Motorcycle insurance in Mississippi is subject to the minimum coverage limits that have been stipulated by the state. However, the basic liability coverage may not provide sufficient protection for you and your motorcycle. To help you find the best motorcycle insurance in Mississippi, MoneyGeek compiled rankings of the best and cheapest motorcycle insurance in Mississippi. Our comprehensive analysis scores insurance providers on their affordability, product offerings and financial stability to help you find the best combination of quality coverage and affordability.
Motorcycle Insurance in Mississippi: The Cheapest Quotes and Best Companies
The Cheapest Motorcycle Insurance in Mississippi
For riders in Mississippi, the cheapest insurance policy is usually liability-only coverage. A liability-only policy typically pays for third-party bodily injuries and damage to other people’s property when you cause an accident. Since this type of policy does not cover your injuries or damages to your motorcycle, it is not the best option for the average rider in Mississippi. A policy with collision coverage is a much better option since it ensures that your asset is fully protected.
To identify the cheapest providers for a liability-only cover in Mississippi, we used a profile of a good rider with a liability-only coverage with 50/100/25.
Cheapest Liability-Only Motorcycle Insurance Quotes in Mississippi
On average, the cheapest motorcycle insurance companies in Mississippi for a liability-only policy are:
- Markel: $62 per year
- Progressive: $75 per year
Nationwide is the most expensive option for motorcycle insurance in Mississippi at $153 per year on average. Markel is 59.5% less expensive.
Average Annual Premium for Liability Coverage
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- CompanyAnnual Premium
Cheapest Full Coverage Motorcycle Insurance Quotes in Mississippi
If you want to get the most comprehensive coverage for your motorcycle in Mississippi, a full-coverage policy will offer you the protection you need. Full-coverage policies come with collision coverage and damage protection that covers you from risks such as theft, fire and other events that may lead to loss or damage to your motorcycle. Full-coverage policies also come with a host of additional and optional coverages, such as replacement cost coverage, roadside assistance and accessories coverage. Riders who are making payments on their bike may be required to take a full coverage policy.
For this analysis, we chose coverage for a good rider in Mississippi with 50/100/25 coverage and a $500 deductible for comprehensive and collision coverage.
The cheapest motorcycle insurance companies in Mississippi for a full coverage policy are:
- Dairyland: $276 per year
- Progressive: $279 per year
Compared to the most expensive option, Nationwide, which costs $1,119 per year, Dairyland is cheaper by 75.3%. This means that riders in Mississippi can save significantly on costs by comparing quotes from different providers.
Average Annual Premium for Comprehensive and Collision
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What Is the Average Motorcycle Insurance Cost in Mississippi?
Motorcycle insurance rates in Mississippi vary depending on the provider and coverage you choose. If you opt for a policy with higher coverage limits, you will pay more for your motorcycle insurance. Additionally, factors such as the make and model of your motorcycle, your riding experience, your age and your riding record will also impact the cost of your insurance.
For most riders in Mississippi, the average cost of a full coverage policy is $530 per year or approximately $44 monthly. Compared to the national average of $364 per year, Mississippi rates are higher by $166 or 31%.
Liability-only policies cost significantly less in Mississippi, with the average cost being $107 per year. This is $34 lower than the national average of $141 per year. However, if you choose a liability-only policy, your coverage will not include any personal injury or damage to your motorcycle when you cause an accident.
To determine the average costs of motorcycle insurance in Mississippi, MoneyGeek used a policy with $50,000/$100,000 bodily injury coverage with $25,000 property damage and a $500 deductible for full coverage policies.
Car Insurance Costs by Coverage Type
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- Policy TypeAverage 12-Month Cost in MississippiAverage 12-Month National CostVariance
- Full Coverage$530$364$166
- Liability Only$107$141-$34
The Best Motorcycle Insurance Companies in Mississippi
The best motorcycle insurance in Mississippi was identified using a comprehensive scoring system that incorporates three key metrics, including products and services offered by the insurer, affordability ratings and the financial stability of the company. Using this ranking system, MoneyGeek found that the best motorcycle insurance in Mississippi is Progressive which scored 95/100 in our analysis.
Based on MoneyGeek’s unique ranking system, the top three best motorcycle insurance providers in Mississippi are:
- Customizable coverage options
- Multiple discounts offered
- Can be bundled with other types of insurance
- Discounts may not be available in all states
- Prices can vary depending on how you purchase coverage
- Coverage options may differ by state
Progressive scored highest in MoneyGeek’s rankings, earning 95.25 points out of a possible 100. Riders in Mississippi can get a liability only-policy from Progressive at $75 per year on average, and a full coverage policy costs roughly $279 per year. Progressive ranks best among insurers in Mississippi because it offers a wide range of coverages at affordable prices. With protections such as full replacement cost and personal belongings coverage, riders in Mississippi can customize their policy as needed to suit their needs. Progressive also offers its policyholders multi-policy discounts and optional total coverage for new bikes. Additional discounts may include savings for driving responsibly, paying on time, being a responsible driver and more.
