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Mississippi Farm Bureau offers Mississippi's most affordable coverage. State Farm, Travelers and Direct General Insurance are the most affordable for other types of drivers.

The best auto insurance providers in Mississippi strike a balance between price and quality.

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2023

Table of Contents

Cheapest Minimum Liability Car Insurance in Mississippi (October 2023)

MoneyGeek found the following companies offer the cheapest minimum coverage auto insurance in Mississippi:

  • Mississippi Farm Bureau: $293 per year
  • State Farm: $299 per year

Shelter provides the most expensive minimum coverage insurance at about $843 annually.

Only property damage liability (PDL) and bodily injury liability (BIL) are required by law in Mississippi.

Company
Annual Premium
Monthly Premium

Mississippi Farm Bureau

$263

$22

Progressive

$275

$23

State Farm

$282

$24

Mississippi Farm Bureau

$293

$24

State Farm

$299

$25

Direct General Insurance

$306

$26

Direct General Insurance

$312

$26

State Farm

$365

$30

Progressive

$368

$31

Nationwide

$370

$31

Direct General Insurance

$401

$33

Mississippi Farm Bureau

$407

$34

Progressive

$432

$36

Nationwide

$470

$39

Travelers

$481

$40

Travelers

$508

$42

Travelers

$541

$45

GEICO

$561

$47

Nationwide

$580

$48

GEICO

$580

$48

Shelter

$626

$52

Mississippi Farm Bureau

$633

$53

Allstate

$673

$56

Allstate

$681

$57

GEICO

$703

$59

Mississippi Farm Bureau

$706

$59

Direct General Insurance

$710

$59

Allstate

$727

$61

State Farm

$768

$64

Nationwide

$799

$67

Direct General Insurance

$804

$67

Shelter

$843

$70

Nationwide

$846

$71

State Farm

$850

$71

Mississippi Farm Bureau

$937

$78

Travelers

$979

$82

Progressive

$996

$83

Travelers

$1,017

$85

Direct General Insurance

$1,022

$85

State Farm

$1,081

$90

Shelter

$1,083

$90

Nationwide

$1,124

$94

Travelers

$1,195

$100

Allstate

$1,203

$100

Allstate

$1,247

$104

Allstate

$1,306

$109

Shelter

$1,314

$109

GEICO

$1,335

$111

GEICO

$1,339

$112

Progressive

$1,385

$115

Progressive

$1,415

$118

Shelter

$1,459

$122

GEICO

$1,611

$134

Shelter

$2,235

$186

Insurance with the bare minimum protection will only pay for the damage you do to other people and their property. Full coverage, often known as comprehensive and collision insurance, extends protection to your vehicle, so purchasing it is a good idea.

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Cheapest Full Coverage Car Insurance in Mississippi (October 2023)

The following companies offer the cheapest rates for full coverage insurance in Mississippi:

  • Mississippi Farm Bureau: $706 per year
  • Nationwide: $799 per year

Shelter offers the costliest full coverage policy in Mississippi for approximately $1,459.

Adding comprehensive and collision coverage to your policy can increase your annual premiums. For instance, with Direct General Insurance, the price jump from minimum to full coverage is $447.

Full coverage is the best option for comprehensive protection. It protects against losses incurred in on-road (collision with another vehicle or a fixed object) and off-road incidents (like floods and storm damages).

