Mississippi's average annual full coverage car insurance cost is $1,152, while minimum coverage costs $479. These rates are $144 and $116 less, respectively, than the national averages.
Average Cost of Car Insurance in Mississippi
Updated: December 19, 2024
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Key Takeaways
Mississippi drivers pay about 11% less for full coverage car insurance than the national average.
Residents also enjoy a 19% lower cost for minimum coverage than the national average.
Mississippi has the lowest average annual car insurance cost, at $1,152 for full coverage and $479 for minimum coverage, making it one of the most affordable states.
How Much Is Car Insurance in Mississippi?
| Full Coverage | $1,152 | $1,296 | -11% |
| State Minimum Liability Only | $479 | $595 | -19% |
Mississippi Car Insurance Rates by Coverage Level
Your coverage level affects your car insurance rate. Raising your liability limits and adding full coverage increase costs, while choosing a higher deductible lowers your premium. Below are average minimum coverage and full coverage rates in Mississippi based on different deductibles and liability limits.
| 300/500/300 | Full Coverage | $1,374 | $500 |
| 100/300/100 | Full Coverage | $1,293 | $0 |
| 300/500/300 | Full Coverage | $1,234 | $1,000 |
| State Minimum | Full Coverage | $1,175 | $500 |
| 100/300/100 | Full Coverage | $1,152 | $1,000 |
| 300/500/300 | Full Coverage | $1,137 | $1,500 |
| 100/300/100 | Full Coverage | $1,056 | $1,500 |
| State Minimum | Full Coverage | $1,034 | $1,000 |
| State Minimum | Full Coverage | $937 | $1,500 |
| 300/500/300 | Liability Only | $679 | $0 |
| 100/300/100 | Liability Only | $597 | $0 |
| State Minimum | Liability Only | $479 | $0 |
Read More: Liability vs. Full Coverage Car Insurance
Average Mississippi Car Insurance Cost by City
Car insurance rates in Mississippi cities vary due to crime rates, traffic density, storms and health care or car repair costs. For example, Jackson's annual full coverage costs $962, below the state average. The table below compares insurance costs in this city to the state averages.
| Jackson | $962 | -50% | $463 | -58% |
Average Mississippi Car Insurance Cost by Age
In Mississippi, age affects car insurance costs. Young drivers often have higher rates because they're more likely to have accidents. On average, 25-year-olds pay about $1,427 for full coverage and $594 for minimum coverage. That's more than 40-year-olds who pay around $1,152 and $479, respectively, and more than 65-year-olds who pay about $1,040 and $463.
| 25 | $1,427 | $594 |
| 40 | $1,152 | $479 |
| 65 | $1,040 | $463 |
While age affects car insurance costs in most U.S. states, California, Massachusetts and Hawaii don't allow age as a rating factor.
Car Insurance Costs in Mississippi for Young Drivers by Gender
Young drivers in Mississippi face higher car insurance costs due to increased accident risks. On average, drivers aged 18 to 25 pay $1,383 annually when added to a family policy, 51% less than the $2,082 they'd pay for an individual policy.
Gender also influences car insurance rates for young Mississippi drivers. Female drivers aged 18 to 25 typically pay $1,983 annually, 9% less than the $2,181 average for male drivers. Below are the average premiums for individual and family policies for young drivers in the state, broken down by gender.
Car Insurance Costs in Mississippi for Young Females
An 18-year-old female in Mississippi typically pays $1,648 when added to a family car insurance plan. If she chooses an individual policy, the rate jumps to $3,538, a 53% increase.
| 18 | $3,538 | $1,648 | -53% |
| 19 | $2,571 | $1,774 | -31% |
| 20 | $2,200 | $1,511 | -31% |
| 21 | $1,768 | $1,236 | -30% |
| 22 | $1,666 | $1,205 | -28% |
| 23 | $1,462 | $1,073 | -27% |
| 24 | $1,383 | $1,016 | -26% |
| 25 | $1,275 | $936 | -27% |
Car Insurance Costs in Mississippi for Young Males
An 18-year-old male in Mississippi typically pays $3,973 for full coverage on his own policy. Adding her to a family policy costs only $1,821, saving 54% annually.
