When shopping for homeowners insurance, it's important that you consider a company's reputation for reliable customer service, range of policy offerings and price. We reviewed thousands of home insurance quotes from across Mississippi to determine the best provider in the state.
Compare Home Insurance Quotes from Providers in Mississippi
The best rate for typical homeowners we found was $1,239 per year. Still, a company's price isn't enough on its own to help you find the right coverage for your needs. We've selected our picks for the top homeowners insurance companies in Mississippi and displayed them below.
Best homeowners insurance for most people: Allstate
Allstate has the best homeowners insurance for most people in Mississippi. Due to its array of optional coverages, this company allows a variety of homeowners with different lifestyles and needs to get the coverage they need. Additionally, the average cost of a policy from Allstate ($1,301) is about 10% cheaper than Mississippi's statewide average.
You may also be able to qualify for additional discounts on a homeowners insurance policy from Allstate. You could receive discounts for:
- Bundling your coverage
- Having a claim-free insurance history
- Installing security devices in your home
- Being retired and over 55
With homeowners insurance from Allstate, you can upgrade your policy with identity theft coverage, protection from water or sewage backups and a green improvement reimbursement, which enables you to rebuild after a loss with eco-friendly materials. Allstate's website lets you quickly make these changes online, or you may contact your insurance representative if you prefer an in-person experience.
Most affordable homeowners insurance: Travelers
If you're looking for the cheapest homeowners insurance in the state, you might consider coverage from Travelers. This company's policies have an average price of $1,239, which is about 14% or $200 less than the typical cost of protection across Mississippi.
You also have the chance to reduce the price of your policy by:
- Bundling insurance
- Purchasing a new home or recently moving in
- Maintaining a clear claim history
- Installing protective or anti-theft devices in your home
- Earning certification for your home from Leadership in Energy and Environmental Design (LEED), an assessor of environmental technologies and materials.
Best local insurer: Mississippi Farm Bureau
Homeowners looking for a company that has roots in its community might consider insurance from Mississippi Farm Bureau. The insurer oversees a public policy group that communicates and lobbies for its members' interests. If you're a property owner in Mississippi, you could use this company's legislative ties to make your voice heard on local issues that affect you. The Farm Bureau also gives you the opportunity to stay informed on local agricultural news by circulating a local newsletter.
Its affordable costs also make Mississippi Farm Bureau an attractive homeowners insurance provider. We found that this insurer has an average yearly premium of $1,303 — that's about 10% less than Mississippi's overall average of $1,442. Additionally, you must pay a separate membership fee to get this insurer's benefits.
Best for military families: USAA
If you're a family member of an active-duty or retired service member, USAA could be your top option for homeowners insurance. USAA was among the companies with the best customer service in our survey, scoring 5/5 on J.D. Power's analysis of consumer satisfaction in the insurance industry.
USAA's standard policy comes with replacement cost coverage. This type of dwelling protection, which calculates any compensation after a loss without accounting for the amount that your property has depreciated in value, could prove particularly valuable to Mississippians — especially given the impact of severe weather in the state.
The only downside to USAA's homeowners insurance is that a policy has an average cost of $1,690 per year. This figure is about 17% more expensive than Mississippi's average. However, as long as you're eligible for coverage from USAA, we still recommend considering a policy.
Homeowners insurance companies with the best and worst customer service
To find the company with the best customer service in Mississippi, we compared each insurer's score on the National Association of Insurance Commissioners' (NAIC) complaint index. This scale tracks the amount of complaints an insurer is responsible for given its market share. We also compared the scores that companies received from J.D. Power.
In Mississippi, we found that customers were generally satisfied with the service they received from their homeowners insurance providers. All the companies we scrutinized had NAIC scores well below the typical rate. The company with the highest amount of complaints, Allstate, still gets over 60% fewer complaints than is typical for a firm its size.
The homeowners insurance providers with the best scores were USAA and Mississippi Farm Bureau, which both placed at 0.14 on the complaint index. You can compare the customer satisfaction ratings of all the companies below.
|Company||NAIC complaint index (lower is better)||J.D. Power (higher is better)||A.M. Best|
|Mississippi Farm Bureau||0.14||N/A||N/A|
Cheapest options for homeowners insurance in Mississippi
While researching Mississippi's homeowners insurance market, we compared the price of coverage across all the state's ZIP codes and found that the average yearly price of protection from Travelers is the cheapest in the state, at $1,239. Even the state's cheapest rate is more expensive than the national average, which is $1,083 annually.
The graph that follows illustrates the costs of the six other companies in this study.
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Most common homeowners insurance perils in Mississippi
Mississippi's coastal position alongside the warm waters of the Gulf of Mexico means that it's a possible target of hurricanes. The wind damage that hurricanes cause is typically included in most homeowners insurance policies. However, the limits of your policy's dwelling coverage determine whether you would be able to fully rebuild your home following a disaster. If you have a high-value home, it could be a good idea to increase your insurance's coverage or upgrade your policy to one with replacement cost protection.
Most homeowners insurance policies don't safeguard your property against flood damage by a hurricane or Mississippi's heavy rainfall, which NOAA says have continued to be at above-average amounts. Since the state is one of the lowest-lying in the country, flood damage could pose a particularly pressing threat to many of its homeowners. Unfortunately, most homeowners insurance policies exclude flood damage from protected perils. To cover your home, you must buy flood protection from the National Flood Insurance Program (NFIP) or a private provider, if available in your area.
Mississippi insurance rates: city-by-city breakdowns
The data we collected from this survey allows us to provide the costs of homeowners insurance in each of Mississippi's cities that have more than 10,000 people. This table shows the costs of coverage in the state's 43 largest cities and compares each city's price with the state's average.
|City||Average cost||Difference from average|
|Bay Saint Louis||$1,766||23%|
As the table illustrates, the average rate for property insurance can vary even within the same state. The amount your insurer charges will be influenced by how much your home is worth and how exposed your location is to the threat of hurricanes and other disasters.
Our survey of home insurance quotes in Mississippi included estimates from seven of the state's largest insurance providers. For each company, we collected quotes from every ZIP code in the state. The sample property we used to generate each quote was built in 1982 to correspond to Mississippi's median building year and insured to $120,000, the median value of owner-occupied homes in the state.
We included these insurers in our study:
- State Farm
- Mississippi Farm Bureau
Due to technical limitations, we were forced to exclude Liberty Mutual, Farmers, Alfa, Shelter and Assurant, some of the largest insurance providers in the state.
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.