How Much Is Flood Insurance in Mississippi? Average Flood Insurance Cost and Coverage


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Updated: May 22, 2024

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Flood insurance costs in Mississippi are determined by various factors, including your location and property risks like the ground elevation of your home and proximity to flooding sources.

You can check a local flood map to see if you are in a flood zone. If you are in a flood zone, MoneyGeek recommends purchasing flood insurance. The Federal Emergency Management Agency (FEMA) estimates that an inch of water in your home can cause damages of up to $25,000.

Standard homeowners and renters insurance policies do not include coverage for floods, so purchasing coverage can protect your home and wallet.


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On average, residents of Mississippi pay more for flood insurance than the national average.

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Newton County has the most expensive flood insurance rates in Mississippi, while Holmes County has the most expensive premiums.

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In Mississippi, Amite County has had the fewest flooding events since 1996.

Average Cost of Flood Insurance in Mississippi

The average cost of flood insurance in Mississippi is $850 per year. Average flood insurance rates in a state vary depending on flood-prone areas and individual property risks. Areas that have a higher risk of flooding typically incur higher flood insurance rates.

Average Cost of Flood Insurance by County in Mississippi

Mississippi residents pay more for flood insurance compared to the average national rate. This could be because Mississippi has many flood-prone areas.

MoneyGeek analyzed flood insurance costs in Mississippi and found that Newton County is the cheapest, at an average of $546 annually, while Holmes County is the most expensive, at roughly $2,341 yearly.

You can see the average flood insurance cost in Mississippi by county below.

Mississippi Flood Insurance Cost Per County
ADAMS COUNTYAverage Cost$1,095
ALCORN COUNTYAverage Cost$1,482
AMITE COUNTYAverage Cost$785
ATTALA COUNTYAverage Cost$1,045
BENTON COUNTYAverage Cost$1,860
BOLIVAR COUNTYAverage Cost$716
CALHOUN COUNTYAverage Cost$796
CARROLL COUNTYAverage Cost$613

Companies That Offer Flood Insurance in Mississippi

In Mississippi, you can purchase flood insurance from the NFIP or from private insurers. Private insurers may offer a base policy similar to an NFIP policy or an excess policy with supplemental coverage on top of a base policy.

If you don't live in an NFIP community or want more coverage than what is offered by the NFIP, using a private insurer could be your best option.

Private Flood Insurance Providers in MS and Their Contact Numbers
Company
Contact

Neptune Flood

727-202-4815

Aon Private Flood

888-281-0684

Hiscox - FloodPlus

866-283-7545

FloodSimple Insurance Services

844-803-8788

Chubb

866-324-8222

The NFIP also partners with insurance companies to provide flood insurance In Mississippi. You can review NFIP-participating providers in the table below.

NFIP-Participating Flood Insurance Providers in State and Their Contact Numbers
Company
Contact

Allstate Insurance Company

(800) 527-2634

American Nat. Prop. & Casualty

(417) 887-4990

American Strategic Ins. Corp.

(866) 274-8765

Assurant

(800) 423-4403

Auto Owners Insurance Co.

Refer to the Agent locator

Bankers Insurance Group, DBA: First Community Insurance Company

(800) 627-0000

Centauri Specialty Ins. Company

(866) 318-4113

Coastal American Insurance Company

(855) 836-4950

How to Purchase Flood Insurance and Its Coverage Requirements

If you need to purchase flood insurance in Mississippi, there are no special requirements. You need to call the NFIP through their hotline (877-336-2627), contact your home insurance agent or contact private providers in your area.

Flood insurance has a waiting period of up to 30 days through the NFIP or 10 days from private insurers in Mississippi. Talk to your provider to verify this waiting period.

What Does Flood Insurance Cover in Mississippi?

Flood insurance typically protects building structures and contents against flood damage. Even an inch of water in your home can cause $25,000 in damages.

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MONEYGEEK EXPERT TIP

In flood insurance, a “flood” specifically refers to water damage resulting from a natural phenomenon or weather event. Your policy will not cover unnatural water damage.

Flood insurance does not cover damages to swimming pools, decks, patios, landscaping, cash and paperwork, basement items or vehicles.

Flood Insurance Building Coverage

Flood insurance includes building coverage, which helps to pay for repairs or to replace the physical structure of your home when damaged by a flood. The NFIP offers building coverage of up to $250,000.

Some of the structures and systems covered under building coverage include:

  • Foundation walls
  • Electrical systems
  • Plumbing systems
  • Furnaces, central heating and air conditioning
  • Built-in appliances
  • Permanent carpets
  • Built-in furniture

Flood Insurance Contents Coverage

Flood insurance covers flood damage to the contents or personal belongings in your home under the contents coverage. Through the NFIP, you can purchase up to $100,000 worth of content coverage.

Some of the contents protected under this coverage include:

  • Clothing
  • Furniture
  • Electronic equipment
  • Washers and dryers
  • Artwork

Factors That Affect Flood Insurance Costs in Mississippi

Before October 2021, flood insurance costs were determined based on your proximity to a flood zone. You can use FEMA’s resources to check the historical flood risk of your state.

FEMA found that Hinds County had the most flooding events since 1996, at 123, while Amite had the least at 12. Flood insurance costs an average of $1,334 per year in Hinds County compared to around $785 for Amite County.

Hinds County historically has the most flooding events, but it is not the most expensive in the state. This is because size is also a factor in determining rates.

Risk Rating 2.0

Risk Rating 2.0 is a system that creates fairer premiums for flood insurance. It was introduced by FEMA in October 2021 and bases rates on individual property risks, including:

  • Foundation type
  • Dwelling structure
  • Elevation
  • Replacement and repair costs
  • Frequency of flooding
  • Proximity to bodies of water

Your location is still a major aspect in determining your premiums.

MoneyGeek explains the factors affecting the average flood insurance cost in Mississippi.

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    Flood Risk

    With Risk Rating 2.0, flood risk is now determined on an individual basis. This means that rates can vary even between neighbors depending on flood risk. Premiums in high-risk flood areas can be significantly higher compared to low-risk zones.

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    Coverage Type

    Flood insurance rates can change depending on the amount of coverage, with higher coverage costing more. Coverage levels may also vary depending on your county.

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    Deductible

    Choosing a flood insurance policy with a higher deductible can lower your premium. Deductibles can range from $1,000 to $10,000, but you will need to pay this amount when filing a claim.

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    Age of Structure

    Older structures that are at a higher risk for damage cost more to insure than newer structures.

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    Structure Design

    Flood insurance rates may vary depending on the design and materials used in the structure of your building.

Do You Need Flood Insurance in Mississippi?

Flood insurance is a good investment since flooding can happen to any home. In high-risk flood zones, government-backed mortgages and lenders will require you to purchase coverage.

FEMA recommends flood insurance for added protection even if you live in a low or moderate-risk flood zone. Standard homeowners and renters insurance policies do not cover floods, so buying a flood insurance policy provides peace of mind.

Even without a presidential disaster declaration, flood insurance will pay claims and may even be more than federal disaster assistance, which can include a loan or a grant of up to $5,000 per household.

Frequently Asked Questions About Mississippi Flood Insurance

MoneyGeek answered frequently asked questions to help you learn more about flood insurance in Mississippi.

What is the average cost of flood insurance in Mississippi?
Which companies offer flood insurance in Mississippi?
What kind of damage does flood insurance cover?
What affects flood insurance rates in Mississippi?

About Mark Fitzpatrick


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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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