Nationwide and State Farm are the best cheap renters insurance companies in Mississippi. Nationwide is the state's top company for affordable rates and has the best coverage options. State Farm has the best customer reputation.
Cheap Renters Insurance in Mississippi
Updated: April 29, 2025
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Key Takeaways
Nationwide is Mississippi's best overall and cheapest renters insurance company, with rates starting at $381 per year.
Renters insurance in Mississippi costs around $42 per month, but average prices range from $32 to $64.
To find the best and most affordable renters insurance, decide on your coverage needs first. Then, research costs and compare many quotes.
Mississippi Renters Insurance Quote Estimates
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Rates updated:
May 09, 2025
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Best Cheap Renters Insurance Companies in Mississippi
| Nationwide | 97 | $32 | $381 |
| State Farm | 91 | $50 | $604 |
| Allstate | 85 | $49 | $594 |
| Mississippi Farm Bureau | 78 | $61 | $733 |
| Foremost | 72 | $64 | $768 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Mississippi
While our list above covers most renters, it may not show your ideal options. We've made a filterable table that matches your profile to help you find the best options in Mississippi.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier:Good
| Nationwide | 97 | $22 | $259 |
| State Farm | 90 | $31 | $368 |
| Mississippi Farm Bureau | 75 | $40 | $476 |
| Allstate | 75 | $46 | $556 |
| Foremost | 74 | $32 | $388 |
Best Mississippi Renters Insurance Reviews
Below are details about our top picks for renters insurance in Mississippi, based on affordability, customer service and coverage options.
Nationwide: Most Affordable Plans
pros
Affordable rates for higher coverage
Most extensive add-on coverage selection
High claims satisfaction ratings
cons
Lower-than-average customer satisfaction ratings
Less affordable for lower property damage coverage levels
COMPANY HIGHLIGHTS
Nationwide is the best overall renters insurance company in Mississippi, with a monthly average rate of $32. It ranks above average in customer and claims satisfaction, according to J.D. Power. The provider's unique coverage options include credit card coverage and add-ons to replace selected personal property up to its actual cash value.
State Farm: Best for Customer Service
pros
High customer satisfaction ratings
Unique discounts
cons
Smaller coverage add-on selection
Low claims satisfaction rating
COMPANY HIGHLIGHTS
State Farm is the second-most affordable renters insurance provider in Mississippi and offers a strong balance between customer experience and coverage options. According to J.D. Power, State Farm ranks seventh in customer satisfaction. Beyond basic renters coverage, customers can find identity theft protection and coverage for electronics like computers.
Average Cost of Renters Insurance in Mississippi
Renters insurance costs about $42 monthly in Mississippi, $22 higher than the national average of $20. These rates reflect a policy with $50K in personal property coverage, $100K in liability limits and a $1,000 deductible. Your rate may vary based on your specific profile.
Below is a table where you can filter key factors affecting renters insurance rates to see average costs tailored to your situation.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement:Covered
| $50K Personal Property / $100K Liability | $42 | $509 |
Mississippi Renters Insurance: Buyer's Guide
Choosing the best and cheapest renters insurance in Mississippi can be tricky. To help you make the best decision, below is a guide to finding your ideal coverage.
How to Find the Best Cheap Renters Insurance in Mississippi
Finding affordable, quality renters insurance can be challenging. Follow these steps to get the best option for you:
- 1
Determine the right coverage level
Before buying renters insurance, determine how much coverage you need. Identify valuable items and assess risks like weather damage and crime. If you have a pet prone to biting, consider that too.
- 2
Research costs and discounts
With a clear idea of coverage needed, research average costs. Compare these rates to the quotes you receive to ensure a good deal. Look into discounts you may qualify for to reduce costs.
- 3
Compare providers
Research provider reputations, costs and coverage options before getting quotes. This helps narrow down the best insurance companies for your needs.
- 4
Consider bundling
Check if bundling renters and auto insurance with your existing provider can save money. Bundling often results in discounts that could cover the cost of renters insurance.
