Cheap Insurance Fayetteville
Fayetteville has a population of around 76,000 residents, making it the third-largest city in Arkansas. Much of the population data is skewed because of the large number of students attending UofA each year (the state’s largest university). This also means a higher percentage of younger drivers on the roads, which increases the claims risk for insurance companies. As a result, the average price of auto insurance in the city might be higher than elsewhere in the state. To alleviate some of the pressure on your wallet, we recommend comparing the options for cheap insurance Fayetteville can offer. Doing so twice a year can help ensure you are always getting the best deal.
Other factors that may affect your rates:
- The city recovered from the recession better than almost any other U.S. city, and the population has grown continuously throughout its 150 year history. In fact, over the past decade the city saw over 25% growth. This means insurance rates have been fluctuating a great deal as new demographic data is studied.
- The top 5 employers in the city are either educational institutions, medical institutions, or the county government. Employees in any of these industries most likely qualify for additional discounts, so be sure to check which ones your insurance company might offer. You can sometimes even get a discount for being a member of a credit union!
- Razorback Transit and Ozark Regional Transit both provide public transportation in the city which is a great options for drivers who want to put less miles on their cars. The less you drive the lower your rates usually are.