Cheapest Auto Insurance Quotes for Low Income Drivers in Arkansas

You have most likely watched the captivating commercials from insurers like State Farm and The General that make claims of huge savings, so you should just pick one randomly, right?

It’s not quite that easy, unfortunately, as there are many unknown aspects such as your annual mileage driven, the crime level of your neighborhood, and what liability limits you need. In this article, we will cover these factors and others that can influence the price of auto insurance and will hopefully give you some help in finding cheaper rates.

The car, truck, or SUV you are seeking coverage for is a large consideration when comparing the lowest-priced coverage for low income drivers. Vehicles with economical engines, modern passenger safety features, or a track record of few liability claims will cost much less to insure than high performance models.

The data below features auto insurance rates for a number of the more afforable vehicles to insure.

Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Premium amounts do not factor in your specific Arkansas location which can influence coverage prices considerably.

Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Price estimates do not factor in specific location which can increase or decrease premiums noticeably.

Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Estimates do not factor in specific zip code location which can impact prices considerably.

Finding good, affordable insurance is not the easiest thing to do, and figuring out which companies offer the cheapest insurance rates for low income drivers will take even more shopping around.

Every auto insurer uses their own method to set policy rates, so let’s begin by examining the insurance companies with the overall best prices in Arkansas.

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Auto Club generally has some of the lowest car insurance rates in Arkansas at around $1,005 a year. USAA, Travelers, Southern Farm Bureau, and State Farm are also some of the more affordable Arkansas auto insurance companies.

As shown in the table above, if you have coverage with Southern Farm Bureau and switched to Auto Club, you may realize annual savings of around $220. Insureds with State Farm may save as much as $243 a year, and Columbia Insurance customers might lower prices by up to $254 a year.

Bear in mind that those estimates are averaged across all types of insureds and vehicles and do not factor in a price discount for low income drivers. So the insurer that can offer you the lowest price may not even be in the list above. That points out the importance of why you need to get rate quotes using your own personal information and vehicle type.

When shopping for car insurance for poor drivers, one of the many components that helps car insurance companies calculate rate quotes is where you keep your car. Areas with increased crime or more people like Little Rock, El Dorado, and Bryant tend to have more expensive car insurance rates, whereas areas with less people or fewer weather incidents benefit from lower coverage costs.

The following table sorts the higher priced cities in Arkansas for low income drivers to purchase auto insurance in.

Rate quotes are approximated as zip code location can revise coverage prices considerably.

The illustration below shows how choosing a deductible can increase or decrease insurance rates when quoting cheap insurance for low income drivers. The price estimates are based on a single male driver, comp and collision included, and no other discounts are factored in.

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The chart above illustrates that a 40-year-old driver could pocket $388 a year by changing from a $100 deductible to a $500 deductible, or save $586 by choosing a $1,000 deductible. Youthful drivers, like the age 20 example, could lower their rates as much as $1,286 or even more by choosing a larger deductible amount.

If you do raise deductibles, it’s a good idea to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Which auto insurance company is best?

If you want the best car insurance for poor drivers in Arkansas, the most popular companies are Geico, State Farm, Progressive, and Allstate. All four can cover your vehicle for liability and physical damage, but each one has a different combination of discounts, features, and options that add value to each policy. The data below points out price and claims rank as well as some different options that policyholders can buy.