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).

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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.

Cheapest car insurance companies in Mississippi

Find Cheap Auto Insurance Quotes in Mississippi

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Company
Monthly rate
State Farm logo
State Farm$39
Farm Bureau logo
Farm Bureau$41
Allstate logo
Allstate$58
Nationwide logo
Nationwide$61
Progressive logo
Progressive$64
Show All Rows

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

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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
859A++
Farm Bureau
NRA
Shelter
NRA
Nationwide
831A+
Allstate
838A+
Progressive
828A+
USAA
890A++

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

Bodily injury (BI) liability

$25,000 per person / $50,000 per accident

Property damage (PD) liability

$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$17215%
Algoma$136-9%
Show All Rows

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.