Cheapest car insurance in Mississippi

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According to Insure.com’s analysis, Nationwide has the cheapest car insurance rates for most drivers in Mississippi at $1,331 annually. However, your rates may be higher or lower based on personal factors such as your driving record, ZIP code and vehicle type.

To comply with Mississippi’s car insurance laws, drivers must carry at least the minimum liability coverage required. It consists of $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $25,000 for property damage per accident.

However, many vehicle owners prefer to invest in full-coverage car insurance for better coverage and added protection.

Below, we’ve highlighted the most affordable insurance company in each category.

Cheapest overall: Nationwide

$1,331/year

National avg. rate

Cheapest for at-fault accident: Nationwide

$2,088/year

Avg. rate after an at-fault accident

Cheapest for speeding ticket: State Farm

$1,927/year

Avg. rate after speeding ticket

Cheap car insurance companies in Mississippi

At an average annual rate of $1,331, Nationwide offers the cheapest car insurance in Mississippi, 34% less than the state average. Your premium may vary based on personal factors such as your driving record, ZIP Code and car type.

It’s important to compare quotes from various carriers to ensure that you get the best deal.

Below, you’ll find average annual car insurance rates from the most affordable insurance companies in Mississippi.

*Note: USAA only offers coverage to military members, veterans and their families.

How we choose the cheapest car insurance companies in Mississippi

170+

Carriers reviewed

53M+

Quotes analysed

34K+

ZIP codes examined

Cheapest ZIP codes for car insurance in Mississippi

The cheapest ZIP code for car insurance in Mississippi is 38801, with an average annual cost of $1,753. Find below the most affordable ZIP codes for auto insurance rates in Mississippi.

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.

Cheapest car insurance in Mississippi by age

In Mississippi, young drivers often face higher insurance premiums than adults due to their higher likelihood of being involved in accidents and filing claims. According to an analysis by Insure.com, a 16-year-old driver pays $5,943 more for insurance than a 40-year-old driver.

Below are the cheapest auto insurance rates for Mississippi drivers of different ages.

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Cheapest car insurance in Mississippi by driver history

Insurers consider your driving history to be one of the most important factors in setting insurance rates. If you’re involved in an at-fault accident or convicted of a traffic violation, your premiums may increase. On the other hand, having a clean record makes you a low-risk driver and can lead to cheaper car insurance.

Cheapest car insurance after a speeding ticket in Mississippi

Here are the top three companies that offer cheap car insurance after a speeding ticket:

• State Farm: $1,927 per year
• Nationwide: $2,034 per year
• Travelers: $2,375 per year

According to Insure.com data, a single speeding ticket can increase your rates by 32% or $637 in Mississippi.

Getting a speeding ticket can be costly. You will have to pay a fine, and your insurance rates may go up. If you’re looking for the cheapest car insurance costs in Mississippi, below are some insurers that offer cheap car insurance after a speeding ticket.

*Note: USAA only offers coverage to military members, veterans and their families.

Cheapest car insurance after an accident in Mississippi

Below are the top three insurance companies that provide affordable car insurance rates after an accident.

• Nationwide: $2,088 per year
• State Farm: $2,124 per year
• Travelers: $2,293 per year

Nationwide has the cheapest auto insurance rates for Mississippi drivers after an at-fault accident at $2,088 a year.

If you’re responsible for an accident, expect your car insurance rates to increase. However, you can still shop around to find affordable car insurance rates.

Below, you’ll find a list of companies that offer affordable car insurance for drivers with an accident on their record.

*Note: USAA only offers coverage to military members, veterans and their families.

Cheapest car insurance after a DUI conviction in Mississippi

Below, you’ll find the top three companies that offer cheap car insurance after a DUI conviction:

• State Farm: $1,927 per year
• Travelers: $2,475 per year
• Progressive: $2,681 per year

If you’ve been convicted of a DUI, you may wonder how it will affect your car insurance rates. Most insurers will view you as a high-risk driver and will charge you higher rates.

The table below shows the insurance companies offering cheap car insurance rates to drivers after a DUI conviction.

*Note: USAA only offers coverage to military members, veterans and their families.

Average car insurance cost in Mississippi

Full coverage insurance costs more than minimum liability insurance, but the extra cost is worth it for most drivers. The average cost of full coverage car insurance in Mississippi is $113 more than the national average car insurance rates in the U.S.

There are different full coverage limits that a driver can purchase. However, Insure.com editors recommend that you should carry 100/300/100 coverage limits.

What is full coverage car insurance in Mississippi?

Full coverage car insurance includes bodily injury liability and property damage liability coverage, as well as comprehensive and collision coverage. Collision insurance covers your vehicle if it’s damaged or destroyed in an accident, while comprehensive insurance provides protection against damage that is caused by something other than collisions, such as hail or theft.

If you lease or finance your car in Mississippi, your lender may ask you to purchase collision and comprehensive insurance beyond the state-mandated liability coverage.

Final thoughts

When it comes to car insurance, everyone is looking for ways to save. However, skimping on coverage to save a few dollars now could end up costing you more down the road.

Make sure you’re adequately protected and take into account your specific needs before buying an auto insurance policy. Car insurance rates vary, so compare quotes from at least three different companies to get the cheapest coverage in Mississippi.

Methodology

Insure.com gathered data from Quadrant Information Services to get car insurance rates in Mississippi. The rates are based on a sample profile of a 40-year-old male and female driving a Honda Accord LX with a good insurance score and no violation on record for a full coverage insurance policy with limits 100/300/100 and $500 comprehensive and collision deductibles.

We analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes nationwide.

To determine car insurance rates for high-risk drivers with a history of traffic violations, we used a sample profile of a 40-year-old male and female driver who own a Honda Accord LX.

We also used sample profiles of drivers from different age groups: Teen drivers (Age 16-19), young drivers (Age 20-24), adult drivers (Age 25-60) and senior drivers (Age 65-75)

We determined the premiums for a high-risk driver with the following incidents applied

1. 1 At-fault property damage accident over $2K
2. 1 At-fault property damage accident under $2K
3. At-fault bodily injury accident
4. Poor credit
5. DUI/DWI first offense
6. Speeding 30+ over limit
7. Speeding ticket 1-10 MPH over limit
8. Speeding ticket 11-29 MPH over the limit

These are sample rates, and your exact rates may vary.

Shivani Gite

Contributing Writer

 

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Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.