Cheapest Homeowners Insurance in Mississippi (2024 Rates)

Mississippi Farm Bureau is the cheapest home insurance provider in Mississippi, with premiums starting at $1,126 annually for $100K in dwelling coverage. However, remember that the cost of home insurance can differ considerably based on the dwelling coverage selected. Mississippi Farm Bureau ranks as the cheapest provider across varying coverages in Mississippi. Take a look at their rates:

Mississippi Farm Bureau is the cheapest provider for home insurance in Mississippi, with premiums starting at $1,126 annually for $100K in dwelling coverage. Keep in mind, however, that the cost of home insurance can differ considerably based on the dwelling coverage selected.

In Mississippi, the Mississippi Farm Bureau ranks as the cheapest provider across varying coverages. Take a look at their rates:

• Cheapest for $100,000: Mississippi Farm Bureau at $1,126 per year
• Cheapest for $250,000: Mississippi Farm Bureau at $2,586 per year
• Cheapest for $500,000: Mississippi Farm Bureau at $4,063 per year

See how rates differ by dwelling coverage with MoneyGeek's cheap home insurance table.

For residents in Mississippi, the key to affordable home insurance is to gather quotes from several insurers. MoneyGeek’s home insurance calculator simplifies this task, offering Mississippi quotes swiftly without requiring personal information initially.

In Mississippi, homeowners with high-value residences can find the most affordable rates with the Mississippi Farm Bureau, starting at $4,681 annually for $750K in dwelling coverage. As dwelling coverage is a significant factor in home insurance pricing, upscale homes often have heftier premiums.

If you own a high-value home in Mississippi, the Mississippi Farm Bureau is the most affordable provider across varying coverages:

• Cheapest for $750,000: Mississippi Farm Bureau at $4,681 per year
• Cheapest for $1,000,000: Mississippi Farm Bureau at $5,356 per year

Remember, homeowners should get dwelling coverage fitting the replacement cost of their home, not the property value. Navigate MoneyGeek's table below to understand how costs shift with dwelling coverage.

The most affordable home insurance in Mississippi for new homes with $100K in dwelling coverage is offered by the Mississippi Farm Bureau for $714 per year. New homes in Mississippi typically benefit from lower insurance premiums, primarily due to their up-to-date construction that reduces potential claim risks.

For those with new residences, Mississippi Farm Bureau offers the most competitive rates across varying coverages:

• Cheapest for $100,000 dwelling coverage: Mississippi Farm Bureau at $714 per year
• Cheapest for $250,000 dwelling coverage: Mississippi Farm Bureau at $1,626 per year
• Cheapest for $500,000 dwelling coverage: Mississippi Farm Bureau at $2,564 per year

Explore MoneyGeek's table for insights on how insurance premiums adjust for new homes based on dwelling coverage.

In Mississippi, Mississippi Farm Bureau stands out as the most affordable home insurance provider for those with poor credit, offering a rate of $2,489 annually for $100K in dwelling coverage. Credit scores are pivotal in shaping home insurance premiums, as they help insurers predict potential payment defaults.

Here's a snapshot of the most competitive rates for varying coverage levels for those with poor credit:

• Cheapest for $100,000: Mississippi Farm Bureau at $2,489 per year
• Cheapest for $250,000: State Farm at $5,161 per year
• Cheapest for $500,000: State Farm at $8,498 per year

Mississippi residents with poor credit can expect an average difference of $5,481 in annual premiums for $100K dwelling coverage compared to those with good credit. For a detailed analysis, refer to MoneyGeek's table.

Mississippi Farm Bureau consistently ranks as the most affordable home insurance in Mississippi for those with one claim in the past five years. Past claims can determine future insurance premiums, as they can indicate potential risks to insurers.

Check out Mississippi Farm Bureau's rates for varying coverage levels:

• Cheapest for $100,000: Mississippi Farm Bureau at $1,329 per year
• Cheapest for $250,000: Mississippi Farm Bureau at $3,051 per year
• Cheapest for $500,000: Mississippi Farm Bureau at $4,794 per year

A clean claims record can lead to substantial savings. For instance, Mississippi homeowners with two claims in the past five years pay an average of $482 more annually for $100K dwelling coverage than those without claims.

Your home's structural design and roofing choice can influence your insurance premiums in Mississippi. For homes built with a "frame" construction and equipped with a shake-treated roof, Mississippi Farm Bureau stands out as the most affordable option, charging $1,171 annually. Such construction and roofing choices might attract higher premiums due to potential vulnerabilities.

For these homes in Mississippi, here are the best rates for different coverage values:

• Cheapest for $100,000: Mississippi Farm Bureau at $1,171 per year
• Cheapest for $250,000: Mississippi Farm Bureau at $2,689 per year
• Cheapest for $500,000:Mississippi Farm Bureau at $4,225 per year

It's noteworthy that opting for superior construction with a tile roof can lead to an average annual savings of $887 compared to frame-type homes with shake-treated roofs.

In Mississippi, selecting a higher deductible can translate to substantial annual savings. For those considering a $2,000 deductible, Mississippi Farm Bureau offers the best rate at $1,012 per year. However, if you're leaning towards a $500 deductible, the same company charges a slightly higher premium at $1,256 annually.

Here's how the rates stack up for different deductibles with Mississippi Farm Bureau, the cheapest provider in Mississippi:

• $2,000 deductible: Mississippi Farm Bureau at $1,012 per year
• $1,500 deductible: Mississippi Farm Bureau at $1,063 per year
• $1,000 deductible: Mississippi Farm Bureau at $1,126 per year
• $500 deductible: Mississippi Farm Bureau at $1,256 per year

It's worth noting that the deductible is what you pay before your insurance starts covering. On average, Mississippi homeowners can save about $327 annually by choosing a $2,000 deductible over a $500 one.

In Mississippi, Allstate offers the cheapest home and auto insurance with an annual premium of $2,453. Combining these insurances can unlock notable discounts.

• Allstate at $2,453 per year
• State Farm at $2,660 per year

Aside from giving you potential savings, bundling also lets you consolidate your policies, ensuring a smoother insurance experience with a single provider. For more options, check out the best Mississippi insurance bundle.