UPDATED: DECEMBER 16, 2022 | 2 MIN READ
The average car insurance in Mississippi is 5% more than the national average. The average cost of Mississippi auto insurance is $1,607 yearly. Rates are impacted by many factors, including driving records and credit scores. We’re here to help walk you through choosing car insurance in Mississippi.
Best Mississippi Car Insurance Companies
There are many great car insurance companies in Mississippi to choose from. Whether you’re looking for great discounts, excellent customer service, or fantastic rates, there is a company for you.
Cheapest Mississippi Car Insurance Company
The cheapest Mississippi car insurance is with State Farm at $468 per year for minimum coverage or $1,308 for full coverage.
Company With the Best Customer Service
The best customer service in Mississippi is with Farm Bureau Insurance. It’s highly rated and scored 883 on J.D. Powers’ 2021 U.S. Auto Insurance Study for the South. Erie Insurance is next in line with a score of 874.
Company With the Best Premium-Reducing Programs
Nationwide is an excellent option for premium-reducing car insurance in Mississippi if it’s affordable for you. It’s more expensive than the average at $178 monthly, but there are a lot of discounts they offer that lower car insurance premiums.
Company With the Best Discounts
Progressive is a great company for car insurance in Mississippi if you’re looking for discounts. It’s not the cheapest, at $180 monthly, but it has decent customer service and many discounts that lower your costs.
Local and Regional Insurance Carriers
Acceptance Insurance
Acceptance is a car insurance provider for Mississippi drivers with service right in their neighborhood, and they’ll accept you as a driver. The agency insures various motorists, including high-risk drivers, drivers who need an SR-22, and drivers with bad credit.
Customers with Acceptance may purchase a policy that meets Mississippi’s minimum insurance requirements or opt for a more robust policy with uninsured motorist coverage.
Acceptance also offers several options for collision and comprehensive coverages. High deductible policies with low monthly payments make Acceptance insurance affordable.
Mississippi Farm Bureau
One of the largest insurance companies in the state, Mississippi Farm Bureau serves thousands of drivers. With decades of experience and multiple quality insurance products, Mississippi Farm Bureau is an industry in the South.
Car insurance options include personal auto insurance feature coverages such as liability, personal property, medical expense, collision, other than collision, and uninsured/insured motorist.
Drivers can access multiple discounts, including a claims-free discount, air bag discount, and account discount, plus the DriveDown deductible rewards program.
ALFA Insurance
ALFA Insurance is a regional car insurance provider for Mississippi drivers. Mississippi is one of the most dangerous states for drivers in the country, but motorists drive confidently with the security ALFA Insurance delivers.
The company features quality policies, including liability, collision, roadside assistance, loss of use, and others. They offer competitive policies and generous discounts to help drivers from Biloxi to Hattiesburg save on car insurance.
Educators, military members, state employees, priests, auto workers, and farmers receive a discount based on occupation. Other savings apply for home-and-auto bundles, defense driving course participation, and vehicle safety features.
Mississippi Insurance Demographics
Demographics significantly affect how much you pay for car insurance in Mississippi.
- Crime Rates: Although violent crimes have increased over the year, it’s still well under the national average of 4.0.
- Average Household Income: The average household income is $65,156. The median household income is $46,511.
- Median Age Range: The median age range is 36.7 years of age.
- Education: In Mississippi, 20.4% of residents have at least a 4-year degree.
Common Risk Factors In Mississippi
Mississippi risk factors that increase auto insurance rates:
- DUI
- Speeding
- Racing
- Reckless driving
- At-fault accidents
- Distracted driving
- Property damage
Auto Insurance Laws In Mississippi
Mississippi requires a mandatory 25/50/25 liability coverage to operate a motor vehicle. Driving without insurance is illegal, and you face penalties, fines, and even jail time if caught.
What are the minimum car insurance requirements?
The requirements for car insurance in Mississippi are the following:
- $25,000 per person for bodily injury
- $25,000 for property damage
- $50,000 per accident for bodily injury
Am I required to carry uninsured motorist coverage?
Mississippi doesn’t require uninsured motorist insurance. Drivers are strongly advised to get UM coverage as there is a high percentage of uninsured drivers in America.
SR-22 policies
If you’ve had a DUI or another major conviction, you must obtain an SR-22 in Mississippi legally. It’s a form issued by your insurance company to ensure you’re insured.
