Cheapest Car Insurance in Mississippi

Direct General Insurance offers Mississippi drivers the most affordable car insurance, with average rates at just $26 monthly or $306 annually for minimum coverage. This is a saving of $173 when compared to the state's average cost. These rates, sourced from Quadrant Information Services, reflect the cheapest options available in Mississippi as of December 2024. Read our research methodology to learn about how we found the cheapest Mississippi car insurance.

The cheapest car insurance company for many drivers in Mississippi is Direct General Insurance, with an average monthly cost of $45 for state minimum and full coverage. This is $23 less than the average cost of $68. Other affordable options include Mississippi Farm Bureau, State Farm, Nationwide, and Travelers.

*We used combined minimum and full coverage rates for a 40-year-old driver with good credit and no driving violations to calculate these averages.

Direct General Insurance offers the most affordable car insurance for both state minimum and full coverage. While it's the cheapest for most drivers in Mississippi, your rate depends on your personal background. Check the table below for the cheapest rates for various driving profiles.

Read More: Cheapest Car Insurance

Along with the cheapest rate offered by Direct General Insurance, State Farm, Mississippi Farm Bureau, and Nationwide also offer cheap minimum liability coverage for drivers in Mississippi. Use the table below to explore rates for similar companies with the best minimum coverage rates, as well as how they compare to the monthly state average.

Direct General Insurance is the cheapest provider for full coverage auto insurance in Mississippi, with rates averaging $65 per month or $778 per year. This is $31 less than the state’s average cost. Check the table below for other provider options.

In Mississippi, young adult drivers fare best with Progressive, offering the most affordable plans. A 25-year-old can expect to pay around $30 per month for minimum coverage.

*We used minimum coverage for a 25-year old driver with good credit and no driving violations to determine the cheapest provider.

For young drivers in Mississippi, Progressive offers the cheapest minimum coverage at $30 per month. Direct General Insurance provides affordable full coverage at $83 monthly and is also best for drivers with bad credit at $43. State Farm is the most affordable for those with a DUI, accident, or speeding ticket, with rates from $36 to $42. Rates may vary based on personal factors.

Read More: Cheapest Car Insurance for Young Drivers

Progressive offers the most affordable rates for senior drivers in Mississippi. At $23 per month, 65-year-olds can get minimum coverage.

*We used minimum coverage for a 65-year old driver with good credit and no driving violations to determine the cheapest provider.

For senior drivers in Mississippi, Progressive offers the cheapest minimum coverage at $23 monthly. Direct General Insurance is best for full coverage at $58. Rates may vary, so use the table below to guide your car insurance shopping experience.

Read More: Cheapest Car Insurance for Seniors

Drivers in Mississippi with a DUI, at-fault accident, or speeding ticket are labeled as high-risk by insurers, resulting in higher car insurance costs than those with a clean record. For these high-risk drivers, average premiums vary based on the offense. Below are the best rates for such drivers.

State Farm offers the best rates for Mississippi drivers with DUIs, averaging $30 per month ($357 per year) for minimum coverage insurance. Check the table below for a list of insurance providers and their average monthly premiums for drivers with DUIs in Mississippi.

*We used a 40-year-old driver with good credit and a DUI on record to calculate these averages.

With rates averaging $34 per month ($410 per year), State Farm is the cheapest company for drivers after an at-fault accident. The table below lists other insurers offering affordable coverage for drivers with accidents. Rates are for minimum coverage policies.

*We used a 40-year-old driver with good credit and an at-fault accident on record to calculate these averages.

State Farm offers the cheapest insurance for drivers with a speeding ticket at $30 per month. Residents can explore other options by checking the table below to compare providers offering minimum coverage.

We used a 40-year-old driver with good credit and a speeding ticket on record to calculate these averages.

State Farm is the cheapest car insurance provider for drivers with poor credit scores, offering a monthly rate of $30 and an annual rate of $357 for minimum coverage. Check the table below for more options from other providers.

*These rates are based on a 40-year-old driver with bad credit and a clean driving record.

Your car insurance rates are partly based on where you live. Even in the same state, rates vary between cities due to things like how many people live there, flood risks and crime.

For example, Direct General Insurance charges $27 a month for state minimum coverage in Jackson. Look below to find your city, the most affordable insurance company, and their lowest average monthly rate.

*The lowest rate reference is for a minimum coverage policy for 40-year-olds with good credit and no driving violations.

