INSURANCE - CAR INSURANCE

Average Cost of Car Insurance in Mississippi for 2024

Updated Jan. 9, 2024
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USAA is generally the cheapest car insurance in Mississippi for both full coverage and minimum liability policies.

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The Magnolia State has the lowest cost of living in the country, so it’s not surprising that auto coverage tends to be fairly inexpensive too. The average cost of car insurance in Mississippi is $1,359 per year for full coverage policies.

However, purchasing more coverage for your vehicle may be a good idea since Mississippi has a high rate of uninsured drivers. Here’s how much you should expect to pay and how you can save money on your car insurance.

In this article

Key takeaways

  • The average cost of car insurance in Mississippi is $518 per year for state-minimum liability policies.
  • In Mississippi, full coverage policies average $1,359 per year.
  • Teen drivers pay an average of $4,705 per year for car insurance.

How much does car insurance cost in Mississippi?

Mississippi’s premiums tend to be reasonably low. The average cost of full coverage policies — which include liability, collision, and comprehensive insurance — is $1,359 per year, compared to the national average of $1,582.

Avg. cost for full coverage Avg. cost for minimum coverage Cheapest insurance provider
$1,359/year $518/year USAA
Avg. for young drivers Avg. cost for seniors Avg. for high-risk drivers
$4,705/year $1,703/year $2,233/year

Average cost of car insurance in Mississippi by provider

When choosing an insurance provider, drivers in Mississippi have several options. Some of the largest insurance companies in the country issue policies in the Magnolia State, including State Farm, GEICO, Progressive, and Allstate.

For both full coverage and state-minimum policies, USAA has the lowest average premiums. At the other end of the spectrum, Allstate was the most expensive for both forms of coverage.

Provider Full coverage Minimum liability coverage
Allstate $1,504/year $617/year
Nationwide $1,413/year $522/year
GEICO $1,432/year $449/year
Progressive $1,147/year $530/year
State Farm $1,031/year $425/year
Travelers $1,369/year $596/year
USAA $840/year $286/year

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How does credit score affect car insurance rates in Mississippi?

Your credit score plays a big role in determining your car insurance premiums, and in Mississippi, the impact can be significant. 

Those with poor credit — meaning a score below 550 and 649 — pay an average of $2,807 for car insurance. That’s hundreds higher than the premiums for those with credit scores between 750 and 850.

Credit health Avg. annual premium
Poor (550-649) $2,807/year
Average (650-699) $2,219/year
Good (700-749) $1,979/year
Excellent (750+) $1,584/year

Average car insurance rates for high-risk drivers in Mississippi

Mississippi drivers should be aware of how driving violations can affect their premiums. A driving under the influence (DUI) conviction causes premiums to increase by $1,734 per year, on average, and an at-fault accident can raise your premiums by an average of $1,199 per year.

Violation Avg. annual premium before violation* Avg. annual premium after violation Avg. cost increase
At-fault accident $1,359/year $2,558/year $1,199
DUI $1,359/year $3,093/year $1,734
Speeding ticket $1,359/year $2,003/year $644

*Assumes clean driving record with good credit

How does age affect car insurance rates in Mississippi?

Teens are much more likely to be involved in car accidents than other age groups, so insurers usually charge them the highest rates. In Mississippi, the premiums can be thousands more per year.

The average 18-year-old will pay $4,988 per year for car insurance, about three times the rate that those in their 60s will pay.

Age Avg. annual premium
18 $4,988/year
25 $1,786/year
30 $1,748/year
40 $1,700/year
60 $1,634/year

Mississippi car insurance rates by city

In Mississippi, the city with the highest average premium was Gulfport at $1,868 per year. 

According to NeighborhoodScout, Gulfport has a crime rating of one, meaning 99% of cities in the U.S. are safer. And you have a one in 23 chance of becoming a victim of property crime in the city, which is a much higher chance than in other cities.

City Avg. annual full-coverage premium
Gulfport $1,868/year
Biloxi$1,837/year
Jackson $1,816/year
Hattiesburg $1,764/year
Oxford $1,753/year
Meridian $1,750/year

MS’s minimum car insurance requirements

Car insurance is required for all Mississippi drivers. Your policy must meet the following coverage minimums:

  • $25,000 in bodily injury insurance for one person
  • $50,000 in bodily injury insurance for two or more people
  • $25,000 in property damage coverage

However, these coverage minimums are quite low and don’t include any coverage for your vehicle or property.

Considering that Mississippi has a staggeringly high percentage of uninsured drivers — the Insurance Research Council reported that 29.4% of drivers in the state are uninsured — not having a full coverage policy could be a significant risk. Spending a bit more to insure your vehicle can save you money if you’re ever in an accident.

How to save money on car insurance in Mississippi

To save money on your car insurance premiums, use these tips:

  • Complete a safe driving course: If you are 55 or older, you can take a qualifying safe driver course and get a discount on your premiums.
  • Enroll in usage-based insurance: Usage-based insurance, also known as pay-per-mile coverage, can be a smart way to save money. It bases your rates on your actual mileage and driving habits, so those who drive safely, avoid distractions, or drive fewer-than-average miles can reduce their premiums by enrolling. Several providers offer usage-based insurance policies in Mississippi, including Progressive, Root, and State Farm.
  • Increase your deductible: The deductible is how much you must pay for repairs or damages before your insurance company starts paying the claim. Increasing the deductible will cause your premiums to drop, but choose an amount you can comfortably afford.
  • Shop around: In Mississippi, rates vary a great deal between companies; the average premiums of some companies were hundreds more than the state average. Shop around and get quotes from the best car insurance companies to compare policies and get the lowest rates.

Methodology

Our analysis was conducted using six different auto insurance marketplaces to determine the average cost of auto insurance in each state. The data we analyzed included coverage premiums from up to 10 different insurance providers. We looked at rates by city, driver profile, and credit score, as well as factored in the impact of driving violations. This data is for comparative purposes only. Your actual quote may be different.

FAQs about car insurance costs in MS

Is car insurance expensive in MS?

With Mississippi’s low cost of living, car insurance tends to be less expensive. The average premium for full coverage policies is $1,359 — compared to the national average of $1,582.

How much is car insurance per year in MS?

The average cost of car insurance in Mississippi is $1,359 per year for full coverage policies. The average price of state-minimum liability coverage is $518 per year. 

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Author Details

Kat Tretina Kat Tretina is a personal finance expert focusing on practical financial matters, including student loans, debt repayment, side hustles, insurance, and healthcare. Drawing from her personal experience, she aims to simplify complex financial topics and provide individuals with the information they need to make informed decisions.