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Mississippi

Mississippi Car Insurance Rates


Mississippi state car insurance rates are highest along the Mississippi River and lowest on the eastern side of the state. Every town is mapped out below, with comparable rates that show you just how much difference there is between insurance companies.

Mississippi car insurance requirements

Mississippi state law requires the following minimum car insurance coverage:
Minimum bodily injury liability $25,000/$50,000
Minimum property damage liability $25,000

Mississippi Car Insurance Rates by ZIP Code & City

To learn more about the most and least expensive cities for car insurance, click the link below.
Top Cities
Car insurance rate comparison >
Priciest Neighborhoods
In Mississippi
  • 39096: $1,375
    DISTRICT 2 RED LICK
  • 39069: $1,363
    DISTRICT 3 FAYETTE
  • 39668: $1,349
    DISTRICT 1 UNION CHU
  • 39144: $1,348
    DISTRICT 4 HERMANVIL
 
Cheapest Neighborhoods
In Mississippi
  • 39759: $1,063
    DISTRICT 1 ADATON
  • 39762: $1,063
    DISTRICT 3 MABEN
  • 38828: $1,076
    DISTRICT 4 BLUE SPRI
  • 38824: $1,076
    DISTRICT 1 GUNTOWN


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What you need to know about car insurance in Mississippi

Penny Gusner
CarInsurance.com
Consumer Analyst

Mississippi has more uninsured drivers than any other state, according to the Insurance Research Council, with 28 percent of its motorists going without coverage.

If you are one of the 72 percent of Mississippi drivers who carry the required liability insurance, you should also consider uninsured motorist  coverage as part of your policy. Your insurance company is required to offer it to you, but you can reject it. We don't think you should, especially if you do not have health insurance of your own.

Your insurance company also must offer you uninsured motorist property damage, but you can reject it.

We think collision coverage is a better buy than uninsured motorist property damage because it covers your car no matter who is at fault for the damage. It's more expensive but probably worth the cost for a car you can't afford to replace.

You shouldn't skip comprehensive coverage. Mississippi is especially susceptible to floods, tornados and hurricanes, and only comprehensive coverage will pay for the damage they inflict.

Insurance not needed for registration: Proof of auto insurance isn't required when registering a vehicle, but Mississippi's compulsory auto liability insurance law does require an insurance card showing required coverages are in place to be in the vehicle at all times.

Alternatives to insurance: Instead of a obtaining a car insurance policy, you legally satisfy Mississippi law by posting a bond, or making a cash or security deposit in an amount equal to the minimum insurance requirements.

Safety inspections: Mississippi is one of the few states still requiring an annual safety inspection. An inspection and windshield sticker costs $5.

Uninsured motorist penalties for Mississippi: You may be fined $500 and your license may be suspended.

Largest car insurance companies for Mississippi by market share

Rank Company / Group Direct Premiums Written ($) Market Share (%)
1 State Farm Group 391,831 26.02
2 Southern Farm Bureau Cas Group 188,602 12.53
3 Progressive Insurance Group 148,752 9.88
4 Allstate Insurance Group 144,807 9.62
5 Berkshire Hathaway Insurance 85,090 5.65
6 Nationwide Group 82,967 5.51
7 USAA Group 69,650 4.63
8 Alfa Insurance Group 55,223 3.67
9 Liberty Mutual Insurance Companies 54,922 3.65
10 Shelter Insurance Companies 39,990 2.66
Source: A.M. Best market share Rankings are based on direct premiums written in 2013.