Average homeowners insurance cost in Mississippi

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Home insurance in Mississippi costs an average of $2,514 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. Allstate 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

Based on our data, homeowners insurance in Mississippi costs an average of $2,514 per year.
Among all ZIP codes in Mississippi, 38834 has the most affordable rates, averaging around $2,046 annually.
For the lowest insurer rates in Mississippi, Allstate comes in at an average annual premium of $2,861.

What is the average cost of homeowners insurance in Mississippi?

The average homeowners insurance premium in Mississippi is $2,514 per year. That figure is based on 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

Homeowners insurance in Mississippi costs $2,514 per year on average, based on a policy with $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $2,993 per year for homeowners insurance in Mississippi for $100,000 in liability protection and a $1,000 deductible.

The table below shows average homeowners insurance costs in Mississippi for dwelling coverage from $200,000 to $1 million.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$1,963	$164
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$1,975	$165
$300,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$2,514	$210
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$2,529	$211
$400,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$2,993	$249
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$3,005	$250
$600,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$4,087	$341
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$4,101	$342
$1,000,000 with $2,500 Deductible and $200,000 Liability and 2% Hurricane	$6,059	$505
$1,000,000 with $2,500 Deductible and $300,000 Liability and 2% Hurricane	$6,078	$506

Average home insurance cost in Mississippi by insurer

Allstate has the lowest average homeowners insurance premiums in Mississippi at $2,861 per year. Travelers and Nationwide also offer competitive rates worth comparing.

Taking the time to shop around can save you a significant amount each year.

The table below shows average annual and monthly rates from insurers in Mississippi, based on $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Allstate	$2,861	$238
Travelers	$3,031	$253
Nationwide	$3,090	$257
Farmers	$3,119	$260
State Farm	$3,868	$322
USAA*	$1,802	$150

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

How to lower your home insurance rate

Shop around. The first quote you receive is rarely the best one. Getting estimates from at least three or four insurers gives you a clearer picture of what’s available in Mississippi.
Bundle your policies. Combining home and auto insurance, or renters and auto, with the same provider is one of the most common ways to unlock multi-policy discounts.
Ask about smart home discounts. Security systems, smoke detectors, and leak sensors are the kinds of upgrades that can bring your premium down.
Check for other savings. Loyalty discounts, claims-free rewards, and home improvements like fire-resistant roofing are worth asking about at renewal.

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

Your ZIP code shapes your home insurance rate by showing insurers the risk tied to your location. Higher crime, greater exposure to natural disasters, and steeper rebuilding costs all push an area into higher-risk territory-and premiums rise accordingly.

Below, see the most and least expensive ZIP codes for home insurance in Mississippi.

Most affordable ZIP codes for home insurance in Mississippi

The lowest rates in Mississippi are found in 38834, where homeowners pay an average of $2,046 per year.

Where you live in Mississippi has a real impact on what you’ll pay for home insurance – and your ZIP code is one of the largest drivers of that difference.

Below are average homeowners insurance rates for some of the most affordable ZIP codes in Mississippi.

ZIP code	Average annual rate	Average monthly rate
38834	$2,046	$171
38663	$2,048	$171
38733	$2,050	$171
38632	$2,072	$173
38866	$2,079	$173
38610	$2,087	$174
38614	$2,093	$174
38826	$2,097	$175
38865	$2,103	$175
38843	$2,104	$175

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 $7,311 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	$7,311	$609
39572	$6,245	$520
39595	$5,819	$485
39530	$5,585	$465
39507	$5,542	$462
39531	$5,515	$460
39534	$5,451	$454
39501	$5,340	$445
39581	$5,216	$435
39563	$5,092	$424

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’s the trend in home insurance rates for Mississippi?

From the span of 2023 to 2025, Mississippi saw home insurance rates decrease by 25%, in line with how the state’s insurance market has been trending overall.

The table below breaks down the year-over-year rate changes going back to 2022:

2022 rates	2023 rates	2025 rates
$3,483	$3,349	$2,514

What are the best homeowners insurance companies in Mississippi?

Our data points to Travelers as the best overall pick in Mississippi, thanks to its AM Best rating of A++ and one of the lowest NAIC complaint scores in the state.

We ranked insurers using two measures that matter most when you’re counting on coverage:

AM Best Ratings reflect financial strength-essentially, how confidently a company can cover claims.
NAIC Complaint Scores track complaints in proportion to a company’s size, so a lower number means fewer headaches for policyholders.

Combined, they offer a clear read on whether an insurer is both financially sound and easy to deal with. In the table below, you’ll find the top companies in Mississippi compared by annual premium, financial rating, and complaint history.

Company	Average annual premium	Am Best Rating	NAIC Complaint Index	Overall score
Travelers	$3,031	A++	0.91	4.67
Allstate	$2,861	A+	1.26	4.57
Farmers	$3,119	A	0.89	4.46
State Farm	$3,868	A+	1.15	4.45
Nationwide	$3,090	A	1.34	4.44
USAA*	$1,802	A++	0.46	4.84

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

How to understand insurer ratings and complaint data

A good insurer answers two questions well: Can it pay your claim, and does it keep its customers happy? Independent rating agencies measure both, giving you an evidence-based way to compare your options.

The two ratings referenced here:

AM Best, which assesses an insurer’s financial strength and capacity to pay claims. Higher ratings indicate greater financial stability.
NAIC Complaint Index, compiled by the National Association of Insurance Commissioners from consumer complaint data. The baseline is 1.00 – a lower score means fewer complaints than expected for the insurer’s size, and a higher score means more.

What factors affect your home insurance rate?

Home insurance is priced according to the risk an insurer associates with your property and personal profile. The factors that carry the most weight include:

Where you live. Crime levels, weather-related risks, and local claims activity all factor into your rate.
Your claims history. Having filed claims in the past generally leads to a higher premium going forward.
Your credit-based insurance score. Most states allow insurers to use credit as a pricing factor. A lower score can result in a higher rate, though states such as California and Massachusetts have restrictions on this practice.
Your coverage limits and deductible. Choosing higher coverage or a lower deductible will increase your annual cost.

Home insurance costs have also been rising nationally. S&P Global Market Intelligence’s RateWatch application found that premiums for owner-occupied homes increased by more than 11% in 2023.

Resources and Methodology

Sources:

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

Methodology

Insure.com worked with Quadrant Information Services to compile homeowners insurance data, analyzing 37,973,840 quotes from 75 company groups (134 companies) across 34,595 ZIP codes in all 51 states.

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

The national average annual premium (non-hurricane deductible) is $2,543.

Company rankings factor in:

AM Best rating: 30%
NAIC score: 35%
Annual premium: 35%

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.