We reviewed the top car insurance companies in Mississippi and found that State Farm has the best rates for a minimum coverage policy ($492 per year), as well as for full coverage ($1,343).
In fact, the most expensive auto insurance company in Mississippi costs nearly three times as much as the cheapest auto insurance company. That's why to find the best car insurance rates, drivers should compare rates from a few different companies. To get started, use the tool above and type in your ZIP code to see the top providers near you or read on to see our research on rates.
Cheapest car insurance in Mississippi
If you're looking for the cheapest auto insurance policy possible, you should buy one that only meets the minimum coverage limits required by Mississippi. Among widely available insurers, we found State Farm to be the cheapest, charging an average of $492 per year. But if you qualify, USAA is the cheapest insurer by far, at only $274 per year.
Find Cheap Auto Insurance Quotes in Mississippi
A minimum coverage policy with liability insurance will ensure you're compliant with state law, but we always recommend purchasing liability coverage beyond the minimum. In the event of a major accident in which bodily injury and property damage costs exceed these modest limits, Mississippi drivers will be on the hook for paying the remaining costs out of pocket.
We analyzed auto insurance rates in Mississippi for our sample driver, a 30-year-old single man, as a benchmark to compare costs across eight companies.
Cheapest company for full coverage: State Farm
A full coverage policy includes comprehensive and collision insurance, in addition to state-mandated coverages, and is more expensive than a policy that just has liability insurance. On average, Mississippi drivers get the cheapest full coverage policies with State Farm. We also recommend getting quotes from Mississippi Farm Bureau and Alfa.
- State Farm: Full coverage policies cost $1,343 per year on average with State Farm in Mississippi. This is almost $300 cheaper than the second-cheapest insurer.
- Mississippi Farm Bureau: Farm Bureau has the second-cheapest rates in the state at $1,639 per year. Note that you may be required to pay a membership fee in order to qualify for its affordable insurance.
- Nationwide: We found that Nationwide had rates about $100 less than the average price statewide, though it's not as cheap as our other top recommendations.
We suggest that drivers looking for low full coverage rates add these three insurers to their list of companies to get and compare quotes from.
|Mississippi Farm Bureau||$1,639||$137|
Comprehensive insurance covers your car against damage from events that are "acts of God," such as weather. Collision insurance covers damage to your car that happens on the road regardless of who was at fault, so damage to your car will be covered if you're in a solo accident or in an accident that was your fault.
If you borrowed to finance your car purchase, or if you're leasing a car, your lender likely requires you to buy a full coverage policy.
For everyone else, we recommend full coverage insurance if the value of your car is higher than the sum of the cost of adding full coverage and your policy deductible.
Cheap car insurance for drivers with prior incidents
One major factor in determining your car insurance prices is your driving history. If you have one or more incidents on your record, you will likely pay a higher price than someone who hasn't, making shopping around for the best price even more important.
Here are the cheapest insurers for drivers who have:
Find Cheap Auto Insurance Quotes in Mississippi
Cheapest for drivers with an accident: State Farm
Mississippi insurance companies charge more for drivers with an accident on their record. In the eyes of an insurer, a history of crashes makes you more likely to make another claim in the future. If you have an accident on your record, you should look to find savings with State Farm, which had the cheapest rates for any Mississippi insurer when our driver had been in an at-fault accident.
|Mississippi Farm Bureau||$2,148||$179|
Mississippi Farm Bureau may also be an affordable option for Mississippi drivers. On average, it raised rates by $509 per year for our sample driver, which is less than most other insurers. Several insurance companies in Mississippi — such as Shelter, Progressive and Allstate — had much more severe penalties, in excess of $1,600, for our driver.
Cheapest car insurance for people with a speeding ticket: State Farm
In the eyes of insurance companies, a speeding ticket is indicative of risky behaviors, so you're likely to see your car insurance rates increase if you're caught going over the speed limit.
