Finding the Best Arkansas Homeowners Insurance

If you want to find the cheapest homeowners insurance in Arkansas, you’re in the right place!

Insurance Geek is here to help you on your journey of getting the best rates.

With the help of our smart comparison tool, our experienced insurance agents, and the most esteemed homeowners insurance companies we work with, you can rest assured we’ll get you the best price and service without compromising the quality.

Today, we’ll tell you all about homeowners insurance in Arkansas – the basics, what’s included, and what isn’t; we’ll explain the terminology and help you get the hang of it all.

Without further ado, let’s get to it!

Arkansas is a family state – from the hot springs to the capital of Little Rock to some of the safest communities in the country, if you’re looking for somewhere to create a family environment perfect for raising kids, just about any city or suburb in Arkansas will do.

With a population of a little bit over 3 million, Arkansas is among the lover half on the list of the most populous US states. Still, it has a pretty high crime rate – 34.43 per thousand residents rate puts it in the top 10, and only a few states have a higher rate – Tennessee, Alaska, and New Mexico. Even New York is safer than Arkansas, believe it or not.

This has a huge influence on the homeowners’ insurance premiums, so Arkansawyers end up paying a higher quote than people of Maine, New Hampshire, or Wyoming, for instance.

It doesn’t help that the Natural State is prone to disasters. As a matter of fact, Arkansas made the list of the top 10 US states prone to natural disasters with its heavy rains, snow, ice, flooding, and even tornados.

Consequentially, people in Arkansas can’t easily get cheap insurance quotes. But don’t fret – we’re here to make sure you get the best possible deal for your homeowners’ insurance in Arkansas!

Before we give you more information about the premiums and how they’re determined, let’s discuss a few more things that can affect the home insurance rates.

Perils & Deductibles

This has a huge influence on the homeowners’ insurance premiums, so Arkansawyers end up paying a higher quote than people of Maine, New Hampshire, or Wyoming, for instance.

Before we give you more information about the premiums and how they’re determined, let’s discuss a few more things that can affect the home insurance rates.

Perils & Deductibles

One of the most important terms you have to know when buying home insurance policies in Arkansas is peril.

Peril is an event that causes damage to your property. It can be an event of any sort, depending on the type of policy you get – all peril or named peril (more on this later).

If something were to happen to your house, and the cause (the peril) is stated in your policy, you are allowed to file a home insurance claim and receive compensation for your loss.

In the state of Arkansas, the perils might include wind damage, heavy rain, ice storms, fire, tornados, but also theft, vandalism, burglary, and similar crimes.

Besides perils, you should also know about the deductibles.

Unlike perils, deductibles are not covered by your home insurance, and it’s the part you’re required to pay. If you file a claim, you won’t be able to receive compensation until you pay the deductible.

The general rule is – the higher the deductible, the lower the amount you’ll need to pay. You should discuss the information about deductibles upfront with your insurance company, so you know how much you will be required to pay if it comes to that.

Customers at Insurance Geek usually get deductibles between $1,000 and $5,000.

If you’re unclear on the precise terms of your contract, check the documents for the declaration page.

How Are Premiums Determined In Arkansas?

Home insurance premiums differ from state to state – each has its own average annual premium, different perils, and so on.

However, there are other factors not related to state laws that determine the premiums. Let’s take a look and see what they are.

Insurance company

Your Arkansas homeowners insurance rate will depend on the insurance company you opt for. Each of them has a range of insurance products with different price points and coverage options.

At Insurance Geek, we work with some of the best homeowners insurance companies in Arkansas to bring you the highest quality products and competitive prices.

Your credit score

No matter which insurance provider you go with, they’ll want to check your credit score. It’s an important step in the process as it gives them insight into your overall financial history – how responsible you are with your payments, your punctuality with paying off your loans, and similar.

If you’ve been accurate and kept a good credit score, we’re certain you’ll get a cheap premium.

If you have a negative credit score, don’t dwell too much on it. While it can affect your insurance rates, it’s not the crucial factor. However, don’t expect to get a great deal or the price you’ve hoped for either.