| 18 | $3,973 | $1,821 | -54% |
| 19 | $2,874 | $1,917 | -33% |
| 20 | $2,474 | $1,644 | -34% |
| 21 | $1,966 | $1,331 | -32% |
| 22 | $1,805 | $1,465 | -19% |
| 23 | $1,583 | $1,290 | -19% |
| 24 | $1,476 | $1,203 | -19% |
| 25 | $1,298 | $1,058 | -18% |
Average Mississippi Car Insurance Cost by Driving Record
In Mississippi, driving offenses can significantly raise car insurance premiums. An at-fault accident may increase rates to $1,855, while a DUI could push costs to $2,147. This is a sharp rise compared to the $593 average for drivers with clean records. The table below compares costs for drivers with accidents, DUIs or tickets to those with clean records.
| At-Fault Accident | $1,855 | -3% | $776 | -29% |
| DUI | $2,147 | 13% | $911 | -17% |
| Ticket | $1,440 | -25% | $593 | -46% |
Read More: High-Risk Car Insurance in Mississippi
Average Mississippi Car Insurance Cost by Credit Score
Credit-based insurance scores impact car insurance costs in Mississippi. On average, annual full coverage costs about $910 for drivers with excellent credit but can rise to $2,320 for those with poor credit.
| Excellent | $910 | -52% | $301 | -73% |
| Good | $1,081 | -43% | $348 | -68% |
| Fair | $1,361 | -29% | $433 | -61% |
| Below Fair | $1,720 | -10% | $530 | -52% |
| Poor | $2,320 | 22% | $689 | -37% |
CREDIT SCORES AND YOUR PREMIUM
A credit score from 670 to 739 shows financial trustworthiness, potentially lowering insurance costs for Mississippi drivers. However, insurers in Hawaii, Massachusetts, Maryland, California,and Michigan cannot use credit-based scores for pricing. States like North Carolina, Oregon, Washington, Utah and Nevada permit credit use in specific conditions.
Average Mississippi Car Insurance Cost by Company
Car insurance premiums vary widely by company. Direct General offers the most affordable auto insurance in Mississippi at $778 annually for full coverage. Progressive's premium is the priciest, exceeding the national average by over 22%.
| Direct General Insurance | $778 | $306 |
| Mississippi Farm Bureau | $859 | $320 |
| State Farm | $931 | $320 |
| Nationwide | $974 | $401 |
| Travelers | $1,012 | $489 |
| Shelter | $1,343 | $640 |
| GEICO | $1,393 | $598 |
| Allstate | $1,449 | $810 |
| Progressive | $1,632 | $426 |
Average Mississippi Car Insurance Cost by Vehicle Age
In Mississippi, newer cars usually have higher insurance premiums because they're worth more and cost more to fix or replace if stolen. A newer model costs about $1,146 yearly for full coverage, while a 10-year-old car averages about $946.
| 10-Year-Old Vehicle | $946 | $413 |
| New Model Vehicle | $1,146 | $371 |
ACTUAL CASH VALUE
The actual cash value (ACV) represents your car's worth as assessed by your insurer right before any damage. When filing a comprehensive or collision claim, the ACV helps determine the highest possible payout for repairs or replacement after deducting any applicable deductible. This ensures the claim aligns with the vehicle's fair market value.
Read More: Used Car Insurance
Mississippi Car Insurance Rates Explained
Mississippi’s car insurance rates differ from national averages due to various factors. Key influences include coverage levels, driving history and credit-based insurance scores. Understanding these factors can help drivers make informed choices and manage costs effectively.
Is Car Insurance Expensive in Mississippi?
Car insurance in Mississippi is affordable. Full coverage costs an average of $96 monthly, about 11% cheaper than the national average.
Read More: Why Car Insurance Is So Expensive
Car Insurance Costs in Mississippi vs. National Average
National Average Cost
Full Coverage Car Insurance
$108
Mississippi Average Cost
Full Coverage Car Insurance
$96MS Car Insurance Is Affordable:$12 saved
This is 11% less expensive.
Why Are Car Insurance Rates Expensive in Mississippi?
Mississippi's frequent severe storms and strict insurance laws can lead to more claims, raising costs for policyholders.
Read More: Car Insurance Rates by State
Estimating Your Car Insurance Costs in Mississippi
While average rates reflect how laws and the economy affect car insurance in Mississippi, your premium depends on factors specific to you. To estimate your costs, consider the following:
Driving Record
A clean driving record can significantly reduce your insurance rates. Avoid traffic violations and accidents to demonstrate to insurers that you're a low-risk driver.
Age and Gender
Younger drivers and males typically face higher rates. If you fall into these categories, shop around for special discounts or consider a policy that rewards safe driving.
