How Much are Car Insurance Quotes for Infrequent Drivers in Arkansas?

For low mileage drivers, one of the big things that play a part in determining auto insurance rates is the neighborhood you call home in Arkansas. Cities that have higher claim levels or more people like Hot Springs, El Dorado, and Bryant will most likely have higher rates, whereas less populated areas receive better rates.

The table below ranks the most expensive cities in Arkansas for infrequent drivers to purchase auto insurance in.

Price information shown is approximated as zip code location can modify premiums considerably.

The vehicle model requiring insurance is a large consideration when quoting the lowest-priced coverage for infrequent drivers. Vehicles with limited top-end speed, modern passenger safety features, or a low likelihood of having liability claims will cost substantially less to insure than higher performance models.

The next tables presents coverage rates for some of the most affordable vehicles to insure in Arkansas.

Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Estimates do not factor in specific location information which can increase or decrease price quotes significantly.

Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in garaging location in Arkansas which can alter coverage prices noticeably.

Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rate quotes do not factor in specific Arkansas garaging location which can revise prices significantly.

Shopping around for cheap car insurance is challenging, and figuring out which companies offer the cheapest auto insurance rates for infrequent drivers will involve even more rate comparisons. Every car insurance company has their own guidelines for setting prices, so let’s begin by examining the overall cheapest auto insurance companies in Arkansas.

We do need to point out that Arkansas auto insurance rates are based on many factors which can significantly increase or decrease the price of coverage. Price variation is why Arkansas drivers need to compare many different companies to find the most affordable car insurance quotes for infrequent drivers. Insurance prices are calculated by many risk factors and change substantially, so the best option a year ago may now be an over-priced policy.

Compare Cheap Insurance Quotes in Arkansas

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USAA quotes some of the best car insurance rates in Arkansas at around $991 annually. Auto Club, Travelers, Southern Farm Bureau, and State Farm would also make the list of some of the more affordable Arkansas auto insurance companies.

In the rate table above, if you are insured with Travelers and switched to USAA, you might realize yearly savings of in the vicinity of $113. Drivers with Southern Farm Bureau may save as much as $234 a year, and State Farm customers might see rate reductions of $257 a year.

It’s important to note that these rates are averaged for all drivers and vehicles in Arkansas and do not factor in a rate decrease for infrequent drivers. So the insurer that can offer you the best rate may not even be in the company chart above. That emphasizes why you need to get car insurance quotes using your own individual information.

Get discount Arkansas car insurance

Insurance companies that offer cheap insurance for infrequent drivers in Arkansas may provide special discounts that could potentially reduce rates by 35% or more if you qualify. Companies and their possible discounts are included below.

The example below shows the difference between car insurance costs with and without discounts applied to the policy premium. The data is based on a male driver, no driving violations, no at-fault accidents, Arkansas state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with claim-free, passive restraint, defensive driving course, marriage, homeowner, and anti-theft discounts applied. When discounts are factored in, the average amount saved each year on auto insurance for infrequent drivers is 13% or $318.

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How much more does full coverage cost?

Finding cheap insurance for infrequent drivers in Arkansas should be important to the majority of drivers, and one of the quickest ways to pay less for insurance is to not insure for full coverage. The information below shows the comparison of auto insurance costs with and without physical damage coverage. The rate quotes are based on no claims or driving citations, $500 deductibles, marital status is single, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $500 Deductibles’, ‘Liability Only’],[‘Age 20’, 2717,1029],[‘Age 30’, 1435,567],[‘Age 40’, 1401,525],[‘Age 50’, 1283,493],[‘Age 60’, 1237,483],[‘Age 70’, 1525,645]]);var options = {title: ‘Full Coverage Rates Compared to Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Arkansas’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

As an overall average, physical damage insurance costs an extra $1,600 per year over having just liability coverage. At some point, about every driver wonders if buying full coverage is worth the money. There is no set rule for dropping physical damage coverage, but there is a general guideline you can use. If the yearly cost of full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your vehicle’s replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $3,000 after the deductible is paid. If it’s costing you more than $300 a year for comprehensive and collision coverage, then you might consider buying liability only.

There are some conditions where eliminating full coverage is not advised. If you still have a lienholder on your title, you must maintain physical damage coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not drop full coverage.

Which auto insurance company is best?

When comparing auto insurance for low mileage drivers in Arkansas, the first places to look would be Allstate, Geico, Progressive, and State Farm. Combined they have almost half of all auto insurance written. They all offer your standard coverages, but each one has a distinct set of features and optional coverages that can influence your buying decision. The table below breaks down ratings and policy coverage options that are available for customers.