Auto cheap insurance. Arkansas (AR).

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  • Auto insurance. Arkansas.

    Uninsured motorist

       Uninsured motorist bodily injury pays certain expenses for you and members of your household who are injured due to the negligence of an uninsured motorist.
       These expenses include medical bills, disability and death benefi ts resulting from that accident up to the limits of coverage purchased. Ark. Code. Ann. 23-89- 403(3)(A) mandates the insurer offer uninsured motorist bodily injury limits up to the liability limits the applicant has elected.
       This coverage is available in two parts -- uninsured motorist bodily injury (UMBI) and uninsured motorist property damage (UMPD). You may purchase the bodily injury without purchasing the property damage coverage; however, in order to purchase the property damage coverage, you must fi rst purchase the bodily injury coverage.
       Uninsured motorist property damage pays for damages to your automobile subject to a $200.00 deductible if your auto is damaged by an uninsured motorist. The $200.00 deductible does not apply if your auto is insured by the same company for collision and UMPD coverage, the uninsured motorist is positively identifi ed, and solely at fault.
       Any person who purchases liability coverage will be offered Uninsured Motorist Coverage. This coverage will be included in the policy unless you sign a statement rejecting the coverage.

    Purchasing Automobile Insurance

       You should be aware that in a competitive insurance market insurance companies charge different amounts for essentially the same coverage. Shopping around may result in savings to you on your automobile insurance. Be sure to take into consideration the services provided by the company.
       Here are a few ideas that may help you save money when purchasing your automobile insurance:

    • Consider increasing the amount of your deductible. Decide how much of the initial loss to your automobile you can afford to pay and see what deductibles various companies offer.
    • Consider having a deductible on your comprehensive coverage rather than no deductible at all. You may even want the same deductible on both Comprehensive and Collision.
    • Submit proof that any young drivers have completed a driver education course which meets the standards set by the National Conference of Driver Education. You may be entitled to a discount.
    • If you have a driver over the age of 16 and under the age of 25 who is either a full time student or a graduate of a college or university with a "B" or better grade average or a 3 point average on a 4 point scale, this driver may qualify for a good student discount.
    • High performance cars, sports cars and exotic cars are usually rated higher by insurance companies. In fact, it may be diffi cult to fi nd a company that would be willing to insure the automobile.
    • Inquire about any discounts the company may offer. If you insure more than one automobile, you may qualify for a multi-car discount. Discounts to nondrinkers, nonsmokers, and accident-free drivers may be offered.
    • Arkansas law requires insurance companies to give a discount on auto premiums to insureds over 55 years of age who have completed a motor vehicle accident prevention course approved by the Offi ce of Motor Vehicles.

    Ask Your Agent About Discounts

       Discounts are awarded because the insurance company sees you as a "better risk." Here are some discounts you should look for: multiple vehicles, driver education courses, good student, safety devices, anti-theft devices, low mileage, good driver/renewal, auto/home package and dividends. Not all states offer all discounts, so check with your agent to see if you qualify.

    Tort System vs. No-Fault System

       Each state must implement either a tort system or a no-fault system. The system your state has implemented will determine what kind of insurance is available to you. The three basic coverages sold under the tort system are bodily injury liability insurance, property damage liability insurance and uninsured motorists coverage. In a no-fault state, coverages will vary, but under a no-fault system your insurance company pays you directly for your losses as a result of injuries sustained in an accident, regardless of who is at fault. Check with your state insurance department for questions concerning tort or no-fault state systems.

    Shop Around Before You Buy

       When shopping for auto insurance, premium quotations are a useful tool for comparison of different companies' products. When asking for price quotations, it is crucial that you provide the same information to each agent or company. The agent will usually request the following information: description of your vehicle, its use, your driver's license number, the number of drivers in your household, the coverages and limits you want.

    Arkansas Automobile Assigned Risk Plan

       If you cannot obtain auto liability insurance through the voluntary market, you may have your agent apply for coverage for you through the Assigned Risk Plan.

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