Tracking down the cheapest homeowners insurance for you takes some digging and comparing quotes from multiple home insurance companies.
Home insurance companies gauge risk differently from one another. One insurer may put more emphasis on one metric and not as much on another.
That’s why getting quotes from at least three homeowners insurance companies is an essential part of shopping for the cheapest homeowners insurance in Mississippi. We found that Mississippi Farm Bureau has the lowest average home insurance rates in Mississippi at $2,560 per year on average.
Let’s take a look at homeowners insurance in Mississippi and how to find the best home insurance rates.
Key Takeaways
- The cheapest homeowners insurance for $300,000 dwelling coverage, $300,000 liability protection and $1,000 deductible in Mississippi is offered by Mississippi Farm Bureau at $2,560 per year.
- The homeowners insurance in Mississippi is $1,035 more than the national average.
- The zipcode 38641 offers the cheapest homeowners insurance in Mississippi at $2,613 per year.
Cheap homeowners insurance companies in Mississippi
Mississippi Farm Bureau, Safeco and USAA have the three cheapest Mississippi homeowners insurance rates, on average.
Here are average annual premium for homeowners insurance in Mississippi for a policy with $300,000 dwelling coverage and $300,000 liability protection with a $1,000 deductible.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| Mississippi Farm Bureau | $2,560 | $213 |
| Safeco | $2,717 | $226 |
| USAA | $2,874 | $239 |
| Nationwide | $3,347 | $279 |
| Allstate | $3,381 | $282 |
| State Farm | $5,091 | $424 |
| Farmers | $5,630 | $469 |
| Foremost | $5,833 | $486 |
| Travelers | $6,504 | $542 |
Compare cheap homeowners insurance in Mississippi by ratings
Experts at Insure.com compared the cheapest homeowners insurance companies in Mississippi based on J.D. Power score and AM best rating. Among the carriers surveyed, USAA received the highest J.D. power score — 882 out of 1000.
Find below the list of cheap homeowners insurance companies and J.D. Power score and AM Best rating.
| Company | J.D. Power score | AM Best rating |
|---|---|---|
| USAA | 882 | A++ |
| State Farm | 835 | A++ |
| Allstate | 829 | A+ |
| Farmers | 813 | A |
| Nationwide | 812 | A+ |
| Safeco | 810 | A |
| Travelers | 800 | A++ |
How much is home insurance in Mississippi
The average homeowners insurance in Mississippi is $3,340 for $300,000 dwelling and $300,000 liability coverage with a $1,000 deductible.
Beyond location, insurance providers also consider claims history for you, your home and the area; building costs; coverage level; and credit history.
Filing multiple claims is one way to see much higher home insurance premiums.
| Average annual premium | Average monthly premium |
|---|---|
| $3,340 | $278 |
Cheapest homeowners insurance in Mississippi by ZIP code
Homeowners insurance costs vary in Mississippi. Location, including ZIP code, is just one aspect of home insurance costs.
Here are the average home insurance cost by city/ZIP codes in Mississippi:
| ZIP code | Average annual premium | Average monthly premium |
|---|---|---|
| 38641 | $2,613 | $218 |
| 38651 | $2,634 | $220 |
| 38654 | $2,636 | $220 |
| 38680 | $2,641 | $220 |
| 38632 | $2,643 | $220 |
| 39520 | $2,654 | $221 |
| 38949 | $2,663 | $222 |
| 38655 | $2,667 | $222 |
| 38601 | $2,670 | $222 |
| 38677 | $2,676 | $223 |
| 38675 | $2,729 | $227 |
| 39560 | $2,743 | $229 |
| 38672 | $2,765 | $230 |
| 39501 | $2,766 | $230 |
| 38874 | $2,770 | $231 |
