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Get Cheap Car Insurance in Monterey, AR

We monitor insurance prices, helping the average driver in Monterey save up to 33.0% on car insurance.

 

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The Cheapest Minimum Coverage in Monterey

The chart below shows the cheapest car insurance company in Monterey for a driver with a good record seeking minimum coverage on a mid-grade used vehicle. Values are estimated, and premiums may be lower or higher, but should be in an accurate order for a good driver. In general, drivers with good records will get the best prices through Safeco Insurance, followed by Farm Bureau, Geico, and Jupiter.

 
Monterey Insurer Monthly Cost
Safeco Insurance $55
Farm Bureau $57
Geico $59
Jupiter $60

Savings for Every Kind of Monterey Driver

The table shows how much the average auto insurance customer in Monterey might save by following our recommendations.

Based on our extensive insurance data, we know the average Monterey driver will save about 20% on car insurance. This isn’t marketing: this is unbiased data with no financial influence. The best auto insurance company depends on factors such as your driving record, home location, credit score, marital status, and age. The average driver will find themselves saving $339 per year by choosing the right vehicle insurance company. Some Monterey residents are paying out over $1,712 extra every year for auto insurance in Monterey. That cost may be even higher if you haven’t requested a new quote as your life situation changed.

Situation
Monterey, AR Savings / Yr.
Drivers with good records
$339
Drivers with accidents
$600
Drivers with speeding tickets
$483
Drivers with a DUI conviction
$744
Young drivers
$1,921
Married drivers
$341
Drivers with bad credit
$477

Monterey Car Insurance vs. Arkansas

People living in Monterey pay an average of 1.71% more than the typical driver in the state. The average driver in Monterey can expect to pay about $927 per year, or $1,712 for full coverage.

Based on our analysis, Travelers will be the cheapest provider in Monterey for most people.

Car Insurance Prices by Monterey Neighborhood

Monterey, AR map of insurance costs by zip code and neighborhood

Insurance Prices

More expensive
Average
Less expensive

Where is insurance cheapest within Monterey?

The map shows insurance prices in and around Monterey, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $78 per year within the city boundaries, with insurance premiums ranging from a high of $1,745 to a low of $1,667. Insurance prices tend to be higher for those living in the East area, and lower for those with homes in the Northwest parts of Monterey.

Pick the Best Car Insurance Company for You in Monterey

We have analyzed insurance costs for auto insurance customers based on the major variables that impact pricing. The results of our analysis are below, including US dollar savings. What about when you meet one or more of the criteria? For example, if you have both a DUI and a speeding ticket? Simply start with the Monterey insurance provider for whom we have posted the highest savings dollar figure.

The best car insurance provider for most drivers in Monterey

For drivers with clean driving records and no major strikes, Travelers is the best option, with annual savings of $339 over the average Monterey car insurance company.

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We use the average good driver, paying $114 per month, as our baseline for pricing in Monterey. State Farm, Travelers, and Safeco Insurance are all good choices for quotes if you have a clean record. See also the best providers for married people if you are married, and look for repeated company names.

The best car insurance provider for Monterey drivers with accidents on their records

In Monterey getting into an accident will raise premiums an average 37% for a yearly cost of $2,698. That's $987 per year more than a driver with no at-fault crashes on their driving record might pay. To avoid paying out more than you need to, Travelers, Gainsco, and Safeco Insurance are good choices for drivers with accidents.

In our analysis, Gainsco saved the average person who had been in an accident the most, with annual savings averaging $600 over the competition.

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The best car insurance company for Monterey drivers with speeding tickets

>Geico gave the average person with a speeding ticket the most savings, averaging $483 better than other car insurance companies.

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Depending on the insurance company, a speeding ticket can actually raise insurance premiums more than getting in an accident. In Monterey, tickets raise premiums on new quotes about $547. If you have a speeding ticket, we recommend Geico, Gainsco, and Farm Bureau for savings that beat the average insurance cost of $2,259 per year.

The best auto insurance for Monterey drivers with a DUI conviction

Getting a DUI can increase the cost of insurance dramatically. The average person with a DUI paid $2,853 per year in auto insurance premiums, which was $1,141 more than a driver with no major issues. Progressive, Farm Bureau, and Safeco Insurance penalized their customers the least for a DUI.

Getting a quote from Farm Bureau may cost the average person with a DUI about $744 less each year.

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The least expensive car insurance company for new and young drivers in Monterey

In Monterey, Farm Bureau costs young drivers $1,921 less each year versus the average auto insurance bill.

