- Mississippi government car insurance for low-income drivers
- Mississippi minimum car insurance requirements
- Best low income car insurance in Mississippi
- Cheap car insurance in Mississippi for low-income individuals
- Car insurance discounts in Mississippi for low-income drivers
- Methodology
- Low-income car insurance in Mississippi: Frequently asked questions
- Compare low-income car insurance rates in Mississippi with other states
Mississippi government car insurance for low-income drivers
There is no government-run car insurance program for low-income drivers in Mississippi. Only a handful of states (California, Hawaii and New Jersey) have such a program.
In Mississippi, low-income drivers must still carry the minimum amount of car insurance. The best way to find it on a budget is to shop around.
Mississippi minimum car insurance requirements
The minimum car insurance requirements in Mississippi are as follows:
| Minimum liability coverage limits | Average annual premium | Other types of insurance required (if any) |
|---|---|---|
| 25/50/25 | $463 | - |
Remember that if you have a loan on your car, you’re required to carry full coverage, which includes collision and comprehensive.
Best low income car insurance in Mississippi
State Farm came out on top as the best pick for low-income car insurance.
People on a tight budget still deserve great service from their car insurance company. We gathered the data on the top car insurance companies in Mississippi and compared them on rates for state-minimum coverage, financial stability and customer satisfaction based on J.D. Power and National Association of Insurance Commissioners (NAIC) scores.
These are the best low-income car insurance companies in Mississippi.
| Company | Average annual premium | J.D. Power | AM Best | NAIC | Insurance.com score |
|---|---|---|---|---|---|
| State Farm | $355 | 807 | A++ | 0.7 | 3.5 |
| Travelers | $457 | 851 | A++ | 0.49 | 3.34 |
| Progressive | $346 | 828 | A+ | 0.65 | 3.27 |
| Geico | $388 | 847 | A++ | 0.91 | 3.27 |
| Nationwide | $429 | 818 | A+ | 0.64 | 3.12 |
| Allstate | $691 | 816 | A+ | 0.65 | 2.65 |
| Shelter Insurance | $821 | 851 | A | 1.18 | 2.34 |
Cheap car insurance in Mississippi for low-income individuals
Based on state-minimum coverage, we found that the cheapest car insurance company in Mississippi is Progressive at an average rate of $346 a year.
When you’re working with a tight budget, price is the number one consideration. We gathered rates from car insurance companies in Mississippi to find the cheapest options on average.
| Company name | Average annual premium | Average monthly premium |
|---|---|---|
| Progressive | $346 | $29 |
| State Farm | $355 | $30 |
| Southern Farm Bureau | $383 | $32 |
| Geico | $388 | $32 |
| Nationwide | $429 | $36 |
| Travelers | $457 | $38 |
| Safeway Insurance | $492 | $41 |
| Allstate | $691 | $58 |
| Shelter Insurance | $821 | $68 |
| USAA | $283 | $24 |
Car insurance discounts in Mississippi for low-income drivers
Discounts are the best way to bring down your car insurance rates. There are a number of discounts low-income drivers in Mississippi can take advantage of for cheaper insurance. Take a look at some common discounts and how much you can save below.
| Discount type | % Discount |
|---|---|
| Years Licensed | 22% |
| Years Insured | 16% |
| Profession | 14% |
| Telematics | 11% |
| Marital Status | 9% |
| Loyalty - Years Renewal With Company | 8% |
| Primary Use | 7% |
| Multi Policy | 7% |
| Payment Type | 7% |
| Education | 6% |
| Lower Annual Mileage | 6% |
| Days Advanced Purchase | 4% |
| Daily Commute | 4% |
| Homeowner | 4% |
| Days Per Week Driven | 4% |
| Safety Devices | 4% |
| Electronic Funds Transfer | 3% |
| Paperless/Electornic Documents | 2% |
| Anti-Theft Device | 1% |
Methodology
Insurance.com commissioned car insurance rates from Quadrant Data Services in late 2023 for state minimum car insurance policies across all states. Rates are based on a 40-year-old driver with a clean driving record and good credit, driving a Honda Accord LX. We compared rates from 170 companies across 35,488 ZIP codes.
Low-income car insurance in Mississippi: Frequently asked questions
What is the cheapest car insurance company for low-income people?
In Mississippi, the cheapest car insurance company is Progressive. However, that’s based on average rates and may differ for you, so it’s important to shop around.
Does Mississippi have car insurance for low-income individuals?
No, Mississippi doesn’t offer a car insurance program for low-income individuals or families.
Compare low-income car insurance rates in Mississippi with other states
Helpful auto insurance tools and calculators
You might also be interested in- Traffic ticket calculator in Mississippi
- SR-22 insurance in Mississippi
- Non-owner car insurance in Mississippi: Best and cheapest companies
- Mississippi gap insurance: Everything you need to know
- Mississippi car insurance guide
- Cheapest car insurance for high-risk drivers in Mississippi
- Cheapest home and auto insurance bundle in Mississippi
- Best condo insurance in Mississippi for 2024
- Best and cheapest renters insurance in Mississippi
- Best and cheapest home insurance in Mississippi for 2024
