A Free and Easy Way to Find Cheap Car Insurance in Arkansas
Don’t let finding cheap auto insurance in the state of Arkansas intimidate you. There are many car insurance companies available that will be more than willing to offer you assistance in finding what you need. This list includes such well-known names as Geico, Allstate and Progressive. But the list doesn’t stop here; there are many others. If you want to find cheap auto insurance, let’s see exactly what is required of you as a resident of Arkansas.
Learn the Financial Responsibility Law in Arkansas
All states require some form of financial responsibility from their motorists. When getting a title for your vehicle or registering your vehicle in Arkansas, you must show proof of insurance. You must also show a law enforcement officer proof of insurance if you’re pulled over or involved in an accident. Your registration will be suspended if you fail to maintain your car insurance.
Arkansas state law requires a basic coverage often referred to as 25/50/25 coverage. This means that the liability insurance policy must include a minimum of $25,000 per person for bodily injury, $50,000 per accident and $25,000 to cover property damage. The state of Arkansas also follows the Tort system, which means that the person who is at fault in a two-vehicle accident is required to cover the medical and auto damage costs of the person who’s not at fault. The person who is not at fault can pursue the case through court. Car insurance companies in the states that follow the Tort system suggest that you purchase more insurance than is required.
As a motorist in Arkansas, you are not required to carry underinsured/uninsured motorist insurance, but with it being of such a great value, you might want to take it into consideration. You will be protected under this coverage from drivers who carry just enough liability insurance to meet the state’s legal requirements but not enough to compensate for your damages. You’ll also be protected from damages sustained by a driver who doesn’t have liability coverage.
Statistics on Arkansas Auto Insurance Premiums
In 2000 and 2007, 32 states had higher auto insurance rates than the state of Arkansas. Arkansas’ average premium in 2000 was $606.05 and in 2005 was $620.90. In 2008, 31 states had higher average premiums and 18 states had lower premiums, with Arkansas’ average being $707.74 for this year. This represented a change of 1.30 percent from 2007 when rates averaged $698.48. The figures of 2008 indicated that liability coverage averaged $389.86, collision auto insurance averaged $309.10 and comprehensive coverage averaged $175.93.
Finding Cheap Car Insurance Quotes in Arkansas
If you want to save time and money looking for car insurance for your automobile in Arkansas, now you can do an online search for multiple quotes from several reputable companies such as Progressive, Geico, Farmer’s Insurance, Country Financial and Unitrin. But before you start this procedure, read over your current car insurance policy to see what coverage you now have and the amount of your premiums. This will enable you to compare pricing and coverage offered through various companies.
You can begin by going to online insurance quote sites and filling out all the information required. This will take a few minutes, but the savings may be well worth your time. Keep notes in a separate file on your computer about each insurer such as the rates for different types of coverage, the company’s 800 number, payment policy, discounts offered and consumer complaint ratio.
Once you have searched for five or more quotes and compiled all the information you need, now you are ready to find the right company with the cheap car insurance coverage necessary for your family.
Source : http://ezinearticles.com/?A-Free-and-Easy-Way-to-Find-Cheap-Car-Insurance-in-Arkansas&id=4004273