How Much Is Car Insurance in Mississippi? (November 2024)

Mississippi drivers can expect to pay around $1,152 annually for full car insurance coverage. The cost for minimum coverage is approximately $479 annually.

Your age, chosen coverage level, location, driving record, and credit history determine your premium. Factors like age and driving behavior can result in higher rates, while good credit and a clean driving record may lead to lower prices.

The average annual cost of full coverage car insurance in Mississippi is $1,152. Knowing the average price of car insurance helps determine if you're getting a fair quote from providers. Comparing car insurance quotes helps ensure your choice is affordable and suitable for your needs.

The table below shows what you might pay monthly or annually for minimum or full coverage.

Car insurance in Mississippi costs less than the national average. The state average premium for minimum coverage is $479 annually or $40 monthly, compared to the national average of $628 per year or $52 per month.

Mississippi's lower rates are due to several factors, including the state's lower population density, which decreases traffic density and the likelihood of accidents, and the reduced cost of living. The competitive insurance market in the state also helps keep premiums down.

Car insurance premiums vary widely from one company to another, even within the same state. Direct General Insurance offers the most affordable full coverage insurance, $778 annually. Progressive has the most expensive premium, $1,632 per year.

Compare quotes from various providers to secure the cheapest car insurance in Mississippi and save money.

The cost of car insurance in Mississippi is also influenced by the level of coverage you choose. Mississippi drivers can expect to pay around $40 for minimum coverage versus around $96 for full coverage. Despite the higher cost, full coverage insurance is recommended for better protection on the road.

Adding comprehensive and collision coverage will result in a higher premium, yet opting for higher deductibles, like a $1,000 deductible, can make this more affordable. Keep in mind, the deductible is the amount you pay for each comprehensive and collision coverage incident.

Mississippi's minimum car insurance requirements include $25,000 for bodily injury liability per person, $50,000 per accident and $25,000 for property damage liability per accident. Uninsured/underinsured motorist coverage, personal injury protection, medical payments and death liability aren't mandated.

In Mississippi, car insurance costs vary by age. Drivers under 30 pay the highest premiums, averaging $1,427 annually for full coverage with a $1,000 deductible. Costs decrease for older drivers, as they are seen as less risky and generally have fewer accidents: those aged 30 to 59 pay about $1,152, and seniors aged 60 and above enjoy the lowest rates, paying around $1,040.

In Mississippi, age and gender significantly affect car insurance rates. The average annual cost for adding a 16-year-old boy to a family policy is $2,665, the highest premium among all age groups.

Teens under 18 cannot legally purchase car insurance without a guardian's co-signature. If a 16-year-old boy opts for an individual policy, the premium jumps to $5,520.

The average annual cost for full coverage on a 2012 model is $946, while for a 2022 model, it rises to $1,146. Newer models have higher insurance premiums due to their greater actual cash value, repair costs, and theft risk.

Drivers with newer models should consider comprehensive and collision coverages that offer financial protection against accidents, natural disasters and theft.

The average cost of car insurance in Mississippi varies based on your driving record. Here's what you might expect to pay:

• With a ticket: $1,440 per year; $120 per month
• With an at-fault accident: $1,855 per year; $155 per month
• With a DUI: $2,147 per year; $179 per month

In Mississippi, more severe violations mean higher car insurance payments. Violations stay on your record and affect your premiums for years. For example, a DUI in Mississippi can impact your insurance rates for up to five years.

The table below shows the average cost of car insurance in Mississippi by coverage level and age group.

Mississippi drivers, depending on their credit score, can expect to pay anywhere from $707 to $1,758 per year for car insurance.

A good credit score (670 to 739) can lower your rates, with average costs around $836. Conversely, a lower score can result in much higher premiums. Insurers often see higher scores as a sign of financial responsibility, leading to more affordable premiums.

Understanding what affects your car insurance rates in Mississippi is essential for finding the proper coverage. Here are the key factors:

• Driving record: A clean driving record can lead to more affordable car insurance premiums. Speeding tickets, accidents and DUIs typically raise rates due to higher risk.
• Age and gender: Younger drivers, especially males, often face higher rates due to statistically higher accident rates. However, rates tend to become more favorable as drivers age.
• Vehicle type: Your car's make, model and age can impact your rate. High-value or sports cars may have higher premiums due to repair costs and theft rates.
• Coverage level: Minimum coverage can be cheaper upfront but offers less protection. Adding comprehensive insurance or collision insurance raises costs but provides broader coverage.
• Credit score: Mississippi insurers may consider credit history when determining rates. A higher credit score could result in lower insurance costs.
• Location: Urban areas with higher traffic density and theft rates might see higher premiums than rural areas.
• Claims history: A history of claims can suggest to insurers that you're more likely to make future claims, potentially increasing your premiums.
• Driving habits: The more you drive, the higher the probability of an incident. Mississippi residents with long commutes or who drive frequently might see higher rates.

To get affordable car insurance in Mississippi, shop around for the best rates, raise your deductible and take full advantage of car insurance discounts.

We answer common questions about the average cost of car insurance in Mississippi, factors that affect costs and how you can save on your premium.