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25 Years of insurance experience
57M Quotes reviewed
136 Insurance providers evaluated
34.5K ZIP codes analyzed

If you’re looking for car insurance rates in Mississippi, the average annual premium is $2,008, per year or $167 monthly. This contrasts with the national average of $1,895, highlighting a variation of $113. Various elements influence car insurance rates, including age, gender, driving record, credit score, and location.

This guide talks about the average cost of full coverage in the state, identifies companies providing affordable monthly premiums for car insurance, outlines average car insurance rates across cities in Mississippi, and breaks down car insurance rates by age group. To save on your auto insurance expenses, it’s advisable to shop around and compare quotes.

Keep reading to ensure that your insurance policy aligns with your needs without exceeding your budget.

Key Takeaways

  • The average car insurance cost in Mississippi is $2,008 per year, based on Insure.com’s analysis.
  • In Mississippi, the average premium for car insurance is $167 per month.
  • Nationwide has the cheapest car insurance rates in Mississippi, at an average annual rate of $1,331 a year.

Average car insurance cost in Mississippi per month

In Mississippi, car insurance costs around $167 per month on average.

It’s a common occurrence for the cost of the same coverage to vary among companies, which is true of every auto insurance company. Thus, when seeking car insurance rates in Mississippi, it’s wise to obtain quotes from multiple firms.

Cheapest car insurance companies in Mississippi

The table below lists the other available car insurance companies which offer car insurance in Mississippi, along with their average cost per month and average annual cost.

Affordable car insurance providers in Mississippi

Graph
Table
Company nameAverage per month costAverage annual cost
Nationwide$111$1,331
Travelers$136$1,636
State Farm$150$1,797
Southern Farm Bureau$161$1,933
Progressive$178$2,131
Geico$184$2,210
Shelter Insurance$206$2,469
Allstate$211$2,527
Safeway Insurance$246$2,946
USAA$110$1,320

Read our guide to cheap car insurance companies

Insure.com commissioned Quadrant Information Services to calculate average auto insurance rates for vehicles from 2006 to 2023.

Our hypothetical driver is a 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage.

Rates for vehicles up until 2023 includes uninsured motorist coverage (since some states require it, we do it for all) and PIP or Medical Payments, if it is required by state law. This hypothetical driver has a clean record and good credit.

For liability 100/300 is rates the same hypothetical driver but with liability limits of 100/300/50, uninsured/underinsured motorist in matching amounts and PIP or MedPay, if required by state. We recommend limits this high, even if you have only liability coverage. A state-minimum policy includes only the basic state liability limits and any other state-required coverages, such as uninsured motorist or PIP.

Averages were calculated using data from six large carriers, such as Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm. Rates were averaged across multiple ZIP codes and insurance companies. Average rates are for comparative purposes; your rate will depend on your personal factors.

Average cost of car insurance by coverage levels in Mississippi

The extent of coverage you select determines car insurance costs in Mississippi. Your liability limits and whether you opt for comprehensive, or collision coverage determine your premiums.

Liability-only insurance protects against third-party property damage and personal injuries in accidents. However, in the event of a collision, having liability coverage alone would not extend to your injuries or personal property damage since you are responsible for the accident. For instance, with a 50/100/50 liability-only coverage limit, the average annual cost in Mississippi amounts to $637.

Expanding your policy to include more coverage results in a higher insurance premium. This is because the insurance provider is liable to compensate you for accidents or other damage. Consequently, the average annual cost of full coverage car insurance in Mississippi stands at $2,008.

Non-owner state minimum liability coverage is the most appropriate choice for individuals who do not own a vehicle but regularly rent one. Like liability-only coverage, it protects property damage and bodily injury inflicted upon another driver. In Mississippi, the average annual cost for non-owner state minimum liability coverage stands at $321.

Meanwhile, for those who wish to save money on car insurance premiums, selecting only the state minimum liability coverage enables legal driving within the state. The annual cost for state minimum liability coverage alone amounts to $463 in Mississippi.

1State minimum:$463
2Liability only:$637
3Full coverage:$2,008
4Non-owners:$321

Auto insurance premiums vary significantly from city to city, so drivers need to be sure they’re getting the best deal. Insure.com has done the research for you. Get more information on auto insurance rates by city below.

Car insurance rates in Mississippi by city

Average car insurance cost in Mississippi by city

Several factors contribute to determining your car insurance premium, including your state, city, and even ZIP code. The frequency of accidents and the likelihood of vehicle theft or vandalism can impact the overall cost associated with a particular city or ZIP code.

The table below depicts the top popular cities in Mississippi:

CityAverage annual cost
Biloxi$2,084
Greenville$2,004
Gulfport$2,096
Hattiesburg$1,999
Jackson$2,107
Madison$2,026
Meridian$2,030
Olive Branch$1,945
Southaven$1,955
Tupelo$1,757

Average car insurance cost in Mississippi by age of the driver

Age plays a significant role in determining auto insurance premiums. Teenagers have a higher likelihood of being involved in car accidents compared to other age groups. The average annual rate for young drivers in Mississippi is $3,220, whereas for seniors, it’s $1,973. The rate for young drivers surpasses that of senior drivers by $1,247.

