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Cheapest car insurance in Mississippi for 2023

State Farm, USAA and Nationwide are writing some of the cheapest car insurance policies in Mississippi

Updated May 09, 2023
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The cheapest car insurance companies in Mississippi

When looking for Mississippi car insurance savings, it may take some effort to find the best choice for your own circumstances. Bankrate's team looked at average rates for both state-mandated minimum coverage as well as full coverage, which includes collision and comprehensive insurance. Here are the cheapest companies in Mississippi across a range of driver profiles, according to 2023 rate data from Quadrant Information Services.

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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Cheapest company in Mississippi for minimum coverage

Average monthly minimum coverage premium Average annual minimum coverage premium
State Farm $25 $298

Cheapest car insurance in Mississippi for full coverage

Average monthly full coverage premium Average annual full coverage premium
USAA $110 $1,324

Cheapest car insurance company for adding a teen driver

Average monthly minimum coverage premium Average annual minimum coverage premium
Nationwide $52 $626

Cheapest company for getting a speeding ticket in Mississippi

Average monthly minimum coverage premium Average annual minimum coverage premium
State Farm $28 $337

Cheapest company for being in an at-fault accident in Mississippi

Average monthly minimum coverage premium Average annual minimum coverage premium
State Farm $34 $406

Cheapest company after a high-risk incident in Mississippi

Average monthly minimum coverage premium Average annual minimum coverage premium
State Farm $40 $482

The cheapest car insurance companies in Mississippi by coverage level 

Minimum coverage in Mississippi is available at an average cost of $446 per year, while full coverage has an average annual cost of $1,771. These rates are below the national annual averages of $622 for minimum and $2,014 for full coverage. Although minimum coverage is typically the cheapest option, it does not offer coverage for your own vehicle, so most insurance experts recommend purchasing full coverage if you can afford to do so.

State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly minimum coverage premium
$25
Average annual minimum coverage premium
$298
Annual savings vs. State average*
- $148
USAA
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info
Average monthly minimum coverage premium
$26
Average annual minimum coverage premium
$315
Annual savings vs. State average*
- $131
Nationwide
Rating: 3.9 stars out of 5
3.9
Bankrate Score
Info
Average monthly minimum coverage premium
$33
Average annual minimum coverage premium
$391
Annual savings vs. State average*
- $55
Mississippi Farm Bureau
Average monthly minimum coverage premium
$34
Average annual minimum coverage premium
$406
Annual savings vs. State average*
- $40
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Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

*Based on policies with minimum coverage for 2023

USAA
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info
Average monthly full coverage premium
$110
Average annual full coverage premium
$1,324
Annual savings vs. State average*
- $447
Mississippi Farm Bureau
Average monthly full coverage premium
$116
Average annual full coverage premium
$1,395
Annual savings vs. State average*
- $376
State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly full coverage premium
$116
Average annual full coverage premium
$1,395
Annual savings vs. State average*
- $376
Nationwide
Rating: 3.9 stars out of 5
3.9
Bankrate Score
Info
Average monthly full coverage premium
$126
Average annual full coverage premium
$1,506
Annual savings vs. State average*
- $265
Powered by Coverage.com (NPN: 19966249)
Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

*Based on policies with full coverage for 2023

Cheapest cities in Mississippi for car insurance

One of the factors that insurance companies take into consideration when determining premium rates in Mississippi is your ZIP code. Although the state's average cost of car insurance is below the national average, some areas of the state may see average rates that differ dramatically from the state average. Some of the cheapest cities to insure a vehicle may include those with less busy roadways, low crime rates, a low cost of living and mild local weather patterns. Below are some of the cheapest cities in Mississippi for both full coverage and minimum coverage car insurance.

City City average annual minimum coverage premium Cheapest car insurance company Company average annual minimum coverage premium
Decatur $374 State Farm $215
Union $376 State Farm $234
Little Rock $377 State Farm $222
French Camp $378 State Farm $219
Amory $378 State Farm $221
City City average annual full coverage premium Cheapest car insurance company Company average annual full coverage premium
Sturgis $1,601 State Farm $1,163
Guntown $1,608 Mississippi Farm Bureau $1,132
Saltillo $1,609 Mississippi Farm Bureau $1,189
Maben $1,614 State Farm $1,172
Artesia $1,619 Mississippi Farm Bureau $1,216

Factors that impact cheap rates in Mississippi 

Where you live is not the only factor that can affect your car insurance rates in Mississippi. Your rates may fluctuate based on the drivers on your policy, the vehicles you insure and more. The cheapest company for you may vary based on these personal rating factors.

