Best Cheap Car Insurance Companies for High-Risk Drivers in Mississippi


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Updated: May 20, 2024

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Your auto insurance rates will increase significantly if you have a history of reckless driving. Shopping around and comparing quotes from several car insurers is a surefire way to ensure you receive the best rate.

Among insurance providers that cover high-risk drivers in Mississippi, Travelers offers the most competitive rate at around $1,136 per year and excellent customer service. However, your actual rate may differ based on factors such as your profile, driving record and coverage requirements.

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Best Companies for High-Risk Drivers in 2023

Insurers believe high-risk drivers will submit more insurance claims. If you have at-fault accidents, tickets, violations or a DUI on your record, you may be considered high-risk. Also, lack of driving experience makes teen drivers risky to insure.

Insurance companies charge higher rates to cover expected accidents. High-risk drivers in Mississippi pay 28% more for auto insurance compared to drivers with clean records.

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WHAT EXACTLY IS A HIGH-RISK DRIVER?

A motorist who has a history of serious traffic offenses is considered high-risk. These include drag racing, driving while intoxicated or under the influence of drugs or alcohol and driving a vehicle with a suspended or revoked license.

With a clean driving record, insurance companies may still regard you as a high-risk driver. The following are some examples of high-risk drivers:

  • Drivers with a history of traffic violations or at-fault accidents
  • Drivers with a DUI conviction
  • Drivers caught driving with a suspended or revoked license
  • Young drivers with a lack of driving experience
  • Drivers who drive sports cars or participate in drag racing
  • Drivers with bad credit or lapses in insurance coverage

Cheapest Car Insurance in Mississippi for High-Risk Drivers

MoneyGeek found that Travelers provides the most affordable coverage for high-risk drivers in Mississippi. The average yearly premium for a policy from this provider is $1,136.

Read MoneyGeek's in-depth review of Travelers car insurance to learn about its pros, cons and costs for various driver profiles.

TravelersAnnual Premium$1,136
State FarmAnnual Premium$1,169
AllstateAnnual Premium$1,340
NationwideAnnual Premium$1,499
GEICOAnnual Premium$1,896
ProgressiveAnnual Premium$2,254
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SR-22 INSURANCE

Mississippi high-risk drivers must file SR-22 insurance with the state to receive auto insurance. This form is proof that you meet your state's minimum liability coverage requirements.

Best Car Insurance in Mississippi for High-Risk Drivers

Travelers received a 93 out of 100 in MoneyGeek's assessment as the top auto insurance provider for high-risk drivers in Mississippi. Our Travelers review evaluates the company's coverage, average rates and customer service ratings.

State Farm is the second-best insurer for high-risk drivers in the state of Mississippi. State Farm received a MoneyGeek score of 91 out of 100. MoneyGeek’s State Farm review provides an assessment of its premiums, service quality, complaint ratings and discounts.


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State FarmBest for High-Risk Drivers
Score:96

5/5

Affordability Rating

5/5

Satisfaction Rating

4.5/5

Claims Rating

5/5

Financial Stability Rating

Geek Quick Take
Geek Quick Take

Mississippi's high-risk auto insurance rates from State Farm average $1,169 per year. High-risk drivers may pay up to 11% more for insurance than safer drivers with this provider.

More About State Farm

State Farm, which is available in all 50 states, provides affordable auto insurance to drivers with driving violations. The company provides coverage for roadside assistance and ridesharing, but not original equipment manufacturer (OEM) coverage.

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Travelers
Score:70

2.9/5

Affordability Rating

5/5

Satisfaction Rating

4/5

Claims Rating

5/5

Financial Stability Rating

Geek Quick Take
Geek Quick Take

In Mississippi, high-risk drivers can expect to pay an annual premium of about $1,136 with Travelers, which is 23% more expensive than premiums for drivers with clean records.

More About Travelers

Travelers offers affordable coverage for high-risk drivers in Mississippi. It offers coverage options such as gap insurance, new car replacement, accident forgiveness and roadside assistance. The company also received high scores for stability, customer satisfaction, claims and affordability.

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MONEYGEEK EXPERT TIP

If you are on a budget, you shouldn't have to forgo quality. Finding low-income car insurance in Mississippi might be beneficial. Although Mississippi has no government-sponsored auto insurance program to help low-income drivers, minimum coverage or pay-per-mile insurance may be good alternatives to standard auto insurance.

Cheapest Car Insurance in Mississippi for Drivers With a DUI

According to MoneyGeek's analysis, State Farm has the most affordable rates in Mississippi for drivers with a DUI conviction, averaging $1,127 per year. Consider our State Farm review to get more information about the company's policies, savings opportunities and customer service feedback.

USAA is another low-cost alternative for obtaining high-risk auto insurance in Mississippi. Keep in mind that USAA policies are only available to active and former military personnel and their families.

State FarmAnnual Premium$1,127
TravelersAnnual Premium$1,378
AllstateAnnual Premium$1,471
NationwideAnnual Premium$1,781
ProgressiveAnnual Premium$2,149
GEICOAnnual Premium$2,926
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LOOK-BACK PERIODS

The duration that a DUI stays on your driving record is called the "look-back period." While look-back periods are not uniform throughout the country, they are often lengthy in order to accommodate the criminal sentencing of repeat offenders. The look-back period in Mississippi is five years.

