Average car insurance cost in Gulfport, MS

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The average car insurance cost in Gulfport, Mississippi is $2,096 per year, according to Insure.com data analysis. Also, the car insurance rates in Gulfport is $88 more than the average rates in Mississippi and $201 more than the national average.

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Gulfport, the average car insurance rates categorized by age and gender, and the cost of car insurance in Gulfport based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Gulfport. Read on to learn more.

Cheap car insurance companies in Gulfport

Nationwide offers the most affordable car insurance in Gulfport for coverage limits of 100/300/100 at $1,306 per year.

The State Farm comes close second offering car insurance at $1,754 per year.

As mentioned previously, car insurance quotes differ amongst companies due to the factors they consider when determining rates. Hence, it’s advisable to obtain quotes from multiple insurers to find affordable car insurance rates in Gulfport that align with your needs before finalizing your insurance carrier.

Here are the average annual and monthly costs for the various car insurance companies providing coverage in Gulfport, Mississippi:

Read about the best car insurance companies.

Average car insurance cost in Gulfport by coverage limits

In Gulfport, the average car insurance rates based on coverage types are as follows:

• State minimum coverage: $555 per year (limits are 25/50/25)
• Liability only coverage: $757 per year (limits are 50/100/50)
• Full coverage: $2,096 per year (limits are 100/300/100)
• Non-owners coverage: $397 per year

In most states, drivers must have the state minimum coverage to drive legally, but these vary by state. However, state minimum coverage does not cover any vehicles listed on your policy in an at-fault accident.

To avoid compromising on the coverage and pay out-of-pocket expenses, it is better to have full coverage or non-owner coverage if you don’t own a car but borrow or rent one frequently.

Average car insurance rates by gender in Gulfport

The average car insurance rate for a female driver in Gulfport, Mississippi, is $2,085 per year.

While the rate for a male driver is $2,108 per year, which is $23 more than what female drivers pay, according to a rate analysis by Insure.com.

Women are considered to be safer drivers than men, and statistics have proved this, according to the Insurance Information Institute. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Gulfport

In Gulfport, car insurance rates are the highest for teens, at $6,423 per year or $535 per month. The rates are higher for teenagers (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road, according to the Insurance Information Institute. There are driving laws for teens to help them drive better. Also, teen insurance rates can be lowered by adding teens to a parent’s auto insurance policy.

Car insurance rates are bound to decrease as teens grow older and earn a good driving record. Young adults pay $3,311 per year for their car insurance which is $3,112 less than what the teens pay for their insurance policy.

The car insurance rates in Gulfport for adult and senior drivers are $2,051 and $2,061 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 depicts the average annual rates for drivers of different age groups:

Car insurance rate trends in Gulfport

Examining the trends in car insurance rates in Gulfport, Mississippi, there was an upward trend from 2022 to 2023. Between 2022 and 2023, rates increase overall by 28% or $458.

The table below illustrates the trend over the three years:

Conclusion

In conclusion, Gulfport’s car insurance rates are higher than the average insurance rates in Mississippi. Drivers in Gulfport can find affordable car insurance options by shopping around and taking advantage of available discounts. Moreover, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

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.