25 Arkansas Homeowners Insurance Statistics for 2026: Cost, Market Share and Storm Losses
Arkansas homeowners insurance in 25 cited statistics: NAIC average premiums by form and coverage amount, 2025 group market share and loss ratios, premium growth since 2016, disaster declarations and dwelling fire benchmarks.
Arkansas homeowners pay more than the national average for a standard HO-3 policy on the NAIC series, and the state’s homeowners premium has nearly doubled since 2016 while loss ratios run well above the countrywide figure. This report gathers 25 cited statistics on what homeowners insurance costs in Arkansas, how large the market is, which insurer groups write it, how storm activity shows up in the data, and what the dwelling fire form costs. Every figure comes from the National Association of Insurance Commissioners (NAIC), with Arkansas Insurance Department complaint counts as reported to the NAIC.
Key Takeaways
- Arkansas HO-3 averaged $1,870 - the NAIC’s 2023 exposure-weighted HO-3 average in Arkansas was $1,870, 7.7% above the $1,737 countrywide average.
- Insurers wrote about $1.82 billion of homeowners premium in 2025 - the NAIC 2025 group report puts Arkansas homeowners multiple-peril written premium at $1.820 billion, up from $1.658 billion in 2024.
- Premium grew about 89% from 2016 to 2024 - NAIC’s Arkansas key facts report shows homeowners premium rising from $879 million to $1,658 million.
- State Farm writes more than a quarter of the market - State Farm Group held 27.43% of 2025 Arkansas homeowners premium.
- The 2025 loss ratio was 63.77% - against 55.14% countrywide for the same line.
- The dwelling fire form averaged just $571 - that NAIC owner-occupied series is not a landlord average; see our Arkansas landlord insurance cost guide for rental context.
What homeowners insurance costs in Arkansas
1. Arkansas’ average HO-3 premium was $1,870 in 2023
The HO-3 is the standard owner-occupied homeowners form. The NAIC’s Dwelling Fire and Homeowners report for 2023 data puts Arkansas’ exposure-weighted HO-3 average at $1,870, based on 459,589.0 house-years of coverage and about $859.5 million of premium. That figure divides total premium by house-years across every coverage amount and insurer. It is not a quote.
2. That was 7.7% above the $1,737 countrywide HO-3 average
The countrywide HO-3 average in the same NAIC table was $1,737, so Arkansas homeowners paid about $133 more per year on average for the same form. Statewide averages hide large differences between storm-exposed and lower-risk ZIP codes, so treat the gap as context rather than a forecast for any one address.
3. All owner-occupied forms averaged $1,868
When the NAIC combines dwelling fire with every owner-occupied homeowners form in Arkansas, the average premium was $1,868 in 2023 across 572,056.4 house-years and about $1.068 billion of premium. The countrywide figure for the same combined group was $1,731.
4. HO-5 policies averaged $2,623
Arkansas’ open-peril HO-5 form averaged $2,623 across 34,821.0 house-years in 2023, about $753 above the state’s HO-3 average. Broader coverage and higher limits on the homes that buy HO-5 explain much of the gap.
5. $1 million homes averaged $6,560 on an HO-3
Coverage amount moves premium more than anything else in the NAIC tables. Arkansas HO-3 policies with $1 million or more of coverage averaged $6,560 in 2023, against $1,896 at $300,000 to $324,999 and $2,662 at $500,000 to $599,999. Under $150,000 of coverage the average was $1,116. Rebuild cost, not market value, should set the dwelling limit, because land is not insured.
6. Mid-range homes averaged about $1,700 to $2,100
Arkansas HO-3 policies in the $250,000 to $274,999 coverage band averaged $1,741 in 2023, and the $350,000 to $399,999 band averaged $2,099. Those bands are a more useful yardstick for a typical family home than the statewide mean, which blends small rural policies with high-value homes.
7. Condo owners paid $697 and renters $208
Arkansas HO-6 condo policies averaged $697 in 2023, 5.9% above the $658 countrywide average, and HO-4 renters policies averaged $208, 20.2% above the $173 countrywide figure. Renters policies are paid by tenants, not landlords.
8. HO-8 policies averaged $1,197
Arkansas had 13,987.0 HO-8 house-years in 2023, 2.0% of all insured house-years, at an average of $1,197. The HO-8 is a modified-coverage form often used for older homes where replacement cost is far above market value. The narrower HO-2 averaged $1,874 across 49,492.8 house-years.
