- Among the companies analyzed by CarInsurance.com, Nationwide stands out as the cheapest option for full coverage car insurance in Mississippi, with an insurance premium of $111 per month.
- Drivers in Mississippi with a clean record pay 41% less for premiums compared to those with a DUI.
- The city with the lowest car insurance rates in Mississippi is Tupelo, with an annual premium of $1,757.
- Mississippi drivers can save up to 34% annually on their auto insurance policy by comparing price quotes from multiple carriers.
The cheapest car insurance in Mississippi costs $111 per month for a full coverage policy from Nationwide. That’s a $56 savings from the average cost of insurance in the state, which is $167 a month.
“Drivers looking to get the cheapest insurance premiums in Mississippi should maintain continuous coverage and avoid any lapse. When it comes to shopping for a new insurance company, discounts may be applied if the drivers have maintained continuous coverage, which will help lower the annual premium,” says Lauren McKenzie, senior insurance agent, A Plus Insurance.
To help you find the cheapest rates, CarInsurance.com analyzed rates from multiple auto insurance companies in Mississippi including Geico, Progressive, State Farm and others, so that you can easily compare car insurance rates.
Which company offers the cheapest car insurance in Mississippi?
Nationwide offers the cheapest car insurance rates in Mississippi for a full coverage policy with an average premium of $111 per month or around $1,331 per year, based on CarInsurance.com’s rate analysis.
A full coverage policy includes liability insurance, which is required by law in most states and optional coverage such as comprehensive and collision insurance, which typically have a deductible.
The below table shows the cheapest quotes in Mississippi by different insurance carriers for a full coverage policy.
Cheapest car insurance rates in Mississippi per month
| Company | Full coverage monthly rates |
|---|---|
| Nationwide | $111 |
| Travelers | $136 |
| State Farm | $150 |
| Southern Farm Bureau | $161 |
| Progressive | $178 |
| GEICO | $184 |
| Shelter Insurance | $206 |
| Allstate | $211 |
| Safeway Insurance | $246 |
| USAA* | $110 |
Note: USAA is only available to military community members and their families.
Who pays the lowest auto insurance premiums in Mississippi?
The cost of car insurance can vary greatly depending on your age, location, driving record, credit score, driving habits and vehicle type. However, some insurers may offer you more affordable rates than others based on your situation.
- Married drivers pay 9% less than single drivers.
- Mississippi drivers with clean records pay 41% less than drivers who have a DUI on their record.
- Mississippi drivers in their 20s pay 58% lower rates for insurance than a 16-year-old in Mississippi.
- Adding a teen to your policy will cost you 76% less than having the teen purchase their own auto insurance policy.
- Drivers who are licensed for three or more years pay 24% less on their insurance premiums.
- Drivers insured for three or more years can save up to 17% on their insurance costs.
TipIf you no longer drive regularly or work remotely, you may want to re-evaluate your insurance policy. Drivers with a daily commute of less than 15 miles can save up to 4% for this state more on their premiums.
Cheapest insurers for different coverage levels in Mississippi
We all know that car insurance costs are different for everyone and can vary depending on your insurance company. Other than the insurer, your driving record and coverage levels also play a role in determining your premium.
Besides full coverage, there are liability-only and state-minimum car insurance policies. Liability only covers injuries and property damage to others in an accident.
Not all insurers offer the same coverage limits at the same price point. For instance:
- Progressive is the cheapest for a state minimum policy.
- State Farm has the cheapest rates for a liability-only policy (50/100/50).
- Nationwide offers the cheapest car insurance for a full coverage policy (100/300/100) in Mississippi.
The numbers above (100/300/100) represent up to $100,000 bodily injury with $300,000 bodily injury per accident and up to $100,000 for property damage.
Cheapest companies for state minimum coverage in Mississippi
In Mississippi, all drivers must have a certain amount of car insurance, also called the state’s minimum coverage requirements. You must purchase the minimum coverage limits listed below. Keep in mind that minimums are merely that – the minimum. Most drivers need more insurance to be protected in case of a costly accident.
| Minimum coverage | Minimum limit |
|---|---|
| Minimum bodily injury liability | $25,000/$50,000 |
| Minimum property damage liability | $25,000 |
Read more about the minimum liability car insurance requirements by state
The following table lists Mississippi’s major insurance providers, ranked by their average annual state minimum coverage rates, from cheapest to most expensive.
| Company | State minimum annual rates |
|---|---|
| Progressive | $346 |
| State Farm | $355 |
| Southern Farm Bureau | $383 |
| GEICO | $388 |
| Nationwide | $429 |
| Travelers | $457 |
| Safeway Insurance | $492 |
| Allstate | $691 |
| Shelter Insurance | $821 |
| USAA* | $283 |
Note: USAA is only available to military community members and their families.
