Best Arkansas Homeowners Insurance Quotes (2025)

Home insurance in Arkansas costs $3,156 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible. That’s significantly more expensive than the U.S. national average of $2,520 per year.

Rates in Arkansas are significantly higher than the U.S. national average because of the state’s severe weather risks — especially tornadoes. Arkansas recorded more than 30 tornadoes in the first six months of 2024.1

While home insurance is generally more expensive in Arkansas, it’s still possible to find affordable rates. Here’s how.

Best home insurance companies in Arkansas

The best home insurance company for you will depend on your unique situation and your coverage needs. That’s why it’s also a good idea to compare rates from several companies to find the most affordable policy for you.

Below, you’ll find a list of some of the top companies in Arkansas. Keep them in mind as you begin your search for new coverage.

Cheapest rates: Travelers

Best insurer for coverage options: Allstate

Best insurer for discounts: Farmers

Best insurer for military members: USAA

Cheapest home insurance in Arkansas

The cheapest home insurance company in Arkansas is Farmers, which has an average monthly premium of $122 for a policy with $300,000 in dwelling insurance. But Travelers, USAA, and Allstate also offer cheap coverage in Arkansas.

Keep in mind the most affordable insurer for you may be another company entirely. That’s why it’s important to compare quotes from several companies before selecting a policy.

Here, you can see several of the cheapest home insurance companies in Arkansas as well as their average monthly premiums for $300,000 in dwelling coverage.

Cost of homeowners insurance in Arkansas

The average annual home insurance premium in Arkansas is $3,012 for a policy with $300,000 in dwelling coverage. That equates to roughly $251 per month.

Your rates will vary based on your ZIP code, the size and age of your home, your claim history, and your type of home insurance coverage. If you qualify for any home insurance discounts, you might be able to reduce your premium.

Cost of homeowners insurance by dwelling coverage amount

One of the factors that affects home insurance prices is the amount of dwelling coverage you choose. The higher your dwelling coverage limit is, the more expensive your premium will be.

Below, you can see the average cost of homeowners insurance in Arkansas for several different dwelling insurance coverage limits. Rates shown are for policies with a $1,000 deductible.

Cost of homeowners insurance by deductible

Your deductible is the amount of money you’re required to pay out of pocket before your insurer will pay on a covered claim. Choosing a higher deductible will result in a lower premium because you’re taking on more of the risk yourself. Meanwhile, a lower deductible will result in you paying a higher premium.

The table below shows the price difference for a policy with a $500 deductible versus a $1,000 deductible for $300,000 in dwelling coverage.

How to get cheap homeowners insurance in Arkansas

Many factors dictate the rate you pay for home insurance. Some of them are outside your control. Here are some things you can do to reduce your home insurance expenses:4

• Look for discounts. Many of the best home insurance companies offer discounts that can reduce your premium. When shopping for home insurance in Arkansas, pay attention to the discounts available, and choose an insurer that offers multiple discounts you can take advantage of.

• Bundle your policies. You can often save money by bundling more than one insurance policy together, like home insurance with auto insurance, life insurance, or business insurance. If you need multiple insurance policies, you can look for an insurance company that offers a lucrative bundling discount.

• Choose a higher deductible. Choosing a higher deductible generally allows you to pay a lower monthly premium because you’re taking on more up-front risk. Just make sure not to set your deductible so high you can’t afford to pay it in the event of a claim.

• Shop around. Your home insurance rate depends on many different factors. To find the most affordable policy for your unique situation, shop around and compare personalized quotes from several different insurance companies.

How much homeowners insurance do you need in Arkansas?

Homeowners insurance policies aren’t legally required in Arkansas, but if you have a mortgage, your lender will probably require it. Before you purchase home insurance, it’s important to understand what home insurance covers and determine how much coverage you need.

Most insurance experts recommend having enough dwelling insurance to cover the cost of rebuilding your house to its condition before the loss occurred. This includes any attached structures, like a garage or porch.

You should also have enough personal property insurance to match the estimated value of all your personal belongings, including your furniture and clothing.

For liability insurance, a good rule of thumb is to select a policy limit based on your personal assets. This includes vehicles, boats, real estate, savings, investments, and retirement accounts. Make sure your liability insurance will cover the full value of your assets in case of a third-party claim or lawsuit.

What are some of the biggest risks of owning a home in Arkansas?

Homeowners in Arkansas face a variety of risks and natural disasters. Here are some of the most common perils to be aware of if you own a home in the Natural State:

Arkansas homeowners insurance FAQs