Best Cheap Auto Insurance for Seniors in Arkansas

Best Cheap Auto Insurance for Seniors in Arkansas

The words “economical” and “auto insurance” really shouldn’t be used together, in particular when you are searching for the best coverage prices for seniors. To help control this cost, let’s open your eyes to some situations that help determine insurance prices, and see if we can help you reduce the cost of your next policy.

Finding reasonably-priced insurance is not the easiest thing to do, and deciding which company has the lowest-priced car insurance rates for seniors may require additional perseverance. Insurance prices will be somewhat cheaper than the state average, with the lower price attributed to the reduced risk that goes along with offering insurance for senior citizens. Reasonable insurance should be easy to find with minimal effort.
Every insurance company uses a different method for determining rates, so we’ll go over the car insurance companies that tend to be cheaper in Arkansas.

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Cheapest Arkansas auto insurance companies
Rank Company Cost Per Year
1 USAA $991
2 Auto Club $1,015
3 Travelers $1,137
4 State Farm $1,211
5 Southern Farm Bureau $1,213
6 Columbia Insurance $1,259
7 Safeco $1,317
8 Cameron Mutual $1,329
9 Farmers $1,329
10 State Auto $1,349
11 Auto-Owners $1,373
12 Shelter $1,536
13 Progressive $1,626
14 GEICO $1,871
15 Nationwide $2,155
16 Liberty Mutual $2,186
17 MetLife $2,393
18 ALFA $2,581
19 Home State $2,612
20 Allstate $2,643
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USAA offers some of the most affordable car insurance rates in Arkansas at around $991 a year. Auto Club, Travelers, State Farm, and Southern Farm Bureau are also some of the more affordable Arkansas car insurance companies.

As shown above, if you currently have coverage with Southern Farm Bureau and switched to Auto Club, you could see yearly savings of in the vicinity of $198. Policyholders with Columbia Insurance may save as much as $244 a year, and Safeco customers might reduce prices by as much as $302 a year.

To see if you’re overpaying, click here to start your free quote or feel free to get quotes from the companies below.

Understand that those premium estimates are averages across all insureds and vehicles and and are not calculated with a rate decrease for seniors. So the car insurance company that is most affordable for your situation may not even be featured in the above rate chart. That helps illustrate why you need to get rate quotes using your own driver data and vehicle information.

For senior citizens, one of the largest things that helps insurance companies calculate the amount you pay for auto insurance is where you call home. Areas with a lot of weather claims or more people like Little Rock, El Dorado, and Hot Springs tend to have higher rates, whereas more rural areas have the enjoyment of a little cheaper coverage.

The next table illustrates the priciest cities in Arkansas for seniors to buy an auto insurance policy in.

How much is auto insurance in Arkansas?
Rank City Premium Per Year
1 Little Rock $1,548
2 Texarkana $1,507
3 El Dorado $1,482
4 Bryant $1,472
5 Hot Springs $1,457
6 Pine Bluff $1,444
7 North Little Rock $1,429
8 Cabot $1,425
9 West Memphis $1,419
10 Sherwood $1,419
11 Maumelle $1,410
12 Benton $1,401
13 Jacksonville $1,393
14 Jonesboro $1,382
15 Paragould $1,357
16 Russellville $1,356
17 Searcy $1,353
18 Conway $1,352
19 Van Buren $1,347
20 Fort Smith $1,316
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Premium costs are approximated as specific Arkansas zip code can affect premium rates substantially.

The vehicle that needs insurance is one of the largest factors that determines if you can find the cheapest insurance for seniors. Vehicles with economical engines, excellent safety ratings, or low incidents of liability claims will cost substantially less to insure than fast, unsafe models. The next list outlines coverage premiums for the most economical vehicles to insure.

