Two Truths and One Lie: Arkansas

1. 1. Arkansas law requires all drivers to carry liability insurance with minimum coverage limits of $25,000 for bodily injury per person, $50,000 for total bodily injury per accident, and $25,000 for property damage.

2. 2. Arkansas is a no-fault state, which means that drivers can file claims with their own insurance company regardless of who is at fault in an accident.

3. 3. Comprehensive coverage in Arkansas includes protection against theft, vandalism, and damage from natural disasters, but it does not cover damages from collisions with other vehicles 

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1. 1. Drivers are required to complete a Selection/Rejection Form if they choose to reject uninsured/underinsured motorist coverage when purchasing an auto insurance policy.

2. 2. The Selection/Rejection Form must be signed by the policyholder and submitted to the insurance company to confirm that they understand their options regarding uninsured/underinsured motorist coverage.

3. 3. The Selection/Rejection Form in Arkansas is optional and does not need to be completed if the policyholder is purchasing comprehensive coverage.

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1. 1. No-Fault Total Disability Coverage in Arkansas provides benefits to policyholders who become totally disabled due to a car accident, regardless of who was at fault.

2. 2. In Arkansas, No-Fault Total Disability Coverage is mandatory for all drivers and must be included in every auto insurance policy.

3. 3. This coverage can help pay for medical expenses and lost wages resulting from a total disability due to an auto accident.

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1. 1. Arkansas will have all new and current business moved over to policy center by March if 2025

 

2. 2. Policyholders and agents must be notified of premium increases of 25% or more

 

3. 3. Arkansas has a looksee period of 30 days 

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1. 1. many auto insurance companies offer discounts to students who maintain a certain GPA, typically 3.0 or higher.

2. 2. The good student discount in Arkansas can lead to savings of up to 25% on car insurance premiums.

3. 3. To qualify for the good student discount in Arkansas, students must be enrolled in a college or university full-time.

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1. 1. Excluded drivers in Arkansas are still covered under the policyholder's insurance in case of an accident.

2. 2. To exclude a driver in Arkansas, the policyholder must provide the insurance company with the driver's name and specific reasons for the exclusion.

3. 3. Arkansas allows policyholders to exclude certain drivers from their auto insurance coverage by formally notifying their insurance company.

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1. 1. In Arkansas the Vehicle safety discount is offered to vehicles manufactured 1994 and newer

2. 2. The Passive Restraint Discount (PRD) is available to customers with 1993 and older vehicles.

3. 3. The Muli-car discount is offered to vehicles manufactured 2000 or newer

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1. 1. Participants in the adjustment program are required to have at least five years of experience in their respective field before they can enroll.

2. 2. The Arkansas Inexperienced Operator Adjustment program is designed to help new operators improve their skills and knowledge in various industries.

3. 3. The adjustment program includes mandatory training sessions that cover both safety protocols and industry best practices.

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