10 Best Renters Insurance Companies in Arkansas of 2025

Arkansas is a beautiful state with lakes, rivers, and streams that attract visitors and others who decide to stay and reside in places like Batesville or Lake Dardanelle. The downside may be the weather patterns, storms, or flooding that can also impact Arkansas residents.

Renters insurance shoppers in Warren or Humphrey understand how damage to personal property can be devastating if you don’t have a way to recover the loss of items like your clothing, furniture, and even your electronics after a storm or fire. Arkansas is one of the top ten states in the country for weather-related storm or flood damage, so protecting your property is a solid plan. Renters insurance is not required by law in Arkansas, but that doesn’t mean you should go without a renters policy.

It doesn’t matter if you live in a Northern Arkansas town like Bentonville or a city like Jonesboro. A renters insurance policy is a benefit in a catastrophic event.

For many, a loss of personal property in a fire, for example, is more than just a physical loss of property but an emotional event. So, even tenants living in the largest city of Little Rock purchase renters insurance to have peace of mind if a loss occurs, they have a way to recover from the loss.

According to PropertyNest research, the average basic renters insurance cost in Arkansas is $27.99 a month or $335.88 a year.

The Best Renters Insurance Companies in Arkansas

• Allstate: Best for Mobile App Customer Service
• Liberty Mutual: Best for Coverage Options
• State Farm: Best for Overall Competitive Pricing
• Progressive: Best Discounts for Organized Shoppers
• Lemonade: Best Overall Digital Option
• Toggle: Best Digital for Coverage Customization
• Travelers: Best for Multiple Sales and Service Channels
• USAA: Best for Military Families looking to include Flood Insurance
• Farmers: Best for Non-Smokers
• Nationwide: Cheapest for Basic Coverage

Our Top Choice

Allstate: Best for Mobile App Customer Service

Coverages, discounts, claims service, and an agent that can help when the customer needs it most. That is what Allstate offers with both state-of-the-art technology and a local agent for tenants who buy renters insurance in Arkansas. Technology tools provide easy access to policy information on the mobile app and make customer service functions for consumers on the go easy and user-friendly. Customers in any part of Arkansas can access policy information, pay a bill, or report a claim on the Allstate app. If a tenant wants a local agent instead, they can have it.

A unique feature of the Allstate Digital Footprint section of the mobile app lets clients see the type of information companies may collect about them and how it is used. The website is loaded with educational tools, both written and video formats. These customer service options put Allstate at the top of our list for Best Overall Digital Customer Service.

Read a full Allstate renters insurance review.

Allstate Renters Insurance Discounts

• Multi-Policy Discount: If you are open to buying your renters and car insurance from Allstate, you could pay as little as $4 per month on renters minimal coverage with the savings.
• Easy Pay Plan: A discount for paying your monthly renters' insurance electronically from your bank or a credit card. Discounts may vary depending on whether you use a bank or credit card.
• 55 & Retired Discount: Retired consumers who are indeed retired and not seeking employment are eligible for up to 25% discount off their renters' premiums.

Liberty Mutual: Best for Coverage Options

Coverage options allow tenants to build the protection they need and only pay for the coverage they choose. Liberty Mutual renters’ shoppers in cities like Texarkana may seek out Liberty Mutual due to the coverage options available. For example, jewelry coverage can be purchased as a blanket coverage with a no deductible option or up-front appraisal, or you can choose insurance per piece of jewelry depending on the need.

The Liberty Mutual online platform makes it easy for customers to review coverages and make changes independently when necessary. We choose Liberty Mutual for the best coverage options, even for small towns like Jasper, since you can add or remove coverage options on your own or contact the company directly for help.

Read a full Liberty Mutual renters insurance review.

Liberty Mutual Renters Insurance Discounts

• Early Shopper: The farther out you get a quote before you need coverage, the better the discount will be up to approximately 30 days before purchase.
• Preferred Payment: This discount rewards the renter with an automatic monthly bank draft.
• Online purchase: Customers who complete the purchase of renters insurance online receive an additional discount.
• Claims-free: A discount for renters who have not filed a claim in the recent past.
• Multi-Policy: Liberty Mutual offers a discount if you insure your car or other policies with their company.

Progressive: Best Discounts for Organized Shoppers

Choosing to quote renters insurance in advance or get a quote before moving into a new rental residence may give Arkansas residents in both Clinton and Batesville a substantial discount. Progressive discounts reward customers for being organized about their insurance portfolio in general.

Progressive looks to provide customer convenience options and offer discounts for online receipt of your policy information including your ID card via email. Most companies offer a discount for a monthly bank draft, but Progressive also offers a pay-in-full discount for those organized customers.

Read a full Progressive renters insurance.

