How Much Is Car Insurance in Mississippi? (September 2024)

Mississippi drivers can expect to pay around $1,126 each year for full car insurance coverage. For minimum coverage, the yearly cost lowers to about $461.

Your age, chosen coverage level, location, driving behavior and credit score determine your car insurance premium. Remember that better credit or a clean driving record can lead to more affordable car insurance.

The average annual cost of full coverage car insurance in Mississippi is $1,126. Knowing the average price of car insurance helps determine if you're getting a fair quote from providers. Comparing car insurance quotes helps ensure your choice is affordable and suitable for your needs.

The table below shows what you might pay monthly or annually for minimum or full coverage.

Car insurance in Mississippi costs less than the national average. The state average premium for minimum coverage is $461 annually, compared to the national average of $615.

Mississippi's lower rates are due to several factors, including lower population density, which leads to fewer accidents and less traffic congestion. Mississippi's auto repair and health care costs are generally lower, resulting in fewer or lower-cost claims. The competitive insurance market in the state also helps keep premiums down.

Car insurance premiums vary widely from one company to another, even within the same state. Direct General Insurance offers the most affordable full coverage insurance at $778 annually. Progressive has the most expensive premium, $1,607 per year.

Compare quotes from various providers to secure the cheapest car insurance in Mississippi and save money.

In Mississippi, car insurance costs vary based on the level of coverage. Minimum coverage typically costs about $38 per month, while full coverage with a $1,000 deductible averages $94 per month. Full coverage insurance is often recommended for better protection, despite the higher cost.

Adding comprehensive and collision coverage will increase your premiums, but choosing higher deductibles can help manage this cost. Keep in mind that the deductible applies separately to each comprehensive and collision claim.

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. Uninsured/underinsured motorist coverage, personal injury protection (PIP), medical payments and death liability are not mandated.

In Mississippi, car insurance costs vary by age. Drivers under 30 pay the highest premiums, averaging $1,400 annually for full coverage with a $1,000 deductible. Costs decrease for older drivers, as they generally have fewer accidents: those aged 30 to 59 pay about $1,126, and seniors aged 60 and above pay around $1,013.

In Mississippi, age and gender significantly affect car insurance rates. The average annual cost for adding a 16-year-old male to a family policy is $2,665, the highest premium among all age groups.

Teens under 18 cannot legally purchase car insurance without a guardian's co-signature. If a 16-year-old male opts for an individual policy, the premium jumps to $5,520.

The average annual cost for full coverage on a 2012 model is $946, while for a 2022 model, it rises to $1,146. Newer models have higher insurance premiums due to their greater cash value, repair costs, and theft risk.

Drivers with newer models should consider comprehensive and collision coverages that offer financial protection against accidents, natural disasters and theft.

The average cost of car insurance in Mississippi varies based on your driving record. Here's what you might expect to pay:

• With a ticket: $1,411 per year; $118 per month
• With an at-fault accident: $1,821 per year; $152 per month
• With a DUI: $2,112 per year; $176 per month

In Mississippi, more severe violations mean higher car insurance payments. Violations stay on your record and affect your premiums for years. For example, a DUI in Mississippi stays on your record for five years.

The table below shows the average cost of car insurance in Mississippi by coverage level and age group.

Mississippi drivers can expect to pay anywhere from $707 to $1,758 per year for car insurance, depending on their credit score. A good credit score ranges from 670 to 739 and could significantly lower insurance rates. The annual cost for good credit is about $836, while a lower score could drive your costs much higher.

Understanding that your credit score can impact your car insurance rates is key. Higher scores often lead to more affordable premiums because insurers view a higher credit score as an indicator of financial responsibility and lower risk.

Understanding what affects your car insurance rates in Mississippi is essential for finding the proper coverage. Here are the key factors:

• Driving record: A clean driving record can lead to more affordable car insurance premiums. Speeding tickets, accidents and DUIs typically raise rates due to higher risk.
• Age and gender: Younger drivers, especially males, often face higher rates due to statistically higher accident rates. However, rates tend to become more favorable as drivers age.
• Vehicle type: Your car's make, model and age can impact your rate. High-value or sports cars may have higher premiums due to repair costs and theft rates.
• Coverage level: Opting for state minimum coverage can be cheaper upfront but offers less protection. Adding comprehensive insurance or collision insurance raises costs but provides broader coverage.
• Credit score: Mississippi insurers may consider credit history when determining rates. A higher credit score could result in lower insurance costs.
• Location: Urban areas with higher traffic density and theft rates might see increased premiums compared to rural areas.
• Claims history: A history of claims can suggest to insurers that you're more likely to make future claims, potentially increasing your premiums.
• Driving habits: The more you drive, the higher the probability of an incident. Mississippi residents with long commutes or who drive frequently might see higher rates.

To get affordable car insurance in Mississippi, shop around for the best rates, raise your deductible and take full advantage of car insurance discounts.

We answer frequently asked questions about the average cost of car insurance in Mississippi, factors that affect costs and how you can save on your premium.