The Cheapest Car Insurance in Mississippi for 2022

On average, GEICO provides the cheapest car insurance in Mississippi at $396 per year for a minimum liability coverage policy.

MoneyGeek evaluated car insurance rates in Mississippi to help you find the cheapest option based on your driver profile. We found that Allstate is ideal for young drivers, while Mississippi Farm Bureau provides the most affordable rates for seniors. Overall, you can save around $877 annually on your car insurance payments by shopping around and comparing quotes.

REVIEW AUTO INSURANCE RATES

Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

widget-location-pin
Advertising & Editorial Disclosure
Last Updated: 12/1/2022
Edited By     |  
Written By     |  
iconribbonCheapestAuto InsuranceMississippi2022

The Cheapest Car Insurance in Mississippi

For a more thorough analysis of car insurance rates, MoneyGeek broke down the cheapest auto insurance providers in Mississippi by city. We also looked at the best car insurance companies in Mississippi based on the insurer’s affordability and customer service.

This is an icon

Methodology

Why Trust MoneyGeek? Mississippi car insurance rates in this study are based on our analysis of data and information from the Mississippi Department of Insurance and Quadrant Information Services.

This is an icon

These rates were updated in August 2022 to reflect how car insurance rates in Mississippi have changed up to this month.

3,312

Quotes Analyzed

 
9

Companies Compared

 
23

ZIP Codes

Cheapest Minimum Liability Car Insurance in Mississippi

The most affordable car insurance in Mississippi is a minimum liability coverage policy. This meets the mandatory coverage limits of the state.

The cheapest minimum liability car insurance coverage in Mississippi is offered by:

  • GEICO: $396 per year
  • Mississippi Farm Bureau: $425 per year

USAA is the most affordable car insurer for military members at roughly $307 per year. However, it only applies to former and current military members and their families.

The company with the highest minimum coverage rates is Progressive, which costs $713 annually.

CHEAPEST MINIMUM CAR INSURANCE IN MISSISSIPPI

Scroll for more

swipe icon

These prices are only estimates based on rates for an average Mississippi driver and should not be used to compare insurance prices.

Insurance Rates

Compare Insurance Rates

Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.

widget-location-pin
Loading...

Cheapest Full Coverage Car Insurance in Mississippi

A full coverage policy offers better liability limits than a liability-only policy. The policy includes comprehensive collision coverage, protecting you from accidents on or off the road. Because of the high limits and added protection, a full coverage policy costs more.

To find the best rates, you may need to compare car insurance quotes from several companies.

Companies with the cheapest rates for full coverage in Mississippi are:

  • Travelers: $911 per year
  • Mississippi Farm Bureau: $919 per year

USAA has the most affordable full coverage option at an average of $670 per year, but it is only available for military members, veterans and their families.

Progressive is the most expensive full coverage insurance provider in Mississippi, costing $1,579 per year.

CHEAPEST FULL COVERAGE CAR INSURANCE IN MISSISSIPPI

Scroll for more

swipe icon

Your costs may be higher or lower than the prices listed. These figures are for a policy with comprehensive and collision insurance with $100,000 bodily injury liability coverage per person, $300,000 bodily injury liability coverage per accident and $100,000 property damage coverage per accident.

How to Compare Cheap Mississippi Car Insurance Quotes Online

Most insurance companies in Mississippi allow customers to request quotes through their websites.

  • Determine the level of coverage you need before you start shopping to ensure that you remain consistent with your limits across all insurers. If you get a quote for $100,000 in bodily liability insurance per accident from Travelers, use the same number when getting quotes from other insurers.
  • Using the MoneyGeek price data can help you to identify the best insurance company websites to contact. Without entering personal information, you can get an estimate for an average driver through MoneyGeek’s car insurance calculator. However, there is a need for more details to get a personalized quote.
  • According to MoneyGeek, the most inexpensive companies in Mississippi that may be worth exploring first are USAA, GEICO and Mississippi Farm Bureau.

Auto Insurance Calculator

See how the Average Annual Auto Insurance Rates vary with the options chosen.

Mississippi
Female
30-65
Clean

Average Annual Auto Insurance Rates

Click the section of the wheel in your price range to see options.

low end

on average

high end

Click an insurer below to visit their review page or continue to your personalized quote.

USAA

Cheapest Car Insurance in Mississippi for Young Drivers

Since young drivers have less experience on the road, insurance providers consider them riskier, so they pay more for auto insurance. In Mississippi, a 16-year-old pays an average of $3,183 per year, while a 25-year-old pays $1,290 annually for a policy.

