A well-made home is a great investment, and one of the best ways to protect that investment is by purchasing the right homeowners insurance policy.
USAA tops the list of best homeowners insurance companies in Mississippi. It has earned 882 scores out of 1000 from J.D. Power and A.M. Best rated it A++, which is the highest ratings they offer.
Whereas Mississippi Farm Bureau is one of the cheapest homeowners insurance companies, its average annual premium is $2,560.
With all these different options, it's no wonder that many people are left feeling confused. But don't worry, we have got you covered. In this guide, you will find everything you need to know about Mississippi home insurance companies.
Along with the best home insurance companies, you will also find a list of the least and most expensive ZIP codes for Mississippi homeowners. All this information will help you make an informed decision and find affordable homeowners insurance.
- Best home insurance companies in Mississippi
- Compare best homeowners insurance companies in Mississippi
- Average cost of homeowners insurance in Mississippi
- 10 Most expensive zip codes in Mississippi for homeowners insurance
- 10 Least expensive zip codes in Mississippi for homeowners insurance
- Cheap homeowners insurance in Mississippi
- Home and auto bundle discounts in Mississippi
Best home insurance companies in Mississippi
If you're looking for the best homeowners insurance company in Mississippi, we've got you covered. We've compiled a list of some of the top-rated insurers in the state and compared their rates, their customer satisfaction rating, J.D. Power score, claims handling and AM Best rating to help make your decision easier. Here is the list of best home insurance companies in Mississippi:
- USAA
- State Farm
- Allstate
- Nationwide
- Travelers
Compare best homeowners insurance companies in Mississippi
There are many great home insurance carriers in Mississippi, but not all of them offer the same home insurance coverage options and affordable home insurance premiums. We have compared rates from top insurance providers and selected the best homeowners insurance companies for you, based on Insurance.com's analysis.
These leading providers offer competitive prices and provide excellent customer service, also you can find their J.D Power scores and A.M Best ratings in the table below.
| Company | Overall rating | J.D. Power score | AM Best rating |
|---|---|---|---|
| USAA | 5 | 882 | A++ |
| State Farm | 4 | 835 | A++ |
| Allstate | 4 | 829 | A+ |
| Nationwide | 4 | 812 | A+ |
| Travelers | 3 | 800 | A++ |
| AIG | 1 | 830 | - |
Average cost of homeowners insurance in Mississippi
The average home insurance rate in Mississippi is $3,340 a year, or $278 a month. It's 1,035 more than the national average ($2,305).
Many factors go into determining the home insurance costs in Mississippi. ZIP code, home's size, and construction, and the amount of insurance coverage you need are some of the factors that an insurance company considers when calculating your average home insurance premium.
| Average annual premium | Average monthly premium |
|---|---|
| $3,340 | $278 |
10 Most expensive zip codes in Mississippi for homeowners insurance
Factors like your home's value, local crime rate, and weather risks such as floods affect your home insurance rates in Mississippi. If you live in an area with high crime rates or your area is at risk of severe weather conditions, then your insurance rates may be high.
For instance, the most expensive ZIP code for homeowners insurance in Mississippi is 39564; its average insurance rate is $3,805--- $465 more than the state average.
We have compared rates from major Mississippi homeowners insurance companies across all the ZIP codes and put together a list of the 10 most expensive ZIP codes in Mississippi.
| ZIP code | Average annual rate |
|---|---|
| 39564 | $3,805 |
| 39507 | $3,790 |
| 39567 | $3,784 |
| 39530 | $3,770 |
| 39501 | $3,766 |
| 39534 | $3,755 |
| 39558 | $3,606 |
| 39520 | $3,591 |
| 39560 | $3,589 |
| 39540 | $3,544 |
10 Least expensive zip codes in Mississippi for homeowners insurance
The least expensive ZIP code for home insurance in Mississippi is 38672; its average insurance rate is $2,104--- that's $1,236 less than the state average.
Below are the ten least expensive ZIP codes in Mississippi for homeowners insurance, based on Insurance.com's rate analysis.
| ZIP code | Average annual rate |
|---|---|
| 38672 | $2,104 |
| 38671 | $2,112 |
| 38637 | $2,113 |
| 38654 | $2,114 |
| 38641 | $2,120 |
| 38680 | $2,122 |
| 38651 | $2,123 |
| 38949 | $2,126 |
| 38632 | $2,136 |
| 38677 | $2,139 |
Cheap homeowners insurance in Mississippi
Mississippi Farm Bureau, Safeco, and USAA are the top three cheapest homeowners insurance companies in Mississippi. This data is collected from major insurers for nearly every ZIP code in the state and averaged by coverage level and company.
The first thing to know about home insurance is that it's different for every homeowner. Your home insurance premium depends on factors like the construction materials used in your house, its age and location, etc. Therefore, it's important to compare homeowners insurance costs from different insurers before making a decision. Comparison shopping can help you save hundreds of dollars annually.
Below are the cheapest home insurance companies along with their average annual premium.
| Company name | Average annual premium |
|---|---|
| Mississippi Farm Bureau | $2,560 |
| Safeco | $2,717 |
| USAA | $2,874 |
| Nationwide | $3,347 |
| Allstate | $3,381 |
| State Farm | $5,091 |
| Farmers | $5,630 |
| Foremost | $5,833 |
| Travelers | $6,504 |
Home and auto bundle discounts in Mississippi
One of the best ways to save on your homeowners insurance cost is by bundling home and auto policies. If you purchase your auto and home insurance policies from the same company, you can save an average of $837 a year or 22%, based on an analysis by Insurance.com.
Know-how major carriers in Mississippi compare when it comes to home-auto bundle discount savings in the table below.
| Company | $ Bundle average saving | % Bundle average saving |
|---|---|---|
| Nationwide | $2,198 | 39% |
| State Farm | $1,134 | 35% |
| Metropolitan | $1,109 | 32% |
| Allstate | $1,068 | 27% |
| Travelers | $381 | 15% |
| USAA | $338 | 9% |
| Mississippi Farm Bureau | $262 | 10% |
| Foremost Insurance | $211 | 5% |