Company
Annual Premium
Monthly Premium

Mississippi Farm Bureau

$263

$22

Progressive

$275

$23

State Farm

$282

$24

Mississippi Farm Bureau

$293

$24

State Farm

$299

$25

Direct General Insurance

$306

$26

Direct General Insurance

$312

$26

State Farm

$365

$30

Progressive

$368

$31

Nationwide

$370

$31

Direct General Insurance

$401

$33

Mississippi Farm Bureau

$407

$34

Progressive

$432

$36

Nationwide

$470

$39

Travelers

$481

$40

Travelers

$508

$42

Travelers

$541

$45

GEICO

$561

$47

Nationwide

$580

$48

GEICO

$580

$48

Shelter

$626

$52

Mississippi Farm Bureau

$633

$53

Allstate

$673

$56

Allstate

$681

$57

GEICO

$703

$59

Mississippi Farm Bureau

$706

$59

Direct General Insurance

$710

$59

Allstate

$727

$61

State Farm

$768

$64

Nationwide

$799

$67

Direct General Insurance

$804

$67

Shelter

$843

$70

Nationwide

$846

$71

State Farm

$850

$71

Mississippi Farm Bureau

$937

$78

Travelers

$979

$82

Progressive

$996

$83

Travelers

$1,017

$85

Direct General Insurance

$1,022

$85

State Farm

$1,081

$90

Shelter

$1,083

$90

Nationwide

$1,124

$94

Travelers

$1,195

$100

Allstate

$1,203

$100

Allstate

$1,247

$104

Allstate

$1,306

$109

Shelter

$1,314

$109

GEICO

$1,335

$111

GEICO

$1,339

$112

Progressive

$1,385

$115

Progressive

$1,415

$118

Shelter

$1,459

$122

GEICO

$1,611

$134

Shelter

$2,235

$186

The coverage amount you choose will significantly affect your premiums. MoneyGeek's sample policy has the following coverage limits:

  • $100,000 in bodily injury liability per person
  • $300,000 in bodily injury liability per accident
  • $100,000 in property damage liability per accident

Mississippi drivers can save money on auto insurance by opting for lower limits and higher deductibles or not choosing comprehensive and collision insurance. However, with lower limits, you run the risk of having insufficient protection in the event of an accident.

How to Compare Cheap Mississippi Car Insurance Quotes Online

You can obtain auto insurance quotes online, but doing so can take up to 15 minutes and requires you to reveal personal information. Then, you’d need to compare different insurance plans and providers.

Instead of giving your information to various insurance companies in Mississippi, use MoneyGeek's car insurance calculator to get an instant quote. To begin, choose your demographic details (such as age, gender and driving history) from the drop-down menus.

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Cheapest Car Insurance in Mississippi by Age (October 2023)

Age is one of the biggest factors affecting car insurance rates in Mississippi. MoneyGeek found that Progressive or Mississippi Farm Bureau offer the cheapest options, depending on what age group you and your family belong to.

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CHEAPEST CAR INSURANCE COMPANIES BY AGE

Cheapest for teens: Progressive
Cheapest for young adults: Mississippi Farm Bureau
Cheapest for seniors: Mississippi Farm Bureau

Cheapest Car Insurance in Mississippi for Teens and Their Families (October 2023)

The following companies are the cheapest for parents who want to add their teenagers to their auto insurance policies in Mississippi:

  • Progressive: $714 per year for male and female teens
  • Nationwide: $2,145 per year for male teens and $1,974 per year for female teens

Adding a teenager to a family's GEICO policy comes with the highest premiums in the state. Adding a female teenager costs about $5,203 per year, whereas a teenage male's policy costs about $5,002.

Generally, a teen's car insurance rates decrease from the early- to late-teen years. A 19-year-old male in Mississippi gets the lowest quote from Progressive ($714).

In Mississippi, an individual policy for 16-year-old costs around $5,445 per year, while including a teen in the parent's policy only costs around $2,644 per year. This results in a $2,801 difference.

