Who Has The Cheapest Motorcycle Insurance In Mississippi?

Who Has The Cheapest Motorcycle Insurance In Mississippi?

Progressive offers Mississippi motorcycle riders the best rates overall, charging just $638 per year for full coverage. That's $175 less than the state average, which is $813 per year.

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To help Magnolia State riders pick the best coverage, we assembled hundreds of quotes from across the state. Check out the tool above, or read through our analysis, to get the protection you need to ride legally on the road.

Best motorcycle insurance for most people: Progressive

Progressive has it all: cheap rates, superior customer service and a wide range of coverages.
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Most riders in Mississippi will find their best coverage with Progressive. Motorcycle insurance from Progressive costs $638 per year, which is 22% cheaper than the state average. Customers can offset those rates even further through an impressive list of discounts, including:

  • Multipolicy discount: If you insure other property with Progressive
  • Motorcycle endorsement discount: If you get a motorcycle license or add a motorcycle endorsement to your driver's license
  • Safety endorsement discount: For finishing a safety course
  • Responsible driver discount: For having no accidents or violations over the course of the past three years
  • Pay in full: For riders who pay for their entire policy at the beginning
  • Pay on time: For riders who consistently make their policy payments on time
  • Autopay: For riders who authorize Progressive to withdraw their payments via electronic funds transfer
  • Discount for getting a quote in advance: For asking Progressive for a quote at least one day before your policy starts
  • Association member discount: Available to USAA members or members of the Harley Owners Group

Another perk of insuring your motorcycle with Progressive is that the company automatically includes full replacement cost with no depreciation for parts — no matter if you use custom parts or original manufacturer equipment — if you purchase collision and comprehensive coverage. You can also add the following coverages to your policy:

  • Total loss coverage for new motorcycles
  • Roadside assistance
  • Trip interruption
  • Carried contents
  • Disappearing deductible
  • Enhanced injury protection

Progressive also stands out for its unusually low rate of complaints — lower than any other insurer in our study. It received just a 0.27 on the National Association of Insurance Commissioners (NAIC) complaint index, which means it receives about 73% fewer complaints than you would expect for an insurer of its size.

Best for daily riders: Allstate

Allstate offers rental reimbursement coverage, which makes it a solid pick for riders who use their motorcycle as their regular vehicle.
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Allstate stands out because it offers riders rental reimbursement coverage — a vital add-on for regular riders. If you get into an accident and your motorcycle is in the shop for repairs, rental reimbursement coverage provides you with a substitute vehicle to get around.

While Allstate isn't the only insurer that offers rental reimbursement coverage, it is the most affordable. Full coverage from Allstate costs $792 per year on average, making it 3% cheaper than the state average and the cheapest option with rental reimbursement coverage. Another benefit is that all policies include $1,000 worth of coverage on any aftermarket upgrades you add to your motorcycle.

In addition to rental reimbursement and added equipment coverage, Allstate customers have access to several other add-on coverages that can help protect their motorcycle. These include:

  • Towing and labor coverage
  • Motorcycle and off-road vehicle transport damage coverage
  • Lease/loan gap coverage
  • Higher limits on equipment coverage

Best for military families: USAA

USAA offers insurance at a discount from a company with strong coverage options.
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If you or certain select family members have served in the armed forces, we recommend getting a motorcycle insurance quote from USAA. The company does not sell its own motorcycle insurance but instead works through Progressive.

USAA members can get a 5% discount on a Progressive policy, on top of any other Progressive discounts for which they are eligible. This makes USAA an exceptionally affordable option for members of the military community.

USAA policyholders will also have access to Progressive's strong menu of coverages, which includes carried contents coverage and original equipment manufacturer coverage. Start your search with USAA if you are eligible for coverage.

Best-rated Mississippi motorcycle insurers

You're most likely to get quality customer service in Mississippi from Progressive, according to the National Association of Insurance Commissioners (NAIC). Its complaint index score of 0.27 means it receives far fewer complaints than would be expected for an insurer of its size. Geico comes in at a close second, so that could be a good second option as you compare rates.

Insurer
NAIC complaint index
AM Best FSR
Allstate0.87A+
Dairyland2.69A+
Geico0.79A++
Nationwide0.88A+
Progressive0.27A+
USAA0.85A++

A score of 1.00 on the NAIC complaint index means that an insurer receives an average number of complaints given its size. A score below 1.00 indicates fewer complaints than average, while a score above 1.00 indicates more complaints than average. Be aware that the NAIC complaint index includes complaints for both motorcycle and auto insurance policies.

No matter which insurer in this study you choose, you can be confident that they should be able to pay out any claim you might make. All the companies we looked at received an A+ or A++ financial strength rating from AM Best, indicating a "superior" ability to meet their financial obligations and pay out claims.

Cheapest motorcycle insurance companies in Mississippi

In addition to offering superior customer service and a wide menu of coverages to choose from, Progressive has the best rates for motorcycle insurance in Mississippi. Riders can save $175 per year compared to the state average by purchasing full coverage from Progressive.

A graph of the lowest motorcycle insurance rates in Mississippi

Geico and Allstate also offer comparatively affordable rates. At $768 annually, Geico is 6% cheaper than the state average, while at $792 annually, Allstate is 3% cheaper than the state average.

Mississippi motorcycle insurance cost by city

Where you live within Mississippi has a significant impact on how expensive your rates are. We found that the most expensive city for motorcycle insurance is Pass Christian, where rates average $1,028 per year. Six cities are tied for the most affordable rate, with Hernando, Holly Springs, Horn Lake, Olive Branch, Southaven and Columbus all coming in at $700 per year.

To see how your city compares to the state average, check out the table below:

City
Annual rate
Percentage difference from statewide average
Aberdeen$8110%
Ackerman$796-2%
Batesville$752-7%
Bay Saint Louis$1,02827%
Belzoni$8403%
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Mississippi motorcycle insurance requirements

Riders in Mississippi are required to carry motorcycle coverage to drive legally on the roads. A minimum coverage policy must have the following coverage limits:

Coverage
Limits
Bodily injury liability coverage$25,000 per person/$50,000 per accident
Property damage liability coverage$25,000 per accident

ValuePenguin generally recommends buying more insurance coverage than the state-mandated minimum. You don't want to find yourself in a situation where you cause a significant amount of damage and can't afford to pay for the resulting legal bills, injuries or repairs.

Methodology

For this study, ValuePenguin collected quotes from five large motorcycle insurance companies that operate in Mississippi: Progressive, Nationwide, Geico, Dairyland and Allstate. Our sample rider is 45 years old and protects his 2021 Harley-Davidson Street Glide with the following coverage limits:

  • Bodily injury liability: $100,000 per person/$300,000 per accident
  • Property damage liability: $50,000
  • Collision: Included/$500 deductible
  • Comprehensive: Included/$500 deductible
  • All other coverages: Not included unless legally required

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.