Mississippi Car Insurance Calculators: Cost & Coverage

• The rates on this page come from insurer filings collected by Quadrant Information Services; they include Mississippi Farm Bureau, the cheapest full-coverage insurer in the state, which doesn't appear on most national comparison websites.
• Mississippi Farm Bureau sells only through local agents, requires county Farm Bureau membership, and doesn't offer instant online quotes. That distribution model keeps it invisible to comparison aggregators. A driver who used a national comparison website to shop may never have seen its rates. MoneyGeek's dataset captures it.
• The rates reflect a 40-year-old male driver with good credit, a clean record and a 2012 Toyota Camry. Your actual rate will vary. The factors that move it most are in the section below.

Which insurance company you choose makes the biggest difference to your price in Mississippi. Farm Bureau charges $95 a month for full coverage, which is the most complete type of insurance. Farmers charges $157 a month for that same full coverage. That's $62 a month, or $744 a year, for the same driver. Switching from Farmers to Farm Bureau saves $62 a month. Dropping from full coverage to the state minimum only saves $67 a month. Picking the right company saves as much as cutting your coverage entirely, and you keep all your protection.

Farm Bureau also doesn't show up on most national comparison websites, because it only sells policies through local agents. You also have to join your county's Farm Bureau organization before you can buy. A driver who used a comparison website has likely never seen Farm Bureau's prices. Ten companies sell car insurance in Mississippi but most comparison websites only show eight or nine of them, so you may be missing the cheapest option if you only use those sites.

The best way to see all your options is to call a Mississippi Farm Bureau agent directly, or ask an independent insurance agent to include Farm Bureau when they get you prices. See MoneyGeek's cheapest car insurance in Mississippi guide for a full comparison.

Where you live affects your rate, but the difference between the most expensive city in Mississippi and the cheapest city is only $10 a month. That's much smaller than the $62 a month difference between the cheapest and most expensive insurance companies.

Biloxi is the most expensive city in Mississippi for minimum coverage, at $63 a month. Many people assume the state capital, Jackson, would cost the most, but it's second at $62. Meridian is the least expensive at $53. Biloxi sits on the Gulf Coast, so it gets hit by both hurricane and storm damage and has higher crime rates than cities farther inland. Insurance companies charge more when they pay out more claims in an area, so Biloxi drivers pay more.

For most Mississippi drivers, where you live isn't where the savings are. Moving from the most expensive city to the least expensive saves $10 a month. Switching insurance companies can save $62. Improving your credit from poor to good can lower your monthly bill by $142.

Your age has the biggest effect on your price when you're young. In Mississippi, young drivers pay more than twice what adult drivers pay. And the single biggest price drop you'll get in one year happens when you turn 19, not when you turn 25, which is what most people expect.

When a young driver in Mississippi turns 19, their monthly price drops by $121 on average. Turning 25 only drops the price by $19 a month, which is about six times less than the drop at 19. If you wait until 25 to look for a better price, you're leaving years of savings behind. The common advice of waiting until you're 25 to get cheaper insurance is wrong in Mississippi. Following it means paying more than you have to for years.

Turning 19 is also a good time to shop for a new insurance company, not just let your current policy renew automatically. The company that's cheap for adults can be the most expensive for your teenager. In Mississippi, the cheapest company for a teenager charges $265 a month less than the most expensive company for that same teenager. That's $3,180 a year in savings, just from picking the right company. Getting new quotes when a driver turns 19, instead of just letting the policy automatically renew, is how you capture the second round of savings.

Your credit score can raise or lower your monthly insurance bill by up to $130. But at five of the ten insurance companies in Mississippi, getting a better credit score (going from Good to Excellent) makes your bill go up, not down.

For car insurance in Mississippi, the best credit level to aim for is Good, not Excellent. Drivers with good credit average $125 a month for full coverage. Drivers with excellent credit average $137 a month, which is $12 more than drivers with good credit. That means working hard to improve your credit score past Good can actually raise your insurance bill at most companies here. Drivers with poor credit average $267.

But not every company does this. At Allstate, moving from Good to Excellent adds $86 ($1,032/year) to your bill. At Farmers it adds $16. At Farm Bureau, $13. At the companies where better credit does lower your price, moving from Good to Excellent saves between $4 and $22 a month. Mississippi insurance companies don't automatically re-check your credit while your policy is active. So if your credit score improves, your price won't change at renewal unless you go get new quotes from other companies. You won't know whether your company charges you more or less for a better score until you get a new quote.

