State Farm offers the best life insurance in Mississippi and nationwide, earning a MoneyGeek score of 99 out of 100 for customer service, affordability, and coverage options. We also recommend GEICO, Haven, Nationwide and Mutual of Omaha as other affordable alternatives for shoppers to consider.
Best Life Insurance Companies in Mississippi (June 2025)
Updated: June 8, 2025
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Key Takeaways
Life insurance rates don’t change by state, but in Mississippi, the best providers are State Farm, GEICO, Haven, Nationwide and Mutual of Omaha.
Nationwide offers the cheapest life insurance in Mississippi and nationwide, with rates starting at $4 per month for coverage.
To get the best life insurance in Mississippi, we recommend deciding on coverage beforehand, researching costs and companies, and comparing plenty of providers.
Best Life Insurance Providers in Mississippi
| State Farm | 99 | $7 |
| GEICO | 98 | $6 |
| Haven | 97 | $8 |
| Nationwide | 97 | $4 |
| Mutual of Omaha | 96 | $5 |
*Rates presented are for coverage levels between $250-$500K for a 20 year term life insurance plan for a 40-year-old man in good health who does not smoke.
Best Life Insurance in Mississippi by Category
While the top life insurance provider is a solid choice for many, your ideal option may depend on your unique profile. Next, we break down the top providers for common profiles to guide your decision.
| Young Adults | Progressive | $2 |
| Seniors | Geico | $21 |
| Smokers | Progressive | $10 |
| High Coverage | Nationwide | $14 |
Compare Personalized Best Mississippi Life Insurance Picks
For a personalized experience, explore our filterable table below to find life insurance recommendations that align with your unique profile, complete with MoneyGeek Scores for quality assurance.
Data filtered by:Results filtered by:
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Age:41-50
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Gender:M
Select
Coverage Level:250k-500k
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Term:10
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Health Level:Excellent
| State Farm | 99 | $7 |
| GEICO | 98 | $6 |
| Haven | 97 | $13 |
| Nationwide | 97 | $5 |
| Mutual of Omaha | 96 | $5 |
| Protective | 95 | $10 |
| Prudential | 94 | $7 |
| Allstate | 92 | $9 |
| AAA | 92 | $8 |
| Transamerica | 90 | $6 |
Rates in this table differ from the main comparison due to the broader age range (41 to 50 vs. 40) and flexible term selection rather than a fixed 20-year term.
How to Find the Best Life Insurance in Mississippi
Below, we've highlighted essential tips to help you find the best life insurance options available for you.
- 1
Decide coverage beforehand
Determining how much life insurance you need before buying is crucial to compare prices fairly. It helps prevent agents from overselling or exceeding your budget. Use this knowledge to focus on finding the right policy.
- 2
Research costs for your profile
Investigate average life insurance costs based on your desired coverage and personal profile. This helps you assess if you're getting a good deal. Generally, your location doesn't impact life insurance rates, so focus on personal factors when looking at prices.
- 3
Compare company reputations
Rates typically don't vary by state, but understanding a company's reputation in your area can lead to better choices. Use resources like J.D. Power, online forums and independent agents to evaluate providers. Coverage options vary by provider, so make sure it offers what you need.
- 4
Compare quotes through multiple avenues
Compare quotes from multiple companies to ensure you get the best value. Pricing varies based on the quote's source, such as an independent agent, an online source or a captive provider agent.
Best Life Insurance in Mississippi: Bottom Line
We found the top three life insurance companies in Mississippi are State Farm, GEICO, and Haven. While these are our recommendations, we urge you to do your own research after deciding what coverage you need.
Mississippi Life Insurance: FAQ
Explore our expert answers to common life insurance questions for residents in Mississippi.
What is the best life insurance in Mississippi?
In Mississippi, State Farm offers the best overall life insurance, with top customer service nationwide, competitive rates, and robust term life coverage options.
How do you get the best life insurance in Mississippi?
To secure the best life insurance in Mississippi, evaluate your coverage needs, compare insurer rates, and review the financial stability and customer service records of insurance companies.
Do life insurance rates differ by state?
No, life insurance rates are generally the same across states since insurers use consistent underwriting criteria nationwide based on age, health and coverage amount. However, minor variations can occur due to state-specific taxes, fees or regulations, and some insurers may not be available in all states, which can affect your options and pricing.
How We Decided the Best Life Insurance in Mississippi
MoneyGeek created a scoring system to compare life insurance companies across five categories and ranked them based on their scores. We selected companies to review based on their broad national coverage and ability to provide an online quote.
MoneyGeek's Scoring System
In our unique scoring system, companies can earn up to five points in each of five categories. We then use these category scores to calculate an overall MoneyGeek score out of 100. We applied the following base weightings to score insurers:
- Affordability: 60%
- Financial Stability: 5%
- Buying Process: 5%
- Customer Satisfaction: 20%
- Product Diversity: 10%
Each company's score incorporates:
- Cost data obtained through online quotes
- Financial strength ratings from AM Best and the number of years in business
- Customer satisfaction data from the National Association of Insurance Commissioners (NAIC) customer complaint index (we reviewed annual complaint data from 2020 to 2022, the most recent year available)
- Availability of tools to aid in the buying process, such as online product materials and multiple payment options
- Diversity of life insurance products offered
Sample Customer Profile
MoneyGeek used a standard profile to obtain life insurance quotes in Mississippi:
- 40-year-old nonsmoker
- Average height and healthy weight
- Excellent health rating
We modified the profile by age, gender, height, weight, tobacco use, health rating and geographic location to collect a variety of quotes and determine the best life insurance company for several types of customers. We collected quotes for term life insurance with varying term lengths and coverage amounts, as well.
When necessary, we identified trends in the dataset and used those patterns to calculate projections and extend the data beyond what was originally collected.
About Mark Fitzpatrick
Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.
Mark earned a master's degree in Economics and International Relations from Johns Hopkins University and a bachelor's degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.