Average cost of car insurance in Mississippi

According to Bankrate’s 2021 study on annual premiums, the average cost of Mississippi insurance is $492 for minimum coverage and $1782 for complete coverage. This number can fluctuate depending on your driving record, your age and the carrier you choose. Mississippi is home to more than 2,000,000 licensed drivers. Each driver will pay a premium based on their individual circumstances.

What is the cost of Mississippi car insurance?

Mississippi car insurance rates are determined by a variety of factors. Age, location, coverage options, and carrier all play a role in determining the cost of your insurance. However, driving records, marital status, and credit scores also have an impact on how much you end up paying.

Mississippi drivers pay on average $492 per year for a minimum coverage policy and $1,782 for full coverage. Mississippi’s average insurance cost for full coverage policies is $1,674, an increase of six percent. According to the Insurance Information Institute (around 29% of Mississippi drivers are uninsured), this could explain the overall increase.

Mississippi car insurance rates by firm

Your auto insurance coverage options and rates will be affected by the carrier you choose. It is important to compare different companies for rates and features in order to determine which best car insurer for Mississippi drivers.

Mississippi auto insurance rates by city

The cost of premiums will depend on where you live. Bankrate compared the rates of the Top 20 cities according to population and found an increase as high as 11%. Some cities had premiums that were as low as 12%, simply because they were closer to the city.

Mississippi car insurance rates based on age

The average cost of Mississippi car insurance is affected by your age. It’s not surprising that younger drivers pay more, especially around the age of 18, when they most likely have started to come off a parent’s policy.

Mississippi driving record can lower your car insurance rates

If you have a criminal record such as a DUI, ticket or accident, your car insurance rates will likely rise in Mississippi. The highest premium increase was caused by an accident.

How to Save on Mississippi Car Insurance

Although car insurance rates for Mississippi drivers may be more expensive than those of other drivers across the country it is possible to still save premiums by taking advantage of discounts. Discounts such as these may help drivers to reduce their premiums.

  • Safe driver: Ask your carrier whether it offers a program called telematics, which monitors your driving habits via Bluetooth or other devices. You may be eligible to receive additional discounts if your driving meets certain standards.
  • Multi-policy: Ask about discounts for homeowners and renters insurance policies. This is a great way to save money.
  • Claims-free: If you don’t file a claim on your policy for at least 30 days, you could be eligible for a discount.
  • Military: Most carriers offer discounts for veterans and active military personnel, as well as those who are members of the National Guard and Reserves.

Questions frequently asked

What amount of car insurance do you need?

Additional coverage will not only help you meet state minimum requirements but it will also reduce your out-of-pocket costs for vehicle damage, property, and liability. Insurance experts recommend that you buy as much coverage as you can afford. This may include optional coverages like collision, comprehensive and medical payments, or uninsured motorist.

Can I change my auto insurance anytime?

You can buy auto insurance policies at any time. You should not cancel your existing policy until the new one is in effect. This will prevent you from losing coverage while switching, and it will also ensure that you’re covered when you travel.