- Best car insurance companies in Mississippi: Travelers
- Cheapest car insurance companies in Mississippi: Nationwide
- Average cost of car insurance in Mississippi
- Mississippi car insurance requirements
- Cheapest car insurance companies for minimum liability coverage 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
- Car insurance premium trends in Mississippi
- Methodology
- Compare Mississippi car insurance rates with other states
Best car insurance companies in Mississippi: Travelers
Travelers, Nationwide, State Farm, and Geico are among the best auto insurance companies in Mississippi for all drivers, based on an analysis by Insurance.com.
Below are the top Mississippi auto 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.
| Company | AM Best | JD Power | NAIC | Insurance.com score | Average annual premium |
|---|---|---|---|---|---|
| Travelers | A++ | 851 | 0.49 | 3.38 | $1,636 |
| Nationwide | A+ | 818 | 0.64 | 3.27 | $1,331 |
| State Farm | A++ | 807 | 0.7 | 3.26 | $1,797 |
| Geico | A++ | 847 | 0.91 | 2.87 | $2,210 |
| Progressive | A+ | 828 | 0.65 | 2.84 | $2,131 |
| Allstate | A+ | 816 | 0.65 | 2.64 | $2,527 |
| Shelter Insurance | A | 851 | 1.18 | 2.6 | $2,469 |
Cheapest car insurance companies in Mississippi: Nationwide
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 offers the cheapest full-coverage car insurance in Mississippi, with average rates of $1,331 annually or $111 a month. If you’re eligible, you can save even more at USAA.
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.
| Company | State minimum liability | 50/100/50 liability | 100/300/100 liability with $500 deductible |
|---|---|---|---|
| USAA | $283 | $422 | $1,320 |
| Nationwide | $429 | $563 | $1,331 |
| Travelers | $457 | $632 | $1,636 |
| State Farm | $355 | $517 | $1,797 |
| Southern Farm Bureau | $383 | $540 | $1,933 |
| Progressive | $346 | $564 | $2,131 |
| Geico | $388 | $622 | $2,210 |
| Shelter Insurance | $821 | $939 | $2,469 |
| Allstate | $691 | $895 | $2,527 |
| Safeway Insurance | $492 | $691 | $2,946 |
*USAA offers car insurance only to military veterans and their families.
Average cost of car insurance in Mississippi
The average cost of car insurance in Mississippi is $2,008 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 $463.
Auto insurance calculator
Most & least expensive ZIP codes for auto insurance in Mississippi
Most Expensive
| ZIP code | City | Highest rate |
|---|---|---|
| 39086 | Hermanville | $211 |
| 39144 | Pattison | $209 |
| 39150 | Port Gibson | $207 |
| 39096 | Alcorn State University | $205 |
Least Expensive
| ZIP code | City | Lowest rate |
|---|---|---|
| 39743 | Crawford | $158 |
| 39736 | Artesia | $159 |
| 39702 | Columbus | $161 |
| 39701 | Columbus | $161 |
The Mississippi Insurance department says...
While it is important to keep the cost of automobile insurance low, price should not be the only consideration when you are shopping for insurance. As the saying goes, you get what you pay for. In addition to comparing prices, it is a good idea to compare the financial strength of a company, its reputation for service, specific coverages, discounts and other benefits they offer.
- The Mississippi Insurance departmentMississippi car insurance requirements
You need car insurance with minimum coverage levels of 25/50/25 in Mississippi, which costs $464 each year or $39 each month.
Minimum liability insurance requirements for Mississippi:
- Bodily injury liability (BI): $25,000 per person and $50,000 for accident
- Property damage liability (PD): $25,000 per person
Cheapest car insurance companies for minimum liability coverage in Mississippi
According to Insurance.com, Progressive has the cheapest state minimum liability coverage, at $342 per year or $29 each month. USAA offers cheaper rates but is available only to military veterans and their families.
Here are the most affordable car insurance companies for state minimum coverage in Mississippi.
| Company | Liability insurance premium | Monthly liability insurance premium |
|---|---|---|
| USAA* | $283 | $24 |
| Progressive | $342 | $29 |
| State Farm | $355 | $30 |
| Geico | $384 | $32 |
| Southern Farm Bureau | $393 | $33 |
| Nationwide | $429 | $36 |
| Travelers | $466 | $39 |
| Safeway Insurance | $557 | $46 |
| Allstate | $677 | $56 |
| Shelter Insurance | $821 | $68 |
*USAA offers coverage only to military veterans and their family
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.
Southern Farm Bureau offers the cheapest car insurance for teen drivers in Mississippi at $3,637 per year for a full coverage policy.
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 $1,331 per year and $1,245 per year, respectively.
Compare car insurance rates by age
Select your age group and age below to see the insurance company and its
average annual and average monthly premium rates.
| Southern Farm Bureau | $4,122 | $344 |
| Nationwide | $4,780 | $398 |
| State Farm | $5,708 | $476 |
| USAA | $6,468 | $539 |
| Travelers | $6,874 | $573 |
| Shelter Insurance | $7,417 | $618 |
| Geico | $8,672 | $723 |
| Progressive | $10,398 | $867 |
| Allstate | $13,003 | $1,084 |
| Safeway Insurance | $15,334 | $1,278 |
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 auto insurance rates by company for drivers with accidents and tickets on their driving record.
| Company | Clean record | Accident | Speeding ticket |
|---|---|---|---|
| USAA | $1,320 | $2,008 | $1,714 |
| State Farm | $1,797 | $2,124 | $1,927 |
| Nationwide | $1,331 | $2,088 | $2,034 |
| Travelers | $1,636 | $2,293 | $2,374 |
| Allstate | $2,527 | $3,688 | $2,785 |
| Geico | $2,210 | $3,721 | $2,867 |
| Progressive | $2,131 | $3,512 | $2,941 |
| Shelter Insurance | $2,469 | $5,012 | $3,008 |
*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 differ significantly from the state average 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 to find the most competitive rates for your specific city in Mississippi.
| City | Annual insurance premium |
|---|---|
Calhoun City | $1,964 |
Carthage | $1,949 |
Gulfport | $2,096 |
Car insurance premium trends in Mississippi
Car insurance average rates increase most years and various factors contribute to these changes, including shifts in economic conditions, changes in state laws, and the number and severity of insurance claims.
That's why it's important to keep track of car insurance premiums to make better decisions. The graph below shows how insurance rates in Mississippi have increased or decreased from 2020 to 2023.
Whether you're planning to renew your policy with your current insurer or looking for a new one, this analysis is invaluable for making informed insurance choices.
Methodology
Insurance.com commissioned Quadrant Information Services in 2023 to field rates from major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving a 2023 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.
Compare Mississippi car insurance rates with other states
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