Average car insurance cost in Biloxi, MS

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Based on an analysis by Insure.com, the typical car insurance expense in Biloxi, Mississippi is $2,084 annually. Furthermore, car insurance premiums in Biloxi are $76 more than compared to the state average in Mississippi and $189 more than the national average.

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Biloxi, the average car insurance rates by age and gender, and the costs in Biloxi based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Biloxi. Keep reading to learn more.

Cheap car insurance companies in Biloxi

Nationwide offers the cheapest car insurance in Biloxi, at an average of $1,306 per year with full coverage limits of 100/300/100.

The second cheapest company in Biloxi is State Farm, offering car insurance rates at $1,700 per year.

As mentioned earlier, car insurance rates vary from one company to another because the factors used to calculate rates vary by insurer. Therefore, comparing quotes from multiple insurers is recommended to find cheap car insurance rates in Biloxi before deciding on the policy that matches your requirements.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Biloxi, Mississippi:

Read about the best car insurance companies.

Average car insurance cost in Biloxi by coverage limits

The average car insurance rates in Biloxi based on coverage types are as follows:

• State minimum coverage: $542 per year (limits are 25/50/25)
• Liability only coverage: $735 per year (limits are 50/100/50)
• Full coverage: $2,084 per year (limits are 100/300/100)
• Non-owners coverage: $386 per year

In many states, it’s a legal requirement for drivers to maintain the state minimum coverage, although these requirements vary by state. The state minimum coverage does not cover vehicles listed on your policy in an at-fault accident.

To avoid the risk of insufficient coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage, especially if you frequently borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Biloxi

The average car insurance per year for female drivers in Biloxi, Mississippi, is $2,072.

Whereas the yearly average car insurance rate for male drivers is $2,097, which is $25 more than what female drivers pay.

According to the Insurance Information Institute, women are considered to be safer drivers than men, and statistics have proved this. They often enjoy lower auto insurance premiums due to their lower incidence of severe accidents compared to men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Biloxi

In Biloxi, teenagers have the highest car insurance rates, at $6,416 per year or $535 per month. This higher rate is attributed to the increased risk of road accidents among teenagers (aged 16 to 19) due to their limited experience on the road, according to the Insurance Information Institute.

However, there are driving laws for teens to improve their driving habits. Additionally, the cost of teen insurance can be reduced by adding them to a parent’s auto insurance policy. As teens mature and establish a positive driving history, their car insurance rates are likely to decrease.

Young adults, pay an average of $3,287 annually for car insurance, which is $3,129 less than what the teens pay for their insurance policy.

Meanwhile, adult, and senior drivers in Biloxi have car insurance rates of $2,039 and $2,041 per year, respectively. The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below shows the average annual rates for drivers of different age groups:

Car insurance rate trends in Biloxi

Examining the trends in car insurance rates in Biloxi, Mississippi, there was an upward trend from 2022 to 2023. Between 2022 and 2023, rates increase overall by 28% or $454.

The table below illustrates the trend over the three years:

Conclusion

Car insurance rates in Biloxi are higher than the average rates in Mississippi. Drivers in Biloxi can secure affordable car insurance by shopping around and utilizing available discounts. Additionally, many insurance companies offer bundling discounts for customers who purchase multiple policies from the same provider.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.