Car insurance in Sherwood for an adult with a clean driving record and good insurance score costs $1,410 a year for a full coverage policy, according to CarInsurance.com data.

But that’s just an average. Insurance companies look at drivers as individuals, factoring in their age, driving history, the make and model of their car and other factors.

Where you live is also a big factor. Car insurance rates can vary greatly from city to city and even from ZIP code to ZIP code within a city.

More traffic typically translates to more accidents and claims, so insurers look at neighborhoods and consider population density, road conditions, weather and other factors.

Some ZIP codes have much more auto theft than other areas. Insurers will thus charge higher premiums in those zip codes because the risk of loss is much higher. Other ZIP codes have a lot more car wrecks and the insurance company will charge higher premiums to cover the risk,” says James Brau, professor of finance at Brigham Young University. “Imagine a densely-crowded ZIP code where a lot of folks are driving versus a code out in a rural area where you hardly ever see another car. The odds of more wrecks and thefts are higher where there are a ton of vehicles — it becomes a statistics exercise.

Knowing where you live and what you’re likely to pay can be a big help when shopping for auto insurance.

That’s why our experts have created this comprehensive guide to help you make intelligent decisions about car insurance. The guide provides the average car insurance rates in Sherwood by coverage levels, age, city and ZIP code. It also lists the cheapest car insurance carriers and rates in Sherwood.

Key Highlights
  • Car insurance in Sherwood is almost same as car insurance in Arkansas for full coverage policies.
  • The average cost of a full-coverage car insurance policy in Sherwood is $1,410 per year or $118 per month.
  • In Sherwood, USAA offers the cheapest full coverage car insurance at $84 per month.
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Written by:
Katrina Raenell
Contributing Researcher
Katrina Raenell is a writer, editor and educator with 20 years of experience in content and communications for international organizations, nonprofits and start-ups. In her previous roles, she was a communications manager for study abroad, content project manager for higher education and finance websites, reported on arts and culture, and was a managing editor for an online health and wellness publication.
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Reviewed by:
Laura Longero
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Executive Editor
Laura is an award-winning editor with experience in content and communications covering auto insurance and personal finance. She has written for several media outlets, including the USA Today Network. She most recently worked in the public sector for the Nevada Department of Transportation.

What is the average cost of car insurance in Sherwood, AR?

The average auto insurance rates in Sherwood, AR at various coverage levels are listed below:

  • State minimum: $418 per year
  • Liability-only coverage (50/100/50): $508 per year
  • Full coverage (100/300/100): $1,410 per year

The cost of car insurance can vary significantly depending on the coverage level you choose. The three most-talked-about coverage levels are:

State minimum car insurance, which is the minimum liability coverage your state requires; liability car insurance coverage, which pays for the medical bills of anyone you injure with your car and pays to repair or replace any cars or property you hit; and full coverage car insurance, which includes collision and comprehensive insurance that pays for damage to your car.

Average annual rates by company for different coverage levels

CompanyState MinimumLiability OnlyFull Coverage
USAA$244$322$1,008
Geico$263$325$1,080
Nationwide$519$587$1,247
Travelers$478$619$1,337
Auto-Owners$375$398$1,343
State Farm$401$504$1,362
Farmers$471$565$1,402
Auto Club Enterprises (AAA)$474$594$1,604
Progressive$383$515$1,610
Allstate$574$650$2,110

Note:

  • State Minimum: State minimum liability only
  • Liability Only: 50/100/50 liability only
  • Full Coverage: 100/300/100 liability with $500 comprehensive/collision deductible

What are the cheapest car insurance companies in Sherwood, AR?

Out of all the carriers available in Sherwood, USAA offers the cheapest full coverage car insurance at $84 per month.

The second-cheapest car insurance company in Sherwood is Geico, offering car insurance at $90 monthly.

Cheapest CompanyFull Coverage Monthly Rates
USAA$84
Geico$90
Nationwide$104
Travelers$111
Auto-Owners$112
State Farm$114
Farmers$117
Auto Club Enterprises (AAA)$134
Progressive$134
Allstate$176

Note: Full Coverage: 100/300/100 liability with $500 comprehensive/collision deductible

Comparing quotes from multiple insurers can help you save money on your car insurance premiums.

Which companies offer the cheapest rates for high-risk drivers in Sherwood, AR?

Car insurance is more expensive for high-risk drivers. A high-risk driver in Arkansas is considered as such because they have:

  • Multiple speeding tickets or other traffic infractions in the last three- to five-year period.
  • An injury or a high-cost accident in the last three- to five-year period
  • A DUI conviction
  • A teen/inexperienced driver on their policy
  • A high-performance sports car
  • A poor credit score (a few states — California, Hawaii, Maryland, Massachusetts and Michigan — prohibit insurance companies from using credit to set rates)
  • A recent lapse in car insurance

Cheapest rates for drivers with two speeding tickets in Sherwood, AR

See the average annual premium for drivers with two speeding tickets on their records in Sherwood, AR in the table below.

