Best and Cheapest Renters Insurance in Arkansas for 2025 (Top 10 Low-Cost Companies)
USAA, State Farm, and Geico lead the pack for best and cheapest renters insurance in Arkansas, with rates starting at just $12 per month.
USAA is perfect for military families, covering personal property at replacement value. State Farm offers flexible plans, like liability coverage up to $500,000, and Geico keeps it simple with affordable rates and quick claims.
| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 |
#1 | $12 | A++ | Military Benefits | USAA |
 |
#2 | $15 | B | Comprehensive Coverage | State Farm |
 |
#3 | $18 | A++ | Affordable Rates | Geico |
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#4 | $19 | A | Customizable Options | Liberty Mutual |
 |
#5 | $20 | A++ | Flexible Policies | Travelers |
 |
#6 | $25 | A+ | Broad Discounts | Nationwide |
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#7 | $26 | A+ | Competitive Pricing | Progressive |
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#8 | $27 | A | Smart Home Integration | American Family |
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#9 | $30 | A+ | Extensive Discounts | Allstate |
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#10 | $33 | A | Claims-Free Incentives | Farmers |
With options tailored to renters' needs, these top providers make securing coverage simple and affordable. Are you prepared to discover the ideal plan? Use our free comparison tool to get insurance quotes right away.
What You Should Know
- USAA is the top pick, offering military families replacement cost coverage for belongings
- Get the best and cheapest renters insurance in Arkansas with rates starting at $12/month
- Policies include liability coverage up to $500,000 and protection against natural disasters
#1 – USAA: Top Overall Pick
Pros
- Specialized Military Benefits: Designed renters insurance in Arkansas for active-duty service members and veterans.
- Protection of Global Property: It shields assets worldwide, making renters insurance in Arkansas perfect for military tenants based overseas.
- No Fees on Uniform Damage: Provides a unique advantage for military renters by waiving deductibles for uniforms under renters insurance in Arkansas.
Cons
- Restricted Eligibility: Renters insurance is available only to military members and their families in Arkansas. Learn more in our USAA insurance review.
- No Civilian Bundling Options: Discounts in Arkansas are unavailable for customers without military ties under renters insurance.
#2 – State Farm: Best for Comprehensive Coverage
Pros
- Extensive Liability Choices: This company offers liability limits as high as $500,000, which suits Arkansas tenants requiring more protection.
- Coverage for Damage From Pets: This includes choices for damage caused by pets and an extra benefit for people renting in Arkansas with animals.
- Localized Assistance: Offers personalized help through Arkansas-based agents, enhancing renters insurance in Arkansas support.
Cons
- Basic Coverage Standard: Some renters in Arkansas may find fewer innovative features than other providers. See more details on our State Farm renters review.
- Restricted Discount Opportunities: Fewer bundling deals are available for renters insurance in Arkansas than with Geico.
#3 – Geico: Best for Affordable Rates
Pros
- Discount for Federal Employees: Renters in Arkansas who work for the government get unique discounts of up to 8%.
- Simplified Policy Management: Arkansas renters enjoy user-friendly online tools for managing policies.
- Low Premiums for Urban Areas: Affordable rates even in densely populated parts of Arkansas.
Cons
- Third-Party Policies: Renters insurance in Arkansas is underwritten by partner companies, not Geico.
- No Standalone Discounts: Most discounts require bundling with auto insurance. Check out insurance savings in our complete Geico renters insurance review.
#4 – Liberty Mutual: Best for Customizable Options
Pros
- Customizable Valuables Protection: Allows coverage for high-value items like electronics or art under renters insurance in Arkansas.
- Fast Quote Generation: Renters in the state can quickly obtain premium estimates for renters insurance in Arkansas online.
- Replacement Coverage for Possessions: Reimburses at replacement value, ensuring full protection through renters insurance in Arkansas.
Cons
- Higher Starting Rates: At $19/month, it’s pricier than some Arkansas competitors. Discover more about offerings in our Liberty Mutual renters review.
- Customer Satisfaction: Mixed reviews on claims handling for renters insurance in Arkansas.
#5 – Travelers: Best for Flexible Policies
Pros
- Robust Natural Disaster Coverage: Protects renters in Arkansas from tornadoes and floods.
- Flexible Deductibles: Arkansas renters can choose deductibles to fit their budget. Access comprehensive insights into our Travelers renters insurance review.
- Expense Coverage for Displacement: Pays for living costs if your property becomes unlivable under renters insurance in Arkansas.
Cons
- Premiums on the Higher Side: Starting at $20/month, it’s less competitive than providers like USAA.
- Fewer Savings for Students: Limited discounts for college students opting for renters insurance in Arkansas.
#6 – Nationwide: Best for Broad Discounts
Pros
- Wide Range of Savings: Renters insurance in Arkansas offers multiple discounts, including bundling options. Delve into our evaluation of our Nationwide insurance review.
