How Much Does Car Insurance Cost for 16 Year Olds in Arkansas?

Finding reliable, reasonably-priced insurance is not the easiest thing to accomplish, and determining which companies offer the most affordable auto insurance rates for 16 year olds takes more quotes for comparison. Coverage rates will most likely be quite a bit more expensive than the average price in Arkansas, with the higher price attributed to the potential for more claims that goes along with offering insurance for new drivers, but economical insurance may be achievable if you compare enough companies. Every insurance company uses slightly different criteria to determine premium rates, so we’ll go over the most budget-friendly auto insurance companies in Arkansas.

It’s important to understand that Arkansas auto insurance rates are impacted by many factors that control the policy price. Taking a driver safety course, increasing deductibles, or having an at-fault accident may cause policy rate changes that can now make some companies cheaper than competitors.

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USAA offers some of the most affordable car insurance rates in Arkansas at around $991 per year. Auto Club, Travelers, State Farm, and Southern Farm Bureau also make the cut as some of the cheapest Arkansas auto insurance companies.

As shown in the table above, if you buy coverage from State Farm and switched to USAA, you may see annual savings of upwards of $220. Insureds with Southern Farm Bureau could save as much as $234 a year, and Columbia Insurance customers might see rate reductions of $281 a year.

These prices are averaged across all insureds and vehicles and do not take into consideration a price increase for 16 year olds. So the auto insurance company that fits your situation best may not even be in the rate chart shown above. That’s why you need to get auto insurance quotes using your own driver information and specific vehicle type.

When shopping for car insurance for new drivers, one of the many criteria that car insurance companies use to calculate the cost of insurance is where your residence is. Densely populated urban areas like Texarkana, El Dorado, and Bryant will most likely pay more, whereas areas that are not as densely populated tend to receive cheaper rates.

The next table sorts the most expensive cities in Arkansas for 16 year olds to buy auto insurance in.

Information shown are estimated as the specific geographic location can raise or lower prices significantly.

Who is cheaper: State Farm, Progressive, Geico, or Allstate?

When comparing auto insurance, some of the first companies to look at are State Farm, Progressive, Geico, and Allstate. Combined they have about half of all car insurance policies written. All of them offer physical damage and liability coverage, but each has unique options and discounts that may affect your buying decision. The table below compares price, claims, and customer service ratings, as well as some optional coverages offered by each one.