Find Cheaper Mississippi Car Insurance Rates in 2024

Enter your Mississippi zip code below to view companies that have cheap auto insurance rates.

Projected insurance rates in Mississippi for 2024 are $1,684 every 12 months for full coverage. Comprehensive insurance, collision insurance, and liability cost an estimated $374, $684, and $436, respectively. Natchez, Clarksdale, and Jackson average the highest rates, and the three most popular companies in Mississippi are State Farm, Southern Farm Bureau, and Allstate.

Average rate for full coverage: $1,684

Rate estimates broken down by individual coverage type:

Comprehensive $374
Collision $684
Liability $436

40-year-old driver, full coverage with $500 deductibles, and good driving record

Cost of Car Insurance in Mississippi

For a 40-year-old driver, Mississippi insurance rates range from as low as $516 for just liability insurance to a high of $3,640 for high-risk insurance.

Liability Only $516
Full Coverage $1,684
High Risk $3,640

These price differences show why it is important to compare rates quotes for a targeted area and risk profile, instead of depending on average rates.

Use the form below to get accurate rates for your location.

Enter your Mississippi zip code below to view companies that have cheap auto insurance rates.

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Mississippi car insurance rate comparison chart
Column chart showing Mississippi car insurance prices range from $966 to $6,194 for full coverage

Chart shows Mississippi car insurance rates for various risk profiles and scenarios. The cheapest discount rate is $966. Mississippi drivers who use higher $1,000 deductibles will pay around $1,444. The average rate for a driver around age 40 using $500 deductibles is $1,684. Choosing low $100 deductibles for comprehensive and collision insurance will cost more, up to $2,154. Drivers with multiple violations and accidents could be charged around $3,640. The cost for full coverage for a teenage driver can climb as high as $6,194.

Insurance prices in Mississippi also range considerably based on your risk profile, the type of vehicle you drive, and liability limits and deductibles.

The city you live in also has a big influence on auto insurance prices. Areas with less crime and congestion might see rates around $1,300 a year, while some neighborhoods in Natchez and Clarksdale may see rates upwards of $2,100. Even areas within the same city can have large rate differences.

These price discrepancies highlight the importance of getting rates for your specific Mississippi zip code.

View Chart as Image

Mississippi insurance rates by city

The type of vehicle you drive is a primary factor in determining the price you pay for auto insurance coverage in Mississippi. Buying a lower-cost and lower-performance vehicle will cost less to insure due to cheaper repair costs and reduced frequency of accidents. The table below shows car insurance premium estimates for the top vehicles that are insured in Mississippi.

Mississippi Auto Insurance Rates for Popular Vehicles
Make and Model Premium % to Avg
Chevrolet Silverado $1,780 5.4%
Dodge Ram $1,828 7.9%
Ford Escape $1,402 -20.1%
Ford Focus $1,630 -3.3%
Ford Fusion $1,786 5.7%
Ford F-150 $1,584 -6.3%
GMC Acadia $1,550 -8.6%
GMC Sierra $1,750 3.8%
Honda Accord $1,572 -7.1%
Honda Civic $1,842 8.6%
Honda CR-V $1,366 -23.3%
Honda Pilot $1,600 -5.3%
Hyundai Sonata $1,708 1.4%
Kia Optima $1,742 3.3%
Nissan Altima $1,734 2.9%
Nissan Rogue $1,692 0.5%
Toyota Camry $1,716 1.9%
Toyota Corolla $1,678 -0.4%
Toyota Prius $1,564 -7.7%
Toyota RAV4 $1,588 -6%
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Annual estimated premium for full coverage, $500 deductibles, driver age 40 with clean driving record.
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Older drivers with no violations or accidents and high deductibles may pay as low as $1,600 every 12 months on average, or $133 per month, for full coverage. Rates are much higher for teenagers, where even good drivers should be prepared to pay at least $6,100 a year. View Rates by Age

If you have a few points on your driving record or tend to cause accidents, you could be paying $2,000 to $2,700 additional every year, depending on your age. A high-risk auto insurance policy is expensive and can cost from 44% to 133% more than a normal policy. View High Risk Driver Rates

Your choice of car insurance company obviously has an impact on price. Each company has their own rate formula, and prices can change depending on individual risk factors.

In Mississippi, auto insurance prices range from $823 with USAA to as high as $3,943 with Safeco. Other companies like Travelers, Unitrin, and Direct General are neither the lowest or highest. That is probably not the rates you would pay, as your motor vehicle report, your vehicle make and model, and your Mississippi zip code have to be considered.

Mississippi Auto Insurance Companies by Market Share and Average Rate
Rank Company Market Share Average Rate
1 State Farm 26.75% $1,436
2 Southern Farm Bureau 11.90% $1,422
3 Allstate 9.48% $2,618
4 Progressive 8.90% $1,612
5 Nationwide 5.95% $1,540
6 Geico 5.69% $1,791
7 Liberty Mutual 4.78% $2,940
8 USAA 4.63% $823
9 Alfa Insurance 3.64% $1,364
10 Shelter Insurance 2.82% $1,458
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Source: National Association of Insurance Commissioners (NAIC) 2015 Market Share Report and The Zebra

Using high physical damage deductibles can reduce rates by up to $710 annually, while buying higher liability limits will increase premiums. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $393 more each year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the only way to know who has the cheapest car insurance rates is to get quotes from multiple companies. Every auto insurance company uses a different method to calculate rates, and rates will be varied from one company to the next.

Mississippi Auto Insurance Articles

Rates by Driver Age

Mississippi Insurance Rates by Driver Age
Driver Age Premium
16 $6,194
20 $3,886
30 $1,762
40 $1,684
50 $1,538
60 $1,508

Full coverage, $500 deductibles

Rates by Deductible

Mississippi Car Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,154
$250 $1,934
$500 $1,684
$1,000 $1,444

Full coverage, driver age 40

Rates by Liability Limit

Mississippi Car Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,684
50/100 $1,771
100/300 $1,880
250/500 $2,164
100 CSL $1,815
300 CSL $2,055
500 CSL $2,229

Full coverage, driver age 40

Rates for High Risk Drivers

Mississippi Car Insurance Rates for High Risk Drivers
Age Premium
16 $8,850
20 $6,174
30 $3,724
40 $3,640
50 $3,470
60 $3,438

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $233

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $90
Multi-vehicle $87
Homeowner $24
5-yr Accident Free $126
5-yr Claim Free $108
Paid in Full/EFT $79
Advance Quote $84
Online Quote $120
Total Discounts $718
Rate after discounts $966

Discounts are estimated and may not be available from every company or in every state.

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