The Best Car Insurance in Mississippi
For people looking for the most affordable car insurance company, regardless of the quality of service, MoneyGeek researched cheap car insurance companies in Mississippi.
Best Full Coverage Car Insurance Companies in Mississippi: Overall
The best car insurance company in Mississippi overall is GEICO.
Mississippi’s top-rated car insurance companies in this category are:
- GEICO: MoneyGeek score of 79 out of 100 ($918 per year)
- Travelers: MoneyGeek score of 77 out of 100 ($879 per year)
To determine the best car insurance companies in Mississippi, MoneyGeek used factors such as average rates, claim ratings and customer satisfaction.
USAA scored an excellent MoneyGeek rating of 97 out of 100. Still, it wasn’t included in this analysis because its policies are exclusively available to active and retired military personnel and their families.
MoneyGeek also analyzed Mississippi's cheapest full coverage auto insurance for those looking to save money.
THE TOP CAR INSURANCE COMPANIES IN MISSISSIPPI
GEICO is tied second for user satisfaction, tied first for claims and has the second-highest affordability score. It offers mechanical breakdown insurance (MBI).
Average Annual Cost: $918
Policyholders with automobiles that are less than 15 months old and have less than 15,000 miles are eligible for GEICO's mechanical breakdown insurance (MBI). This special add-on offers better protection at a more affordable price than a typical extended warranty. It could easily lower the amount you pay out of pocket for unplanned auto repairs. The coverage, which is limited to GEICO, covers all components and systems.
Another practical GEICO coverage is accident forgiveness. Your rate won't go up if you add this endorsement to your auto insurance policy because of your first collision for which you were at fault. Drivers may purchase or earn accident forgiveness if they are over 21 and accident-free for at least five years.
The company is tied third for customer satisfaction, tied first for claims and has the highest affordability score among other companies. Travelers offers gap insurance to its customers.
Average Annual Cost: $879
Travelers offers gap insurance to customers, which helps pay for the remaining auto loan when a leased or financed car is totaled. It covers the difference between the actual cash value of the vehicle and the unpaid balance of the auto loan or lease. This is an add-on feature, available at an additional fee.
It also offers rental reimbursement, sometimes referred to as extended transportation expenses coverage, which can assist with the cost of a rental car if your vehicle is destroyed in a covered accident and rendered inoperable for a period of time exceeding 24 hours. Accident forgiveness is a feature of Travelers' Responsible Driver PlanSM that excuses one accident within a predetermined time frame, assisting in preventing premium rises brought on by sporadic accidents.
Costing an average of $1,043 annually, State Farm is ranked first for customer satisfaction, tied first for claims and third for affordability. It offers rideshare insurance.
State Farm’s add-on rideshare insurance extends all coverages in your personal auto policy like medical, emergency roadside assistance and rental car reimbursement. Also, it puts your personal policy deductible into effect while working for a rideshare company. After you start the ride, all coverages except liability insurance remain.
Nationwide’s car insurance policy has an average cost of $1,077 per year. It’s tied second for customer satisfaction, first for claims and fifth for affordability. The company offers identity theft coverage to its customers.
With Nationwide’s identity theft coverage, the company will pay up to $25,000 for any losses incurred due to fraud or identity theft with you or any of your family members. This is an add-on feature and is rarely offered by insurance providers. You can add this feature to your policy, but you will have to pay more.
Allstate offers a car insurance policy at an average annual cost of $1,052. The company is tied third for user satisfaction, second for claims and fourth for affordability. It offers portable electronics and media coverage.
Allstate’s electronics and media coverage covers the loss of tapes, compact discs and similar items used in a car’s sound system. For this coverage to apply, comprehensive coverage must be in effect. Coverage applies to the insured, including any relative or resident of the insured’s household at the time of loss.
MoneyGeek collected full coverage policy quotes for a sample driver across many locations in the state as well as claims ratings and user satisfaction data from J.D. Power and the NAIC to determine the cost of a full coverage car insurance policy in Mississippi. These quotes may be different for you depending on your profile. For more details, you can review our methodology.
