Temporary Car Insurance in Mississippi: The Cheapest Options and What You Need to Know
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Updated: 2/7/2023
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If you own a car, you may be able to get temporary car insurance by obtaining a policy and canceling it within six months. The average cost of a three-month policy in Mississippi is $278.
If you're visiting Mississippi or don’t own a car but need to drive, rental car insurance might be your best option.
MoneyGeek also analyzed other scenarios in which temporary car insurance may be beneficial, such as getting non-owner insurance to reinstate your license or working for a ridesharing service.
Can You Get Temporary Car Insurance in Mississippi
In Mississippi and in various states, temporary car insurance can have a variety of meanings. A driver who owns a car can opt to get a full car insurance policy and then cancel it early. Those who don’t own a car could be better off getting rental car insurance or non-owner auto insurance.
Although there is no one-size-fits-all solution for getting short-term car insurance in Mississippi, MoneyGeek researched all the available options to get short-term car insurance.
- Need a full car insurance policy temporarily? Buy and cancel
- Want to add or remove a driver? Alter your policy
- Renting a car? Buy from the rental company or use your own policy
- Don’t own a car? Look into non-owner Insurance
- Working for a rideshare company? Buy rideshare insurance
Buying a Six-Month Mississippi Insurance Policy and Canceling It Early
Reputable car insurance companies in Mississippi and other states only sell policies with a six-month term minimum. On average, a six-month insurance policy in Mississippi costs around $556. To get insurance for a shorter period, you can cancel your policy early. Most major providers will refund the premiums for what’s left of the term.
A 90-day car insurance policy in Mississippi costs an average of $278, which is half as much as the six-month policy.
If you use this strategy, MoneyGeek recommends that you avoid lapses in your insurance coverage to avoid incurring hundreds of dollars in extra costs each year.
Cheap Temporary Car Insurance in Mississippi
MoneyGeek determined the cost of auto insurance in Mississippi for a six-month, three-month and one-month policy.
On average, the following insurance companies in Mississippi offer the most affordable auto insurance for a 90-day policy:
- Travelers: $220 per 90 days
- Mississippi Farm Bureau: $222 per 90 days
MoneyGeek excluded cancellation fees in these figures since most prominent insurance carriers in Mississippi do not charge cancellation fees and will provide refunds for the unused months of coverage.
Annual Cost of Car Insurance in Mississippi by Policy Length
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Altering Mississippi Car Insurance Temporarily Depending on Your Needs
If you already have Mississippi auto insurance but need to add or reduce your coverage, the best course of action could be to alter your current policy. Short-term auto insurance is a common concern for parents who have a teenager going away for college, individuals who need to store their vehicle and those lending their car to others.
When You Should Alter Your Policy Temporarily
If your child is attending school in a different area of Mississippi, you may opt to temporarily remove them from your policy or ask for a discount.
If you're storing your vehicle, it might be a good idea to cancel everything except your comprehensive insurance. If you’re in the military, you can take advantage of USAA's auto storage discounts.
If someone else is driving your vehicle regularly, it’s a good idea to add them to your insurance coverage.
Cheap Temporary Car Insurance for Students in Mississippi
In Mississippi, if your child lives with you, you have to add them to your car insurance policy. This can be expensive. MoneyGeek found that the average yearly cost of adding an 18-year-old to an existing insurance policy in Mississippi is $2,570.
To save money on your car insurance, you can consider taking your young student off your policy for part of the year if they reside more than 100 miles away, using distant student discounts or just keeping them on your insurance policy.
MoneyGeek found that adding a student for two months over the summer costs an average of $428, compared to an average of $2,570 for a full year of coverage.
Nationwide offers the most savings for temporarily removing a student from your policy.
Annual Cost of Adding an 18-Year-Old to Car Insurance in Mississippi
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If your child attends school in Mississippi and is close enough that you can’t get a discount or take them off your policy temporarily, you may need to shop around to save money. To help you save more MoneyGeek conducted a study to determine the most affordable insurance providers for teens.
