Jane Dotson
The cost of car insurance in Mississippi depends on various factors, including age, gender, driving record, and credit score. The average cost of full coverage car insurance in Mississippi is $1,077 per year, while the average cost of minimum coverage is $477 per year. Mississippi's car insurance rates are relatively affordable compared to the national average, due to lower population density and lower costs of repairs and healthcare in the state.
The cheapest car insurance company in Mississippi is Direct Auto, with an average annual rate of $1,313 for full coverage. State Farm offers the best cheap full coverage car insurance in the state, at $88 per month. For minimum coverage, State Farm is also the cheapest option, with rates as low as $29 per month.
For teens, USAA offers the cheapest rates, with an average annual rate of $2,416 for female drivers and $2,770 for male drivers. For adults, USAA is again the cheapest option, with an average annual rate of $815 for women and $813 for men. Progressive is the cheapest option for seniors, with an average annual rate of $667 for women and $686 for men.
What You'll Learn
Mississippi's auto insurance costs compared to other states
Mississippi's car insurance costs are relatively low compared to other states. The average annual premium for the state's minimum coverage is $477, or about $40 per month, which is less expensive than the national average for minimum coverage. Mississippi drivers pay an average of $93 per month for auto insurance, well below the national average of $129.
The state's affordable rates can be attributed to various factors, including lower population density, which often results in fewer accidents and claims. The cost of repairs and healthcare is also generally lower in Mississippi, leading to lower insurance payouts and cheaper premiums for residents.
When it comes to specific insurance companies, State Farm and Progressive offer the cheapest rates in Mississippi. State Farm's minimum coverage insurance costs around $29 per month, 48% cheaper than the state average. Progressive has the lowest rates overall, with an average monthly cost of $63.
Mississippi's minimum car insurance requirements include $25,000 for bodily injury liability per person, $50,000 per accident, and $25,000 for property damage liability per accident. The state does not mandate uninsured/underinsured motorist coverage, personal injury protection, medical payments, or death liability.
Age is a significant factor in car insurance costs in Mississippi, with drivers aged 22 to 29 typically facing the steepest premiums. The average annual cost for adding a 16-year-old male to a family policy is $2,665, while an individual policy for the same driver would cost $5,520.
In conclusion, Mississippi's auto insurance costs are lower than in many other states, and drivers can find affordable options by comparing rates from different companies and choosing the right coverage level for their needs.
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Cheapest companies for auto insurance in Mississippi
Mississippi's car insurance rates are determined by a variety of factors, including age, gender, driving record, vehicle type, and location. The average cost of car insurance in the state is $1,505 per year, slightly below the national average of $1,543.
USAA
USAA offers the most affordable rates in Mississippi, with an average annual premium of around $1,543. However, their services are exclusive to military personnel, veterans, and their families.
Progressive
Progressive is the second most affordable option, with an average rate of $895 per year. They are a good choice for those who do not qualify for USAA coverage.
State Farm
State Farm offers the cheapest minimum liability insurance in Mississippi, at $29 per month, which is 48% cheaper than the state average. They also offer competitive rates for drivers with a clean record, as well as those with a speeding ticket or an at-fault accident.
Farm Bureau
Farm Bureau provides the cheapest insurance for young drivers in Mississippi, with minimum coverage costing $89 per month for an 18-year-old driver. They also have affordable rates for teens with a ticket or an accident on their record.
Direct Auto
Direct Auto is the cheapest option for full coverage in Mississippi, with an average annual rate of $1,649. They also offer competitive rates for minimum coverage, especially for drivers with a clean record.
These companies provide some of the most affordable auto insurance options in Mississippi. It is always a good idea to shop around and compare quotes from multiple insurers to find the best rate for your specific needs and circumstances.
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Average cost of auto insurance in Mississippi for teens
The cost of car insurance for teens in Mississippi varies depending on their age, gender, and whether they are added to a family policy or have an individual policy. For instance, the average annual cost for adding a 16-year-old male to a family car insurance policy is $2,665, the highest premium among all age groups. If a 16-year-old male opts for an individual policy, the premium jumps to $5,520.