Mississippians, find Travelers as your most affordable bundle home and auto insurance option at $2,150. Check the table below for more budget-friendly companies.

*Rates are for a 40 year old driver with good credit and no driving violations

In Mississippi, the monthly average cost for full coverage car insurance is $96, while minimum coverage averages $40. By knowing the average cost of car insurance in Mississippi, you can check if your current insurance offers a competitive rate.

In Mississippi, car insurance rates vary by city. Check out the average minimum and full coverage costs in different locales below.

Car insurance in Mississippi isn't as pricey, sitting at 35th on the list. The cost of car insurance in Mississippi is affected by moderate population density, occasional natural disasters and vehicle theft rates.

Under Mississippi law, all drivers must have car insurance policies with at least $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $25,000 for property damage per accident. These values represent the minimum financial protection you must have while driving.

If you finance or lease your car, you'll need to add comprehensive and collision insurance to the state minimum coverages. While a minimum coverage auto insurance policy is more affordable, it also provides the least financial protection. For better financial security, experts suggest carrying full coverage insurance with the highest deductible and liability limits you can afford.

Drivers with serious traffic violations, like speeding or DUI, may need to file for SR-22 insurance, which can raise your premium. In Mississippi, either you or your insurance company will handle the SR-22 filing. It's valid for 3 years from your most recent offense.

In Mississippi, a surety bond is the most common alternative to traditional car insurance. This bond acts as a promise to pay a specific amount if a claim arises, helping you meet the state's minimum coverage requirements.

For business owners, self-insurance is an option. If you own multiple vehicles, you can prove your financial ability to cover potential claims instead of purchasing traditional insurance. This approach provides flexibility and can be more cost-effective for companies with large fleets.

MoneyGeek recommends that drivers get full coverage car insurance. This protection includes liability, collision, and comprehensive coverage to safeguard your finances. We suggest the following liability limits for your policy:

• $100,000 in bodily injury liability per person
• $300,000 in bodily injury liability per accident
• $100,000 in property damage per accident

Comprehensive coverage pays for damage to your car from events like theft, vandalism, or severe weather when you're not on the road. Collision coverage, on the other hand, takes care of damages from accidents while driving.

If your car has high value, consider getting both comprehensive and collision insurance, even though it's not required by law. It's smart to pick a deductible for these coverages that you can afford in case you need to pay before your insurance covers the remaining costs.

Direct General Insurance offers Mississippi drivers the cheapest full coverage at $65 and minimum coverage at $26 monthly. While low prices are tempting, remember that cheapest isn't always best for car insurance. Experts advise choosing as much coverage as you can afford for the safest driving experience.

MoneyGeek answers commonly asked questions about the cheapest car insurance in Mississippi to ensure you get the right coverage for your situation.

MoneyGeek obtained Mississippi auto insurance rates from the Mississippi Department of Insurance and Quadrant Information Services. We examined 11,800 auto insurance quotes from 10 providers across 19 ZIP codes to determine the most affordable car insurance companies in Mississippi.

Mississippi Driver Profile

We used a driver profile with the following background information to identify the cheapest auto insurance companies in Mississippi:

• 40-year-old male
• 2012 Toyota Camry LE
• Clean driving record
• 12,000 miles driven annually

To find the cheapest option for various driver backgrounds, we adjusted this sample profile by age, driving record, credit score, car make and model, and military service where specified.

Standard Coverage Levels in Mississippi

We compared car insurance companies in Mississippi that offer both minimum and full coverage policies. The minimum coverage liability limits in Mississippi are:

• $25,000 for bodily injury liability per person.
• $50,000 for bodily injury liability per accident.
• $25,000 for property damage liability per accident.

For full coverage policy rates, we used the following liability limits:

• $100,000 for bodily injury liability per person
• $300,000 for bodily injury liability per accident
• $100,000 for property damage liability
• Comprehensive and collision coverage with a $1,000 deductible

Home and Auto Coverage Levels in Mississippi

MoneyGeek analyzed the rates of insurance companies for a full-coverage auto insurance policy that includes the following coverage and limits:

• $100,000 in property damage liability
• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• Comprehensive and collision coverage with a $1,000 deductible

We also analyzed rates for a homeowners insurance policy that includes the following limits and coverage:

• $250,000 dwelling coverage
• $25,000 other structures coverage
• $100,000 personal property coverage
• $25,000 loss of use coverage
• $100,000 personal liability coverage
• $1,000 medical payments coverage
• All-perils coverage with a $1,000 deductible