Best & Cheapest Renters Insurance In Mississippi For 2025

Nearly 32% of households in Mississippi rent and of those over 42% spend more than one third of their income on rent so it’s important to find the best and cheapest renters insurance to protect personal belongings.

The average cost of renters insurance in Mississippi is approximately $468 per year, or about $39 per month. This makes it an affordable way to protect your personal belongings and liability. That said, the two biggest factors that influence costs in the area have to do with crime rates and risk of natural disasters particularly along the coast.

Having had over 15 years of experience as a licensed property and casualty agent, I’ve helped many clients find the right renters insurance to suit their needs and budget. This deep industry knowledge allows me to provide insights that save you time and money while making sure you have the right coverage.

Cheapest Renters Insurance Companies In Mississippi

Mississippi Farm Bureau and USAA are the cheapest renters insurance companies in Mississippi. Mississippi Farm Bureau costs an average of $17 per month, while USAA costs around $19.

Best Renters Insurance Companies In Mississippi 2025

State Farm is the best renters insurance company in Mississippi, with average monthly premiums of $25.

Use the table below to view the best renters insurance companies in Mississippi, and their average rates.

How Much Is Renters Insurance In Mississippi?

The average cost of renters insurance in Mississippi is typically around $39 per month, or about $468 annually. However, the exact cost can vary significantly depending on several factors. These include the location of the rental property, the value of your personal belongings, the coverage limits, and any additional coverage options you may choose.

Average Mississippi Renters Insurance Costs – By City

Where you live in Mississippi can have a significant impact on the cost of renters insurance.

Here’s a table showing the average cost of renters insurance in 10 major cities in Mississippi:

What Factors Affect The Price Of Renters Insurance In Mississippi?

Several factors influence the cost of renters insurance in Mississippi. Understanding these can help you manage your premium:

• Natural Disaster Risk: YourLocation plays a big role in determining your premiums as Mississippi is well known for its extensive flood risk and impact from hurricanes and other storms.
• Crime Rates: Laurel, Mississippi is known for its high rates of property crime so areas like these with higher crime rates will likely have higher premiums.
• Value of Personal Belongings: The more valuable your possessions, the higher your coverage limits and premiums.
• Deductible: A higher deductible can lower your monthly premium but increase out-of-pocket costs.
• Claim History: A history of claims may increase your rates.
• Rental Property Type: Apartments may cost less to insure than houses.
• Safety Features: Smoke detectors, security systems, and deadbolts may lower premiums.

Is Renters Insurance Required In Mississippi?

In Mississippi, renters insurance is not legally required by the state, but many landlords or property management companies may require tenants to have a policy in place. While the law does not mandate renters insurance, landlords often include this requirement in the lease agreement as a way to protect both the tenant and the property owner.

For tenants, having renters insurance is a wise decision, even if it’s not required by law. It helps safeguard personal property, which may be costly to replace out-of-pocket. Furthermore, renters insurance may provide coverage for temporary living expenses if the rental unit becomes uninhabitable due to a covered event.

While not mandatory, renters insurance can provide peace of mind and financial protection. It’s important to review the lease agreement and check with the landlord to see if it’s a requirement, as failure to comply could result in penalties or lease termination.

Common Renters Insurance Discounts In Mississippi

Renters insurance providers in Mississippi offer various discounts that can reduce your premiums:

• Bundling Policies: Combining auto and renters insurance with the same company can lead to savings.
• Security Features: Installing security systems or smoke alarms can result in discounts.
• Claim-Free Discounts: If you haven’t filed claims in several years, you may qualify for lower rates.
• Property Age: Newer, well-maintained homes may qualify for discounts.
• Loyalty Discounts: Long-term customers may receive reduced rates over time.

Common Renters Insurance Claims In Mississippi

The most common renters insurance claims in Mississippi include damage from natural disasters, such as floods, tornadoes, and hurricanes. There are other commonly reported events like water damage often caused by burst pipes or appliance malfunctions. Theft claims are frequent in urban areas or neighborhoods with higher crime rates, where personal belongings may be at risk. Fire and smoke damage, as well as vandalism, are other typical claims that renters in Mississippi may experience.

Does Renters Insurance In Mississippi Cover Hurricanes?

Mississippi regularly runs the risk of hurricanes every year from June until November. Renters insurance in Mississippi typically does not cover damage from hurricanes. Standard policies may provide coverage for wind damage, but hurricane-related destruction such as flooding or storm surges is usually excluded. To protect against hurricane damage, renters can add a windstorm endorsement or purchase separate hurricane insurance.