We found that State Farm has the lowest prices for drivers with a speeding ticket, with an average rate of $1,458 annually (or $122 per month). Our sample driver would save $317 each year by going with State Farm instead of the second-cheapest option.
|Mississippi Farm Bureau||$1,775||$148|
Cheapest car insurance for drivers with a DUI: State Farm
Being convicted of a DUI is one of the most serious common driving offenses, and you're likely to face serious consequences, both from the justice system and on your insurance bill: The typical rate for car insurance in Mississippi after one DUI is $3,763 per year.
However, some insurers don't weigh a DUI as heavily as others. For example, State Farm increased our sample driver's rates to just $1,458 per year — the same amount as if they'd gotten a speeding ticket.
|Mississippi Farm Bureau||$2,787||$232|
If you're convicted of a DUI in Mississippi, you might be required to get an SR-22 certificate in order to have your license reinstated. This can make your insurance go up even more.
Cheapest car insurance for drivers with poor credit: State Farm
While your credit score doesn't have anything to do with how safe of a driver you are, insurers have found that people with bad credit histories are more likely to make an insurance claim. As a result, having a bad credit score can make your insurance rates increase.
For drivers with low credit, we recommend State Farm as the cheapest option. Its rates were 24% more affordable than the typical price we saw from all insurers. Mississippi Farm Bureau is another affordable option: there, you'll spend just $27 more per month than at State Farm.
|Mississippi Farm Bureau||$2,365||$197|
Drivers with substandard credit may be able to lower their rates by improving their credit scores.
Cheapest car insurance for married drivers: State Farm
Typically, people who are married will pay a little less for insurance — about 10% less in Mississippi, on average — just because they are married. Insurers have found that married people are less likely to make an insurance claim.
We recommend married drivers looking for the lowest rates consider State Farm, which had the cheapest price we found overall. While State Farm doesn't offer a discount for married drivers, its prices were still the most affordable option.
For drivers looking to maximize their savings, the two insurers with the biggest discounts were Shelter (22%) and Progressive (19%), though they weren't the cheapest options.
|Mississippi Farm Bureau||$1,448||$121|
Married drivers with more than one car or driver in their household can likely save even more on their car insurance by qualifying for a multi-car or multi-driver discount, which weren't factored into our sample quotes.
Cheapest car insurance for young drivers: Mississippi Farm Bureau
Young drivers are likely to pay more for car insurance than older people because they get in accidents more often. The average price for a full coverage policy for an 18-year-old is $5,960, and the price for a state minimum policy is $2,220.
However, teens looking for the most affordable car insurance should consider Mississippi Farm Bureau, which offered the most affordable widely available option. Its average rate for a minimum coverage policy was just $1,230 annually, and a full coverage policy was just $2,940.
|Mississippi Farm Bureau||$2,940||$1,230|
*USAA is excluded from rankings because it is only available to current and former military members and their families.
For young drivers with a military affiliation, USAA has even more affordable rates; however, you're only eligible to buy a policy from them if you or a family member have served in the armed forces.
Cheapest for young drivers with one accident: Mississippi Farm Bureau
Getting in an accident can increase your rates, especially if you're a younger driver who's still building their skills behind the wheel. We found that a single accident can boost your rates substantially — you could see a price increase of around 30%.
We recommend Mississippi Farm Bureau as the most affordable insurer for young drivers with a recent accident. It's nearly twice as affordable as the statewide average and over $1,000 cheaper than the next most affordable option, State Farm.
|Mississippi Farm Bureau||$3,951||$329|
The best way for a younger driver to lower their insurance rate is to share a car insurance policy with an older adult, like a parent or sibling, if they can. A joint policy with one teen and one older adult will almost always be substantially cheaper than individual policies.
Cheapest for young drivers with one speeding ticket: Mississippi Farm Bureau
If you're caught speeding by the police, you're likely to pay a big premium on your car insurance afterwards. The typical increase is $926 per year for an 18-year-old.
If you got a speeding ticket recently, look at Mississippi Farm Bureau. Its rates increased by only $280 per year after a speeding ticket, and it was the cheapest option among the widely available companies we looked at.
|Mississippi Farm Bureau||$3,220||$268|
If you're a younger driver looking to get a discount on your policy, see if your insurer provides discounts for taking a driver education course beyond what was required to get your license. These classes may get you a discount of 10% or more, depending on your insurer.