Based on statistical data, young drivers are at a higher risk of being involved in vehicle accidents compared to more seasoned drivers. Consequently, they are categorized as high-risk drivers, leading to higher insurance costs. Factors such as speeding and limited road experience contribute to this high-risk classification. However, premiums begin to increase again around age 70, as certain age-related factors can impact driving capabilities.

Average car insurance cost in Mississippi for young drivers

For female young drivers in Mississippi, the average annual car insurance cost is $3,040, and $253 per month. Conversely, male young drivers face an average annual rate of $3,402, and $284 per month.

The average annual rates for young male and female drivers are listed in the table below:

Age of driver Average annual cost for Male drivers Average annual cost for Female drivers
20 $4,339 $3,715
21 $3,594 $3,158
22 $3,270 $2,968
23 $2,956 $2,754
24 $2,815 $2,595

Average car insurance cost in Mississippi for senior drivers

For senior female drivers in Mississippi, the annual cost of car insurance is $1,927, or $161 per month. Similarly, male senior drivers face an annual insurance rate of $2,019, or $168 per month.

Age of driver Average annual cost for Male drivers Average annual cost for Female drivers
65 $1,866 $1,812
70 $1,987 $1,897
75 $2,206 $2,075

Read more about senior car insurance

Minimum car insurance requirements in Mississippi

Every state establishes guidelines regarding the minimum car insurance coverage drivers must possess to be able to drive vehicles legally. As per details provided by the Mississippi Department of Insurance, the required coverages and minimum coverage limits in Mississippi are as follows:

  • Bodily injury per person: $25,000
  • Bodily injury per accident: $50,000
  • Personal property coverage per person: $25,000

Cheapest cars to insure in Mississippi

The Chevrolet TrailBlazer is most affordable average annual insurance premium, standing at $1,489, with the Mazda CX-30 trailing closely behind at $1,495. The annual difference in insurance costs between these two models amounts to $6.

MakeModelAverage annual premium
ChevroletTrailBlazer$1,489
MazdaCX-30$1,495
HondaHR-V$1,499
VolkswagenTaos$1,530
KiaSeltos$1,535
ToyotaCorolla Cross$1,542
FordMaverick$1,553
VolkswagenTiguan$1,578
HondaCR-V$1,590
HyundaiVenue$1,592

Most expensive cars to insure in Mississippi

The most expensive car to insure on the list is the Maserati Quattroporte, which has an average annual premium of $6,063. However, the difference between the cheapest and most expensive cars to insure is $4,574 annually.

MakeModelAverage annual premium
MaseratiQuattroporte$6,063
MaseratiQuattroporte Trofeo$6,041
PorscheTaycan Turbo$5,906
PorschePanamera Turbo S E-Hybrid$5,814
PorscheTaycan GTS$5,744
BMWM8$5,673
MaseratiGhibli Trofeo$5,664
AudiR8 Performance$5,372
AudiE-Tron GT$5,368
PorschePanamera 4S E-Hybrid$5,344

Methodology

The 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 56,838,240 insurance quotes from 136 insurance companies across 34,523 ZIP codes.

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

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

57M

Quotes reviewed

136

No. of carriers analyzed

34.5K

ZIP codes analyzed

How much is car insurance in other states

Alaska$1,676/Year
Alabama$1,860/Year
Arkansas$1,957/Year
Arizona$1,812/Year
California$2,416/Year
Colorado$2,337/Year
Connecticut$1,725/Year
Delaware$2,063/Year
Florida$2,694/Year
Georgia$1,970/Year
Hawaii$1,517/Year
Iowa$1,630/Year
Idaho$1,428/Year
Illinois$1,532/Year
Indiana$1,515/Year
Kansas$1,900/Year
Kentucky$2,228/Year
Louisiana$2,883/Year
Massachusetts$1,726/Year
Maryland$1,746/Year
Maine$1,175/Year
Michigan$2,352/Year
Minnesota$1,911/Year
Missouri$1,982/Year
Montana$2,193/Year
North Carolina$1,741/Year
North Dakota$1,665/Year
Nebraska$1,902/Year
New Hampshire$1,265/Year
New Jersey$1,902/Year
New Mexico$2,049/Year
Nevada$2,060/Year
New York$1,870/Year
Ohio$1,417/Year
Oklahoma$2,138/Year
Oregon$1,678/Year
Pennsylvania$1,872/Year
Rhode Island$2,061/Year
South Carolina$2,009/Year
South Dakota$2,280/Year
Tennessee$1,677/Year
Texas$2,043/Year
Utah$1,825/Year
Virginia$1,469/Year
Vermont$1,319/Year
Washington$1,608/Year
Wisconsin$1,664/Year
West Virginia$2,005/Year
Wyoming$1,758/Year
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Prachi Singh
Contributing Researcher

 
  

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.

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