Mississippi's average home insurance premium costs $430 per month or $5,161 annually. That's $141 more monthly than the national average, making Mississippi 49% more expensive than typical states. The state ranks as the 6th most expensive for home insurance nationwide.
Average Home Insurance Cost in Mississippi
Updated: January 7, 2026
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Key Takeaways: Mississippi Home Insurance Rates
Mississippi home insurance costs average $430 monthly or $5,161 annually, ranking as the sixth most expensive state for homeowners coverage nationwide.
Determine your coverage needs, gather multiple quotes and research providers to find the best home insurance in Mississippi for your situation.
MoneyGeek's free home insurance calculator helps you estimate costs in seconds without entering any personal information.
How Much Is Home Insurance in Mississippi?
| Mississippi | $5,161 | $3,467 | 49% |
*These rates are for a frame construction home built in 2000 with $250,000 dwelling, $125,000 personal property, $200,000 liability coverage and a $1,000 deductible.
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$220
High
$144
Average
$104
Low
Rates updated:
Jan 15, 2026
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What Affects Average Mississippi Home Insurance Costs?
Mississippi home insurance costs vary based on multiple factors. Your location, coverage limits, home's construction materials, insurance company, credit score and claims history all impact your premium. Each of these elements plays a different role in determining what you'll pay for coverage.
Average Cost of Mississippi Home Insurance by Company
Insurance company choice dramatically impacts Mississippi home insurance costs. Travelers charges $11,328 annually while Foremost Insurance costs $2,558 per year. The most expensive option costs 4.4 times more than the most affordable provider.
| Foremost Insurance | $213 | $2,558 |
| USAA | $234 | $2,811 |
| State Farm | $362 | $4,349 |
| Nationwide | $399 | $4,786 |
| Allstate | $427 | $5,123 |
| Mississippi Farm Bureau | $431 | $5,174 |
| Travelers | $944 | $11,328 |
Average Mississippi Home Insurance Cost by City
Location determines your Mississippi home insurance costs more than almost any other factor. Gulf Coast proximity pushes Biloxi premiums to $804 monthly, while tornado-prone but inland cities like Jackson average $334 monthly. Coffeeville residents benefit from lower natural disaster exposure at $324 monthly.
| Biloxi | $804 | $9,651 |
| Coffeeville | $324 | $3,884 |
| Edwards | $351 | $4,212 |
| Jackson | $334 | $4,004 |
| Pearl | $338 | $4,054 |
Average Mississippi Homeowners Insurance Pricing by Coverage Level
Mississippi premiums scale proportionally with coverage limits. Doubling your dwelling coverage from $250,000 to $500,000 increases annual costs from $5,161 to $8,493. Higher-value homes requiring $750,000 to $1 million in dwelling coverage pay $12,079 to $15,712 annually.
| $100K Dwelling / $50K Personal Property / $100K Liability | $255 | $3,056 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $430 | $5,161 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $708 | $8,493 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $1,007 | $12,079 |
| $1MM Dwelling / $500K Personal Property / $1MM Liability | $1,309 | $15,712 |
Average Mississippi Home Insurance Cost by Credit Score
Credit scores directly impact home insurance costs in Mississippi. Better credit helps you qualify for lower rates since insurers see you as less risky. Annual premiums range from $2,268 to $8,520 based on your credit profile.
| Excellent | $189 | $2,268 |
| Good | $430 | $5,161 |
| Below Fair | $535 | $6,424 |
| Poor | $710 | $8,520 |
Mississippi Homeowners Insurance Costs by House Age
Home age affects insurance costs in Mississippi. Properties built in 2020 average $3,237 annually, while homes from 1980 cost $5,827 per year. Newer homes cost about 44% less to insure compared to older construction.
| Newer | $270 | $3,237 |
| Middle Age | $430 | $5,161 |
| Older | $486 | $5,827 |
Why Is Home Insurance So Expensive in Mississippi?
