Best Car Insurance in Mississippi for 2024 | Bankrate (2024)

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Best Car Insurance in Mississippi for 2024 | Bankrate (1)Written by

Mary Van Keuren

Mary Van Keuren

Best Car Insurance in Mississippi for 2024 | Bankrate (2)Edited by

Amelia Buckley

Amelia Buckley

Best Car Insurance in Mississippi for 2024 | Bankrate (3)Edited by

Amelia Buckley

Amelia Buckley

Updated Apr 11, 2024

The best car insurance companies in Mississippi include USAA, Progressive, State Farm, Nationwide and Allstate.

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Best Car Insurance in Mississippi for 2024 | Bankrate (4)

Best Car Insurance in Mississippi for 2024 | Bankrate (5)

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Best car insurance companies in Mississippi

Bankrate has access to exclusive average premium data from analytics company Quadrant Information Services, and based on our research, the average full coverage premium in Mississippi is $2,095 per year; the annual minimum coverage premium is $500. However, car insurance companies in Mississippi can use more than a dozen rating factors to calculate your rate. As such, you could be paying more or less than the average. Still, you might use this information as a touchstone when requesting quotes.

Price is important, but it’s not the only consideration when looking for a company you can trust. To round out our search, we also reviewed third-party customer service scores reported by the J.D. Power 2023 U.S. Auto Insurance Study, complaints lodged with the National Association of Insurance Commissioners (NAIC) and more. After our in-depth study, we found USAA, Progressive, State Farm, Nationwide and Allstate could be the best in Mississippi, depending on your needs.

Insurance company

Bankrate Score

Average full coverage rateAverage min coverage rate

USAA

4.2

Rating: 4.2 stars out of 5

$1,755

$379

Progressive

4.4

Rating: 4.4 stars out of 5

$2,051

$462

State Farm

4.3

Rating: 4.3 stars out of 5

$1,872

$353

Nationwide

4.0

Rating: 4 stars out of 5

$2,001

$590

Allstate

3.9

Rating: 3.9 stars out of 5

$2,807

$601

Auto insurance rates are known to fluctuate frequently, but you can rely on Bankrate to offer you the latest options available.

Rates refreshed as of Apr 2024

Read our full methodology

USAA

Avg. full coverage premium

$146/mo

Avg. full coverage premium

$1,755/yr

Customer satisfaction

876/1,000

  • Why USAA made our list:Although USAA has strict eligibility requirements (coverage is only available to active-duty military,veteransand qualifying family members), Mississippi hasseveral military bases and installations. This could make USAA a contender for the best car insurance company for many drivers in the state. USAA offers unique military-focused benefits and options you might not find with other companies, including a discount for garaging your vehicle on base, and savings for putting your car in storage (which could come in handy during deployment). USAA also generally provides low average rates and consistently earns high third-party customer satisfaction scores.

    Read fullUSAA Insurance review

  • Pros

    • While USAA is not officially ranked by J.D. Power because of its eligibility requirements, the company earned the top customer satisfaction score during the 2023 U.S. Auto Insurance Study
    • USAA members also have access to exclusive discounts for travel, car maintenance services, tax preparation software and more

    Cons

    • Not all drivers will qualify
    • No brick-and-mortar agencies for insurance, must do business over the phone or online
  • Because of its unique benefits, cheap premiums and top-notch customer service, USAA could offer the best car insurance in MS for those who qualify.

Progressive

Best Car Insurance in Mississippi for 2024 | Bankrate (10)Best Car Insurance in Mississippi for 2024 | Bankrate (11)

4.4

4.4

Rating: 4.4 stars out of 5

Bankrate score

Read Progressive reviewGet a custom quote

Avg. full coverage premium

$171/mo

Avg. full coverage premium

$2,051/yr

Customer satisfaction

836/1,000

  • Why Progressive made our list:Progressive is a forerunner in the industry when it comes to tech. The company’s Name Your Price Tool allows online shoppers to key in their desired budget, and the website will tailor a coverage package that meets (or comes close to meeting) that driver’s budget. Progressive was also among the first companies to embracetelematicsthrough its Snapshot program (available to Mississippi drivers). Tech-savvy drivers may also enjoy Progressive’s highly-rated mobile app, where you can buy your policy, download digital ID cards, make payments, make policy changes and more.

