Both Katrina and Rita, in most recent memory, hit the state. Hurricanes – Arkansas does receive hurricanes from the Gulf Coast. According to the Insurance Information Institute, there’s a 40 to 63 percent chance the New Madrid Fault region will suffer an earthquake with a 6.0 magnitude in the next 15 years while smaller quakes happen more frequently. Tornadoes – Arkansas ranked as one of the top three states for tornado frequency in three separate years between 19, also record breaking single day totals of 30 tornadoes on January 21st, 1999, and 24 twisters on November 27th, 2005.įlooding - Ranked 4th in the nation when it comes to flood risk according to Federal Emergency Management Association ( FEMA).Įarthquakes - Arkansas sits on the southern end of one of the biggest seismic faults in the United States, the New Madrid seismic zone. How often do natural disasters occur in Arkansas? Let’s look at a snapshot: And getting a Hippo policy only takes 5 minutes, online or via phone with one of our licenced agents.Īs with all homeowners insurance policies, you must consider the various factors that insurance companies will take into account when drawing up your policy: age of your home, cost of reconstruction, proximity to a firehouse, crime rates in your neighborhood, and the potential or likelihood of natural disasters common to your state or region, just to name a few. Hippo, on average, saves our customers up to 25%. And that’s why Hippo is so excited to bring our modern homeowners insurance policies to Arkansans. Home insurance in Arkansas costs around $1,543 a year, which is $343 more than the national average. There is one catch with the affordability of Arkansas and that’s the state’s vulnerability to windstorms, floods, and tornadoes. Also, considering the Cost of Living Index reported that Arkansas’ cost of living is approximately 14% lower than the rest of the nation, if you haven’t considered moving to Arkansas, now might be the time! With the median home value of $130,907 and median price of home sales at $156, 800 in 2020. The Natural State has a surprisingly affordable real estate market. Of course, you’ll witness leaves change and the beautiful fall colors.
You’ll see more rainfall in the north during the springtime. The Natural State gets 40 to 60” of rain, with the southeast portion and the Ozark and Ouachita Mountains wetter than the rest. Rich in both history and natural beauty, all four seasons are vividly experienced here. If you’re moving to Arkansas or already have a home here, you already know this state is the jewel of the South.
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