Average homeowners insurance cost in Biloxi, MS

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In Biloxi, homeowners pay an average annual rate of $5,879 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible). It’s $3,375 more than the national average of $2,504 .

Homeowners insurance rates change from one home to another. The home insurance premium in Biloxi depends on various factors, such as:

The size of your home
The age of your home
The amount of coverage you need
Where you live
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read our guide to discover the monthly homeowners insurance cost in Biloxi, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Biloxi.

Key Takeaways

The cost of your homeowners insurance policy in Biloxi can vary based on factors such as your location, the value of your home, and the coverage options you select.
Allstate is the cheapest homeowners insurance company in Biloxi with an average annual premium of $1,043 .
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $1,236 more annually for home insurance.

Average homeowners insurance cost in Biloxi per month

Residents of Biloxi pay an average of $490 a month for homeowners insurance. It’s $209 more than the state average of $281 and $281 more than the national average for home insurance across the nation.

The cost of your homeowners insurance policy in Biloxi may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

Homeowners insurance with $200,000 in dwelling coverage and $100,000 in liability protection costs about $4,643 per year in Biloxi. Your rate can vary based on a number of factors, especially the risk of natural disasters in your area. Places more prone to floods, hurricanes, or tornadoes often face higher rebuilding costs, which leads to higher insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damage. So, if you live in an area prone to flooding, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house

As per rate analysis by Insure.com, homeowners residing in Biloxi typically pay an average of $5,879 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $1,236 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Biloxi by company

Among the carriers we analyzed, Allstate is the most affordable homeowners insurance company in Biloxi, offering an average annual rate of $1,043 , while Southern Farm Bureau ranks second.

Researching a company thoroughly before selecting a homeowners insurance policy is essential – and we can help with that. We took a close look at all the insurance companies serving Biloxi and put together a list of the most affordable ones.

Here’s a look at the top home insurance companies in Biloxi and what you can expect to pay with each one on average.

Home Insurance Company	Annual rate
Allstate	$1,043
Nationwide	$6,396
Travelers	$6,493
State Farm	$7,471
Farmers	$7,555
Southern Farm Bureau	$1,773
USAA*	$5,959

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

Many insurance companies offer discounts to customers who bundle their policies. By combining your home insurance policy with other policies, such as auto insurance, you can lower your premiums and simplify your insurance management with one provider.

Natural disasters in Mississippi that can impact your home insurance

Living in Mississippi comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

Mississippi is commonly affected by Heat wave.

How home insurance protects you against natural disasters

Home insurance is an essential safeguard for your financial well-being, offering protection if you’re affected by a natural disaster. Natural disasters can lead to costly damage, but the right policy can help cover the cost of repairs, sparing you from major out-of-pocket costs. In many cases, home insurance also pays for temporary living expenses if you can’t live in your home.

However, not all natural disasters are covered under a standard home insurance policy. For example, flood and earthquake damage are excluded and require separate coverage. That’s why it’s so important to understand the specific natural disaster risks in your area. By doing so, you can choose a policy that truly protects your home – and your finances – from the threats that are most likely to affect you.

Make sure your coverage is disaster-ready

The best time to review your homeowners insurance is before a storm hits. If you’ve made upgrades to your home or live in a disaster-prone area, you may need more coverage than you think. A quick policy check now can prevent big financial losses later.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Biloxi for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

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.