Arkansas car insurance requirements are right in line with many other states: $25,000 per person, $50,000 per accident for bodily injury and $25,000 for property damage. A family with a home or substantial savings might want to buy more coverage.
While this is not a no-fault state, Arkansas auto insurance companies do offer personal injury protection (PIP). PIP here comes in three parts, which are:
- Medical payments
- Lost wages
- Death benefits
You can decide to purchase any one part or all three together; however, if you determine that you don’t want any PIP coverage you must reject it in writing. If you don’t have health insurance, you might want to consider this option.
Discounts: Arkansas law helps senior drivers save by requiring car insurance companies to give a discount to drivers over 55 who have completed an accident prevention course approved by the state’s Office of Motor Vehicles.
Reasons for cancellation: After a policy has been in effect for over 60 days in Arkansas, an insurer can cancel only due to:
- Nonpayment of premium
- Fraud/misrepresentation in applying for the policy
- Homicide arising out of the use of a motor vehicle
- Three separate convictions of speeding and/or reckless driving within the policy period or three months prior to the beginning of the policy period
- Conviction of driving while intoxicated
Notice periods: An Arkansas car insurance carrier must give you a 20-day written notice if it intends to cancel, except for cases of nonpayment, which require only a 10-day written notice. If your policy is not renewed, your auto insurer must give you a 30-day written notice.