Mississippi's auto insurance rates are lower than the national average, with an average annual cost of $1,505 for car insurance. The Magnolia State's best car insurance companies include USAA, Progressive, State Farm, Nationwide, and Allstate, with USAA and Progressive offering the cheapest rates. Mississippi drivers can save up to $1,533 per year by comparing quotes and choosing the best insurer for their needs. The best auto insurance offers affordable coverage, high customer satisfaction ratings, a streamlined claims process, and helpful policy management tools.
Characteristics | Values |
---|---|
Average cost of auto insurance | $2,169 per year for full coverage; $490 per year for minimum coverage |
Average cost of auto insurance for teens | $5,121 per year for 17-year-old female drivers; $5,863 per year for 17-year-old male drivers |
Average cost of auto insurance for young adults | $1,799 per year for 25-year-old female drivers; $1,907 per year for 25-year-old male drivers |
Average cost of auto insurance for adults | $1,380 per year for 35-year-old female drivers; $1,437 per year for 35-year-old male drivers |
Average cost of auto insurance for seniors | $1,247 per year for 60-year-old female drivers; $1,341 per year for 60-year-old male drivers |
Average cost of auto insurance for good drivers | $1,505 per year |
Average cost of auto insurance after a speeding ticket | $1,907 per year |
Average cost of auto insurance after an accident | $2,490 per year |
Average cost of auto insurance after a DUI | $2,742 per year |
Average cost of auto insurance for military families | $885 per year |
Average cost of auto insurance for drivers with poor credit | $2,808 per year |
Average cost of minimum coverage auto insurance | $1,435 per year |
Average cost of high coverage auto insurance | $1,584 per year |
What You'll Learn
- Mississippi's average insurance rates are lower than the national average
- The cheapest car insurance companies in Mississippi are USAA, State Farm, and Progressive
- Mississippi has the highest percentage of uninsured drivers in the US
- Mississippi drivers can save up to $1,533 per year by comparing insurance quotes
- Mississippi drivers need $25,000 of bodily injury liability insurance per person and $25,000 of property damage liability insurance
Mississippi's average insurance rates are lower than the national average
The best cheap car insurance in Mississippi is offered by State Farm, at $88 per month for full coverage, which is 41% cheaper than the state average. The average cost of full coverage car insurance in Mississippi is $150 per month, while minimum coverage costs around $55 per month.
Mississippi State University's campus in Starkville has the cheapest auto insurance rates in the state, at $130 per month for full coverage. In contrast, the most expensive rates are found in Hermanville, a small town southwest of Jackson, where full coverage insurance costs $174 per month.
When shopping for car insurance in Mississippi, it's important to consider the minimum insurance requirements, lender requirements, and individual needs. Mississippi has a high rate of uninsured drivers, so adding uninsured/underinsured motorist coverage to your policy is a wise decision. The state also experiences extreme weather, so comprehensive coverage is recommended to protect against weather-related claims.
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The cheapest car insurance companies in Mississippi are USAA, State Farm, and Progressive
Mississippi drivers are required to have auto liability coverage, including bodily injury liability and property damage liability. The cheapest car insurance companies in Mississippi are USAA, State Farm, and Progressive.
USAA was founded in the 1920s by military members and offers some of the lowest rates on the market. To be eligible for USAA membership, you must be an active, separated, or retired veteran or a family member of one. USAA also provides unique military-focused benefits and options, such as a discount for garaging your vehicle on a military base.
State Farm is ideal for budget-conscious drivers seeking the personal touch of a local agent. They offer competitive rates and a wide range of discounts, including accident-free, defensive driving course, good student, and multiple automobiles discounts.
Progressive caters to those seeking digital tools and budget-friendly coverage options. Their Name Your Price Tool allows you to input your desired budget, and they'll tailor a coverage package to meet your needs. Progressive also offers a variety of discounts, such as continuous insurance, five-year accident-free, and electronic funds transfer (EFT).
When choosing car insurance in Mississippi, it's important to consider the state's minimum insurance requirements, your lender's requirements if you have a car loan, and your individual needs, such as comprehensive coverage for weather-related claims or teen driver discounts.
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Mississippi has the highest percentage of uninsured drivers in the US
The average cost of car insurance in Mississippi is lower than the national average, with full coverage costing $2,169 annually and minimum coverage costing $490 per year. However, Mississippi is also the state with the lowest household income, which may cause many drivers not to purchase insurance.
To protect yourself financially in the event of an accident with an uninsured driver, you can add uninsured motorist coverage to your auto policy. This will cover your car repairs and medical bills if you are hit by an uninsured driver. This type of insurance is required in nearly half of US states, including Mississippi, but not in New Jersey.
Uninsured motorist rates have declined in recent years, but there are still around 28 million uninsured drivers in the US. This means that approximately one out of every eight drivers is uninsured.
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Mississippi drivers can save up to $1,533 per year by comparing insurance quotes
For example, State Farm, the cheapest car insurance company in Mississippi, offers full coverage for $88 per month, or $1,056 per year. That's a savings of $1,113 compared to the state average. Progressive, another affordable option, has an average full coverage rate of $1,331 per year. That's a difference of $838 compared to the state average.
In addition to price, there are several other factors to consider when choosing a car insurance company. Customer service is important, as you want a company that will be easy to work with if you need to file a claim. The company's financial strength and industry reputation are also worth considering, as you want to be sure they will be able to pay out your claim if you need to make one.
When shopping for car insurance in Mississippi, it's also important to keep in mind the state's minimum insurance requirements. Mississippi requires drivers to have a minimum of $25,000 in bodily injury liability coverage per person and $50,000 per accident, as well as $25,000 in property damage liability coverage. However, insurance experts generally recommend purchasing more than the minimum coverage to ensure you are adequately protected in the event of a serious accident.
By comparing quotes and considering their coverage needs, Mississippi drivers can find affordable car insurance that provides the protection they need.
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Mississippi drivers need $25,000 of bodily injury liability insurance per person and $25,000 of property damage liability insurance
Mississippi has a fault-based auto insurance system, meaning that the driver who is at fault in an accident must pay compensation for any injuries or property damage. Mississippi law requires all drivers to have auto insurance, and to carry proof of insurance.
The minimum insurance coverage required in Mississippi is $25,000 of bodily injury liability insurance per person and $50,000 per accident, as well as $25,000 of property damage liability insurance per accident. This is often written in shorthand as 25/50/25.
Bodily injury liability insurance covers the medical expenses of those harmed in a car accident, as well as legal fees, lost wages, funeral costs, and pain and suffering. Property damage liability insurance covers the cost of repairing or replacing damaged property, such as another vehicle, a building, or a mailbox.
If you cause an accident that results in serious injuries or significant property damage, the minimum liability coverage may not be enough to cover the cost of damages. In this case, you would be responsible for paying any remaining costs out of pocket. For this reason, it is generally recommended that drivers purchase more than the minimum required coverage.
The average cost of auto insurance in Mississippi is $2,169 per year for full coverage, and $490 per year for minimum coverage. These averages are well below the national averages.
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Frequently asked questions
Mississippi ranks 47th in the U.S. for the average cost of car insurance.
The average cost of auto insurance in Mississippi is $1,505 per year, which is slightly below the national average.
The minimum liability car insurance requirements in Mississippi are $25,000 in bodily injury liability insurance per person ($50,000 per accident) and $25,000 in property damage liability insurance.
The cheapest auto insurance companies in Mississippi include USAA, Progressive, State Farm, and Direct Auto.
Auto insurance rates in Mississippi are influenced by factors such as age, gender, driving record, vehicle type, and credit score.