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.
Best Renters Insurance in Mississippi (2026)
Updated: May 1, 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 | 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
$303Based on our methodology's base profile of a policy with $20K in personal property coverage and $100K in liability coverage with a $500 deductibleAverage Monthly Premium
$25Based on our methodology's base profile of a policy with $20K in personal property coverage and $100K in liability coverage with a $500 deductibleJ.D. Power Renters Insurance Customer Satisfaction Score
685/1,000From the J.D. Power 2025 U.S. Home Insurance Study, which examines customer satisfaction based on responses from 14,511 homeowners and renters. The average renters insurance score is 668/1,000.
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.
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 |
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.
- 1Compare 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.
- 2Check 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.
- 3Bundle 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.
- 4Ask 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.
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Average Annual Premium—
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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 (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has analyzed the insurance market for almost a decade, first with LendingTree and now with MoneyGeek, conducting original research on hundreds of insurance companies and millions of insurance rates for insurance shoppers.
He writes about economics and insurance on MoneyGeek, breaking down complex topics so people can have confidence in their purchase. Like all MoneyGeek analysts, Mark collects and analyzes independent cost and consumer experience data on insurance companies to provide objective recommendations in our content that are independent of any of MoneyGeek's insurance company partnerships.
His insights on products ranging from car, home and renters insurance to health and life insurance have been featured in The Washington Post, The New York Times and NPR, among others.
Mark holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He started his career working in financial risk management at State Street before transitioning to the analysis of the personal insurance market. He's also a five-time Jeopardy champion!