Mississippi Farm Bureau is the cheapest home insurance option for most homeowners in Mississippi, with an average monthly savings of $277. Below is a summary of the most affordable providers in the state.
Cheapest Home Insurance in Mississippi
Updated: May 27, 2025
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Key Takeaways
Mississippi Farm Bureau and State Farm offer the lowest-cost home insurance in Mississippi overall, with potential savings of up to 66%.
Mississippi Farm Bureau offers the cheapest homeowners insurance in Mississippi if you own a new home or have bad credit.
State Farm offers the most affordable home coverage for those in high-risk fire areas in Mississippi.
What is the Cheapest Home Insurance in Mississippi?
| Mississippi Farm Bureau | $222 | $2,668 | 50% |
| Foremost Insurance | $252 | $3,028 | 44% |
| State Farm | $290 | $3,482 | 35% |
| Nationwide | $367 | $4,401 | 18% |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
THE CHEAPEST COMPANY MAY NOT BE THE BEST FOR YOU
While these companies may offer the lowest rates in Mississippi, evaluating their customer service reputation and coverage options is important. To help, we've created a separate guide to the best home insurance companies in Mississippi, providing a more comprehensive overview.
Cheapest Mississippi Home Insurance Rates by Category
While we’ve listed the cheapest options for most homeowners, those rates may not reflect your specific situation. For instance, while Mississippi Farm Bureau is typically the cheapest overall, it offers the best rates for newer homes. To help, we’ve outlined the cheapest companies on average for common categories.
| Mississippi Farm Bureau | Older Homes | $222 |
| Mississippi Farm Bureau | Newer Homes | $140 |
| State Farm | Homes in High Risk Fire Areas | $290 |
| State Farm | Bad Credit | $417 |
*Rates are modified based on our methodology’s base profile. Newer home estimates are based on a home built in 2023, high-risk fire estimates are for a policy with 8-class fire protection, and bad credit rates assume a poor credit score on the FICO scale.
Compare Personalized Cheap Mississippi Home Insurance
The companies listed above typically provide the best rates for their categories, but actual rates vary based on your unique profile. Use the filter below to get a personalized list of the cheapest providers for your situation.
Data filtered by:Results filtered by:
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Coverage Level:$250K Dwelling / $125K Personal Property / $200K Liability
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Deductible:1000
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Claims History:Claim free for 5+ years
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Credit Tier:Good
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Home Age:Older Homes
| Mississippi Farm Bureau | $266 | $3,196 |
| Foremost Insurance | $276 | $3,317 |
| State Farm | $290 | $3,482 |
| Nationwide | $369 | $4,427 |
| Allstate | $485 | $5,822 |
Cheapest Mississippi Home Insurance By City
Risk factors for insurers vary by location, making some providers more affordable than others. For instance, Foremost Insurance offers the lowest rates in Jackson. However, in other cities, different providers might have more competitive rates.
| Jackson | Foremost Insurance | $217 |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
How To Find the Cheapest Mississippi Home Insurance for You
Finding affordable home insurance in Mississippi can be challenging, but you can significantly lower your costs with some effort. Below are our core recommendations to help you maximize savings on your policy.
- 1
Determine your coverage needs
It's easy to get oversold on coverage when you don't have limits in mind before buying. Determine your home insurance coverage needs beforehand to avoid purchasing too much. Understanding the different types of home protection available helps ensure you don't miss something important.
- 2
Research home insurance cost information
Explore home insurance costs in Mississippi to find affordable options in your area. Be proactive in asking agents about discount opportunities because they won't be applied unless specifically requested.
- 4
Compare multiple companies apples to apples
To ensure you’re getting a good deal, compare quotes for the same coverage. Once aligned, gather as many quotes as possible using different methods to find the best rate.
- 5
Use state-provided programs
If you have a high-risk profile and face coverage denials or unaffordable rates, Mississippi offers state programs through the Mississippi Windstorm Underwriting Association for coastal wind and hail coverage and the Mississippi Residential Property Insurance Association for fire and extended coverage. These programs provide coverage for those denied by traditional insurers, often at a lower cost than insurers willing to approve you.
Cheap Home Insurance Mississippi: Bottom Line
Mississippi Farm Bureau, Foremost Insurance, and State Farm are typically Mississippi's most affordable home insurance options, regardless of your profile or home. If you’re denied coverage, the state program offers low-cost policies. Still, compare multiple companies, research costs and identify your coverage needs before deciding.
Cheapest Home Insurance Mississippi: FAQ
Below are answers to frequently asked questions about the cheapest home insurance in Mississippi.
What is the cheapest home insurance company in Mississippi?
Mississippi Farm Bureau offers the lowest rates for newer homes in Mississippi at $140 per month or $1,678 per year. However, homeowners with older properties or higher fire protection needs may find better rates with State Farm or Mississippi Farm Bureau.
How expensive is home insurance in Mississippi?
Mississippi has the 15th-highest home insurance rates in the U.S.
How much is home insurance in Mississippi?
You should have enough home insurance to rebuild your house, cover your personal belongings, protect against local risks, and insure any special property.
While not legally mandatory without a mortgage, home insurance is required by lenders to cover the total replacement value of your house. Ensure your policy mirrors the actual value of your contents and additional risks in your area, plus coverage for unique assets.
How much home insurance do I need?
You should have enough home insurance to rebuild your house, cover your personal belongings, protect against local risks, and insure any special property.
While not legally mandatory without a mortgage, home insurance is required by lenders to cover the total replacement value of your house. Ensure your policy mirrors the actual value of your contents and additional risks in your area, plus coverage for unique assets.
How We Found the Cheapest Home Insurance Companies in Mississippi
To determine the cheapest home insurance companies in Mississippi, we assumed the following base profile:
- $250K dwelling coverage
- $125K personal property coverage
- $200K liability coverage
- Home built in 2000
- Frame construction
- Composition roof
- $1,000 all perils deductible
- No claims in the past 5+ years
- 3-class fire protection
All other combinations were adjusted based on this profile to provide a more accurate comparison for your specific situation. However, these figures are estimates, and we recommend comparing quotes from multiple providers to secure the best deal.
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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.