MoneyGeek's Mississippi Car Insurance Resources:
Best Car Insurance in Mississippi for Customer Service
Alfa Insurance is MoneyGeek’s top pick for the best provider in Mississippi based on customer service.
These providers are the best in the state for this category:
- Alfa Insurance: MoneyGeek score of 89 out of 100
- State Farm: MoneyGeek score of 85 out of 100
Our analysis was based entirely on claim ratings and user satisfaction. The cost was not a factor for this category.
THE TOP TWO CAR INSURANCE COMPANIES IN MISSISSIPPI FOR SERVICE QUALITY
Alfa Insurance has a customer satisfaction score of 4.5 out of 5 and is also ranked 4.5 out of 5 for claims.
Alfa Insurance offers its customers an accident waiver, or accident forgiveness, available at new business, policy change and renewal. This coverage won’t increase your insurance rates after your first at-fault accident. There must have been no more than one chargeable accident within the previous 36 months for an individual to be eligible.
If your car needs to be fixed, the loss of use coverage enables you to resume driving. You may receive payment for a rented car up to the policy limits if a covered loss has rendered your covered car inoperable. You can choose the level of coverage that best suits your vehicle's needs from $30, $40, $50 and $100 per day increments.
State Farm has a customer satisfaction rating of 4.5 out of 5 and a claims rating of 4 out of 5.
Like most insurers, State Farm offers typical coverages like liability insurance, comprehensive insurance and collision insurance. State Farm also provides some of the most common auto insurance add-on coverages, including towing services and rental car and travel expense reimbursements. However, it lacks many common coverages like accident forgiveness, new car replacement, gap insurance, deductible reduction or better vehicle replacement.
With State Farm's rideshare insurance, you can receive medical protection, unexpected roadside help and reimbursement for rental cars. This feature extends all protections from your auto policy, apart from liability insurance, while you are waiting to match with or transport a passenger. However, this add-on typically comes at an additional cost.
Best Car Insurance in Mississippi for Minimum Coverage
The cheapest car insurance provider in Mississippi that meets the state’s minimum coverage requirements is GEICO.
We found that the best insurers in Mississippi for drivers on a budget are:
- GEICO: MoneyGeek score of 83 out of 100 ($382 per year)
- Nationwide: MoneyGeek score of 79 out of 100 ($433 per year)
MoneyGeek focused its analysis on companies with minimum coverage policies that balance affordability and customer service.
See MoneyGeek’s comprehensive breakdown of companies offering Mississippi's cheapest minimum coverage auto insurance for cost-conscious customers.
MoneyGeek’s Pick: GEICO
Affordable policy at an average cost of $382 per year
Offers bundling and multiple car discount
Offers discount on defensive driving
MoneyGeek’s satisfaction and claims rating of 4 out of 5
Does not offer a discount of paperless billing and full annual payment
GEICO offers an array of discount opportunities. This includes insuring more than one automobile with the provider and staying free from accidents for at least five years. In addition, if you bundle your auto insurance with another GEICO insurance product, such as a condo, renters or mobile home insurance, you also get more savings.
If a policyholder's car has anti-lock brakes, airbags or an anti-theft system, they can be eligible for discounts. These features can cut the cost of your auto insurance because they lower the risk for the insurance company. Similarly, installing daytime running lights in your car can qualify you for extra savings. You may also be eligible for an additional discount if your vehicle is new.
Best Car Insurance in Mississippi for Young Drivers and Students
Allstate is the best insurance provider for young drivers and students in Mississippi. MoneyGeek based its rankings on affordability and customer service. In this category, rates for Mississippi high school and college students in their late teens or early twenties were the subjects of MoneyGeek's review.
Following these criteria, the top insurers in Mississippi for young drivers and students are:
- Allstate: MoneyGeek score of 81 out of 100 ($2,600 per year)
- Nationwide: MoneyGeek score of 76 out of 100 ($2,843 per year)
MoneyGeek found that these two are the best insurers for new drivers, student drivers and young drivers within the state. To assist you in saving money, MoneyGeek also determined Mississippi's cheapest car insurance for young drivers.
