1. Home
  2. The Best Affordable Car Insurance in Mississippi for 2021

Cheapest Car Insurance Companies and Quotes in Mississippi

For your needs, the most affordable car insurance in Mississippi depends on many individual factors. MoneyGeek ranked the cheapest car insurance companies in Mississippi by average rates for collision and comprehensive coverage. To know how much you will actually pay, you can compare car insurance quotes and annual premiums from several providers.

Average Comprehensive and Collision Rates in Mississippi

These prices are only approximations based on the average driver’s costs. Different providers evaluate individual risk factors differently. Some might incentivize good driver behavior with deep discounts, while some structure significantly higher premiums for drivers with DUIs or tickets. You should shop around to find the right offer for your situation.

Compare Auto Insurance Rates

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

Insurance Rates

Cheapest Liability Car Insurance in Mississippi

A liability insurance plan will only protect the other driver in an at-fault accident. The policy typically covers the medical, property damage and auto repair costs of the other party. In Mississippi, USAA offers the cheapest average yearly premiums for the state minimum and 50/100/50 liability-only packages, but this carrier is only for military members and their families. The next most affordable option is GEICO, with an average annual cost of $382 for the state minimum coverage and $471 for a 50/100/50 liability-only policy.

Average Cost for Liability Coverage

The Best Car Insurance Companies in Mississippi for 2021

To find the best insurance companies in Mississippi, MoneyGeek evaluated providers based on criteria like affordability, customer satisfaction, financial strength and the ability to pay claims.

To score each aspect, MoneyGeek used information from AM Best’s financial strength ratings and J.D. Power’s U.S. Auto Insurance Study, the industry-standard resources for evaluating insurance companies. Along with pricing data, each study received equal weight to determine MoneyGeek’s final score out of 100.

Expand All Rankings +

1

USAAScore: 95
+

4/5

User Satisfaction

5/5

Claims Ratings

4/5

Affordability

A++

Financial Stability

2

ErieScore: 92.5
+

4/5

User Satisfaction

5/5

Claims Ratings

4/5

Affordability

A+

Financial Stability

3

Auto-Owners Insurance CoScore: 90
+

4/5

User Satisfaction

3/5

Claims Ratings

4/5

Affordability

A++

Financial Stability

4

ALFAScore: 87.5
+

4/5

User Satisfaction

4/5

Claims Ratings

4/5

Affordability

A

Financial Stability

5

North Carolina Farm BureauScore: 87.5
+

4/5

User Satisfaction

4/5

Claims Ratings

4/5

Affordability

A

Financial Stability

6

GEICOScore: 85
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A++

Financial Stability

7

State FarmScore: 82.5
+

4/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A

Financial Stability

8

NationwideScore: 80
+

3/5

User Satisfaction

3/5

Claims Ratings

2/5

Affordability

A+

Financial Stability

9

TravelersScore: 80
+

2/5

User Satisfaction

3/5

Claims Ratings

2/5

Affordability

A++

Financial Stability

10

MetLifeScore: 80
+

2/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

While USAA scores highly in many areas, this provider is only available to military members, veterans and their families.

Market Share by Company

While there are five top familiar car insurance companies in Mississippi, the largest car insurance company is State Farm, which has 24.60% of the market share in the state.

Compare Auto Insurance Rates

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

Insurance Rates

What Is the Average Cost of Car Insurance in Mississippi?

Several unique factors determine the costs of car insurance premiums. MoneyGeek calculated the average rates for a 40-year-old male driver with a clean driving record and a Toyota Camry with 100/300/100 comprehensive and collision coverage. Your premium costs can be higher or lower, depending on your coverage level, driving history and age.

  • Average Driver: $1,112
  • DUI: $1,953
  • Speeding Ticket: $1,370
  • Poor Credit Score: $1,862
  • Seniors: $1,147
  • Students: $2,970

Cheapest Car Insurance for Drivers With a DUI in Mississippi

1,755 people died from 2009-2018 in alcohol-related car accidents in Mississippi. 1.4% of drivers in Mississippi say they have driven after drinking too much within the past 30 days.

The consequences of having a DUI in Mississippi could include up to 48 hours in jail plus fines ranging from $250 to $1,000. However, the financial cost could be higher due to legal expenses as well as higher car insurance rates.

Average Car Insurance Rates With a DUI

The effects of a DUI could linger long after the legalities have been resolved, but that does not mean you cannot find cheap car insurance with a DUI in Mississippi. To find affordable insurance, you should talk with several Mississippi car insurance companies and get personalized quotes. Each company weighs the effects of a DUI differently, so shopping around could result in big savings.

Cheapest Car Insurance With Tickets in Mississippi

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.

Average Car Insurance Rates With a Ticket

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 Companies in Mississippi for Drivers With Bad Credit

Many Mississippi car insurance companies utilize credit scores in evaluating drivers who apply for car insurance quotes. The rule of thumb is, the higher the credit score, the lower the risk the driver will file a claim. In Mississippi, the average credit score is 667.