Cheapest Auto Insurance Rates for Seniors in Arkansas
Vehicle Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $731
Honda CR-V EX-L 2WD $751
Volkswagen Jetta S 2.5 Station Wagon $802
Ford Escape Limited 4WD $812
Ford F-150 XLT Super Cab 2WD $812
Dodge Grand Caravan SE $821
Toyota Prius $822
Chevrolet Traverse LTZ 2WD $830
Subaru Forester X AWD $822
Chevrolet Impala LS $842
Chevrolet Silverado LS Extended Cab 4WD $863
Hyundai Tucson Limited 4WD $873
Jeep Grand Cherokee Laredo 2WD $863
Toyota RAV4 Limited 4WD $870
Subaru Outback 2.5I Premium $883
Chevrolet Malibu LT $890
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $883
Ford Explorer Eddie Bauer AWD $888
Ford Edge Limited AWD $914
Honda Odyssey EX-L W/Navigation $920
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Table data assumes married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Prices do not factor in specific zip code location which can lower or raise premiums noticeably.

Based upon these rates, cars like the Hyundai Elantra, Honda CR-V, Volkswagen Jetta, Ford Escape, and Ford F-150 should be the most economical vehicles to insure for senior citizens.

Buying coverage from the highest-rated insurance company can be a challenge considering how many different companies there are to choose from in Arkansas. The ranking information shown below could help you choose which providers you want to consider comparing price quotes from. The rankings below include companies that insure vehicles across America, so companies that may only write in Arkansas will not be included in this list.

Top 10 Large Car Insurance Companies in Arkansas Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Nationwide – 89%
  5. Travelers – 88%
  6. Progressive – 88%
  7. Safeco Insurance – 88%
  8. State Farm – 88%
  9. Allstate – 88%
  10. The Hartford – 87%

Top 10 Large Car Insurance Companies in Arkansas Ranked by A.M. Best Rating

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Esurance – A+
  6. Progressive – A+
  7. The Hartford – A+
  8. Allstate – A+
  9. Nationwide – A+
  10. The General – A-

Cheapest insurance quotes for senior citizens

Consumers have many ways to find lower-cost car insurance in Arkansas, but the most prevalent are through an independent agent, an exclusive insurance agent like Allstate or Liberty Mutual, or from a direct company like Progressive or Geico. All three ways can provide car insurance quotes, but they differ slightly in how they provide price quotes.

Independent insurance agents work with multiple companies and can compare coverage rates with each one. These types of agencies are not required to write business for one company and can compare multiple rates, which may provide you with better odds of saving money. If they quote lower rates, you can get a different policy without you having to go to a different agency.

An exclusive ageny is contracted to a single insurance company, examples being an Allstate or State Farm agent. These agents are not able to quote prices from more than just one company, so you will not be able to compare other companys’ rates.

When you buy car insurance direct, you forego local agents and buy direct online or over the phone from a company like Geico or Progressive. This option is good for families who do not need high levels of coverage and understand what specific coverages they need.

So comparing independent agents, exclusive agents, and direct, which one works best for finding the best cheap car insurance for seniors in Arkansas? Most people would assume that buying from a direct car insurance company results in the cheapest price since there is no middleman, but unfortunately, that is not the case. We could also say that using an independent agent guarantees the cheapest rates since there are more companies to choose from, but that assumption is not true either. In many circumstances, exclusive agencies may have prices well below independent agents AND direct companies.

Because there are so many factors that make up car insurance rates, really the only way to get rock-bottom rates is to get quotes and compare the rates. If time allows, get quotes from all three types to have the best rate selection. For a list of companies with online discounts, click here to view.

How to find cheaper auto insurance for seniors

Lowering your rates is not difficult, and here are some of the recommended penny-pinching suggestions that can help Arkansas drivers quote cheaper car insurance.

  • Vehicles with good safety ratings are usually cheaper to insure
  • Raise comprehensive and collision coverage deductibles
  • Avoid getting citations and tickets
  • Maintain a safe distance and avoid accidents
  • Improve your credit
  • Comparison shop frequently

The last suggestion is remarkably vital, as we pointed out in this write-up. Prices charged by auto insurers in Arkansas can change considerably in a year, so don’t be afraid to switch to a new company if a lower-cost policy is available. Many drivers have brand loyalty and that’s fine, but we do not recommend it if that loyalty results in overpaying hundreds of dollars year after year. In just a couple of minutes you could compare rates and find cheaper insurance for seniors.