Cheapest CompanyFull Coverage Monthly Rates with 2 Speeding Tickets
Nationwide$124
State Farm$124
USAA$125
Geico$146
Travelers$187
Farmers$199
Progressive$225
Allstate$228
Auto Club Enterprises$242
Auto-Owners$278

Note:

  • Full Coverage: 100/300/100 liability with $500 comprehensive/collision deductible
  • Insurance rates after receiving 2 speeding tickets for speeds 11 mph or over.

Cheapest rates for drivers with a DUI conviction in Sherwood, AR

See the average annual premium for a driver convicted of DUI in Sherwood, AR in the table below.

Cheapest CompanyFull Coverage Monthly Rates with 1 DUI
Geico$102
State Farm$124
USAA$166
Progressive$169
Farmers$173
Travelers$184
Allstate$240
Auto Club Enterprises$247
Auto-Owners$278
Nationwide$338

Note: Full Coverage: 100/300/100 liability with $500 comprehensive/collision deductible

Companies with the cheapest insurance by driver profile in Sherwood, AR

Personal factors can affect how much you pay for car insurance in states that allow it. Insurance companies do use a driver’s age as a rating factor as more driving experience leads to lower rates – and vice versa. However, not all states allow gender and credit score to be used when setting car insurance rates.

Cheapest rates for drivers in Sherwood, AR, by age

Age is a key factor when considering car insurance rates in most cities, including Sherwood – it’s one of several key factors taken into account by insurers to determine premiums.

Teens (age 16 to 19) are more prone to accidents because they’re inexperienced drivers. According to the Centers for Disease Control and Prevention (CDC), teen drivers are far more likely to be involved in fatal collisions than adult drivers. The higher the chances of an accident, the higher the car insurance rates.

Drivers in their 40s, 50s and 60s pay less for their car insurance premiums when compared to teen drivers because they are more likely to follow traffic rules, according to the Insurance Information Institute.

AgeCheapest CompanyFull Coverage Monthly Rates
16Allstate$1,018
16Auto Club Enterprises (AAA)$1,326
16Auto-Owners$442
16Geico$470
16Farmers$880
16Nationwide$458
16Progressive$818
16State Farm$453
16Travelers$460
16USAA$449
17Allstate$830
17Auto Club Enterprises (AAA)$575
17Auto-Owners$410
17Geico$325
17Farmers$605
17Nationwide$449
17Progressive$881
17State Farm$398
17Travelers$371
17USAA$297
18Allstate$706
18Auto Club Enterprises (AAA)$522
18Auto-Owners$378
18Geico$273
18Farmers$525
18Nationwide$435
18Progressive$749
18State Farm$350
18Travelers$309
18USAA$245
19Allstate$443
19Auto Club Enterprises (AAA)$418
19Auto-Owners$273
19Geico$220
19Farmers$296
19Nationwide$372
19Progressive$369
19State Farm$308
19Travelers$254
19USAA$184
20Allstate$392
20Auto Club Enterprises (AAA)$354
20Auto-Owners$245
20Geico$196
20Farmers$271
20Nationwide$316
20Progressive$323
20State Farm$270
20Travelers$225
20USAA$170
21Allstate$308
21Auto Club Enterprises (AAA)$292
21Auto-Owners$215
21Geico$159
21Farmers$160
21Nationwide$189
21Progressive$249
21State Farm$229
21Travelers$198
21USAA$124
22Allstate$274
22Auto Club Enterprises (AAA)$260
22Auto-Owners$193
22Geico$131
22Farmers$153
22Nationwide$175
22Progressive$220
22State Farm$206
22Travelers$177
22USAA$118
23Allstate$244
23Auto Club Enterprises (AAA)$230
23Auto-Owners$172
23Geico$123
23Farmers$140
23Nationwide$164
23Progressive$198
23State Farm$182
23Travelers$161
23USAA$111
24Allstate$221
24Auto Club Enterprises (AAA)$200
24Auto-Owners$161
24Geico$115
24Farmers$135
24Nationwide$154
24Progressive$181
24State Farm$166
24Travelers$150
24USAA$106
25Allstate$199
25Auto Club Enterprises (AAA)$171
25Auto-Owners$157
25Geico$105
25Farmers$138
25Nationwide$127
25Progressive$164
25State Farm$146
25Travelers$131
25USAA$103
30Allstate$176
30Auto Club Enterprises (AAA)$136
30Auto-Owners$114
30Geico$95
30Farmers$128
30Nationwide$110
30Progressive$148
30State Farm$116
30Travelers$126
30USAA$91
35Allstate$176
35Auto Club Enterprises (AAA)$134
35Auto-Owners$112
35Geico$92
35Farmers$121
35Nationwide$108
35Progressive$142
35State Farm$114
35Travelers$122
35USAA$87
40Allstate$176
40Auto Club Enterprises (AAA)$134
40Auto-Owners$112
40Geico$90
40Farmers$117
40Nationwide$104
40Progressive$134
40State Farm$114
40Travelers$111
40USAA$84
45Allstate$176
45Auto Club Enterprises (AAA)$133
45Auto-Owners$110
45Geico$89
45Farmers$109
45Nationwide$101
45Progressive$132
45State Farm$113
45Travelers$111
45USAA$81
50Allstate$175
50Auto Club Enterprises (AAA)$127
50Auto-Owners$106
50Geico$84
50Farmers$105
50Nationwide$97
50Progressive$121
50State Farm$111
50Travelers$110
50USAA$78
55Allstate$171
55Auto Club Enterprises (AAA)$120
55Auto-Owners$104
55Geico$82
55Farmers$101
55Nationwide$93
55Progressive$116
55State Farm$107
55Travelers$101
55USAA$77
60Allstate$167
60Auto Club Enterprises (AAA)$121
60Auto-Owners$103
60Geico$81
60Farmers$100
60Nationwide$90
60Progressive$117
60State Farm$105
60Travelers$102
60USAA$77
65Allstate$178
65Auto Club Enterprises (AAA)$123
65Auto-Owners$106
65Geico$80
65Farmers$109
65Nationwide$94
65Progressive$124
65State Farm$104
65Travelers$108
65USAA$79
70Allstate$178
70Auto Club Enterprises (AAA)$129
70Auto-Owners$116
70Geico$84
70Farmers$122
70Nationwide$104
70Progressive$139
70State Farm$109
70Travelers$117
70USAA$86
75Allstate$202
75Auto Club Enterprises (AAA)$129
75Auto-Owners$127
75Geico$91
75Farmers$139
75Nationwide$118
75Progressive$175
75State Farm$119
75Travelers$133
75USAA$98

