Best & Cheapest Homeowners Insurance in Mississippi 2026
Nationwide provides the most affordable home insurance for residents in Mississippi, with an average yearly premium of $1,516.
We’ve saved shoppers an average of $450 per year on their home insurance.
Mississippi homeowners currently find the most competitive premiums through homeowners insurance providers, with an average annual rate of $1,516. Securing these low costs often depends on balancing coverage for the state’s high wind and hail risks with specific regional discounts.
Since Gulf Coast residents face unique windstorm deductible requirements, premiums vary significantly between inland and coastal counties. Evaluating local insurers ensures you protect your property against severe weather while maintaining an affordable monthly budget.
Cheapest Homeowners Insurance in Mississippi 2026
How much is homeowners insurance in Mississippi?
Nationwide offers the most budget-friendly home insurance option for Mississippi residents, with an average annual cost of $1,516. Following behind, State Farm and USAA have annual premiums of $3,009 and $2,060, respectively. Farmers is slightly more expensive, with an annual premium of $3,308. However, Travelers stands out with a significantly higher annual premium of $5,182.
As mentioned below, insurance rates in Mississippi are slightly below the national average.
| Area | Average Monthly Rate |
| National | $1,820 |
| Mississippi | $1,737 |
Insurance rates vary and aren’t fixed, influenced by several factors.
What’s Changed In 2026?
- Mississippi Windstorm Underwriting Association policyholders currently face an average 17.2% rate increase for coastal wind and hail coverage.
- The state currently offers grants up to $15,000 for home retrofitting through the newly revived Strengthen Mississippi Homes program.
- Major carriers currently require roof replacements for shingles exceeding 15 years to maintain full replacement cost coverage eligibility.
- Regional homeowners currently see an average premium jump of 19% as insurers adjust for rising material and reinsurance costs.
- Some private insurers currently offer rate reductions up to 19% for dwelling-only policies to compete with state-backed options.
Our Methodology
To find the most cost-effective home insurance rates in Mississippi, we conducted a comprehensive analysis using data from multiple home insurance review sites. Some of these sources evaluated rates from public filings obtained through Quadrant Information Services. The review is based on an average of these rates, but it's essential to understand that each company's rates can change frequently and will vary depending on your individual circumstances. Furthermore, the overall rating considers my subjective opinion, which is informed by fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest homeowners insurance in Mississippi
In Mississippi, Nationwide is the most economical choice for homeowners insurance, providing an average annual rate of $1,516.
| Company | Annual Premium |
| Nationwide | $1,516 |
| USSA | $2,060 |
| State Farm | $3,009 |
| Farmers | $3,308 |
| Travelers | $5,182 |
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 Company | Average Annual Premium |
| Allstate | $2,721 |
| USSA | $3,458 |
| State Farm | $5,160 |
| Farmers | $5,134 |
| Foremost | $6,641 |
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.
| Insurance Company | Average Annual Premium |
| State Farm | $2,264 |
| USSA | $3,007 |
| Farmers | $3,025 |
| Foremost | $3,455 |
| Travelers | $6,778 |
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.
| Insurance Company | Average Annual Premium |
| State Farm | $1,075 |
| Mississippi Farm Bureau | $1,097 |
| Nationwide | $1,176 |
| Allstate | $2,459 |
| Travelers | $2,945 |
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.
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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.
| Insurance Company | Average Annual Premium |
| Allstate | $2,862 |
| State Farm | $3,141 |
| Nationwide | $3,408 |
| USAA | $3,676 |
| Travelers | $7,390 |
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.
| Company | Annual Premium | |
| 1. | Nationwide | $1,516 |
| 2. | Farm Bureau | $1,835 |
| 3. | USSA | $2,060 |
| 4. | State Farm | $3,009 |
| 5. | Foremost | $3,996 |
| 6. | Allstate | $1,380 |
| 7. | Farmers | $3,308 |
| 8. | Travelers | $5,182 |
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.
| ZIP Code | Average Insurance Premium (Annual) |
| 39201 | $3,000 |
| 39502 | $2,384 |
| 38803 | $2,509 |
| 38402 | $2,909 |
| 38637 | $2,414 |
Cheapest Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 38671 | $2,380 |
| 39502 | $2,384 |
| 38803 | $2,509 |
| 38801 | $2,492 |
| 38637 | $2,414 |
Most Expensive Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 39201 | $3,000 |
| 38402 | $2,909 |
| 39302 | $2,702 |
| 39056 | $2,597 |
| 38802 | $2,602 |
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:
| Deductible | Annual Rate |
| $500 | $2,278 |
| $1,000 | $2,131 |
| $2,000 | $1,877 |
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:
| Dwelling Coverage Amount | Average Annual Premium |
| $200,000 | $1,730 |
| $250,000 | $2,144 |
| $300,000 | $2,690 |
| $350,000 | $3,012 |
| $400,000 | $3,309 |
Average Home Insurance Rates in Mississippi by Company
Here is a comparison table displaying annual premiums from some of the leading providers in Mississippi:
| Company | Annual Premium |
| Nationwide | $1,516 |
| Farm Bureau | $1,835 |
| USSA | $2,060 |
| State Farm | $3,009 |
| Foremost | $3,996 |
| Allstate | $1,380 |
| Farmers | $3,308 |
| Travelers | $5,182 |
Find Home Insurance 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:
| City | Annual Premium |
| South Haven | $2,397 |
| Tupelo | $2,534 |
| Meridian | $2,467 |
| Oxford | $2,396 |
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.
FAQs
Who has the cheapest home insurance in Mississippi?
Nationwide provides the most affordable homeowners insurance in Mississippi, with an annual premium of $1,516.
What is the average cost of home insurance in Mississippi?
On average, homeowners insurance in Mississippi costs around $1,737 per year.
Sources
⇅About Bob Phillips
