Home insurance in Mississippi costs about $448 monthly, or $5,374 annually on average. Residents pay $228 more per month, or $2,739 more annually, than the national average, making it the fourth most expensive state for home insurance.
Average Home Insurance Cost in Mississippi
Updated: May 29, 2025
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Rates updated:
Jun 06, 2025
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Key Takeaways
Mississippi home insurance costs about $5,374 per year, with annual rates ranging from $2,186 to over $30,596, depending on various factors.
Mississippi's home insurance premiums are the fourth most expensive in the country, at 104% over the national average.
To find the best home insurance in Mississippi, determine your coverage needs, research providers and costs and gather multiple quotes.
How Much Is Home Insurance in Mississippi?
| Mississippi Average | $448 | $5,374 | 104% |
| National Average | $220 | $2,635 | 0% |
*These rates represent a home built in 2000 out of frame with $250K dwelling, $125K personal property and $200K liability coverage with a $1,000 deductible.
Why Is Home Insurance so Expensive in Mississippi?
Home insurance is expensive in Mississippi mainly because of the increasing number of claims, the high risk of severe weather and natural disasters, rising material and labor costs and state insurance laws. Below, we explain each factor in detail:
Rising Claims
When homeowners file more claims, insurers often raise rates to cover the increased risk of payouts. Frequent claims can indicate a higher likelihood of future claims, prompting insurers to charge more to offset these potential costs.
High Weather Risks
Areas with elevated risks of natural disasters, such as hurricanes or wildfires, typically see higher home insurance premiums. Insurers adjust rates to account for the greater chance of costly claims resulting from weather-related damage.
Rising Material and Labor Costs
As the costs for building materials and labor rise, so does the cost to repair or rebuild homes. Insurers increase premiums to ensure they can cover these higher expenses in the event of a claim.
State Insurance Laws
State-specific insurance regulations can impact the cost of home insurance. Mandates on coverage requirements or rate-setting processes can lead to higher premiums if they result in increased costs for insurers.
What Affects Mississippi Home Insurance Costs?
Like for most home insurance companies, pricing is mostly affected by these factors:
- Location
- Coverage chosen
- Home build details
- Provider chosen
- Credit
- Claims history
Below, we'll highlight how much each factor affects rates specific to Mississippi for these major factors.
How Much Does Coverage Affect Home Insurance Costs?
Coverage choices are the second most influential factor in Mississippi home insurance rates, averaging from $2,681 to $15,639 annually. Higher coverage limits and lower deductibles increase premiums, while lower limits and higher deductibles reduce costs.
| Lowest | $100K Dwelling / $50K Personal Property / $100K Liability | 2000 | $223 | $2,681 |
| Highest | $1MM Dwelling / $500K Personal Property / $1MM Liability | 500 | $1,303 | $15,639 |
How Much Do Home Details Affect Home Insurance Costs?
Home details like age, construction materials and roof type are the third most influential factor in Mississippi homeowners insurance rates, averaging from $174 to $452 per month. These factors affect replacement costs and the risk of damage or theft, leading to rate differences.
| Lowest | New | Superior | Tile | $174 | $2,087 |
| Highest | Old | Frame | Shake-Treated | $452 | $5,425 |
How Much Does the Provider You Choose Affect Home Insurance Costs?
Your choice of insurer is the fourth most influential factor in Mississippi home insurance rates, with prices ranging from 47% below to 166% above the state average.
| Lowest | Mississippi Farm Bureau | $222 | $2,668 |
| Highest | Travelers | $1,114 | $13,364 |
How Much Does Credit Affect Home Insurance Costs?
A higher credit score makes you appear more reliable, which can lower your home insurance costs. Premiums vary by up to 66%, with annual average rates ranging from $3,147 to $12,212.
| Lowest | Excellent | $262 | $3,147 |
| Highest | Poor | $1,018 | $12,212 |
How Much Does Claims History Affect Home Insurance Costs?
In Mississippi, claims history has a smaller impact on cost than other factors. Based on your claims history, rates can be affected by up to 9% or $950 annually. Keeping a clean claims record can help maintain lower premiums.
| Lowest | Claim free for 5+ years | $418 | $5,018 |
| Highest | 2 claims in past 5 years | $497 | $5,968 |
Tips to Save on Mississippi Home Insurance
With high home insurance costs in Mississippi, saving on premiums is crucial, whether you're buying a home or cutting expenses. Here are tips to help you secure the best and cheapest home insurance in Mississippi tailored to your needs.
- 1
Find How Much Coverage You Need Beforehand
Determining how much home insurance you need before buying allows you to frame how you search for coverage and avoid being oversold by agents. In addition to standard coverage options, consider if you need add-ons to protect any additional items you own. Learn more about determining how much home insurance you need.
- 2
Research Costs and Discounts Beforehand
To determine if you’re getting a good deal, understand the average costs for you and your home. Also, ask agents about all available home insurance discounts, as some insurers apply certain reductions only if requested.
- 3
Compare Multiple Providers Through Different Avenues
Compare multiple insurers apples to apples to find the best coverage for your needs. Use various methods, including online comparison sites, brokers, provider websites, and agents, as quotes vary significantly across these channels.
- 4
Consider Bundling Policies
Bundling policies can lead to significant savings. For example, combining home and auto insurance in your area can save you a notable percentage on home insurance and substantial yearly savings on both. Check out details on combining home and auto insurance in Mississippi.
- 5
Reduce Your Personal Risk Profile
To get cheaper premiums on your home, consider making improvements like adding storm shutters or home security systems. Also, improving your credit score can decrease premiums drastically. For example, moving from a fair to a good credit score can save you 28% on average.
- 6
See if You Are Eligible for State Programs
Some state programs can help get affordable coverage if you're denied traditional home insurance coverage. For instance, Mississippi offers the TFPA policy to insure you if traditional insurers deny you coverage. While TFPA plans don’t offer the same coverage amount as traditional policies, they meet mortgage requirements.
Mississippi Home Insurance Calculator: Bottom Line
Home insurance costs vary, mainly by location and coverage. Find affordable rates by researching your needs and checking average costs. Use our estimate tool for the best deal.
Homeowners Insurance Calculator Mississippi: FAQ
The cost of homeowners insurance in Mississippi depends on several factors. To help you estimate your expenses, MoneyGeek answers common questions about home insurance in the state.
How much does homeowners insurance cost in Mississippi?
Mississippi's average monthly home insurance cost is $448 for a dwelling coverage of $250K. However, your rate will depend on factors like your credit score, liability and property coverage limits and deductible.
How do I know how much dwelling coverage to get?
Homeowners can estimate their required dwelling coverage by calculating the cost to replace their home after damage, often with help from an appraiser. While this study uses a baseline coverage of $250K, you can use the MoneyGeek homeowners insurance calculator to find the best coverage limit for your needs.
What factors affect home insurance costs the most?
The biggest factors affecting home insurance costs are your location, chosen coverage level and provider. Your credit score and home details also play a crucial role.
How We Determined Our Mississippi Home Insurance Estimates
When determining the average cost of home insurance in Mississippi, we used a base profile for a simple estimate consistent with the following:
- $250,000 dwelling coverage
- $125,000 personal property coverage
- $200,000 liability coverage
- Home built year: 2000
- Construction type: Frame
- Roof type: Composition
- $1,000 deductible
- No claims in the past 5+ years
- Fire protection level of 3
However, rates will vary widely depending on factors such as coverage level, provider chosen, the age of the home, other features of the home, insured credit and claims history, among other factors. All other combinations presented in this article assume the home was built in 2000.
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.