MoneyGeek’s data shows that the cheapest car insurance companies on average for young drivers in the 16–25 year age range in Mississippi are Allstate and GEICO. For drivers aged 23 and over, GEICO is the better option.

ANNUAL CAR INSURANCE IN MISSISSIPPI FOR YOUNG DRIVERS

Scroll for more

swipe icon
  • Age
    Average Cost
    Cheapest Company
    Company Cost
  • $3,183
    Allstate
    $2,946
  • $3,035
    Allstate
    $2,694
  • $2,663
    Allstate
    $2,443
  • $2,731
    Allstate
    $2,099
  • $2,328
    Allstate
    $1,886
  • $1,839
    Allstate
    $1,572
  • $1,713
    Allstate
    $1,514
  • $1,542
    GEICO
    $1,210
  • $1,435
    GEICO
    $1,138
  • $1,290
    GEICO
    $983

Younger drivers are expensive to insure because companies consider them high risk. This is true even for the most affordable auto insurers.

In Mississippi, Allstate offers car insurance for 16-year-olds at around $2,946 per year. Meanwhile, GEICO charges 25-year-old drivers approximately $983 per year. The nine-year age difference has resulted in a $1,963 price gap.

Cheapest Car Insurance in Mississippi for Seniors

Senior drivers in Mississippi pay more for car insurance than middle-aged drivers and young adults. While other drivers spend an average of $1,152 per year, senior drivers pay roughly $1,189.

The cheapest car insurance companies for senior drivers in Mississippi with a full coverage policy are:

  • Mississippi Farm Bureau: $830 per year
  • State Farm: $1,054 per year

USAA is the cheapest option for seniors at roughly $741 per year. However, it is only available to military members and their families.

Travelers is the second-cheapest provider for drivers with a clean driving record, whereas Mississippi Farm Bureau offers lower rates for seniors. USAA is the cheapest overall for both demographics.

CHEAPEST CAR INSURANCE RATES FOR SENIORS

Scroll for more

swipe icon

Car insurance companies consider senior drivers riskier to insure due to the adverse effect of aging on a person’s driving skills. The cost of car insurance for a Mississippi senior is $1,189 per year, $37 higher than the average driver.

Although insurers charge older adults higher rates, seniors can still obtain affordable car insurance by shopping around and comparing offers. The difference between the state’s cheapest and most expensive providers for senior drivers is about $1,003 per year.

Cheapest Car Insurance for Drivers With Tickets in Mississippi

In Mississippi, your premiums increase if you have a minor driving violation like a speeding ticket. Drivers without tickets pay an average of $1,152 per year, while motorists with tickets pay $1,420 annually.

The top full coverage car insurance providers in Mississippi for drivers with a speeding ticket are:

  • Travelers: $1,069 per year
  • Mississippi Farm Bureau: $1,165 per year

The cheapest auto insurer (USAA) costs $753 per year. However, it is only for military families.

USAA and Travelers offer the lowest rates for Mississippi residents with excellent driving history and those with speeding tickets.

AVERAGE CAR INSURANCE RATES WITH A TICKET

Scroll for more

swipe icon

Speeding or distracted driving tickets can result in higher car insurance rates because many Mississippi car insurance companies see these drivers as a higher risk. The same holds true for drivers involved in accidents related to distracted driving. In 2018 in Mississippi, there were 597 accidents involving distracted driving.

The effects of a speeding or distracted driving ticket may disappear quickly for first-time offenders but could last much longer for drivers with more than one of these tickets on their driving record. Therefore, to find cheap car insurance with a ticket in Mississippi, speak with several Mississippi car insurance companies and get personalized quotes. Each company evaluates tickets differently, so having a number of quotes could help you find cheap insurance.

Cheapest Car Insurance for Drivers With a DUI in Mississippi

Mississippi drivers with serious traffic violations, such as a DUI, will pay higher premiums and might also need to file an SR-22. If you have a DUI, you will pay an annual average of $2,024 per year compared to drivers with a clean history who pay $1,152.

The cheapest full coverage car insurance in Mississippi for drivers with a DUI are:

  • State Farm: $1,168 per year
  • Travelers: $1,428 per year

USAA is the second most affordable option at roughly $1,180 per year but is only exclusive to military members.

The most affordable rates for drivers with clean records come from USAA and Travelers.

AVERAGE CAR INSURANCE RATES WITH A DUI

Scroll for more

swipe icon

If you get a DUI in Mississippi, you may face up to 48-hour in jail time and fines ranging from $250 to $1,000. Additionally, you’ll also suffer an increase in your car insurance premiums.

