Best Renters Insurance in Mississippi (2026)

State Farm, Nationwide and Allstate are the top-rated renters insurance companies in Mississippi based on their affordability, coverage and customer experience scores.

Find out if you're overpaying for renters insurance below.

Written by Mark Fitzpatrick

Updated: March 6, 2026

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Key Takeaways: Mississippi Renters Insurance

With a MoneyGeek score of 4.8 out of 5, State Farm ranks as Mississippi's best overall renters insurance company.

At $134 annually, USAA offers the most affordable renters insurance premiums in the state.

Get quotes from several insurers to find the most competitive rates for your coverage needs.

5 Best Renters Insurance Companies in Mississippi

State Farm tops Mississippi's renters insurance market, scoring 4.8 out of 5 and ranking first in customer experience. Nationwide comes in second with an overall score of 4.5, excelling in multiple categories. Allstate, USAA and Farmers complete the top five.


State Farm	4.78	3	1	2
Nationwide	4.52	2	3	3
Allstate	4.33	5	2	5
USAA	4.31	1	5	6
Farmers	4.29	4	6	1

*Our ratings consider different combinations of coverage levels and renter details to identify the best overall options. Rankings may differ based on your profile.

State Farm

Top Choice for Mississippi Renters

MoneyGeek Rating

4.8/ 5

4.6/5Affordability

5/5Customer Experience

4.8/5Coverage

Average Annual Premium
$303
Average Monthly Premium
$25
J.D. Power Renters Insurance Customer Satisfaction Score
685/1,000

pros
- Ranked #1 overall insurer in Mississippi
- Costs 12% less than the state average at $25 monthly
- Strong coverage options with high-quality protection ratings
cons
- Limited digital tools than newer online-first insurers
- Requires agent interaction rather than direct online purchasing
- Traditional model means slower policy changes and updates
With a 4.8 out of 5 MoneyGeek score, State Farm earns our top recommendation for renters in Mississippi. The company ranks first for customer experience while charging rates below the state average. You'll get personalized support through State Farm's robust local agent network throughout Mississippi.

Compare the Cheapest Renters Insurance Companies in Mississippi

At $134 annually, USAA has Mississippi's cheapest renters insurance for $20,000 in personal property coverage, $212 below the state average of $346. Nationwide comes in second at $238 per year, while State Farm costs $303 and is available statewide. All eight cheapest insurers charge below the state average, with rates from $134 to $674 per year. For the most affordable coverage options, compare cheapest renters insurance policies across multiple providers.

Cheapest Renters Insurance in Mississippi Chart

Average Cost of Renters Insurance in Mississippi

Mississippi renters pay $346 annually for insurance coverage, $150 higher than the national average cost of renters insurance of $196. These figures are based on a policy with $20,000 in personal property coverage, $100,000 in liability limits and a $500 deductible.

Your actual premium is determined by your coverage limits, deductible and location within the state.


MS	$346	$150

Mississippi's renters insurance costs vary by up to $258 across different cities. Edwards offers the most affordable rates at $285 annually, $93 below the state average, while Biloxi charges the highest premium at $543 per year, $351 above the state average of $192.
Biloxi $543 $197
Coffeeville $289 $-57
Edwards $285 $-61
Jackson $323 $-23
Pearl $289 $-57


Biloxi	$543	$197
Coffeeville	$289	$-57
Edwards	$285	$-61
Jackson	$323	$-23
Pearl	$289	$-57

Higher coverage limits increase your renters insurance premium in Mississippi. Basic coverage with $20,000 in personal property and $100,000 in liability costs $346 per year, while comprehensive coverage with $250,000 in personal property and $300,000 in liability runs $1,005 annually. A mid-level policy with $50,000 in personal property coverage charges $579 per year.


$20K Personal Property / $100K Liability	$29	$346
$50K Personal Property / $100K Liability	$48	$579
$100K Personal Property / $100K Liability	$79	$948
$250K Personal Property / $300K Liability	$84	$1,005

Your credit score affects renters insurance rates in Mississippi. Renters with excellent credit pay $227 annually, compared to $346 for good credit. Poor credit increases costs to $809 per year, more than 3.6 times what excellent credit holders pay.
Excellent $19 $227
Good $29 $346
Fair $39 $464
Below Fair $51 $615
Poor $67 $809


Excellent	$19	$227
Good	$29	$346
Fair	$39	$464
Below Fair	$51	$615
Poor	$67	$809

Do You Need Renters Insurance in Mississippi?

