Average homeowners insurance cost in Mississippi

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Home insurance in Mississippi costs an average of $3,369 per year for standard coverage.

Your actual cost depends on your dwelling coverage limit and the protection level you choose. Higher coverage means higher premiums. Southern Farm Bureau offers competitive rates in the state, making it a strong option to consider as you compare coverage levels.

Shop around and ask about discounts. Rates vary widely between insurers, and depend on factors like your home’s location, age, construction, roof condition, and claims history-so getting quotes specific to your address and comparing several companies helps you find the best deal.

Key Takeaways

Homeowners insurance costs an average of $3,369 a year, based on our data.
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.

What is the average cost of homeowners insurance in Mississippi?

The average homeowners insurance premium in Mississippi is $3,369 annually for a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

How much is home insurance in Mississippi? Cost by coverage level

On average, homeowners in Mississippi pay $3,369 a year for insurance – a figure based on $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

Raising your dwelling coverage from $300,000 to $400,000, with the same liability and deductible, brings the average annual cost to $4,207 in Mississippi.

The table below shows average annual and monthly premiums in Mississippi at dwelling coverage levels of $300,000, $400,000, and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$2,635	$220
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$2,646	$221
$300,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$3,369	$281
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$3,380	$282
$400,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$4,207	$351
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$4,220	$352
$600,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$6,162	$513
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$6,181	$515
$1,000,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$10,263	$855
$1,000,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$10,289	$857

Average home insurance cost in Mississippi by insurer

Southern Farm Bureau offers the most affordable homeowners insurance in Mississippi, at an average annual premium of $2,350, followed by State Farm and Nationwide.

You can save hundreds – if not thousands – of dollars each year by shopping around.

Below are the average annual and monthly insurance rates for Mississippi homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Southern Farm Bureau	$2,350	$196
State Farm	$3,059	$255
Nationwide	$3,068	$256
Allstate	$3,282	$273
Farmers	$5,149	$429
Travelers	$14,256	$1,188
USAA*	$2,467	$206

*USAA is only available to military community members and their families.

How to lower your home insurance rate

Shop around. Don’t settle for the first quote. Compare rates from at least three to four insurers to find the best deal in Mississippi.
Bundle your policies. Adding home and auto (or renters and auto) to the same provider often unlocks significant multi-policy discounts.
Ask about smart home discounts. Installing security systems, smoke detectors, or water leak sensors can reduce your premium.
Check for other savings. Ask about loyalty discounts, claims-free rewards, or upgrades like fire-resistant roofing.

How does your ZIP code affect home insurance rates in Mississippi?

Where you live plays a major role in what you pay for home insurance. Your ZIP code signals the level of risk in your area, so places prone to crime, natural disasters, or costly rebuilds tend to come with higher premiums.

Here’s a look at the most and least affordable ZIP codes for home insurance across Mississippi.

Most affordable ZIP codes for home insurance rates in Mississippi

The most affordable rates are in 38637, where homeowners pay $2,963 per year on average.

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.

Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Mississippi.

ZIP code	Average annual rate	Average monthly rate
38637	$2,963	$247
38671	$2,964	$247
38680	$2,982	$248
38672	$2,995	$250
38654	$3,008	$251
39759	$3,017	$251
38632	$3,029	$252
39702	$3,046	$254
39701	$3,049	$254
38655	$3,052	$254

Most expensive ZIP codes for home insurance in Mississippi

At the other end of the spectrum, 39553 has the highest average rates in Mississippi at $11,592 per year.

Higher premiums in certain ZIP codes typically reflect greater exposure to crime, natural disasters, and elevated living and rebuilding costs.

Below are some of the most expensive ZIP codes for home insurance in Mississippi.

ZIP code	Average annual rate	Average monthly rate
39553	$11,592	$966
39595	$11,581	$965
39581	$11,052	$921
39567	$10,897	$908
39564	$10,379	$865
39563	$10,035	$836
39530	$9,864	$822
39531	$9,734	$811
39534	$9,716	$810
39507	$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 city

See rates in your city

What are the best homeowners insurance companies in Mississippi?

Based on our data, Southern Farm Bureau stands out as the top choice in Mississippi. It earns an AM Best rating of A- and holds one of the lowest NAIC complaint scores statewide-a strong sign of both reliability and customer satisfaction.

To pinpoint the most trustworthy insurers, we measured each company against two benchmarks:

AM Best Ratings gauge a company’s financial strength and its ability to pay claims when you need it most.
NAIC Complaint Scores compare how often a company is the subject of complaints relative to its size, with lower scores pointing to fewer problems.

Looked at together, these benchmarks give a dependable picture of an insurer’s financial footing and the experience you can expect as a customer. The table below ranks the leading companies in Mississippi by annual premium, financial rating, and complaint history.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Southern Farm Bureau	$2,350	A-	0.23	5
Farmers	$4,793	A	0.54	4.04
State Farm	$3,059	A++	0.95	3.95
Allstate	$2,512	A+	0.9	3.93
Nationwide	$3,003	A+	0.87	3.89
Travelers	$8,816	A++	0.54	3.41

How to understand insurer ratings and complaint data

When choosing an insurer, you want to know if the company can pay your claim, and if customers are satisfied with it. Rating agencies track this data so you can make an informed decision at renewal.

Here are the two ratings that we have referred to:

AM Best: A global agency that rates insurers based on their financial strength and ability to pay claims. A higher score means the company is more financially stable.
NAIC Complaint Index: The National Association of Insurance Commissioners tracks consumer complaints. A score below 1.00 means fewer complaints than expected for a company of that size, while a score above 1.00 means more complaints than expected.

What factors affect your home insurance rate?

Home insurance rates come down to how much risk you represent to the insurer. The main factors they weigh:

Where you live. Local crime, weather risk, and how often neighbors file claims.
Your claims history. Past claims usually raise your rate.
Your credit-based insurance score. Weaker credit can mean a higher premium (restricted in some states, like California and Massachusetts).
Your coverage limits and deductible. More coverage or a lower deductible costs more.

Rates have also been climbing across the board. Home insurance premiums for owner-occupied homes rose more than 11% nationwide in 2023, according to S&P Global Market Intelligence’s RateWatch application.

Resources and methodology

Source

S&P Global. US homeowners insurance rates jump by double digits in 2023. Accessed June 2026.

Methodology

Insure.com worked with Quadrant Information Services to compile homeowners insurance data, analyzing 20,739,560 quotes from 82 national and regional insurers across 34,588 ZIP codes.

Rates are based on a sample homeowner profile with good credit and the following coverage:

$300,000 dwelling coverage
$100,000 liability protection
$1,000 deductible

Company rankings factor in average annual cost, NAIC score, and AM Best rating. All quoted rates are for comparison purposes and individual premiums may vary.

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.