What to Do About Car Insurance if You’re Storing Your Car in Mississippi
If you have to temporarily store your car in Mississippi and want to save money, you can either switch to comprehensive-only coverage or get a car storage discount.
Switching to comprehensive-only coverage allows you to save money while storing your car by removing liability insurance coverage. In Mississippi, comprehensive and collision insurance with a $1,000 deductible costs an average of $395 per year, compared to an annual average of $798 for a policy that includes minimum liability insurance.
USAA may be a good option if you're a military member on active duty. It provides a car storage discount and a cheap insurance policy that averages $646 annually.
What to Do If You Let Someone Else Drive Your Car
If you let someone else from your household drive your car, you’ll need to include them in your policy. On the other hand, if you give someone outside your home permission to drive your car, you won’t need to make any adjustments since they will already be covered by your policy.
Buying Rental Car Insurance in Mississippi
You don’t need to purchase car insurance if you’re temporarily renting a car in Mississippi. You can opt to purchase rental car insurance from the rental company. Almost all car rental companies offer basic liability insurance and the option to add supplemental liability insurance, collision damage waivers and personal accident insurance.
Adding all these coverages typically costs an average of $46 and $58 a day depending on the insurance provider. However, based on your needs, you may be able to mix and match coverages to save money.
Finding Cheap Rental Car Insurance in Mississippi
MoneyGeek collected data in Jackson, Mississippi and found that rental car insurance costs an average of $46 and $58 per day, depending on the company. Enterprise costs $46 per day, Avis charges about $57 and Hertz costs about $58 per day on average for rental car insurance that includes collision damage waiver, supplemental liability and personal accident insurance.
If you have your own car insurance policy, you may already have liability, collision and medical payments coverage, so you may not need to purchase these coverages again.
Additionally, many credit card providers offer collision damage waiver coverage for rental cars. So, you can save money if you already have this coverage from your credit card provider.
Cost per Day of Rental Car Insurance in Mississippi
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Buying Non-Owner Car Insurance in Mississippi
Non-owner car insurance is an ideal option for those who do not own a car but need proof of coverage or an SR-22 filing to reinstate their license. In Mississippi, the average cost of non-owner auto insurance is $511 annually.
Non-owner car insurance is the cheapest way to get insured for drivers who do not own a car but are required by law to get an SR-22 in Mississippi.
How to Get Temporary Rideshare Car Insurance for Rideshare in Mississippi
Mississippi rideshare drivers are insured when they receive fares or transport passengers. However, they have a temporary gap in coverage between trips. This is when ridesharing insurance coverage comes into play. However, it is important to remember that ridesharing insurance coverage is not available in all states.
MoneyGeek evaluated the top insurers to help you find the best rideshare insurance in Mississippi.
Frequently Asked Questions About Temporary Car Insurance in Mississippi
If you want to learn more about short-term car insurance, these answers to some of the most frequently asked questions about how to get temporary car insurance in Mississippi might be helpful.
The top insurance providers in Mississippi require a minimum of six months of coverage. However, depending on your needs, there are some ways to get temporary car insurance in Mississippi.
Yes, major insurers in Mississippi will usually give you a refund for the premium paid for the remainder of the term if you cancel your policy before the six-month period expires.
Methodology
Car insurance and non-owner car insurance quotes across Mississippi were compiled in collaboration with Quadrant Information Services. As stated on our methodology page, the policies were for a 40-year-old driver and full coverage. The cost for adding a student represents the average cost of adding an 18-year-old driver to a policy.
Numbers related to the costs of one-month and three-month policies were calculated by MoneyGeek on a prorated basis with the assumption that the insurance company will provide a full refund. MoneyGeek manually collected rental car insurance costs in Mississippi using Avis’, Enterprise’s and Hertz's online resources.
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.