Best auto insurance companies in Mississippi
Having affordable car insurance is important, but it's just as important to have coverage you can count on. We found that USAA has the best customer service among insurers in Mississippi, with the most people who ranked their service as excellent and were "extremely satisfied" with their claim.
% of respondents overall extremely satisfied with most recent claim
% of respondents who rated customer service as "excellent"
|N/A||Mississippi Farm Bureau||—||—|
Results are based on a nationwide survey performed by ValuePenguin in 2019.
We also gathered customer service information from three other reputable sources: the National Association of Insurance Commissioners (NAIC), J.D. Power and A.M. Best.
2019 NAIC Complaint Index
2020 J.D. Power Claims Satisfaction
A.M. Best Financial Strength Rating
|Mississippi Farm Bureau||0.06||—||A+|
The NAIC Complaint index compares the number of complaints an insurer has received with its market share. The lower each company's complaint index, the fewer complaints it has. The national average is 1.0.
J.D. Power's Claims Satisfaction score is based on a national survey of car insurance customers. Higher scores are better, and the best possible rating is 1000.
A.M. Best's Financial Strength Rating is a letter grade describing an insurer's financial health and ability to pay out claims in negative economic climates or in times of high claim demand. The highest grade is A++.
Mississippi car insurance minimum requirements
In Mississippi, all drivers are required to have auto insurance coverage. Driving without insurance in Mississippi can lead to a fine of $500 and license suspension. Below, we detail the minimum required auto insurance coverages for Mississippi drivers.
- Bodily injury liability coverage: $25,000 per person and $50,000 per accident
- Property damage liability coverage: $25,000 per accident
Average cost of car insurance in Mississippi, by city
How much is car insurance in Mississippi? We found the state has average annual car insurance premiums of $734 for a minimum coverage policy and $2,167 for a full coverage policy.
But rates change depending on where you live. We collected quotes for our sample driver across these eight insurers to determine the average cost per city. Then, we used the figure to compare the cities relative to one another, from the cheapest rates to the most expensive. Rates by city are for a full coverage policy.
- With average rates of $1,901 per year, Starkville is the cheapest city in Mississippi for car insurance.
- Hermanville is the most expensive city for auto insurance policies: Average rates are $2,485 per year for our sample driver.
Average annual cost
Difference from average
Mississippi rate changes by company
In Mississippi, auto insurance providers decreased their premiums by 2.9% in 2020, continuing the trend of lower premium rates observed in the past two years. State Farm showed the most significant decrease in premiums, with rates down by 10.2% compared to 2019. Additionally, several other companies in Mississippi opted to decrease their premium rates in 2020, such as Progressive and Shelter, who lowered their rates by 2.6% and 2.7%, respectively.
Premiums written (millions) 2019
Rate change 2019
Rate change 2020
|Southern Farm Bureau||$237.1||0.0%||0.0%|
Recap of the cheapest auto insurance in Mississippi
- Minimum coverage: State Farm
- Full coverage: State Farm
- After an at-fault accident: State Farm
- After a speeding ticket: State Farm
- After a DUI: State Farm
- Poor credit history: State Farm
- Very good credit history: State Farm
- Married couples: State Farm
- Young drivers: Mississippi Farm Bureau
- Young drivers with one accident: Mississippi Farm Bureau
- Young drivers with one speeding ticket: Mississippi Farm Bureau
We collected thousands of rates from ZIP codes across Mississippi for the largest 10 insurers. We used a sample driver with the following profile:
- 30-year-old man
- Drives a 2015 Honda Civic EX
- Average credit
The base policy for the study was a full-coverage policy with the following limits:
|Bodily liability||$50,000 per person/$100,000 per accident|
|Personal injury protection||$10,000|
|Property damage||$25,000 per accident|
|Uninsured/underinsured motorist bodily injury||$50,000 per person/$100,000 per accident|
|Comprehensive and collision||$500 deductible|
For our minimum-coverage policy, we quoted a policy with the minimum required limits in Mississippi, above.
For other rates analyses (age, credit score, accident history and marriage status) the base policy listed above was alternated to reflect the new driver.
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.