9. The dwelling fire form averaged $571
The NAIC’s dwelling fire series, which it collects for one-family, owner-occupied, non-seasonal buildings, averaged $571 in Arkansas in 2023, 44.0% below the $1,019 countrywide figure. This is not a landlord average. For rental-owner cost context, see our Arkansas landlord insurance cost guide.
10. About 74% of Arkansas dwelling fire coverage was under $150,000
Of Arkansas’ 13,628.5 dwelling fire house-years in 2023, 10,078.3 (about 74.0%) carried less than $150,000 of coverage, at an average premium of $408. That low-limit mix is the main reason the statewide dwelling fire average is so far below the HO-3 average.
How big the Arkansas market is
11. Insurers wrote $1.820 billion of homeowners premium in 2025
The NAIC’s 2025 Market Share Reports for Property/Casualty Groups put Arkansas homeowners multiple-peril direct premiums written at $1,819,937,000, with direct premiums earned of $1.743 billion. That was about 0.96% of the $188.96 billion written countrywide.
12. 2024 homeowners premium was $1.658 billion, 30th among states
NAIC’s Arkansas key facts report lists 2024 homeowners multiple-peril premium of $1,658,477,255, ranking Arkansas 30th among states and 0.96% of the U.S. total. On that basis, 2025 premium was about 9.7% higher than 2024 (our calculation across the two NAIC publications).
13. Homeowners premium rose about 89% from 2016 to 2024
The same NAIC report charts Arkansas homeowners premium at $879 million in 2016, $1,022 million in 2020, $1,395 million in 2023 and $1,658 million in 2024. The 2023 to 2024 step alone was about 18.9%. Premium growth can reflect rate changes, more insured homes and higher insured values together, so it is not a pure rate index.
Data
| 2016 | $879 |
|---|---|
| 2017 | $907 |
| 2018 | $942 |
| 2019 | $977 |
| 2020 | $1,022 |
| 2021 | $1,104 |
| 2022 | $1,227 |
| 2023 | $1,395 |
| 2024 | $1,658 |
14. The 2025 statewide homeowners loss ratio was 63.77%
In the NAIC 2025 group report, Arkansas homeowners posted a 63.77% loss ratio and a 64.54% loss-and-cost-containment ratio, against 55.14% for the industry countrywide. A higher loss ratio means insurers paid out more of each premium dollar in claims, which tends to keep rate filings and underwriting tight.
15. Fire and allied lines add another $573 million
Separate from homeowners policies, Arkansas insurers wrote $316.4 million of fire premium (28th among states) and $257.1 million of allied lines premium in 2024. The NAIC reports those lines separately from homeowners multiple peril, so they are not included in the $1.658 billion figure above.
Who writes Arkansas homeowners insurance
16. State Farm holds 27.43% of the market
State Farm Group wrote $499.3 million of 2025 Arkansas homeowners premium, a 27.43% share, with a 62.78% loss ratio. That is more than twice the share of the next-largest group.
17. Farm Bureau is second at 13.04%
Southern Farm Bureau Casualty Group, which includes Arkansas Farm Bureau Insurance Company, held 13.04% of 2025 Arkansas homeowners premium ($237.4 million) with a 74.50% loss ratio. AM Best upgraded Arkansas Farm Bureau Insurance Company to A (Excellent) from B (Fair) in August 2025 after it joined Southern Farm Bureau Casualty.
18. The top three groups hold just over half the market
State Farm, Southern Farm Bureau and Allstate (9.96%) together held 50.44% of 2025 Arkansas homeowners premium. Farmers (8.50%) and Shelter (8.46%) were close behind in fourth and fifth.
19. The top ten groups hold 87.30% of premium
Cumulative share through the tenth group in the NAIC 2025 Arkansas table reaches 87.30%. The tenth-largest group, Progressive, held 2.40%. Arkansas’ homeowners market is concentrated among national writers plus regional names such as Farm Bureau and Shelter.
20. Loss ratios ranged from 32% to 81% among the top ten
Among Arkansas’ ten largest homeowners groups in 2025, Liberty Mutual reported the lowest loss ratio at 32.21% and Shelter the highest at 81.17%. Southern Farm Bureau (74.50%) and USAA (73.73%) were also above 70%. A book-level loss ratio is not a claims-satisfaction score; for that, see the J.D. Power study cited in our best landlord insurance companies in Arkansas ranking.
