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: November 27, 2025
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$220
High
$144
Average
$104
Low
Rates updated:
Dec 20, 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
The sections below show how each factor affects car insurance rates in Mississippi.
How Much Does Coverage Affect Home Insurance Costs?
Coverage choices range from about $2,681 to $15,639 per year. Higher coverage limits and lower deductibles lead to higher premiums, while lower limits and higher deductibles result in lower 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 such as age, building materials and roof type affect Mississippi homeowners insurance rates. The costs range from about $174 to $452 a month.
| 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?
Depending on the company, prices range 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 signals reliability to insurers. Premiums can differ by as much as 66%, with average yearly rates going 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?
Filing claims increases rates by up to 9% or roughly $950 annually.
| 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
Home insurance costs are high in Mississippi, so finding ways to save on premiums is important whether you’re buying a home or trying to cut expenses. These tips can help you secure the best and cheapest home insurance in Mississippi for your needs.
- 1Find How Much Coverage You Need Beforehand
Check how much insurance you need before buying to guide your search and avoid being oversold by agents. Along with standard coverage options, look into add-ons that protect any extra items you own. Make sure to learn more about how much home insurance you need before choosing a policy.
- 2Research Costs and Discounts Beforehand
Know Mississippi's average rates for your profile before requesting quotes. Ask agents about all available discounts, as some insurers only apply reductions when you request them specifically.
- 3Compare Multiple Providers Through Different Avenues
Compare multiple insurers to find the best coverage for your needs. Try different methods such as online comparison tools, brokers, provider websites, and agents since quotes often differ across these channels.
- 4Consider Bundling Policies
Bundling home and auto insurance usually saves 15% to 25% on your home premium. Mississippi homeowners save an average of $450 yearly by bundling both policies with one insurer. Learn more about combining home and auto insurance in Mississippi.
- 5Reduce Your Personal Risk Profile
Home improvements help lower premiums. Installing storm shutters, upgrading your roof or adding a security system can cut costs by 5% to 20%. A higher credit score, especially when raised from fair to good, also reduces rates by about 28% on average.
- 6See if You Are Eligible for State Programs
Mississippi offers the TFPA policy for homeowners denied traditional coverage. TFPA plans provide lower coverage limits than standard policies but meet mortgage requirements and cost less than going uninsured.
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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.