The Cheapest Car Insurance in Mississippi (October 2023)

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.

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.

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.

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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.