Storms, earthquakes and complaints
21. Arkansas had seven federal disaster declarations from 2021 through 2025
The NAIC disaster-declarations table in the Homeowners Report counts Arkansas declarations as 1 in 2021, 0 in 2022, 3 in 2023, 1 in 2024 and 2 in 2025, or seven across those five years. Declaration counts are not the same as insured loss dollars, but they line up with the elevated loss ratios above.
22. Arkansas ranks 17th in earthquake premium
Arkansas insurers wrote $58.2 million of earthquake premium in 2024, 17th among states and 1.09% of the U.S. total, a larger share than Arkansas’ 0.96% share of homeowners premium. Earthquake is excluded from standard homeowners forms and is bought as an endorsement or separate policy; the Arkansas Insurance Department points consumers to the NAIC’s earthquake guide on its brochures page.
23. The Arkansas Insurance Department logged 2,240 complaints
NAIC’s Arkansas key facts report lists 2,240 total consumer complaints across all lines in 2024, 32nd among states, plus 159 inquiries. These counts cover every line of insurance, not homeowners alone.
24. Renters and condo policies were 17.7% of insured house-years
NAIC Table 1 shows Arkansas with 558,427.9 owner-occupied homeowners house-years (80.3%), 123,240.0 renters and condo house-years (17.7%) and 13,628.5 dwelling fire house-years (2.0%), for 695,296.4 insured house-years in 2023. Renters (HO-4) alone accounted for 115,933.3 house-years, or 16.7%.
- Owner-occupied homeowners 80%
- Renters and condo 18%
- Dwelling fire 2%
25. Landlord cost still has no official statewide average
Neither the Arkansas Insurance Department nor the NAIC publishes an Arkansas landlord premium average. The NAIC dwelling fire average of $571 is an owner-occupied series. For rental-owner benchmarks, storm questions and quote links, see Arkansas landlord insurance cost and best landlord insurance companies in Arkansas. City pages for Little Rock homeowners and Little Rock landlord insurance connect this report to local coverage pages; Little Rock previously converted a landlord lead on this site. Sibling state reports include Washington, Colorado, South Carolina, Texas and California homeowners insurance statistics. For Canadian readers, our Northwest Territories Hay River and Newfoundland and Labrador homeowners pages cover provincial context, with new depth in NL homeowners statistics, NL homeowners cost and best NL homeowners companies.
Frequently Asked Questions
How much is homeowners insurance in Arkansas?
The NAIC’s 2023 Arkansas HO-3 average was $1,870, 7.7% above the countrywide $1,737 average. Your quote depends on rebuild cost, roof age and type, ZIP code, wind and hail deductible and claims history.
Why is Arkansas homeowners insurance above the national average?
The NAIC data show Arkansas homeowners losses running hot: a 63.77% statewide loss ratio in 2025 against 55.14% countrywide, and seven federal disaster declarations from 2021 through 2025. Higher expected losses feed into rates.
Who are the largest homeowners insurers in Arkansas?
State Farm leads with 27.43% of 2025 group premium, followed by Southern Farm Bureau, Allstate, Farmers and Shelter.
Does Arkansas homeowners insurance cover earthquakes?
Not under a standard homeowners form. Earthquake is bought as an endorsement or separate policy. Arkansas insurers wrote $58.2 million of earthquake premium in 2024, 17th among states.
Where can landlords find cost and carrier guidance?
Start with Arkansas landlord insurance cost and best landlord insurance companies in Arkansas, then request a landlord quote.
How we verified this page
NAIC averages and house-years come from the NAIC Homeowners Report (2023 data). Group shares and loss ratios come from the NAIC 2025 P&C market share report. Premium history, earthquake premium and complaint counts come from the NAIC’s 2025 State Insurance Regulation: Key Facts and Market Trends report for Arkansas (2024 data). AM Best rating history comes from AM Best’s August 2025 release. All primary sources were fetched or re-read October 15, 2026. Percent changes are our calculations on the published figures. We did not invent premium averages or cite competitor comparison sites. See our methodology.
Important disclosures
Averages are not quotes. Official averages blend many policies, coverage amounts and locations. Your premium depends on your property and the insurer’s underwriting.
About Insurance 8020. Insurance 8020 is an independent insurance comparison and education resource. We are not a licensed insurance producer, broker or agent, and nothing on this page is a recommendation to buy any specific policy. We may earn a referral fee when you request a quote through our partners, at no cost to you.