Renters insurance in Mississippi: Cost, best companies and how to save

What is the average cost of renters insurance in Mississippi?

The average cost of renters insurance in Mississippi is $404 per year. Rates vary depending on factors like your location, the amount of coverage you choose, your deductible, and your claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Best renters insurance company in Mississippi: State Farm

Among the carriers surveyed, State Farm is the best renters insurance company in Mississippi, with a top score and an average renters insurance rate of $320.

Nationwide and Farmers are the other best insurance companies for renters insurance in Mississippi.

Renters insurance rates vary significantly among providers, so you should compare options before choosing. You should also select a company with a good reputation to ensure it will be there if you have a claim.

To help you find the best renters insurance in Mississippi, we evaluated average rates, NAIC complaints ratio, and AM Best financial ratings. We calculated the total Insurance.com score out of five using these factors.

Here are the best renters insurance companies in Mississippi.

Cheapest renters insurance in Mississippi

State Farm is the cheapest renters insurance company in Mississippi, with an average annual premium of $320, based on our analysis.

Since renters insurance rates vary significantly from one provider to another, comparing quotes is the best way to find affordable coverage that fits your needs.

Below is the list of the cheapest renters insurance companies in Mississippi and their average annual premiums.

Mississippi renters insurance: The least and most expensive ZIP codes

Where you live in Mississippi directly affects the cost of your renters insurance. The most expensive ZIP code in Mississippi is 39595, where the average annual premium is $709. This is $305 more than higher than the average rate.

In contrast, the least expensive ZIP code for renters insurance is 39361, offering coverage at $327 a year.

The table below shows the most and least expensive ZIP codes in Mississippi for renters insurance.

Renters insurance cost in Mississippi by city

Renters insurance rates vary widely across cities in Mississippi, driven by factors such as weather risks, crime rates, and other factors. To find the best deal in your city, you should consider these factors and compare quotes from multiple insurers before choosing a policy.

How to save on renters insurance in Mississippi

You can lower the cost of renters insurance in Mississippi in several simple ways without reducing the coverage you need:

• Bundle your policies. Many insurers give a discount when you purchase renters and auto insurance together.
• Increase your deductible. Selecting a higher deductible lowers your monthly or yearly premium, but you should make sure you can afford it.
• Ask about discounts. Many insurance companies offer discounts for having smoke alarms, security systems, or a claims-free history.
• Compare quotes. Since prices vary widely between companies, getting quotes from multiple insurers helps you find the best deal.
• Pay annually. Some insurers provide a small discount if you make yearly payment instead of paying monthly.