- Prior insurance is not a requirement for coverage
- 24/7 claims assistance by telephone
- Provides coverage and SR-22 documentation
- More expensive than competitors
- Features vary from state to state
- Limited coverage options
With an overall rating of 90.63 out of 100, Dairyland ranks second in Mississippi as one of the best motorcycle insurance companies in the state. On average, a liability-only policy from Dairyland costs $110 yearly, and a full coverage policy costs $276 per year. For Mississippi riders with poor driving records, Dairyland is the best option in the state. Unlike other insurers who may not take on high-risk riders, Dairyland offers coverage and SR-22 documentation for high-risk drivers. Dairyland also offers a wide range of coverage benefits for any type of motorcycle, including guest passenger liability, rental reimbursement and optional special equipment insurance coverage. Beyond their fantastic coverage offerings, Dairyland offers policyholders many opportunities to save money on their premiums, including discounts for being loyal, insuring multiple bikes, taking a rider safety course and more.
- Customizable coverage options for different budgets and preferences
- Riders with good driving records get premium discounts
- Multiple coverage options
- Cannot be bundled with other types of insurance
- Limited customer tools
- Discounts and coverages are not available in all states
Markel is in the top three best motorcycle insurance companies in Mississippi, with a score of 89.97 out of 100 on MoneyGeek’s rating system. On average, a full coverage policy from Markel costs $559 per year, while a liability-only policy costs $62 yearly. For riders in Mississippi who want a customized policy, Markel offers plenty of coverage options for different types of motorcycles. With unique protections such as accessories coverage for safety gear such as helmets and optional mechanical breakdown coverages, Markel ensures that you get maximum protection for yourself and your bike. Markel also offers discounts to policyholders. You can save money by being a safe driver, renewing your policy, taking a safety course and more.
How to Get a Motorcycle Insurance Quote in Mississippi
If you want to compare motorcycle insurance rates in Mississippi, you can get online quotes from different providers by providing the following details:
- Personal information like your age, driving experience and riding record
- The details about your motorcycle
- Your Mississippi ZIP code and address
- Insurance coverage elections (find out more about this below)
How Much Motorcycle Insurance Coverage Do You Need in Mississippi?
Mississippi motorcycle laws and regulations require all riders in the state to have liability coverage that meets the following basic minimums:
- $25,000 per-person bodily injury liability
- $50,000 per-accident bodily injury liability
- $25,000 property damage liability
How Much Insurance Coverage Is Required in Mississippi?
In Mississippi, state laws mandate that riders should have a 25/50/25 coverage. This means that your motorcycle policy should have a minimum limit of $25,000 per person bodily injury liability, a minimum of $50,000 per accident bodily injury liability and at least $25,000 for property damage.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Mississippi?
Mississippi motorcycle insurance laws and requirements do not require riders to have uninsured motorist coverage or underinsured motorist coverage. Personal injury protection (PIP) coverage is also not mandated by law, but most full coverage policies will have these coverages.
If you are a rider in Mississippi, MoneyGeek recommends a full coverage policy of at least 50/100/25. However, you can also opt for a 100/300/100, which offers better coverage at a marginally higher price.
Frequently Asked Questions About Motorcycle Insurance in Mississippi
If you are wondering about options and rates for motorcycle insurance in Mississippi, here are some answers to the most frequently asked questions.
MoneyGeeks compared motorcycle insurance quotes from different providers using varying coverage amounts and driver profiles to determine the cheapest motorcycle insurance provider in Mississippi. A weighted scoring based on affordability (60% weighting), product offerings (30% weighting) and financial stability metrics from AM Best (10% weighting) were used to identify the best motorcycle insurance provider in Mississippi. We used the most recent information from the Mississippi state DMVs to ensure the accuracy of the data.
About the Author
- Dairyland. "Motorcycle Insurance." Accessed May 10, 2021.
- Insurance Information Institute. "2020 Insurance Fact Book." Accessed June 11, 2021.
- Investopedia. "Cheap Motorcycle Insurance." Accessed May 10, 2021.
- Markel Insurance. "Motorcycle Insurance." Accessed May 10, 2021.
- Mississippi Insurance Department. "Auto Insurance." Accessed May 10, 2021.
- Progressive Insurance. "Motorcycle insurance." Accessed May 10, 2021.