Mississippi Car Insurance Rates
Projected insurance rates in Mississippi for 2019 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:
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.
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.
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Recommended Companies for Cheap Mississippi Insurance
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.
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.
|Make and Model||Premium||% to Avg|
|Get Rates for Your Vehicle Quote Now|
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.
|Rank||Company||Market Share||Average Rate|
|2||Southern Farm Bureau||11.90%||$1,422|
|Get Your Rates Quote Now|
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
- Cheapest Mississippi Car Insurance
- Cheap Insurance for a Honda CR-V in Mississippi
- Cheap Insurance Quotes for a Ford Escape in Mississippi
- Who Has the Cheapest Insurance Quotes for a Nissan Sentra in Mississippi?
- Best Cheap Car Insurance Quotes for 16 Year Olds in Mississippi
- Who Has the Cheapest Insurance for a Ford Fusion in Mississippi?
- Cheapest Insurance for a Toyota Tundra in Mississippi
- Who Has Cheap Car Insurance Quotes for Teenagers in Mississippi?
- Best Cheap Insurance Quotes for a Ford Explorer in Mississippi
- Best Cheap Insurance Quotes for a Toyota RAV4 in Mississippi
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Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$126|
|5-yr Claim Free||$108|
|Paid in Full/EFT||$79|
Discounts are estimated and may not be available from every company or in every state.