Who Has the Cheapest Renters Insurance Quotes in Arkansas?

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.

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.

Cheapest renters insurance companies in Arkansas

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

Arkansas is an expensive state for renters insurance. Its prices are 28% higher than the national average, and only seven states are more expensive.

Cheapest renters insurance companies in Arkansas

Best renters insurance for most people: Lemonade

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

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

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 in Arkansas.

Arkansas renters insurance: Costs by city

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.

The best-rated renters insurance companies 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.

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

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.