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Whether you’re buying a new home or safeguarding the one you already own, it’s important to have comprehensive homeowners insurance. However, the amount you’ll pay depends on the insurance company and the coverage limits you choose.

Homeowners insurance in Mississippi costs an average of $3,369 a year, according to Insure.com’s study.

Read this guide to learn more about the average homeowners insurance rates in Mississippi by insurance company and ZIP code.

Key Takeaways

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

In Mississippi, the annual homeowners insurance cost is $3,369, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.

Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $4,207 in Mississippi, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Mississippi based on dwelling coverage limits 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

In Mississippi, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history, credit history and coverage limit all affect your premium.

If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims. Your credit score can also play a role in determining your home insurance costs.

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

It’s always a good idea to shop around and compare prices before purchasing homeowners insurance. Several factors come into play when choosing the best homeowners insurance company.

We evaluated homeowners insurance providers in Mississippi by comparing their NAIC scores and AM Best ratings and compiled a list of the top insurers in the state. Based on Insure.com’s analysis, Southern Farm Bureau received the lowest NAIC score and an AM Best rating of A-. A lower NAIC score signifies fewer complaints relative to the company’s size, indicating greater customer satisfaction.

Company Average annual premiumAM Best rating NAIC Complaint IndexOverall score
Southern Farm Bureau$2,350A-0.235
Farmers$4,793A0.544.04
State Farm$3,059A++0.953.95
Allstate$2,512A+0.93.93
Nationwide$3,003A+0.873.89
Travelers$8,816A++0.543.41

Average homeowners insurance cost by company in Mississippi

Southern Farm Bureau provides the most affordable homeowners insurance in Mississippi, with an average annual premium of $2,350. State Farm and Nationwide also offer cheap home insurance rates.

Shopping around for homeowners insurance can help you save hundreds of dollars annually.

Here are the average annual and monthly insurance rates for homeowners in Mississippi with a policy that provides $300,000 in dwelling coverage, $100,000 in liability protection, and 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

Mississippi homeowners insurance rates by ZIP code

In Mississippi, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.

Shop around and compare quotes from different insurance companies to find the best home insurance rates in Mississippi. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.

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 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 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 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

Home 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 data below shows how much homeowners insurance rates have changed since 2019.

2019 rates2022 rates2023 rates
$3,175$3,384$3,369

To choose the right homeowners insurance, it’s important to conduct thorough research and compare rates from various insurers, as each evaluates risk differently. Comparing quotes from at least three companies can help you secure the most affordable coverage in Mississippi.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed April 2025.

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.

How much is home insurance in other states

Alaska$1,695/Year
Alabama$3,131/Year
Arkansas$3,948/Year
Arizona$2,468/Year
California$1,386/Year
Colorado$4,086/Year
Connecticut$2,205/Year
Washington, D.C.$1,327/Year
Delaware$1,366/Year
Florida$4,405/Year
Georgia$2,286/Year
Hawaii$593/Year
Iowa$2,642/Year
Idaho$1,950/Year
Illinois$3,044/Year
Indiana$2,969/Year
Kansas$4,826/Year
Kentucky$3,314/Year
Louisiana$3,576/Year
Massachusetts$1,622/Year
Maryland$1,707/Year
Maine$1,375/Year
Michigan$2,396/Year
Minnesota$2,399/Year
Missouri$3,528/Year
Montana$3,265/Year
North Carolina$2,933/Year
North Dakota$3,134/Year
Nebraska$4,785/Year
New Hampshire$1,209/Year
New Jersey$1,506/Year
New Mexico$2,638/Year
Nevada$1,444/Year
New York$1,777/Year
Ohio$2,144/Year
Oklahoma$5,749/Year
Oregon$1,741/Year
Pennsylvania$1,886/Year
Rhode Island$1,932/Year
South Carolina$2,668/Year
South Dakota$3,374/Year
Tennessee$3,045/Year
Texas$3,844/Year
Utah$1,792/Year
Virginia$2,135/Year
Vermont$1,247/Year
Washington$1,596/Year
Wisconsin$1,648/Year
West Virginia$1,886/Year
Wyoming$1,885/Year
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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.

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