Best renters insurance companies in Mississippi

When choosing the best renters insurance company in Mississippi, make sure you’re comparing on more than just price. We’ve compared quotes, coverage options and J.D. Power scores from all the major insurers in Mississippi. Below is our list of best renters insurance companies in Mississippi based on that analysis, with our score out of five. Note that USAA only offers coverage to military families.

CompanyAverage rating(out of 5)
Nationwide4
Farmers3.5
State Farm3.5
USAA3.5
Allstate2.5
Travelers2.5

Compare the best renters insurance companies in Mississippi

Comparing quotes from multiple insurance carriers is one way to ensure you will get your money’s worth. There can be big differences in price between different renters insurance providers, so it pays to shop around. Ensure you buy from a company offering affordable renters insurance and consistent customer service.

To simplify your task, we have compared the carriers for Mississippi residents based on their average rates and ratings from J.D. Power. Among the carriers surveyed, Nationwide is the best renters insurance company in Mississippi. It earned 852 out of 1000 from J.D. Power and has an average renters insurance rate of $291.

The table below offers a detailed comparison of renters insurance companies in Mississippi.

CompanyJ.D. Power ScoreAverage Annual PremiumAM Best Ratings
Nationwide852$291A+
State Farm844$406A++
USAA894$140A++
Farmers842$353A
Allstate835$769A+
Travelers835$917A++

How much is renters insurance in Mississippi

Mississippi residents pay an average of $394 a year for renters insurance, and the average monthly cost is $33. That’s for a policy with personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.

What you pay for renters insurance will not be the same as a neighbor’s price because it depends on factors specific to each person: the property you want to insure, extra coverage options you add, and the deductible amount you choose.

“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.”

Average Annual PremiumAverage Monthly Premium
$394$33

Most expensive ZIP codes in Mississippi for renters insurance

Several factors affect your renters insurance coverage cost in Mississippi, including your location and the coverage you buy. The most expensive ZIP code in Mississippi for renters insurance is 39595, where the average annual rate is $761 which is $367 more than the state average insurance premium.

The following table lists the most expensive ZIP codes in Mississippi for renters insurance.

ZIP codeAverage Annual Rate
39595$761
39581$750
39558$747
39555$746
39567$737
39564$726
39530$725
39534$724
39531$723
39553$722

Least expensive ZIP codes in Mississippi for renters insurance

Renters insurance rates in Mississippi are cheaper in some areas. Based on a rate analysis by Insurance.com, the least expensive ZIP code for renters insurance in Mississippi is 39361, and its average annual rate is $316.

Below, you’ll find the least expensive ZIP codes for renters insurance, along with their average annual rates.

ZIP codeAverage Annual Rate
39361$316
39162$319
39354$321
38923$322
39323$323
39309$324
38957$325
39767$326
38920$327
39177$328

Compare renters insurance rates by city in Mississippi

Renters insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on renters insurance for your specific city in Mississippi.

CityAnnual insurance premium
Biloxi
$712
Greenville
$366
Gulfport
$704
Hattiesburg
$379
Jackson
$403
Madison
$347
Meridian
$344
Olive Branch
$341
Southaven
$340
Tupelo
$336

Cheap renters insurance in Mississippi by company

There are a lot of companies offering renters insurance in Mississippi. Among the carriers surveyed by Insurance.com, USAA is the cheapest renters insurance company in Mississippi; its average annual premium is $140.

Renters insurance prices can vary drastically between companies. That’s why it is important to compare rates and see which company offers the best deal to get coverage at an affordable price.

Below are the best cheap renters insurance companies in Mississippi and their average annual premiums.

Company NameAverage Annual Premium
USAA$140
Nationwide$291
Southern Farm Bureau$312
Farmers$353
State Farm$406
Allstate$769
Travelers$917

Insurance.com compared renters insurance rates in 2022 provided by Quadrant Data Solutions for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. Content was updated in 2023.

Tip icon You might also be interested in