Best Mississippi Car Insurance Companies 2020

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Mississippi offers some of the most scenic and uncrowded roads in the country. Although there are only two million licensed drivers, Mississippi is one of the states with the highest traffic fatalities. Many of these fatalities could have been prevented — a study found that half of the individuals who died were not wearing their seatbelts. 

Ensure your personal safety and that of others on the road by always wearing your seatbelt, making sure your car is in good operating condition and by having the appropriate amount of auto insurance to cover yourself and others in case of an accident. When shopping for car insurance, consider these points to find the best deal: 

  • Shop around to compare prices. Different companies offer rates that change according to details like your vehicle, location and driving record.
  • Select a higher deductible to reduce your premium. Set aside enough money to meet the deductible.
  • Bundle your home and auto insurance with the same company for multi-policy discounts.
  • Check with your employer for group insurance discounts. Some larger companies offer employees a lower rate with a particular insurance company.

Best car insurance companies in Mississippi

To pick the best Mississippi auto insurance companies, we compared their ratings from the J.D. Power Customer Satisfaction Survey, AM Best and the Better Business Bureau.  

  • Alfa Insurance came in with 4/5 stars overall from J.D. Power, scoring above average across all categories including price, policy offerings, billing process, interactions and claims process.
  • Geico earned an average rating of 3 out of 5 five stars in every category of the survey. Geico has many discounts and coverage options so you can get multiple policies from the same provider. 
  • Nationwide received an overall rating of 3 out of 5 although it scored below average in policy offerings and price. Nationwide has a variety of coverage options so you can customize your insurance plan. 
  • State Farm earned 4/5 stars, although customers found the insurer doesn’t have the most competitive prices unless the customer can take advantage of some of the many discounts 
Company J.D. Power Rating AM Best BBB
Alfa Insurance 4/5 A++ A+
Geico 3/5 A++ A+
Nationwide 3/5 A+ A+
State Farm 4/5 A++ A+

Finding the right cheap car insurance in Mississippi for you

No two individuals or auto insurance companies are alike. When searching for the best cheap car insurance, compare insurers to find the best policy for your needs. 

Cheapest Mississippi auto insurance rates for good drivers: Alfa Insurance

Good drivers with a clean record usually find the best deals. Customers that participated in the J.D. Power Customer Satisfaction Survey gave Alfa Insurance a 4/5 stars for price, making the company one of the most affordable in the survey.

Cheapest Mississippi auto insurance rates for students: State Farm

State Farm leads the competition when it comes to special student pricing. Save 25% on vehicle insurance “just for getting good grades”. According to the website, the savings last even after you graduate from college —until the age of 25.

Cheapest Mississippi car insurance for people with low credit: Geico

A low credit score can affect auto insurance rates because insurers find drivers with poor credit higher risk and more likely to file claims or not pay their premiums. Geico offers the cheapest auto insurance for low-credit drivers. A 2019 study by U.S. News found Geico’s premiums to be the lowest at $1,644 vs. $2,053 for the next cheapest provider, Nationwide.

Cheapest Mississippi auto insurance for people with a previous accident: Nationwide

Nationwide’s Accident Forgiveness Program forgives one previous accident so you can start with a clean slate and a lower premium. You have to buy it as an addition to your auto insurance, but it’s likely to offset your monthly premium increase after an accident. 

Average car insurance cost in Mississippi

Mississippi auto insurance rates rank in the middle of all states according to the Insurance Information Institute. The average insurance expenditure is $858.64 and the average cost of liability insurance only is $471.70. 

The Zebra breaks down average Mississippi auto insurance prices further by analyzing what an average driver would pay for full coverage (comprehension and collision coverage of $50K/$100K/$50K) with a $500 deductible:

State minimum insurance requirement (liability only) $603
Full coverage for a good driver with good credit history $1,662
Full coverage for drivers with a credit score of under 580 $3,410.32
Full coverage for drivers with an excellent credit score over 799 $1,555.81
Full coverage for drivers with accidents, DUI or a poor driving record $1,625.48 to $2609.46
Full coverage for an 18-year-old driver $6,716.83

Auto insurance discounts in Mississippi

Not researching what types of Mississippi auto insurance discounts are available is leaving money on the table. You could earn discounts for things you may not have realized are possible. Some of the most common discounts that can save you as much as 25% include: 

  • Anti-theft equipment that deters thieves from targeting your vehicle
  • Automatic payment plans or annual prepayment
  • Hybrid or electric vehicle discounts for eco-friendly cars
  • Good driving history discounts that increase every year you don’t have an accident
  • Good student discount for high school and college students with good grades
  • Multi-policy discounts when you bundle other products like life insurance or your homeowners’ policy
  • Vehicle safety equipment discounts for newer cars that feature equipment like collision warning and automatic braking

Here’s a quick look at how you can save more with the top Mississippi auto insurance companies:

Mississippi Car Insurance Discounts

Alfa Insurance Geico Nationwide State Farm
Anti-Theft Equipment x x x x
Automatic Payments x x
Hybrid and Alternative Fuel Cars x
Good Driving History x x x x
Good Student x x x x
Multi-Policy x x x x
Vehicle Safety Equipment x x x x

State minimum insurance requirements in Mississippi

Like almost all other states, Mississippi requires mandatory minimum levels of auto insurance. If you live and drive in the state, you must have the following minimum liability insurance coverages:

  • Bodily injury liability coverage of $25,000 per person
  • Bodily injury liability coverage of $50,000 per accident where more than one person is involved
  • Property damage liability coverage of $25,000

Frequently asked questions

What is the cheapest car insurance in Mississippi?

The cheapest car insurance rates depend on your level of coverage, deductible, driving history, credit and age. Refer to our tables above for a quick reference of how Mississippi insurance rates can vary and how you can save on your auto insurance.

What information is needed in order to get car insurance in Mississippi?

To get auto insurance, you’ll need:

  • Vehicle Information including car make, model and vehicle identification number. You can find the (VIN)on the dashboard of the driver’s side of the vehicle
  • Social security number
  • Driver’s license
  • Proof of residence such as utility bills or a lease
  • Payment in the form of a check, debit or credit card

What is the state-required amount of auto insurance I need in Mississippi?

If you live and drive in Mississippi, you must carry liability insurance with the following minimum coverage amounts:

  • Bodily injury liability coverage of $25,000 per person
  • Bodily injury liability coverage of $50,000 per accident where more than one person is involved
  • Property damage liability coverage of $25,000

How can I get the best rate on my auto insurance?

Car insurance companies offer many discounts to earn your business. To get the best rate on your auto insurance, review our auto insurance discount comparison table above and comparison shop at least three companies to find the best price. You could also choose a higher insurance deductible. In case of an accident, your out-of-pocket costs may be higher, but you may save enough on the monthly insurance premium to offset the higher deductible amount.