Average homeowners insurance cost in Gulfport, MS

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The average cost of homeowners insurance in Gulfport is $5,792 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $3,288 more than the national average of $2,504 .

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Gulfport depend on a number of factors, including:

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

Southern Farm Bureau is the cheapest homeowners insurance company in Gulfport with an average annual premium of $1,773 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Gulfport. Keep reading to learn about the monthly cost of homeowners insurance in Gulfport, the cost for different dwelling coverage levels, and which companies provide the most affordable home insurance in Gulfport.

Key Takeaways

The average cost of homeowners insurance in Gulfport is $5,792 per year.
Southern Farm Bureau is the cheapest homeowners insurance company in Gulfport with an average annual premium of $1,773 .
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $1,219 more a year for home insurance.

Average homeowners insurance cost in Gulfport per month

Gulfport homeowners pay an average of $483 a month. It’s $202 more than the state average of $281 and $274 more than the national average for home insurance across the nation. The price of your homeowners insurance policy in Gulfport may vary depending on where you live, the value of your home, and the coverage you choose.

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

The average cost of homeowners insurance in Gulfport, MS is $4,573 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The cost of your home insurance each year depends on several factors – including the risk of natural disasters in your area. If your city is prone to events like hurricanes, wildfires, or floods, you’ll likely pay more for coverage.

Some places are more prone to natural disasters, like floods, hurricanes, or tornadoes. That makes rebuilding after a major event more expensive, which is why home insurance tends to cost more in those areas. And keep in mind, your standard policy probably doesn’t cover flood or hurricane damage. If you live in a high-risk zone, it’s definitely worth looking into separate flood insurance for extra protection.

Average homeowners insurance cost for a $300,000 house

Homeowners in Gulfport typically pay an average of $5,792 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $1,219 . You should purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Gulfport by company

Among the carriers we analyzed, Southern Farm Bureau is the cheapest homeowners insurance company in Gulfport. Its average annual rate for Gulfport homeowners is $1,773 , while Nationwide ranks second.

Before picking a homeowners insurance policy, it’s a good idea to do a little homework on the company. To make it easier, our experts reviewed all the top insurers in Gulfport and put together a list of the most affordable options. Below, you’ll find the average annual premiums for each provider in the area.

Home Insurance Company	Annual rate
Southern Farm Bureau	$1,773
Nationwide	$6,559
State Farm	$7,028
Farmers	$7,555
Allstate	$8,022
Travelers	$6,677
USAA*	$5,669

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

Bundling your home insurance with other policies, such as auto insurance, can result in substantial savings. Many insurers offer discounts to policyholders who combine multiple policies. It will help you lower your premiums and simplify policy management.

Natural disasters in Mississippi that can impact your home insurance

Living in Mississippi comes with the possibility of natural disasters that can cause serious damage to your home and belongings. From costly repairs to large insurance claims, the financial impact can be significant. That’s why it’s important to know which types of disasters are most common in your area before selecting a home insurance policy.

Understanding your local risks allows you to customize your coverage – whether that means adjusting your policy limits, choosing a higher deductible, or adding protection for hazards like floods or earthquakes. Planning ahead helps ensure you’re fully covered when it matters most.

Mississippi is commonly affected by Heat wave.

How home insurance protects you against natural disasters

Home insurance protects your property and belongings from the financial impact of natural disasters. Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if you can’t live in your home. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters.

While standard policies generally cover damage from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires.

These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection.

Keep in mind: Standard policies may not cover everything

While homeowners insurance typically protects against common hazards, some natural disasters – like floods and earthquakes – require separate policies. Don’t assume you’re fully covered. Check your policy details and consider endorsements or supplemental coverage if you live in a high-risk area.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Gulfport 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.

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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.