Who Has the Cheapest Car Insurance Quotes in Mississippi? (2023)

Who Has the Cheapest Car Insurance Quotes in Mississippi? (2023)

Progressive and State Farm have the best cheap car insurance in Mississippi, both offering rates around $31 per month for minimum liability coverage.

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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 in each ZIP code in the state. Quotes for minimum coverage meet the 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: Progressive

Progressive and State Farm offer Mississippi's cheapest minimum-coverage car insurance among widely available companies, charging an average of $31 per month. But if you qualify as a military member, veteran or family member, USAA is the cheapest by far, at only $23 per month.

The average cost of car insurance in Mississippi is $45 per month, or $541 per year, for minimum liability.

Cheapest car insurance companies in Mississippi

Find Cheap Auto Insurance Quotes in Mississippi

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Cheapest minimum coverage car insurance in MS

Company
Monthly rate
Progressive logo
Progressive$31
State Farm logo
State Farm$31
Farm Bureau logo
Farm Bureau$40
Geico logo
Geico$43
Nationwide logo
Nationwide$51
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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, including damage to their vehicle if they are found to be at fault.

Cheapest company for full-coverage quotes: State Farm

Mississippi drivers get the cheapest full-coverage quotes with State Farm, which has an average rate of $87 per month.

Company
Monthly rate
State Farm$87
Progressive$98
Farm Bureau$116
Travelers$140
Geico$152
Show All Rows

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 nonaccident 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 to an annual policy. 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 Mississippi drivers with prior incidents

State Farm is the cheapest auto insurance company for drivers with a speeding ticket on their 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 most likely pay higher rates, which makes shopping around for the best price even more important.

Find Cheap Auto Insurance Quotes in Mississippi

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Cheapest Mississippi 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 $1,123 annually, or $94 per month, for full coverage.

A speeding ticket shows insurance companies you might drive recklessly, so you'll likely see your rates increase if you're caught driving over the speed limit. Drivers in Mississippi with a speeding ticket pay an average of 30% more for car insurance than drivers with a clean record.

Cheapest car insurance in Mississippi after a ticket

Company
Monthly rate
State Farm$94
Progressive$125
Farm Bureau$126
Travelers$176
Allstate$196
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Cheapest car insurance quotes in Mississippi after an accident: Farm Bureau

Farm Bureau has the cheapest rates for Mississippi drivers after an at-fault accident. The company charges $153 per month for full coverage, 32% less than the state average.

Progressive is also an affordable option for Mississippi drivers, with an average rate of $160 per month after an accident.

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.

Cheapest Mississippi car insurance after an accident

Company
Monthly rate
Farm Bureau$153
Progressive$160
Travelers$193
State Farm$252
Allstate$262
Show All Rows

Cheapest Mississippi car insurance after a DUI: Progressive

Progressive has some of the lowest rates you'll find in Mississippi after a DUI, with an average rate of $123 per month for full coverage, which is around 55% cheaper than other companies.

Being convicted of driving under the influence is one of the most serious common driving offenses, and your insurance rate will reflect that. The average rate for car insurance in Mississippi after one DUI is $3,314 per year, which is 112% more expensive than the rate for a driver with a clean record.

If you're convicted of driving under the influence in Mississippi, you may also be required to get an SR-22 certificate to have your license reinstated.

Cheapest car insurance in MS after a DUI

Company
Monthly rate
Progressive$123
Farm Bureau$199
Travelers$203
State Farm$206
Allstate$242
Show All Rows

Cheapest car insurance for drivers with poor credit: Progressive

Progressive is the cheapest option for Mississippi drivers with poor credit. Its average rate of $2,032 per year for full coverage is 33% cheaper than the state average. Farm Bureau is also an affordable option at $202 per month.

Company
Monthly rate
Progressive$169
Farm Bureau$202
Geico$217
Travelers$241
Nationwide$242
Show All Rows

While your credit score doesn't have anything to do with how safely you drive, companies 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 for teens in Mississippi: Farm Bureau

Farm Bureau is the cheapest widely available insurance company for 18-year-olds and young adults. Its average rate for a minimum-coverage policy is just $97 per month, and a full-coverage policy is just $212.

Young drivers tend to pay more for car insurance because they are less experienced behind the wheel. While the rates for drivers with less experience are more expensive, these rates get lower over time if you keep your driving record clean. The average price for a minimum-coverage policy for young drivers is $147 a month.