Average Car Insurance Rates for Drivers With Bad Credit

Although a low credit score can result in higher car insurance rates, this can be a temporary situation. By working to raise your credit score – a score of 700 or higher is considered a good score–you can take steps to reduce your car insurance rates. Seeking out personalized quotes from several Mississippi car insurance quotes can result in finding cheap insurance.

Cheapest Car Insurance Companies in Mississippi for Seniors

Although Mississippi does not have any driving restrictions for seniors, there is cause for their safety on the road. As senior drivers get older, their physical and mental capabilities may adversely affect their driving skills. In fact, according to the National Highway Traffic Safety Administration, in 2017 there were 133 fatal traffic crashes involving drivers ages 65 and older. This could affect car insurance rates for seniors.

Average Car Insurance Rates for Seniors

To help seniors find the cheapest car insurance in Mississippi, they should seek out personalized quotes based on their own individual circumstances from a number of Mississippi car insurance companies.

Cheapest Car Insurance for Students in Mississippi

Mississippi has a graduated driver's license program for teens, which safety experts recommend to help teens gain driving experience under the safest conditions. Teens are notoriously expensive to insure because they are considered high-risk drivers, mostly due to their lack of experience behind the wheel and their impulsive behavior. When your child starts college, it's a good idea to call your insurance company to inform them of any change in living conditions or driving habits. Also, talk with your insurer regarding available discounts for students who get good grades.

While rates for both high school and college students can be lower for parents who add their teens to an existing family policy, the rates still may go up given students are considered high-risk drivers.

Average Car Insurance Rates for Students

Insurance Rate Information for Military Drivers and Veterans

If you are one of the more than 11,000 active-duty military personnel who live in Mississippi and you are deployed for a long period with your vehicle left unused at home, be sure to notify your insurer and ask about discounts or whether you can suspend all or part of your coverage.

If money is tight, you may want to cancel your coverage while you are away. Mississippi law does not allow an insurance company to increase your rate if you canceled or didn't renew your policy because you were called to active duty — as long as your car was not used during the cancellation period. However, you will be responsible for the costs if your car is damaged or stolen in your absence, so be sure it is in a secure place.

If you are a Mississippi resident temporarily deployed out of state, you can renew your license by mail. Otherwise, you will have 90 days after discharge to renew your license upon your return to Mississippi. If you are a resident of another state temporarily stationed in Mississippi, you and your family can continue to drive with your license and registration from home.

Average Rates for Mississippi service members

male
25 years$1,450
50 years$1,147
female
25 years$1,381
50 years$1,131

Car Insurance in Mississippi: What You Need to Know

Everyone who drives in Mississippi needs to have liability insurance or show another form of financial responsibility. If you can't get an insurer to cover you because of your driving history or risk profile, you can apply for insurance from the Mississippi Automobile Insurance Plan. The plan provides liability insurance to high-risk drivers who can't get an insurance policy on their own.

To be eligible for the plan, you must apply and certify that you have attempted to obtain insurance during the past two months but could not get a policy. Assigned risk insurance costs more, so try to get your own policy before resorting to the assigned risk pool.

Proof of Insurance in Mississippi

You are required to carry proof of insurance in your car at all times. This can be a paper copy or an electronic version of your insurance card on your mobile device.

You risk a citation and fine if you have insurance but can't prove it. A police officer cannot pull you over only to check your insurance card, but he or she can ask for it if they pull you over for any other reason.

Minimum Liability Insurance Requirements in Mississippi

The minimum amount of liability coverage required to drive in Mississippi legally is:

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

Alternatives to Insurance in Mississippi

Most people choose to purchase a car insurance policy, but there are alternatives. You could buy a bond or make a $15,000 cash deposit with the state. However, if you're at fault in an accident that costs more than your bond or cash deposit, you may still be liable for the difference.

How Much Coverage Do You Need in Mississippi?

The law sets the minimum amount of liability insurance you must have, but experts recommend getting liability coverage of $100,000 per injury and $300,000 per accident. Often, this may only cost a few more dollars per month.

Other common types of car insurance include:

  • Uninsured Motorist Coverage: This coverage could come in handy in a state like Mississippi, where such a high percentage of drivers are uninsured. It covers your medical expenses if you are in an accident and the person at fault is uninsured.
  • Collision/Comprehensive Coverage: If you have a new car with a loan, your lender will probably require you to have collision and comprehensive insurance.
  • Medical Coverage: If you don't already have good health insurance, this could save you a lot of money if you're injured in an accident.

If you decide you want a certain type of coverage, but the price tag seems too high, consider increasing your deductible. Talk with your insurance agent about what is right for you.

Car insurance companies use your location to calculate your rate.
Explore average rates for your city.

Compare Auto Insurance Rates

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

Insurance Rates

About the Author


expert-profile

A long-time freelance writer, Karon Warren has covered finance, insurance, healthcare, business, travel and other topics for such outlets as Lending Tree, Student Loan Hero, Healthgrades, USA Today and others.


sources