This additional coverage can help with repairs to personal property and provide protection in case of significant damage due to the storm, offering peace of mind during hurricane season.

Does Renters Insurance in Mississippi Cover Earthquakes or Landslides?

According to the American Red Cross, Mississippi has a risk of earthquakes even if they are not as frequent as hurricanes and floods. That said, renters insurance in Mississippi does not cover earthquakes or landslides. These are considered ground movements or Earth movements which are not covered events.

You can, however, invest in an additional policy if you want protection for ground movements of this kind.

Does Renters Insurance In Mississippi Cover Fire?

Yes, renters insurance in Mississippi covers fire damage to personal property and the rental unit itself. If a fire destroys belongings or causes damage to the apartment or house you’re renting, your renters insurance policy will typically cover the cost of repairs or replacement. This includes damage from smoke, heat, and soot.

Renters insurance also provides liability coverage if the fire spreads and causes damage to neighboring units. It’s important to keep an updated inventory of belongings to ensure adequate coverage.

Does Renters Insurance In Mississippi Cover Tornadoes?

Yes, renters insurance generally covers tornado damage in Mississippi. Tornadoes are typically considered wind-related incidents, and the state experiences around 50 each year. Most renters insurance policies include coverage for damage caused by windstorms. If a tornado damages personal property or the rental unit itself, renters insurance will typically cover repair or replacement costs.

However, it’s important to review your policy to ensure that the specific coverage for wind and tornado damage is included. Additional coverage may be needed for high-value items, depending on the policy.

Does Renters Insurance In Mississippi Cover Flooding?

Flooding is the most common and expensive natural disaster in Mississippi caused by things like earthquakes, tornadoes, major storms, and hurricanes.

Renters insurance in Mississippi does not cover flooding caused by heavy rains, storm surges, or rising water. Flooding is considered a separate peril, and standard renters policies exclude this type of damage. To protect against flooding, renters in Mississippi must purchase separate flood insurance through the National Flood Insurance Program (NFIP) or private insurers.

Flood insurance will cover damage to personal property and the structure of the rental unit caused by rising water, ensuring comprehensive coverage in flood-prone areas.

Does Renters Insurance In Mississippi Cover Wind Damage?

Yes, renters insurance in Mississippi generally covers wind damage caused by events such as windstorms, tornadoes, and hail. Wind-related damage to personal belongings, such as furniture, electronics, and clothing, is usually covered under a standard renters policy.

However, damage caused by hurricanes may require additional windstorm coverage or a rider, as hurricanes are considered a separate risk. It’s important to review your policy to confirm that wind damage is included and to consider additional coverage if necessary for extreme weather events.

What Does Renters Insurance Cover In Mississippi?

Renters insurance provides essential protection for your belongings and liability, offering financial security in the event of unexpected incidents. Understanding what is covered under a renters insurance policy helps you make informed decisions about your coverage needs. Below, we break down the key components of renters insurance coverage.

Personal Property Coverage

Renters insurance typically covers personal belongings, such as furniture, clothing, electronics, and appliances, in the event of theft, fire, vandalism, or other covered disasters. It helps you replace or repair your possessions up to the policy’s coverage limit.

Liability Coverage

Liability protection is an essential part of renters insurance. It covers legal expenses and medical costs if someone is injured while on your property. For example, if a guest slips and falls in your home, liability coverage can help pay for their medical bills and any legal fees if you are sued.

Earthquakes and Landslides

While not as frequent as hurricanes, earthquakes and landslides can happen as a result of storms and flood events for which you may need additional coverage or a separate policy like an earth movement or ground movement policy, or a “Difference in Conditions” policy. 

Additional Living Expenses

If your rental becomes uninhabitable due to a covered incident, such as a fire or storm, renters insurance can cover additional living expenses. This includes the cost of temporary housing, meals, and other expenses while your home is being repaired or replaced.

Medical Payments To Others

This coverage provides small, no-fault medical payments if someone is injured on your property, regardless of who is at fault. It helps cover minor medical expenses without the need for a lawsuit or liability claim.

Loss Of Use Coverage

If you cannot use your rental due to a covered event, loss of use coverage can help with extra costs such as hotel stays and transportation.

Flood Insurance

One of the most devastating natural disaster risks in Mississippi is floods which happen every year. There are many homes that are at risk because of low-lying flood risk or Coastal risk with flood damage from hurricanes and similar storms. Standard renters insurance policies do not cover flood damage but you can use the National Flood Insurance Program (NFIP) for additional coverage.

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