Many landlords require renters insurance as a lease condition, even though Mississippi law doesn't mandate coverage. Property managers mandate policies to protect themselves from liability claims, sometimes requiring $100,000 or more in liability protection. While the state doesn't require renters insurance, your landlord can require coverage as part of your rental agreement. Check your lease before moving in to see if you need a policy.

HOW TO DETERMINE YOUR RENTERS INSURANCE COVERAGE NEEDS

Typical personal property coverage ranges from $20,000 to $50,000 for most renters' belongings. Go through your unit and add up replacement values for electronics, furniture, clothing and other items to calculate your personal property coverage. You'll also want to select at least $100,000 in liability coverage to protect yourself if someone gets injured in your apartment.

How to Find the Best Cheap Renters Insurance in Mississippi

Homeowners should compare multiple Mississippi insurers while weighing their budget, coverage needs and service expectations to find the right policy.

1
Compare quotes from at least three companies
Premiums differ by $50 or more across companies for identical coverage in Mississippi. Get quotes from both national insurers, like GEICO and State Farm, and regional providers serving Jackson, Gulfport and other Mississippi markets. This comparison shopping ensures you find the most affordable rate for your specific needs and location.
2
Check customer satisfaction ratings and reviews
Low prices aren't worth much if your insurer has poor claims handling when you need coverage most. Research J.D. Power ratings and review customer complaints filed with the Mississippi Insurance Department before purchasing. Companies with strong ratings in Biloxi and Tupelo often provide better service statewide, making slightly higher premiums worthwhile.
3
Bundle renters and auto insurance
Insurers give 10% to 25% off when you bundle policies with the same company in Mississippi. State Farm and Allstate offer some of the largest bundling discounts for renters in areas like Hattiesburg and Meridian. This single change can cut your total insurance costs while simplifying your coverage management.
4
Ask about available discounts
You can get discounts for alarm systems, smoke detectors and staying claims-free with most Mississippi insurers. Additional savings may apply for being a good student, military member or having multiple policies. Ask your agent which discounts you qualify for to maximize your savings beyond the standard rates.

Best Cheap Renters Insurance in Mississippi: Bottom Line

State Farm, Nationwide, Allstate, USAA and Farmers are Mississippi's best renters insurance companies. Get quotes from several companies to find rates matching your needs. Try the calculator below for personalized quotes depending on your coverage, deductible and credit.

Personalized Mississippi Renters Insurance Rates

Get free renters insurance rate estimates for Mississippi based on your coverage needs. Rates reflect a profile of renters aged 21 to 64 with no prior claims.

Coverage Level

Select Coverage Level

Deductible

Select Deductible

Credit Score

Select Credit Score

Average Annual Premium—

Renters Insurance in Mississippi: FAQ

Common questions about Mississippi renters insurance:

Does renters insurance cover roommates in Mississippi?

Renters insurance covers only the policyholder and their relatives living in the unit. Your roommate needs their own policy to protect their belongings and get liability coverage. Each roommate should buy separate renters insurance with at least $20,000 in personal property coverage.

How much renters insurance do I need in Mississippi?

Most Mississippi renters need $20,000 to $50,000 in personal property coverage and $100,000 in liability protection. Add up replacement costs for your furniture, electronics, clothing and other belongings to calculate your needs. Your landlord may require specific coverage amounts, so check your lease before buying a policy.

How do I file a renters insurance claim in Mississippi?

Contact your insurer immediately after damage occurs or items get stolen. Document the damage with photos and videos before cleaning up. Provide a list of damaged or stolen items with purchase dates and estimated values. Your insurer will assign a claims adjuster to review your case. Most claims get processed within two to four weeks.

Does renters insurance cover hotel stays if my apartment becomes unlivable?

Renters insurance covers temporary housing costs through loss of use coverage if covered damage like fire makes your apartment unlivable. This pays for hotel rooms and restaurant meals while repairs happen. Most policies limit loss of use to 20% to 30% of your personal property coverage amount. Floods and earthquakes aren't covered.

How We Found the Best Cheap Renters Insurance Companies in Mississippi

We analyzed Mississippi renters insurance companies to identify insurers with low rates and reliable service.

We collected quotes for renters aged 26 to 64 with good credit and no claims history. The profile included $20,000 in personal property coverage, $100,000 in liability protection and a $500 deductible.

Affordability determined 50% of each company's score. Customer satisfaction from industry research made up 40%. Add-on coverage options contributed 10%. Companies with the highest combined scores across all factors made our list of Mississippi's best renters insurance providers.

About Mark Fitzpatrick

Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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.

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