- Protection for Valuable Items: It insures expensive things such as jewelry and electronics for people renting places in Arkansas.
- Powerful Financial Support: An A+ rating confirms dependable assistance in insurance claims for renters in Arkansas.
Cons
- Higher Initial Cost: In Arkansas, renters insurance premiums begin at $25 monthly, more than some competitors charge.
- Limited Policy Flexibility: Renters' insurance in Arkansas might provide fewer customization choices than other providers.
#7 – Progressive: Best for Competitive Pricing
Pros
- Affordable Premiums With Discounts: Renters insurance in Arkansas provides savings with multi-policy bundles.
- Flexible Billing Options: Renters in Arkansas can choose from monthly or yearly payment options that fit their budgets.
- Easy-to-use Web Platform: Renters in Arkansas can conveniently handle their insurance policies and claims online.
Cons
- Discount Reliance on Bundles: Most renters insurance savings in Arkansas come from combining policies. Our Progressive insurance review reveals details.
- Basic Features: Renters insurance in Arkansas lacks standout perks compared to companies like USAA or Travelers.
#8 – American Family: Best for Smart Home Integration
Pros
- Discounts for Smart Home Devices: Arkansas renters using smart tech can save on renters insurance in Arkansas.
- Adaptable Policy Options: Customizable plans meet the unique needs of renters insurance in Arkansas. Discover insights in our American Family insurance review.
- Reliable Financial Rating: An A-grade ensures trust in renters insurance in Arkansas claims processing.
Cons
- Costlier Monthly Rates: Renters insurance in Arkansas starts at $27/month, higher than Geico or State Farm.
- Inconsistent Features Across Locations: Renters insurance in Arkansas may lack certain discounts in specific areas.
#9 – Allstate: Best for Extensive Discounts
Pros
- Multiple Savings Opportunities: Renters insurance in Arkansas offers discounts for safe practices and bundling.
- Strong Responsibility Coverage: Complete protection for renter's insurance in Arkansas to guard against accidents and property damage.
- Efficient Claims Processing: Renters' insurance claims are handled quickly in Arkansas because of a strong network. For additional details, explore our Allstate insurance review.
Cons
- Higher Premium Costs: Renters insurance in Arkansas starts at $30/month, making it less affordable than competitors.
- Fewer Unique Policy Options: Renters insurance in Arkansas lacks innovative features from other providers.
#10 – Farmers: Best for Claims-Free Incentives
Pros
- Incentives for Claim-Free History: Arkansas renters earn rewards on renters insurance in Arkansas for no claims.
- Optional Policy Enhancements: Identity theft protection adds value to renters insurance in Arkansas. To find out more, explore our Farmers insurance review.
- Financial Stability: An A-rated provider ensures dependability for Arkansas customers' renters' insurance.
Cons
- Expensive Monthly Rates: Renters insurance in Arkansas premiums start at $33/month, which is among the highest.
- Slower Claims Resolution: Renters insurance in Arkansas policyholders report slower claim processes than others.
Customizable Plans for Arkansas Renters
USAA has the lowest rate, $12 per month, offering military families great perks like replacement cost coverage. State Farm is $15 monthly, perfect for renters looking for flexible plans and solid liability protection.
| Insurance Company | Monthly Rates |
|---|---|
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$30 |
|
$27 |
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$33 |
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$18 |
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$19 |
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$25 |
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$26 |
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$15 |
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$20 |
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$12 |
At $18 per month, Geico keeps things affordable with bundling discounts, while Liberty Mutual’s $19 per month rate is excellent for adding coverage for valuables. Travelers offer flexible policies at $20 monthly, including extra living expense coverage. Nationwide at $25 per month and Progressive at $26 per month strike an outstanding balance between price and options, providing comprehensive insurance coverage to meet varied needs.
American Family stands out at $27 monthly for smart home integration discounts, while Allstate provides strong liability options at $30 monthly. Farmers at $33 monthly reward claims-free renters with unique incentives and optional add-ons like identity theft coverage.
Top Discounts for Renters Insurance in Arkansas
Renters insurance offers many ways to save, and the discounts vary depending on the company. Bundling policies is one of the best ways to cut costs—USAA leads with a 25% discount, followed by Geico at 22% and Progressive at 21%.
| Insurance Company | Bundling | Claims-Free | Security Systems | Loyalty | AutoPay |
|---|---|---|---|---|---|
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20% | 15% | 10% | 5% | 5% |
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18% | 12% | 10% | 7% | 6% |
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15% | 10% | 8% | 6% | 5% |
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22% | 18% | 12% | 8% | 7% |
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20% | 15% | 10% | 7% | 6% |
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19% | 14% | 11% | 6% | 5% |
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21% | 16% | 12% | 8% | 6% |
|
18% | 14% | 9% | 6% | 5% |
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19% | 15% | 11% | 7% | 6% |
|
25% | 20% | 15% | 10% | 8% |
Keeping a clean claims record can also save you money. USAA offers up to 20% off, while Geico and Progressive follow with 18% and 16%. Adding security systems is another easy way to save, with USAA offering 15% off and Geico and Progressive giving 12% off. Loyalty perks and auto-pay options can knock another 5% to 10% off your premium.
