Best & Cheapest Homeowners Insurance in Mississippi May, 2024

In our thorough evaluation of home insurance providers in Mississippi, Nationwide emerges as the most affordable option, with an average annual rate of $1,516. However, the best insurer for you may vary depending on your specific circumstances.

For instance, if you have a lower credit score, Allstate offers the most economical choice, with an average yearly premium of $2,721. Conversely, for owners of older homes, State Farm stands out with competitive rates of $2,264 per year for comprehensive coverage.

If you own a newly constructed home, State Farm once again presents the most cost-effective solution at $1,075 per year. Those with a history of claims might find an affordable option with Allstate at $2,862 per year.

Our comprehensive analysis at Insuranceopedia aims to assist you in finding the ideal fit for your home insurance needs. We assess customer ratings, analyze personal experiences, and provide comparison charts to equip you with all the necessary information for making an informed decision.

As mentioned below, insurance rates in Mississippi are slightly below the national average.

Insurance rates vary and aren’t fixed, influenced by several factors.

Cheapest homeowners insurance in Mississippi

In Mississippi, Nationwide is the most economical choice for homeowners insurance, providing an average annual rate of $1,516.

The cost of your insurance policy is influenced by several factors, such as your location, the value of your home, and your claims history. Nationwide provides a well-balanced option that combines affordability with comprehensive coverage.

Cheapest Homeowners Insurance If You Have Poor Credit

For individuals with a poor credit score, Allstate offers the most cost-effective solution, with an average annual rate of $2,721.

Insurance companies consider your credit score a key factor in determining insurance rates because it helps them assess risk. Allstate recognizes the importance of providing fair coverage for everyone, regardless of their credit history.

Cheapest Homeowners Insurance In Mississippi If You Have an Older Home

Homeowners with older homes can find the most budget-friendly rates with State Farm, averaging $2,264 per year.

Older homes often come with unique risks and maintenance challenges, which can lead to higher insurance costs. State Farm addresses these concerns by offering competitive rates and comprehensive coverage specifically tailored to meet the unique needs of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

Owners of newly constructed homes can benefit from an affordable solution with State Farm, which offers an average annual rate of $1,075.

Newly constructed homes often have distinct coverage needs compared to older homes, and State Farm specializes in providing affordable policies tailored to these specific requirements.

Cheapest Home Insurance In Mississippi for a History of Claims

For homeowners with a history of claims, Allstate offers an affordable solution with an average annual rate of $2,862.

Having a history of claims can lead to higher premiums, as it may indicate increased risk for insurers. Nevertheless, Allstate aims to provide reasonable rates for individuals with past claims, offering a second chance for affordable coverage.

Best Homeowners Insurance Companies in Mississippi

Selecting the right homeowners insurance isn’t just necessary; it’s a strategic choice. Mississippi, with its rich history, boasts homes as diverse as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates is crucial.

To simplify your decision-making process, we’ve compiled a list of the top homeowners insurance companies in Mississippi. These companies were evaluated based on criteria like annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Refer to our comparison chart below to find the perfect match for your home insurance needs.

Average Home Insurance Rates by Zip Codes

Homeowners insurance prices in Mississippi can differ greatly based on the particular zip code. Here are tables showing rates for various zip codes in Mississippi, including the five least and most costly ones in the area for annual home insurance premiums.

Cheapest Zip Codes

Most Expensive Zip Codes

Average Home Insurance Rates in Mississippi by Deductible Amount

The deductible you opt for in your homeowners insurance policy can have a significant impact on premium rates in Mississippi. Here’s a breakdown of how average home insurance rates vary based on different deductible amounts:

Average Home Insurance Rates in Mississippi By Coverage Amount

Dwelling coverage, which represents the maximum amount your insurance provider will pay for rebuilding or repairing your home in case of damage or destruction, is a crucial factor that affects your premium.

Here is a comparison chart showing the average annual homeowners insurance premiums for different dwelling coverage amounts:

Average Home Insurance Rates in Mississippi by Company

Here is a comparison table displaying annual premiums from some of the leading providers in Mississippi:

How Much is Homeowners Insurance for Other Cities in Mississippi?

Below is a detailed comparison chart displaying the most affordable companies and their annual premiums across different cities in Mississippi:

Getting Online Homeowners Insurance Quotes in Mississippi

Websites like Insuranceopedia streamline the process of finding the best coverage for your unique needs. By providing quick online quotes from top-rated insurers, they make it easy to compare rates.

Just input your information, and Insuranceopedia will present you with a range of options tailored to your needs. This simplifies the task of choosing a policy that offers great value, balancing cost with comprehensive coverage.