Nationwide offers the cheapest auto insurance at $1,314 per year or $109 monthly, on average. If you’re eligible, you can get cheaper rates at USAA, where the average is $963 a year. Both are below the average Mississippi car insurance rate of $1,498 a year.
Cheap isn’t everything, and an Insurance.com analysis of rates, complaints, and financial stability found State Farm to be the best insurance company in Mississippi.
Many factors go into your insurance premium. Insurance companies use your driving record, the type of car you drive, and the coverage you select to determine your annual car insurance rate.
Read on to compare Mississippi insurance rates by company, age and more.
Key takeaways
- State Farm is the best car insurance company in Mississippi overall, with below-average rates and a low complaint ratio.
- Nationwide is the cheapest car insurance company in Mississippi for all residents at $1,314 per year.
- State Farm has the cheapest rates for teen drivers while Nationwide offers the cheapest rates for adult and senior drivers in Mississippi.
- Average cost of car insurance in Mississippi
- Best car insurance companies in Mississippi
- Cheapest car insurance companies in Mississippi
- Cheapest car insurance cost in Mississippi by age
- Cheapest car insurance companies in Mississippi by driver profile
- Compare auto insurance rates by city in Mississippi
- Compare auto insurance rates with other states
- Methodology
Average cost of car insurance in Mississippi
The average car insurance rate in Mississippi is $1,498 a year for a full coverage policy with a coverage level of 100/300/100 for a driver age 40, according to a rate analysis by Insurance.com. For the state minimum coverage, the average annual cost in Mississippi is $406.
Best car insurance companies in Mississippi
State Farm is the best auto insurance company in Mississippi for all drivers, based on a 2023 analysis by Insurance.com, with an overall rating of 3.9.
However, if you’re eligible, USAA tops the list of best car insurance companies in Mississippi, with an overall rating of 4.01; it only writes car insurance for military members and their families.
Below is a full list of the top Mississippi insurance companies based on price, NAIC complaint ratio, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
| Insurance company | AM Best | Average annual rate | NAIC Complaint ratio | Insurance.com score |
|---|---|---|---|---|
| USAA* | A++ | $ 963 | 0.99 | 4.01 |
| State Farm | A++ | $ 1,389 | 0.52 | 3.9 |
| Nationwide | A+ | $ 1,314 | 0.66 | 3.78 |
| Geico | A++ | $ 1,555 | 0.77 | 3.59 |
| Progressive | A+ | $ 1,496 | 0.73 | 3.43 |
| Travelers | A++ | $ 1,443 | 1.03 | 3.32 |
| Allstate | A+ | $ 1,978 | 0.95 | 2.45 |
USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies in Mississippi
Don't just go with the first insurer you come across. Comparison shopping is the key when it comes to finding the best deal on auto insurance. Get quotes from several different insurers and compare their rates. You may be surprised at how much difference there can be in rates from one company to another.
We have gathered price quotes from all the major insurance providers in Mississippi and put together a list of the cheapest car insurance companies. Based on a rate analysis by Insurance.com, Nationwide is the cheapest car insurance company in Mississippi with average rates of $1,314 annually or $110 a month for full coverage. If you’re eligible, you can save even more at USAA.
| Company | State minimum | 50/100/50 liability only | 100/300/100 liability with $500 comp/coll deductible |
|---|---|---|---|
| USAA* | $ 211 | $ 314 | $ 963 |
| Nationwide | $ 397 | $ 550 | $ 1,314 |
| State Farm | $ 318 | $ 448 | $ 1,389 |
| Travelers | $ 478 | $ 659 | $ 1,443 |
| Progressive | $ 350 | $ 513 | $ 1,496 |
| Geico | $ 259 | $ 436 | $ 1,555 |
| Allstate | $ 527 | $ 661 | $ 1,978 |
| Shelter Insurance | $ 712 | $ 828 | $ 2,032 |
USAA offers car insurance only to military veterans and their families.
Auto insurance calculator
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Cheapest car insurance cost in Mississippi by age
In Mississippi, car insurance rates are higher for teenagers as they are more prone to accidents due to their lack of experience on the road.
State Farm offers the cheapest car insurance for teen drivers in Mississippi at $3,769 per year for a full coverage policy. USAA offers a cheaper full coverage policy, if you are eligible, at $2,933 per year.
Car insurance rates will decrease as teens age and keep a good driving record. Car insurance rates for adults 25+ and seniors 60+ are lower than those for teens and young adults.
