Cheap Car Insurance for Felons in Arkansas

This would be a real easy article to write if we could tell you the exact car insurance company that has the best insurance prices in Arkansas. It’s just not that easy, however, as there are many unknown elements like the vehicle you are insuring, the deductible level you need, and if you have maintained coverage continuously. The information below will cover the best ways to find cheap car insurance and hopefully give you enough understanding to have a good start in finding the cheapest insurance in Arkansas.

One of the many components that auto insurance companies use to calculate rate quotes is where you call home in Arkansas. More populated areas like Little Rock, Hot Springs, and Texarkana tend to have higher rates, whereas areas with less congestion generally pay lower auto insurance rates.

The next table ranks the highest-priced places in Arkansas for felons to buy car insurance in.

Table data uses approximated as the specific Arkansas residence address can influence premium rates considerably.

Comparing quotes for low-priced insurance is confusing at best, and figuring out which company offers the best insurance rates for felons requires more quotes for comparison. Each company has a unique formula to determine premium rates, so let’s begin by examining the insurance companies with the overall best prices in Arkansas.

Best Insurance Companies for Felons

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USAA generally has some of the cheapest 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 cheapest Arkansas insurance companies.

As the rates illustrate above, if you are currently insured with Southern Farm Bureau and switched to Auto Club, you might see a yearly price reduction of around $162. Insureds with State Farm may save as much as $209 a year, and Columbia Insurance customers might realize rate reductions of up to $244 a year.

It’s important to note that these rates are averages for all types of drivers and the different vehicles they drive and do not take into consideration a price discount for felons. So the car insurance company that fits you best may not even be featured in the company chart above. That is why you need to compare prices as often as possible using your own specific driver information and vehicle.

Discount Arkansas insurance rates

Insurance providers that offer cheap car insurance for felons in Arkansas could also offer rate discounts that could potentially reduce rates by 40% or more if you are eligible for them. Larger insurance companies and some of the premium reductions they offer are outlined below.

The diagram below compares premium costs with and without discounts applied to the policy rates. The costs are based on a female driver, a clean driving record, no claims, Arkansas state minimum liability limits, comp and collision included, and $1,000 deductibles.

The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with homeowner, multiple policy, passive restraint, multiple vehicle, defensive driving course, and safe-driver discounts applied. When discounts are factored in, the the average yearly reduction on insurance for felons is 16% or $163.

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Full coverage versus liability-only in Arkansas

Finding cheap car insurance for felons in Arkansas should be important to the majority of people, and a good way to pay less for insurance is to only buy liability insurance. The information below shows the comparison of yearly insurance costs when comparing full coverage to liability only. The premiums assume no accidents or driving violations, $100 deductibles, drivers are not married, and no discounts are taken into consideration.

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If the expense is averaged for all age categories, physical damage coverage on your policy costs $1,945 per year more than buying just liability insurance. At some point, every insured wonders if buying full coverage is a good investment. There is no set rule to stop paying for full coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is 10% or more of the replacement cost minus the deductible, then it might be time to buy liability only.

There are some conditions where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.

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

When it comes to buying car insurance for felons, the top insurers to get price quotes from are Allstate, State Farm, Progressive, and Geico. They all have your normal coverages like liability, comprehensive, and collision, but each one offers different optional coverages and features that buyers can select from. The following table shows some of the different features that are available for policyholders.