Cheapest Mississippi insurance companies for liability-only coverage
If you cause an accident, your liability insurance will pay for the medical bills and property damage of others involved, up to the policy limits.
In the table below, see the average annual rates from Mississippi’s top insurers for liability insurance, ranked from cheapest to most expensive. Coverage limits are $50,000 for bodily injury per person, $100,000 for bodily injury per accident and $50,000 for property damage.
| Company | Liability only annual rates |
|---|---|
| State Farm | $517 |
| Southern Farm Bureau | $540 |
| Nationwide | $563 |
| Progressive | $564 |
| GEICO | $622 |
| Travelers | $632 |
| Safeway Insurance | $691 |
| Allstate | $895 |
| Shelter Insurance | $939 |
| USAA* | $422 |
Note: USAA is only available to military community members and their families.
Cheapest full coverage car insurance in Mississippi
A full-coverage car insurance policy typically includes comprehensive and collision coverage, offering protection against accidents, theft, vandalism and damage from natural disasters.
In an ideal scenario, having full coverage means having a policy that aligns with your income, assets and risk profile. Lenders typically mandate full coverage for individuals financing their vehicles.
The following table lists the average annual rates of major insurance companies in Mississippi from the cheapest to the most expensive. These rates are for a full coverage policy with limits of $100,000 for bodily injury per person, $300,000 for bodily injury per accident and $100,000 for property damage.
| Company | Full coverage annual rates |
|---|---|
| Nationwide | $1,331 |
| Travelers | $1,636 |
| State Farm | $1,797 |
| Southern Farm Bureau | $1,933 |
| Progressive | $2,131 |
| GEICO | $2,210 |
| Shelter Insurance | $2,469 |
| Allstate | $2,527 |
| Safeway Insurance | $2,946 |
| USAA* | $1,320 |
Note: USAA is only available to military community members and their families.
Learn more about who has the cheapest full coverage auto insurance
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Cheapest car insurance in Mississippi, by driving history
Your driving history affects how much you pay for insurance in Mississippi because insurance companies use it to assess the risk associated with insuring a driver.
Traffic violations such as speeding tickets, DUIs and at-fault accidents demonstrate risky behavior on the road. Insurance companies view these violations as indicators of higher risk and may charge you higher premiums.
A driver with a history of traffic violations pays $584 more annually in Mississippi than an individual with a clean driving record.
Cheap car insurance in Mississippi after a speeding ticket
If you have a speeding ticket on your Mississippi driving record and you are looking for cheap car insurance, State Farm offers the cheapest full-coverage auto insurance for drivers with a speeding ticket, with an average rate of $1,465 per year.
| Company | Rates before speeding | After speeding (1-29 mph over limit) | % difference | $ difference |
|---|---|---|---|---|
| State Farm | $1,361 | $1,465 | 8% | $104 |
| Nationwide | $1,137 | $1,570 | 38% | $433 |
| GEICO | $1,434 | $1,858 | 30% | $424 |
| Progressive | $1,538 | $1,947 | 27% | $410 |
| Travelers | $1,432 | $2,060 | 44% | $629 |
| Allstate | $1,995 | $2,211 | 11% | $215 |
| USAA* | $938 | $1,204 | 28% | $266 |
Note: USAA is only available to military community members and their families.
Cheapest car insurance in Mississippi after a DUI conviction
State Farm offers the cheapest car insurance to Mississippi drivers with a DUI conviction at $1,465 per year and Progressive has the second-cheapest insurance premiums at $2,004 a year, based on recent data.
Drivers with clean driving records can expect to pay an average of 41% less than those with a history of DUI.
| Company | Rates before DUI | Rates after a DUI | % difference | $ difference |
|---|---|---|---|---|
| State Farm | $1,361 | $1,465 | 8% | $104 |
| Progressive | $1,538 | $2,004 | 30% | $467 |
| Nationwide | $1,137 | $2,048 | 80% | $911 |
| Travelers | $1,432 | $2,149 | 50% | $717 |
| Allstate | $1,995 | $2,728 | 37% | $733 |
| GEICO | $1,434 | $4,432 | 209% | $2,998 |
| USAA* | $938 | $1,784 | 90% | $846 |
Note: USAA is only available to military community members and their families.
Cheap car insurance rates in Mississippi after an at-fault accident
If you’re a driver with an at-fault accident on your record, State Farm is the cheapest option, offering car insurance at an average cost of $1,622 annually.
Nationwide is the second most affordable option, providing full-coverage insurance to drivers with a history of at-fault accidents at an average cost of $1,643.
