Car insurance premiums start to climb for drivers at around age 65. According to the Centers for Disease Control and Prevention, older drivers have a higher rate of fatal crashes than those aged 35 to 54.
However, seniors in Mississippi can still find affordable car insurance. Our guide provides tips on securing the cheapest rates for seniors in Mississippi and helps save on auto insurance premiums.
- The average car insurance cost for a 65-year-old driver in Mississippi is $1,839 per year for a full coverage policy.
- A 70-year-old driver in Mississippi pays 5% more for full coverage than a 65-year-old driver, based on CarInsurance.com research.
- In Mississippi, a 75-year-old driver pays for a full coverage policy 13% more a 65-year-old driver.
- Shopping around for car insurance in Mississippi – every six months or annually around renewal time can help you get the best rate.
Cheapest car insurance companies for seniors in Mississippi
Here are the most affordable full coverage car insurance rates in Mississippi for drivers of different ages:
- Cheapest for seniors, overall: Nationwide, $104 per month.
- Cheapest for seniors at age 65: Nationwide, $100 per month.
- Cheapest for seniors at age 70: Nationwide, $103 per month.
- Cheapest for seniors at age 75: Nationwide, $109 per month.
Compare cheap car insurance quotes for senior drivers in Mississippi
State minimum car insurance refers to the least amount of coverage that a driver is legally required to have in a particular state. This typically includes liability insurance, which covers bodily injury and property damage to others if you are at fault in an accident. Each state sets its own minimum requirements for coverage limits.
Liability car insurance with limits of 50/100/50 means:
- $50,000 per person for bodily injury
- $100,000 per accident for bodily injury per accident
- $50,000 per accident for property damage
A liability policy covers expenses for injuries and damages you cause to others in an accident, but not your own injuries or vehicle damage.
Full coverage insurance with limits of 100/300/100 includes higher liability limits:
- $100,000 per person for bodily injury
- $300,000 per accident for bodily injury to multiple people
- $100,000 per accident for property damage
Full coverage also typically includes:
- Collision coverage: Pays for damages to your car from a collision.
- Comprehensive coverage: Covers damages to your car from non-collision events (e.g., theft, fire, vandalism).
Full coverage ensures you are covered for a wide range of incidents, both for your liability to others and for your own vehicle’s damage.
Below are the cheapest Mississippi rates the major car insurance companies offer for three different coverage levels: The state minimum, liability-only coverage with limits of 50/100/50 and full coverage car insurance with liability limits of 100/300/100.
Select your age and type of coverage below to see the average annual and monthly rates.
| Company Name | Avg. Annual Premium | Avg. Monthly Premium |
|---|---|---|
- Full coverage: 100/300/100 liability with $500 comprehensive/collision deductible
- Liability only: 50/100/50 liability only
- State minimum: State minimum coverage
Why do car insurance rates increase for senior drivers in Mississippi?
Insurance rates for older drivers tend to increase due to several factors. Statistics suggest that seniors are more likely to be involved in accidents compared to younger drivers, excluding teen drivers, according to the Insurance Institute for Highway Safety.
While older drivers usually have decades of experience under their belt, they often suffer from age-related hearing or vision loss, slower reflexes, side effects from medicines and other health issues that can make driving more difficult.
The CDC reports that drivers older than 70 have a higher rate of crash fatalities per 1,000 crashes than those aged 35-54. NHTSA statistics reveal that in 2020, senior drivers 65 and older were involved in 13% of fatal accidents, up by 26% since 2011.
In addition, seniors are more likely to require medical care, even after a less severe accident, and expensive hospital bills will increase the insurance cost.
“Unfortunately, as we move past middle age, the odds of being more severely injured or dying in a car crash increase significantly,” says Carole Walker, executive director at Rocky Mountain Insurance Association.
“Statistically, older drivers have a higher risk of causing a crash, but an even bigger factor adding to higher car insurance bills are common health problems that make them more prone to being hurt and incurring medical bills – even in low-speed or less serious crashes,” she says.
This leads to higher car insurance costs. CarInsurance.com’s data show that premiums rise for most senior drivers starting in their mid-60s and keep increasing. In Mississippi, a full coverage policy costs an average of $1,839 for a 65-year-old driver, while a 70-year-old driver pays $1,942.
In Mississippi, 70-year-old drivers pay 5% more for full coverage than 65-year-olds and 75-year-olds pay 13% more for a full coverage policy, based on CarInsurance.com data.
Find below the annual average rate increases for senior drivers in Mississippi by age and different coverage limits.
| Age | State minimum | Liability only | Full coverage |
|---|---|---|---|
| 65 | $448 | $617 | $1,839 |
| 70 | $479 | $654 | $1,942 |
| 75 | $550 | $736 | $2,141 |
Coverage types:
- Full coverage: 100/300/100 liability with $500 comprehensive/collision deductible
- Liability only: 50/100/50 liability only
- State minimum: State minimum coverage
Find out how much insurance costs for seniors
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Cheapest car insurance for seniors with tickets in Mississippi
A speeding ticket or other moving violation will increase your insurance premiums regardless of age. Insurers value statistics, and the data show that drivers who have tickets are more likely to be involved in accidents that might lead to claims.