Cheapest Car Insurance in Mississippi for Teenage Drivers

According to MoneyGeek's research, State Farm offers the cheapest annual insurance premiums to young drivers at around $4,225.

Insurance companies impose high premiums on teenage drivers because of their inexperience. To find out more about State Farm's auto insurance options, see MoneyGeek's review of the company.

State FarmAnnual Premium$4,225
NationwideAnnual Premium$4,524
AllstateAnnual Premium$5,313
GEICOAnnual Premium$5,447
ProgressiveAnnual Premium$10,489
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MONEYGEEK EXPERT TIP

Auto insurance premiums for students and new drivers can double or even triple the rates available to the average, safe driver. Nonetheless, MoneyGeek recommends full coverage for young drivers. The peace of mind you'll have in case of an accident is well worth the expense of a full coverage policy. Shopping around and comparing rates is an excellent idea for new drivers looking for inexpensive auto insurance.

Cheapest Car Insurance in Mississippi for Drivers With Bad Credit

Nationwide offers the lowest rates to drivers in Mississippi with poor credit, averaging $1,389 annually. The Nationwide car insurance review analyzes the pros and cons of the company, including the rates and quality of service.

NationwideAnnual Premium1,389Percent Change29%
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MONEYGEEK EXPERT TIP

Credit scores have an impact on the cost of auto insurance. This means that your auto insurance premiums will be more than they would be for someone with good or excellent credit. Drivers with poor credit may find it difficult to afford sufficient auto insurance coverage unless they shop around and compare rates.

Drivers with poor credit looking to get car insurance in Mississippi should conduct extensive research to find a provider with a favorable offer.

How Much Does Car Insurance Cost for High-Risk Drivers in Mississippi?

When evaluating a driver’s risk level, auto insurance providers often look at history and profile. As a result, high-risk drivers often pay higher rates.

For example, high-risk drivers in Mississippi pay an average of $1,549 per year for coverage. That’s over $400 more than what a driver with a clean record would pay at around $1,082 annually.

Annual Car Insurance Cost in MS for Low-Risk vs. High-Risk Drivers

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Annual Premium

Low-Risk Driver

$1,082
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Annual Premium

High-Risk Driver

$1,549
In Mississippi, high-risk drivers pay:$467 more

This is 43% more expensive.

You can use MoneyGeek's calculator to get an idea of how much you'll pay for auto insurance in Mississippi based on your specific profile, vehicle and driving record. In addition, the auto insurance calculator can help determine which factors have the most impact on your rates.

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Rates updated:

Jul 22, 2024

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Can You Still Get Car Insurance in Mississippi if Insurers Refuse to Insure You?

The state of Mississippi requires all drivers to have liability insurance at a minimum. However, since insurance is a voluntary market, auto insurers have the right to decline coverage if they consider you too risky to insure.

Your best bet in this situation is to get in touch with Mississippi’s Automobile Insurance Plan Service Office (AIPSO) and ask for a residual market plan. For almost 50 years, the insurance industry has depended on AIPSO, a nationwide, non-profit organization that serves the auto insurance residual market.

Mississippi Automobile Insurance Plan

The Mississippi Automobile Insurance Plan (MSAIP) provides car insurance to drivers who have had challenges obtaining insurance in the voluntary market.

MSAIP can be assigned to consumers who have a valid Mississippi driver's license and a car registered in Mississippi.

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    Office Hours

    Monday–Friday, 8 a.m.–4 p.m. CT

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    Email

    southeast@aipso.com

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    Phone

    (800) 301-6477

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    Fax

    (800) 677-7247

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    Mailing Address

    Southeast Region, P.O. Box 6530,
    Providence, RI 02940-6530

Compare Auto Insurance Rates

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

Frequently Asked Questions

It can be challenging to obtain auto insurance coverage if you are deemed a high-risk driver. To help you in the process, MoneyGeek answered some commonly asked questions regarding high-risk car insurance in Mississippi.

Which car insurance company is best for high-risk drivers in Mississippi?
How much does car insurance in Mississippi cost for high-risk drivers?
Who do insurers classify as a high-risk driver?
Where do I get car insurance coverage in Mississippi if insurers reject my application?

Methodology

MoneyGeek calculated average rates using full coverage car insurance policies with 100/300/100 liability insurance and comprehensive and collision coverage with a $1,000 deductible. Minimum coverage car insurance policy rates were calculated based on each state’s minimum car insurance requirement.

To calculate rates for high-risk drivers, MoneyGeek averaged the premiums insurance companies charge for three of the most common driving violations: speeding, at-fault accident and DUI.

To determine the best car insurance company for high-risk drivers, MoneyGeek scored companies based on affordability, customer satisfaction and complaints — obtained from J.D. Power surveys and NAIC complaint scores — and financial strength ratings as calculated by AM Best. Affordability received the greatest weighting in our calculations.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick 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 knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.


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