Company
Family Plan Annual Premium
Individual Plan Annual Premium

Progressive

$450

$1,350

Progressive

$455

$1,553

Progressive

$552

$1,026

Progressive

$607

$1,028

Progressive

$609

$1,130

Progressive

$627

$2,137

Progressive

$632

$1,897

Progressive

$657

$1,113

Progressive

$670

$1,245

Progressive

$693

$1,174

Progressive

$714

$4,201

Progressive

$714

$4,584

Progressive

$714

$2,143

Progressive

$714

$2,435

Progressive

$743

$1,259

Progressive

$743

$1,380

State Farm

$767

$1,161

Progressive

$785

$4,618

Progressive

$800

$5,136

GEICO

$836

$1,518

State Farm

$846

$1,280

GEICO

$885

$1,607

Progressive

$899

$5,288

Progressive

$901

$5,784

State Farm

$917

$1,389

GEICO

$947

$1,721

Nationwide

$965

$1,544

Nationwide

$994

$1,671

State Farm

$1,014

$1,535

Travelers

$1,058

$1,313

GEICO

$1,063

$1,400

Travelers

$1,095

$1,374

Nationwide

$1,123

$1,264

Nationwide

$1,133

$1,327

Allstate

$1,154

$3,738

Travelers

$1,171

$1,453

Nationwide

$1,188

$1,337

Travelers

$1,202

$1,491

Nationwide

$1,214

$1,421

Travelers

$1,224

$1,536

Allstate

$1,228

$1,367

Travelers

$1,230

$1,694

State Farm

$1,233

$1,288

Nationwide

$1,236

$1,391

Nationwide

$1,268

$1,484

Travelers

$1,269

$1,574

Allstate

$1,269

$1,371

Nationwide

$1,295

$1,457

Travelers

$1,302

$1,634

Allstate

$1,304

$1,817

GEICO

$1,326

$2,409

GEICO

$1,333

$1,755

Nationwide

$1,340

$1,568

Allstate

$1,352

$1,506

State Farm

$1,380

$1,442

State Farm

$1,401

$1,659

Travelers

$1,402

$1,968

GEICO

$1,407

$1,853

Travelers

$1,418

$1,779

Allstate

$1,422

$1,990

Travelers

$1,424

$1,961

Travelers

$1,436

$2,761

Allstate

$1,440

$4,148

Allstate

$1,445

$1,609

Allstate

$1,457

$1,574

Allstate

$1,483

$2,067

Nationwide

$1,493

$2,387

State Farm

$1,518

$1,586

Nationwide

$1,571

$2,642

Allstate

$1,571

$1,697

Allstate

$1,575

$5,102

Allstate

$1,582

$1,761

Nationwide

$1,585

$3,004

State Farm

$1,595

$1,889

Travelers

$1,627

$2,241

Travelers

$1,640

$2,301

State Farm

$1,668

$1,974

Allstate

$1,677

$1,811

Nationwide

$1,693

$2,707

State Farm

$1,709

$1,786

Nationwide

$1,713

$3,404

Travelers

$1,713

$3,373

Allstate

$1,714

$2,389

Allstate

$1,744

$2,440

Travelers

$1,756

$3,376

State Farm

$1,792

$2,122

Nationwide

$1,798

$3,024

State Farm

$1,803

$2,417

Nationwide

$1,821

$3,452

Allstate

$1,862

$2,605

Allstate

$1,895

$5,459

GEICO

$1,904

$2,507

Travelers

$1,916

$2,689

State Farm

$1,947

$2,306

Nationwide

$1,974

$3,741

Nationwide

$1,975

$3,923

GEICO

$2,044

$2,642

State Farm

$2,053

$2,751

GEICO

$2,067

$2,544

Allstate

$2,070

$6,707

Travelers

$2,137

$4,208

Nationwide

$2,145

$4,261

Allstate

$2,179

$6,277

State Farm

$2,220

$2,628

State Farm

$2,260

$3,000

Travelers

$2,318

$4,457

State Farm

$2,333

$3,127

GEICO

$2,335

$3,018

GEICO

$2,437

$3,000

State Farm

$2,580

$3,424

Travelers

$2,890

$5,691

State Farm

$2,934

$3,895

GEICO

$2,991

$3,866

GEICO

$2,999

$4,775

GEICO

$3,106

$3,822

GEICO

$3,126

$4,693

GEICO

$3,871

$6,162

GEICO

$4,026

$6,044

GEICO

$5,002

$7,964

GEICO

$5,203

$7,811

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MONEYGEEK EXPERT TIP

On average, car insurance rates for male teens tend to be significantly more expensive than for female teens. This rate difference is not as notable when drivers reach their 20s and beyond.

The Mississippi insurers we analyzed offer discounts to students who receive good grades. Direct General Insurance, GEICO and Nationwide are the only ones that don’t offer discounts to students studying away from home.

