USAA is the best homeowners insurance company in Mississippi, based on a 2023 analysis by Insurance.com, with an overall rating of 4.59 for military veterans and their families. Southern Farm Bureau is the best home insurance company in Mississippi for non-military owners, with an overall rating of 4.47.
Allstate offers the cheapest home insurance in Mississippi at $1,345 a year.
With so many options out there, it is not easy to choose a homeowners insurance company in Mississippi. You need a reliable company that will provide you with quality service at an affordable price. If this is what you're looking for, then keep on reading this guide.
- The average cost of homeowners insurance in Mississippi is $3,398 a year or $283 a month.
- The cheapest homeowners insurance company in Mississippi is Allstate. It offers home insurance at an average of $1,345 a year.
- USAA ranked as the best insurance company for military veterans while Southern Farm Bureau ranked the best insurance company for non-military veterans in Mississippi based on rates, complaints and financial stability.
Average home insurance cost in Mississippi
The average cost of homeowners insurance in Mississippi is $3,398 a year or $283 a month. This is based on coverage of:
- $300,000 dwelling
- $300,000 liability
- $1,000 deductible.
- 2% Hurricane deductible
However, the average annual premium varies by the insurance company, your ZIP code, coverage type, your home's age, among other factors. It’s a good idea to compare price quotes from different Mississippi homeowners insurance companies to get the best deal.
Best home insurance companies in Mississippi
The best home insurance company in Mississippi for 2023 is USAA, followed by Southern Farm Bureau and State Farm.
Below is a full list of the top Mississippi insurance companies based on price, NAIC complaints, 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++ | $2,804 | 0.41 | 4.59 |
| Southern Farm Bureau | A+ | $3,285 | 0.19 | 4.47 |
| State Farm | A++ | $3,229 | 1.07 | 4.13 |
| Nationwide | A+ | $3,546 | 0.75 | 4.1 |
| Farmers | A | $4,732 | 0.33 | 3.96 |
| Allstate | A+ | $1,345 | 2.04 | 3.8 |
| Travelers | A++ | $8,494 | 0.6 | 3.37 |
*USAA only provides coverage to military members, veterans and their families.
Cheapest home insurance companies in Mississippi
Below are Mississippi home insurance rates by company for six different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our rate analysis, you’ll see Allstate has the most affordable rates in every category by a wide margin.
| Company | $200,000 | $300,000 | $400,000 | $500,000 | $600,000 |
|---|---|---|---|---|---|
| Allstate | $1,204 | $1,345 | $1,614 | $1,926 | $2,229 |
| USAA | $2,083 | $2,804 | $3,364 | $3,808 | $4,313 |
| Southern Farm Bureau | $2,403 | $3,285 | $4,076 | $4,450 | $4,699 |
| State Farm | $2,503 | $3,229 | $3,951 | $4,883 | $5,775 |
| Nationwide | $2,559 | $3,546 | $4,506 | $5,565 | $6,523 |
| Farmers | $3,412 | $4,732 | $6,352 | $7,502 | $8,362 |
| Travelers | $7,690 | $8,494 | $9,052 | $8,848 | $9,007 |
*USAA only provides coverage to military members, veterans and their families.
Mississippi home insurance rates by ZIP code
Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Mississippi to see which areas are the most and least expensive.
The most expensive ZIP codes in Mississippi for home insurance
Mississippi homeowners insurance rates are the most expensive for ZIP code 39540 with an average annual cost of $5,611.
The most expensive ZIP codes in Mississippi are in these cities:
| ZIP code | Average annual rates |
|---|---|
| 39540 | $5,611 |
| 39595 | $5,492 |
| 39581 | $5,447 |
| 39563 | $5,425 |
| 39572 | $5,421 |
| 39567 | $5,329 |
The least expensive ZIP codes in Mississippi for home insurance
The cheapest ZIP codes for home insurance in Mississippi are
| ZIP code | Average annual rates |
|---|---|
| 39736 | $2,691 |
| 39107 | $2,730 |
| 39753 | $2,731 |
| 38880 | $2,771 |
| 38675 | $2,829 |
| 39769 | $2,843 |
