Who Has the Cheapest Auto Insurance for a Company Car in Arkansas?

The car, truck, or SUV driven is a large consideration that determines whether or not you can buy the cheapest auto insurance for a company car in Arkansas. Vehicles with higher performance, a lack of safety features, or a high likelihood of having liability claims will cost significantly more to insure than safer models. The information below estimates auto insurance premiums for the most affordable vehicles to insure in Arkansas.

Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arkansas minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Rate information does not factor in the specific area where the vehicle is garaged which can affect premium rates greatly.

Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arkansas minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Estimates do not factor in vehicle location which can decrease or increase coverage rates greatly.

Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arkansas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Premium amounts do not factor in the specific area where the vehicle is garaged which can affect prices substantially.

Trying to find cost effective car insurance is hard enough, and figuring out which insurers offer the best insurance rates for a company car will involve even more rate comparisons.

Each auto insurance company has a unique approach to set policy rates, so first let’s look at the rankings for the insurance companies with the overall best prices in Arkansas. It’s important that you understand Arkansas insurance rates are impacted by many things that will increase or decrease the price you have to pay. Getting older, moving to a different location, or having a fender bender can cause premium changes resulting in some companies being more expensive than before.

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USAA may offer some of the best car insurance rates in Arkansas at around $991 each year. Auto Club, Travelers, Southern Farm Bureau, and State Farm also make the cut as some of the more affordable Arkansas insurance companies.

As depicted above, if you are a policyholder with Southern Farm Bureau and switched to Auto Club, you could see yearly savings of in the neighborhood of $208. Customers with State Farm might save as much as $256 a year, and Columbia Insurance customers might reduce rates by $267 a year.

Remember that these premium estimates are averages across all types of insureds and vehicles and and are not figured with a rate discount for a company car. So the company that can offer you the best rate may not even be included in the rate chart shown above. That affirms the importance of why you need to compare as many prices as possible using your own specific driver information and vehicle.

Do you need full coverage?

Finding the cheapest auto insurance for a company car in Arkansas is important to most drivers, and one of the fastest ways to pay less for insurance is to buy liability only. The information below visualizes the comparison of auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no violations or claims, $500 deductibles, drivers are not married, and no discounts are factored in.

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If we average all the age groups together, full coverage costs an extra $1,752 per year over and above liability only. A very common question is if it’s a good idea to buy full coverage. There is no definitive guideline to delete full coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is more than 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

Arkansas insurance companies

Buying coverage from a good quality insurer can be difficult considering how many different insurance companies sell coverage in Arkansas. The information listed below could help you decide which auto insurers to look at comparing rates with.

These rankings are only comprised of major nationwide insurance companies, so companies that have a smaller presence are not factored into the list. To get price quotes from these companies and more, click here.

Top 10 Large Auto Insurance Providers in Arkansas Ranked by A.M. Best Rating

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Esurance – A+
6. Progressive – A+
7. The Hartford – A+
8. Allstate – A+
9. Nationwide – A+
10. The General – A-

Top 10 Large Auto Insurance Providers Overall in Arkansas

1. Travelers
2. USAA
3. AAA Insurance
4. Nationwide
5. Allstate
6. State Farm
7. The Hartford
8. Safeco Insurance
9. Progressive
10. American Family