Cheapest Car Insurance in Mississippi for Young Adults (October 2023)

Companies offering the cheapest rates for Mississippi motorists in their 20s are:

  • Mississippi Farm Bureau: $937 per year
  • Direct General Insurance: $1,022 per year

Shelter is the most expensive insurance, with an average annual premium of $2,235.

Auto insurance for Mississippi drivers in their 20s is around $138 more expensive per year with Mississippi Farm Bureau than for drivers in their 40s.

Company
Annual Premium
Monthly Premium

Mississippi Farm Bureau

$263

$22

Progressive

$275

$23

State Farm

$282

$24

Mississippi Farm Bureau

$293

$24

State Farm

$299

$25

Direct General Insurance

$306

$26

Direct General Insurance

$312

$26

State Farm

$365

$30

Progressive

$368

$31

Nationwide

$370

$31

Direct General Insurance

$401

$33

Mississippi Farm Bureau

$407

$34

Progressive

$432

$36

Nationwide

$470

$39

Travelers

$481

$40

Travelers

$508

$42

Travelers

$541

$45

GEICO

$561

$47

Nationwide

$580

$48

GEICO

$580

$48

Shelter

$626

$52

Mississippi Farm Bureau

$633

$53

Allstate

$673

$56

Allstate

$681

$57

GEICO

$703

$59

Mississippi Farm Bureau

$706

$59

Direct General Insurance

$710

$59

Allstate

$727

$61

State Farm

$768

$64

Nationwide

$799

$67

Direct General Insurance

$804

$67

Shelter

$843

$70

Nationwide

$846

$71

State Farm

$850

$71

Mississippi Farm Bureau

$937

$78

Travelers

$979

$82

Progressive

$996

$83

Travelers

$1,017

$85

Direct General Insurance

$1,022

$85

State Farm

$1,081

$90

Shelter

$1,083

$90

Nationwide

$1,124

$94

Travelers

$1,195

$100

Allstate

$1,203

$100

Allstate

$1,247

$104

Allstate

$1,306

$109

Shelter

$1,314

$109

GEICO

$1,335

$111

GEICO

$1,339

$112

Progressive

$1,385

$115

Progressive

$1,415

$118

Shelter

$1,459

$122

GEICO

$1,611

$134

Shelter

$2,235

$186

Cheapest Car Insurance in Mississippi for Seniors (October 2023)

The following insurance providers offer the state's senior drivers the most affordable rates:

  • Mississippi Farm Bureau: $633 per year
  • Direct General Insurance: $710 per year

At about $1,335 per year, GEICO's insurance is the priciest option for seniors in the state.

Mississippi seniors save an average of $73 per year on auto insurance premiums with Mississippi Farm Bureau compared with drivers in their 40s and 50s. Rates tend to increase for those in their 70s and 80s.

Company
Annual Premium
Monthly Premium

Mississippi Farm Bureau

$263

$22

Progressive

$275

$23

State Farm

$282

$24

Mississippi Farm Bureau

$293

$24

State Farm

$299

$25

Direct General Insurance

$306

$26

Direct General Insurance

$312

$26

State Farm

$365

$30

Progressive

$368

$31

Nationwide

$370

$31

Direct General Insurance

$401

$33

Mississippi Farm Bureau

$407

$34

Progressive

$432

$36

Nationwide

$470

$39

Travelers

$481

$40

Travelers

$508

$42

Travelers

$541

$45

GEICO

$561

$47

Nationwide

$580

$48

GEICO

$580

$48

Shelter

$626

$52

Mississippi Farm Bureau

$633

$53

Allstate

$673

$56

Allstate

$681

$57

GEICO

$703

$59

Mississippi Farm Bureau

$706

$59

Direct General Insurance

$710

$59

Allstate

$727

$61

State Farm

$768

$64

Nationwide

$799

$67

Direct General Insurance

$804

$67

Shelter

$843

$70

Nationwide

$846

$71

State Farm

$850

$71

Mississippi Farm Bureau

$937

$78

Travelers

$979

$82

Progressive

$996

$83

Travelers

$1,017

$85

Direct General Insurance

$1,022

$85

State Farm

$1,081

$90

Shelter

$1,083

$90

Nationwide

$1,124

$94

Travelers

$1,195

$100

Allstate

$1,203

$100

Allstate

$1,247

$104

Allstate

$1,306

$109

Shelter

$1,314

$109

GEICO

$1,335

$111

GEICO

$1,339

$112

Progressive

$1,385

$115

Progressive

$1,415

$118

Shelter

$1,459

$122

GEICO

$1,611

$134

Shelter

$2,235

$186

Allstate, Direct General Insurance, Farmers and GEICO all offer discounts to senior drivers. Insurance companies factor in the policyholder's age when calculating premiums, so it pays to compare prices.

