Who Has The Cheapest Renters Insurance Quotes in Mississippi?

To see who has the cheapest and the most expensive renters insurance in Mississippi, our study gathered data for one sample property (a rental property with roughly 1,000 square feet of living space and $100,000 in liability coverage). The results showed premiums in the most expensive place were 18% higher than the cheapest. The rates have comparative value but are not indicative of what all tenants can expect to pay for their renters insurance. Read more below, or enter your zip code to start looking for renters insurance quotes.

Cheapest Renters Insurance in Mississippi

We conducted a study to find the cheapest renters insurance in Mississippi by collecting quotes for a sample property of 1,000 square-feet. For our sample renters policy, we found that State Farm offered the most affordable average annual rate at $300, which is 55% cheaper than Nationwide’s average annual rate at $660. Below are the average annual rates for the five major companies, ranked from cheapest to most expensive:

Rank

Cheapest Renters Insurance CompanyAverage Annual Rates

1

State Farm$300

2

Liberty Mutual406

3

Allstate406

4

GEICO495

5

Nationwide660

Average453

These rates were for a sample property. To find the best rates for yourself, we recommend looking up quotes from different companies and comparing them.

Best Renters Insurance Rates in Mississippi: by City

The places with the best renters insurance in Mississippi are all located in the the northern half of the state, In fact, three are very near the Tennessee border and included in the statistical area of Memphis. Given the tropical storm risk the southern region of the state faces, the location of the cheapest places is not surprising and consistent with other adjacent states. However, the savings is not very substantial. The cheapest city, Tupelo, has premiums that are 3.5% lower than the state average.

Rank

CityAverage Annual Rate% Difference vs State Average

1

Tupelo$438-3.5%

2

Southaven439-3.4%

3

Senatobia439-3.3%

4

Columbus439-3.3%

5

Olive Branch439-3.3%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Tupelo, MS

The city with the best renters insurance in Mississippi was named Tupelo after the large number of tupelo trees grew in the area. It is best known for being the birthplace of Elvis Presley, the “King of Rock and Roll.” It also was the first city to receive power from the Tennessee Valley Authority established by President Franklin D. Roosevelt. Renters insurance quotes were 3.5% less than the state average.

Southaven, MS

The area was originally inhabited by the Mississippian Indians. It is the childhood home of the famous novelist John Grisham and singer and songwriter Cory Branan. It has nearly 50,000 residents and some of the cheapest renters insurance in Mississippi. Premiums are 3.4% lower than the state property.

Senatobia, MS

Land purchased from Native Americans became the town of Senatobia, which means "white sycamore.” The emergence of the Tennessee and Mississippi Railroad sparked growth in Senatobia once a rail station was built. Renters insurance rates for our sample property also are 3.3% lower than the average for the state.

Columbus, MS

Columbus was called Possum Town until Silas McBee later changed the name to Columbus, after Italian explorer Christopher Columbus. The Franklin Academy was the first school established in the city and the first public school of the state. The Columbus Air Force Base was established during World War II. Tenants in Columbus have 3.3% lower renters insurance rates than the state average.

Olive Branch, MS

The cotton business flourished in Olive Branch in the early 19th century, along with several other industries. The city in the northwest corner of the country has a population of more than 33,000. Olive Branch residents pay 3.3% less to insure the sample property than the average state rate.

Most Expensive Renters Insurance in Mississippi

The places with the most expensive renters insurance premiums are primarily locatd in the southern half of Mississippi. Europa is the only exception out of the top five. The others are located on or very near the coast of the Gulf of Mexico or along a river. The place with the most expensive renters insurance is Gulfport, which had quotes that were 13.5% higher than the state average.

Rank

CityAverage Annual Rate% Difference vs State Average

1

Gulfport$51513.5%

2

Wiggins50711.7%

3

Pass Christian4959.1%

4

Leakesville4805.8%

5

Eupora4795.6%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Gulfport, MS

Gulfport is the second largest city in Mississippi and was once a major port city for lumber. In 2005, the majority of the city was destroyed by Hurricane Katrina. The largest employer in the city is the Naval Construction Battalion Center and the port is still home to the Seabees, which are part of the U.S. Naval Construction Forces. Renters insurance premiums are 13.5% higher than the state average.

