Table of Contents
- Mississippi Auto Insurance Costs by Insurer
- Mississippi Auto Insurance Premiums by Driver Age
- Mississippi Car Insurance Premiums by Gender and Marital Status
- Mississippi Insurance Rates After A Violation or Accident
- Mississippi Auto Insurance Premiums by Credit Tier
- Expensive Mississippi Cities
- Cheaper Mississippi Cities
- List of Insurance Companies in Mississippi
- No-Fault Insurance in Mississippi Information
When shopping for car insurance in Mississippi, note that prices can fluctuate dramatically from one insurer to the next, based on factors such as your age, driving history, and credit score. Do a little research to determine what companies offer the best discounts and rates.
Mississippi Auto Insurance Costs by Insurer
Drivers in Mississippi must have minimum car insurance coverage, which includes liability insurance. If you cause an accident, this coverage pays for the victims' injuries and property damage, up to your limit. The minimum limits include the following:
- $25,000 bodily injury liability for each person
- $50,000 bodily injury liability for each accident
- $25,000 property damage liability for each accident
It's recommended that you purchase more than the legal minimum because a crash could result in bills higher than the minimum amounts listed. You might also want to consider adding comprehensive, collision, and uninsured motorist coverage.
Vehicles that are used as collateral for a loan must still maintain the minimum coverage amount, and typically the loan companies will require you to carry collision and comprehensive coverage.
According to ValuePenguin, one of the top car insurance companies in the state is State Farm with $492 annually for minimum coverage and $1343 annually for full coverage. The top 10 companies in Mississippi and their average annual rates for full coverage include the following:
- Travelers: $1010
- USAA: $1087
- Dairyland: $1164
- State Farm: $1347
- Nationwide: $1350
- Mississippi Farm Bureau: $1396
- Safeco: $1658
- ALFA: $1800
- Safe Auto: $2160
- Allstate: $2548
Mississippi Auto Insurance Premiums by Driver Age
Drivers between the age of 16 and 25 tend to pay high car insurance rates. According to The Zebra, those aged 16 to 19 pay the most expensive premiums of all, about three times the national average, because of the risk as inexperienced drivers. The typical Mississippi teen pays $5385 annually, which is slightly higher than the national average. Teens should expect to pay the average annual rates when included on their parent's plan versus alone:
- 16: $4030 on parents' plan and $8989 alone
- 17: $3826 on parents' plan and $8053 alone
- 18: $3738 on parents' plan and $6717 alone
- 19: $3326 on parents' plan and $4407 alone
Once you reach your 20s, rates lower drastically:
- 20s: $2421
- 30s: $1758
- 40s: $1594
- 50s: $1497
- 60s: $1496
- 70s: $1771
Mississippi Car Insurance Premiums by Gender and Marital Status
In Mississippi, gender and marital status play a small role in determining auto insurance costs. According to The Zebra, males tend to pay slightly higher rates:
- Male: $1798
- Female: $1752
Your marital status also contributes as insurers typically give better rates to married couples. The Zebra states that married couples save $154 annual on their premiums, which is higher than the national average of $76. In Mississippi, auto insurance for divorced drivers is the seventh most expensive in the country.
- Single: $1798
- Married: $1644
- Divorced: $1755
- Widowed: $1719
Mississippi Insurance Rates After a Violation or Accident
Mississippi drivers with a clean driving record benefit from cheaper car insurance rates. The more offenses you're involved in, the more expensive your rates become. The Zebra states that premiums typically increase by 31 percent after a DUI, 28 percent after an at-fault accident, and 17 percent after a speeding ticket. The average annual car insurance rates for violations or accidents include the following:
- At-fault accident: $2531
- DUI: $2609
- Speeding violation: $2174
If you're unable to purchase car insurance through the traditional market because of DUIs or a poor driving history, you might qualify for coverage through the Mississippi Automobile Insurance Plan.
Mississippi Auto Insurance Premiums by Credit Tier
Your credit score plays a role in determining car insurance costs. If you have poor credit, insurers might charge you higher rates as data shows that those with better credit are oftentimes more dependable customers. The Zebra states that you should expect to pay the following average annual amounts based on your credit score:
- Very Poor (300-579): $3410
- Fair (580-669): $2816
- Good (670-739): $2306
- Very Good (740-799): $1883
- Exceptional (800-850): $1556
Expensive Mississippi Cities
Car insurance prices can vary based on where you live. According to WalletHub, drivers in the more expensive locations in Mississippi spend more than $600 annually on insurance compared to those living in the least expensive areas. Some of the more expensive cities for insurance include the following:
- Jackson
- Clarksdale
- Clinton
- Gulfport
- Biloxi
Cheaper Mississippi Cities
Conversely, if you live in an area that has a low population density and less risk of theft, you might find your rates are lower. The least expensive Mississippi cities for insurance include the following:
- Tupelo
- Columbus
- Laurel
- Hattiesburg
- Meridian
List of Insurance Companies in Mississippi
When shopping for car insurance in Mississippi, you should obtain quotes from both national and local companies. You might also find that certain insurers offer additional discounts.
Local companies include Erie Insurance, Farm Bureau Insurance, Alfa Insurance, while the national companies include State Farm, Nationwide, and GEICO.
Active members of the military or veterans, as well as their immediate family members, can qualify for relatively inexpensive rates through USAA. It's not available to the general public, though.
No-Fault Insurance in Mississippi Information
Mississippi is not a no-fault insurance state, which means that the driver who causes the accident is responsible for the bills associated with the collision. The police and insurance companies look at the evidence from the accident to determine who is liable for the costs. Depending on the type of add-on coverage the at-fault driver carries, their own damages and medical costs might be covered.
The costs for car insurance in Mississippi are based on more than just driving habits and claims history. Insurers consider your age, credit history, marital status, and more when determining premiums. Do a little research to find a company that works best for your needs without cutting back on coverage limits.
Sources:
https://www.valuepenguin.com/best-cheap-car-insurance-mississippi
https://www.thezebra.com/auto-insurance/mississippi-car-insurance/#cheap-car-insurance
https://www.thezebra.com/auto-insurance/mississippi-car-insurance/ms-average-cost-of-auto-insurance/
https://wallethub.com/cheap-car-insurance/mississippi
https://www.caranddriver.com/car-insurance/a32620239/how-much-is-car-insurance-for-a-16-year-old/
https://www.caranddriver.com/car-insurance/a31756595/how-to-get-car-insurance-quotes/
