Motorcycle Insurance in Mississippi: The Cheapest Quotes and Best Companies

For riders in Mississippi, the cheapest insurance policy is usually liability-only coverage. A liability-only policy typically pays for third-party bodily injuries and damage to other people’s property when you cause an accident. Since this type of policy does not cover your injuries or damages to your motorcycle, it is not the best option for the average rider in Mississippi. A policy with collision coverage is a much better option since it ensures that your asset is fully protected.

To identify the cheapest providers for a liability-only cover in Mississippi, we used a profile of a good rider with a liability-only coverage with 50/100/25.

On average, the cheapest motorcycle insurance companies in Mississippi for a liability-only policy are:

• Markel: $62 per year
• Progressive: $75 per year

Nationwide is the most expensive option for motorcycle insurance in Mississippi at $153 per year on average. Markel is 59.5% less expensive.

If you want to get the most comprehensive coverage for your motorcycle in Mississippi, a full-coverage policy will offer you the protection you need. Full-coverage policies come with collision coverage and damage protection that covers you from risks such as theft, fire and other events that may lead to loss or damage to your motorcycle. Full-coverage policies also come with a host of additional and optional coverages, such as replacement cost coverage, roadside assistance and accessories coverage. Riders who are making payments on their bike may be required to take a full coverage policy.

For this analysis, we chose coverage for a good rider in Mississippi with 50/100/25 coverage and a $500 deductible for comprehensive and collision coverage.

The cheapest motorcycle insurance companies in Mississippi for a full coverage policy are:

• Dairyland: $276 per year
• Progressive: $279 per year

Compared to the most expensive option, Nationwide, which costs $1,119 per year, Dairyland is cheaper by 75.3%. This means that riders in Mississippi can save significantly on costs by comparing quotes from different providers.

Motorcycle insurance rates in Mississippi vary depending on the provider and coverage you choose. If you opt for a policy with higher coverage limits, you will pay more for your motorcycle insurance. Additionally, factors such as the make and model of your motorcycle, your riding experience, your age and your riding record will also impact the cost of your insurance.

For most riders in Mississippi, the average cost of a full coverage policy is $530 per year or approximately $44 monthly. Compared to the national average of $364 per year, Mississippi rates are higher by $166 or 31%.

Liability-only policies cost significantly less in Mississippi, with the average cost being $107 per year. This is $34 lower than the national average of $141 per year. However, if you choose a liability-only policy, your coverage will not include any personal injury or damage to your motorcycle when you cause an accident.

To determine the average costs of motorcycle insurance in Mississippi, MoneyGeek used a policy with $50,000/$100,000 bodily injury coverage with $25,000 property damage and a $500 deductible for full coverage policies.

The best motorcycle insurance in Mississippi was identified using a comprehensive scoring system that incorporates three key metrics, including products and services offered by the insurer, affordability ratings and the financial stability of the company. Using this ranking system, MoneyGeek found that the best motorcycle insurance in Mississippi is Progressive which scored 95/100 in our analysis.

Based on MoneyGeek’s unique ranking system, the top three best motorcycle insurance providers in Mississippi are:

If you want to compare motorcycle insurance rates in Mississippi, you can get online quotes from different providers by providing the following details:

• Personal information like your age, driving experience and riding record
• The details about your motorcycle
• Your Mississippi ZIP code and address
• Insurance coverage elections (find out more about this below)

Mississippi motorcycle laws and regulations require all riders in the state to have liability coverage that meets the following basic minimums:

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

In Mississippi, state laws mandate that riders should have a 25/50/25 coverage. This means that your motorcycle policy should have a minimum limit of $25,000 per person bodily injury liability, a minimum of $50,000 per accident bodily injury liability and at least $25,000 for property damage.

Mississippi motorcycle insurance laws and requirements do not require riders to have uninsured motorist coverage or underinsured motorist coverage. Personal injury protection (PIP) coverage is also not mandated by law, but most full coverage policies will have these coverages.

If you are wondering about options and rates for motorcycle insurance in Mississippi, here are some answers to the most frequently asked questions.

MoneyGeeks compared motorcycle insurance quotes from different providers using varying coverage amounts and driver profiles to determine the cheapest motorcycle insurance provider in Mississippi. A weighted scoring based on affordability (60% weighting), product offerings (30% weighting) and financial stability metrics from AM Best (10% weighting) were used to identify the best motorcycle insurance provider in Mississippi. We used the most recent information from the Mississippi state DMVs to ensure the accuracy of the data.