Cheapest for: Minimum liability | Full coverage | Prior incidents | Young drivers
Who Has the Cheapest Car Insurance Quotes in Mississippi? (2022)
Who Has the Cheapest Car Insurance Quotes in Mississippi? (2022)
State Farm has the best car insurance quotes in Mississippi for a minimum-coverage policy ($468 per year) and full-coverage policy ($1,308).
Best cheap car insurance in Mississippi
To help Mississippi drivers find the best cheap auto insurance, our editorial team gathered quotes from top car insurance companies across each ZIP code in the state. Quotes for minimum coverage meet the Mississippi state minimum requirements of $25,000 in bodily injury liability coverage per person and $50,000 per accident, along with $25,000 in property damage protection. Full coverage quotes include collision and comprehensive insurance, plus higher liability limits than the state minimums.
In addition, we ranked the best Mississippi auto insurance companies based on customer service reviews, coverage availability, affordability for different drivers and convenience.
Cheapest car insurance in Mississippi: State Farm
State Farm offers Mississippi's cheapest minimum-coverage car insurance among widely available insurers, charging an average $468 per year. But if you qualify as a military member, veteran or family member, USAA is the cheapest by far, at only $290 per year.
The average cost of car insurance in Mississippi is $657 per year, or $55 per month, for minimum liability.
Find Cheap Auto Insurance Quotes in Mississippi
Company | Monthly rate | |
|---|---|---|
| State Farm | $39 |
| Farm Bureau | $41 |
| Allstate | $58 |
| Nationwide | $61 |
| Progressive | $64 |
USAA is only available to current and former military members and their families.
A minimum-coverage policy with liability insurance is enough to meet state laws, but we recommend purchasing coverage beyond the minimum. After a major accident, Mississippi drivers with only minimum liability will likely be on the hook for paying the remaining costs out of pocket.
Cheapest company for full coverage quotes: State Farm
Mississippi drivers get the cheapest full-coverage quotes with State Farm, at $1,308 per year. We also recommend getting quotes from Farm Bureau and Nationwide, which also have cheaper rates than the state average. You may have to pay a small membership fee in order to qualify for Farm Bureau's affordable insurance, typically no more than $50 per year.
Company | Monthly rate |
|---|---|
| State Farm | $109 |
| Farm Bureau | $118 |
| Nationwide | $178 |
| Progressive | $180 |
| Allstate | $184 |
| Shelter | $202 |
| USAA | $76 |
*USAA is only available to current and former military members and their families.
A full-coverage policy includes comprehensive and collision insurance and is more expensive than a liability-only policy. Comprehensive insurance covers your car for damage from events such as weather or theft. Collision insurance covers damage to your car if you are at fault in an accident.
We recommend full-coverage insurance if the value of your car is higher than the cost of adding full coverage. If you have a car loan or lease, your lender or lessor will likely require you to buy a full-coverage policy.
Cheap car insurance for drivers with prior incidents
State Farm is one of the cheapest insurers for drivers who have previous incidents on their driving record.
A major factor in determining your car insurance quotes is your driving history. If you have one or more incidents on your record, you will likely pay higher rates, making shopping around for the best price even more important.
Find Cheap Auto Insurance Quotes in Mississippi
Cheapest car insurance after a speeding ticket: State Farm
State Farm has the lowest prices for drivers with a speeding ticket, with an average rate of $1,417 annually, or $118 per month.
Drivers could save $119 each year by getting a quote from State Farm instead of the second-cheapest option, Farm Bureau.
A speeding ticket shows insurers you might drive recklessly, so you'll likely see your rates increase if you're caught driving over the speed limit.
Company | Monthly rate |
|---|---|
| State Farm | $118 |
| Farm Bureau | $128 |
| Allstate | $204 |
| Nationwide | $214 |
| Progressive | $227 |
| Shelter | $305 |
| USAA | $98 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance quotes after an accident: State Farm
State Farm has the cheapest rates for Mississippi drivers after an at-fault accident. The company charges $1,581, 42% less than the state average.
Farm Bureau is also an affordable option for Mississippi drivers. On average, it raises rates by $439 per year, which is less than most other insurers. Several insurance companies in Mississippi — such as Nationwide Shelter, Progressive and Allstate — have much more severe penalties, all in excess of $1,100.
Insurance companies charge more for drivers with an accident on their record because those drivers may be more likely to make claims in the future.
