Costs are going up — and that includes insurance.
According to insurance resource The Zebra, car insurance rates in Arkansas have ballooned over the past decade, rising from an average annual premium of about $1,500 in 2016 to about $2,700 in 2026. Meanwhile, LendingTree reported that home insurance rates climbed a whopping 46.8 percent nationwide from 2020 to 2025.
“It’s a tough time for the American consumer,” said Andrew Meadors, mid-South regional co-director at Sunstar Insurance Group. “Gas, collision parts, construction materials — everything is going up, interest rates are going up, and so the cost of insurance is going up, too, all in step, in sync.”
With grocery bills and other expenses going through the roof, it might be tempting to cut corners when it comes to insurance. However, the right coverage is essential to protecting one’s assets in the event of sudden misfortune…