The value of your house

Another thing your insurance provider will look into is the condition and value of your property. This doesn’t mean its market value, but the price that’s needed to pay for any repairs or rebuilds, or in other words, the replacement cost of your home.

The insurance company will check the materials used to make your house, how old it is, and the general condition.

Since the most considerable portion of your homeowners’ coverage has to account for your home (potential repairs, rebuilds, etc.), it’s only logical for the insurance company to check the precise replacement cost.

Previous claims

Many people don’t think of their previous claims when buying home insurance. Your insurance provider has to check if you have ever filed claims before; it’s in their best interest.

You see, if you have a history of filing claims and getting compensated, it tells them that your property has already suffered damages from perils, and it is likely to happen again.

Resultantly, with more filed claims, your premium goes up.

Deductible

Don’t forget the deductibles we mentioned earlier. They play a significant role in determining your insurance rate. As a rule, you can get a lower insurance premium if your deductibles are high.

Discounts

Luckily, you can become eligible for various discounts when buying home insurance. For instance, you can get a deduction if you pay upfront.

The easiest and most effective way is to get multiple policies from the same insurance company.

You can combine homeowners insurance with car insurance and life insurance and claim your discount. We will work to get you the cheapest quote for each of them, and if there’s a discount available, we won’t miss it!

If you decide to get multiple insurance policies, talk to our agents to see how much you can take off the initial price of your bundle.

What Is The Best Option For Home Insurance In Arkansas?

Home insurance policies come in two options. Depending on the coverage options, there is an all peril policy and a named peril policy.

Named peril policy

With a named peril policy, your coverage options are sort of limited, as they only account for the perils stated in your contract, hence the name.

This isn’t the best option for homeowners in Arkansas due to the wide range of potential detriments. However, it can be an excellent choice to cover any potential gaps in your existing Arkansas homeowners insurance.

If this is what you need, you can let our agents know all about your current policy so we can help you get the necessary update.

All peril policy

Contrary to the named policy, an all peril policy covers ALL perils, except those purposely omitted from the contract.

This is a much better choice for Arkansawyers as it protects against all possible damages, which are plenty in the Land of Opportunity.

Get Arkansas Homeowners Insurance Quotes Today

Finding the cheapest home insurance quote is not always a piece of cake, and it’s generally difficult to talk about average prices and quotes as they depend on a myriad of personalized factors.

This is why we’ve come up with a smart comparison tool that can give you an offer in a couple of minutes.

You can check out and use the tool here. It takes a minute to fill out the details about your home – your ZIP code, address, and state are all that’s necessary for Insurance Geek to match you with the best possible quote for your particular case.

Our specialized agents will use the connections we nurture with the most esteemed insurance carriers in the country to come up with the cheapest home insurance policy tailored to your needs, as customer satisfaction and overall positive experience is our main objective.

Available discounts

When designing a homeowners insurance policy for your needs, our agents will go out of their way to get you all available discounts.

The great news is that there are many ways you can apply for discounts, from paying upfront in full to buying multiple insurance policies from the same carrier.

This is an excellent way to save some money, especially if you don’t already have other insurance policies besides homeowners insurance, such as auto insurance or life insurance.

Top Cities & Metro Suburbs in Arkansas for Homeowners

Our customers come from all parts of the Natural State, large cities and suburbs alike.

The biggest cities in Arkansas include:

Little Rock
Fort Smith
Fayetteville
Springdale
Jonesboro
Rogers
Conway

Since homeowners insurance is pricier in the cities, many people opt for the beautiful Arkansas suburban areas, such as:

Cave Springs
Bentonville
Johnson
Centerton
Lowell
Rogers
Bella Vista
Bryant

Where is your home in Arkansas? Let us know your ZIP code today! Home insurance quotes may vary depending on the location, so feel free to contact us-we’ll do our best to get you the best products and insurance rates from home insurance companies in Arkansas. Customer satisfaction is our number one priority!

Who Should Get Arkansas Homeowners Insurance?

Whether you’re a born Arkansawyer or you’ve just recently changed your ZIP code, you should get homeowners insurance.

Having proper home insurance is priceless and knowing you’re protected from whatever happens to your home is a peace of mind you can’t put a price on.

