Driving a car on a daily basis is a necessity for many people. When you are looking to drive a vehicle in the Waldron, AR area, it is important that you understand what your auto insurance requirements are. For those that are in the area, several factors should be considered when you are trying to determine what your requirements for insurance coverage include.

Minimum Requirements

When you are looking for an auto insurance policy in Arkansas, you should first consider the state requirements. Similar to all states, Arkansas will require that you carry liability coverage whenever you are on the road. In Arkansas, you will be required to carry a personal property damage coverage of at least $25,000 per incident plus bodily injury coverage of at least $50,000 per incident. This is only liability coverage and will not buy any protection for your vehicle.

Collision and Comprehensive

In the state of Arkansas, you are not required to carry collision and comprehensive insurance coverage. However, if you have a loan or a lease on the vehicle, it likely will be required by the finance company. It is important to carefully consider your entire lease or loan document to make sure that you comply with it when you are buying a new auto insurance policy. This will provide you with a variety of different coverage types on top of liability.

When you are trying to determine your auto insurance requirements in the Waldron, AR area, it would be very beneficial to speak with The Owens Agency, LLC. When you meet with The Owens Agency, LLC, our insurance agents will be able to review your personal situation and determine what your insurance requirements are. We will also be able to provide you with a recommended policy that meets your coverage needs. Contact us for a quote.