Cheapest Car Insurance for Higher Risk Drivers (October 2023)

By switching to Mississippi Farm Bureau, Mississippi drivers with a speeding ticket or an accident on their record may receive the best prices. State Farm is the best for individuals with a DUI violation.

By enrolling in a state-approved driver education program and continually exhibiting safe driving conduct, you may be able to improve your driving record and access lower-priced insurance options.

CHEAPEST FOR HIGHER RISK DRIVERS

Cheapest after a ticket: Mississippi Farm Bureau ($787 per year)
Cheapest after an accident: Mississippi Farm Bureau ($966 per year)
Cheapest after a DUI: State Farm ($930 per year)
Cheapest for poor credit: Direct General Insurance ($1,077 per year)
Cheapest for sports cars: Travelers ($1,000 per year)

Cheapest Car Insurance in Mississippi After a Ticket

The following insurance providers offer full coverage policies at lower rates to Mississippi motorists with tickets:

  • Mississippi Farm Bureau: $787 per year
  • State Farm: $930 per year

The most expensive auto insurance comes from Shelter and runs roughly $1,777 per year. A speeding ticket in Mississippi can boost your insurance premiums by an average of $272 per year.

Company
Annual Premium
Monthly Premium

Mississippi Farm Bureau

$291

$24

State Farm

$313

$26

Mississippi Farm Bureau

$329

$27

State Farm

$333

$28

Progressive

$402

$33

State Farm

$406

$34

Progressive

$413

$34

Mississippi Farm Bureau

$453

$38

Progressive

$463

$39

Direct General Insurance

$509

$42

Direct General Insurance

$562

$47

Nationwide

$583

$49

Nationwide

$585

$49

Travelers

$631

$53

Travelers

$660

$55

Direct General Insurance

$671

$56

Mississippi Farm Bureau

$685

$57

Travelers

$706

$59

Nationwide

$716

$60

Allstate

$724

$60

Allstate

$734

$61

GEICO

$740

$62

Shelter

$762

$64

GEICO

$771

$64

Mississippi Farm Bureau

$787

$66

Allstate

$787

$66

State Farm

$835

$70

GEICO

$896

$75

State Farm

$930

$77

Mississippi Farm Bureau

$1,023

$85

Shelter

$1,027

$86

Nationwide

$1,150

$96

State Farm

$1,174

$98

Nationwide

$1,219

$102

Direct General Insurance

$1,295

$108

Direct General Insurance

$1,316

$110

Allstate

$1,319

$110

Shelter

$1,319

$110

Allstate

$1,377

$115

Travelers

$1,407

$117

Allstate

$1,434

$120

Progressive

$1,444

$120

Travelers

$1,445

$120

Nationwide

$1,488

$124

Progressive

$1,497

$125

Travelers

$1,542

$128

Shelter

$1,600

$133

Direct General Insurance

$1,722

$144

GEICO

$1,759

$147

GEICO

$1,772

$148

Shelter

$1,777

$148

Progressive

$1,798

$150

GEICO

$2,062

$172

Shelter

$2,724

$227

Cheapest Car Insurance in Mississippi After an Accident

The following insurance providers offer the cheapest full coverage insurance to drivers in Mississippi with a history of at-fault accidents:

  • Mississippi Farm Bureau: $966 per year
  • State Farm: $1,037 per year

The most expensive policy, offered by Shelter, costs about $3,146 annually. Being at fault in a car accident can add an average of $671 to your annual premium, according to MoneyGeek.