Wiggins, MS

Wiggins is a city of roughly 4,500 residents in southern Mississippi and hosts an annual Pine Hill Festival in the middle of it that attracts as many as 15,000 attendees. Today, Wiggins is one of the fastest growing communities in Mississippi. Renters insurance rates are 11.7% higher in Wiggins than the state average.

Pass Christian, MS

Pass Christian was named after a nearby deep-water pass named after Nicholas Christian L'Adnier. Nicknamed “The Pass,” Pass Christian was a hot beach spot and a summer retreat for the affluent of New Orleans. Manufacturing and seafood processing are both important industries to the area. Some of best oyster reefs in the world are near Pass Christian. Renters insurance rates in the city are 9.1% higher than the state average.

Leakesville, MS

Leakesville, Mississippi is a small town of fewer than 1,100 people and the post office there has been open since 1829. Wilmer David "Vinegar Bend" Mizell, a professional baseball player who went on to become a congressman, grew up in the city. Renters insurance quotes for Leakesville were 5.8% higher than the state average.

Europa, MS

The rural town has a population of about 2,100 people and is part of Webster County. The ghost of William F. Brantley, an attorney and Confederate general from Greensboro is rumored to haunt the city today. Renters insurance rates in Eupora, Mississippi were only 5.6% higher than that average for the state.

Average Cost of Renters Insurance in Mississippi: by City

This study gathered renters insurance quotes for the previously mentioned sample property from five major carriers across 53 cities in Mississippi. We used that data to calculate a mean rate of $454 for the state and compared it to the rates for each city to determine who had the cheapest and the most expensive. The study showed that Mississippi, while not the cheapest state in the U.S. in terms of the benchmark mean, had a narrow range. The most expensive place was only 18% higher than the cheapest. In other states, where the identical sample property was tested, the difference between the cheapest and the most expensive property is far greater. For example, while the most expensive city in Delaware is only 7% more expensive than the cheapest, the difference between places in the state of Texas is 74%. In California, the rates in the most expensive place are more than 2x the rates in the cheapest.

Average Cost of Renters Insurance

Study Methodology

Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage. We then collected quotes for that sample residence from five of the major carriers that offer a renters insurance product in the state of Mississippi. We averaged rates for the sample home in each city as a benchmark to show which cities are relatively cheaper or more expensive. Those comparative values are not indicative of what tenants can expect to pay for an annual renters insurance premium.

Rank

CityAverage Annual Rate% Difference vs State Average

17

Aberdeen$444-2.3%

47

Ackerman4744.3%

18

Batesville444-2.2%

46

Bay Saint Louis4693.4%

37

Belzoni4560.5%

35

Biloxi4550.2%

38

Brookhaven4570.6%

23

Carthage447-1.6%

26

Clarksdale450-0.8%

30

Cleveland451-0.6%

25

Clinton449-1.1%

39

Columbia4570.6%

4

Columbus439-3.3%

22

Corinth446-1.7%

49

Eupora4795.6%

24

Forest449-1.1%

27

Greenville451-0.7%

21

Greenwood446-1.8%

53

Gulfport51513.5%

31

Hattiesburg452-0.4%

42

Hazlehurst4580.9%

19

Hernando444-2.2%

8

Holly Springs440-3.1%

9

Horn Lake440-3.0%

34

Houston4540.1%

48

Jackson4744.5%

12

Kosciusko442-2.7%

32

Laurel452-0.3%

50

Leakesville4805.8%

20

Louisville446-1.9%

15

Madison443-2.4%

28

Mccomb451-0.7%

10

Meridian441-2.9%

41

Monticello4580.9%

36

Natchez4550.2%

5

Olive Branch439-3.3%

11

Oxford441-2.8%

44

Pascagoula4591.1%

51

Pass Christian4959.1%

33

Pearl453-0.3%

14

Philadelphia443-2.5%

45

Picayune4672.9%

13

Ridgeland442-2.6%

3

Senatobia439-3.3%

2

Southaven439-3.4%

6

Starkville440-3.1%

29

Tunica451-0.7%

1

Tupelo438-3.5%

7

Vicksburg440-3.1%

40

Water Valley4580.8%

43

Waynesboro4591.0%

16

West Point443-2.3%

52

Wiggins50711.7%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

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