USAA is the clear winner for renters looking for the biggest savings, but Geico and Progressive are great options, too. These discounts and things you should know about renters insurance make it easy to secure comprehensive renters insurance in Arkansas without breaking the bank.
Key Risks to Cover with Renters Insurance in Arkansas
Understanding claim costs is key to choosing the right renters insurance in Arkansas. Water damage, the most common claim at 30%, costs an average of $7,500, while theft claims covered under renters insurance cover theft, making up 25% and costing an average of $2,500.
| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Water Damage | 30% | $7,500 |
| Theft | 25% | $2,500 |
| Fire Damage | 20% | $15,000 |
| Wind/Hail Damage | 15% | $5,000 |
| Liability Claims | 10% | $10,000 |
Fire damage is less frequent (20%) but the priciest, averaging $15,000 per claim. Wind and hail damage account for 15% of claims, at $5,000 each, and liability claims, though less common (10%), average $10,000. Picking the right renters insurance in Arkansas can save you from significant out-of-pocket costs when disaster strikes. Since claims like fire damage can hit $15,000, solid coverage gives you peace of mind and protects your finances.
Renters Insurance Options for Arkansas College Students
College students in Arkansas often have to choose between renting apartments off-campus or living in on-campus dorms. To protect their belongings, students should consider renters insurance simplified for millennials as a straightforward solution.
When people live in a school dorm, their belongings are typically protected by their parents' home insurance. However, this policy generally does not cover students who rent off-campus apartments. In such instances, renters insurance coverage is required to protect their property. They will not be able to pay potential losses without it.
Since most college students share apartments with roommates, it's not recommended that they share a renter's insurance policy. Each student should secure their policy to protect their personal property adequately.
Tips to Lower Your Renters Insurance Costs in Arkansas
Renters insurance is generally more budget-friendly than other types of coverage, but avoiding overpaying is essential. So, how can you reduce your Arkansas renters insurance costs and free up some extra cash?
Here are five practical ways to save on your renters insurance:
- Install Safety Features: Adding smoke detectors, deadbolts, or security systems reduces risks, which can lower your premium.
- Raise Your Deductible: Choosing a higher deductible lowers your monthly payment, but be prepared to pay more out-of-pocket for claims.
- Ask for Discounts: Inquire about savings for being claims-free, signing up for paperless billing or loyalty rewards to reduce costs.
- Bundle Your Policies: You can bundle renters and auto insurance with the same provider to get multi-policy discounts and save money.
- Pay in Full: Paying your premium upfront avoids installment fees and can qualify you for a reduced rate.
Cutting costs on renters insurance in Arkansas is simple with some clever approaches. Increasing your deductible, bundling policies, or utilizing available discounts can reduce your premium while keeping your belongings secure.
Rating and Ranking Renters Insurance in Arkansas
Staying true to its commitment to transparency, Clearsurance keeps its rating and ranking formulas completely open. The platform’s algorithm evaluates a variety of inputs shared by its independent community of insurance customers, helping you make informed decisions while planting for your financial future with insurance.
- Price
- Customer Service
- Claim Service
- Likelihood to Renew
The algorithm looks at what customers say a company does well versus where they think it could improve. Clearsurance’s ratings and rankings are all based on genuine customer reviews and feedback.
In a Reddit thread about the best renters insurance, people shared tips and personal experiences to help others find the right coverage. Some recommended comparing quotes and checking what’s included, like coverage for your stuff and liability.
State Farm was often mentioned as affordable and easy to work with. The advice was to read reviews and pick a policy that fits your needs, whether you live in a small apartment or share a place.
Understanding Arkansas Property Crime Rates
Standard renters insurance policies cover a variety of dangers, including theft, vandalism, and intentional mischief, among 16 specified perils. However, it is crucial to understand what renters insurance does not cover, such as flood or earthquake damage, unless supplemental coverage is acquired.
But how does Arkansas’s crime rate measure up against other states? The FBI shared the following crime statistics for Arkansas:
- Property Crime: 3,254
- Burglary: 792
- Larceny Theft: 2,224
All three statistics for Arkansas rank higher than the national average rate per 100,000 inhabitants.