MoneyGeek’s Pick: Allstate
Affordable auto policy at $2,600 per year on average
Offers good student, drivers education and distant student discount
Claims and user satisfaction rating of 3.5 out of 5
Adding a young driver to a full coverage policy can be expensive. However, Allstate makes the process reasonably affordable while maintaining good customer service. It's important to consider that the customer service of an insurance provider is an essential aspect of being happy with your choice of insurance since you will have to contact the company when filing a claim. Good customer service can make the process easier.
If you're a full-time student getting excellent grades in school, Allstate will provide you with a discount. You can also finish the teenSMART driving education course for even more savings. In addition, if you're a student attending school 100 miles from home, you can reduce your premiums even further by taking advantage of an additional discount.
Best Car Insurance in Mississippi for Seniors
Based on the cost of auto insurance for seniors and customer feedback, MoneyGeek awarded the best Mississippi carriers a score. These two organizations came out on top:
- State Farm: MoneyGeek score of 82 out of 100 ($1,017 per year)
- GEICO: MoneyGeek score of 79 out of 100 ($1,069 per year)
These ratings balance price and client satisfaction. MoneyGeek also analyzed the most affordable Mississippi auto insurance for senior individuals more concerned about cost.
MoneyGeek’s Pick: State Farm
One of the most affordable companies for seniors at $1,017 per year
Provides coverage for rideshare services, rental cars and/or travel expenses
Discounts for defensive driving
Excellent customer satisfaction ratings and MoneyGeek claims
Does not offer full payment reductions or paperless payment incentives, which are regularly provided by other businesses
Doesn't provide discounts for seniors
Your auto insurance costs increase as you age, usually beginning at 65. State Farm offers fair pricing, given the excellent level of its services and track record for customer satisfaction. This insurer also achieved an outstanding rating for claims.
Seniors who completed a defensive driving course are eligible for a discount from State Farm. Additionally, State Farm may cover your deductible up to $500 if in a collision involving your rental car. For rideshare employees, State Farm's rideshare insurance ensures emergency roadside assistance and rental car reimbursement coverage.
Best Car Insurance in Mississippi for Bad Driving Records
Mississippi drivers with an at-fault accident on their records will find that State Farm is the best insurer in the state. MoneyGeek’s evaluation is based on customer service and cost.
Based on these factors, the best insurers in Michigan for drivers with poor driving records are:
- State Farm: MoneyGeek score of 85 out of 100 ($1,254 per year)
- Travelers: MoneyGeek score of 84 out of 100 ($997 per year)
These companies balance affordability with great customer service after an accident. MoneyGeek also examined the cheapest car insurance in Mississippi for drivers with a DUI, or other driving offense, primarily concerned with savings.
MoneyGeek’s Pick: State Farm
Affordable car insurance policy at roughly $1,254 per year
Offers roadside assistance and rental car cost or travel costs reimbursement
User satisfaction rating of 4.5 out of 5
Claims rating of 4 out of 5
Does not offer accident forgiveness, new car replacement, gap insurance, deductible modification and better car replacement
State Farm has one of the best car insurance policies for people with poor driving records at roughly $1,254 annually. It has a claims rating of 4 out of 5 and 4.5 out of 5 for user satisfaction.
The company offers the following coverages:
- Roadside Assistance: This helps you pay for assistance services like towing, flat tire replacement and more if your car breaks down on the road.
- Travel Costs Reimbursement: If your vehicle is damaged in an accident, the company covers the cost of a rental car or other transportation costs.
- Rideshare Insurance: When you work for a rideshare operator, State Farm's rideshare insurance ensures that your personal auto policy's coverage for medical expenses, emergency roadside assistance and rental car reimbursement is maintained.
Best Car Insurance in Mississippi for a Military Background
MoneyGeek’s analysis shows that USAA is the best insurance provider in Mississippi for veterans and people with a military background. It has a MoneyGeek score of 97 out of 100.
A minimum coverage policy with USAA costs an average of $296 per year. But military drivers with an at-fault accident on their record should expect to pay an average of $888 per year for the same policy.
MoneyGeek’s Pick: USAA
An affordable full coverage policy for drivers with a bad driving record at around $888 per year
Offers rideshare insurance and new vehicle discount
User satisfaction rating of 4.5 out of 5
Claims rating of 5 out of 5
Only available for military families
USAA is one of the most reputable insurance companies in the country, with good customer service and affordable rates.
