Mississippi Car Insurance Calculator: Estimate Your Car Insurance Costs

To get accurate quotes from the leading insurance companies in Mississippi, you’ll need to provide personal information including your driving history and vehicle details. For a quick estimate for how much auto insurance will cost, you can use MoneyGeek’s car insurance calculator.

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Last Updated: 11/23/2022
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MoneyGeek’s Mississippi car insurance calculator is designed to provide you with a quick estimate of insurance costs in the state. We’ve analyzed how insurance companies calculate premiums to give you a better idea of what factors affect your car insurance costs.

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Mississippi Car Insurance Calculator: Get an Instant, Free Estimate

Getting an accurate, personalized quote from auto insurance companies in Mississippi involves submitting various personal information and can typically take around 10-15 minutes. MoneyGeek’s Mississippi car insurance calculator gives you a quick ballpark figure, while still taking into account important factors like your age, driving record, coverage levels and vehicle type.

Our calculator uses the factors that have the most impact on the cost of car insurance in Mississippi. These are adding a teen driver to your policy, the coverage level you choose and your age. However, the most significant factor for you may be different depending on your combination of characteristics.

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If you live in Mississippi, the most affordable car insurance provider for you depends on your unique circumstances and requirements. However, our calculator provides a close estimate that can help you choose the best insurer. Based on our analysis, GEICO offers the cheapest, widely-available auto insurance in Mississippi for our default driver at $399 per year on average.

Although cost is an important factor to consider while evaluating insurance companies, you also want to choose an insurer that offers the coverages you need and provides quality customer service.

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FACTORS TO CONSIDER WHEN GETTING A CAR INSURANCE ESTIMATE IN MISSISSIPPI

MoneyGeek’s auto insurance calculator quickly gives you close estimates to help you find the cheapest car insurance options in Mississippi. Browsing our collection of sample drivers can be helpful too.

Our research analyzes several aspects that leading insurers across the state consider to determine insurance rates. You can use MoneyGeek’s evaluation to find the average cost of car insurance in Mississippi.

Price is an important consideration, but so is the balance of affordability and customer service. On that basis, we classified insurance providers to help you find the best car insurance companies in Mississippi.

How Car Insurance Premiums are Calculated in Mississippi

Auto insurance providers assess multiple factors to evaluate insurance premiums. In Mississippi, the most significant factors that impact insurance rates are adding a teen driver to an existing policy, how much coverage you buy and the age of the driver.

Adding a teen driver to your family policy has the highest impact and can multiply your insurance rates by as much as 3.1x.

How Much Adding a Teen Driver Matters in Calculating Car Insurance in Mississippi

In Mississippi, adding a teen driver to an existing policy has the highest impact on the premiums you pay for your car insurance.

While adding a teen driver multiplies insurance rates by as much as 3.1x, you should also note that the age and gender of the teen driver impact the rates. For instance, adding a 16-year-old driver multiplies the rate by nearly 3.3x, whereas adding an 18-year-old driver only leads to a 2.9x increase. Also, adding a teen female driver leads to a 3x increase compared to a 3.2x increase for adding a male teen driver.

How Much Coverage Levels Matters in Calculating Car Insurance in Mississippi

It’s important to choose a policy that offers sufficient coverage at a reasonable cost because the coverage levels you choose for your car insurance have the second-largest impact on insurance rates in Mississippi.

A policy with a $300,000 bodily injury liability limit along with comprehensive and collision insurance will cost you 2.9x more than a state minimum policy that meets Mississippi laws.

This is because insurance companies may have to provide a significantly higher payout in the case of a major accident, which risk leads to higher insurance premiums.

How Much The Age of the Driver Matters in Calculating Car Insurance in Mississippi

Your is another factor that affects the cost of your insurance premiums. MoneyGeek’s age analysis found that the cheapest car insurance in Mississippi is for a 40-year-old driver and most expensive for a 19 to 20-year-old. The older driver pays as much as 2.5 less in premiums than the younger driver.

