Home Home insurance Average home insurance cost Homeowners insurance rates by state Average homeowners insurance cost in Mississippi Average homeowners insurance cost in Mississippi Homeowners insurance in Mississippi costs $3,369 per year or $281 monthly, according to Insure.com’s data analysis. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite 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. | Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service. | Updated on: November 21, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose. On average, Mississippi homeowners insurance costs $3,369 a year, based on Insure.com’s data. Learn more about the average homeowners insurance rates by company and ZIP code in Mississippi. Key Takeaways Homeowners insurance costs an average of $3,369 a year, based on Insure.com analysis. Of all the ZIP codes in Mississippi, 38637 has the most affordable home insurance rates at around $2,963 annually. In Mississippi, Southern Farm Bureau provides the most affordable home insurance at an average annual premium of $2,350. Average home insurance cost in Mississippi by coverage level Homeowners insurance costs $3,369 a year in Mississippi for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible. If you raise the dwelling coverage limit from $300,000 to $400,000, the cost of homeowners insurance in Mississippi will increase to $3,059 per year for $100,000 in liability protection and a $1,000 deductible. Below, you’ll find the average cost of homeowners insurance in Mississippi for dwelling coverage limits of $300,000, $400,000, and $500,000. Coverage Average annual rate Average monthly rate200000 with 1000 Deductible and 100000 Liability and 2% Deductible$2,635$220200000 with 1000 Deductible and 300000 Liability and 2% Deductible$2,646$221300000 with 1000 Deductible and 100000 Liability and 2% Deductible$3,369$281300000 with 1000 Deductible and 300000 Liability and 2% Deductible$3,380$282400000 with 1000 Deductible and 100000 Liability and 2% Deductible$4,207$351400000 with 1000 Deductible and 300000 Liability and 2% Deductible$4,220$352600000 with 1000 Deductible and 100000 Liability and 2% Deductible$6,162$513600000 with 1000 Deductible and 300000 Liability and 2% Deductible$6,181$5151000000 with 1000 Deductible and 100000 Liability and 2% Deductible$10,263$8551000000 with 1000 Deductible and 300000 Liability and 2% Deductible$10,289$857 Homeowners insurance companies in Mississippi determine rates based on risk factors. When calculating premiums, they consider your location, claims history and coverage limits. If your neighborhood has experienced many claims in the last few years, you can expect to pay higher home insurance rates than areas with few to no claims. According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023. Best homeowners insurance companies in Mississippi Before purchasing homeowners insurance, it’s important to compare rates and explore your options. Several factors play a role in choosing the best homeowners insurance company for your specific needs. We evaluated insurance companies in Mississippi based on their NAIC scores and AM Best ratings to create a list of the top homeowners insurance providers in the state. Our findings show that Southern Farm Bureau received the lowest NAIC score and A- rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction. Company Average annual premiumAM Best Rating NAIC Complaint IndexOverall scoreSouthern Farm Bureau$2,350A-0.235Farmers$4,793A0.544.04State Farm$3,059A++0.953.95Allstate$2,512A+0.93.93Nationwide$3,003A+0.873.89Travelers$8,816A++0.543.41 Average homeowners insurance cost by company in Mississippi Southern Farm Bureau has the cheapest homeowners insurance rates in Mississippi. Its average annual cost for Mississippi homeowners is $2,350. State Farm and Nationwide also offer affordable insurance. By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually. The table below shows the average annual and monthly insurance rates for homeowners in Mississippi with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible. Company Average annual rate Average monthly rateSouthern Farm Bureau$2,350$196State Farm$3,059$255Nationwide$3,068$256Allstate$3,282$273Farmers$5,149$429Travelers$14,256$1,188USAA$2,467$206 Mississippi homeowners insurance rates by ZIP code Insurance providers in Mississippi factor in the risk of a given location when determining rates. ZIP codes with higher crime rates or frequent natural disasters are typically classified as high-risk, leading to increased premiums. Additionally, the cost of rebuilding or repairing homes in that area can affect your homeowners insurance costs. To get the best deal on homeowners insurance rates in Mississippi, take the time to shop around and compare quotes from multiple insurers. Additionally, don’t forget to ask about potential discounts, like bundling policies or a smart home discount. Most affordable ZIP codes for home insurance rates in Mississippi Not every area in Mississippi has the same home insurance cost. How much you pay for homeowners insurance in Mississippi depends on many factors, including your ZIP code. Our data shows that 38637 ZIP has low-cost home insurance rates in Mississippi, at about $2,963 a year or $247 monthly. Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Mississippi. ZIP codeAverage annual rateAverage monthly rate38637$2,963$24738671$2,964$24738680$2,982$24838672$2,995$25038654$3,008$25139759$3,017$25138632$3,029$25239702$3,046$25439701$3,049$25438655$3,052$254 Most expensive ZIP codes for home insurance rates in Mississippi In Mississippi, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living. Homeowners in 39553 ZIP pay the highest insurance rates in Mississippi, with an average annual premium of $11,592. Below is a list of some of the most expensive ZIP codes in Mississippi for homeowners insurance. ZIP codeAverage annual rateAverage monthly rate39553$11,592$96639595$11,581$96539581$11,052$92139567$10,897$90839564$10,379$86539563$10,035$83639530$9,864$82239531$9,734$81139534$9,716$81039507$9,586$799 Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.Home insurance rates in Mississippi by cityBiloxiGulfportHattiesburgJacksonSouthavenHome insurance rate trend in Mississippi We analyzed home insurance rate trends in Mississippi and found that homeowners insurance rates experienced an overall decrease of $15, from 2022 to 2023. The following data highlights the changes in homeowners insurance rates since 2019. 2019 rates2022 rates2023 rates$3,175$3,384$3,369 Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting the most affordable coverage in Mississippi. Resources & methodology Source S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024. Methodology Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums. The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level: $300,000 dwelling coverage $100,000 liability protection $1000 deductible We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary. Explore other insurance options in Mississippi Average renters insurance cost in Mississippi Average car insurance cost in Mississippi Non-owner car insurance in Mississippi How much is home insurance in other statesAlaska$1,695/YearAlabama$3,131/YearArkansas$3,948/YearArizona$2,468/YearCalifornia$1,386/YearColorado$4,086/YearConnecticut$2,205/YearWashington, D.C.$1,327/YearDelaware$1,366/YearFlorida$4,405/YearGeorgia$2,286/YearHawaii$593/YearIowa$2,642/YearIdaho$1,950/YearIllinois$3,044/YearIndiana$2,969/YearKansas$4,826/YearKentucky$3,314/YearLouisiana$3,576/YearMassachusetts$1,622/YearMaryland$1,707/YearMaine$1,375/YearMichigan$2,396/YearMinnesota$2,399/YearMissouri$3,528/YearMontana$3,265/YearNorth Carolina$2,933/YearNorth Dakota$3,134/YearNebraska$4,785/YearNew Hampshire$1,209/YearNew Jersey$1,506/YearNew Mexico$2,638/YearNevada$1,444/YearNew York$1,777/YearOhio$2,144/YearOklahoma$5,749/YearOregon$1,741/YearPennsylvania$1,886/YearRhode Island$1,932/YearSouth Carolina$2,668/YearSouth Dakota$3,374/YearTennessee$3,045/YearTexas$3,844/YearUtah$1,792/YearVirginia$2,135/YearVermont$1,247/YearWashington$1,596/YearWisconsin$1,648/YearWest Virginia$1,886/YearWyoming$1,885/YearShow moreShivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. 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