Mississippi ranks as the sixth most expensive state for home insurance with average annual premiums of $5,161, which is 49% above the national average. Several state-specific factors drive these elevated costs.
High Weather Risks
Mississippi's 44-mile Gulf Coast coastline places substantial portions of the state directly in hurricane paths. According to the National Oceanic and Atmospheric Administration, the state experiences 2.4 disaster events every year, with Hurricane Katrina in 2005 causing over $201 billion in total damages. Even inland areas experience hurricane-related wind and flood damage, contributing to statewide rate increases.
Severe Tornado Activity
Mississippi ranks among the top states nationally for tornado frequency and intensity. The Clarion Ledger reports that Mississippi averages 111 tornadoes annually, given how the state sits in "Dixie Alley," a region with tornado activity comparable to the more famous "Tornado Alley" in the Great Plains. The spring months of March through May see particularly intense tornado outbreaks. This consistent tornado threat increases the likelihood of major property damage claims, prompting insurers to price in higher risk across the entire state.
Rising Construction and Labor Costs
Post-pandemic supply chain disruptions and labor shortages have driven Mississippi construction costs up by double digits. Lumber, roofing materials and skilled labor costs have all increased, directly impacting insurance companies' potential claim payouts when homes need repairs or complete rebuilding. These economic factors affect replacement cost calculations, forcing insurers to raise premiums to maintain adequate reserves for future claims.
Tips to Save on Mississippi Home Insurance
Mississippi home insurance costs continue rising, making it essential to find the cheapest home insurance in Mississippi for your budget. These proven strategies help both new buyers and current homeowners reduce their premiums.
- 1Calculate Coverage Needs
Accurate coverage starts with knowing your home's replacement cost based on today's construction expenses, not its market value. Document your belongings through photos and receipts to determine appropriate personal property limits. Residents in Jackson, Biloxi and other Mississippi cities should consider endorsements for storm damage, water backup and scheduled personal property like expensive jewelry, since standard policies may provide limited coverage for these items.
- 2Research Rates and Discounts
Use MoneyGeek's Mississippi home insurance calculator to estimate fair pricing for your location and home details. Ask insurers about available discounts when gathering quotes. Security systems, newer homes, claim-free records and protective devices like smoke detectors or storm shutters can reduce premiums across Mississippi counties.
- 3Compare Multiple Providers
Collect quotes from at least three insurers, evaluating more than just price. Review customer satisfaction ratings, claims processing speed and financial strength ratings. A lower premium from Tupelo to Gulfport may cost more long-term if the insurer provides poor service or delays claim payments.
- 4Bundle Insurance Policies
Bundle your home and auto insurance with one company and you'll cut costs on both policies right away. Mississippi insurers knock 10% to 15% off bundled policies each year. You'll also simplify your insurance setup since everything's in one place. Insurers in Mississippi often sweeten bundle deals to win your business.
- 5Lower Risk Profile
Reducing your home's risk profile lowers your premium directly. Add monitored security systems, smoke detectors and storm shutters to qualify for safety discounts. A clean claims record saves $822 annually compared to one claim, or $1,513 compared to two claims. Improving your credit from below fair to good saves roughly 20% on Mississippi home insurance premiums, making credit repair financially rewarding beyond just insurance savings.
REVIEW YOUR POLICY ANNUALLY FOR CHANGING NEEDS
Mississippi homeowners should review their coverage every year, especially after major life changes. Your home's value may have increased due to Mississippi's fluctuating real estate market, requiring higher dwelling coverage. Conversely, paying down debt or removing financed items might allow you to adjust coverage and reduce costs.
Set a calendar reminder each year before your renewal date to evaluate whether your current policy still matches your situation. This 30-minute annual review can prevent both overpaying for unnecessary coverage and discovering gaps when you file a claim.
Calculate Mississippi Homeowners Insurance Costs: FAQ
Mississippi homeowners insurance costs depend on your home's location, age and coverage needs. The FAQs below explain what affects your rates and help you estimate potential premiums for your property.
