Who Are the Cheapest Car Insurance Companies in Mississippi?

If you're looking for cheap car insurance in Mississippi, it's best to shop around among multiple providers. We compared local car insurance quotes for a benchmark driver in 160+ cities across the Magnolia State, and found that the cheapest car insurance in Mississippi varies widely by location and insurance company.

In fact, the most expensive auto insurance company costs over twice as much what the cheapest auto insurance company in Mississippi charged. 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

The three cheapest car insurance companies in Mississippi are State Farm, Mississippi Farm Bureau and Alfa Insurance, based on our analysis of car insurance quotes across the state. 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.

Shoppers should note that the Farm Bureau charges an annual membership fee, which can range from $25 to $40 based on which county drivers live in.

The three cheapest insurers had an average annual rate of $1,678, which is almost $600 below the state average. If you qualify, USAA is also an extremely affordable option, with average rates of $1,033 per year. We suggest that drivers looking for low rates add these four insurers to their list of companies to get and compare quotes from.

Progressive, Allstate and Shelter rank as some of the more expensive insurers in Mississippi. The average of these insurers' rates is $3,107 per year, 41% more expensive than the Mississippi average.

Cheapest full coverage auto insurance: State Farm

A full coverage policy includes comprehensive and collision insurance, 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 a quote from Mississippi Farm Bureau and Alfa.

Comprehensive insurance covers your car against damage from events that are an "act 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.

Cheapest minimum liability auto insurance: Mississippi Farm Bureau

If you're looking for the cheapest auto insurance policy possible, you should buy one that meets the minimum coverage limits required by Mississippi. Among insurers offering these policies, we found Mississippi Farm Bureau to be the cheapest.

For those who qualify, USAA is by far the cheapest option for minimum coverage in Mississippi. The average quote for our sample driver was only $267 per year, about half the price of the Mississippi Farm Bureau.

A minimum coverage policy with liability insurance will ensure you're compliant with state law, but we always recommend purchasing even more liability coverage. 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 the remaining costs out of pocket.

Cheapest for drivers with an accident on their record: 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 crash again. 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.

Alfa Insurance may also be an affordable option for Mississippi drivers. On average, it raised rates by $261 per year for our sample driver, which is less than any other insurers, including State Farm. Several insurance companies in Mississippi — such as Shelter, Progressive and Allstate — had much more severe penalties for our driver in excess of $1,700.

Best auto insurance companies in Mississippi

One way of evaluating which Mississippi carriers are the best for car insurance is to analyze how many complaints they received relative to their competitors — a complaint index. By this measure, Mississippi Farm Bureau, Progressive and Nationwide rank as the best insurers for customer service in Mississippi.

Given its combination of low complaints and affordability, Mississippi residents looking for their best overall car insurance option should definitely take a look at the Farm Bureau.

The complaint index is calculated by comparing each company's share of complaints versus its market share. The lower each company's complaint index figure, the more the company outperforms its competitors. The national average is 1.0, so all these insurers have a complaint rate that is lower — in other words, better — than the average insurance company.

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.

Cheapest auto insurance in Mississippi: by city

The cheapest rates for car insurance in Mississippi will vary depending on your location. We looked into auto insurance quotes at the 50 most populated cities in the state to see just how much rates can change and recommend the cheapest insurer on average in each.

If you qualify for USAA, it tends to be the cheapest insurer in any given city. Otherwise, State Farm was the most affordable option.

Mississippi Farm Bureau and Alfa Insurance alternated as the third most affordable car insurance company for these 50 Mississippi cities, with the Farm Bureau one of the top three cheapest in 33 cities and Alfa Insurance in the remaining 17.

To take a closer look at how car insurance rates may change depending on where you live in Mississippi, we dug into costs for the five largest cities below:

The range of car insurance prices in Mississippi tends to be quite narrow. The most expensive city, Jackson, is 10% more expensive than the state average, while the cheapest city, Tupelo, is only 11% cheaper than the average cost of car insurance in Mississippi.

Car insurance in Jackson, MS

Jackson is the most expensive city in Mississippi for auto insurance, which makes sense: densely populated areas with more accidents tend to have more expensive quotes.

Auto insurance in Gulfport, MS

Like Jackson, it's harder for drivers to find cheap car insurance in Gulfport. It ranks as the fifth most expensive city in the state.

Auto insurance in Southaven, MS

For a populous city, Southaven is relatively affordable. Its prices are right around average of our 50 cities.

Auto insurance in Biloxi, MS

Like Jackson and Gulfport, Biloxi residents will pay some of the highest rates in the state. Biloxi ranks as the eighth most expensive city for car insurance.

Auto insurance in Hattiesburg, MS

Despite its size, Hattiesburg is the most affordable big city for car insurance. It is the 14th most affordable place in Mississippi.

Average cost of car insurance in Mississippi: by city

How much is car insurance in Mississippi? We found the state has average yearly car insurance premiums of of $2,208.

But rates change depending on location. Quote data for our sample driver was collected across these eight insurers to determine the average cost per city. This figure was then used to rank and compare the cities relative to one another, from the cheapest rates to the most expensive.

Methodology

We collected quotes from over 160 Mississippi cities to complete this study. When obtaining a quote, we used the profile of a 30-year-old male driving a 2015 Honda Civic EX. The driver has a below average credit record and sought a full coverage policy with the following limits:

For the policy meeting only Mississippi's minimum coverage requirements, our sample driver bought a policy with those specific liability limits.

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.