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If you are from a military family, you may want to consider USAA. Based on MoneyGeek’s analysis, USAA is the best home insurance company in Arkansas for veterans, active-duty military members or their families. Buying the extended reimbursement coverage will extend your policy coverage and include damages to certain service lines.
While it does not have the most affordable price, it offers quality service. Generally, USAA is the highest-ranking company for affordability. However, it was excluded in the rankings because it only offers policies to military families. Nationwide ranked high in claims, meaning it is regarded as providing customers with a good service experience when making a claim in a time of need. You can also get additional coverage like extended reimbursement. All rates based on the above coverage limits except where otherwise noted.
Allstate: Best for Homes in Flood Areas
Loss of use coverage—This pays for any additional living expenses that may arise after a covered peril. For example, if you’re forced to relocate after a fire destroys your house, your provider will pay for you to stay at a hotel while your home is being rebuilt. The limit for this type of coverage is usually between $1,000 and $5,000, but State Farm offers a higher coverage limit option of $10,000. The average cost of flood insurance is about $771 a year, or $64 a month through the National Flood Insurance Program . However, they are in the process of updating how they calculate risk and monthly premiums. In Arkansas, homeowners insurance covers your physical home, such as your roof or structural damage.
Insurance companies had to demonstrate a commitment to customer service with high customer service ratings and solid reviews to earn a place on our list. We prioritized companies that offer support online, by phone, and through mobile apps. For many Arkansans, the cost of homeowners insurance is the most important criterion when choosing a new homeowners insurance company.
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Dwelling coverage—This type of coverage pays to rebuild, repair, or replace your home’s structure after it’s damaged or destroyed. Your coverage limit for this category is typically 100% or more of your home’s total estimated value. Take advantage of Liberty Mutual’s 10% discount for all online purchases bygetting a quoteon the company’s website. Please consult your policy for the specifics of your selected coverages. Owning a swimming pool may increase your liability coverage to cover possible injuries.
All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we’re putting accuracy first. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy.
What Factors Help Determine Your Arkansas Home Insurance Rates?
It also usually ranks above other insurance providers in Arkansas. Additionally, its services are tailored to fit the needs of military families. Aside from offering affordable rates and quality customer service, USAA also tailors its services to military families.
Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies. We are an independent, advertising-supported comparison service. National General Insurance is headquartered in New York City and was founded in 1939. Since then, the company has grown to become one of the largest insurance providers in the...
The Best Overall Homeowners Insurance Companies in Arkansas
So, if the insurance amount of your house is $200,000, you can get a coverage amount of up to $140,000 for all your lost or damaged possessions. Personal liability coverage—This coverage usually pays up to $100,000–$300,000 for medical bills or legal fees related to an accident on your property that you’re liable for. You may want to increase the limit for personal liability coverage if you have visitors over often to ensure you’re fully protected when an accident occurs.
The average cost of homeowners insurance in Arkansas is $2,142 per year for $250,000 in dwelling coverage, 63% higher than the national average of $1,312. Arkansas’ higher average premium may be partly due to the frequency of natural disasters that lead to insurance claims. Compared to states like Delaware and New Hampshire which typically have fewer national disasters, Arkansas’ average rates are more expensive. The average annual rate for $250,000 of dwelling coverage in Delaware is $680, and is $724 in New Hampshire.
But there are other factors you should consider when choosing an insurer. Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Arkansas. When it comes to severe weather and natural disasters, Arkansas isn’t the most dangerous state in the country.
MoneyGeek collected quotes from various providers across the country to determine the best home insurance on a national level and in Arkansas. These rates were balanced against property claims ratings and customer satisfaction scores from J.D. When it comes to customer and claims satisfaction, State Farm takes the cake thanks to its score of 835 out of 1,000 with J.D. The best home insurance companies balance great coverage, exceptional customer service, and affordable rates. Since it was founded specifically to meet the needs of members of the armed forces, USAA has some coverage benefits that may make it especially appealing to servicemembers.
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