Your driving history affects your price starting with the very first incident, including accidents that were not your fault. On average in Mississippi, a not-at-fault accident adds $11 a month to your bill, because insurance companies treat any accident on your record as a sign of higher risk.

Here's how much each type of incident raises your monthly price compared to having no incidents at all: a not-at-fault accident adds $11 ($132/year). A speeding ticket adds $32. An at-fault accident adds $68 ($816/year). A DUI adds $91 ($1,092/year). Mississippi keeps these incidents on your driving record for 3 years. After 3 years, the incident comes off your record and your price should go down, but only if you get new quotes.

Which company you're with determines how much a ticket or accident actually costs you. Four companies (Farm Bureau, Shelter, Safeway, and Nationwide) charge nothing extra for a not-at-fault accident. Farmers charges $54 a month more for the same not-at-fault accident. A driver who was hit by someone else and stays with Farmers will pay an extra $1,944 over 3 years, for an accident that was not their fault.

The DUI surcharge varies even more by company. GEICO's post-DUI rate averages $378, the highest in the state, which is more than $160 above the state average of $216. A driver who chose GEICO because it was cheap before a DUI now pays more for that DUI than at any other company in Mississippi. Starting in your 37th month after the conviction, when both the 3-year record period and your SR-22 requirement end at the same time, is when you should get new quotes. Your price could drop by as much as $91 a month at that point, once the violation comes off your record.

Switching from full coverage to the minimum required by law saves $67 a month in Mississippi. But the minimum only covers up to $25,000 per injured person and $50,000 per crash. If a crash costs more than those amounts, you personally have to pay the difference.

Mississippi law requires your insurance to cover at least $25,000 if you injure one person, $50,000 if you injure multiple people in one crash, and $25,000 for damage to other people's property. Those have been the lowest amounts allowed by law since 2006. A serious crash with several injured people can easily cost more than $50,000. In Mississippi, if the bills go above what your insurance covers, you pay the rest yourself.

Choosing minimum coverage also means you lose two other protections: collision coverage, which pays to repair your own car if you crash it, and comprehensive coverage, which pays if your car is stolen or damaged by weather. Whether those coverages are worth keeping at your vehicle's current value is the decision Factor 7 covers.

Whether it's worth paying for comprehensive and collision coverage depends on how much your car is worth. In Mississippi, that decision is more complicated than in most states, because the state has two different types of major weather risk, and which one applies to you depends on where you live.

According to NOAA, the federal weather agency, Mississippi was hit by 108 major weather disasters between 1980 and 2024. Fifty of those were severe storms: tornadoes, hail and high winds. Twenty-two were tropical cyclones, which include hurricanes. In recent years, Mississippi has been hit by about 6 major weather events per year, which is more than double the historical average of 2.4 per year. That means the risk of weather damage to your car has gone up, not down. Drivers who live inland, away from the coast, deal primarily with tornado and severe storm risk. Drivers near the Gulf Coast, like those in Biloxi and Gulfport, have both that storm risk and hurricane risk. Dropping comprehensive coverage when your car is worth less than a certain amount is best for states with only one type of weather risk. It doesn't apply in Mississippi, where you may be exposed to both tornadoes and hurricanes depending on where you live.

To decide if comprehensive and collision coverage are worth it, compare what you pay for both coverages in a year against how much your car is currently worth minus your deductible. Your deductible is the amount you pay out of your own pocket before insurance covers the rest. Because weather events in Mississippi have been happening more often in recent years, a car that might not be worth insuring against weather damage in a calmer state may still be worth keeping covered here.

Bodily injury liability coverage pays the medical bills, lost wages, and legal costs of other people if you cause a crash and hurt them. Mississippi's minimum is $25,000 per person and $50,000 per crash, per the Mississippi Insurance Department. Because Mississippi is an at-fault state, if a court orders you to pay more than your insurance covers, the court can go after your personal money and property to collect the difference. 

The recommendation may show higher amounts than the minimum if you own things worth protecting (a car with a loan, savings, or property), because the minimum may not cover the full cost of a serious crash.

