In a Nutshell
The average cost of car insurance in Mississippi varies based on individual circumstances such as credit score, age, driving history and vehicle. We’ve crunched the data for several different driver profiles and found some of the lowest-cost insurers for those in the Magnolia State.Note from our editor: Maybe you’re searching for car insurance for the first time or want to do some insurance shopping to help lower your monthly premium? This article can serve as a starting point for your car insurance research. There are a lot of factors when it comes to the cost of car insurance, so while you may not see the exact premiums we’ve researched, they can give you an idea of some of the insurers offering the cheapest rates in your state.
The birthplace of the delta blues offers plenty of places for road warriors to explore. But could you be saving money on car insurance?
We looked at estimated car insurance rates from several different insurance companies in Mississippi and calculated average cost, as well as insurers offering the cheapest estimated rates for a number of driver needs and profiles.
We based these calculations on a minimum-coverage policy and a relatively neutral driver profile to evenly compare and get a baseline view of insurers’ rates (see our full methodology). The rates you get may be higher or lower given your driving history and other factors that affect car insurance, like your age, vehicle type, mileage and coverage options. We used a standard profile with no accidents, tickets or claims for our calculations.
Learn about Mississippi’s average car insurance rates and our findings for the cheapest options.
- Cost of car insurance in Mississippi
- 5 cheapest car insurance companies in Mississippi
- Cheapest state-minimum car insurance in Mississippi
- Cheapest car insurance for good credit in Mississippi
- Cheapest car insurance for poor credit in Mississippi
- Cheapest car insurance for drivers with multiple claims in Mississippi
- Cheapest car insurance for young drivers in Mississippi
- Mississippi auto insurance requirements
- Is usage-based insurance available in Mississippi?
- FAQs about the cheapest car insurance rates in Mississippi
- Methodology
Cost of car insurance in Mississippi
Average monthly premiums for car insurance in Mississippi range from just under $50 up to nearly $100, depending on type of coverage and driver profile.
Average monthly auto insurance premiums in Mississippi
| Driver or coverage | Avg. monthly cost |
|---|---|
| State-minimum car insurance in Mississippi | $47.42 |
| Drivers with poor credit in Mississippi | $66.83 |
| Drivers with multiple claims in Mississippi | $107.15 |
| Young drivers in Mississippi | $90.77 |
5 cheapest car insurance companies in Mississippi
We’ve calculated rates based on a specific Mississippi driver profile, as detailed in our methodology, to assess insurers evenly and get the best sense of costs for an average driver — so your rates could differ. Unless otherwise noted, characteristics include 680 to 719 credit scores, age 36 to 45, no tickets or coverage gaps, and a $20,000 to $30,000 car value. Additionally, the calculations we made were for minimum car insurance coverage.
1. Direct General Insurance
Direct General, which does business as Direct Auto Insurance, offers standard coverage options and optional add-ons like collision, comprehensive, uninsured motorist, rental reimbursement and medical payments coverage. It also offers a robust list of discount opportunities, including military discounts, safe driver discounts and good student discounts. Read reviews of Direct General to learn more.
2. Safeway
Insuring drivers for more than 50 years, Safeway provides insurance to those without perfect driving records and may be able to provide insurance to those who haven’t had insurance in the past. Safeway offers coverage for vehicle repairs and medical expenses and ensures you comply with state laws. Customers can work with local agents to customize their policies.
3. Geico
Geico offers a wide range of coverage options and many opportunities to save money for safe driving habits, safety equipment and customer loyalty. Its mobile app allows users to manage their policies, pay bills, request roadside assistance and more. Read reviews of Geico to learn more.
4. State Farm
State Farm is one of the largest auto insurers in the U.S., with thousands of local agents nationwide. In addition to standard auto insurance coverages like liability, comprehensive and collision, State Farm offers optional coverages, such as emergency roadside service and rideshare insurance. State Farm offers numerous discounts, including discounts for safe driving and bundling. Read reviews of State Farm to learn more.
5. Mississippi Farm Bureau
Based in Jackson, Mississippi, this insurance provider emphasizes the locality of its agents and origins. Mississippi Farm Bureau provides basic car insurance coverages like liability, medical expense coverage, uninsured/underinsured motorist coverage, collision and more.
Cheapest state-minimum car insurance in Mississippi
Mississippi requires a minimum 25/50/25 liability policy for drivers. This is considered the state minimum and is probably the lowest-cost coverage option.
These companies offer the cheapest car insurance in Mississippi for drivers looking for state-minimum coverage only.
