Home Insurance in Fort Smith, Arkansas: A Comprehensive Guide
Fort Smith, located along the Arkansas-Oklahoma border, is known for its historic homes and unique climate. Homeowners in Fort Smith should carefully evaluate their insurance options to ensure adequate protection against the area’s severe weather risks, including tornadoes.
National vs. Fort Smith Home Insurance Costs
The national average cost for home insurance is $1,400 per year. However, Fort Smith homeowners benefit from slightly lower rates, averaging $1,300 per year, thanks to a lower risk of natural disasters compared to other parts of the country.
Home Insurance Rates by Home Age in Fort Smith
Home Age
Average Annual Premium
0-10 years
$1,200
10-20 years
$1,300
20-30 years
$1,350
30+ years
$1,450
How Home Age Affects Insurance in Fort Smith
Newer homes are less expensive to insure due to modern materials and safety features.
Older homes may cost more to insure due to the increased likelihood of repairs and outdated systems.
Home Insurance Rates by Credit Tier in Fort Smith
Your credit score can impact your insurance premiums in Fort Smith:
Excellent Credit (750+): $1,200/year
Good Credit (700-749): $1,300/year
Fair Credit (650-699): $1,400/year
Poor Credit (Below 650): $1,600/year
Cheapest Home Insurance Providers in Fort Smith
Here’s a list of affordable home insurance providers in Fort Smith, along with their average annual costs:
State Farm: $1,250/year
Farmers Insurance: $1,280/year
Liberty Mutual: $1,260/year
Allstate: $1,290/year
Progressive: $1,300/year
Home Insurance Rates by Deductible in Fort Smith
Here’s how deductible amounts impact home insurance premiums in Fort Smith:
$500 Deductible: $1,450/year
$1,000 Deductible: $1,300/year
$2,000 Deductible: $1,200/year
$5,000 Deductible: $1,100/year
Types of Homeowners Insurance in Fort Smith
HO-3 (Special Form): Standard for most homeowners, covering damage to the home and personal belongings from most perils.
HO-4 (Renters Insurance): Protects renters’ personal property.
HO-5 (Comprehensive Form): Offers higher coverage limits for personal property and more extensive protection for the home.
HO-6 (Condo Insurance): Designed for condo owners.
Comparing Fort Smith to Other Arkansas Cities
Fayetteville: Fayetteville homeowners pay around $1,400/year, which is comparable to Fort Smith.
Little Rock: Home insurance in Little Rock is $1,350/year, slightly higher than Fort Smith due to its more urban environment and higher crime rates.
