Caraway, AR Insurance Guide — Local Risks & Coverage
Licensed insurance agent, BNW Services LLC · 40 years in trucking & the trades
Here's the local picture for insurance in Caraway, Arkansas — the real employers, geography, housing, and weather that shape your coverage, from a licensed local agent who shops 69+ carriers.
Insurance in Caraway: a local agent's take
Living here in Caraway, we know our homes are more than just structures; they're our livelihoods. With an estimated median home value around $93,923, and owner-occupied units averaging $55,900, many of us are in older, established homes. That makes robust homeowners insurance absolutely critical, especially when you consider our weather. Caraway's tornado activity is 120% higher than the national average, and we frequently see strong thunderstorms and hail. Folks need to ensure their policies have comprehensive wind and hail coverage, and that their deductibles are manageable. Given our proximity to the St. Francis River, Little River, and Big Lake, and the general susceptibility to flash floods, separate flood insurance is not just an option—it’s a necessity to protect against water damage that standard policies won't cover.
The Caraway economy & who needs coverage
The local job base in Caraway includes manufacturing, with Roach Manufacturing Corp. expanding its facility and adding jobs. Other significant industries are agriculture, forestry, fishing & hunting (26.8%) and health care & social assistance (16.8%). (Sources: https://www.arkansasbusiness.com/article/roach-manufacturing-to-expand-caraway-plant-create-30-jobs/, https://www.city-data.com/city/Caraway-Arkansas.html)
Major employers & who's hiring in Caraway
- Roach Manufacturing Corporation — Manufacturing (Conveyor Systems) (Yes, expanding and creating 30 new jobs)
- Riverside School District — Education (hiring)
Local landmarks & geography
- St. Francis River — Historical flood risk, as Caraway is part of 'Buffalo Island' formed by the floodwaters of this river, Little River, and Big Lake. Affects flood insurance.
- Little River — Historical flood risk, as Caraway is part of 'Buffalo Island' formed by the floodwaters of this river, St. Francis River, and Big Lake. Affects flood insurance.
- Big Lake — Historical flood risk, as Caraway is part of 'Buffalo Island' formed by the floodwaters of this lake, St. Francis River, and Little River. Affects flood insurance.
- Arkansas State University - Main Campus — Located approximately 21-26 miles from Caraway in Jonesboro. Its proximity can influence the regional economy, property values, and demand for housing in the broader area.
- Caraway Water Plant — Critical municipal infrastructure providing essential services to the town. While not a major industrial employer, its presence ensures basic utility services.
Housing stock in Caraway
The estimated median house or condo value in Caraway was $93,923 in 2021, with a median value of owner-occupied housing units at $55,900. Specific details on the typical age of housing stock, construction materials (brick/frame/manufactured), or the presence of historic districts or new subdivisions are not readily available through general web searches. (Sources: https://www.city-data.com/city/Caraway-Arkansas.html, https://censusreporter.org/profiles/16000US0511410-caraway-ar/)
Weather & flood risk in Caraway
Caraway, AR experiences a heightened risk of severe weather, particularly tornadoes, with historical activity 120% greater than the national average. The area is also susceptible to strong thunderstorms and hail events.
While specific detailed riverine flood risk data for Caraway, AR was not directly found in the initial search, the region is generally susceptible to flash floods as indicated by severe weather advisories from the National Weather Service.
Local facts that affect Caraway insurance
- Caraway, AR's historical tornado activity is 120% greater than the overall U.S. average. — high
- The top recent hail date for Caraway, AR was Wednesday, June 18, 2025, indicating a susceptibility to hail events. — medium
- Severe weather warnings for Caraway, AR, issued by the National Weather Service, include advisories for flash floods. — high
- Caraway, AR experiences tornado activity 120% greater than the national average, alongside a heightened risk of strong thunderstorms and hail events. — Directly impacts property insurance needs, deductibles for wind/hail, and the overall risk profile for homeowners and businesses.
- The median value of owner-occupied housing units in Caraway was $55,900 in 2021. — Provides context for the typical value of homes needing insurance coverage, influencing coverage limits and premium calculations for homeowners.
Get covered in Caraway
We're an independent agency — we compare 69+ carriers to fit Caraway's risks to your budget. See Caraway, AR insurance & get a quote → or call 573-594-5148.
Sources: en.wikipedia.org · city-data.com · interactivehailmaps.com · localconditions.com · censusreporter.org · areadevelopment.com · greatschools.org · arkansas.com · btobers.com · manta.com