Note: Full Coverage: 100/300/100 liability with $500 comprehensive/collision deductible

Cheapest rates for drivers in Sherwood, AR, with poor credit

Except in states that don’t allow it – California, Hawaii, Massachusetts, Washington and Michigan – drivers who have poor credit will pay higher rates for car insurance because they’re viewed as riskier by auto insurers.

Cheapest CompanyFull Coverage Monthly Rates with Bad Credit
Geico$129
USAA$161
Nationwide$169
Farmers$194
Travelers$211
Auto Club Enterprises (AAA)$240
Progressive$244
Allstate$280
Auto-Owners$373
State Farm$598

Final thoughts: Car insurance cost in Sherwood, AR

Shopping for a new auto insurance policy at renewal time is the best way to make sure you have the cheapest car insurance in Sherwood, AR. Maximize your discounts, drive a vehicle with plenty of safety features and maintain a good driving record to pay less for car insurance.

Resources & Methodology

Sources:

  1. Centers for Disease Control and Prevention. “Teen drivers.” Accessed August 2023.
  2. Insurance Information Institute. “Senior driving safety and insurance tips.” Accessed August 2023.

Methodology:

CarInsurance.com, commissioned Quadrant Information Services to gather data on the average costs of car insurance for drivers residing in Sherwood, Arkansas.

The rates were derived from a sample profile of a 40-year-old male driving a Honda Accord LX, with no history of violations and a good insurance score. This sample profile opted for full coverage policies with limits of up to 100/300/100 and a $500 comprehensive and collision deductible.

The data was collected across approximately 34,523 ZIP codes, resulting in a total of 56,838,240 quotes obtained from 41 companies.

Laura Longero

Ask the Insurance Expert

Laura Longero

Executive Editor

Laura is an award-winning editor with experience in content and communications covering auto insurance and personal finance. She has written for several media outlets, including the USA Today Network. She most recently worked in the public sector for the Nevada Department of Transportation.

John McCormick

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John McCormick

Editorial Director

John is the editorial director for CarInsurance.com, Insurance.com and Insure.com. Before joining QuinStreet, John was a deputy editor at The Wall Street Journal and had been an editor and reporter at a number of other media outlets where he covered insurance, personal finance, and technology.

Leslie Kasperowicz

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Leslie Kasperowicz

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Leslie Kasperowicz is an insurance educator and content creation professional with nearly two decades of experience first directly in the insurance industry at Farmers Insurance and then as a writer, researcher, and educator for insurance shoppers writing for sites like ExpertInsuranceReviews.com and InsuranceHotline.com and managing content, now at CarInsurance.com.

Nupur Gambhir

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Nupur Gambhir

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Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service.

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Contributing Researcher

Katrina Raenell is a writer, editor and educator with 20 years of experience in content and communications for international organizations, nonprofits and start-ups. In her previous roles, she was a communications manager for study abroad, content project manager for higher education and finance websites, reported on arts and culture, and was a managing editor for an online health and wellness publication.