Who Has The Cheapest Renters Insurance Quotes in Arkansas?

We conducted a study to see which residents have the cheapest renters insurance in Arkansas. The study evaluated quotes for a sample property (a rental property with roughly 1,000 square feet of living space and $100,000 in liability coverage) so rates have comparative value, but are not indicative of what tenants can expect to pay for their renters insurance. Read more below, or enter your zip code above to begin looking for renters insurance quotes.

Cheapest Renters Insurance in Arkansas

To find the cheapest renters insurance in Arkansas, we collected quotes for a sample property of 1,000 square-feet. For our sample renters policy, Allstate ranked the cheapest with an average annual rate of $346. This rate is about 50% cheaper than the most expensive average annual rate in Arkansas provided by Farmers at $696. Here are the average annual rates for five major carriers of insurance in the state, ranked from most affordable to least affordable:

Rank

Cheapest Renters Insurance CompanyAnnual Average Rates

1

Allstate$346

2

State Farm364

3

Amica374

4

Liberty Mutual477

5

Farmers696

Average452

These rates were for a sample property. To find the best rates for yourself, we recommend looking for quotes from multiple insurance companies and comparing them.

Best Renters Insurance Rates in Arkansas: by City

All of the top five cheapest places to insure our sample property in the state of Arkansas are located in the northwest corner of the state. The cheapest cities, Bentonville and Fayetteville, both have rates that are 14% lower than the average for the state.

Rank

CityAverage Annual Rate% Difference vs State Average

1

Bentonville$398-12.0%

2

Fayetteville398-12.0%

3

Siloam Springs404-10.6%

4

Springdale404-10.6%

5

Fort Smith412-8.7%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Bentonville, AR

Bentonville is the county seat of Benton County, which was founded on September 30, 1836. With the establishment of Wal-Mart, the country's largest company, the city's Jewish community became significant, and the city's population increased significantly. Bentonville is home to the headquarters of Wal-Mart and is the 11th largest city in the state. Bentonville has the cheapest renters insurance rates for our sample property in Arkansas. Rates cost 12% less than the sample property’s average rate for the state.

Fayetteville, AR

The city is served by the Fayetteville Municipal Airport. The Northwest Arkansas Regional Airport also provides air transportation for the region. Renters insurance rates for our sample property in Fayetteville also were 12% less than the average for the property in the state.

Siloam Springs, AR

Siloam Springs was settled by Simon Sager in 1835. The area was originally known as Hico. The area's first post office was established in 1884. It became a summer resort in 1879 after discovering that the city's waters contained medicinal qualities. It was renamed Siloam City in 1880. Later on, the name was changed to Siloam Springs. It was named after a biblical place. Siloam Springs was incorporated on December 22, 1881. The first railroad entered the city in 1897. Tenants in Siloam Springs pay 10.6% less to insure our study’s sample property than the state average.

Springdale, AR

Springdale was originally inhabited by Native American tribes. The Osage Indians used the area for seasonal hunting in the late 18th century. It was first settled by the whites in the 1830s. The Shiloh Primitive Baptist Church was the area's first church, and it was established in 1843. The area was also named Shiloh. The first post office was established in 1872, and the area was renamed to Springdale because another Shiloh existed in Arkansas. The city was incorporated on April 1, 1878. At 10.6% less than the state average, rates to insure our sample property in Springdale are the fourth cheapest in Arkansas.

Fort Smith, AR

Fort Smith is home to the state's oldest symphony Orchestra, as well as Arkansas' oldest continually-running volunteer theater. It's featured in multiple stories of Old West lore including True Grit and characters Belle Starr, Judge Isaac C. Parker and others. The town was originally established by the army in 1817, which still has a strong presence in town. In recent years, Forbes Magazine named the town as the number one city in America in relation to cost of living. Renters insurance rates for our sample property in Fort Smith are 8.7% lower than the average rate for the sample property in the state.

Most Expensive Renters Insurance in Arkansas

The most expensive places to insure our study’s sample rental property are all located adjacent to or nearby water - three are along the Mississippi River. Helena-West Helena is the most expensive in the state, with rates for our sample property that are 30% higher than the same property’s average for the state.

Rank

CityAverage Annual Rate% Difference vs State Average

1

Helena West Helena$64442.4%

2

Osceola51914.9%

3

West Memphis4816.4%

4

Pine Bluff4703.9%

5

Stuttgart4693.8%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Helena-West Helena, AR

The cost to insure our sample property in Helena-West Helena is significantly more than the rest of the state. Rates are 42.4% more than the average rates to insure the sample property in the state.

