The Best Cheap Homeowners Insurance in Jackson, Mississippi for 2024: Quotes and Reviews

If you’re looking to purchase homeowners insurance in Jackson, there are several things to consider. The price of the policy is a primary factor, especially since most policies have similar core coverages.

On average, you can purchase the cheapest homeowners insurance in Jackson with a $250,000 dwelling coverage from:

• Travelers: $1,502 per year
• Allstate: $1,735 per year

The limit for dwelling coverage can be increased for more expensive homes, ensuring that your policy appropriately covers rebuilding costs. For policies with a dwelling coverage of $2 million, the cheapest homeowners insurance in Jackson are offered by:

• USAA: $10,370 per year (only available for military families)
• Allstate: $11,385 per year

You can use the table below to see how a policy’s premium changes when the dwelling coverage limits are adjusted.

Homes in Jackson typically have dwelling coverage limits of $250,000. These policies have personal property limits of $100,000. Policies for homes with a $2 million dwelling coverage limit also have higher thresholds for personal property coverage at $800,000. Regardless of dwelling coverage limits, liability coverage limits for all policies remain at $100,000.

If you live elsewhere in the state, you can still compare statewide home insurance quotes in Mississippi.

The national average for homeowners insurance in the country is $2,103 per year. Homeowners living in Mississippi typically pay $1,377 per year for insurance. Those residing in Jackson, however, pay more. The average cost for homeowners insurance in Jackson is $2,761 annually or $230 monthly.

Where you live has an impact on the cost of homeowners insurance in Jackson. It helps providers understand how vulnerable your home is to extreme weather conditions and property crime. Other factors considered are the limits for dwelling and personal property coverage and your credit standing.

Using MoneyGeek’s insurance calculator allows you to compare quotes in Mississippi.

Although a policy’s price is a factor to consider when purchasing homeowners insurance in Jackson, it shouldn’t be the only one. Ideally, you would want an insurance company that provides fair and efficient service if you make a claim, helping you avoid additional stress.

MoneyGeek compared several companies using an internal rating system and found that the best homeowners insurance companies in Jackson are:

• Best Overall: Travelers
• Runner Up: USAA (can only be purchased by former or current members of the military)

Financial strength, affordability and user experience were the criteria used by MoneyGeek to evaluate home insurance companies.

One factor that affects how much homeowners insurance in Jackson costs is when your home was built. Newly constructed homes are typically cheaper to insure — the materials used are more resistant to damage and, if repairs are needed, easier to replace. Compared to homes built in 2000, which have an average annual rate of $2,761, newly built homes cost $662 less. You only pay $2,099 on average for home insurance each year.

In MoneyGeek’s study, the companies that offer cheap homeowners insurance in Jackson for homes built from 2015 onwards are:

• Travelers: $1,048 per year
• Allstate: $1,270 per year

Purchasing homeowners insurance in Jackson is always encouraged because it doesn’t just protect your home from damages. It also provides coverage for your belongings. The amount of personal property you want to be covered affects your premium. For example, a policy with a $100,000 personal property coverage limit costs $2,761 per year on average. Increasing the limit to $250,000 makes your premium slightly more expensive at $2,876 each year.

Two companies offering cheap homeowners insurance in Jackson for homes with higher personal property coverage limits are:

• Travelers: $1,730 per year
• Allstate: $1,762 per year

All policies contain a deductible — the amount you pay out of pocket before your insurance begins to cover expenses. The lower the deductible, the higher the premium will be. The inverse is also true — policies with higher deductibles mean you may pay more out of pocket, but it costs you a smaller premium annually.

A policy with a $2,000 deductible costs $2,500 on average per year. It’s around 9.5% cheaper than a policy with a $1,000 deductible, which costs around $2,761 per year.

Of the companies analyzed by MoneyGeek, the ones offering the cheapest homeowners insurance in Jackson for policies with a higher deductible are:

• Travelers: $1,371 per year
• Allstate: $1,533 per year

Unlike in some states, your credit score is a factor insurance companies consider when calculating homeowners insurance rates in Jackson, Mississippi. A homeowner with good credit standing pays an average of $2,761 each year. In comparison, a bad credit score more than doubles the rate to $6,077 per year, on average.

Homeowners with poor credit standing can purchase cheap homeowners insurance in Jackson from:

• Farmers: $4,097 per year
• USAA: $4,888 per year (can only be purchased by former or current members of the military)

If you want to compare home insurance quotes in Jackson, getting them online is an efficient way to do it. When requesting a quote, most sites ask for the following information:

• Your home’s replacement cost: This refers to the amount you’ll need to rebuild your home in the event of a total loss. It’s best to have your home assessed by a building contractor or a construction professional to get an accurate number. It determines how much dwelling coverage you’ll need.

• Your personal property’s value: This determines your personal property coverage limit, as it ideally should be enough to cover expenses if your items are damaged or lost. To have an accurate assessment, it’s best to keep an updated inventory of your belongings.

• Your personal information: This includes personal details such as your postal code and insurance history. Insurance providers may also want to know how many people live in your home and whether you have pets.

• Your home’s details: This includes when your home was built and how big it is. It’s also vital to know whether you’ve had remodeling done or installed a security system.

MoneyGeek analyzed seven homeowners insurance companies in Jackson for this study. The baseline homeowner profile is for a 2,500-square-foot home built in 2000. Included in the profile is a $250,000 dwelling coverage limit and $100,000 coverage limits each for personal property and liability. To create a comparison, we also gathered quotes for homeowners with newly constructed homes, increased personal property and dwelling coverages, higher deductibles and poor credit. Using data provided in partnership with Quadrant, we calculated affordability scores by collecting quotes for homes with varying coverage levels. The results from J.D. Power’s surveys determined customer satisfaction ratings.