Like all but a tiny handful of states, Arkansas requires every person who drives a motorized vehicle on Arkansas roads to purchase automobile insurance. In Arkansas the minimum liability insurance that a driver must carry is $25,000 bodily injury per person with $50,000 per accident plus an additional $25,000 in property insurance.
If you own a newer vehicle, or a very expensive model, and your vehicle is financed, your lender may require that you carry more than the state-required minimum coverage.
Arkansas also has a system in place to keep track of every single registered vehicle in the state of Arkansas – the moment any vehicle becomes uninsured, the state of Arkansas has the ability to revoke that vehicle’s registration, rendering that vehicle illegal to drive.
In other words, Arkansas is serious about drivers purchasing automobile insurance, and since you have to purchase automobile insurance in order to drive on public roads, it just makes sense to search around in order to get the best rates on automobile insurance here in Arkansas.
But before you jump online and start looking for great automobile insurance rates there are a few simple steps you can take that will insure that you are able to get the great rates you need.
Start by driving safely and legally. In other words, speeding tickets and other moving violations are going to shoot your automobile insurance premiums sky high. And if you are convicted of Driving Under the Influence (DUI) or of Driving While Intoxicated (DWI) you can forget finding great rates on your automobile insurance for a minimum of three years.
Younger drivers are considered a bad risk and so their insurance premiums are traditionally higher than most other driver’s rates. However, if you are under 25 and still in school, and you can maintain at least a 3.0 grade point average then you can qualify for a Good Student Discount on your insurance and save anywhere from 5% to 15% each and every month.
Older drivers can get a break as well. If you’re 55 or older you may be able to take a special driver’s refresher course and save as much as 10% on your monthly premium. Not all insurance companies offer this discount, so check with your agent.
If you only drive a few miles each week, talk to your agent about a Low Mileage Discount – there’s no point paying for automobile insurance when your car’s just sitting in the garage.
And speaking of garages, if you have a garage that you can keep your car in at night you may qualify for an additional discount.
Is your car an older model? If your car no longer has any Kelly Blue Book value you may want to discontinue paying for comprehensive and collision insurance since your insurance company won’t pay off on those coverages anyway.
And before you buy that brand new expensive muscle car be sure to check with your agent regarding just how much it’s going to cost you in insurance premiums each month. When it comes to how much your insurance is going to cost, not all cars are created equal – some cost a lot more to insure than others.
How much of a deductible can you afford? The more you can afford to pay out of your own pocket any time you have a claim – and so the less your insurance company is going to pay – the less your insurance company will charge you each month for the coverage.
O.K., now it’s time to get online and check out the prices of automobile insurance policies offered by different insurance companies. Remember, no one website compares all of the different insurance companies, so if you really want the very best rates on automobile insurance that you can possibly find in Arkansas, you are going to have to spend a little extra time and make comparisons on at least 3 different sites.
The extra time you take will be well repaid in savings on your automobile insurance premium that will add up month after month.