Company | Monthly rate |
|---|---|
| State Farm | $132 |
| Farm Bureau | $155 |
| Nationwide | $274 |
| Allstate | $276 |
| Progressive | $296 |
| Shelter | $340 |
| USAA | $109 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance after a DUI: Farm Bureau
Farm Bureau has some of the lowest rates you'll find in Mississippi, at $2,413 per year.
Being convicted of a DUI is one of the most serious common driving offenses, and your insurance rate will reflect that. The typical rate for car insurance in Mississippi after one DUI is $3,372 per year, which is 88% more expensive than for a driver with a clean record.
If you're convicted of a DUI in Mississippi, you may also be required to get an SR-22 certificate to have your license reinstated.
Company | Monthly rate |
|---|---|
| Farm Bureau | $201 |
| Progressive | $229 |
| Allstate | $252 |
| State Farm | $265 |
| Shelter | $436 |
| Nationwide | $439 |
| USAA | $144 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for drivers with poor credit: Farm Bureau
Farm Bureau is the cheapest option for Mississippi drivers with poor credit. Its average rate of $2,356 per year is 25% cheaper than the state average.
Nationwide is another affordable option, at just $37 more per month than Farm Bureau.
Company | Monthly rate |
|---|---|
| Farm Bureau | $196 |
| Nationwide | $234 |
| Allstate | $267 |
| Progressive | $272 |
| Shelter | $301 |
| State Farm | $434 |
| USAA | $138 |
*USAA is only available to current and former military members and their families.
While your credit score doesn't have anything to do with how safely you drive, insurers have found that people with bad credit histories could be more likely to make an insurance claim. As a result, having a bad credit score can raise your insurance rates.
Cheapest car insurance quotes for married drivers: Farm Bureau
Farm Bureau is the cheapest insurer for married drivers, which provides a slight discount on its already cheap quotes.
For drivers looking to maximize their savings, the two insurers with the biggest discounts are Shelter (22%) and Progressive (23%), though they didn't have the cheapest rates overall for married drivers.
Company | Monthly rate |
|---|---|
| Farm Bureau | $104 |
| State Farm | $109 |
| Progressive | $139 |
| Shelter | $158 |
| Nationwide | $163 |
| Allstate | $173 |
| USAA | $69 |
*USAA is only available to current and former military members and their families.
Typically, people who are married pay a little less for insurance — about 13% less in Mississippi, on average. Insurers have found that married people are less likely to make an insurance claim, and all but one company in this study gave some kind of discount.
Cheapest car insurance for teens in Mississippi: Farm Bureau
Farm Bureau is the cheapest, widely available insurance company for 18-year-olds. Its average rate for a minimum-coverage policy is just $1,196 annually, and a full-coverage policy is just $2,584.
Young drivers tend to pay more for car insurance because they are less experienced behind the wheel. The average price for a minimum-coverage policy for an 18-year-old is $5,418 a year.
Company | Liability only | Full coverage |
|---|---|---|
| Farm Bureau | $100 | $215 |
| State Farm | $134 | $323 |
| Allstate | $186 | $622 |
| Nationwide | $217 | $575 |
| Shelter | $227 | $454 |
| Progressive | $301 | $797 |
| USAA | $63 | $175 |
*USAA 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 USAA if you are in the armed forces or have certain relatives who have had USAA policies.
Cheapest car insurance for young drivers after a ticket: Farm Bureau
Farm Bureau is the most affordable Mississippi insurance company for 18-year-olds. The company's average rate of $1,329 per year for minimum coverage is 45% less than the state average overall.
On average, rates increase 15% for 18-year-olds in Mississippi after a speeding ticket. Progressive raises rates the least, less than 3%.
Company | Monthly rate |
|---|---|
| Farm Bureau | $111 |
| State Farm | $149 |
| Allstate | $214 |
| Nationwide | $234 |
| Progressive | $309 |
| Shelter | $326 |
| USAA | $73 |
*USAA is only available to current and former military members and their families.
If you're an 18-year-old driver looking to get a discount on your policy, see if your insurer offers 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.
Cheapest for young drivers with one accident: Farm Bureau
We recommend Farm Bureau as the most affordable insurer for young drivers with a recent accident. It's 41% less than the statewide average and nearly $400 cheaper than the next most affordable option, State Farm.
Getting into an accident may increase your insurance rates, especially if you're a younger driver who's still building your skills behind the wheel. A single accident can boost your rates substantially — you could see a price increase of around 33%.
