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Best car insurance in Mississippi for 2022
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The average cost for full coverage car insurance in the state of Mississippi is $1782 annually, according to Bankrate’s 2021 study of quoted annual premiums. Although there are only two million licensed drivers in the state, Mississippi still has one of the highest traffic fatalities in the nation. This means that while Mississippi is home to some of the most scenic and uncrowded roads in the country, it also carries its own dangers.
The right car insurance is a must before you slide behind the wheel, and Bankrate has the latest data and rates to help you find the best Mississippi car insurance for you. Our editorial team compared coverage options, third-party ratings, average rates, online tools, discounts and ease of use to determine the top options.
Best car insurance companies in Mississippi
To pick the best Mississippi auto insurance companies, we compared factors like coverage, pricing, and resources, as well as ratings from the 2021 J.D. Power Auto Insurance Study and AM Best for financial ratings. You can also compare this list with the list of best car insurance companies by Bankrate.
|Car insurance company||Average annual full coverage premium in Mississippi||J.D. Power customer satisfaction score<br /> (Southeast region)|
Alfa Insurance came in with a rating of 837/1,000 points from J.D. Power, scoring above average across all categories including price, policy offerings, billing process, interactions and claims process. Alfa Insurance is a regional provider, so it doesn’t have all the bells and whistles of larger companies, but it does offer several of the most common discounts and a few extras. Alfa also offers helpful programs like roadside assistance.
Learn more: Alfa Insurance review
Nationwide received an overall score of 831/1,000 and an excellent AM Best rating, although it scored below average in policy offerings and price. Nationwide has a variety of coverage options so you can customize your insurance plan. Options include rental car expense coverage if you need a vehicle while yours is repaired after an accident, towing and labor coverage if you break down on the road and roadside assistance coverage.
Learn more: Nationwide Insurance review
Progressive earned an average score of 828/1,000 in every category of the survey. Progressive has many discounts and coverage options so you can get multiple policies from the same provider. Progressive’s add-on options like custom parts and equipment value that can provide financial protection for things like stereos and navigation systems, rideshare insurance, roadside assistance and lease/loan payoff can help people get coverage they might not find with another provider.
Learn more: Progressive Insurance review
State Farm has a rating of 859/1,000 from J.D. Power, although customers found the insurer doesn’t have the most competitive prices unless the customer can take advantage of some of the many discounts like Steer Clear for young drivers to help them develop safe driving habits, Drive Safe and Save for anyone who shows that they drive safely, good student, vehicle safety and defensive driving courses.
Learn more: State Farm Insurance review
Average car insurance cost in Mississippi
Mississippi does not have the safest roads in the country, so it makes sense that car insurance costs a little more. At $1,782 per year, the average cost of car insurance in Mississippi is more than the national average of $1,674 per year.
|Average annual premium for minimum coverage in Mississippi||Average annual premium for full coverage in Mississippi|
State minimum insurance requirements in Mississippi
Like almost all other state insurance requirements, 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
How to get the best car insurance
When searching for car insurance, it helps to understand what options are going to be the most beneficial for you:
- Evaluate your needs: Each insurance company offers different coverage options, add-ons and discounts, making it critical to shop around. For example, you might want a provider that charges less on average for young drivers if you have teenagers, or you might want a provider that does not give as much weight to speeding tickets if you have a few on your record.
- Consider state factors: Every state requires a minimum amount of auto insurance, including Mississippi. When shopping for car insurance, consider factors such as mandatory coverage, budget, future plans, and your driving record. Also consider things like weather and distance to essential services and how that will influence your vehicle use.
Car insurance discounts in Mississippi
Finding the cheapest car insurance in Mississippi could be as simple as researching eligible discounts. Some of the most common discounts can save you as much as 25% on your Mississippi car insurance, including these popular savings programs:
- Safety discounts: Many insurance companies offer extra savings when you have a secure vehicle. This can include discounts for anti-lock brakes and anti-theft equipment that deters thieves from targeting your vehicle.
- Payment discounts: You can save money just for paying your bill with many insurance providers. These savings can include discounts for automatic payment plans or annual prepayment.
- Your vehicle: You can earn extra discounts when you drive a new car. Many insurers also offer hybrid or electric vehicle discounts for eco-friendly cars.
- Driver discounts: There are many ways that you can personally earn a discount, such as safe driver, low annual mileage or telematics-based discounts. There are also often special savings for college students, teen drivers, and members of the military.
Given Mississippi’s high rate of high traffic fatalities, insurance rates can run higher than most other states. It is especially concerning because many of these fatalities could have been prevented — a study found that half of the individuals who died were not wearing their seatbelts. To save even more, always practice safe driving and inquire about accident-free discounts that reward you with savings for every year you do not have an accident.
Here’s a quick look at how you can save more with the top Mississippi auto insurance companies:
|Alfa Insurance||Nationwide||Progressive||State Farm|
|Hybrid and alternative fuel cars|
|Good driving history||x||x||x|
|Vehicle safety equipment||x||x||x|
Frequently asked questions
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.
Bankrate Scores primarily reflect a weighted rank of industry standard ratings for financial strength (AM Best, S&P, Moody’s) and customer experience (J.D. Power, NAIC), in addition to average quoted rates from Quadrant Information Services. The J.D. Power studies utilized include the 2021 Auto Insurance Study and the 2020 Auto Claims Study. Our Bankrate editorial team’s extensive research and analysis provided a secondary assessment of each insurer’s online and mobile resources and policy management options, which also contributed to overall ratings.