Company
Annual Premium
Monthly Premium

State Farm

$360

$30

Mississippi Farm Bureau

$364

$30

State Farm

$383

$32

Mississippi Farm Bureau

$410

$34

State Farm

$467

$39

Progressive

$562

$47

Mississippi Farm Bureau

$565

$47

Progressive

$601

$50

Progressive

$631

$53

Direct General Insurance

$631

$53

Travelers

$662

$55

Nationwide

$675

$56

Nationwide

$678

$56

Travelers

$693

$58

Direct General Insurance

$697

$58

Travelers

$744

$62

Direct General Insurance

$831

$69

Allstate

$833

$69

Nationwide

$835

$70

Mississippi Farm Bureau

$840

$70

Allstate

$845

$70

Allstate

$916

$76

State Farm

$935

$78

Mississippi Farm Bureau

$966

$81

GEICO

$1,013

$84

State Farm

$1,037

$86

GEICO

$1,081

$90

GEICO

$1,151

$96

Mississippi Farm Bureau

$1,261

$105

State Farm

$1,314

$110

Nationwide

$1,388

$116

Shelter

$1,416

$118

Travelers

$1,459

$122

Nationwide

$1,467

$122

Travelers

$1,506

$126

Direct General Insurance

$1,543

$129

Direct General Insurance

$1,563

$130

Allstate

$1,568

$131

Travelers

$1,601

$133

Allstate

$1,649

$137

Allstate

$1,710

$142

Nationwide

$1,792

$149

Shelter

$1,907

$159

Progressive

$1,993

$166

Progressive

$2,001

$167

Direct General Insurance

$2,045

$170

Shelter

$2,336

$195

Progressive

$2,342

$195

GEICO

$2,402

$200

GEICO

$2,487

$207

Shelter

$2,615

$218

GEICO

$2,671

$223

Shelter

$3,146

$262

Shelter

$4,314

$359

Cheapest Car Insurance in Mississippi After a DUI

The following companies offer the cheapest full coverage auto insurance to Mississippi drivers with a DUI conviction:

  • State Farm: $930 per year
  • Mississippi Farm Bureau: $1,260 per year

GEICO has the highest annual premium for drivers with DUIs, at $4,622 per year. If you have a DUI conviction, you should anticipate a $949 annual rate increase in Mississippi.

Company
Annual Premium
Monthly Premium

State Farm

$313

$26

State Farm

$333

$28

State Farm

$406

$34

Progressive

$462

$39

Progressive

$472

$39

Mississippi Farm Bureau

$510

$42

Progressive

$527

$44

Mississippi Farm Bureau

$576

$48

Direct General Insurance

$631

$53

Direct General Insurance

$635

$53

Travelers

$744

$62

Travelers

$780

$65

Mississippi Farm Bureau

$792

$66

Nationwide

$812

$68

Nationwide

$814

$68

Allstate

$830

$69

Direct General Insurance

$833

$69

State Farm

$835

$70

Travelers

$837

$70

Allstate

$842

$70

Allstate

$911

$76

State Farm

$930

$77

Nationwide

$972

$81

Mississippi Farm Bureau

$1,083

$90

State Farm

$1,174

$98

Mississippi Farm Bureau

$1,260

$105

Shelter

$1,364

$114

Direct General Insurance

$1,453

$121

Progressive

$1,459

$122

Progressive

$1,515

$126

Allstate

$1,558

$130

Travelers

$1,632

$136

Allstate

$1,644

$137

Direct General Insurance

$1,661

$138

Mississippi Farm Bureau

$1,673

$139

Travelers

$1,685

$140

Allstate

$1,698

$142

Nationwide

$1,776

$148

Travelers

$1,784

$149

Progressive

$1,830

$153

Shelter

$1,839

$153

Nationwide

$1,855

$155

GEICO

$1,957

$163

GEICO

$2,147

$179

GEICO

$2,158

$180

Direct General Insurance

$2,170

$181

Nationwide

$2,180

$182

Shelter

$2,280

$190

Shelter

$2,865

$239

Shelter

$3,070

$256

GEICO

$4,622

$385

Shelter

$4,725

$394

GEICO

$4,940

$412

GEICO

$5,076

$423

Cheapest Car Insurance in Mississippi for Drivers With Poor Credit (October 2023)

The following insurance companies in Mississippi provide the cheapest deals for individuals with poor credit:

  • Direct General Insurance: $1,077 per year
  • Mississippi Farm Bureau: $1,259 per year

State Farm is the most expensive option, with a yearly premium of roughly $4,719 for those with less-than-perfect credit scores.

