Average renters insurance cost in Mississippi

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Renters in Mississippi pay an average of $429 per year, or $36 per month for renters insurance. This is based on a standard policy covering $40,000 in personal property, $300,000 in liability, and a $1,000 deductible – a reasonable baseline for most renters.

What you actually pay will depend on your coverage amount, which insurer you choose, and personal details like your ZIP code, claims history, and in some states, your credit score.

How much does renters insurance cost in Mississippi?

The average monthly cost of renters insurance in Mississippi is $36 for a policy with $40,000 in personal property coverage and $300,000 in liability protection. Premiums can shift depending on where you live, how much coverage you need, and the total value of your belongings – which is why getting quotes from several insurers is a smart move.

Generally speaking, raising your deductible lowers your monthly premium, while adding coverage for valuables like jewelry or electronics increases it. Choose a deductible and coverage level that fits both your budget and replacement needs.

Renters insurance in Mississippi: Where to start

Renters insurance in Mississippi averages $429 per year, or $36 per month for a standard policy
If you’re looking for the lowest price, Nationwide tends to offer the most competitive rates in Mississippi, averaging around $324 per year
Since pricing varies widely between providers, it pays to compare a few options before making a decision

Which companies offer the cheapest renters insurance in Mississippi?

The most affordable renters insurance in Mississippi comes from Nationwide, which averages $324 per year. State Farm and Farmers are also competitive options for budget-conscious renters.

Keep in mind that the cheapest policy isn’t always the right one – coverage limits, deductibles, and available discounts all matter. The table below compares average annual and monthly rates from leading insurers in Mississippi.

Company	Average annual rate	Average monthly rate
Nationwide	$324	$27
State Farm	$330	$27
Farmers	$433	$36
Allstate	$828	$69
Travelers	$989	$82
USAA*	$138	$11

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

Want a more accurate renters insurance estimate?

Use our calculator to get a personalized renters insurance quote based on your location and coverage needs.

Your final premium may vary depending on the insurer, coverage limits, deductible, claims history, and other rating factors.

Renters insurance calculator in Mississippi

$404/year

Estimated renters insurance rates in Mississippi

$34

Monthly renters insurance cost in Mississippi

50%

Compared to national average

How much does renters insurance cost by coverage level in Mississippi?

The average annual cost of renters insurance in Mississippi is $429, with a personal property coverage limit of $40,000, $300,000 in liability coverage and a $1,000 deductible.

However, if you lower your personal property coverage from $40,000 to $20,000, you can expect to pay $310 a year for renters insurance in Mississippi. Make sure $20,000 is enough to cover your belongings before deciding to adjust your coverage.

The table below shows average annual renters insurance premiums in Mississippi for personal property coverage of $20,000 and $40,000.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$313	$26
$20,000 with $500 Deductible and $300,000 Liability	$338	$28
$20,000 with $1,000 Deductible and $100,000 Liability	$285	$24
$20,000 with $1,000 Deductible and $300,000 Liability	$310	$26
$40,000 with $500 Deductible and $100,000 Liability	$443	$37
$40,000 with $500 Deductible and $300,000 Liability	$468	$39
$40,000 with $1,000 Deductible and $100,000 Liability	$404	$34
$40,000 with $1,000 Deductible and $300,000 Liability	$429	$36
$60,000 with $500 Deductible and $100,000 Liability	$582	$49
$60,000 with $500 Deductible and $300,000 Liability	$609	$51
$60,000 with $1,000 Deductible and $100,000 Liability	$532	$44
$60,000 with $1,000 Deductible and $300,000 Liability	$559	$47

People also ask: How much renters insurance coverage do I need?

Most renters need enough coverage to replace their personal belongings and protect against liability claims. A common starting point is $20,000 to $40,000 in personal property coverage and at least $300,000 in liability protection. That said, the right amount really depends on the value of what you own, any endorsements you might add for higher-value items, and how much risk you’re comfortable carrying yourself.

Renters insurance rates in Mississippi by city

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Biloxi

How much does renters insurance cost by city in Mississippi?

Renters insurance premiums can differ depending on where in Mississippi you live. Factors like local crime rates, weather patterns, and the density of the area all play a part in what insurers charge.

Here’s how average renters insurance rates compare across major cities.