Osceola, AR

Osceola was named after the Seminole chief. It was incorporated on January 12, 1853. Osceola saw guerilla fighting during the days of the American Civil War. It was in favor of Arkansas seceding from the Union. It also saw racial disharmony. The introduction of the railways and its closeness to river transportation contributed to its growth. The city gradually acquired an industrial base. It is one of the two county seats of Mississippi County, which was established on November 1, 1833, and named after the Mississippi River. Though not as high as Helena-West Helena, renters insurance rates for our study’s sample property in Osceola are 14.9% higher than the average for the state.

West Memphis, AR

The first inhabitants of West Memphis were the Mound Builders, a native American tribe. The Europeans who came to West Memphis were led by the Spanish explorer Hernando de Soto. This city was originally founded as a logging camp. It was constructed in the year 1797 and known as the Bragg's Mill. The city received its present name in the early 1900s. The name stems for the fact that lumber shipped from the Memphis market to foreign buyers fetched higher prices. Renters insurance rates in West Memphis are 6.4% higher for our sample property compared to the state average.

Pine Bluff, AR

Pine Bluff was incorporated in January 1839. In 1819, Joseph Bonne, who was half Quapaw Indian and half French, settled here. The Quapaws began to give up their land titles after the treaty of 1824. Many settlers arrived in the 1820s. Pine Bluff was made the county seat of Jefferson county during the 1832 county election. The city grew due to the increase of transportation facilities. Pine Bluff was affected by the Civil War and recovered slowly after the war. A flood in 1927 and drought in 1930 shockingly affected the area's economy. World War II had a deep impact on Pine Bluff. In 2004, the Wal-Mart Super center opened which brought much growth to the area. Our sample property rates were 3.9% higher in Pine Bluff than the average for the property in the state.

Stuttgart, AR

Stuttgart was founded in the fall of 1878 by Louis Sterling Stigger, a native of Germany. The area's post office was established in 1880, and Stigger became the first postmaster. He named the area after Stuttgart in Germany. The first railroad entered the city in 1882. The area was platted in 1884. The city was incorporated on April 19, 1889, and Colonel Robert Crockett became the first mayor. Rice farming was first introduced to the area in 1904. Stuttgart was almost completely destroyed by an EF3 tornado on May 10, 2008. Like Pine Bluff, renters insurance rates for our sample property are 3.8% higher than the average for the property in the state.

Average Cost of Renters Insurance in Arkansas: by City

For our renters insurance study, we gathered quotes from five major carriers for 41 cities across Arkansas. Using that data, we calculated a mean renters insurance rate for the state of $452 and compared it to city data. Our analysis found rates in some cities were as much as 12% less and 42.4% more than the mean rate. That difference is significant, but not as extreme as other states. In the state of Michigan, for example, renters insurance rates are as much as 18% lower than the respective state mean and 49% higher.

Renters Insurance Rates in Arkansas

Study Methodology

Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage. We then collected quotes for that sample residence from five of the major carriers that offer a renters insurance product in the state of Arkansas. We averaged rates for the sample home in each city as a benchmark to show which cities are relatively cheaper or more expensive. Those comparative values are not indicative of what tenants can expect to pay for an annual renters insurance premium. Based on hundreds of quotes for our study's sample home, we found that the most expensive city costs 14% more than the cheapest in our analysis.

Rank

CityAverage Annual Rate% Difference vs State Average

33

Arkadelphia$4673.3%

15

Batesville443-2.0%

12

Bella Vista429-5.2%

20

Benton4571.0%

1

Bentonville398-12.0%

30

Blytheville4652.9%

21

Bryant4571.0%

23

Cabot4571.2%

24

Camden4612.0%

11

Clarksville428-5.3%

13

Conway439-2.8%

25

El Dorado4612.0%

2

Fayetteville398-12.0%

5

Fort Smith412-8.7%

6

Greenwood412-8.7%

8

Harrison414-8.5%

41

Helena West Helena64442.4%

26

Hope4612.0%

10

Hot Springs421-6.9%

19

Jacksonville4560.9%

16

Jonesboro4520.0%

31

Little Rock4663.0%

34

Magnolia4673.4%

32

Malvern4663.1%

27

Maumelle4632.5%

36

Monticello4683.6%

7

Mountain Home413-8.5%

18

Newport4550.6%

28

North Little Rock4632.5%

40

Osceola51914.9%

17

Paragould4540.5%

38

Pine Bluff4703.9%

22

Russellville4571.1%

14

Searcy441-2.4%

29

Sherwood4632.5%

3

Siloam Springs404-10.6%

4

Springdale404-10.6%

37

Stuttgart4693.8%

35

Texarkana4673.4%

9

Van Buren419-7.4%

39

West Memphis4816.4%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

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