Best homeowners insurance companies in Arkansas for 2025

Compare the best homeowners insurance companies in Arkansas

Although your rate may vary from this, the average home insurance cost in Arkansas for $300,000 in dwelling coverage is $3,151 per year. Using rate data from Quadrant Information Services, we compared average rates from top companies with the state average. Looking at companies with competitive rates, we further narrowed our list by analyzing coverage options, discounts, digital tools, scores from the 2024 J.D. Power Home Insurance Study and AM Best financial strength ratings.

The top 5 home insurance companies in Arkansas

Additional Arkansas home insurance companies to consider

Arkansas Farm Bureau

Farmers

How Bankrate chose the best home insurance companies in Arkansas

To find the best home insurance companies in Arkansas, Bankrate's insurance editorial team, which includes licensed agents with industry experience, analyzed information about the companies writing the most policies in The Natural State. We looked at average rates, of course, but you may also have other concerns, such as the ability to handle your policy online or the breadth of coverage options you can choose from. Every company was scored between 0.0 and 5.0 on these and other factors to determine its Bankrate Score. The higher this score, the better we felt the company would be able to meet the needs of Arkansas homeowners.

Cheapest home insurance companies in Arkansas

Finding cheap home insurance companies in Arkansas can be challenging, especially due to the recent increase in extreme weather and the rising cost of building materials. Evaluating your coverage needs and shopping rates and options with other carriers may be a good way to find a rate that is easier on your budget. We compiled a list of the best cheapest home insurance companies in Arkansas using average rate data from Quadrant Information Services.

How to get cheap Arkansas home insurance

If you're looking for the cheapest home insurance, there are steps you may be able to take to keep your home insurance cost down:

1. Shop around and compare rates: Don't assume that the first quote you receive is the lowest possible price. It can be worth the extra time it takes to get multiple home insurance quotes because you may find a lower price from another carrier. Usually, it's simple and free to get a quote by working with a local agent, and many insurers let you do so in minutes on their website.
2. Improve your credit score: Your credit history is one of the factors that Arkansas insurers can use to determine your rate. Because actuarial data shows that homeowners with excellent credit tend to file fewer claims, they may receive a preferential rate.
3. Maintain your roof: An old or damaged roof could potentially be the cause of a costly insurance claim. To avoid that, insurers will often reduce your rate if you have a newer roof, especially if you build it with storm-resistant materials. You could check with your insurer about roof-related savings opportunities.

Best home insurance discounts in Arkansas

The best home insurance companies offer at least a handful of discounts for potential policy savings. Some common ones you might find include:

How to save on home insurance policy renewals in Arkansas

Most homeowners receive their policy renewals about 45 days before the renewal date. This is the perfect time to review your policy coverage, premium and discounts to ensure you are still happy with your selections and make adjustments if needed. If finding a cheaper policy is your main concern, here are a few ideas that may help you reduce your insurance cost:

• Limit your claims: Submitting a claim usually increases your premium, and filing multiple claims in a short period may make your home seem "too risky" to insure in the future. Aim to use your home insurance when the cost to repair your home is more than what you can reasonably afford out of pocket, helping avoid situations where additional claims in a short timeframe could lead to a policy nonrenewal.
• Keep up with home maintenance: When homes fall into disrepair, they may not meet underwriting guidelines, which can cause companies to limit your coverage options or for claims to be denied. Keeping your home and roof in good condition can also reduce the likelihood of experiencing a loss.
• Mitigate your risks: Arkansas is a high-risk area prone to severe convective storms that include tornadoes, damaging straight-line winds, large hail and flooding rains. Awareness of your area's natural hazards and mitigating your risks can help you save money and protect your home. Safety measures, like installing hurricane shutters or fortifying your roof, may even help you earn a mitigation discount.
• Inquire about discounts: If your renewal premium is more costly than ideal, speak with your insurance agent about discount opportunities. Bundling home insurance with your auto may be a way to save money without sacrificing coverage.
• Shop your policy early: You can compare rates and change insurance providers at any time; you don’t have to wait until your renewal. Many insurance providers offer an early bird discount for shoppers who buy a policy days or weeks before the coverage is in effect.

How much is home insurance in Arkansas?