Progressive Renters Insurance Discounts

• Quote in Advance: Smart shoppers who quote their insurance at least 30 days before expiration or change date get the best rate with Progressive.
• Pay in Full: You'll receive a discount if you can budget annually for renters insurance.
• Policy documents sent by email: Choose to have all your documents delivered by email for a discount.
• Multi-Policy: Buy car insurance with Progressive, and you’ll receive a substantial discount on renters insurance.
• Secured or Gated Community: A security discount that reduces premiums as theft is less likely to occur in a gated community.
• Single Deductible Benefit: If you have both your car and renters insurance with Progressive and have a claim, you will only pay one deductible for both policy claims.

State Farm: Best for Overall Competitive Pricing

A company must do something right if it does a lot of business. At PropertyNest, we find State Farm is a top insurance company with a firm market share in Arkansas, which all Arkansas residents can verify through the insurance department. Shoppers in smaller rural communities like Eureka Springs find State Farm, a competitive insurance company for renters' policies with affordable coverage choices, limit options, and flexible endorsements to increase or restrict coverage for budget-conscious consumers.

Prospective renters with a rare collection of items or unique personal property like vintage sneakers still find State Farm affordable and competitive.

The competitive pricing edge is given to State Farm due to the flexible overall pricing. Their renters policy offers up to 17% savings on a renters and car insurance bundle.

Read a full State Farm renters insurance review.

State Farm Renters Insurance Discounts

• Renters & Car Insurance Bundling: Combining car and renters insurance is common with most carriers, but the discounts can vary widely.
• Home Alert Protection Discount: If you have a smoke detector for fire or burglar alarm that alerts you someone may be breaking into your residence, there is a premium discount for renters.
• Deductible Choices: Deductibles may not be a true discount. However, with State Farm, they can positively impact the premium by choosing a higher deductible.

Lemonade: Best Overall Digital Option

Most companies today are still website, agent, and call center-driven for quoting and purchasing renters insurance. Lemonade, an insurtech insurance company, is a direct online option for quoting, buying, and servicing a renters policy. Consumers give up agent and call center support for cheaper pricing and self-service policy maintenance.

Download the app to a mobile device or go online for a quote, and pricing starts at $5 per month in cities like Van Buren or Mountain Home.

Personal property coverage is essential no matter where that property is at the time of a loss.

If you are traveling across England and your bike, backpack, and mobile device are stolen, Lemonade is an insurtech partner with worldwide coverage for personal property.

Don’t worry, though; your laptop, TV, and other important personal property are covered at your residence, too.

Our experts recommend Lemonade for tech-savvy consumers who aren’t looking for local support and want control in managing their renters insurance policy.

Read a full Lemonade renters insurance review.

Toggle: Best Digital for Coverage Customization

Toggle opened its doors in 2018 as a fully digital insurance company backed by the financial strength of its parent company, Farmers Insurance Group, which has 90 years of experience writing insurance.

The brand offers a basic, standard, and premium level coverage package that shoppers in Hot Springs or Conway can customize to fit a tenant’s lifestyle.

However, consumers will likely find the basic policy isn’t enough coverage, and the next level of add-ons can quickly inflate the premium.

This renters policy has low maximum coverage limits in each add-on, so shoppers with a large amount of personal property may not find this policy a fit. Several add-on endorsements are unique to Toggle, like the side hustle endorsement, which offers additional property coverage for some business-related uses. We choose Toggle for customers with very little unique or personal property in general, do not own pets, and live a simple lifestyle.

Toggle Renters Insurance Discounts

• Disappearing Deductible: Toggle isn’t known for discounts, but does automatically include a declining deductible for each year claim free as a customer up to a $50 cap.
• Credit Lift: Toggle has a partnership with Credit Lift, which gives customer a discounted option to have their rental payments recorded by the credit bureaus to improve credit scores. Ultimately this could lower the renters premium as your credit is an underwriting factor.

Travelers: Best for Multiple Sales and Service Channels

Travelers have been a staple in the insurance industry since 1853. They are a financially stable company that offers a renters policy. Travelers boast ease of access to file a claim online or with an agent and have the excellence in technology tools consumers expect. Travelers has over 300 agency locations across Arkansas, making it easy to find a local agent.

The website offers an online quote process so you can see your premium ahead of time, review coverage videos on YouTube, and secure coverage right away or save your quote for later.

After buying a renters insurance policy, you can request a local agent if you have a future claim and want someone local for support. Many companies offer mobile apps and online services, but Travelers leads our list for their ease of access and options for communication channels.

Read a full Travelers renters insurance review.

Travelers Renters Insurance Discounts

• Multi-policy: Purchase a second policy like auto insurance, and the renters premium can be reduced.
• Protective Devices: Smoke detectors and other theft-related security devices might land you an additional discount.
• Loss-Free: If you have not submitted any past claims for a specified time, you can receive a discount for being claims-free.
• Deductible Choice: Choosing a higher deductible isn’t a discount. However, with Travelers, it can positively impact your premium.