If you’re accountable for an accident, it can significantly affect your insurance premiums, as insurance companies see at-fault incidents as a sign of higher risk, leading to increased costs for coverage.
| Company | Rates before accident | Rates after accident | % difference | $ difference |
|---|---|---|---|---|
| State Farm | $1,361 | $1,622 | 19% | $261 |
| Nationwide | $1,137 | $1,643 | 45% | $507 |
| Travelers | $1,432 | $1,991 | 39% | $559 |
| GEICO | $1,434 | $2,404 | 68% | $970 |
| Progressive | $1,538 | $2,607 | 70% | $1,070 |
| Allstate | $1,995 | $2,953 | 48% | $958 |
| USAA* | $938 | $1,414 | 51% | $476 |
Note: USAA is only available to military community members and their families.
Check out the most affordable insurance options in your neighboring state
Cities with the lowest auto insurance rates in Mississippi
Your location plays a key role in determining your car insurance premium. Insurance companies analyze claim data in your area to assess the risk of insuring you. Areas with higher accident rates or theft statistics have higher premiums.
In Mississippi, Tupelo stands out as the city with the lowest auto insurance rates, at an average of $1,757 per year.
Insurers base these rates on various factors such as theft statistics, collision rates and incidents of vandalism to assess risk in different areas. Additionally, your individual driving history, vehicle make and age play a role in calculating the premiums you pay.
The table below shows a list of cities in Mississippi with the most affordable car insurance rates.
| City | Full coverage annual rates |
|---|---|
| Tupelo | $1,757 |
| Mooreville | $1,760 |
| Guntown | $1,761 |
| Verona | $1,767 |
| Saltillo | $1,768 |
| Blue Springs | $1,769 |
| Mantachie | $1,770 |
| Baldwyn | $1,772 |
| Starkville | $1,775 |
| Fulton | $1,776 |
Learn about the 10 most important factors that affect car insurance rates
How much can you save on auto insurance in Mississippi?
Shopping around for car insurance quotes in Mississippi can help drivers save 34% annually on full coverage policies.
How much money you save depends on factors specific to you but compare quotes and ensure you’re getting exactly what you need at a good price.
Car insurance discounts in Mississippi: Save on premiums
In Mississippi, car insurance companies offer various discounts to drivers, such as safe driver and bundling discounts to help you save on your premiums. Learn more about some common car insurance discounts in Mississippi below.
| Discount type | % difference | $ difference |
|---|---|---|
| Anti-theft device | 1% | $27 |
| Daily commute | 4% | $90 |
| Days advanced purchase | 4% | $95 |
| Days per week driven | 4% | $82 |
| Education | 6% | $154 |
| Electronic funds transfer | 3% | $56 |
| Homeowner | 4% | $91 |
| Lower annual mileage | 6% | $126 |
| Loyalty – years renewal with company | 8% | $182 |
| Marital status | 9% | $182 |
| Multi policy | 7% | $152 |
| Paperless/electornic documents | 2% | $32 |
| Payment type | 7% | $175 |
| Primary use | 7% | $141 |
| Profession | 14% | $428 |
| Safety devices | 4% | $115 |
| Telematics | 11% | $224 |
| Years insured | 16% | $436 |
| Years licensed | 22% | $880 |
Final thoughts on cheap car insurance in Mississippi
Our research shows that Nationwide has the cheapest full coverage car insurance rates in Mississippi for individuals with a good driving record.
We understand that finding affordable car insurance is important, but it’s also crucial to ensure you have enough coverage for adequate financial protection.
To get cheap car insurance in Mississippi, first, figure out what coverage you need. Then, compare prices from different companies. Look for discounts and try to keep your driving record clean. Even if you’ve had tickets or accidents, you might still find a company that offers you a good deal.
Resources & Methodology
Methodology
CarInsurance.com commissioned Quadrant Information Services to field rates in 2023 from all the major insurers in nearly every ZIP code of Mississippi for three different coverage levels:
- Full coverage policy with limits 100/300/100, including comprehensive and collision coverage and a $500 deductible.
- Liability-only with limits 50/100/50.
- State-minimum car insurance limits of 25/50/25.
The rates are based on the sample profile of a 40-year-old male and female driving a Honda Accord LX with a clean driving record and a good credit score. We have compared 53,409,632 car insurance quotes from 75 company groups across 34,588 ZIP Codes.
Violations:
Car insurance rates are calculated by evaluating the sample profile of a 40-year-old driver for a full coverage policy with limits 100/300/100, including comprehensive and collision coverage, and a $500 deductible, with the following incidents applied: clean record, at-fault accident, DUI conviction and speeding ticket.
Discounts:
Car insurance discount rates are for a full coverage policy with limits of 100/300/50 and a $500 comprehensive and collision deductible based on the sample profile of a 40-year-old male driver. To gather the data, our data experts compared 2,677,890 insurance quotes across various ZIP Codes.
The rates are for comparison purposes only and your exact rates may vary.
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