    Read fullProgressive Insurance review

  • Pros

    • Can do business over the phone, in an agency, via mobile app or by using Progressive’s online policy portal
    • Gap insurance is available

    Cons

    • Progressive’s average minimum coverage premium is higher than the state average
    • Rates may differ between online and agency quotes
  • Progressive’s Name Your Price tool might appeal to drivers new to insurance or those looking for budget-friendly coverage options.

State Farm

Best Car Insurance in Mississippi for 2024 | Bankrate (12)Best Car Insurance in Mississippi for 2024 | Bankrate (13)

4.3

4.3

Rating: 4.3 stars out of 5

Bankrate score

Read State Farm reviewGet a custom quote

Avg. full coverage premium

$156/mo

Avg. full coverage premium

$1,872/yr

Customer satisfaction

847/1,000

  • Why State Farm made our list:Out of all the Mississippi auto insurance companies we evaluated, State Farm was among the cheapest for both minimum and full coverage policies. Based on average full coverage premiums from Quadrant Information Services, State Farm is also 15 percent less for Mississippi drivers with a speeding ticketthan the state speeding ticket average. The company’s generally affordable average rates for a broad segment of drivers is one of the reasons why we named State Farm the best auto insurance company for high-risk drivers in the2023 Bankrate Awards.

    Read fullState Farm Insurance review

  • Pros

    • Wide network of exclusive local agencies spread throughout Mississippi
    • Sells many lines of insurance, which could be beneficial for bundling

    Cons

    • Accident forgiveness is not available for purchase
    • No live chat
  • State Farm could be an excellent choice for budget-conscious drivers who enjoy the personal touch that a local agent can provide.

Nationwide

Best Car Insurance in Mississippi for 2024 | Bankrate (14)Best Car Insurance in Mississippi for 2024 | Bankrate (15)

4

4

Rating: 4 stars out of 5

Bankrate score

Read Nationwide reviewGet a custom quote

Avg. full coverage premium

$167/mo

Avg. full coverage premium

$2,001/yr

Customer satisfaction

834/1,000

  • Why Nationwide made our list:Nationwide offers not one but two telematics options — SmartRide and SmartMiles.SmartRideis a more traditional telematics program that can offer savings for safe drivers if they agree to plug a tracking device into their vehicles. Nationwide policyholders can save up to 10 percent just by signing up for SmartRide. With the company’spay-per-mileSmartMiles program, your monthly rate fluctuates based on how much you drive, which could lead to significant savings if you put fewer miles than average on your vehicle.

    Read fullNationwide Insurance review

  • Pros

    • Nationwide offers a periodic policy review (called the On Your Side Review) at no additional charge. This benefit can ensure that you’re paying the most competitive rate possible and carrying the coverage options that make the most sense for your situation.
    • Plenty of discount opportunities that could lower your premium

    Cons

    • Not the cheapest company on this list
    • No 24/7 customer service
  • Mississippians interested in paying rates based on the number of miles they drive each month (or their overall driving habits) might want to explore Nationwide’s telematic options.

Allstate

Best Car Insurance in Mississippi for 2024 | Bankrate (16)Best Car Insurance in Mississippi for 2024 | Bankrate (17)

3.9

3.9

Rating: 3.9 stars out of 5

Bankrate score

Read Allstate reviewGet a custom quote

Avg. full coverage premium

$234/mo

Avg. full coverage premium

$2,807/yr

Customer satisfaction

832/1,000

  • Why Allstate made our list:Allstate’s average premiums are much higher than the state average, but it may still offer the best car insurance in Mississippi when it comes to coverage add-ons. Outside of the typical options you’d expect, Allstate offers a robustvehicle protection planfor eligible vehicles. Drivers might add Extended Vehicle Care, which acts like an extended warranty. Excess Wear & Tear coverage is also available, which could cover lease fees associated with minor vehicle damage when you turn your car back into the dealership.