- 5
Get multiple quotes through different channels
Gather at least five quotes with identical coverage from various sources, such as comparison sites, provider websites, brokers and agents. This will ensure you find the most affordable option.
- 6
Compare rates annually
Insurance rates change, so compare options every year. This helps you avoid overpaying by always having the most affordable rental insurance.
How Much Renters Insurance Do I Need in Mississippi?
Mississippi law doesn't mandate renters insurance, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit score and pet ownership. When choosing a policy, consider the value of your belongings, local weather risks, neighborhood crime rates and pet ownership.
Use our calculator below to determine your ideal personal property limits so you know how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Mississippi Renter Risk Considerations
Here are the usual risks for renters in Mississippi, along with coverage options:
- Weather risks: Mississippi faces a high risk of hurricanes, floods, snowstorms or tornadoes in certain areas. Standard coverage may not protect you in high-risk zones, requiring additional coverage.
- Crime risks: Mississippi ranks 26th for property crime and 17th for identity theft and fraud nationwide. Consider adding extra coverage to your renters policy for better protection against property damage.
- Pet ownership: Pet owners should consider pet liability coverage. Check if your provider's standard policy includes pet protection or requires an add-on.
- Property types: Standard policies might not fully cover specialized items like tools, electronics or rental property structures like pools. Look for insurers offering specific add-ons to protect these belongings.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers damage to your property, liability to others and loss of use linked to your rental home. Make your policy more comprehensive by adding extra coverages. Here are some common types of renters insurance coverage:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Pays for damaged or stolen personal items in your rental, up to your policy limit. You receive the actual cash value (depreciated value) unless you have replacement cost coverage, which provides funds for new items. | |
Standard | Pays for medical and legal costs if someone is injured in your rental. Many landlords require tenants to have this coverage. | |
Additional living expenses | Standard | Covers temporary housing costs, including meals, lodging and transportation, when you can't stay in your rental home. Benefits are typically based on a percentage of personal property limits or a set amount, depending on the insurer. |
Natural disasters | Add-on | Separate policies that cover personal property damage caused by earthquakes and floods |
Parts/Equipment | Add-on | Separate policies for tools, appliances and utilities in your rental |
Scheduled property | Add-on | Insures specific valuable items up to a predetermined amount |
Identity theft | Add-on | Protects financially against identity theft, covering stolen funds, legal expenses and monitoring services. |
Pet liability | Add-on | Covers injuries caused by your pet on your rental property, though standard policies may include this |
Modifications | Add-on | Covers custom additions and modifications not part of the original rental property |
Food loss | Add-on | Reimburses any food lost due to covered incidents |
Best Renters Insurance in Mississippi: Bottom Line
Nationwide and State Farm are the best and cheapest overall renters insurance companies in Mississippi. While we recommend these options, you should research and compare multiple companies and quotes to get the best deal.
Renters Insurance in Mississippi: FAQ
Here are answers from our experts to common questions:
What is the cheapest renters insurance company in Mississippi?
Nationwide offers the cheapest renters insurance in Mississippi, with an average annual premium of $381 or $32 per month.
What is the best renters insurance company in Mississippi?
Nationwide is the best renters insurance company in Mississippi, with a MoneyGeek score of 97 out of 100 due to its excellent balance of cost, customer satisfaction and comprehensive coverage options.
How much does renters insurance cost in Mississippi?
Mississippi's average cost of renters insurance is $509 per year or $42 per month, 110% higher than the national average. Annual premiums range from $381 to $768.
Is renters insurance required in Mississippi?
Mississippi doesn't legally require renters insurance, but your landlord might ask for it. Consider your needs and situation to decide if a policy is right for you. Reasons to get renters insurance include financial protection from common risks and liability for third-party injuries.
How We Found the Best Cheap Renters Insurance Companies
To find the cheapest renters insurance in Mississippi, we used this base profile:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
We used this to determine our affordability score for the state (60% of the score).
Other parts of our score included:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
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.
sources
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed April 29, 2025.
- Mississippi Emergency Management Agency. "Types of Disasters." Accessed April 29, 2025.
- U.S. News. "Low Property Crime Rate." Accessed April 29, 2025.