Individual factors like age, location and driving history can influence car insurance premium costs. MoneyGeek ranked the best car insurance providers in Mississippi using factors like affordability, customer satisfaction and more. To find the best coverage for yourself and save money, you can shop around and get multiple quotes. When you compare car insurance costs from some of the top-rated companies in Mississippi, you could save up to $877.
The Best Cheap Car Insurance in Mississippi for 2021
The Cheapest and Best Car Insurance in Mississippi
The most affordable car insurance in Mississippi is a minimum liability coverage policy. This meets the mandatory limits of the state.
The cheapest minimum liability car insurance coverage in Mississippi is offered by:
- USAA: $296 per year (USAA insurance is only applicable to former and current members of the military)
- GEICO: $382 per year
The company with the highest minimum coverage rates is Metlife, which costs $782 per year.
Average Cost for Minimun Liability Coverage
The quoted rates are estimated average prices for the minimum liability insurance in Mississippi and should only be used to compare costs among car insurance providers within the state.
These prices are only estimates based on rates for an average Mississippi driver and should not be used to compare insurance prices.
Having the minimum coverage in Mississippi means you get bodily injury and property damage liability protection only. Drivers who wish to get coverage for damages or access to higher liability limits need to purchase a full coverage policy.
A full coverage policy offers better liability limits than a liability-only policy. The policy comes with comprehensive and collision coverage, which protects you from most road or off-road accidents. A full-coverage policy costs more due to the high limits and added protection. To find the best rates, you may need to compare car insurance quotes from several companies.
Companies with the lowest average rates for full coverage in Mississippi are:
- USAA: $646 per year (only available for military members, veterans and their families)
- Travelers: $879 per year
Progressive is the most expensive option, costing $1,523 per year.
Average Comprehensive and Collision Rates in Mississippi
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.
The Best Car Insurance Companies in Mississippi for 2021
According to the research carried out by MoneyGeek, the best auto insurance providers in Mississippi for most drivers are:
- Best Overall: Alfa
- Runner-up: Erie
USAA received the highest score in Mississippi by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
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.
Erie has excellent customer satisfaction and claims processing capability. It also scores well on user satisfaction and financial stability. It may be a good option for drivers who don’t qualify for USAA.
Erie is the best choice for anyone who doesn’t qualify for USAA. They offer features like Erie Rate Lock and those with multiple policies can save up to 25% annually. You can also get safe driving discounts, car safety equipment discounts, discounts for young drivers and more.Read MoneyGeek's Erie auto Insurance Review
USAA offers the highest level of customer satisfaction and claims processing efficiency in Mississippi. It is also the most affordable company even though it only serves current and former military members.
USAA consistently has cheap car insurance rates across the country. The company is also the best car insurance provider in Mississippi. Active military members using this policy can save on their premiums if they park their cars on base. Drivers whose parents are policyholders at the company also qualify for lower costs.Read MoneyGeek's USAA auto Insurance Review
While USAA scores highly in many areas, this provider is only available to military members, veterans and their families.
List of the Largest Insurance Companies in Mississippi
Market share represents the number of premiums written by an insurance carrier divided by the total number of premiums written in the state. Based on the MoneyGeek market share figures, the top three companies in Mississippi are State Farm, Southern Farm Bureau and Allstate. Large companies have higher financial stability, although they may not be the best for all drivers.
- CompanyMarket Share
How to Compare Cheap Mississippi Car Insurance Quotes Online
Most insurance companies in Mississippi allow customers to request quotes through their website.
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. You can also provide your ZIP code below to get quick quotes.
According to MoneyGeek, the most inexpensive companies in Mississippi that may be worth exploring first are USAA, GEICO and Mississippi Farm Bureau.
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
Mississippi drivers with serious traffic violations, such as a DUI, will pay higher car insurance premiums. On average, if you have a DUI, you will be charged an average of $1,953 per year compared to drivers with a clean history who pay $1,112.
The cheapest providers of full coverage car insurance in Mississippi for drivers with a DUI are:
- State Farm: $1,127 per year
- USAA: $1,138 per year (only offered to military members)
In comparison, the most affordable rates for drivers with clean records come from USAA and Travelers.
Average Car Insurance Rates With a DUI
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.
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.
In Mississippi, your car insurance premiums increase if you have a minor driving violation such as a speeding ticket. Drivers without tickets pay an average of $1,112 per year. Drivers with tickets pay $1,370 annually on average.
Top providers of full car insurance coverage in Mississippi for drivers with a speeding ticket are:
- USAA: $726 per year (for military persons)
- Travelers: $1,031 per year
USAA and Travelers offer the lowest rates for Mississippi residents with excellent driving history as well as those with speeding tickets.
Average Car Insurance Rates With a Ticket
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.
Mississippi drivers with poor credit scores pay higher car insurance rates than those with good credit scores. The average cost for good scorers is $1,112 per year. Drivers with low scores pay an average of $1,862.
Insurance companies that offer the best full coverage rates for drivers with poor credit scores in Mississippi are:
- USAA: $1,120 per year (for military personnel)
- Nationwide: $1,389 per year
To compare, the most affordable companies for drivers with good credit scores are USAA and Travelers.
Average Car Insurance Rates 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.
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.
Senior drivers in Mississippi pay more for car insurance than middle-aged drivers and young adults. While other drivers pay an average of $1,112 per year, senior drivers pay roughly $1,147 annually.
The most affordable companies for senior drivers in Mississippi are:
- USAA: $715 per year (exclusive to military members)
- Mississippi Farm Bureau: $801 per year
Although Travelers is the second-cheapest for drivers with a clean driving record, Mississippi Farm Bureau offers lower rates for seniors. USAA is the cheapest for both demographics.
Average Car Insurance Rates 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.
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.
Car insurance carriers in Mississippi charge young student drivers more because they have less experience than adult drivers and are riskier to insure. The average annual cost of car insurance for student drivers is $2,970. This is almost three times what adult drivers pay.
The most affordable full coverage rates for student drivers in Mississippi are from:
- Allstate: $2,600 per year
- Nationwide: $2,883 per year
While USAA and Travelers are the cheapest for adult drivers, Allstate and Nationwide offer the best rates for students.
Average Car Insurance Rates for Students
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.
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
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.
Average Insurance Rate by City in Mississippi
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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
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- National Association of Insurance Commissioners. "2018 Market Share Reports." Accessed January 19, 2021.
- National Highway Traffic Safety Administration. "Traffic Safety Stats." Accessed January 19, 2021.
- NOLO. "DUI Laws by State." Accessed January 19, 2021.