurance companies know that they are taking on more liability exposure and so their rates reflect the increased risk. In the case of a comprehensive policy, they might even have to cover claims for damages that don’t arise from a traffic incident.

Average Annual Car Insurance Rates in Arkansas by City

Additional cities in Arkansas you can check out.

Ways to Lower Your Insurance Premiums

There are many ways that you can save on auto insurance in Little Rock:

  • A good driving record

    Being a safe driver is the best way to keep your auto insurance cost down; the fewer accidents you have the less you will pay.

  • Shop around for quotes

    Insurance rates can vary substantially from company to company, which is why you will need to shop around and get quotes from each company. Most companies will give you a fast, free quote online.

  • Raise your deductible

    If you are considering getting a full-coverage plan, you can ask for a higher deductible to lower your monthly cost. The higher the deductible the lower your price will be.

  • Save on bundling

    You can save some money on auto insurance by bundling. Getting both auto insurance protections along with something like homeowners’ insurance in one plan will cost less than if you were to get separate plans.

  • Establish a good credit report

    Insurance companies base your cost on many factors, including what’s in your credit report, so, the better your credit report is, the lower your auto insurance costs will be.

  • Reduce the miles you drive daily

    Reducing how many miles you drive daily can also help cut auto insurance costs. You might consider car-pooling, taking a bus, or getting places the old-fashioned way – walk.

Find ways to lower your auto insurance premiums here.

Little Rock AR Car Insurance Premiums Cost – What Affects Your Rates?

There are many factors that affect your insurance rates, number one being your driving record and whether or not you have had previous accidents where you were at fault. Other things that can affect the amount you will have to pay for auto insurance are:

  • The company that ensures you
  • Not only the city and state you live in but the area (zip code) you reside in as well
  • Your age
  • Whether you are male or female
  • Your earnings
  • Marital status
  • Your credit score
  • Speeding tickets or other tickets you have incurred
  • How many years of driving experience you have
  • How many miles you drive regularly, including your commute to work
  • The year, make, and model of your vehicle
  • Where you park your car when not in use

Find the best insurance rates with tickets and accidents using this guide.

Helpful Little Rock, Arkansas Vehicle Resources:

Live Traffic and Accidents

DMV (Find Locations, Vehicle Registration, Titles and Insurance Info)


Get a quote1.855.283.2631