Best Cheap Auto Insurance Quotes for Drivers with Accidents in Arkansas

Deciding which company quotes the most affordable insurance rates for drivers with accidents requires a little more work in order to find coverage that fits your buget. Each company has their own process for filing rates in each state, so let’s examine the insurance companies with the overall cheapest rates in Arkansas.

It’s a good idea to be aware that Arkansas insurance rates are calculated based on many things that may substantially change the policy premium. Improving your credit score, getting married, or having a fender bender can trigger rate changes that can cause some rates to be cheaper than competitors.

Find the Cheapest Auto Insurance for Accident Prone Drivers

Compare Rates Now

USAA generally has some of the most affordable car insurance rates in Arkansas at around $981 annually. Auto Club, Travelers, Southern Farm Bureau, and State Farm would also make the list of some of the more affordable Arkansas car insurance companies.

In the above example, if you currently have a policy with Auto Club and switched to USAA, you might achieve annual savings of in the neighborhood of $24. Policyholders with Travelers may save as much as $145 a year, and Southern Farm Bureau insureds might lower prices by up to $196 a year.

To see if your current coverage is too expensive, click here to get a free quote or visit several of the following companies.

Understand that those prices are averaged across all drivers and vehicles and and are not figured with a rate surcharge for drivers with accidents. So the auto insurance company that fits your age and vehicle best may not even be featured in the above rate chart. That point stresses why you need to quote rates from as many companies as possible using your own driver data and vehicle information.

When shopping for cheaper car insurance for drivers with at-fault accidents, one of the many considerations that is used by car insurance companies to determine the price of your policy is where your car is garaged. Larger areas like El Dorado, Texarkana, and Bryant likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates generally have lower rates.

The table below ranks the highest-priced places in Arkansas for drivers with accidents to purchase car insurance in.

Annual rates are approximated as the specific geographic location can influence premium rates significantly.

Cost difference between full coverage and liability

Finding the best cheap auto insurance for drivers with accidents in Arkansas should be important to most people, and an easy way to buy cheap insurance is to only buy liability coverage. The chart below illustrates the difference between insurance rates with full physical damage coverage compared to only buying liability only. The premiums are based on no accidents, no driving violations, $250 deductibles, drivers are not married, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 3373,1029],[‘Age 30’, 1757,567],[‘Age 40’, 1737,525],[‘Age 50’, 1583,493],[‘Age 60’, 1525,483],[‘Age 70’, 1849,645]]);var options = {title: ‘Comparison of Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Arkansas’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If we average the cost for ages 20 through 70, physical damage insurance costs an additional $1,971 per year more than just insuring for liability. Many people question if you should buy full coverage at all. There is no specific rule of when to phase out physical damage coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

There are a few situations where dropping physical damage coverage is not in your best interest. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should maintain full coverage.

Best rates: State Farm, Geico, Progressive, or Allstate

If you’re looking for the best car insurance for drivers with at-fault accidents, four companies to take a look at are State Farm, Geico, Progressive, and Allstate. When combined, they make up nearly half of the entire U.S. market share. The table below compares ratings for price, service, and claims, in additional to some of the optional coverages that are available for policyholders.

How to find economical auto insurance for drivers with accidents

It’s not impossible to find cheaper rates, and here are some of the better thrifty solutions that can help Arkansas drivers locate low-cost coverage.

• Bundle home or renters insurance to earn a discount on car insurance
• Being accident-free can lower rates significantly
• Just one traffic violation will increase your rates
• Good credit can mean cheaper rates
• Raise deductibles to save money
• Avoid price increases by not filing claims
• Keep rates low by comparing prices once a year

That final tip is highly significant, as was stressed in the article above. Car insurance prices fluctuate considerably, so don’t hesitate to buy from a different company if a cheaper rate is available. Being loyal to a particular company is commendable, but we do not recommend it if that dedication is costing thousands of dollars over several years. Take a couple minutes and shop around and find cheaper auto insurance for drivers with accidents.

Cheapest insurance quotes for drivers with at-fault accidents

Thanks to technology, there are a lot of ways to comparison shop for insurance in Arkansas, but the most popular ways are using an exclusive insurance agent such as Allstate or State Farm, an independent agent, or direct online or over the phone from a company like Geico or Progressive.

Each way has the same basic process, but each is slightly different in how they give price quotes.

Independent agents write business for many companies and can provide price quotes from all of them. Agents of this type are able to give you more rate choices, which may give you improved chances of finding a lower rate. If your agent finds better pricing, it’s simple to move the policy and the insured can keep the same agent.

An exclusive ageny is usually restricted to one insurance company such as a Liberty Mutual or State Farm agent. Exclusive agents cannot provide multiple price quotes, so keep that in mind.

Buying from a direct company means do not use either of the other two types of agents and instead shop buying direct from a company like Geico or Esurance. This insurance option may be preferred by families who do not need complex risk management and have knowledge of what coverages they need.

So which one of the three ways works best to find the best cheap auto insurance for drivers with accidents in Arkansas? The majority of insurance shoppers assume that buying from a direct company results in the best prices since there is no middleman, but unfortunately, it’s not that cut and dried. We could also assume that buying insurance from an independent agent is the best way to go since they have access to many companies, but again, it’s not a sure thing. And occasionally, the exclusive agents have very competitive rates that cannot be met by either independent or direct companies.

Since insurance companies use so many rating factors, the best way to make sure you’re not overpaying for insurance is to compare, compare, and compare some more. If you have the time, get price quotes from independent, exclusive, and direct to give yourself the best selection. For a list of companies offering online discounts, click here to view.