While the increase will vary by the insurance company, according to CarInsurance.com, Mississippi, drivers can expect their rates to go up 36% after a speeding ticket that is 1-29 mph over the limit.
Seniors with a speeding ticket or minor moving violation should expect to pay more for coverage. According to our analysis, the best insurance companies for seniors with tickets are mentioned below.
| Company | Annual rates with 1 speeding ticket | Monthly rates with 1 speeding ticket |
|---|---|---|
| State Farm | $1,742 | $145 |
| Nationwide | $2,026 | $169 |
| Travelers | $2,321 | $193 |
| Shelter Insurance | $2,649 | $221 |
| Progressive | $2,654 | $221 |
| Allstate | $2,721 | $227 |
| Geico | $2,822 | $235 |
| USAA* | $1,557 | $130 |
Cheapest car insurance for seniors with DUIs in Mississippi
A DUI is a major offense, and your insurance rates will rise significantly once it shows on your driving record. In most instances, your premium will double with a DUI. According to CarInsurance.com, in some states, rates can increase by 99% after the first DUI and up to 214% after a second.
Getting affordable coverage (or any coverage) becomes challenging after a DUI, but our data show the companies below are the best insurers for seniors with a DUI in Mississippi:
| Company | Annual rates with DUI first offense | Monthly rates with DUI first offense |
|---|---|---|
| State Farm | $1,742 | $145 |
| Progressive | $2,408 | $201 |
| Travelers | $2,424 | $202 |
| Nationwide | $2,739 | $228 |
| Allstate | $3,389 | $282 |
| Shelter Insurance | $4,958 | $413 |
| Geico | $7,045 | $587 |
| USAA* | $2,326 | $194 |
Cheapest car insurance rates by state for senior drivers
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Our apologies, we cannot display the data due to availability or spelling errors. Please check the spelling and try again. For assistance, reach out us via Cheapest car insurance for seniors after an accident in Mississippi
Much like a ticket or DUI, having an accident on your driving record will raise your insurance rates. While the increase varies by insurer, our data show that drivers can expect their premium to jump by 76% after one at-fault accident with property damage exceeding $2,000.
Typically, the premium increase remains for three to five years, making it essential to find an affordable insurer. According to our data, the following companies provide the cheapest car insurance for seniors in Mississippi after an accident.
| Company | Annual rates with 1 at-fault accident | Monthly rates with 1 at-fault accident |
|---|---|---|
| State Farm | $1,923 | $160 |
| Nationwide | $2,059 | $172 |
| Travelers | $2,246 | $187 |
| Progressive | $3,304 | $275 |
| Allstate | $3,640 | $303 |
| Geico | $3,728 | $311 |
| Shelter Insurance | $4,400 | $367 |
| USAA* | $1,993 | $166 |
How can seniors save on car insurance in Mississippi?
Auto insurance for seniors can be expensive, but there are ways to save. The following are easy ways to reduce your premiums:
- Shop around: Shopping regularly for car insurance – every six months or yearly around renewal time – can ensure you have the best price.
- Raise your deductible: Increasing your deductible from $500 to $1,000 can save you a bit of money every month – but make sure you have the necessary funds to cover the higher deductible.
- Ask about discounts: Discounts – bundling with homeowners insurance, loyalty discounts and discounts for years of being licensed – are a great way to save on your car insurance. More on discounts below.
Editor’s Tip:Take a senior driving course: With an approved defensive driving course, seniors can save up to 4% on their car insurance in Mississippi. The American Automobile Association(AAA) and AARP offer defensive driving courses for senior drivers in Mississippi.
Car insurance discounts for senior drivers in Mississippi
Seniors can take advantage of these car insurance discounts to reduce their insurance costs. See how much seniors can save, on average, in the table below.
| Discount type | Potential annual savings |
|---|---|
| Anti-theft device | 1% |
| Daily commute | 8% |
| Days advanced purchase | 4% |
| Days per week driven | 8% |
| Defensive driver | 4% |
| Education | 6% |
| Electronic funds transfer | 3% |
| Homeowner | 4% |
| Lower annual mileage | 6% |
| Loyalty – years renewal with company | 8% |
| Marital status | 5% |
| Multi policy | 7% |
| Paperless/electronic documents | 2% |
| Payment type | 7% |
| Primary use | 8% |
| Profession | 14% |
| Safety devices | 4% |
| Telematics | 10% |
| Years insured | 17% |
| Years licensed | 23% |
Choosing the cheapest and best car insurance for seniors in Mississippi
Senior drivers pay higher premiums than young adult drivers (excluding teens, of course). To find an affordable policy, assess your needs and determine the right amount of coverage.
