Average renters insurance cost in Mississippi

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

Renters insurance costs in Mississippi varies depending on various factors, including the coverage amount, insurance company, and individual circumstances. But, the average renters insurance cost in Mississippi is $394 per year or $33 per month for coverage limits of $40,000 for personal property coverage, $100,000 in liability coverage and a $1000 deductible. These are average rates and actual premium costs may differ.

Renters insurance companies in Mississippi

USAA offers affordable renters insurance in Mississippi at an average annual rate of $140 followed by Nationwide and Southern Farm Bureau, based on Insure.com’s analysis.

But it’s smart to get multiple quotes for various renters insurance companies in Mississippi because the prices vary a lot among carriers.

Below we have compared the average annual and monthly renters insurance rates of insurance companies across Mississippi.

Renters insurance calculator in Mississippi

Select your state

Mississippi

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Washington, D.C. Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Personal property coverage

Covers your personal belongings, such as your furniture, electronics, clothing, artwork, etc. Choose the amount you believe would cover all of your belongings.

$40,000

$20,000 $40,000 $60,000

Liability

Covers the medical expenses of people who are hurt while in your home or on your property, as well as damage you caused to others’ property. Also covers legal fees if you are sued by someone hurt in your home or on your property. Limits of $300,000 or $500,000 are recommended.

$100,000

$100,000 $300,000

Deductible

Choose the amount you want to pay out-of-pocket before insurance kicks in. This applies to your dwelling and personal belongings claims.

$1,000

$500 $1,000

Calculate

Average cost of renters insurance in Mississippi by coverage level

As we discussed above, in Mississippi, the average cost of renters insurance is $394 per year. These rates are for the coverage level of $40,000 for personal property coverage, $100,000 in liability coverage and a $1000 deductible.

However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $269 per year for renters insurance in Mississippi for $100,000 in liability protection and $1000 deductible.

Find below the average cost of renters insurance in Mississippi for personal property coverage of $20,000 and $40,000.

Most affordable ZIP codes for renters insurance in Mississippi

How much Mississippi renters pay for insurance majorly depends on the ZIP code they live in. 39361 is the most affordable ZIP for renters insurance in Mississippi among all the ZIP codes analyzed, at about $316 a year on average.

Rates vary based on the ZIP code, that’s why comparing quotes is one of the easiest ways to get the best deal on renters insurance in Mississippi.

Least affordable ZIP codes for renters insurance in Mississippi

Your ZIP code, among other factors, affects how much you pay for renters insurance in Mississippi. 39595 is the least affordable ZIP code for Mississippi renters at an average cost of $761 a year or $63 monthly.

We have analyzed quotes from the major insurance carriers across all the ZIP codes in Mississippi. Below are the average annual renters insurance costs by ZIP code.

Renters insurance rates vary from one city to another. But with Insure.com, finding the right renters insurance policy is easy. Learn more about renters insurance costs for different cities below.

Renters and auto bundle discounts in Mississippi

If you’re looking for ways to trim costs on your insurance premiums, consider purchasing renters and auto insurance from the same company.

Bundling policies can help you save an average of 17% per year in Mississippi. Allstate offers the cheapest rate on renters and auto insurance bundle, you can save 18% a year on your premiums.

Final thoughts: Average renters insurance in Mississippi

Renters insurance is a must-have for renters in Mississippi. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters.

To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. Consider factors like coverage options, deductibles, and customer reviews in addition to price.

Methodology

Insure.com commissioned Quadrant Information Services to gather renters insurance rates for all available ZIP codes in Mississippi. These rates include a coverage limit of $100,000 for liability coverage, personal property coverage ranging from $20,000 to $40,000, and a $1,000 deductible, with credit tier alignment specified as good/none.

Explore other insurance options in Mississippi

Average homeowners insurance cost in Mississippi

Average car insurance cost in Mississippi

Non-owner car insurance in Mississippi

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.

Related Articles

Wildfires and home insurance: What you need to know By Penny Gusner

Home insurance for older homes with knob and tube wiring By Erik Martin

How much home insurance do I need? By Casey Bond

Hurricanes and home insurance: How hurricane insurance works By Les Masterson

Earthquake insurance basics By Michelle Megna

Home replacement cost calculator By Nupur Gambhir