How Much Is Car Insurance in Mississippi? (2022 Averages)

Mississippi drivers spend an average of $1,112 per year on car insurance, which is among the cheapest in the country. It is also cheaper than the $1,424 national average. MoneyGeek compared averages from various insurers and locations for one sample driver. This guide breaks down averages by coverage level, location, age, driving history and credit score.

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Last Updated: 11/25/2022
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Car insurance premiums in Mississippi can vary widely depending on the type of policy and your driving background. For example, the average cost of car insurance in Mississippi is $1,112 per year, but drivers who purchase a minimum coverage policy only pay $523 per year. Rates for Mississippi drivers with violations are typically higher, at an average of $1,370 per year. Adding a young driver to your policy will increase your costs to an average of $3,203 annually.

The company you choose can also have a significant impact on the cost of your car insurance premiums. For instance, a full coverage policy from Travelers costs an average of $879, while the same coverage from Progressive costs $1,523 per year.

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Methodology

Why Trust MoneyGeek? Mississippi car insurance rates in this study are based on our analysis of data and information from the Mississippi Department of Insurance and Quadrant Information Services.

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These rates were updated in September 2022 to reflect how car insurance rates in Mississippi have changed up to this month.

3,312

Quotes Analyzed

 
9

Companies Compared

 
23

ZIP Codes

The Average Cost of Car Insurance in Mississippi

MoneyGeek evaluated average car insurance costs based on the factors that have the most impact on policy rates in the state.

The most significant factors that affect Mississippi car insurance rates are the driver’s age and credit score.

Click to learn more about average costs based on driver profile.

Average Costs of Car Insurance in Mississippi

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  • Driver
    Average Annual Premium
    Average Monthly Premium
  • The Average Driver
    $1,112
    $93
  • Drivers Buying Minimum Coverage
    $523
    $44
  • Adding a Young Driver
    $3,203
    $267
  • Drivers With a Violation
    $1,370
    $114
  • Drivers With Poor Credit
    $1,867
    $156
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Why are Car Insurance Rates Cheap in Mississippi?

MoneyGeek found that Mississippi is among the top 20 states with the cheapest car insurance rates in the country due to low traffic density, low urban share of its total population and low risks for natural disasters.

Mississippi ranked 48th in terms of shares of urban populations with 49%, which means it has one of the lowest shares. Urban areas tend to have higher car insurance rates due to more congestion and accidents.

Additionally, the state has a low highway traffic density. It ranks 33rd among all states. It also has a lower disaster risk compared to other states.

Average Cost of Car Insurance in Mississippi: Full Coverage vs. Minimum Coverage

The average cost of full coverage car insurance in Mississippi, as defined by MoneyGeek’s methodology, is $1,112 per year, while a minimum policy costs an average of $523 annually. That is a $589 difference.

Auto insurance rates will vary greatly depending on how much coverage you buy. Choosing to have liability coverage only will be a cheaper option. If you choose full coverage insurance, which includes comprehensive and collision coverages, you will be paying more.

Average Cost of Car Insurance in Mississippi by Coverage Level

A state minimum policy in Mississippi is the most affordable car insurance policy you can purchase.

If you purchase a minimum coverage policy, you can also opt to increase your liability limits to 50/100/50 or 100/300/100. For instance, a 50/100/50policy will have the following limits:

  • $50,000 in bodily injury liability insurance per person
  • $100,000 in bodily injury liability insurance per accident
  • $50,000 in property damage liability insurance per accident

You can also opt for a full coverage policy, which includes comprehensive and collision insurance. This type of policy will reimburse you if your car gets damaged.

Average Cost of Car Insurance in Mississippi By Company

The insurance provider you choose will affect auto insurance costs. Each company calculates premiums differently and will give you varying rates.

For cheap liability-only auto insurance, USAA is the most affordable option in Mississippi. However, its policies are only available to military families. The cheapest widely available option based on average rates is GEICO.

USAA is also the cheapest option for full coverage. But for non-military families looking for cheap full coverage car insurance, the most affordable option is Travelers.

Based on average rates, the company with the most expensive rates for both liability-only and full coverages is MetLife.

Average Annual Costs of Car Insurance in Mississippi - By Company

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How Much Is Car Insurance in Mississippi by Age?

Age will have an impact on average car insurance costs in Mississippi. Young drivers tend to have higher rates since insurers consider them risky and more likely to have accidents.

A 40-year-old driver buying a policy pays $1,112 annually on average. A 16-year-old could pay an annual average rate of $3,203. This is a $2,091 difference.

Young drivers looking to save money on insurance premiums can do so by opting to be added to their parent’s car insurance policy.

Typically, first-time drivers are treated the same as young drivers in Mississippi and will get similar rates.

Average Costs of Full Coverage Car Insurance in Mississippi - By Age

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  • Age
    Annual Premium
  • $3,203
  • $3,054
  • $2,680
  • $2,748
  • $2,342
  • $1,850
  • $1,724
  • $1,511
  • $1,406
  • $1,263
  • $1,148
  • 40
    $1,112
  • $1,062

How Does Driving History Affect Car Insurance Costs in Mississippi?

High-risk drivers, such as those with traffic violations on record or who have been in road accidents, pay more for car insurance in Mississippi than drivers with a clean record. For example, a driver with a clean driving record pays an average of $1,112 per year. Having a speeding ticket increases that average rate by $258 for a total of $1,370 per year.

That said, drivers with a bad driving record can still find affordable auto insurance in Mississippi by shopping around.

Average Costs of Full Coverage Car Insurance in Mississippi - By Driving History

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  • Driving Violation
    Annual Premium
  • Safe Driver
    $1,112
  • Speeding Ticket
    $1,370
  • At-Fault Accident
    $1,768
  • DUI
    $1,953
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Credit Scores and the Cost of Car Insurance in Mississippi

Credit score has a significant role in determining Mississippi car insurance rates. Having a good to excellent credit score can help you save on auto insurance.

Individuals with a poor credit score in Mississippi pay an average of $1,867 per year, which is $755 more than the rate for people with a good credit score. Meanwhile, those with excellent credit scores pay an average of $194 less than a person with a good credit score.

A poor credit score will result in higher premium rates. But you can still find affordable options for drivers with bad credit in Mississippi.

Average Costs of Full Coverage Car Insurance in Mississippi - By Credit Score

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  • Credit Score
    Annual Premium
  • Excellent
    $906
  • Good
    $1,100
  • Fair
    $1,310
  • Below Fair
    $1,544
  • Poor
    $1,867

How Much Is Car Insurance in Your City?

MoneyGeek used car insurance rates from the city of Jackson for this analysis.

Generally, the cost of auto insurance can vary greatly within a state due to different factors. Insurance companies evaluate individual circumstances and consider the location.

Drivers pay higher premiums if they live in more densely populated cities with a higher chance of road accidents or natural disasters. Those residing in cities with higher theft and vandalism rates also tend to have more expensive car insurance plans.

Average Costs of Full Coverage Car Insurance in Mississippi - By City

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Frequently Asked Questions About Mississippi Car Insurance Rates

Here are some of the most commonly asked questions about Mississippi car insurance rates.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.