When comparing insurance options, consider the cost, customer service and discounts offered. Search for the best auto insurance companies with affordable rates and user-friendly websites or apps.
FAQ: Cheap car insurance for seniors in Mississippi
Who has the cheapest state minimum auto insurance for seniors in Mississippi?
Our data show that Southern Farm Bureau provides the cheapest state minimum auto insurance for seniors in Mississippi, at around $349 per year. State Farm and Progressive also rank highly for affordable state minimum coverage for seniors in Mississippi.
Which companies offer the cheapest liability car insurance for seniors in Mississippi?
Southern Farm Bureau offers the cheapest liability car insurance for senior drivers in Mississippi, with an average annual premium of $503. According to a CarInsurance.com data analysis, State Farm and Progressive also provide cheap liability insurance for seniors in Mississippi.
Does State Farm offer a senior discount in Mississippi?
State Farm does not offer a senior discount in Mississippi, but it provides many discounts that seniors can use to lower their premiums. It includes discounts for defensive driving courses, safe driving, long-term customer loyalty, bundling policies and advanced safety feature discounts.
Bottom line
A CarInsurance.com analysis found that Nationwide provides the cheapest full-coverage car insurance quotes for senior drivers in Mississippi.
Shopping around and comparing online rates from different insurers can help seniors find the best car insurance deals. Additionally, senior drivers might qualify for discounts by taking defensive driving courses or bundling their car insurance with another policy.
Check out how to shop for car insurance for seniors
Resources & Methodology
Additional Resources
There are several resources available for older drivers who want to stay safe behind the wheel and save on their insurance premiums:
- American Automobile Association: AAA helps senior drivers to continue driving for as long and safely as possible.
- AARP (American Association of Retired Persons): AARP’s smart driver program helps senior drivers to learn proven driving techniques and save money on car insurance.
- National Institute on Aging: The NIA provides tips to senior drivers about health and driving and offers free publications to aging seniors to answer health-related queries.
- Fitness-to-Drive Screening Measure Online: This web-based tool helps family members identify at-risk drivers.
- Eldercare Locator: Helps senior drivers maintain their independence, and provides information about highway safety for aging drivers and services.
Sources
- Centers for Disease Control & Prevention. “Older Adult Drivers.” Accessed November 2024.
- Insurance Institute for Highway Safety. “Fatality Facts 2021 Older People.” Accessed November 2024.
- National Safety Council. “Motor Vehicle: Age Group Comparisons.” Accessed November 2024.
- National Highway Traffic Safety Administration “U.S. Department of Transportation’s Fatality Analysis Reporting System (FARS).” Accessed November 2024.
Methodology
CarInsurance.com gathered car insurance rates for senior drivers from Quadrant Information Services. The rates are for a full coverage policy with limits 100/300/100 and a $500 comprehensive and collision deductible based on sample profiles of 65, 70 & 75 year old male and female drivers with clean driving records. We have compared 53,409,632 car insurance quotes across 34,588 ZIP codes from 170 national and regional car insurance companies.
To determine car insurance rates for senior drivers with a history of traffic violations, CarInsurance.com used a sample profile of a 65-year-old driver who owns a Honda Accord LX. We have compared 50,73,544 insurance quotes from 138 companies across 1,468 ZIP codes.
Car insurance rates are calculated by evaluating the sample profile of a 65-year-old male and female driver with the following incidents applied
- One at-fault property damage accident over $2K
- One at-fault property damage accident under $2K
- At-fault bodily injury accidents
- DUI/DWI first offense.
- Speeding ticket (1-10 MPH over the limit,11-29 MPH over the limit & 30+ over limit)
These are sample rates and should only be used for comparison purposes.
Note: USAA is only available to military community members and their families.
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Laura Longero
Executive Editor
Laura Longero is an insurance expert and Executive Editor at CarInsurance.com, where she specializes in helping consumers navigate the complexities of the financial and insurance industries. She has 15 years of experience educating people about finance and car insurance. Prior to joining CarInsurance.com, she worked as a reporter and editor at the USA Today Network. Her expertise provides readers with practical guidance, helping them make informed choices about their financial and insurance needs.
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John McCormick
Editorial Director
John is the editorial director for CarInsurance.com, Insurance.com and Insure.com. Before joining QuinStreet, John was a deputy editor at The Wall Street Journal and had been an editor and reporter at a number of other media outlets where he covered insurance, personal finance, and technology.
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Leslie Kasperowicz
Executive Editor
Leslie Kasperowicz is an insurance educator and content creation professional with nearly two decades of experience first directly in the insurance industry at Farmers Insurance and then as a writer, researcher, and educator for insurance shoppers writing for sites like ExpertInsuranceReviews.com and InsuranceHotline.com and managing content, now at CarInsurance.com.
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Nupur Gambhir
Managing Editor
Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service.