Renters Insurance

Who Has the Cheapest Renters Insurance Quotes in Arkansas?

Who Has the Cheapest Renters Insurance Quotes in Arkansas?

Lemonade offers the cheapest rate for renters insurance in Arkansas, at just $15 per month.

Renters insurance in Arkansas costs an average of $23 per month. Lemonade is 34% cheaper than average, while State Farm, the state's second-cheapest option, is 19% cheaper.

Compare Renters Insurance Quotes in Arkansas

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Renters insurance is an affordable investment, but it can save you thousands if you experience a loss. We reviewed the top insurers in Arkansas to find the best options in the state.

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Cheapest renters insurance companies in Arkansas

With an average rate of $15 per month, Lemonade offers the cheapest rates for renters insurance in Arkansas.

State Farm and Travelers also offer rates cheaper than the state average of $23 per month, or $274 per year.

Cheapest renters insurance companies in Arkansas

Compare Renters Insurance Quotes in Arkansas

Currently insured?
It's free, simple and secure.

Arkansas is an expensive state for renters insurance. Its prices are 30% higher than the national average, and only seven states are more expensive.

Company
Monthly cost
Lemonade logo
Lemonade$15
State Farm logo
State Farm$18
Travelers logo
Travelers$22
Nationwide logo
Nationwide$23
Allstate logo
Allstate$28
Amica logo
Amica$31

Best renters insurance for most people: Lemonade

Lemonade provides renters with low rates and a convenient online experience.
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Read the full review.

The good:

  • Great prices
  • Convenient online experience

The bad:

  • Midlevel customer service

Lemonade is our top recommendation for Arkansas renters because of its combination of rates and ease of use. The company's average price of $15 per month means savings of $93 per year compared to the state average.

Lemonade will get you an online quote with little hassle and is well rated in terms of customer satisfaction by J.D. Power. However, it does have a higher-than-average rate of customer complaints, according to the National Association of Insurance Commissioners (NAIC). Lemonade will allow you to augment coverage with water backup protection and appliance breakdown coverage for low annual rates.

Best for do-it-yourselfers: Travelers

Travelers includes coverage for improvements you make for your rental unit.
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Read the full review.

The good:

  • Extended coverage for home improvements
  • Below-average rates

The bad:

  • Poor customer service

Renters who want to put work into their property in Arkansas can get an extra benefit by going with Travelers. In its basic policy, the company includes the option to apply up to 10% of your personal property coverage to repair or replace home improvements you made or acquired. The company also has coverage add-ons that include replacement cost coverage for personal property, coverage for refrigerated property and personal injury coverage.

Travelers' average price of $22 per month falls just below the state average. The company does not have a strong reputation for customer service, as it is the worst-ranked renters insurance company by J.D. Power.

Best customer service: Amica

Amica offers strong customer service, but it does not come cheap.
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Read the full review.

The good:

  • A strong reputation for customer service
  • Several extra coverage options

The bad:

  • High rates

Arkansas renters looking for strong customer service should take a look at Amica. The company has a low rate of complaints, according to the National Association of Insurance Commissioners, and scores well in ValuePenguin's editor's rating.

That service is extremely valuable after an incident because you will likely be without important possessions or unable to live in your home at all. Good service means less hassle as you try to get your life back to normal.

You will have to pay more for Amica, as its average rate of $369 per year is the highest we found in Arkansas.

Arkansas renters insurance: Costs by city

The city of Rogers has the lowest renters insurance rates among Arkansas' largest cities, with an average of $233 per year for coverage.

The most expensive city is the state capital, Little Rock. Where you live often influences your rates, with factors such as natural disasters, like tornadoes and flooding, or high crime rates raising prices.

City
Average annual cost
Difference from state average (%)
Bella Vista$270-2%
Benton$2740%
Bentonville$246-10%
Bryant$2802%
Cabot$2833%
Show All Rows

The best-rated renters insurance companies in Arkansas

USAA and Amica have the top-rated renters insurance in Arkansas.

USAA is only available to members of the military and some of their family members, but it has a sterling reputation for working with customers. Amica is also strongly rated, but it's on the expensive side in Arkansas.

Company
Rating
USAA
Amica
State Farm
Lemonade
Nationwide
Allstate
Travelers

Insurers are rated based on J.D. Power's customer satisfaction ratings, the NAIC complaint index and ValuePenguin's own editorial ratings.

Strong customer service from your renters insurance company is essential, especially while you're making a claim. Insurers with good customer service will answer your questions throughout the process and make sure you're compensated quickly and fairly after you've filed.

Frequently asked questions

How much is renters insurance in Arkansas?

The average price of renters insurance in Arkansas is $23 per month. That's 30% higher than the national average.

What is the best renters insurance in Arkansas?

Lemonade is our top recommendation for renters insurance in Arkansas. It offers the cheapest average rate, $15 per month, along with a smooth online purchase experience.

Is renters insurance required in Arkansas?

Renters insurance is never required by law. Your landlord, however, might require you to maintain a policy.

Methodology

To find the best prices for renters insurance in Arkansas, we collected and analyzed quotes from six top insurers in 25 of the largest cities in the state. All of our quotes were for a single 30-year-old man who lives alone. He's protected himself with $30,000 of personal property coverage with a $500 deductible and $500,000 of liability protection.

Renters insurance ratings were calculated using data from the J.D. Power renters insurance customer satisfaction survey, the NAIC's complaint index and ValuePenguin's editor's ratings.

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.