Your insurance company may consider your credit score to assess your insurance premiums. Mississippi residents with credit scores below 580 are likely to pay about $981 more for auto insurance than those with credit scores above 750.

Company
Annual Premium
Monthly Premium

Direct General Insurance

$1,397

$116

Mississippi Farm Bureau

$1,630

$136

Nationwide

$1,667

$139

Allstate

$1,946

$162

Travelers

$1,952

$163

Progressive

$2,367

$197

GEICO

$2,692

$224

Shelter

$4,046

$337

State Farm

$5,943

$495

Direct General Insurance

$519

$43

Progressive

$567

$47

Mississippi Farm Bureau

$709

$59

Nationwide

$843

$70

Travelers

$875

$73

Allstate

$900

$75

GEICO

$1,175

$98

State Farm

$2,009

$167

Shelter

$2,358

$196

Direct General Insurance

$1,077

$90

Mississippi Farm Bureau

$1,259

$105

Nationwide

$1,328

$111

Travelers

$1,603

$134

Allstate

$1,775

$148

Progressive

$1,859

$155

GEICO

$2,130

$178

Shelter

$2,643

$220

State Farm

$4,719

$393

Direct General Insurance

$398

$33

Progressive

$465

$39

Mississippi Farm Bureau

$516

$43

Nationwide

$681

$57

Travelers

$759

$63

Allstate

$888

$74

GEICO

$893

$74

Shelter

$1,513

$126

State Farm

$1,649

$137

Direct General Insurance

$1,040

$87

Mississippi Farm Bureau

$1,101

$92

Nationwide

$1,238

$103

Travelers

$1,645

$137

Progressive

$1,660

$138

Allstate

$1,853

$154

Shelter

$1,959

$163

GEICO

$2,119

$177

State Farm

$4,223

$352

Progressive

$421

$35

Direct General Insurance

$424

$35

Mississippi Farm Bureau

$456

$38

Nationwide

$676

$56

Travelers

$817

$68

GEICO

$920

$77

Allstate

$979

$82

Shelter

$1,123

$94

State Farm

$1,552

$129

In Mississippi, insurers can consider a driver’s credit history when establishing their premium because drivers with lower credit scores are more likely to file claims.

You may eventually be eligible for lower insurance premiums by improving your credit score. Also, you can leverage the discounts insurers offer to offset the high premiums associated with a bad credit score.

Cheapest Car Insurance in Mississippi for Sports Cars (October 2023)

In Mississippi, the following insurance companies provide the most affordable coverage for sports car drivers:

  • Travelers: $1,000 per year
  • Nationwide: $1,048 per year

GEICO has the state’s most expensive average yearly premium of $1,675.

Sports cars are often more costly to insure than conventional vehicles since their maintenance and replacement parts are more expensive. Mississippi's auto insurance costs for sports cars are roughly $189 more than those for a Toyota Camry LE.

