Home Insurance in Fayetteville

Understand how home insurance in Fayetteville works so you can make an educated decision about your coverage.
Compare, shop and customize quotes from top-rated insurance carriers.

Equip Your Property With Home Insurance in Ozark Country

The first inhabitants of Fayetteville were the Osage Indians, and now, this city has grown to 99,285 and more than 38,000 unique households. The city is close to the University of Arkansas and the Botanical Garden of the Ozarks. The city is also in the middle of the Boston Mountains, which are part of the Ozarks chain. You should arm your home with home insurance to protect your investment and get the most out of living in this region.

Fayetteville's Home Data and Residents

Household incomes are somewhat low at $52,111, but that hasn't stopped median property values from climbing to $255,600. The poverty rate is more than 21%, reflecting how some of the population in Fayetteville is struggling to make ends meet. Homeownership rates are 40%, with most of the residents here renting their homes. Despite this, the unemployment rate is low at 2.4%.

The hazards and risks of this area can be related to the climate. Like other places in the south, Arkansas has a humid subtropical climate. Both cold and heat waves could damage property as well as lightning, hail, wind or tornadoes. Winter storms may also be problematic for consumers of home insurance in Fayetteville. The biggest risk of living in this region is being a property crime victim with a 1 in 21 chance of experiencing a crime.

Getting Reasonable Home Insurance Rates

It's important to understand how living in this area impacts your home insurance premiums and costs. Arkansas, unfortunately, has higher than normal annual home insurance rates like many other places in the south. Fayetteville's average yearly home insurance premiums are $2,590 for a $300,000 home. Neighborhoods McNair, Pine Valley and Woodbury could pay higher rates due to more property crime.

The best way to save on home insurance in Arkansas is to mitigate your risk by investing in safety features to protect your home against theft. Security systems are a great addition to your home and could give you discounts. Additionally, having strong credit and a history of paying your bills on time could also unlock discounts for home insurance. Search for comparable insurance rates with VIU by HUB.

You could also save more money if you have a strong credit history. Insurance providers raise premiums for customers who have bad credit or a history of many claims.

Understanding Home Insurance

You can also maximize your savings for home insurance in this part of the state by learning more about how this coverage works. Your policy may include the top three areas for coverage - dwelling, personal property and liability. These basic elements of a policy provide protection for your home's structure, your belongings in your home and potential injuries that happen on your property.

There are many different perils covered by home insurance, outlined in a policy, which you can learn about at VIU by HUB. The most common perils that are covered by home insurance are hail, wind, winter weather, fire, theft, vandalism, falling objects or collisions into your home by vehicles. If there is a flood or an earthquake or if high-end jewelry is stolen from you, you may need additional insurance coverage.

Find the Right Combination of Coverage and Value

Home insurance in Fayetteville can be tough to navigate if you aren't an informed consumer. VIU by HUB helps you make more educated decisions about your coverage and choose the best policy that fits your budget. You can shop around for coverage and compare different policies for your needs and lifestyle.

This information is intended for general informational purposes only and is not intended to constitute legal advice.




FEMA National Risk Index

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Bureau of Labor Statistics

Home insurance in Arkansas by city

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