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

Mississippi drivers pay around $1,061 per year for full car insurance coverage. Minimum coverage has an average annual cost of $444.

Various factors determine your car insurance premium, including your age, the level of coverage you choose, where you live, your driving record and your credit history. Remember that a clean driving record and good credit can lead to more affordable car insurance plans.

The average annual cost of full coverage car insurance in Mississippi is $1,061. 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 $444 annually, cheaper than the nationwide average of $595.

Mississippi's affordable rates can be attributed to various factors, including lower population density, often resulting in fewer accidents and claims. Auto repair and health care costs are also generally lower in Mississippi than in other states, leading to cheaper premiums and insurance payouts.

Car insurance premiums vary widely from one company to another, even within the same state. Mississippi Farm Bureau offers the most affordable full coverage insurance at $724 annually. Progressive has the most expensive premium, $1,573 per year.

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

Your chosen coverage level affects your car insurance cost. Minimum coverage in Mississippi costs around $37 monthly, whereas 100/300/100 full coverage with a $1,000 deductible averages $88. Despite the higher price, full coverage insurance is recommended because it offers more comprehensive protection in case of extensive damage or loss.

Adding comprehensive and collision coverage to your policy increases your premium. But you can offset it by choosing higher deductibles. Remember, the deductible applies to each comprehensive and collision coverage event.

In Mississippi, the 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 aged 22-29 face the highest premiums, up to $1,313 annually for full coverage with a $1,000 deductible. Costs decrease for older drivers: those aged 30-59 pay around $1,061, and those 60 and above pay about $957, as they tend to have fewer accidents.

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 the same coverage for a 2022 model raises the rate to $1,146 annually. Newer models attract higher insurance premiums due to their greater actual cash value, repair costs and theft risk.

Drivers with newer models should consider securing comprehensive and collision coverage. These coverages ensure protection against various incidents, safeguarding your investment in the event of accidents, natural disasters or 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: $1,331 per year; $111 per month
• With an at-fault accident: $1,712 per year; $143 per month
• With a DUI: $1,989 per year; $166 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.