The average cost of insurance in Mississippi is $492 per year for minimum coverage and $1,782 for full coverage, according to Bankrate’s 2021 study of quoted annual premiums. However, this number can change dramatically, depending on your age, the carrier you choose and your driving record – among other things. Mississippi has over 2 million licensed drivers, and each one will pay a different amount for premiums based on their own personal factors.
How much does car insurance cost in Mississippi?
There are a number of factors considered to determine Mississippi car insurance rates. Not only are age, city, carrier and coverage options all weighed, but your driving record, gender, marital status and credit score also influence the price you pay.
Drivers in Mississippi pay an average of $492 a year for a minimum coverage policy, and $1,782 per year if you opt for full coverage. The average cost of insurance in the United States for a full coverage policy is $1,674, which makes Mississippi about six percent higher. One reason for this overall increase may be due to Mississippi ranking the highest in the country for number of uninsured drivers, according to the Insurance Information Institute, with around 29% of drivers in Mississippi driving uninsured.
Mississippi car insurance rates by company
The carrier you choose makes a big difference not only for your coverage options for auto insurance, but also the rates you pay. To determine the best car insurance company for drivers in Mississippi, it is essential to compare multiple companies, for both rates and features.
| Car insurance company | Average annual premium for minimum coverage | Average annual premium for full coverage |
|---|---|---|
| Alfa | $656 | $2,389 |
| Allstate | $715 | $2,607 |
| MetLife | $557 | $2,305 |
| Progressive | $519 | $1,591 |
| Safe Auto | $573 | $2,284 |
| Safeway | $549 | $2,191 |
| Shelter | $665 | $1,939 |
| Southern Farm Bureau | $368 | $1,333 |
| State Farm | $337 | $1,318 |
| USAA | $301 | $1,109 |
Mississippi car insurance rates by city
Where you live in the state has a major impact on the amount you pay for premiums. Bankrate examined the rates among the Top 20 cities based on population, and found increases as high as 11%. On the other hand, some cities were up to 12% less for premiums, simply based on location.
| City | Average annual premium for full coverage | % increase from state average annual premium |
|---|---|---|
| Jackson | $1,976 | 11% |
| Gulfport | $1,855 | 4% |
| Brandon | $1,791 | 1% |
| Meridian | $1,712 | -4% |
| Hattiesburg | $1,713 | -4% |
| Biloxi | $1,835 | 3% |
| Southaven | $1,795 | 1% |
| Columbus | $1,673 | -6% |
| Vicksburg | $1,816 | 2% |
| Olive Branch | $1,792 | 1% |
| Tupelo | $1,649 | -7% |
| Laurel | $1,656 | -7% |
| Greenville | $1,779 | 0% |
| Starkville | $1,567 | -12% |
| Oxford | $1,682 | -6% |
| Pearl | $1,831 | 3% |
| Madison | $1,766 | -1% |
| Natchez | $1,927 | 8% |
| Lucedale | $1,729 | -3% |
| Horn Lake | $1,819 | 2% |
Mississippi car insurance rates by age
Age is a major factor when it comes to the average cost of car insurance in Mississippi. Not surprisingly, younger drivers pay the most, specifically around age 18, when they have likely started coming off a parent’s policy.
| Age | Average annual premium in Mississippi |
|---|---|
| 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 |
*16-year-old calculated on parent’s policy disclosure; 18- and 20-year-old are renters
Mississippi car insurance rates by driving record
You can expect your car insurance rates in Mississippi to increase if you have a blemish on your record, such as a ticket, accident or DUI. Of the three, an accident was found to cause the highest increase in premiums.
| Driving incident | Average annual full coverage premium in Mississippi | % increase of average annual premium |
|---|---|---|
| Speeding ticket | $2,065 | 16% |
| Accident | $2,477 | 39% |
| DUI | $2,734 | 35% |
How to save on car insurance in Mississippi
While car insurance rates in Mississippi may be higher than what other drivers pay across the country, it is still possible to save on premiums with discounts. Drivers may find a reduction in premiums by taking advantage of discounts, such as:
- Safe driver: Ask the carrier if it offers a telematics program, where your driving habits are monitored via bluetooth or a device. If your driving meets certain standards, you may be eligible for additional discounts.
- Multi-policy: If you purchase a homeowners or renters insurance policy from a carrier, ask about the discount to bundle your auto insurance too, since this is a significant way to save on your policy.
- Claims-free: The longer you go without making a claim on your policy then you may qualify for a claims-free discount from the carrier.
- Military: Almost all carriers offer discounts to members of the military or veterans, whether active or retired, or as a member of the National Guard or Reserves.
Frequently asked questions
How much car insurance do I need?
In addition to meeting state minimum requirements, adding additional coverage to your policy will help limit your out of pocket costs for liability, property and vehicle damage. Insurance experts recommend you purchase the maximum amount of coverage you can afford, which may include optional coverages such as collision, comprehensive, medical payments and uninsured motorist.
Can I switch auto insurance at any time?
Yes, you can purchase an auto insurance policy at any time with a new carrier, and you do not have to wait until your policy is up for renewal. However, one important point to keep in mind is you do not want to cancel your old policy until your new one is officially in place. This prevents a lack of coverage while you are switching and ensures you are covered while out on the road.
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner.
Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.
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