    Read fullAllstate Insurance review

  • Pros

    • Live chat is available, along with a highly-rated mobile app
    • 24/7 customer service

    Cons

    • Allstate’s average rates are much higher than the Mississippi average
    • Scored below the region average for customer satisfaction in the most recent J.D. Power survey
  • Drivers who are less concerned with price and would rather spend more to have the peace of mind a robust car insurance policy can provide might find Allstate the company for them.

How Bankrate chose the best car insurance companies in Mississippi

To help you choose the best car insurance for your needs, Bankrate took a close look at average rates provided by Quadrant Information Services. We also looked at other factors that may be important to you, such as the number of available discounts and the quality of a company's customer service. Taking these and other factors into consideration, we developed a rating method called the Bankrate Score.

Each company we review earns a Bankrate Score between 0.0 and 5.0, with higher numbers indicating a company that excels across all parameters, from digital availability to affordable rates. You can use the Bankrate Scores to help you evaluate the companies you are considering when shopping for car insurance.

Why you can trust Bankrate

Read our full methodology

To help Mississippi drivers find the best car insurance, Bankrate’s insurance editorial team reviewed some of the largest insurers by market share. We based our picks on a well-rounded analysis of several metrics related to each company.

46

years of industry expertise

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

How to find the best car insurance in Mississippi

As you begin the process of gathering quotes for your car insurance in Mississippi, there are a few considerations you may want to keep in mind. It's worth taking the time to think about your priorities when looking for the policy that meets your needs best.

New

News that affects Mississippi drivers

According to the Insurance Information Institute (Triple-I), nearly 30 percent of Mississippi drivers are uninsured, the highest rate of any state. To protect yourself financially if you’re involved in an accident caused by an uninsured driver, consider adding uninsured/underinsured motorist coverage to your insurance policy. This optional coverage pays for damage and medical costs, up to your policy limit, if you're hit by an uninsured motorist.

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This advertisem*nt is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisem*nt are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisem*nt. All offers are subject to additional terms and conditions.

Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

How much is car insurance in Mississippi?

The average cost of auto insurance in Mississippi is $2,095 annually for full coverage, while minimum coverage costs an average of $500 a year. These averages are well below the national averages, which work out to $644 for minimum and $2,314 for full coverage. These rates are not far from neighboring states such as Alabama, which has averages of $2,116 and $514. Louisiana, on the other hand, has much higher rates: $3,625 for full coverage and $956 for minimum. This may be partly because of the state's reputation for violent weather.

CityAvg. annual full coverage premiumAvg. savings vs. state average

Auto insurance rates are known to fluctuate frequently, but you can rely on Bankrate to offer you the latest options available.

Rates refreshed as of Apr 2024

Read our full methodology

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The best way to know what you'll truly pay for auto coverage is to compare personalized quotes. If you're curious about other carriers but aren't ready to compare quotes, consider our rate calculator tool below to get a more personalized estimate of what you might pay for coverage.

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This advertisem*nt is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisem*nt are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisem*nt. All offers are subject to additional terms and conditions.

Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Powered by Coverage.com (NPN: 19966249)

Advertising disclosure

This advertisem*nt is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisem*nt are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisem*nt. All offers are subject to additional terms and conditions.

Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze the latest rates in April 2024 for ZIP codes and carriers in all 50 states and Washington, D.C. Rates include the most recent approved rate changes filed by insurance companies that affect our profile. These revised rates are then weighted based on the population density in each geographic region so that policyholders can see the impact rates have in their areas. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

46

years of industry expertise

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

Best Car Insurance in Mississippi for 2024 | Bankrate (23)

Written by

Mary Van Keuren

Contributor, Insurance

  • Email

Read more from Mary

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Best Car Insurance in Mississippi for 2024 | Bankrate (24)

Edited by

Amelia Buckley

Amelia Buckley

Editor, Insurance

Best Car Insurance in Mississippi for 2024 | Bankrate (2024)
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