Cheapest Car Insurance In Mississippi For 2024

State Farm is recognized for offering the most budget-friendly auto insurance option for residents of Mississippi.

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Written by Bob Phillips
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Finding cheap car insurance in Mississippi might appear overwhelming, but it doesn’t have to be. State Farm provides competitive rates and dependable service, offering a variety of coverage options from basic to comprehensive.

Drawing from extensive research on car insurance policies conducted over the past decade, I’ve condensed our findings to assist you in navigating this intricate market.

This guide will delve into the specifics of car insurance in Mississippi, elucidate the factors impacting insurance premiums, and provide practical advice for securing affordable coverage without compromising protection.

Cheapest Car Insurance Companies In Mississippi

Cheapest Car Insurance, Mississippi, 2024

Our Methodology

In our research, I adopted a systematic method to gather and evaluate information on various auto insurance companies and their policies. Initially, I identified key aspects for assessment, such as coverage options, pricing, customer reviews, and the financial health of insurers. Next, I collected data from trustworthy sources like insurance company websites, consumer review platforms, and industry reports.

Once the data was compiled, I organized it and assessed each insurer based on predetermined criteria. This involved comparing coverage choices, premium prices, available discounts, and customer feedback to determine the strengths and weaknesses of each provider.

102

Quotes Analyzed

15+

Years Of Industry Experience

22

Brands Reviewed

35+

Research Hours

Cheapest Car Insurance In Mississippi For Good Drivers

In Mississippi, the cost of car insurance for careful drivers can vary based on factors such as driving history, age, and the type of coverage they prefer. Typically, careful drivers with clean records can enjoy lower premiums because they pose less risk to insurance companies.

Furthermore, they may be eligible for additional discounts for maintaining a good driving record consistently. It’s advisable for cautious drivers to shop around and compare quotes from multiple insurers to find the most competitive rates and coverage options that suit their individual needs.

Provider Average Monthly Cost Average Annual Cost

State Farm

$20

$238

Farm Bureau

$30

$358

Progressive

$32

$382

GEICO

$69

$826

Allstate

$60

$718

Cheapest Car Insurance In Mississippi For Drivers With Poor Credit

In Mississippi, Direct General provides the cheapest rates for drivers with bad credit, beginning with typical monthly premiums as low as $88.

Provider Average Monthly Cost Average Annual Cost

Direct General

$88

$1,054

Travelers

$124

$1,486

Allstate

$134

$1,606

Mississippi Farm Bureau

$104

$1,246

Nationwide

 $92

$1,102

Your credit score holds considerable sway in setting car insurance rates since it aids insurers in evaluating risk. A lower credit score often signals a greater probability of filing claims, prompting insurers to label these individuals as higher-risk policyholders.

In Mississippi, drivers with poor credit could experience elevated car insurance premiums compared to those with good credit. Insurers commonly factor in credit history when determining rates, as studies indicate a correlation between credit scores and propensity to file claims.

Drivers grappling with poor credit may encounter challenges in securing budget-friendly insurance options. Nonetheless, they can explore discounts and compare quotes from various insurers to unearth the most advantageous rates available.

Cheapest Car Insurance In Mississippi For Young Drivers

In Mississippi, typically, young adults receive more favorable car insurance rates compared to teenagers. This trend occurs because as drivers mature, they often develop safer driving practices, resulting in fewer accidents and insurance claims. Insurance providers consider these driving behaviors and modify premiums for young adults based on their enhanced safety track records.

Cheapest Mississippi Car Insurance For 16-Year-Olds

In Mississippi, the Mississippi Farm Bureau provides the best rates for 16-year-olds, offering an average monthly premium of $295.

Provider Average Monthly Cost Average Annual Cost
Nationwide $312 $3,742
State Farm $318 $3,814
Shelter $385 $4,618
Mississippi Farm Bureau $295 $3,538
USAA $310 $3,718

Cheapest Mississippi Car Insurance For 17-Year-Olds

For 17-year-olds, USAA offers the most affordable rates, with an average premium of $202.

Provider Average Monthly Cost Average Annual Cost
State Farm $282 $3,382
Nationwide $300 $3,598
Shelter $362 $4,342
USAA $202 $2,422
Mississippi Farm Bureau $265 $3,178

Cheapest Mississippi Car Insurance For 18-Year-Olds

USAA provides the most affordable rates for 18-year-olds, with an average monthly premium of $166.