Credit History
Insurers often use credit scores to gauge risk. To secure more affordable rates, improve your credit history by paying bills on time and reducing debt.
Vehicle Type
Opt for a car with a strong safety record and lower repair costs to enjoy reduced insurance rates.
Location
Living in areas with high theft or accident rates can increase premiums. When searching for insurance, consider your location's safety and risk factors.
Coverage Level
Don't overpay for insurance you don't need. Assess your coverage level carefully and consider higher deductibles to lower your monthly premiums.
Marital Status
Married couples often receive lower rates. Ensure your policy reflects your current marital status to benefit from reduced insurance costs.
State Law
Know Mississippi's coverage requirements to ensure you're not purchasing unnecessary additional coverage.
Read More: Mississippi Car Insurance Calculator
Minimum Car Insurance in Mississippi
In Mississippi, drivers pay an average of $479 for minimum car insurance, below the national average of $595. Here's a look at the state's minimum coverage requirements.
Mississippi Car Insurance Requirements
Mississippi drivers must have minimum coverage that includes $25,000 for bodily injury per person, $50,000 for bodily injury per accident and $25,000 for property damage per accident.
Liability Limit | What It Covers |
|---|---|
$25,000 bodily injury liability per person | Medical expenses if you cause an accident |
$50,000 bodily injury liability per accident | Multiple injured parties |
$25,000 property damage liability per accident | Repairs or replacement of damaged property |
How to Lower Car Insurance Costs in Mississippi
To save on car insurance, compare rates, opt for a higher deductible and claim eligible discounts.
- 1
Compare Multiple Quotes
Research multiple insurance providers to find affordable car insurance, potentially saving you hundreds of dollars annually.
- 2
Lower Your Risk Profile
A better credit score or clean driving record without at-fault accidents or moving violations can significantly lower insurance premiums because insurers view you as a lower risk.
- 3
Adjust Your Coverage
Reviewing coverage needs ensures you're paying only for the coverage you need. Adjusting your deductible or opting for usage-based policies can further decrease costs for low-mileage drivers.
- 4
Ask About Discounts
Inquire about discounts for safe driving, good grades, anti-theft devices and bundling policies, as these can lower premiums when you meet certain eligibility criteria.
- 5
Consider the Car You Drive
Driving a car that's less expensive to insure, such as one with good safety ratings, can reduce auto insurance costs.
Auto Insurance Rates in Mississippi: Bottom Line
In Mississippi, you'll pay about $1,152 a year for full coverage car insurance, which is less than the U.S. average. Your rates can change based on your driving history and vehicle type. Overall, Mississippi is a more affordable state for car insurance.
Mississippi Car Insurance Rates: FAQ
Get answers about what impacts the average cost of car insurance in Mississippi and how to find affordable rates.
What are the minimum car insurance requirements in Mississippi?
Mississippi's minimum car insurance requirements include liability coverage of $25,000 for bodily injury per person, $50,000 for bodily injury per accident and $25,000 for property damage per accident.
What is the average cost of full coverage and minimum coverage auto insurance in Mississippi?
Mississippi's average annual full coverage auto insurance cost is $1,152, while minimum coverage averages $479. These rates are less than the national averages of $1,296 and $595, respectively.
What is the average cost of car insurance for a 25-year-old in Mississippi?
The average cost of full coverage car insurance for a 25-year-old in Mississippi is $1,427, while minimum coverage averages $594. These rates are slightly below the state average.
What are the cheapest car insurance companies in Mississippi?
Direct General offers the most affordable car insurance in Mississippi, with full coverage at $778 and minimum coverage at $306 annually.
Mississippi Auto Insurance Cost: How We Determine Average Rates
Sample Driver Profile
We used a sample driver profile with the following attributes to determine average car insurance rates in Mississippi:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
We modified this driver profile by age, vehicle, credit score and driving record to determine averages for different driver profiles and needs.
Coverage Levels and Deductibles
Unless otherwise noted, average rates on this page are for a full coverage policy with comprehensive and collision coverage, a $1,000 deductible for each and the following liability limits (100/300/100):
- $100,000 in bodily injury liability per person
- $300,000 in bodily injury liability per accident
- $100,000 in property damage liability per accident
When minimum coverage is specified, we used the following liability limits as mandated by Mississippi:
- $25,000 in bodily injury liability per person
- $50,000 in bodily injury liability per accident
- $25,000 in property damage liability per accident
Learn more about MoneyGeek's car insurance methodology.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.