In Mississippi, age and gender significantly affect car insurance rates. Teens under 18 typically cannot legally purchase car insurance without a guardian's co-signature.
The cost of car insurance in Mississippi is also influenced by factors such as the level of coverage, the driver's age, their driving record, and their credit score. Opting for minimum coverage costs around $40 monthly, whereas 100/300/100 full coverage with a $1,000 deductible averages $90 per month.
Mississippi Farm Bureau offers the most affordable full coverage insurance at an annual cost of $775. Shelter has the most expensive premium at around $1,459 per year for the same coverage.
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Average cost of auto insurance in Mississippi for adults
The cost of auto insurance in Mississippi depends on several factors, including age, gender, driving record, location, and credit score. On average, auto insurance in Mississippi costs $490 for minimum coverage and $2,169 for full coverage annually. That breaks down to about $41 per month for minimum coverage and $181 per month for full coverage.
The cost of auto insurance also varies depending on the city in Mississippi. Jackson, the state's largest city, has average car insurance rates that are 10% higher than the statewide average. The average cost of auto insurance in Jackson is $2,387 per year for full coverage.
Age is another significant factor influencing auto insurance rates in Mississippi. Teenagers and young adults tend to pay higher premiums due to their lack of driving experience. The average annual cost of auto insurance for an 18-year-old male in Mississippi is $6,701 for full coverage. As drivers reach their 30s, their insurance rates typically decrease, with the average cost of full coverage for a 35-year-old being around $1,437.
Other factors, such as driving record and credit score, can also impact auto insurance rates in Mississippi. For example, having a DUI on record can increase rates by 55%, resulting in an average annual cost of $3,355. Additionally, drivers with poor credit may face higher insurance rates, with some companies charging over $2,000 per year for full coverage.
Overall, while the cost of auto insurance in Mississippi varies based on individual factors, the state's average rates for minimum and full coverage are lower than the national average.
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Average cost of auto insurance in Mississippi for seniors
Mississippi drivers aged 30 to 60 garner the lowest average auto insurance costs across all ages, at $1,954 a year. This is significantly lower than the average cost of car insurance in Mississippi, which is $2,008 per year for full coverage and $490 per year for minimum coverage.
The cost of car insurance in Mississippi varies depending on factors such as age, gender, driving record, location, and credit score. For example, Mississippi drivers under the age of 20 typically pay the most for their auto insurance, with 18-year-old males paying an average of $6,701 annually for full coverage. On the other hand, the average cost of full coverage car insurance for a 35-year-old driver with a clean driving record in Mississippi is $1,313 per year.
When it comes to location, Jackson, the largest city in Mississippi, has average car insurance rates that are 10% more than the statewide average. Washington is the most expensive city in Mississippi, with an average car insurance rate of $2,309 per year, while Tupelo is the cheapest at $1,757 per year.
Additionally, credit score can impact the cost of car insurance in Mississippi. Drivers with poor credit may pay higher rates, with some companies charging over $2,000 per year for full coverage.
Overall, while the cost of car insurance in Mississippi can vary depending on various factors, it is generally lower than the national average, making it a relatively affordable state for auto insurance.
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Frequently asked questions
Mississippi car insurance isn't expensive compared to the rest of the country. The average cost of full coverage car insurance in Mississippi is $1,077 per year, or $90 per month. The national average for full coverage is $1,543 per year.
The cost of auto insurance in Mississippi is influenced by factors such as age, gender, driving record, credit score, vehicle type, and coverage level.
The cheapest auto insurance company in Mississippi varies depending on age, coverage level, and driving record. State Farm, Direct Auto, and Progressive are often among the cheapest options.
The average cost of auto insurance for a teen driver in Mississippi varies depending on age, gender, and coverage level. For a 16-year-old male, the average cost is around $2,665 per year when added to a family policy. For an individual policy, the cost increases to $5,520 per year.
To save money on auto insurance in Mississippi, consider shopping around for the best rates, maintaining a clean driving record, choosing a higher deductible, and taking advantage of discounts offered by insurance companies.
