Auto Insurance In Arkansas




When you drive a car, there is no doubt that you will follow a safe driving following all the required traffic rules. This does not mean that you will be free from accidents. There are some rash drivers everywhere in the world causing some nasty accidents in which people are injured and many public and private properties are damaged to a great extent. As a common man, no one will be able to meet the expenses involved in such accidents by himself or herself. That is why auto insurance is there and in many parts of the world, this type of insurance is compulsory to purchase. We are going to discuss about the available auto insurance facilities in Arkansas in the forthcoming paragraphs.

Required Insurance Coverages in Arkansas:

The car owners and drivers of Arkansas are legally required to carry the auto insurance liability coverages as prescribed below.

$25,000 for bodily injury for one person

$50,000 for bodily injury for one accident

$25,000 for property damage liability.

The above auto insurance in Arkansas is the minimum insurance liability coverage, which is a must for every driver. Besides the above minimum coverages, auto insurance companies in Arkansas offer many optional coverages such as comprehensive, collision, uninsured motorist coverage, underinsured motorist coverage,  towing and labor, personal injury protection and the like. Even though these coverages are optional, you may be compelled to buy some of them,  if your vehicle is bought under loan.

Moreover, it is always better to buy an insurance which is more than the required coverage, by law. This is because, the minimum liability insurance coverage will not be fruitful or enough to meet the resulting expenses in case of any nasty and big accidents, to which you may be held responsible. However care you are, one cannot avoid accidents due to indifferent driving by some other drivers. This can happen due to some natural disasters too. It is true that you can get an affordable auto insurance in Arkansas but buying the barest minimum is not worth and will not solve the true purpose for which it is bought.

Insurance Rules in Arkansas:

As regards to auto insurance for teens in Arkansas,  apart from insurance coverage, the teenagers between the ages of 14 and 18 can apply for driving license and obtain a restricted license. At the age of 14, the teens can get learners license and after the completion of 16, they can apply for intermediate license. At the age of 18, these teenagers can apply for regular driving license and when they are in possession of learners license, a person with a valid driving license and who is above the age of 21 must accompany them.

Factors that have Impact on Insurance Premiums:

Auto insurance providers in Arkansas take many factors into consideration in deciding the auto insurance premiums and that is why the rates vary from company to company and from individual to individual. Some of them are year, make and model of your car, driving records of drivers, location where the car is parked, discounts you may qualify for, the required coverages, limits and deductibles you choose, age and total years licensed, marital status and age and gender of the drivers.

Many reputed auto insurance companies in Arkansas have created their own websites through which you can get instant auto insurance quote in Arkansas. This will enable you to compare the quotes of different companies and choose the best one that suits you.

When compared to some other States of US, auto insurance cost in Arkansas is considerably low. As regards to cheap auto insurance in Arkansas is concerned, a study has revealed that the auto insurance companies namely Shelter, Farmers, State Farm, Allstate and Southern Farm Bureau charge $1091, $1475, $1187, $2201 and $1319 respectively as annual premiums on an average. In this regard, you may note that the average annual auto insurance premium in Arkansas is quoted as about $1455. For your information, the national average stands at $1669 per year.

How to Save Money on Insurance?

You are aware that the risk of crash is significantly high when the driver is a teenager and naturally the cost of premium will be higher in that stage. For such teenage drivers and other drivers, there are some definite ways to reduce their auto insurance premiums and they are given as below.

  • You can consult your auto insurance representative how much low your insurance premium will be if you increase your deductibles.
  • Many insurance companies offer several types of discounts such as good student driver discounts, discounts for passing the defensive driving course and the like. Look for discounts to which you are eligible and avail them without fail. This will result in a low premium rate.
  • It is better to avoid sports cars as these cars would encourage speedy and recklessness driving. These types of cars will attract high rates of auto insurance premiums.
  • Combine all your insurances such as homeowners insurance, life insurance, health insurance and the like and buy them from a single provider. This will earn you a considerable discount.

The best way to shop for auto insurance is through online. Almost all auto insurance companies have their own websites. Through these websites, you can get the auto insurance quotes in Arkansas offered by many companies for comparison purposes. Besides, there are many private comparison websites and through these sites, you can get instant auto insurance quote in Arkansas quoted by almost all leading companies. This would enable you to compare the quotes simultaneously and choose the best one that suits your needs and budget.

Conclusion: As you are aware that auto insurance is compulsory in almost all parts of the world and this rule is implemented only to safeguard you from possible financial disasters. There are many leading insurance companies which offer fair rates for the benefit of the people and at the same time do not forget the local insurance companies, which serve much better than nationally renowned companies. However, you have to look for the reputation, financial stability, customer service and other best qualities of the insurance companies before arriving at a final decision.

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