Cheap Auto Insurance in Texarkana, Arkansas
Cheap Auto Insurance in Texarkana, Arkansas
Find Cheap Auto Insurance Quotes in Texarkana, AR
State Farm offers the cheapest car insurance in Texarkana, Arkansas, at a rate of $473 per year, a ValuePenguin analysis found.
That rate is $129 less than the city average.
In the city of Texarkana, located on the western border of Arkansas, the average cost of minimum-coverage car insurance is $602 per year. That's 7% more than the state average overall.
Cheapest auto insurance in Texarkana: State Farm
Texarkana's cheapest, widely available auto insurance is offered by State Farm. The company’s annual rate of $473 per year for minimum coverage is just a bit cheaper than Progressive, at $478 per year.
Geico and Farm Bureau also have lower-than-average rates. Geico charges $582 per year, while Farm Bureau charges $533 per year.
The cheapest rates overall in Texarkana come from USAA. The company charges $284 per year on average for minimum coverage, but it's only available to current and former military members, as well as some of their family members.
Find Cheap Auto Insurance Quotes in Texarkana
Rank | Company | Average annual rate |
|---|---|---|
| 1 | State Farm | $473 |
| 2 | Progressive | $478 |
| 3 | Farm Bureau | $533 |
| 4 | Geico | $582 |
| 5 | Allstate | $648 |
| 6 | Farmers | $755 |
| 7 | Shelter | $833 |
| 8 | Nationwide | $834 |
| N/A* | USAA | $284 |
*USAA is not ranked because only military members (current and former) and their families are eligible.
Purchasing a minimum liability policy will save you money, but it could leave you exposed financially. Should your vehicle be damaged by vandalism or theft, or should you be at fault in an accident, you may have to pay for some repairs yourself.
If you have a newer or more expensive vehicle, we recommend investing in a full-coverage policy, or at least more protection than the state minimum.
Cheapest full-coverage car insurance in Texarkana: State Farm
State Farm offers the cheapest, widely available full-coverage auto insurance in Texarkana. The company’s average rate of $1,558 is 13% cheaper than Geico.
State Farm also has the smallest increase in price from minimum to full coverage, at $1,085 per year. Overall, Texarkana residents pay 268% more for full coverage.
Geico, at $1,801 per year, and Farm Bureau, at $1,881 per year, are other widely-available options with cheaper-than-average rates.
Rank | Company | Average annual rate |
|---|---|---|
| 1 | State Farm | $1,558 |
| 2 | Progressive | $1,609 |
| 3 | Geico | $1,801 |
| 4 | Farm Bureau | $1,881 |
| 5 | Nationwide | $2,380 |
| 6 | Shelter | $2,548 |
| 7 | Farmers | $3,290 |
| 8 | Allstate | $3,760 |
| N/A* | USAA | $1,103 |
*USAA is not ranked because only military members (current and former) and their families are eligible.
If you switch to full coverage, you will have higher liability limits, plus comprehensive and collision coverages.
Comprehensive
Covers damage from circumstances out of your control, such as theft, vandalism and "acts of God".
Collision
Covers damage from accidents where you are at fault, as well as you driving into a ditch, flipping a car or hitting another object.
If your car is worth more than $3,000 or is less than 10 years old, we recommend that you get a full-coverage policy. Comprehensive protects you in some situations out of your control, while collision covers some of the most common ways vehicles are damaged.
Cheapest car insurance for drivers with prior incidents
An incident on your driving record will almost always lead to an increase in rates because it tends to show you're riskier to insure. Some of the most common incidents are a speeding ticket, DUI or accident. Having any of those on your record makes it even more important to compare quotes to find the best rate.
We found the cheapest car insurance for Texarkana drivers who have:
Cheapest car insurance in Texarkana after an accident: State Farm
After you've been found responsible in an at-fault accident in Texarkana, your best option for full-coverage car insurance is State Farm. The company's average rate is $1,835 per year, $559 less than the second-cheapest option, Farm Bureau.