Company
Annual Premium
Monthly Premium

Mississippi Farm Bureau

$263

$22

Progressive

$275

$23

State Farm

$282

$24

Mississippi Farm Bureau

$293

$24

State Farm

$299

$25

Direct General Insurance

$306

$26

Direct General Insurance

$312

$26

State Farm

$365

$30

Progressive

$368

$31

Nationwide

$370

$31

Direct General Insurance

$401

$33

Mississippi Farm Bureau

$407

$34

Progressive

$432

$36

Nationwide

$470

$39

Travelers

$481

$40

Travelers

$508

$42

Travelers

$541

$45

GEICO

$561

$47

Nationwide

$580

$48

GEICO

$580

$48

Shelter

$626

$52

Allstate

$673

$56

Allstate

$681

$57

GEICO

$703

$59

Allstate

$727

$61

Shelter

$843

$70

Travelers

$949

$79

State Farm

$952

$79

Nationwide

$973

$81

Travelers

$1,000

$83

Nationwide

$1,048

$87

State Farm

$1,063

$89

Travelers

$1,173

$98

Progressive

$1,180

$98

Allstate

$1,280

$107

Allstate

$1,300

$108

Nationwide

$1,310

$109

Shelter

$1,314

$109

State Farm

$1,354

$113

Allstate

$1,409

$117

Progressive

$1,443

$120

GEICO

$1,634

$136

GEICO

$1,675

$140

Progressive

$1,916

$160

GEICO

$1,964

$164

The rates quoted above were for a Ford Mustang. However, premiums can depend on the model and type of car you drive. Sports, electric and luxury cars tend to be pricier to insure.

Cheapest Car Insurance in Mississippi for Military Drivers (October 2023)

USAA at $701 offers the most reasonable car insurance rates for veterans and active duty service members. It specializes in providing services for veterans and active-duty military personnel and their families. USAA provides active duty and retired military members in all 50 states with high-quality and reasonably priced auto insurance.

mglogo
MoneyGeek Top Pick
USAA
  • $701 per year
  • Ranks cheapest among 10 insurers

In addition to its lower rates, USAA offers discounts for bundling, good student, multiple car and safe driving drivers.

Cheapest Car Insurance in Mississippi by City

Your auto insurance cost will depend on where you live in Mississippi. Residents in areas with a higher incidence of theft, vandalism, natural disasters or accidents are more likely to file insurance claims. As a result, their premiums are higher.

MoneyGeek discovered that Mississippi Farm Bureau offers the most affordable auto insurance in Jackson at approximately $923 per year. You can click for more information on auto insurance in Jackson.

City
Cheapest Company
Annual Premium

Jackson

Mississippi Farm Bureau

$923

Car Insurance in Mississippi: What You Need to Know

Mississippi mandates that motorists carry bodily injury and property damage liability coverage. The state does not require that drivers have personal injury protection or uninsured/underinsured motorist coverage.

Mississippi Car Insurance Requirements

In Mississippi, all drivers must have liability insurance with minimum personal injury and property damage limits. Minimum coverage can be cheaper, but it may not provide enough protection. MoneyGeek advises you to purchase the most extensive liability insurance coverage you can afford to protect your financial stability.

Mississippi requires SR-22 insurance after the most serious driving infractions, including driving without insurance or a license, driving with a suspended license and driving recklessly. This may eventually increase your coverage requirements.

  • male icon

    Bodily Injury Liability

    Your bodily injury liability insurance will pay for the other driver's medical bills if you cause an accident and they are injured. Mississippi requires a minimum of $25,000 in bodily injury liability insurance per person and $50,000 per accident. You will be liable for the difference if the total cost of the medical care exceeds this sum.

  • accident2 icon

    Property Damage Liability

    Drivers in Mississippi must carry property damage liability insurance with a minimum limit of $25,000. If you are responsible for an accident that causes property damage to the other person, your liability insurance will cover up to $25,000 of the expenses. You will be liable for costs exceeding that amount.

MoneyGeek recommends buying liability insurance with bodily injury limits of at least $300,000 per accident and $100,000 per person and $100,000 in property damage.

If you're still paying off your automobile loan, MoneyGeek recommends comprehensive and collision coverage. It will cover repairs to your car if it is damaged by animals, bad weather or vandals.

Collision insurance will pay to repair or replace your car if it is damaged in an accident with another vehicle or a stationary item like an electric pole. Luxury car owners should get comprehensive and collision insurance, even if they didn't finance or lease their vehicle.

Car Insurance Alternatives in Mississippi

There are options for motorists in Mississippi who do not currently have auto insurance. As an alternative to purchasing auto insurance, you may pay a $15,000 surety bond or deposit with the state. However, if you cause an accident and the resulting costs exceed the deposit or bond, you will be responsible for the remaining amounts.

FAQs About Car Insurance in Mississippi

It's typical to have concerns regarding the cost and value of one's auto insurance. We've answered some frequently asked questions about Mississippi auto insurance below.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.