Young drivers have less experience behind the wheel and are more likely to indulge in risky driving than older drivers. This leads to a higher probability of accidents and driving violations, which is why insurers charge higher premiums for young drivers.

How Much Credit Score Matters in Calculating Car Insurance in Mississippi

Having a low credit score is another factor that can impact how much your car insurance in Mississippi costs. Drivers with poor credit pay as much as 2.1x more than those with excellent credit.

Insurance providers consider drivers with low credit scores a higher risk than drivers with good credit, as they are deemed more likely to default on timely premium payments.

How Much Car Model Matters in Calculating Car Insurance in Mississippi

The type of car you own also plays a significant role in insurance rates. If you own a sports car or a luxury car, you would have to pay a higher premium than usual. This is because repairs and spare parts for sports cars and luxury cars cost considerably more than they do for standard cars. Additionally, those car models may be at more risk of theft.

In Mississippi, insurance premium rates for sports cars and luxury cars typically cost 2x more than for standard cars like SUVs and sedans.

How to Calculate How Much Car Insurance You Need in Mississippi

The coverage level you select significantly impacts your auto insurance premium rates. Calculating how much car insurance you need in Mississippi, then, is important in terms of both protection and cost.

Mississippi drivers are required by law to have liability insurance for bodily injury and property damage. You can also consider including comprehensive and collision insurance for added protection, although Mississippi state laws do not require this.

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Understand Mississippi car insurance requirements

You can figure out how much car insurance you need by looking up Mississippi's minimum car insurance requirements. The 25/50/25 state minimum policy covers only up to $25,000 per person for bodily injury and $50,000 per accident for bodily injury. However, this coverage may not be enough in certain circumstances, especially if you’re involved in a major accident.

You can choose higher liability limits for increased protection. Additionally, because Mississippi insurance laws do not require comprehensive and collision coverage, you may wish to purchase this coverage in addition to state minimum insurance.

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Consider Purchasing Additional Liability Insurance

If you’re looking for added protection to cover costs in the event of a major accident, you may need higher liability insurance.

A policy with a $300,000 bodily injury liability limit and a $100,000 property damage limit costs $678 per year on average, whereas a policy that meets the state’s minimum requirements in Mississippi is $403 per year.

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Decide whether or not to buy comprehensive and collision insurance

Drivers in Mississippi may also decide they need a full coverage policy. Comprehensive and collision insurance as an add-on is not required by the state, but may be by your lender if your car is leased or financed. Full coverage provides financial protection against damages to your car and occupants, as well as damages to the other driver’s vehicle and passengers.

The cost of adding comprehensive and collision coverage with a $1,000 deductible in Mississippi is $395 per year on average. If you have a car that has a very low replacement value, you may decide not to add this coverage to your insurance.

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Consider buying additional protection besides these core coverages

Mississippi laws do not mandate the inclusion of uninsured/underinsured motorist coverage or personal injury protection to meet the state’s car insurance requirements.

However, at 29.4%, Mississippi has the highest rate of uninsured drivers in the country. It may be a good idea to include uninsured/underinsured motorist coverage to protect yourself if you get into an accident with an uninsured or underinsured motorist.

Personal injury protection, while again not a legal requirement in Mississippi, may be a good idea. PIP covers any medical expenses you incur after an accident and reimburses you for any lost wages due to the accident.

Frequently Asked Questions About How Car Insurance is Calculated in Mississippi

Insurance companies in Mississippi consider several factors to determine insurance premiums. If you’re wondering how to calculate insurance premiums in Mississippi, you can read the answers to some of the most frequently asked questions below.

Methodology

MoneyGeek partnered with Quadrant Data Services to get car insurance quotes from across Mississippi. Our data science team analyzed how personal factors impacted cost and incorporated our findings into our calculator to provide users with an accurate estimate of their expected yearly auto insurance costs. Read more about our methodology here.

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.