Finding the Best Rates for Renters Insurance in Arkansas
There are a lot of misconceptions about what renters insurance does and doesn't cover, which is why having a guide for understanding renters insurance is so essential. Before getting a policy from one of Arkansas's top renters insurance companies, it's necessary to know what's included. For instance, many policies offer liability coverage if a non-resident gets injured on your property. Some even cover additional living expenses if your apartment becomes unlivable due to an incident.
A renters policy may help you cover unexpected events such as theft, water backup damage, and certain natural disasters. Even though renters insurance is not required by law, landlords might require you to purchase a policy to cover the property damage. Having reliable coverage to protect your personal property in case of fire, accident, or burglary is a good idea.
Renters insurance is relatively cheap, but its value is significant because it can replace personal belongings and protect guests in an accident. Moreover, if you want extra coverage for jewelry or other high-value items, you may get additional coverage on top of your renter's coverage.
Using our free comparison tool, you can obtain the lowest rates regardless of your required coverage.
Frequently Asked Questions
What is a reasonable amount for Arkansas renters insurance?
Arkansas renters insurance can be reasonably priced at $15 to $25 per month, with discounts and coverage selections determining the exact amount.
Is it better to get your own renters insurance in Arkansas?
Yes, it's better to have your own renters insurance in Arkansas to ensure your belongings and liability are covered, as your landlord's policy only covers the property.
What are the disadvantages of renters insurance in Arkansas?
Renters insurance in Arkansas doesn't cover floods or earthquakes unless additional policies are purchased, and there's typically an insurance deductible for claims, which is the amount you pay out of pocket before coverage kicks in.
Which insurance policy is primarily for renters in Arkansas?
If your rental property in Arkansas becomes uninhabitable, your regular renters insurance coverage will cover your personal belongings, liability, and additional living expenses.
What are the options when choosing Arkansas renters insurance?
Arkansas renters insurance options include basic policies, policies with additional coverage for valuables, and discounts for bundling or safety features.
What are three things that renters insurance in Arkansas typically does not cover?
Renters insurance in Arkansas typically does not cover flood damage, vehicle theft, or high-value items unless added coverage is purchased. A common renters insurance myth is that it automatically covers all types of damage, making it essential to understand what's included in your policy.
Is it better to have a higher or lower deductible for renters insurance in Arkansas?
A higher deductible lowers your monthly premium, while a lower deductible means paying less out of pocket for claims.
Can you be evicted for not having renters insurance in Arkansas?
If your lease requires renters insurance, failing to provide proof could lead to eviction.
Is landlord insurance cheaper than regular insurance in Arkansas?
Landlord insurance is often more expensive than renters insurance because it covers the structure and liability risks of renting out a property. Landlords often require renters insurance to guarantee tenants have coverage for their personal possessions and liability, thereby decreasing potential disputes.
What kind of renters insurance in Arkansas should I get?
To meet your specific needs, choose renters insurance that includes personal property protection, liability coverage, and additional living expenses.
Is there a deductible for renters insurance in Arkansas?
Yes, renters' insurance policies typically have a deductible, which you pay out of pocket before coverage.
What kind of insurance should you have if you live in an apartment in Arkansas?
If you live in an apartment, renters insurance is essential to protect your belongings and provide liability coverage. Additionally, both roommates need renters insurance to cover their possessions, and liability protection applies to each person separately.
Why would someone choose not to have renters insurance in Arkansas?
Some may choose not to have renters insurance due to the misconception it's unnecessary or expensive, though it's relatively affordable and highly beneficial.
What are the disadvantages of renters insurance in Arkansas?
Renters insurance doesn't cover all types of damage, such as floods or earthquakes, and requires you to pay a deductible for claims.
What happens if you don't have renters insurance in Arkansas and there's a fire?
Without renters insurance, you'll have to pay for replacing your belongings and any additional living expenses out of pocket. Following best practices to prevent a fire at your home, such as installing smoke detectors and avoiding overloaded outlets, can help reduce risks and protect your property.
What is the replacement cost for renters insurance in Arkansas?
Replacement cost renters insurance reimburses you for replacing items with new ones rather than their depreciated value.
Will my landlord know if I cancel renters insurance in Arkansas?
If your lease requires renters insurance, your landlord may be notified if you cancel the policy.
What are the most common claims in Arkansas?
Arkansas's most common renters insurance claims include water damage, theft, fire, and wind or hail damage. Many renters realize the importance of proper coverage through lessons learned after a natural disaster, highlighting the need for protection against unexpected events.
Is renters insurance cheaper than homeowners insurance in Arkansas?
Yes, renters insurance is significantly cheaper than homeowners insurance in Arkansas, with monthly rates starting as low as $15, compared to much higher homeowners premiums.
What additional policies do I need in Arkansas?
You may need flood or earthquake insurance in Arkansas, as standard renters insurance policies don't cover these events.
You may use our free comparison tool to find out which companies offer the best rates by entering your ZIP code.