HomeInsuranceQts

Home Insurance in Arkansas

The median home value in Arkansas is $188,000.

Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Arkansas was built around 1987. About 13% of homes were built before 1960.

In Arkansas, the housing stock is 72% single-family homes, 10% apartments in buildings with 5+ units and 11% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

About 53% of owner-occupied homes in Arkansas have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.

Arkansas has an owner-occupancy rate of 66% and a vacancy rate of 14%; unoccupied homes typically need a different coverage form.

Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Arkansas - 54% - are primarily heated with electricity.

In Arkansas, the statewide average premium for a standard HO-3 homeowners policy is $1,870 per year (NAIC, 2023 data).

Key figures

Median home value$188,000
Median year built1987
Owner-occupied share66%
Share of owner-occupied homes with a mortgage53%
Home insurance premium$1,870 - statewide average (NAIC, 2023 data)

Counties

Sources