5 cheapest car insurance companies in Mississippi for state-minimum coverage
| 1 | Direct General Insurance | $23.42/month |
| 2 | Geico | $34.25/month |
| 3 | Safeway | $37.81/month |
| 4 | Mississippi Farm Bureau | $39.46/month |
| 5 | State Farm | $39.83/month |
Cheapest car insurance for good credit in Mississippi
Individuals with good credit typically pay less for car insurance than drivers with poor credit.
These companies offer the cheapest car insurance rates for drivers with good credit.
5 cheapest car insurance companies in Mississippi for those with good credit
| 1 | Direct General Insurance | $21.83/month |
| 2 | State Farm | $25.06/month |
| 3 | Safeway | $34.25/month |
| 4 | Mississippi Farm Bureau | $35.17/month |
| 5 | Geico | $35.28/month |
Cheapest car insurance for poor credit in Mississippi
Unfortunately, drivers with poor credit will have higher car insurance bills than drivers with good credit. But your credit is just one factor affecting car insurance rates. You can still keep your rates lower by maintaining a safe driving record. The following companies have the lowest estimated rates for drivers with poor credit
5 cheapest car insurance companies in Mississippi for those with poor credit
| 1 | Direct General Insurance | $26.33/month |
| 2 | Safeway | $34.25/month |
| 3 | Geico | $42.11/month |
| 4 | Safe Auto | $45.67/month |
| 5 | Mississippi Farm Bureau | $56.25/month |
Cheapest car insurance for drivers with multiple claims in Mississippi
Your claims history also determines how much you pay for car insurance. In general, drivers with multiple claims will have higher premiums than drivers with just a few or no claims.
These companies have the lowest estimated rates for drivers with multiple claims by insurers.
5 cheapest car insurance companies in Mississippi for multiple claims
| 1 | Direct General Insurance | $57.50/month |
| 2 | Mississippi Farm Bureau | $66.58/month |
| 3 | State Farm | $70.79/month |
| 4 | Safeway | $71.25/month |
| 5 | Travelers | $80.46/month |
Cheapest car insurance for young drivers in Mississippi
Finally, your age can affect how much you pay for car insurance, with younger drivers paying more than those with more experience. Over time, with a safe driving history, your rates should decrease.
The following companies have the lowest estimated rates for young drivers between the ages of 18 and 21.
5 cheapest car insurance companies in Mississippi for young drivers
| 1 | Direct General Insurance | $38.00/month |
| 2 | Geico | $69.44/month |
| 3 | Safeway | $72.17/month |
| 4 | Mississippi Farm Bureau | $72.33/month |
| 5 | Safe Auto | $74.33/month |
Mississippi auto insurance requirements
Mississippi requires $25,000 per person and $50,000 per accident for bodily injury, plus $25,000 per accident for property damage. While the state requires drivers to carry liability insurance, it says you can also satisfy the legal requirements by posting a bond equal to the minimum liability coverage amounts, or by making a cash or security deposit equal to those same amounts.
Is usage-based insurance available in Mississippi?
Usage-based insurance is a type of vehicle insurance that allows customers to pay premiums based on their driving behavior. Some insurance providers may offer UBI programs for Mississippi drivers.
FAQs about the cheapest car insurance rates in Mississippi
Average monthly premiums for car insurance in Mississippi range from just under $50 up to nearly $100, depending on type of coverage and driver profile.
Mississippi requires $25,000 per person and $50,000 per accident for bodily injury, plus $25,000 per accident for property damage. Your lender may require higher liability coverage if you have a car loan or lease.
Mississippi law requires drivers to maintain liability insurance and to be able to provide proof of insurance at all times via either a paper or digital insurance card. Technically, drivers can also satisfy the legal requirements by posting a bond equal to the minimum liability coverage amounts, or by making a cash or security deposit equal to those same amounts.
Methodology
The estimated rates in this article are the lowest estimated rates based on the profile of a driver aged 36 to 45 living in Mississippi. Unless otherwise noted, the rates displayed assume a single driver on the insurance policy with no tickets on their driving record and no claims or coverage lapses. The vehicle used in this estimate is valued between $20,000 and $30,000 and has annual mileage of 12,000 to 15,000. Estimated rates for insurance for good credit apply to scores of 720 or higher. Estimated rates for insurance for poor credit apply to scores from 350 to 579. Estimated rates for young drivers include those aged 18 to 21. Estimated rates for those with multiple claims are calculated based on two claims.
Note that the rates are provided every six months by Quadrant Information Services. Quadrant Information Services doesn’t include all insurance companies in its rate data. These are estimated rates meant only to provide a frame of reference and comparison. Your rates may vary depending on factors such as age, vehicle driving habits, and history.
The average monthly premium for full coverage car insurance includes bodily injury, property damage, uninsured motorist, personal injury protection, collision and comprehensive coverages. The average monthly premium for state-minimum car insurance includes a Mississippi-mandated 25/50/25 insurance policy.