Does your ZIP code affect renters insurance rates in Mississippi?

Your ZIP code is one of the most significant factors in how insurers price your policy. Areas with higher rates of theft, more frequent weather events, or a greater number of past claims tend to see higher premiums – even for the same level of coverage.

In Mississippi, annual rates range from roughly $347 in 39361 to $762 in 39595. Below are the cheapest and most expensive ZIP codes for renters insurance in Mississippi.

Why your ZIP code affects renters insurance costs

Insurers use neighborhood-level risk data when calculating your premium, which means rates can differ significantly from one ZIP code to the next.

Key factors include:

Theft and vandalism rates in your area
Exposure to weather risks like hurricanes, wildfires, or flooding
Historical fire claims and local rebuilding costs

Even shifting a few ZIP codes can change what you pay each month.

What are the most affordable ZIP codes for renters insurance in Mississippi

39361 has the lowest average annual renters insurance cost at $347.

Areas with fewer theft incidents and lower weather-related claim activity tend to have more affordable premiums overall.

ZIP code	City	Average annual rate	Average monthly rate
39361	Shuqualak	$347	$29
39162	Satartia	$348	$29
39354	Preston	$352	$29
39352	Porterville	$353	$29
39057	Conehatta	$354	$30
39323	Chunky	$355	$30
38923	Coila	$355	$30
39309	Meridian	$356	$30
38957	Sumner	$356	$30
38913	Banner	$357	$30

What are the least affordable ZIP codes for renters insurance in Mississippi

At the other end of the spectrum, 39595 has the highest average renters insurance cost in Mississippi, at $762 per year or $64 per month.

Below are average annual rates across all ZIP codes in Mississippi, based on quotes from major providers.

ZIP code	City	Average annual rate	Average monthly rate
39595	Pascagoula	$762	$64
39555	Hurley	$747	$62
39558	Lakeshore	$742	$62
39530	Biloxi	$721	$60
39564	Ocean Springs	$719	$60
39553	Gautier	$714	$60
39507	Gulfport	$711	$59
39560	Long Beach	$701	$58
39563	Moss Point	$700	$58
39571	Pass Christian	$698	$58

How to lower your renters insurance, even in a high-cost ZIP code

Get quotes from at least 3 insurers – rates for identical coverage can differ by $100 or more within the same ZIP code
Bundle your renters and auto insurance to cut 5% to 15% off your premium
Ask about discounts for safety features like smoke detectors, deadbolts, security systems, or smart home devices
Raise your deductible from $500 to $1,000 – this alone can reduce your premium by around 10%
If you haven’t filed a claim in 3 or more years, ask about a claims-free discount

Is renters insurance worth it in Mississippi?

For most renters in Mississippi, a renters insurance policy protects your belongings from risks like fire, theft, vandalism, and certain weather events, and shields you from liability if someone is injured inside your home.

According to figures from the US Department of Commerce, the US Census Bureau, and the American Community Survey, approximately 48% of US renter households allocate more than 30% of their income toward rent and utilities. When housing already takes up a large share of your budget, it’s worth being thoughtful about every ongoing cost – including insurance.

Shopping around makes a real difference. Beyond price, look at what each policy actually covers, what the deductible is, and how the insurer performs when claims are filed. Slightly higher premiums can be worthwhile if the coverage is meaningfully better.

Frequently asked questions

What does renters insurance actually cover?

Renters insurance generally covers three things: your personal belongings, liability protection, and additional living expenses if your home becomes uninhabitable after a covered event. It can help with losses from fire, theft, and vandalism, as well as legal or medical costs if a visitor is injured on your property. Coverage specifics differ by policy, so reviewing your limits and exclusions carefully is important.

Do I really need renters insurance in Mississippi?

There’s no universal legal requirement for renters insurance, but the protection it offers is hard to replicate on your own. A single incident – whether it’s a break-in, a fire, or accidental damage – can result in thousands of dollars in losses. Renters insurance covers those costs so you’re not paying out of pocket. It’s also increasingly common for landlords in Mississippi to require it as part of the lease agreement.

Sources:

Insurance Information Institute. Facts + statistics: Renters insurance. Accessed May 2026.

How much is renters insurance in other states

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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.