Is Mississippi a no-fault state?
Mississippi is not a no-fault state. Typically, the insurer covers the damages and injuries after an accident regardless of fault. However, in Mississippi, the liability falls on the one responsible for the accident.
What happens if my vehicle isn’t properly insured?
It’s illegal to drive without insurance. If you’re caught driving without car insurance, you may face a suspension of driving privileges, fines up to $500, acquiring an SR-22, and a reinstatement fee of $25.
Does Mississippi accept digital insurance cards?
Mississippi does allow you to use digital insurance cards.
How Much Does Car Insurance In Mississippi Cost?
The cost of car insurance varies and depends on many different factors. Insurers consider many things, such as your city, credit score, age, driving record, and gender.
Average Cost of Car Insurance By City
The city in which you live is a factor in determining your car insurance rates. It’s not a large difference in costs, but it does change regarding where you live.
| City | Average Mississippi Car Insurance Cost | Difference From Mississippi Average |
|---|---|---|
| Biloxi | $1,835 | 3% |
| Gulfport | $1,855 | 4% |
| Hattiesburg | $1,713 | -4% |
| Jackson | $1,976 | 11% |
| Southaven | $1,795 | 1% |
Average Cost of Car Insurance By Company
The different car insurance companies typically have different rates. Some companies are much cheaper than others.
| Car Insurance Company | Average Full-Coverage Premium (Annually) |
|---|---|
| Allstate | $2,610 |
| MetLife | $2,305 |
| Safe Auto | $2,285 |
| State Farm | $1,320 |
Average Cost of Car Insurance By Age
More experienced drivers typically pay less in car insurance than new drivers. Below is an example of what different ages pay for car insurance.
| Age | Average Full-Coverage Premium (Annually) |
|---|---|
| Age 16 | $2,192 |
| Age 18 | $5,241 |
| Age 20 | $3,830 |
| Age 25 | $2,144 |
| Age 30 | $1,893 |
| Age 40 | $1,782 |
| Age 50 | $1,614 |
| Age 60 | $1,561 |
| Age 70 | $1,659 |
Average Cost of Car Insurance By Credit Score
Credit scores are a determining factor in what you pay for car insurance. Historical data suggests that people with great credit scores are more reliable customers.
| Credit Score | Average Rate (Annually) |
|---|---|
| Very Poor | $3,410 |
| Fair | $2,820 |
| Good | $2,305 |
| Very Good | $1,885 |
| Great | $1,555 |
Average Cost of Car Insurance By Driving Record
Your driving record has a huge impact on your car insurance rates. If you’re a great driver, you pay less for car insurance than a terrible driver.
| Driving Incident | Average Full-Coverage Premium (Annually) | % Increase In Average Full-Coverage Premium |
|---|---|---|
| Speeding Ticket | $2,065 | 16% |
| Accident | $2,480 | 40% |
| DUI | $2,735 | 35% |
What Optional Insurance Coverages Should You Consider?
The optional coverage available in the state:
- Comprehensive
- Roadside assistance
- Optional bodily injury
- Medical payments
- Underinsured motorist bodily injury
- Collision
- Limited collision
- Loan/lease payoff
- Rental car reimbursement
Auto Insurance Discounts
There are many different discounts available for insurance in Mississippi. Discounts are available depending on your chosen insurer, driving record, and the car you drive. Discounts include multi-car, good driver, driver education, low mileage, and policy bundling.
FAQs
How much is car insurance per month in Mississippi?
The average cost of car insurance in Mississippi is $55 for minimum coverage and $109 for full coverage.
Is car insurance expensive in Mississippi?
The average car insurance in Mississippi is 26.1% more than the national average.
Is car insurance required in Mississippi?
Yes, you must have at least the minimum liability coverage of car insurance to drive in Mississippi.
Why is Mississippi insurance so expensive?
It’s expensive for a few different reasons. It has the second-highest uninsured drivers in the country. Also, Mississippi allows drivers to get insurance after being ticketed for driving uninsured after only paying a $100 fine.
What is the Mississippi state minimum car insurance?
The requirements for car insurance in Mississippi are the following:
- $25,000 per person for bodily injury
- $25,000 for property damage
- $50,000 per accident for bodily injury
How To Purchase Mississippi Car Insurance
There are several options for purchasing Mississippi car insurance. To get the best rates, compare quotes from several insurance companies and choose the one that best fits your needs and budget.