This company offers the following coverages and discounts:
- Rideshare Insurance: It provides coverage while working for a rideshare company and fills the gap between your personal auto policy and the rideshare company’s commercial policy.
- Accident Forgiveness: If you remain accident-free for five years, an auto policy surcharge will not be assessed for your first at-fault accident.
- New Vehicle Discount: You’ll get a discount if your car is three years old or newer.
- Multiple Car Discount: You can save on car insurance if you insure more than one car with USAA.
Best Car Insurance in Mississippi for Those With New Cars
Travelers is the highest-rated insurer in Mississippi, offering new or better car replacement coverage. It has a MoneyGeek score of 77 out of 100.
New car replacement coverage pays for the cost of replacing your car with a similar make and model if it’s totaled within a specific timeframe. But, with better car replacement coverage, you can get the most recent model of your damaged vehicle. However, these coverages aren’t part of your standard policy — additional fees apply.
MoneyGeek’s Pick: Travelers
Offers an affordable car insurance policy at $879 per year
Offer new car replacement coverage
Claims rating of 4 out of 5
Does not offer better car replacement
User satisfaction rating of 3.5 out of 5
Travelers is an excellent fit if you have recently started driving as this company offers new car replacements to its customers. This is an essential feature in an insurance policy as your car loses its value after driving off the lot. This coverage reimburses you for the vehicle's actual worth (before damage).
With this company’s premier new car replacement, you can get a brand new car of the same make and model if you total your car in the first five years. Any applicable deductibles are not included in Travelers' new automobile replacements. Gap coverage is also included, which pays the difference between the vehicle’s actual value and the outstanding loan or lease.
Best Car Insurance in Mississippi for Low-Mileage Drivers
In Mississippi, Nationwide is the best insurer for pay-per-mile coverage.
Most insurance providers are expanding the use of cheap low-mileage programs or pay-per-mile programs, where the cost of your premium depends on the number of miles you drive.
MoneyGeek’s Pick: Nationwide
It offers good rates for low-mileage drivers
MoneyGeek user satisfaction and claims rating of 4 out of 5
It’s not useful if you are a frequent driver
In Mississippi, Nationwide offers their SmartMiles program, a mix of pay-per-mile and driving behavior. It has a base rate and a variable rate depending on how many miles you drive, and it offers you a discount for safe driving. This program only counts the first 250 miles in a day while you’re on a road trip.
SmartRide tracks the distance traveled and the amount of time spent stuck in traffic and nighttime driving. Your rates can only be discounted; they cannot increase. It provides you with tailored feedback so you can choose to drive even more safely. When you sign up, you'll receive a 10% discount right away and up to 40% at renewal.
How to Find the Best Car Insurance in Mississippi For You
While shopping for the best car insurance policy, consider the company which balances cost, financial stability and customer service. MoneyGeek has collected this information for you, but you can also look for the best company yourself.
Research customer service reputations in Mississippi
While MoneyGeek collected car insurance quotes for a sample driver across different locations in the state, you can look up J.D. Power satisfaction scores and the NAIC complaint scores to decide about the best insurance company. The website of Mississippi’s insurance department can also provide more information.
Compare quotes for yourself
MoneyGeek collected car insurance data for many different locations in Mississippi. However, the data may not be for every area. You should always get quotes from three insurers and compare their rates to see if they offer a policy that fits your needs.
Make sure the company has coverages you want in Mississippi
The insurance companies advertise certain discounts and coverage, but it’s possible these offers may not be available for every state. Always check with the insurance provider if they offer the policy which is the best fit for your requirements.
Double-check financial stability ratings
You should check the financial strength rating of an insurer as financially unstable companies can delay the processing of claims. Usually, large insurance companies tend to be financially stronger, but regional insurance companies in Mississippi may have lower ratings.
FAQs About the Best Car Insurance in Mississippi
The best insurance policy is the one that meets your needs. The following frequently asked questions may help you make an informed decision.
About Mark Fitzpatrick
- Insurance Information Institute. "What determines the price of an auto insurance policy?." Accessed September 25, 2021.