Arkansas Insurance Requirements & Rates

Arkansas requires minimum liability coverage of 25/50/25 (bodily injury per person / per accident / property damage). Arkansas is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is not required but recommended.

Arkansas homeowners face risks from tornadoes, flooding, severe thunderstorms, ice storms. The flood risk level is moderate and earthquake risk is moderate. Standard deductibles apply. The average annual home insurance premium is $4,107.

Arkansas requires riders under 21 to wear helmets. Lane splitting is not legal. The riding season is march–november.

Yes, workers' compensation insurance is required in Arkansas. Businesses with fewer than 3 employees exempt. Arkansas has approximately 270,000 small businesses, with top industries including Agriculture, Retail, Transportation & Logistics.

Yes, Arkansas has expanded Medicaid. The state uses a state-federal partnership health insurance marketplace. The uninsured rate is 8%.

Yes, landlords in Arkansas can require tenants to carry renters insurance as a condition of the lease. About 33% of Arkansas residents are renters, with average monthly rent of $775.

Arkansas has an uninsured motorist rate of 19.3%, which is above the national average. Factors include tornado alley exposure brings severe storm and hail damage. Although uninsured motorist coverage is not required, it is strongly recommended.

With a median household income of $52,528, most Arkansas families should consider 10-12x their annual income in life insurance coverage. Arkansas has below-average life expectancy, making adequate coverage especially important. Currently, 44% of Arkansas households have life insurance.