USAA: Best for Military Families looking to include Flood Insurance

Flood insurance is an optional coverage for most insurance companies. However, USAA does provide some flood coverage in a renters policy automatically. That’s because Arkansas is one of the top 10 states for flooding events on average. They also have three active military bases. Active duty, retired military, and their families spread out across the state gain an additional coverage benefit with USAA. The insurer honors and supports Arkansas’s military presence by offering specific coverages to military families not highlighted or offered by other insurance companies.

Renters insurance is available to tenants across Arkansas who are related to any branch of the military. USAA has affordable renters insurance. We choose USAA as the standard coverages for water damage like flood are included along with several optional coverages, including one for electronics that has its deductible.

Read a full USAA renters insurance review.

USAA Renters Insurance Discounts

• Bundle Savings: Combine auto and home insurance for up to 10% savings.
• Protective Device: Monitored home security systems can reduce premium up to 5%.
• Claim-Free: Up to 20% savings with a 3 years with claim-free history.
• Living on Base: Tenants who live in the barracks or base housing save up to 28%.
• Service Academy: Cadets, midshipmen, and candidates save up to 45% residing at one of the US Military Service Academies.

Farmers: Best for Non-Smokers

Every insurance company has discounts and unique features that draw consumers to their product. Farmers Insurance offers a non-smoking discount for renters who purchase a renters insurance policy. But, service and affordability are not far behind the discounts so tenants in Siloam Springs or Rogers benefit, even if they are a smoker. In addition to the discount, there are plenty of coverage options to choose from in the Farmers Insurance renters policy.

Consumers can purchase a policy online, receive their documents via email, and request a local agent for ongoing service and claims support.

Read a full Farmers renters insurance review.

Farmers Insurance Renters Discounts

• Non-Smoker: Consumers who have not smoked for two consecutive years receive a special discount for a smoke-free home.
• Security System or Fire Alarm: An approved electronic or fire alarm offers additional discounts.
• Multiple policies: Discounts for adding your car or any other Farmers' insurance policy.

Nationwide: Cheapest for Basic Coverage

Tenants who are first-time purchasers of renters insurance, own limited personal property, or have a small risk for liability should consider Nationwide.

Target markets for Nationwide are consumers with minimal coverage needs and the growing senior market who are moving to retirement and downsizing personal property.

Multi-policy discounts at Nationwide can make the cost of renters insurance as low as $20 per month if you bundle the auto. Multi-policy discounts can play a factor as one of the top-priced discounts for Nationwide. We choose Nationwide for tenants who may lead a simple life and are looking for just the basics.

Read a Nationwide renters insurance review.

Nationwide Renters Insurance Discounts

• Multi-policy: Choose to buy your car or umbrella insurance or any other second line of insurance with Nationwide and likely secure a discount on renters.
• Protective Devices: Most commonly offered are discounts for a smoke detector and fire or burglar alarms.
• Claims-Free: Each year you have not submitted any claims helps to reduce your annual renters premium.
• Online automatic payment and paperless documents: Discounts that add up.

What are the Key Coverages for Renters Insurance?

Actual Cash Value (ACV) or Replacement Cost (RC)

Most basic policies include actual cash value as the determination for payment of damaged personal belongings in a loss. Always make sure you request the replacement cost option for your personal property. Replacement cost means that if your 10-year-old couch is damaged in a fire, the insurance company will pay the cost to replace it with a new one, not a comparable 10-year-old one. You may pay a few dollars more over the year for this coverage, but it is well worth the extra premium.

Personal Property

Personal property is defined by insurance as clothing, furniture, kitchen items, and other personal belongings, like a bike, laptop, and jewelry. Be diligent in asking questions if you have high-end valuables or unique items, as renters insurance may not provide adequate coverage in a basic insurance policy. Check to be sure you are getting replacement costs for these items.

Liability Coverage

Liability coverage protects you against another person who sues you for bodily injury or property damage they believe you or your family caused. There are a variety of limits available, and we recommend choosing a high limit as the cost is relatively inexpensive to purchase, more than the minimum of $100,000 usually offered.

Medical Expenses

This expense category is meant to help if someone has an accident on your property and wants you to pay the hospital or bodily injury damages. You don’t have to be found at fault in court to have this coverage paid to someone else for the accident.

Additional Living Expenses (Loss of Use)

This coverage is certainly beneficial as it provides additional expenses you incur when your home is uninhabitable for some time due to a covered loss, and you and your family must live somewhere else while the repairs are made.

Conclusion

The PropertyNest team encourages all tenants to purchase renters insurance and protect their personal property belongings. It doesn’t matter if it’s a catastrophic or accidental event. Policyholders can have peace of mind there is an insurance company with integrity to navigate the loss and help you recover.

Consider getting several renters insurance quotes to compare pricing and coverage options. If you live in an area prone to flood, consider asking your insurance professional about flood insurance, too.