Insuring a teen driver

It may be challenging to find cheap insurance in Mississippi if you have a teen driver on your policy. Teen drivers have less experience behind the wheel and are statistically more likely to be involved in accidents than other age groups. However, some carriers may offer cheaper coverage for young drivers than others. The following insurers are writing some of the best cheap car insurance in Mississippi for policyholders with a teen driver in their family.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
Nationwide $626 $2,195
Mississippi Farm Bureau Insurance $685 $1,884
State Farm $729 $2,667
Allstate $923 $4,290
USAA $951 $3,088

Getting a speeding ticket

Getting a speeding ticket may indicate to insurers that you engage in risky driving behavior. This is why most carriers raise rates for drivers with a speeding ticket conviction on their record. While most tickets only affect your insurance rates for three to five years, depending on the carrier, it may be worth it to shop around and compare quotes after a speeding ticket. The following carriers offer some of the lowest average rates for drivers with a single spending ticket conviction.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
State Farm $337 $1,598
USAA $412 $1,717
Mississippi Farm Bureau Insurance $452 $1,504
Nationwide $453 $1,707
Progressive $580 $2,170

Getting into an at-fault accident

You are likely to see your insurance rates increase after an at-fault accident unless you have an accident forgiveness endorsement on your policy. This is because accidents can lead to costly insurance claims, so even a single accident may lead your carrier to see you as a riskier driver. These insurers offer some of the lowest average insurance rates for Mississippi drivers after an accident.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
State Farm $406 $1,810
USAA $514 $2,021
Mississippi Farm Bureau Insurance $563 $1,815
Nationwide $615 $2,138
Allstate $703 $3,404

Being deemed a high-risk driver

Each insurer has its own definition of what constitutes a high-risk driver. Generally, you could end up in this group if you have multiple tickets, moving violations or at-fault accidents on your record. A DUI is one of the most serious infractions; even a single conviction could put you in the high-risk category. Although some insurers won't write policies for drivers with DUIs on their record, others may be willing to work with you, though you will likely pay significantly higher rates as a result.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
State Farm $482 $2,056
USAA $641 $2,608
Progressive $660 $2,155
Mississippi Farm Bureau Insurance $790 $2,322

Minimum coverage requirements for Mississippi drivers

Mississippi’s minimum auto insurance requirements for residents include:

  • $25,000 bodily injury per person
  • $50,000 bodily injury per accident
  • $25,000 property damage per accident

When searching for the cheapest auto insurance in Mississippi, it might be tempting to only purchase minimum coverage, which is available for an average cost of $446 per year. However, most insurance agents recommend getting more coverage if you can afford it to offer additional financial protection, including coverage for your own vehicle. For instance, if a vehicle accident you cause involves injury to multiple people but you only have the $50,000 bodily injury coverage per accident, then this amount might not cover medical expenses for everyone. You would be financially responsible for the difference.

How to get the cheapest car insurance in Mississippi

Some insurance pricing factors, like your age and ZIP code, may not be easily manipulatable. However, other factors are more within your control. If you are wondering how to save on car insurance in Mississippi, these tactics may help. 

Maintain a clean driving record

Few factors impact your premium rate as much as your driving history. As we noted above, everything from a speeding ticket to a DUI may cause an increase in your rate. If you have a clean driving record, your insurer is likely to reward you with a preferential rate. You may also be able to earn good driver discounts, including those from telematics programs, which monitor your driving in real-time and adjust your premium accordingly. 

Improve your credit score

In Mississippi, your insurer will likely check your credit history when determining your rate. If you have a high credit score, you will likely see lower insurance rates as you have demonstrated that you can pay bills on time and in full. Insurers also typically see drivers with a strong credit history as less likely to file insurance claims, especially for minor damage.

Car insurance discounts in Mississippi

Most insurers offer at least a handful of discounts that may help drivers save money on their policies. To ensure that you are getting all the discounts you qualify for, it may be a good idea to review available discounts from your carrier regularly to see if you are eligible for any new savings opportunities. Some of the most common discounts include:

Frequently asked questions

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Written by
Mary Van Keuren
Insurance Contributor

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Edited by Insurance Editor