State Farm had only an 18% increase in rates after an accident. On average, rates rose 49% in Texarkana following an accident.
Rank | Company | Average annual rate |
|---|---|---|
| 1 | State Farm | $1,835 |
| 2 | Farm Bureau | $2,394 |
| 3 | Progressive | $2,942 |
| 4 | Geico | $3,156 |
| 5 | Nationwide | $3,706 |
| 6 | Shelter | $4,118 |
| 7 | Farmers | $4,534 |
| 8 | Allstate | $5,527 |
| N/A* | USAA | $1,541 |
*USAA is not ranked because only military members (current and former) and their families are eligible.
Cheapest car insurance for drivers with a speeding ticket: State Farm
On average, a speeding ticket means a 19% increase in rates in Texarkana, a jump of $417 per year.
Geico had the second-best rates after a speeding ticket, $1,801 per year. Farm Bureau, at $2,032, and Progressive, at $2,118, were the only other options that charged less than $2,800 per year.
Rank | Company | Average annual rate |
|---|---|---|
| 1 | State Farm | $1,696 |
| 2 | Geico | $1,801 |
| 3 | Farm Bureau | $2,032 |
| 4 | Progressive | $2,118 |
| 5 | Nationwide | $2,877 |
| 6 | Shelter | $2,986 |
| 7 | Allstate | $4,357 |
| 8 | Farmers | $4,503 |
| N/A* | USAA | $1,315 |
*USAA is not ranked because only military members (current and former) and their families are eligible.
Cheapest car insurance for drivers with a DUI: State Farm
Overall, State Farm's average rate is $1,696 per year, compared to $1,861 from Progressive. Farm Bureau is the only other widely available company with rates cheaper than the city average, at $3,610 per year.
Rank | Company | Average annual rate |
|---|---|---|
| 1 | State Farm | $1,696 |
| 2 | Progressive | $1,861 |
| 3 | Farm Bureau | $2,238 |
| 4 | Farmers | $4,381 |
| 5 | Nationwide | $4,741 |
| 6 | Shelter | $4,808 |
| 7 | Allstate | $4,977 |
| 8 | Geico | $5,671 |
| N/A* | USAA | $2,121 |
*USAA is not ranked because only military members (current and former) and their families are eligible.
Cheapest car insurance for drivers with poor credit: Geico
In Texarkana, poor credit raises rates 46% on average. With an increase of 21%, Nationwide had the smallest increase.
State Farm had the second-lowest rates, at $2,417 per year. Farm Bureau, at $2,436 per year, had the next-cheapest rate. On average, Texarkana drivers with bad credit pay $2,671 per year, more than they pay after a speeding ticket.
The most expensive company for drivers with bad credit is Allstate, with rates 50% higher than average and 91% higher than Geico.
Rank | Company | Average annual rate |
|---|---|---|
| 1 | Geico | $2,101 |
| 2 | State Farm | $2,417 |
| 3 | Farm Bureau | $2,436 |
| 4 | Nationwide | $2,657 |
| 5 | Progressive | $2,679 |
| 6 | Farmers | $3,016 |
| 7 | Shelter | $3,250 |
| 8 | Allstate | $4,013 |
| N/A* | USAA | $1,471 |
Cheapest car insurance for young drivers: Farm Bureau
Teen drivers regularly pay more for car insurance than adult drivers because they are considered riskier behind the wheel. Young drivers tend to get into more accidents and have less experience behind the wheel. In Texarkana, an average 18-year-old driver pays more than triple what a 30-year-old driver pays.
The best insurance option for 18-year-old drivers in Texarkana is Farm Bureau. The company's rate of $3,550 per year is 47% less than the city average and $1,218 cheaper than the next-closest competitor.
State Farm has the city's second-lowest rate, at $4,768, with Geico third, at $5,748. The average 18-year-old pays $6,689 per year.
If you have a family member in the military, be sure to check if you're eligible for a USAA policy. The company's average rate of $2,603 is less than half of what most other companies charge.