Provider Average Monthly Cost Average Annual Cost
State Farm $250 $2,998
Nationwide $282 $3,382
National General $310 $3,718
USAA $166 $1,990
Mississippi Farm Bureau $242 $2,902

Cheapest Mississippi Car Insurance For 21-Year-Olds

For 21-year-olds, USAA offers the most budget-friendly rates, with an average monthly premium of $105.

Provider Average Monthly Cost Average Annual Cost
National General $164 $1,966
State Farm $173 $2,074
Mississippi Farm Bureau $195 $2,338
USAA $105 $1,258
Nationwide $159 $1,906
 

Cheapest Car Insurance In Mississippi For Full Coverage

In Mississippi, State Farm provides the cheapest rates for full coverage car insurance, starting with average monthly premiums as low as $82.

Provider Average Monthly Cost Average Annual Cost

State Farm

$82

$982

Progressive

$138

$1,654

Allstate

$173

$2,074

Farm Bureau

$112

$1,342

GEICO

$185

$2,218

In Mississippi, full coverage car insurance offers comprehensive protection for drivers and their vehicles, going beyond the state’s required liability coverage. It includes additional options like collision and comprehensive insurance.

Collision coverage pays for repairs to your vehicle after a collision with another vehicle or object, regardless of fault. Meanwhile, comprehensive coverage handles damages from non-collision incidents such as theft, vandalism, fire, or natural disasters.

This type of insurance provides peace of mind by offering extensive financial protection in various scenarios, ensuring coverage for damages to both your vehicle and others involved in an accident. However, it’s essential to carefully review your policy to understand coverage limits and deductibles for adequate protection.

Cheapest Car Insurance In Mississippi For Minimum Coverage

In Mississippi, State Farm is the top choice for liability-only car insurance, offering monthly rates averaging only $20.

Provider Average Monthly Cost Average Annual Cost

State Farm

$20

$238

Farm Bureau

$30

$358

Progressive

$32

$382

GEICO

$69

$826

Allstate

$60

$718

In Mississippi, drivers must adhere to legal requirements by maintaining the minimum car insurance coverage needed to drive on the roads. This basic insurance usually consists of liability coverage, which comprises two primary parts: bodily injury liability and property damage liability.

Bodily injury liability coverage helps cover medical expenses, rehabilitation costs, and potential legal fees if you cause an accident resulting in injuries to someone else. Conversely, property damage liability coverage aids in paying for repair or replacement expenses for another person’s vehicle or property if you’re deemed responsible for the damage.

These minimum coverage standards in Mississippi are established by state law and can vary depending on factors like your vehicle type and driving history. It’s crucial to carefully review these requirements and ensure you have adequate coverage to meet legal obligations and safeguard yourself financially in the event of an accident.

Cheapest Car Insurance In Mississippi For Drivers With Prior Incidents

In Mississippi, drivers with a history of incidents like accidents, speeding tickets, or DUIs often face challenges in securing affordable car insurance. These incidents label them as high-risk individuals to insurers, which raises the likelihood of future claims.

Consequently, insurers frequently hike premiums to offset the heightened risk of payouts. This trend is particularly notable in Mississippi due to its higher rate of traffic incidents. Insurers adopt this pricing strategy based on statistical analyses, which indicate a link between a track record of driving incidents and a greater chance of future claims.

Cheapest Car Insurance In Mississippi After A Speeding Ticket

For drivers with a speeding ticket, State Farm provides the most cost-effective choice, with average premiums around $100.

Provider Average Monthly Cost Average Annual Cost
Allstate $190 $2,278
GEICO $274 $3.286
State Farm $100 $1,198
Travelers $180 $2,158
Farm Bureau $120 $1,438

Cheapest Car Insurance In Mississippi After An At-Fault Accident

State Farm is recognized for offering the most economical option for drivers who have been involved in an at-fault accident, with average premiums totaling $110.

Provider Average Monthly Cost Average Annual Cost
Travelers $188 $2,254
GEICO $360 $4,318
Farm Bureau $162 $1,942
State Farm $110 $1,318
Allstate $264 $3,166

Cheapest Car Insurance In Mississippi For Drivers After A DUI

Progressive offers the most budget-friendly choice for drivers who have a DUI on their record, with average premiums standing at $162.

Provider Average Monthly Cost Average Annual Cost
Allstate $242 $2,902
Farm Bureau $188 $2,254
Travelers $228 $2,734
Progressive $162 $1,942
GEICO $670 $8,038

Cheapest Car Insurance In Mississippi For Seniors

In Mississippi, the Mississippi Farm Bureau provides the best rates for seniors, starting with average monthly premiums as low as $48.