The average cost of homeowners insurance in Arkansas is $3,151 per year for $300,000 in dwelling coverage, which is 41 percent more than the national average of $2,242 for the same amount of dwelling coverage. Arkansas’ higher average premium may be partly due to the frequency of natural disasters that lead to insurance claims. Rates in this part of the country may vary greatly depending on factors such as the risk of tornado damage. This can be seen by looking at the average rates for neighboring states. Oklahoma homeowners pay an average of $4,651 for $300,000 in dwelling coverage, while Missouri’s average rate is lower at $2,383.

Arkansas homeowners insurance rates by city

Arkansas home insurance premiums can fluctuate by city and even within ZIP codes. Risk factors can vary significantly between crime rates, weather patterns, home rebuilding costs and other rating factors directly impacting home insurance costs. To better understand the average Arkansas home insurance cost on a city level, take a look at the city-specific data below.

*Rates are for $300,000 in dwelling coverage.

What does home insurance cover in Arkansas?

HO-3 insurance policies are the most popular type of home insurance. Dwelling and other structures coverage is written on an open-peril basis, which covers every kind of peril that isn't specifically excluded from your policy. Personal property coverage, also known as contents coverage, is written on a named peril basis, meaning it is only covered from the perils listed in the policy. It is standard to have 16 named perils for personal property.

While most policy forms are standardized to provide consistency within the insurance industry, in areas prone to certain types of disasters, insurance providers can exclude or put limitations on perils to mitigate their risk. Below are a few of the most common types of damage covered by a standard HO-3 policy in Arkansas, but review your policy paperwork to learn the specifics regarding your policy.

• Fire and lightning: Whether it is from a cooking debacle or a wildfire, damage from fire is usually covered by homeowners insurance in Arkansas.
• Windstorms, hail and tornadoes: Since Arkansas experiences a higher amount of wind and tornado damage than other states, it is common for homeowners to have a separate wind/hail deductible that is based on a percentage of their dwelling coverage. This will not be true of all policies. Some homeowners outside of the high-risk tornado area may have a standard flat deductible.
• Weight of ice or snow: Arkansas gets its fair share of snow and damage from the weight of ice and snow is usually covered.

Additional home insurance coverage types in Arkansas

Even the best homeowners insurance in Arkansas may not automatically include all the coverage types you need. Endorsements are optional add-ons that may help you build a more robust policy. Common endorsements and standalone policies you might consider in Arkansas include:

• Flood insurance: Most standard homeowners insurance policies do not include coverage for flood damage, which is critical to know considering that Arkansas is prone to severe flooding events. If you live in a flood plain or in any area that is at risk of flooding, you may want to consider augmenting your coverage with a flood insurance policy. These are often underwritten by the National Flood Insurance Program (NFIP), but may be available from your regular carrier or private flood insurers. If you have a mortgage, your lender might require you to purchase flood insurance coverage.
• Scheduled personal property coverage: If you own items with an individual value of over $500, such as fine jewelry or electronics, you may not receive the item’s full value after a covered peril. Scheduled personal property may ensure the higher-value items’ replacement cost is accounted for in your policy.
• Identity theft coverage: As more of our personal information lives online, identity theft is becoming more common. Identity theft coverage is designed to help cover the costs associated with restoring your identity after a breach.

Common Arkansas home insurance problems

According to the Environmental Protection Agency, Arkansas faces an increased risk of heavy precipitation and flooding. The state has also experienced an increase in the number of tornadoes, strong thunderstorms with heavy wind damage and the number of storms producing large amounts of hail. Several bills were introduced during the 2025 Arkansas legislative session to address the state's growing risk crisis.

Insurance companies began losing money by paying out claims in Arkansas, which has led many companies to raise their rates or consider leaving the state. In February 2024, American National announced it was withdrawing from the Arkansas home insurance market due to consistent losses within the state. Going forward, it may become more challenging for Arkansas homeowners to find affordable policies or insurers willing to extend them coverage.

Frequently asked questions

Bankrate Scores 

Our 2025 Bankrate Score considers variables our insurance editorial team determined impact policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s cost of coverage, product availability, financial strength ratings, online capabilities and customer and claims support accessibility. We grouped these factors into three essential categories — cost and ratings, coverage and savings, and support — which we then weighted in a tiered approach.

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.