In Mississippi, Nationwide offers the cheapest full coverage car insurance for adult drivers (25-55 year-olds) and senior drivers (60-75 year-olds) at $1,292 per year and $1,199 per year, respectively. If you are eligible, USAA offers cheaper auto insurance rates.
| Age (group) | Company Group | Avg. Annual Premium |
|---|---|---|
| Teens (16-19) | USAA | $ 2,933 |
| Teens (16-19) | State Farm | $ 3,769 |
| Teens (16-19) | Nationwide | $ 4,188 |
| Teens (16-19) | Travelers | $ 4,309 |
| Teens (16-19) | Geico | $ 4,918 |
| Teens (16-19) | Shelter Insurance | $ 5,419 |
| Teens (16-19) | Allstate | $ 7,066 |
| Teens (16-19) | Progressive | $ 7,524 |
| Young Adults (20-24) | USAA | $ 1,438 |
| Young Adults (20-24) | Nationwide | $ 2,115 |
| Young Adults (20-24) | Travelers | $ 2,139 |
| Young Adults (20-24) | State Farm | $ 2,231 |
| Young Adults (20-24) | Progressive | $ 2,557 |
| Young Adults (20-24) | Geico | $ 2,592 |
| Young Adults (20-24) | Allstate | $ 2,916 |
| Young Adults (20-24) | Shelter Insurance | $ 3,636 |
| Adults (25-55) | USAA | $ 981 |
| Adults (25-55) | Nationwide | $ 1,292 |
| Adults (25-55) | State Farm | $ 1,411 |
| Adults (25-55) | Travelers | $ 1,459 |
| Adults (25-55) | Geico | $ 1,497 |
| Adults (25-55) | Progressive | $ 1,579 |
| Adults (25-55) | Allstate | $ 2,019 |
| Adults (25-55) | Shelter Insurance | $ 2,164 |
| Seniors (60-75) | USAA | $ 953 |
| Seniors (60-75) | Nationwide | $ 1,199 |
| Seniors (60-75) | State Farm | $ 1,308 |
| Seniors (60-75) | Travelers | $ 1,388 |
| Seniors (60-75) | Progressive | $ 1,474 |
| Seniors (60-75) | Geico | $ 1,683 |
| Seniors (60-75) | Shelter Insurance | $ 1,858 |
| Seniors (60-75) | Allstate | $ 1,998 |
USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies in Mississippi by driver profile
Drivers who have accidents or tickets are considered a higher risk and will pay more for car insurance.
However, the severity and frequency of these incidents also play a role in insurance rates. For instance, drivers with a single minor accident will see a smaller increase in their rates compared to those with multiple major accidents.
Below are average Mississippi rates by company for drivers with accidents and tickets on their driving record.
| Company | Clean record | Accident | Ticket |
|---|---|---|---|
| USAA* | $ 946 | $ 1,426 | $ 1,236 |
| Nationwide | $ 1,140 | $ 1,647 | $ 1,334 |
| State Farm | $ 1,361 | $ 1,622 | $ 1,465 |
| Travelers | $ 1,465 | $ 2,054 | $ 2,002 |
| Geico | $ 1,491 | $ 2,490 | $ 1,812 |
| Progressive | $ 1,494 | $ 2,562 | $ 2,052 |
| Allstate | $ 1,955 | $ 2,881 | $ 2,163 |
*USAA offers car insurance only to military members veterans and their families.
Compare auto insurance rates by city in Mississippi
Auto insurance rates in your city can vary significantly due to factors such as population density, increased instances of auto theft or accidents, and a few other factors. It's best to compare quotes from various insurance providers and consider these local factors to find the most competitive rates for your specific city in Mississippi.
| City | Annual insurance premium |
|---|---|
Calhoun City | $1,419 |
Carthage | $1,513 |
Clinton | $1,566 |
Columbus | $1,375 |
Ecru | $1,342 |
Gulfport | $1,535 |
Moss Point | $1,529 |
Natchez | $1,685 |
Olive Branch | $1,474 |
Compare auto insurance rates with other states
Methodology
Insurance.com commissioned Quadrant Information Services in 2022 to field rates from up to six major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving 2021 Honda Accord LX with full coverage of 100/300/100 with comprehensive and collision; $500 deductible.
The car insurance rates for drivers with accidents and tickets are averaged based on rates for the following accidents and tickets:
Accidents:
- 1 at-fault property damage accident over $2k
- 1 at-fault property damage accident under $2k
- At-fault bodily injury accident
- Single vehicle accident
Tickets:
- Distracted driving ticket
- Speeding ticket 1- 10 MPH over limit
- Speeding ticket 11- 29 MPH over limit
- Talking on cellphone ticket
- Texting ticket
Insurance.com analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.
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