Average homeowners insurance cost in Biloxi, Mississippi

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Homeowners in Biloxi pay an average of $5,014 per year for a standard policy with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible. That’s $2,439 more than the national average of $2,575. In Biloxi, State Farm offers the lowest average rate at $2,673 per year.

That said, the average only tells part of the story. Your individual premium could land well above or below that figure based on:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

Ways to lower your home insurance in Biloxi

Compare 3+ quotes before every renewal – different companies offer the same coverage at different prices
Raise your deductible from $1,000 to $2,500 to save 10% to 15%
Bundle home and auto for a 10% to 25% multi-policy discount
Ask about discounts for security systems, smart-home devices, and claims-free history
Improve your credit in states where insurers use it

Average homeowners insurance cost per month in Biloxi

The average monthly premium for homeowners in Biloxi is $418 – $208 less than the state average of $210 and $203 more than the national average.

Getting quotes from several insurers is one of the most reliable ways to bring that number down.

A quick look at homeowners insurance costs in Biloxi

Homeowners insurance in Biloxi averages $5,014 annually, but the spread between providers and coverage levels means your actual premium could look quite different. Finding the right balance of coverage and cost starts with understanding your options.

Homeowners insurance costs $5,014 per year in Biloxi
At $2,673 per year, State Farm offers the cheapest homeowners insurance in Biloxi
Your home insurance rates increase by $1,124 more annually if you increase your dwelling coverage from $200,000 to $300,000

Average homeowners insurance cost for a $200,000 house in Biloxi

Homeowners insurance for a $200,000 dwelling in Biloxi costs an average of $3,890 per year. Rates can vary depending on local risks, such as natural disasters, which may increase rebuilding costs and insurance premiums.

Standard homeowners insurance policies usually exclude flood and hurricane damage because those events can cause widespread, costly losses across entire regions at the same time. Homeowners in high-risk areas may need separate flood or windstorm coverage to fully protect their property.

It’s also important to make sure your coverage limit is high enough to rebuild your home at current construction costs, not just its market value. That’s why it helps to shop around for quotes, review your coverage regularly, and use any discounts available to keep costs under control.

Does it feel like you’re paying a lot for insurance in Biloxi?

Your premium isn’t fixed. Small changes to your policy or home can help lower what you pay each month.

You may be able to save money by:

Increasing your deductible
Bundling your home and auto insurance
Improving your credit score
Installing smoke detectors or a home security system
Comparing quotes from multiple insurers regularly

Simple updates to your policy or home could help reduce your monthly bill.

Average homeowners insurance cost for a $300,000 house in Biloxi

At the $300,000 dwelling coverage level, homeowners in Biloxi pay an average of $5,014 per year. Moving from $200,000 to $300,000 in coverage typically adds around $1,124 to your annual premium.

The reason is straightforward: a higher limit means the insurer assumes more financial risk if your home is severely damaged or destroyed. That said, the added premium is often a worthwhile trade-off. Being underinsured after a major loss could leave you paying hundreds of thousands of dollars out of pocket.

People also ask:

How much dwelling coverage do you need for your home?

Your dwelling coverage should be enough to fully rebuild your home at today’s construction prices – which is often different from what the home would sell for on the market. According to the Insurance Information Institute (III), a nonprofit organization that provides data and insights on the insurance industry, most policies cover personal belongings at roughly 50% to 70% of the dwelling coverage amount. To find the right number, factor in your home’s size, the materials it’s built with, and local labor costs in Biloxi.

Is $300,000 enough homeowners insurance coverage?

It depends on what it would cost to rebuild your specific home in Biloxi. In areas with higher construction costs, $300,000 may not stretch far enough. Compare your coverage to rebuilding costs, not your home’s market value.

Average homeowners insurance cost in Biloxi by company

When it comes to affordability, State Farm leads the pack in Biloxi with an average annual rate of $2,673. Travelers and Farmers round out the list of the most budget-friendly options available locally.

Premiums and policy terms vary considerably across insurers, so gathering multiple quotes gives you the clearest picture of what’s available in your market.

Home insurance company	Annual rate
State Farm	$2,673
Travelers	$4,319
Farmers	$4,669
Nationwide	$5,304
Allstate	$6,781
USAA*	$5,107

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

What factors affect homeowners insurance rates in Biloxi?

Insurance companies price your policy based on how likely you are to file a claim and how expensive that claim would be. That calculation pulls from your home’s physical characteristics, your location, your coverage choices, and even your financial history.

Here’s how the biggest factors actually move your rate:

Size of your home. Bigger homes cost more to rebuild, and rebuild cost is what your dwelling coverage has to pay for. A 3,500-square-foot home will almost always cost more to insure than a 1,500-square-foot one on the same street. Insurers calculate this using square footage, construction materials, and local labor rates – not your home’s market value.
Age of your home. Older homes typically cost more to insure because of higher-risk systems like knob-and-tube wiring, galvanized plumbing, and aging roofs. A home built in 1925 with original electrical can cost 20% to 40% more to insure than a comparable new build. Recent updates to the roof, electrical, or plumbing can offset this – but you have to tell your insurer about them.
Amount of coverage you need. Higher dwelling and liability limits mean higher premiums, but your deductible is where you have the most control. Raising it from $1,000 to $2,500 typically saves 10% to 15%; going from $1,000 to $5,000 can save more than 20%. Just don’t pick a deductible you couldn’t actually afford tomorrow.
Location. Two identical homes a few miles apart can have very different rates. Insurers look at your ZIP code’s history of weather damage (hail, wind, flooding), wildfire risk, crime rates, and even how far you are from the nearest fire hydrant or fire station. Homes more than 5 miles from a fire station often pay noticeably more.
Your credit score. In most states, insurers use a credit-based insurance score to predict claim likelihood. Homeowners with poor credit can pay 50% or more than those with excellent credit for the same coverage. Three states – California, Maryland, and Massachusetts – ban this practice for homeowners insurance.
Claims history. Your past claims matter, even if they were on a different home. Filing two or more claims in the past 5-7 years can raise your rate or make it harder to find coverage. Some insurers also pull the CLUE report (Comprehensive Loss Underwriting Exchange) on your address – meaning the previous owner’s claims can affect your rate too.

Frequently asked questions

Is homeowners insurance required in Biloxi?

There’s no state or local law requiring homeowners insurance in Biloxi, but mortgage lenders will usually require it as a condition of your loan. And even if you own your home free and clear, going uninsured carries real financial risk – a single fire or major storm could mean six figures in out-of-pocket repair costs.

How much coverage do I need for my home?

Your dwelling coverage should be enough to fully reconstruct your home from scratch if it were completely destroyed. That number is driven by local construction costs, your home’s square footage, and the materials used to build it – not what it’s worth on the open market. A replacement cost estimate from your insurer or an appraiser is a good starting point, and it’s worth revisiting every few years as costs change.

What does homeowners insurance not cover?

Flood and earthquake damage are excluded from standard policies, even though both can cause devastating losses. Homeowners in high-risk areas will need separate policies to be fully covered. Other exclusions include routine wear and tear, pest damage, and sewer backups. These can be added as endorsements instead. Reading your policy thoroughly before you ever need to file a claim is always a good idea.

Methodology

In 2025, Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Biloxi for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

Sources

Insurance Information Institute. How much homeowners insurance do you need? Accessed May 2025.

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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.