Mississippi Car Insurance Calculator: Estimate Your Car Insurance Costs

MoneyGeek’s Mississippi car insurance calculator is designed to provide you with a quick estimate of insurance costs in the state. We’ve analyzed how insurance companies calculate premiums to give you a better idea of what factors affect your car insurance costs.

Getting an accurate, personalized quote from auto insurance companies in Mississippi involves submitting various personal information and can typically take around 10-15 minutes. MoneyGeek’s Mississippi car insurance calculator gives you a quick ballpark figure, while still taking into account important factors like your age, driving record, coverage levels and vehicle type.

Our calculator uses the factors that have the most impact on the cost of car insurance in Mississippi. These are adding a teen driver to your policy, the coverage level you choose and your age. However, the most significant factor for you may be different depending on your combination of characteristics.

If you live in Mississippi, the most affordable car insurance provider for you depends on your unique circumstances and requirements. However, our calculator provides a close estimate that can help you choose the best insurer. Based on our analysis, GEICO offers the cheapest, widely-available auto insurance in Mississippi for our default driver at $399 per year on average.

Although cost is an important factor to consider while evaluating insurance companies, you also want to choose an insurer that offers the coverages you need and provides quality customer service.

Auto insurance providers assess multiple factors to evaluate insurance premiums. In Mississippi, the most significant factors that impact insurance rates are adding a teen driver to an existing policy, how much coverage you buy and the age of the driver.

Adding a teen driver to your family policy has the highest impact and can multiply your insurance rates by as much as 3.1x.

In Mississippi, adding a teen driver to an existing policy has the highest impact on the premiums you pay for your car insurance.

While adding a teen driver multiplies insurance rates by as much as 3.1x, you should also note that the age and gender of the teen driver impact the rates. For instance, adding a 16-year-old driver multiplies the rate by nearly 3.3x, whereas adding an 18-year-old driver only leads to a 2.9x increase. Also, adding a teen female driver leads to a 3x increase compared to a 3.2x increase for adding a male teen driver.

Your is another factor that affects the cost of your insurance premiums. MoneyGeek’s age analysis found that the cheapest car insurance in Mississippi is for a 40-year-old driver and most expensive for a 19 to 20-year-old. The older driver pays as much as 2.5 less in premiums than the younger driver.

Young drivers have less experience behind the wheel and are more likely to indulge in risky driving than older drivers. This leads to a higher probability of accidents and driving violations, which is why insurers charge higher premiums for young drivers.

It’s important to choose a policy that offers sufficient coverage at a reasonable cost because the coverage levels you choose for your car insurance have the second-largest impact on insurance rates in Mississippi.

A policy with a $300,000 bodily injury liability limit along with comprehensive and collision insurance will cost you 2.9x more than a state minimum policy that meets Mississippi laws.

This is because insurance companies may have to provide a significantly higher payout in the case of a major accident, which risk leads to higher insurance premiums.

Having a low credit score is another factor that can impact how much your car insurance in Mississippi costs. Drivers with poor credit pay as much as 2.1x more than those with excellent credit.

Insurance providers consider drivers with low credit scores a higher risk than drivers with good credit, as they are deemed more likely to default on timely premium payments.

The type of car you own also plays a significant role in insurance rates. If you own a sports car or a luxury car, you would have to pay a higher premium than usual. This is because repairs and spare parts for sports cars and luxury cars cost considerably more than they do for standard cars. Additionally, those car models may be at more risk of theft.

In Mississippi, insurance premium rates for sports cars and luxury cars typically cost 2x more than for standard cars like SUVs and sedans.

Insurance companies in Mississippi consider several factors to determine insurance premiums. If you’re wondering how to calculate insurance premiums in Mississippi, you can read the answers to some of the most frequently asked questions below.

MoneyGeek partnered with Quadrant Data Services to get car insurance quotes from across Mississippi. Our data science team analyzed how personal factors impacted cost and incorporated our findings into our calculator to provide users with an accurate estimate of their expected yearly auto insurance costs. Read more about our methodology here.