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Teen drivers account for more than their share of accidents, and thus end up paying about 71% more for insurance than more mature drivers in Monterey. With an average cost of $5,822 per year (for young drivers who aren't on a parent's plan), car insurance for inexperienced drivers can’t ever be called "cheap." A few companies like State Farm, Travelers, and Farm Bureau try to attract these younger drivers with lower prices in the hopes that they will stay with the company.

The best marriage discounts for vehicle insurance in Monterey

Not everything is an excuse for the auto insurance companies to charge you more. Getting married provides an average discount of $191. State Farm, Geico, and Farm Bureau provided the largest discounts to couples living in Monterey.

Farm Bureau gave the largest car insurance discounts to married couples, averaging $341 saved each year compared to an average Monterey couple's premiums.

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The cheapest car insurance in Monterey for drivers with bad credit

People with poor credit saved an average of $477 with Geico.

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Many people are surprised that their poor credit score can cost them an average of $977 every year. Premiums for people with poor credit were about $2,689 in Monterey. However, some insurance companies do not take credit score into account. If you have a credit score below 575, get quotes from Geico, Dairyland, and Farm Bureau.

The best Monterey car insurance company for customer service

Many car insurance companies over the years have struggled with customer service. In Monterey, the National Association of Insurance Commissioners (NAIC) ranks Nationwide as the best. Another valuable metric: JD Power ranks Shelter Insurance as the best provider in Monterey.

Nationwide was the best company for customer service in Monterey according to the NAIC.

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Recent price drops

Due to improvements in our tracking and methodology, we are unable to show price change data for the most recent year. This data will return next year (2023).

In 2020, at the peak of the global pandemic, {{top1_2020pricedrop_company}} changed their average price {{top1_2020pricedrop_company_percentage}}% in Monterey, which was better than other insurers.

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During the Covid-19 pandemic a few insurance companies realized people were driving less and struggling overall. They proactively lowered their rates for many customers in Monterey. We think helping communities in a time of need deserves special attention. Many insurance companies have advertisements telling us how much they care: we prefer to look at their actions.

The cheapest large national provider in Monterey

Many customers have informed us that they prefer to work with large national brands. Maybe they're one of the 30% of Monterey residents who are renting, and don't plan to be in the city or state for very long. Or maybe national recognition and funds make people feel more secure with a large provider. Regardless, Travelers tends to have the lowest prices for most drivers.

For customers who prefer to work with large national providers, we recommend Travelers for pricing. The average Monterey driver can expect to pay about $113 per month.

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What About USAA?

JD power consistently ranks USAA as the top car insurance company in the United States. We don’t compare their rates because most people can’t sign up. USAA only allows active military members and their spouses and children to apply. In Monterey, USAA has the best prices for drivers with speeding tickets, married couples, drivers with bad credit, drivers with accidents, good drivers, drivers with a DUI conviction, and young drivers.
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Auto Insurance Prices in and Around Monterey

What Influences the Cost of Car Insurance in Monterey?

On average, car insurance in Monterey is more expensive than the rest of the state. These high prices are no mystery to us. Coverage Watch tracks car insurance costs and uses a complex AI that finds related variables, and has determined car insurance prices in the city are influenced by the following factors:

  • The average commute time in Monterey is 33 minutes, which is a little more than average for a driver in the state.
  • Arkansas state insurance regulations may require higher prices.
  • An average of 0 to 1 weeks with snow on the ground, which impacts accident rates.
  • Marriage rates in Monterey are among the lowest in the state, and marriage often results in car insurance discounts.
  • Vehicle theft rates in the area are very high, with a Vehicle Theft Crime Grade of F according to CrimeGrade.org.
  • Monterey is one of the most densely populated areas in the state. The city’s density could result in a price increase for drivers.

As a result of these and other factors, the average cost of car insurance in Monterey is $77 per month for minimum coverage and $143 per month for full coverage. Costs vary widely based on your situation, and will likely be lower if you have a clean driving record and follow our insurance company research to find the best car insurance company for you.

Car Insurance in Nearby Cities

Cities with Similar Populations

* Who is the average Monterey driver? Based on national demographic data provided by BestNeighborhood, we took a single unmarried man living in central Monterey with good (but not perfect) credit driving a used midsized sedan. Data sources: proprietary data collection and analysis, unique to CoverageWatch.org All content copyright CoverageWatch.org. Journalists and other websites are free to cite any data with attribution.