How Much Does Auto Insurance Cost for Low Credit Scores in Arkansas?

You have most likely seen the ads from insurers like Nationwide and The General guaranteeing big savings. So you should just pick the one with the best commercial, right?

It’s just not that easy, however, as there are a ton of unknown elements such as if full coverage is needed, your credit history, and the liability limit you need, that all have an effect on the price of a policy. In this article, we will cover the best ways to shop for cheaper coverage and hopefully give you enough understanding to have a solid foundation to find cheaper car insurance.

Deciphering which company has the most affordable car insurance rates for low credit scores may require a bit more work in order to find the lowest price. Each auto insurance company has their own process for filing rates in each state, so let’s examine the car insurance companies that tend to be cheaper in Arkansas.

It’s a good idea to know that Arkansas car insurance rates are based on many factors that may substantially change the price you have to pay. Simply turning a year older, marrying your spouse, or getting a driving violation may cause policy rate changes resulting in some rates now being cheaper in comparison to the competition.

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USAA offers some of the cheapest car insurance rates in Arkansas at around $1,011 a year. Auto Club, Travelers, Southern Farm Bureau, and State Farm are also some of the more affordable Arkansas auto insurance companies.

In the above example, if you are a policyholder with Travelers and switched to USAA, you might see a yearly savings of around $93. Customers with Southern Farm Bureau might save as much as $166 a year, and State Farm insureds might cut rates by $250 a year.

Understand that those prices are averaged for all drivers and vehicles in Arkansas and and are not calculated with a price decrease for low credit scores. So the company that can offer you the best rate may not even be in the list of companies shown earlier. That affirms the importance of why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.

One of the key considerations that help set a rate quote is where your residence is in Arkansas. Areas that are more densely populated or have higher claim rates like Little Rock, Hot Springs, and Texarkana tend to have higher rates, whereas areas with less congestion enjoy lower insurance rates.

The next table ranks the more expensive cities in Arkansas for low credit scores to buy an auto insurance policy in.

Rate information is approximated as vehicle location can lower or raise auto insurance rates significantly.

Allstate vs Geico vs Progressive vs State Farm

When it comes to car insurance for bad credit, the most popular companies are Allstate, Geico, Progressive, and State Farm. When added together, they make up almost 50% of all auto insurance policies in force. The table below ranks pricing and service ratings, plus some optional coverages .