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Arresters are widely used in power systems to protect other equipment against overvoltages. However, in some conditions, they can’t operate successfully. One of the disturbances leading to the failure of the riser pole arresters is the ferroresonance overvoltages. In this paper, at first the influence of different transformer simulation models of ATP software on the occurrence of ferroresonance is studied and then the effect of ferroresonance on the riser pole arrester has been scrutinized through the thermal and electrical performance of the arrester in an underground distribution system. The results show that the arrester temperature rises due to energy dissipation in a ferroresonance circumstance, which indeed may result into the explosion of the arrester. Also, applying different models of the transformer in the ATP software and comparing the results, it is shown that the available models do not show the same effect on the arrester.