Updated: November 12, 2025
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The average cost of homeowners insurance in Mississippi in 2024 is $5,346, more than double the national average of $2,423. Aside from the amount of coverage, the provider has the largest impact on premiums in Mississippi.
The difference between the lowest and highest premium amounts averages $13,017 per year. If your rates have recently increased, the cheapest home insurance in Mississippi may offer more affordable options.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Nov 27, 2025
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Table of Contents
To establish the average cost of homeowners insurance in Mississippi, MoneyGeek used quotes from multiple providers for a profile that reflects the average homeowner.
These rates reflect the average cost of home insurance in Mississippi as of 2024.
In Mississippi, homeowners pay an annual premium of $5,346 for insurance with $250K in dwelling coverage, $125K in personal property coverage and $200K liability coverage. This rate is $2,923 more than the national average. When deciding how much coverage you need, consider the costs of rebuilding your home, replacing personal property and covering additional structures and liability. A Mississippi policy with $100K in dwelling coverage costs $3,079 annually. If you own a larger home requiring $500K in dwelling coverage, the annual premium increases to $8,780.
| $100K Dwelling / $50K Personal Property / $100K Liability | $3,079 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $5,346 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $8,780 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $12,609 |
Premiums for homeowners insurance in Mississippi vary among providers for similar levels of coverage. The annual cost can range from rates well below the state's average to premiums that exceed it by thousands of dollars.
Review the best homeowners insurance in Mississippi to find the most suitable option. Differences in underwriting criteria, such as the insurer's loss experience and operating expenses in the state, lead to these price disparities.
| Mississippi Farm Bureau | $2,586 |
| USAA | $3,056 |
| State Farm | $3,589 |
| Foremost Insurance | $3,686 |
| Nationwide | $4,118 |
| Allstate | $6,243 |
| Travelers | $14,143 |
Homeowners in Mississippi with excellent credit pay an average annual premium of $3,356 for homeowners insurance, $1,990 less than the state average of $5,346. Those with poor credit pay premiums averaging $13,015 annually, $7,669 above the state average. Credit scores directly influence insurance costs, with lower scores meaning higher premiums due to the perceived risk of claims.
You won't see immediate improvement to your credit score, but long-term efforts can lower insurance rates. Meanwhile, homeowners can compare different insurance providers for better terms. It takes less than 15 minutes to find the most affordable Mississippi home insurers.
| Poor | $13,015 |
| Below Fair | $9,972 |
| Fair | $7,485 |
| Good | $5,346 |
| Excellent | $3,356 |
Your home's roofing material influences your homeowners insurance premium in Mississippi. While not the most significant factor, it plays a role due to the durability and risk profile of the materials used. Homes with tile roofs may have lower premiums because of the material's resilience.
The construction type of your home also affects insurance costs. Materials more resistant to common hazards, such as fire, can lower insurance rates. Homes with superior construction materials see better premiums than those with standard frame construction.
The drop-downs in the table help you see how premiums change based on your home's materials.
| $100K Dwelling / $50K Personal Property / $100K Liability | $3,079 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $5,346 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $8,780 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $12,609 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $16,489 |
Insuring a newly constructed home in Mississippi costs less than covering an existing home. The average annual premium for new homes is $2,816, $2,530 lower than the $5,346 average for older homes. The table shows how premiums vary between new and existing constructions based on the coverage amount.
| Existing Construction (2000) | $5,346 |
| New Construction (2023) | $2,816 |
In Mississippi, homeowners with a five-year claim-free history pay an annual premium of about $5,346 for standard coverage. Those with one claim in the past five years see their average premium rise to $5,804, an increase of $458. Homeowners with two claims within the same period pay an average premium of $6,351, $1,005 above the baseline for those who have been claim-free for five or more years.
| Claim free for 5+ years | $5,346 |
| 1 claim in past 5 years | $5,804 |
| 2 claims in past 5 years | $6,351 |
In Mississippi, hurricanes and tornadoes are the most costly natural disasters for homeowners. Standard homeowners insurance covers wind damage from tornadoes, but hurricane damage can be more complicated. Policies cover wind damage but may exclude flood damage, which can accompany hurricanes. Other natural disasters, such as flooding, aren't covered by standard policies. Get other insurance products for additional protection.
Shopping for home insurance in Mississippi can be straightforward. Here's how to find the best deal for you.
Learn what home insurance covers.
Ask about bundles and discounts.
Pick a deductible that fits your budget.
Buy the policy that meets your needs.
In Mississippi, homeowners can find savings by bundling their home and auto insurance policies. Residents can save up to about $1,152 by opting for a multipolicy bundle, with an average savings of about 16%. This strategy simplifies your insurance management and provides financial benefits. Review the best Mississippi home and auto bundles to maximize multipolicy discounts.
Mississippi homeowners can lower their insurance costs with various discounts.
Ask about potential discounts when requesting a quote.
The cheapest insurer on average in Mississippi is Mississippi Farm Bureau, with premiums around $2,586. For more affordable options, see cheap national providers.
Hurricanes, a common natural disaster in Mississippi, may be covered, but it varies by insurer. Flood damage isn't usually covered, so separate flood insurance can be purchased through the National Flood Insurance Program or a private flood insurer, and some home insurers offer it as an endorsement. Look into insurance products that can protect you from other natural disasters.
The biggest factor impacting homeowners insurance prices in Mississippi is the insurance provider, with premiums ranging from $2,586 to $14,143.
Bundling in Mississippi can save you up to $1,152.
When considering homeowners insurance in Mississippi, have access to reliable resources that can offer guidance and detailed information. Here's a list of valuable resources for homeowners in the state:
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