Cheapest car insurance for young drivers in MS

Company
Liability only
Full coverage
Farm Bureau$97$212
State Farm$108$249
Progressive$156$481
Shelter$160$387
Travelers$162$373
Show All Rows

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 Mississippi drivers after a ticket: Farm Bureau

Farm Bureau is the most affordable Mississippi insurance company for 18-year-olds after a ticket. The company's average rate of $108 per month for minimum coverage is 69% less than the state average overall.

On average, rates for 18-year-olds in Mississippi increase by 20% after a speeding ticket.

Company
Monthly rate
Farm Bureau$108
State Farm$120
Progressive$160
Geico$201
Travelers$203
Show All Rows

If you're a young driver looking to get a discount on your policy, see if your insurance company 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 company.

Cheapest for young Mississippi drivers with one accident: Farm Bureau

We recommend Farm Bureau as the most affordable company for young drivers with a recent at-fault accident, with minimum-coverage rates 67% cheaper than the statewide average.

Getting into an accident usually increases 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 37%.

Cheapest MS car insurance for young drivers after an accident

Company
Monthly rate
Farm Bureau$135
State Farm$138
Progressive$197
Nationwide$225
Geico$225
Show All Rows

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.

Cheapest car insurance quotes for married drivers in Mississippi: Progressive

Progressive is the cheapest company in Mississippi for married drivers, with a significant discount on its already cheap quotes for full coverage.

For married drivers looking to maximize their savings, the two companies with the lowest rates are Progressive and State Farm.

Cheapest car insurance for married drivers in MS

Company
Monthly rate per car
Progressive$76
State Farm$87
Farm Bureau$103
Shelter$135
Travelers$141
Show All Rows

Typically, people who are married pay a little less for insurance — about 8% less in Mississippi, on average. This is because insurance companies have found that married people are less likely to make an insurance claim.

Best car insurance companies in Mississippi

Farm Bureau is our recommendation for the best insurance company in Mississippi because of a strong combination of customer service, low rates and customizable coverage.

Shelter and USAA 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 USAA is affordable and offers military-specific benefits.

Best car insurance in Mississippi

Company
Editor's rating
J.D. Power
AM Best
Farm Bureau
NRA
USAA
881A++
Shelter
866A
State Farm
842A++
Geico
835A++
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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.

AM Best's financial strength rating is a letter grade describing a company'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++".

Average cost of car insurance in Mississippi by city

Alcorn State University's campus is Mississippi's most expensive area for insurance, with full-coverage insurance rates averaging $149 per month. The cheapest rate can be found on Mississippi State's campus, at $113 per month.

Mississippi has average annual car insurance quotes of $45 per month for a minimum-coverage policy and $130 per month for a full-coverage policy. But auto theft, traffic congestion and other factors can change full-coverage prices by up to $435 per year, depending on which Mississippi city you live in.

Mississippi car insurance quotes near you

City
Monthly cost
Difference from average
Abbeville$126-4%
Aberdeen$122-6%
Ackerman$124-5%
Alcorn State University$14915%
Algoma$123-6%
Show All Rows

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 are often written as 25/50/25 and include:

Mississippi required coverage

Minimum 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, you can also show proof of financial responsibility by posting a bond or making a cash deposit equal to the minimum requirements.

Recap of the cheapest auto insurance in Mississippi

  • Minimum coverage: Progressive
  • Full coverage: State Farm
  • After a speeding ticket: State Farm
  • After an at-fault accident: Farm Bureau
  • After a DUI: Progressive
  • Poor credit history: Progressive
  • Young drivers: Farm Bureau
  • Young drivers after a ticket: Farm Bureau
  • Young drivers after an accident: Farm Bureau
  • Married drivers: Progressive

Frequently asked questions

Who has the cheapest car insurance in Mississippi?

State Farm and Progressive have the cheapest insurance in Mississippi, with a minimum-coverage rate of $31 per month. State Farm offers the cheapest full-coverage policies, for $87 per month on average.

How much is car insurance in Mississippi?

The average cost of minimum-coverage car insurance in Mississippi is $45 per month, or $541 per year. A full-coverage policy costs $130 per month, or $1,563 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 insurance companies. We used a sample driver with the profile of a 30-year-old man who drives a 2015 Honda Civic Ex with good credit.

Our quotes for a full-coverage policy include the following limits:

  • Bodily injury liability: $50,000 per person/$100,000 per accident
  • Medical payments coverage: $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 used a policy with only the minimum limits for car insurance in Mississippi.

For other rate analyses (credit score, accident history and marital status), the base policy listed above was changed to reflect the new driver. Rates for 18-year-old drivers are for minimum-coverage policies unless otherwise noted.

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.