How much will my premium increase after filing a claim in Mississippi?
File a claim in Mississippi and your homeowners insurance jumps by $822 for one claim or $1,513 for two claims compared to keeping a clean record. Mississippi homeowners with no claims pay around $5,161 per year. File once and you're looking at $5,983 annually. File twice and that climbs to $6,674. Claims stick on your record for five years, so you're paying higher premiums the whole time.
How much can I save by choosing a different insurer in Mississippi?
Get quotes from multiple Mississippi home insurers and you could save thousands each year. Foremost Insurance leads with the lowest rates at $213 monthly, beating other state options by a wide margin.
Look at the price gaps between mid-range companies. Nationwide charges $399 per month. Allstate costs $427. That's a $28 monthly difference for nearly identical coverage. Big-name insurers don't always charge the same. Pull quotes from at least three companies to find your best rate.
Does home insurance in Mississippi cover tornado damage?
Yes, standard home insurance policies in Mississippi cover tornado damage. Your policy protects your home, other structures on your property, and personal belongings from tornado winds.
Most homeowners insurance covers wind damage from tornadoes, including damaged roofs, broken windows, and destroyed structures. You will need to pay your deductible before your coverage begins.
Tornado coverage is part of the standard windstorm protection in Mississippi home insurance policies. This means you don't need to buy separate tornado insurance to protect your property from these storms.
Why does home insurance cost more for older homes in Mississippi?
Home insurance for older properties in Mississippi costs 80% more than coverage for newer homes. A house built in 1980 averages $5,827 annually, while a 2020-built home costs $3,237 per year. This creates a substantial $2,590 gap in premiums. Middle-aged homes from 2000 fall between these extremes at $5,161 yearly.
Insurance companies price older homes higher because aging components create more risk. Electrical wiring, plumbing systems and roofing materials deteriorate over time, making breakdowns and water damage more likely. Older homes also present unique repair challenges since replacement parts and materials matching original construction can be expensive and difficult to source.
How can I lower my home insurance costs in Mississippi?
Cut your Mississippi home insurance costs with a few smart moves. Get quotes from multiple insurers since rates vary wildly for the same coverage. Keep a clean claims record and you'll save $822 per year compared to one claim, or $1,513 compared to two claims over five years.
Bump your deductible from $500 to $1,000 and watch $375 drop off your annual premium. You'll pay more out of pocket during a claim, but those yearly savings add up fast.
Call several insurers and ask about discounts for bundling policies, installing security systems or owning a newer home. Stack a few discounts and you'll lower your annual costs without giving up coverage.
How We Analyzed Mississippi Home Insurance Rates
MoneyGeek calculated Mississippi home insurance estimates by analyzing real premium data across different risk factors. This approach shows how your specific situation affects what you pay for coverage.
We used a standard homeowner profile for our analysis: $250,000 dwelling coverage, $125,000 personal property coverage, $200,000 liability coverage and a $1,000 deductible. The model assumes a home built in 2000 with frame construction, composition roof, and no insurance claims filed in the past five years.
This profile matches typical Mississippi homeowners. The $250,000 dwelling amount aligns with median home values across many state markets. Homes built in 2000 represent the most common age group for Mississippi properties, making this a realistic baseline.
Our analysis changed one factor at a time while keeping everything else the same. For home age comparisons, we tested properties built in 1980, 2000 and 2020 with identical coverage and homeowner details. This method reveals how much each factor actually impacts your premium.
Your rates will be different based on your home's construction, roof type, location, coverage amounts, claims record, credit score and insurance company. The rate differences shown here demonstrate which factors matter most when you shop for Mississippi home insurance.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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.
sources
- National Centers for Environmental Information. "Minnesota Billion-Dollar Disaster Events (1980–2024)." Accessed January 15, 2026.
- Clarion Ledger. "A History of Twisters: Tornadoes in Mississippi Since 1950." Accessed January 15, 2026.