Not only does homeowners insurance cover you in case of natural disasters, but it can also save you if someone gets injured or you’re accused of being guilty of an accident on your property.

To understand this better, peruse the following section where we provide information on what exactly is included in the homeowners’ insurance policy.

What Does Home Insurance Coverage Include?

These are the common policy features you can expect to get from a home insurance policy from most insurance companies in Arkansas.

Coverage A – Dwelling coverage

The dwelling coverage or dwelling amount is the amount dedicated to fixing the physical structure of your home. It has a limit that’s usually based on the replacement cost of the home.

It is the amount you need to cover the rebuilds and repairs in case of damage so the insurance company calculates it according to their evaluation of your property.

Coverage B – Separate structures coverage

This coverage includes any structure that isn’t physically tied to the primary dwelling. So, any piece of property that isn’t your home, such as garages, sheds, fences, mailboxes, swimming pools, and similar.

These can easily get damaged in disastrous events, so it’s important to protect them as well.

Coverage C – Personal property coverage

Personal property refers to all your personal belongings, jewelry, furniture, appliances – you name it.

It’s designed to protect all your personal items inside the home as they are very vulnerable and susceptible to theft, fire, vandalism, and so on.

Some of the insurance carriers we work with offer special coverage for this type of property, for example, Safeco and their Valuable Articles Coverage and Nationwide with their Valuables Plus option.

Coverage D – Loss of use

Loss of use or unforeseen living expenses protection helps in case you’re unable to reside in your home. Your homeowners’ insurance should cover the cost of hotel accommodation, transportation costs, extra meal expenses, and so forth.

Coverage E – Personal Liability Coverage

The personal liability coverage kicks in when you or your family member are liable for an accident that took place on your property.

Coverage F – Medical payments

The coverage F will pay for all medical bills if someone gets injured on your property, regardless of who’s at fault.

What Isn’t Included in Your Policy?

Some quite important things are not included in a typical homeowners insurance policy, which is why we advise you get them from other policies, such as auto insurance or life insurance.

Here’s what we strongly recommend you get in addition to your home insurance:

Auto Insurance

Just like with home insurance, our auto insurance calculator can help you get the best quotes.

Getting auto insurance is important, not just for vehicle accidents. When you think about it, your car is parked in your yard, garage or driveway, and it can easily get damaged along with the house in case of a disaster.

Also, you need to protect it from theft and vandalism – you can never be too careful.

Life insurance

We are in business with many life insurance companies, and our useful tool can get you their best quotes if you decide to get life insurance.

Flood insurance

Generally, flood insurance is not a part of homeowners insurance. However, home insurance companies like Nationwide and Safeco offer protection again water damage from drain and sewer backup, sump pump failure, and so on.

Other

Other common insurance policies you can get are coverage for credit cards frauds, identity theft protection, equipment breakdown, and many more. Get in touch with our agent to see how we can help you with additional coverages.

Home Insurance in Arkansas: FAQ

Q: What is the average cost of homeowners insurance in Arkansas?

A: The average annual premiums of home insurance in Arkansas are $1,300, well above the national average. This stems from the particularly high crime rate in the state of Arkansas and the fact that there’s a 1 in 171 chance of becoming a victim of a violent crime. What’s more, Arkansas is prone to disastrous events such as hail, ice storms, tornados, and similar. All this affects the average annual cost and home insurance rates. But, don’t forget that the prices also depend on various personal factors, so the average cost is not the best indicator. However, according to the Insurance Information Institute, home insurance rates will continue to rise inevitably, so there’s a good chance they will get even pricier in the near future.

Q: What are the best homeowners insurance companies in Arkansas?

A: The deserved title of the best insurance companies in Arkansas goes to Safeco and Nationwide. Their wide range of insurance products and home insurance coverage options puts them on the spot, and the customer satisfaction and reviews speak for themselves. On top of all this, their affordable prices and quality to price ratio are impossible to match.

Final Word

You are now armed with the knowledge necessary to get the best homeowners insurance in Arkansas. Try out our tool today – leave your ZIP code, and we’ll find you the best rates in an instant.

What are you waiting for? Talk to our dedicated insurance agent, who will guide you through every step of the way!