Company | Monthly rate |
|---|---|
| Farm Bureau | $138 |
| State Farm | $171 |
| Nationwide | $239 |
| Allstate | $253 |
| Shelter | $373 |
| Progressive | $382 |
| USAA | $77 |
*USAA is only available to current and former military members and their families.
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 is almost always substantially cheaper than individual policies.
Best car insurance companies in Mississippi
State Farm is our recommendation for the best insurance company in Mississippi because of a strong combination of customer service, low rates and customizable coverage. The company also has a high rating in the J.D. Power 2021 U.S. Auto Claims Satisfaction Study.
Shelter and Farm Bureau are other top Mississippi car insurance companies rated highly by our editors. Shelter has a wide range of positives, including good customer service for low prices, while Farm Bureau is affordable and offers some unusual discounts.
Company |
Editor's rating
|
JD Power
|
AM Best
|
|---|---|---|---|
| State Farm | 859 | A++ | |
| Farm Bureau | NR | A | |
| Shelter | NR | A | |
| Nationwide | 831 | A+ | |
| Allstate | 838 | A+ | |
| Progressive | 828 | A+ | |
| USAA | 890 | A++ |
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 1,000.
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
Driving without insurance in Mississippi can lead to a fine of $500 and license suspension. The minimum requirements for auto insurance in the state include:
Mississippi required car insurance coverage | MS required min. limits |
|---|---|
| $25,000 per person / $50,000 per accident | |
| $25,000 per accident |
Minimum coverage policies are the most affordable; however, we recommend drivers consider additional coverage, including both collision and comprehensive protection.
Alternatives to car insurance
While an auto insurance policy is the most convenient way to satisfy the Motor Vehicle Safety Responsibility Law in Mississippi, proof of financial responsibility can also be proven by posting a bond or making a cash deposit equal to the minimum amounts.
Average cost of car insurance in Mississippi by city
Hermanville, a small city southwest of Jackson, is Mississippi's most expensive city for insurance, with full coverage that costs $2,083 per year. The lowest rates can be found on Mississippi State's campus, at $1,568 per year.
Mississippi has average annual car insurance quotes of $657 for a minimum-coverage policy and $1,795 for a full-coverage policy. But auto theft, traffic congestion and other factors can change prices by up to $514 per year, depending on which Mississippi city you live in.
City | Average monthly cost | Percent from average |
|---|---|---|
| Abbeville | $145 | -3% |
| Aberdeen | $141 | -6% |
| Ackerman | $143 | -4% |
| Alcorn State University | $172 | 15% |
| Algoma | $136 | -9% |
Is car insurance expensive in Mississippi?
Car insurance in Mississippi is not overly expensive. The average cost for a minimum coverage policy is 16% lower than the national average, at $657 per year. The cost of car insurance in Mississippi rose by an average of 2% from last year, which is more than double the average increase nationwide of 0.64%.
Recap of the cheapest auto insurance in Mississippi
- Minimum coverage: State Farm
- Full coverage: State Farm
- After a speeding ticket: State Farm
- After an at-fault accident: State Farm
- After a DUI: Farm Bureau
- Poor credit history: Farm Bureau
- Married drivers: Farm Bureau
- Young drivers: Farm Bureau
- Young drivers after a ticket: Farm Bureau
- Young drivers after an accident: Farm Bureau
Frequently asked questions
How much is car insurance in Mississippi?
The average cost of minimum-coverage car insurance in Mississippi is $55 per month, or $657 per year. A full-coverage policy costs $150 per month, or $1,795 per year.
Is Mississippi a no-fault state?
Mississippi is not a no-fault state for car insurance. That means that the driver who causes a car accident is financially responsible for any resulting damage.
Is car insurance required in Mississippi?
Yes, drivers in Mississippi must purchase an auto insurance policy with a minimum of $25,000 of bodily injury liability coverage per person and $50,000 per accident, along with $25,000 of property damage liability coverage per accident.
Methodology
We collected thousands of rates from ZIP codes across Mississippi from the largest 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:
Coverage | Limits |
|---|---|
| Bodily injury liability | $50,000 per person/$100,000 per accident |
| Personal injury protection | $10,000 |
| Property damage liability | $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.
For other rates analyses (credit score, accident history and marriage status), the base policy listed above was changed to reflect the new driver. Rates for 18-year-old drivers are for minimum-coverage policies.
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.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.