The 3 Best Homeowners Insurance Companies in Arkansas

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The tornadoes, windstorms and floods that often strike Arkansas make it difficult for people there to find affordable homeowners insurance. The average homeowners insurance premium for a home in Arkansas is $2,063, which is $835 more than the national average, according to Insurance.com.

High premiums make it important that you do your research and shop around for a policy to make sure you protect your most valuable asset – your home – at a price you can afford. To help you with your search, here are details of the picks for the top Arkansas homeowners insurance providers, including an online quote tool, so you can get accurate estimates for policies in your area.

Our Top Picks for Best Homeowners Insurance in Arkansas

  • State Farm
  • Farm Bureau Mutual Insurance
  • Allstate

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

State Farm

State Farm has upheld a strong reputation for offering quality claims service at unbeatable prices, making it no surprise that the company is the leading writer of homeowners insurance policies in Arkansas and has an A++ rating from A.M. Best. Should you experience a loss, you can easily file a claim via State Farm’s 24/7 phone-reporting line, online, in person with a local representative, or using its handy Pocket Agent mobile app.

State Farm has one of the largest claims networks in the world. Use State Farm’s Home Inventory Checklist to compile an inventory of your possessions to help you keep track of and recover losses. If your home is damaged after a covered loss and you require flooring repairs or emergency water mitigation services, State Farm’s Premier Service program connects you with qualified contractors in your area to restore your home.

State Farm has some of the most affordable policies available for Arkansas homeowners and offers a Discount Double Check feature, which ensures that any discounts you are eligible for are automatically applied to your policy.

State Farm lacks certain discounts that are offered by other providers. For example, owners of new or recently renovated homes don’t receive extra savings with State Farm, so it might be smart to shop around some more to find a company that will give you that price break.

Farm Bureau Mutual Insurance

With a rating of “Excellent” from A.M. Best, Farm Bureau Mutual Insurance Co. of Arkansas and Southern Farm Bureau Casualty Insurance Co. make up two of the largest and most trusted providers of homeowners insurance in Arkansas. The companies offer an affordable policy package that protects your dwelling, other structures on your property, your personal belongings, and additional living expenses you may incur following a covered loss.

Additional coverage for valuables can be obtained if you buy an Inland Marine policy, which protects things like jewelry, furs, guns and sports equipment.

To apply for insurance with either Farm Bureau Mutual Insurance or Southern Farm Bureau Casualty Insurance, you must first become a member of a County Farm Bureau organization. Membership perks include banking privileges, private offers from participating companies like GM, and specialty discounts through SavingsPlus on things like rental cars, hotels and even prescription drugs.

Becoming a member and insuring your Arkansas home with the Farm Bureau is a great way to support your local community, receive perks and have coverage for your home that you can trust. These factors make Farm Bureau Mutual a great choice for those in many Arkansas communities.

Allstate

Allstate extends coverage to Arkansas residents for just about any type of standard dwelling, whether it is a single-family house, condo or mobile home. Notable features of an Allstate policy include having a choice of additional coverages to protect important assets, such as a home business, musical instruments, electronic data or expensive sports equipment.

Allstate also offers green improvement reimbursement, which reimburses you for additional costs associated with energy-efficient materials to rebuild your home or replace damaged items after a covered loss.

Allstate helps you save on your homeowners insurance policy by providing a number of discount opportunities. Beside discounts for bundling policies, such as home and auto, and installing theft or fire protection devices, Allstate offers a 10 percent welcome discount for new customers, 20 percent for being claim-free and 5 percent for signing up for automatic bill pay.

In addition to discounts, customers can also take advantage of Allstate’s top-notch policy management tools. The Premium Gauge, for instance, allows you to see how different factors, such as the age of your home, affect your annual premium. Other resources include the Digital Locker, which helps you keep track of all your covered possessions, safety checklists and specialty calculators. Allstate offers a variety of educational articles and videos on its site that deal with homeowners insurance and owning a home in general.

How much is homeowners insurance in Arkansas?

The average homeowners insurance premium is $2,063, which is considerably higher than the national average of $1,228. The cost will vary by city and depends on the rate factors listed below.

Arkansas Rate Factors

Arkansas is prone to a wide variety of extreme weather – everything from tornadoes to torrential rain that can cause flooding. The amount of rain and wind Arkansas gets increases its potential for property damage.

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

The 3 Best Arkansas Homeowners Insurance Companies

  • State Farm
  • Farm Bureau Mutual Insurance
  • Allstate

The Simple Dollar offers a ton of resources on homeowners insurance, renters insurance, and more. Take a look at our insurance archives for more information!