Rank | Company | Average annual rate |
|---|---|---|
| 1 | Farm Bureau | $3,550 |
| 2 | State Farm | $4,768 |
| 3 | Geico | $5,748 |
| 4 | Shelter | $6,162 |
| 5 | Farmers | $7,173 |
| 6 | Progressive | $8,088 |
| 7 | Nationwide | $8,593 |
| 8 | Allstate | $13,519 |
| N/A* | USAA | $2,603 |
*USAA is not ranked because only military members (current and former) and their families are eligible.
Getting multiple quotes is especially important for young drivers because of how much they already pay. Two other good options to keep costs down are:
- Asking potential insurers about discounts.
- Joining the policy of a parent or older family member.
Joining a family member's policy is the best way to save money, as ValuePenguin found that combining policies can cut rates for young drivers in half. Also, insurer's discounts can often help younger drivers.
Car insurance companies with the best customer service in Arkansas
If you are in an accident, your insurer's customer service is a big part of how smooth your experience is. In high-stress situations, it helps to have a claims process that doesn't add to your aggravation. According to a ValuePenguin survey, the insurers with the best customer service in Arkansas are:
You can only get coverage from USAA if you are a veteran, current member of the military or have certain relatives in the military. For our full analysis of the top-rated auto insurers in Arkansas, go to our page on Arkansas car insurance.
Overall rank* | Company | Extremely satisfied | Rated customer service as "excellent" |
|---|---|---|---|
| 1 | USAA | 78% | 62% |
| 2 | Nationwide | 78% | 53% |
| 3 | State Farm | 73% | 46% |
| 4 | Allstate | 72% | 47% |
| 5 | Farmers | 71% | 38% |
| 6 | Progressive | 74% | 34% |
| 7 | Geico | 64% | 42% |
*Overall rank takes both overall satisfaction and customer service rankings into account.
Average car insurance cost in Texarkana by neighborhood
Where you live in a city can impact insurance rates because factors such as crime and traffic often affect prices. Texarkana, Ark., only has one ZIP code, 71854, but the town is situated along the Texas border and the city of Texarkana, Texas.
Drivers on the Arkansas side get better insurance rates. We found that drivers in Texarkana, Texas, pay 15% more for full coverage and 40% more for full coverage.
ZIP code | Full coverage | Minimum coverage |
|---|---|---|
| 71854 (Arkansas) | $2,212 | $603 |
| 75501 (Texas) | $2,538 | $852 |
| 75503 (Texas) | $2,573 | $852 |
| 75599 (Texas) | $2,519 | $835 |
Auto theft statistics in Texarkana
Texarkana has a lower rate of car theft than some of the largest cities in Arkansas. Among the 15 largest cities in the state, Texarkana was sixth in terms of fewest car thefts per 1,000 residents, at 2.3.
Among those cities, Pine Bluff had the highest rate, at 6.5, while Bentonville had the lowest, at 0.6. Little Rock had the most thefts overall, with 1,069. Texarkana had 132 total thefts in 2019.
Rank | City | Population | Car thefts | Thefts per 1,000 |
|---|---|---|---|---|
| 1 | Bentonville | 53,434 | 31 | 0.6 |
| 2 | Conway | 67,336 | 98 | 1.5 |
| 3 | Rogers | 69,168 | 103 | 1.5 |
| 4 | Jonesboro | 78,261 | 132 | 1.7 |
| 5 | Russellville | 29,446 | 59 | 2 |
Motor vehicle theft data was pulled from the FBI 2019 Arkansas crime report.
Methodology
ValuePenguin gathered quotes from hundreds of ZIP codes and nine insurers across Arkansas. The sample driver is a 30-year-old Honda Civic EX owner. Unless otherwise noted, the driver has average credit and a full-coverage policy.
ValuePenguin used Quadrant Information Services, which sources data from public insurance filings. Rates are for comparative purposes only; yours will likely differ.
Source: FBI 2019 Arkansas crime report
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.