Average renters insurance cost in Mississippi

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Renters insurance in Mississippi costs an average of $429 per year, or $36 per month. That’s for a standard policy with $40,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible – a solid starting point for most renters.

Your actual rate depends on how much coverage you choose, which insurance company you go with, and personal factors like your ZIP code, claims history, and in some states, 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?

At the standard coverage level – $40,000 in personal property, $300,000 in liability, and a $1,000 deductible – renters insurance in Mississippi averages $429 per year.

If you reduce your personal property coverage to $20,000, that average drops to around $310 annually. Before making that adjustment, it’s worth confirming that $20,000 would genuinely cover the cost of replacing your belongings.

The table below compares average annual renters insurance costs in Mississippi at both the $20,000 and $40,000 coverage levels.

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?

Coverage needs vary from person to person, but a common starting range is $20,000 to $40,000 in personal property protection and at least $300,000 in liability coverage. The right amount ultimately comes down to the value of what you own, whether any of your items warrant separate endorsements, and how much of a financial cushion you want between you and an unexpected loss.

How much does renters insurance cost by city in Mississippi?

Your city within Mississippi can have a real impact on your renters insurance premium. Insurers factor in local variables like crime statistics, weather history, and how urban or suburban an area is when setting rates.

Here’s how average renters insurance costs break down across major cities in Mississippi.

Renters insurance rates in Mississippi by city

See rates in your city

Biloxi

Does your ZIP code affect renters insurance rates in Mississippi?

When it comes to pricing renters insurance, your ZIP code carries a lot of weight. Insurers look at the risk profile of your specific area – including local theft levels, weather exposure, and claims history – to determine your rate. Two renters with identical policies can pay very different premiums simply because of where they live.

Across Mississippi, annual premiums range from around $347 in 39361 to $762 in 39595. The cheapest and most expensive ZIP codes in Mississippi are listed below.

Why your ZIP code affects renters insurance costs

Renters insurance premiums are calculated using localized risk data, so rates can vary considerably depending on your neighborhood and ZIP code.

Factors that influence pricing include:

Local rates of theft and vandalism
Exposure to weather events such as wildfires, floods, or hurricanes
Fire incident history and repair costs in your area

A change of just a few ZIP codes can meaningfully affect your monthly rate.

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

Among all ZIP codes in Mississippi, 39361 has the lowest average annual renters insurance rate at $347.

Lower theft rates and fewer weather-related claims are the main drivers behind more affordable premiums in these areas.

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?

39595 carries the highest average renters insurance cost in Mississippi at $762 per year, or $64 per month.

Below are average annual renters insurance rates for every ZIP code in Mississippi.

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

Compare quotes from a minimum of 3 insurers – pricing for the same coverage can vary by over $100 within a single ZIP code
Bundle renters and auto insurance with the same provider to unlock savings of 5% to 15%
Look into discounts tied to safety features. Smoke detectors, deadbolts, security cameras, and smart home systems can all qualify
Consider raising your deductible to $1,000 if it’s currently $500 – the savings can be around 10% annually
Ask your insurer about claims-free discounts if you’ve gone 3 or more years without filing

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

Is renters insurance worth it in Mississippi?

For most renters in Mississippi, renters insurance is well worth having. It protects your belongings against fire, theft, vandalism, and certain natural disasters, while also providing liability coverage if someone is injured in your home.

According to the US Department of Commerce, the US Census Bureau and American Community Survey – over 48% of renter households in the US spend more than 30% of their income on rent and utilities, which means even smaller ongoing expenses like insurance are worth managing carefully.

Finding the right policy comes down to shopping around. Price matters, but it’s also important to review coverage options, deductibles, and customer satisfaction. Paying slightly more for better coverage can make a real difference when you need to file a claim.

Frequently asked questions

What does renters insurance actually cover?

A standard renters insurance policy covers personal belongings, liability, and additional living expenses if your rental becomes unlivable. It protects against losses from events like fire, theft, and vandalism, and can cover legal or medical costs if someone is hurt on your property. Always check the specific limits and exclusions in any policy you’re considering.

Do I really need renters insurance in Mississippi?

While renters insurance isn’t legally required in most cases, it provides real financial protection that’s hard to replicate otherwise. Even a basic policy can cover thousands of dollars in losses from theft, fire, or accidental damage – costs that would otherwise come straight out of pocket. Many landlords in Mississippi also make renters insurance a condition of the lease.

Sources:

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

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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.