Property damage liability pays for damage you cause to other people's cars, buildings, or other property when you're at fault in a crash. Mississippi's minimum is $25,000 per crash, per Mississippi Code § 63-15-3. A newer car can cost more than $25,000 to replace. If you destroy someone's car and its value is higher than your coverage limit, you pay the difference yourself.

Uninsured and underinsured motorist coverage pays your medical bills and car repair costs when the driver who hit you has no insurance, or not enough insurance to cover what they owe you. Without this coverage, you may have to pay those costs yourself. Mississippi Code § 83-11-101 requires insurance companies to include this coverage in every policy; you must sign a form to remove it. Mississippi had more uninsured drivers than any other state in 2023, at 28.2%, per the Insurance Research Council. 

Your recommendation includes this coverage because Mississippi law requires every policy to offer it, and because Mississippi has more uninsured drivers than any other state, so the chance you'll need it is higher here. If you chose to remove this coverage on a previous policy, call your insurance company and ask to add it back when your policy renews.

Collision coverage pays for damage to your own car from a crash, regardless of fault. Comprehensive coverage pays for damage to your car from things other than a crash, including theft, fire and weather damage like hail, tornadoes, or flooding. The federal weather agency NOAA confirms Mississippi has been hit by 50 major severe storms and 22 major hurricanes or tropical storms since 1980, each causing over $1 billion in damage. 

Drivers who live inland carry tornado and severe storm risk; drivers near the Gulf Coast in Biloxi and Gulfport carry both that risk and hurricane risk. If your car has a loan, your lender requires you to keep collision and comprehensive coverage until the loan is paid off. If you own your car outright, these coverages are in your recommendation because your car's value and the weather risk in your area suggest they're worth the cost.

An SR-22 is a form that your insurance company sends to the Mississippi Department of Public Safety. It confirms that you have at least the minimum required insurance. It is not a type of insurance; it is a document that proves your coverage exists. Mississippi requires SR-22 filings after a DUI conviction, driving without insurance, a hit-and-run, or a license suspension, among other events. Under Mississippi Code § 63-15-61, you must keep the SR-22 active for 3 years.

If your insurance runs out or is canceled while you have an SR-22 requirement, the Mississippi Department of Public Safety is automatically notified and will usually suspend your license again. The 3-year clock also restarts from the beginning. If you need an SR-22 but don't own a car, you can get a non-owner insurance policy that still satisfies the requirement. For more detail on post-DUI coverage in Mississippi, see MoneyGeek's SR-22 car insurance in Mississippi guide.

1. Get a Mississippi Farm Bureau quote. Farm Bureau is the cheapest full-coverage insurance company in Mississippi for most driver types, including young drivers, drivers with a DUI, seniors and drivers with speeding tickets. It sells only through local agents, isn't listed on comparison websites, and requires a county Farm Bureau membership to buy. Call a local Farm Bureau agent directly, or ask an independent insurance agent to include Farm Bureau in the quotes they pull for you. The difference between Farm Bureau at $95 a month and the most expensive company at $157 a month is $744 a year.
2. Get new quotes on the 19th birthday, not the 25th. The biggest single-year price drop in Mississippi happens when a young driver turns 19; their monthly price falls by $121 on average. The 24-to-25 birthday brings only $19. If you have a young driver in your household and you're waiting until they turn 25 to look for a better price, you've already missed the bigger savings. Get new quotes on the 19th birthday and compare. The company that's cheapest for the adult in the household may not be the cheapest for the 19-year-old.
3. Get new quotes any time your credit score changes. Insurance companies in Mississippi don't automatically check your credit again when your policy renews. That means if your credit score has gone up, your price won't drop on its own; you have to go get new quotes. And because improving to Excellent credit raises the price at five of the ten companies in Mississippi, getting new quotes isn't just a good idea; it's how you find out whether your better score actually lowers your bill or raises it. Get new quotes before assuming that your next bill automatically reflects your improved credit score.
4. Get new quotes immediately after a not-at-fault accident. In Mississippi, most insurance companies raise your price by $11 a month after a not-at-fault accident, even though the accident wasn't your fault. Some companies charge even more. The time to get new quotes is before your policy renews, because that's when the extra charge first shows up on your bill. Four companies in Mississippi charge nothing extra for a not-at-fault accident. If your company does charge extra, switching before your policy renews means you avoid paying more for an accident you didn't cause.