Finding affordable car insurance in Mississippi is still possible even after a DUI. MoneyGeek found that you can save up to $1,047 per year by shopping around and comparing offers from multiple insurers.

Cheapest in Mississippi for Drivers With an At-Fault Accident

Car insurance costs in Mississippi are higher for drivers who have an at-fault accident on their record. They pay an average of $1,832 per year for a policy.

The most affordable car insurance companies in Mississippi for drivers with an at-fault accident are:

  • Travelers: $1,033 per year
  • Mississippi Farm Bureau: $1,180 per year

USAA is the cheapest option in the state, averaging $920 per year. Its auto policies are only available to veterans, military members and their families.

CHEAPEST CAR INSURANCE WITH AN AT-FAULT ACCIDENT

Scroll for more

swipe icon

Cheapest Car Insurance in Mississippi for Drivers With Bad Credit

Mississippi drivers with poor credit scores tend to pay more for car insurance than those with good credit. The average rate for drivers with good credit is $1,152 per year, while those with low credit scores pay around $1,935.

The insurance companies offering the best full coverage rates for drivers with poor credit scores in Mississippi are:

  • Nationwide: $1,439 per year
  • GEICO: $1,489 per year

USAA is the cheapest option at roughly $1,161 per year but is only available to military personnel and their families. Meanwhile, the most affordable companies for drivers with good credit scores are USAA and Travelers.

CHEAPEST CAR INSURANCE RATES FOR DRIVERS WITH BAD CREDIT

Scroll for more

swipe icon

Your credit score can affect the cost of your car insurance in Mississippi. MoneyGeek found that premiums in the state are $783 more if you have bad credit.

Drivers with poor credit can still find affordable auto insurance by comparing quotes from various companies. We found a $1,506 difference between the state’s cheapest and most expensive car insurers for drivers with bad credit.

As such, we suggest that you pay off your debts and work to improve your credit score. Doing this will help make savings on your car insurance.

Cheapest Car Insurance in Mississippi for Military Drivers

USAA is the cheapest option for minimum car insurance in Mississippi for veterans, active military personnel and their families. USAA costs $89 less than the runner-up GEICO for the same policy.

mglogo
MoneyGeek Top Pick
USAA
  • Average rate: $307 per year
  • Ranks cheapest out of eight insurers

USAA’s discounts provide even more ways to save. This insurer offers a bundling discount when you get your home or renters insurance alongside your car insurance. Its multi-car discount applies when you insure more than one car.

There are also substantial discounts for defensive driving, taking an approved driver safety course, maintaining good grades, remaining loyal to USAA, having a car with low mileage, having a new car and maintaining a good driving record.

Cheapest Car Insurance in Mississippi by City

Car insurance costs in Mississippi vary greatly depending on location in the state. Residents of some cities receive expensive car insurance quotes due to a variety of factors. For example, the average cost of a full coverage auto policy in the capital city of Jackson is $1,112 per year. If you live in a suburb, your cost may be cheaper.

Click on your city to find the average car insurance rates in your area.

AVERAGE INSURANCE RATE BY CITY IN MISSISSIPPI

Scroll for more

swipe icon

Car Insurance in Mississippi: What You Need to Know

In Mississippi, the law requires you to have proof of car insurance in your vehicle at all times. The cheapest car insurance available in the state is a minimum coverage policy. However, a full coverage policy provides broader financial protections.

Mississippi Insurance Requirements

A Driver in Mississippi must always show proof of insurance in their car. Moreover, the state requires the following coverage as a minimum:

  • $25,000 for injuries to one person
  • $50,000 for injuries per accident
  • $25,000 in property damage liability

The most affordable car insurance you can buy in Mississippi is a state minimum policy. Its coverage may still not be enough for most drivers, making a full coverage policy more attractive due to its extensive protections. While a full coverage policy is more expensive, it provides collision and comprehensive coverage.

Shopping around and asking about discounts is the best way to find cheap car insurance in Mississippi. Based on your needs and situation, you may receive a discount on your driving record, the number of vehicles you’re insuring, driving distance or installation of anti-theft devices.

You’re allowed to post a surety bond or make a $15,000 deposit to the state instead of a car insurance policy. However, if you’re at fault in an accident and expenses exceed your bond or cash deposit, you’ll be required to pay the difference out of pocket.

FAQs About Car Insurance in Mississippi

When looking for car insurance in Mississippi, you may have several questions about the costs and coverage limits. Here are some answers that may help.

About the Author


expert-profile

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.


sources