Arkansas Car Insurance Guide

Whether you live in Little Rock or Fayetteville, having a good auto insurance policy in Arkansas is a must. Not only is auto insurance required by state law, it's the best way to keep your vehicle safe. Even if premiums seem expensive to you, just think about how much you'd end up paying for auto repairs without insurance. Even minor body work repairs can cost you thousands of dollars, so why put yourself at risk without insurance? If you're a resident of Arkansas, you need to read this informative state guide to auto insurance!

Arkansas Auto Insurance Requirements

Before you can even register your vehicle or get a title in Arkansas, you'll need to make sure you have an auto insurance policy. Proof of your insurance policy is typically required when registering your vehicle at the state's Office of Motor Vehicles. You'll also need it if you're ever pulled over by a police officer. Here's a look at the state's minimum auto insurance requirements:

Minimum Bodily Injury Coverage

$25,000 per person for bodily injury in any single accident and $50,000 for all persons injured in any single accident.

Minimum Property Damage Coverage

$25,000 for destruction of others property in any single accident.

Coverage Recommendations

For many people, their only auto insurance concern is meeting the minimum requirements. However, maintaining only the bare minimum coverage is simply inadequate for most drivers. While it will cost you more money, having collision and comprehensive coverage provides you with the peace of mind that you'll be taken care of in the case of an accident. Every auto insurance expert would recommend that you at least maintain collision coverage on your vehicle, even if it means having a high deductible.

Failure to Maintain Your Insurance Policy

As you may know, Arkansas state law requires that you have proof of insurance on you whenever driving. In most cases, you should simply keep it in your vehicle's glove compartment and only pull it out when necessary. If you're ever pulled over or get into an accident without an insurance policy, you could face fines and penalties from law enforcement. Second or third time offenders could even have their license or registration suspended if they are caught with insurance.

Arkansas Auto Insurance Rates

Fortunately for residents of Arkansas, auto insurance rates are fairly affordable compared to other states in the country. Currently, Arkansas is approximately the 35th least expensive state to insure your vehicle in. The average yearly cost for a policy is about $685, although that includes collision and comprehensive coverage. If you're interested in only maintaining the minimum liability coverage, the average cost is slightly under $400 a year. Either way, drivers in Arkansas can be thankful their rates don't even come close to those in other states, such as New York, where premiums can easily reach over $1,000 a year.