Provider Average Monthly Cost Average Annual Cost

Direct General

$64

$766

State Farm

$70

$838

Mississippi Farm Bureau

$48

$574

Nationwide

$73

$874

Travelers

$75

$898

Senior citizens often benefit from lower car insurance rates due to various factors. Insurance providers generally perceive seniors as experienced and reliable drivers who typically exhibit safer driving habits. Moreover, many seniors tend to drive fewer miles annually, reducing their risk of accidents and insurance claims.

To cater to senior drivers, certain insurance companies offer specialized discounts tailored to their needs. These discounts consider factors such as the driver’s age, driving frequency, and completion of senior driver safety courses. Many insurers incentivize seniors to enroll in defensive driving programs by providing discounts upon course completion. These courses are designed to refresh driving skills and knowledge, promoting safer driving practices among seniors.

 

Average Cost Of Auto Insurance In Mississippi – By Age

Age Average Monthly Cost Average Annual Cost
16 $485 $5,818
17 $439 $5,266
18 $376 $4,510
19 $273 $3,274
21 $202 $2,422
25 $149 $1,786
30 $133 $1,594
40 $124 $1,486
50 $113 $1,354
55 $111 $1,330
65 $114 $1,366
75 $136 $1,630

Average Cost Of Car Insurance In Mississippi – By Gender & Marital Status

Gender Marital Status Average Annual Cost
Female Single $1,194
Male Single $1,280
Female Married $1,290
Male Married $1,308

Average Cost Of Auto Insurance In Mississippi – By Credit Tier

Credit Tier Average Monthly Cost Average Annual Cost
Excellent $100 $1,198
Good $115 $1,378
Poor $190 $2,278

Cheapest Car Insurance In Mississippi By City

City Average Monthly Cost Average Annual Cost
Hattiesburg $127 $1,522
Gautier $128 $1,534
Ridgeland $129 $1,546
Columbus $120 $1,438
Laurel $123 $1,474

Minimum Car Insurance Requirement In Mississippi

In Mississippi, the minimum car insurance criteria comprise liability coverage for bodily injury and property damage. These are typically represented as three figures like 25/50/25. This breakdown means there’s coverage of $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $25,000 for property damage per accident.

Additionally, Mississippi mandates Personal Injury Protection (PIP) coverage as part of its no-fault insurance system. PIP coverage assists in covering medical expenses and lost wages for you and your passengers, regardless of fault in an accident, providing crucial financial security for injuries resulting from accidents.

Alternatively, drivers can opt for the “Health Insurance Primary” (HIP) option, allowing their health insurance to serve as the primary coverage for accident-related medical expenses instead of PIP. However, not all health insurance plans qualify for HIP, so it’s crucial to verify eligibility with your health insurance provider.

Car Insurance Discounts In Mississippi

While searching for the best car insurance, it’s wise to explore providers offering discounts tailored to your circumstances. Additionally, discussing with your insurance agent might uncover discounts you haven’t utilized yet.

Here are some typical discounts offered by leading car insurance companies:

  • Safe Driver Discount: This benefit is awarded to policyholders with a spotless driving record, indicating no accidents or traffic violations.
  • Multi-Vehicle Discount: Insuring multiple vehicles under the same policy could qualify you for a discount, saving money compared to insuring each vehicle separately.
  • Bundling Discount: Many insurers offer discounts to individuals who bundle their car insurance with other policies, such as homeowners or renters insurance.
  • Good Student Discount: Students maintaining good grades might be eligible for a discount on their car insurance premiums.
  • Defensive Driving Course Discount: Completing a defensive driving course could qualify you for discounts on your car insurance premiums. These courses impart valuable skills to help drivers avoid accidents and reduce their risk on the road.
 

FAQs

How much is car insurance a month in Mississippi?

The average monthly cost of car insurance in Mississippi changes depending on factors like age, driving history, and the coverage options chosen by the driver.

What is the minimum car insurance one must have in Mississippi?

In Mississippi, the mandatory minimum car insurance includes liability coverage for bodily injury and property damage. Additionally, Personal Injury Protection (PIP) coverage is required by law.

Which insurance is better in Mississippi?

The ideal insurance provider in Mississippi can vary based on individual preferences, driving habits, and insurance needs. It’s advisable to obtain quotes from several insurers to discover the most suitable option for your particular situation.

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