Best Auto Insurance Rates in Mississippi

On average, your neighbors pay $69 a month.

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Compare Auto Insurance in Mississippi

Mississippi is known as the Magnolia State. We’ve compiled useful insurance information from industry and government sources which you can use to make your car insurance savings blossom.

This page will show you which types of coverage are legally required in Mississippi and inform you about important insurance laws. It will also provide information about the cost of driving and some insights about insurance risk in Mississippi.

Average Mississippi Car Insurance Rates

How much is car insurance in Mississippi? Premiums here are cheaper than in most of the country. On average, Mississippi drivers pay 9% less for auto insurance than the average American. The average cost of car insurance in Mississippi is $827.31 per year. The national average price is $889.01.

Prices may vary depending on your car, driving record, zip code, limits, and the number of claims filed in your neighborhood.

Mississippi (MS) Average Annual Car Insurance Rates
Coverage Rates
Liability $460.50
Collision $332.22
Comprehensive $210.33
Total Cost Per Year $827.31
Price Per Month $68.94
Source: Facts + Statistics: Auto insurance

The graph below shows the change in average Mississippi rates from 2011 to 2015, the most recent year the data is available. According to the III, Mississippi car insurance rates increased from $740 in 2011 to $827 in 2015, a jump of $87 dollars, or 11.78 percent.

Mississippi average car insurance rates

Buying car insurance in Mississippi should be easy. Unfortunately, it can be the opposite when you shop for it on your own.

Instead of spending hours researching insurers by yourself, let QuoteWizard lend a helping hand. We’ll connect you to the top car insurance companies in the country so you can compare rates. In the end, you’ll not only save time, but also money!

Last year, 38,746 people used QuoteWizard to compare auto insurance quotes in Mississippi from multiple companies to lower their rates.

Best Car Insurance Companies in Mississippi

Last year, these were the most common car insurance companies reported by QuoteWizard users living in the state of Mississippi. Out of the 38,746 Mississippi drivers that used QuoteWizard to request insurance quotes last year, 7,771 had no car insurance.

Top 10 Vehicles

These are the most common vehicles owned by Mississippi drivers requesting car insurance quotes through QuoteWizard in the past year.

  1. Ford F150
  2. Chevrolet Silverado
  3. Chevrolet Impala
  4. Nissan Altima 2.5 S
  5. Honda Accord EX/LX
  6. Chevrolet Tahoe
  7. Ford Taurus
  8. Ford Ranger
  9. Ford Mustang
  10. Toyota Camry LE/XLE/SE
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Mississippi Auto Insurance Laws

Minimum Car Insurance Requirements in Mississippi

Legally, nearly all US drivers are required to carry a minimum level of insurance, but the required coverage levels vary from state to state. In Mississippi, drivers need to follow what is known as the 25/50/25 rule when it comes to their insurance policies.

This means that any policy must include the following:

  • $25,000 of coverage for bodily injury liability per person
  • $50,000 of coverage for bodily injury liability per incident
  • $25,000 of coverage for property damage liability per incident

Remember you can purchase more inclusive plans that cover more. But if you want the bare minimum required to keep you legal on the road, make sure your policy has the above protection. And, if you’ve financed your car through a lender, they’ll require that you purchase collision and comprehensive coverage to protect their investment.

Recommended Coverage Levels

Mississippi has the highest fatal crash rate in the nation. Texting while driving and low seat belt usage are two of the biggest contributors to this. This grim statistic raises insurance rates for drivers across thes tate.

Given the large number of crashes in MS, investing in collision insurance is worth a thought. Collision coverage helps repair your car in the event of a crash. If you only have minimum coverage, you’re responsible for all your own damages after an accident. That’s because a minimum policy only comes with liability, which covers damages you cause to other drivers.

Look into increasing your liability coverage levels. If you’re in a serious accident, the price tag could easily exceed your minimum liability. We recommend getting:

  • $100,000 Individual Body Injury Liability 
  • $300,000 Total Bodily Injury Liability 
  • $100,000 Property Damage Liability 

Required Proof of Car Insurance

Any time you drive in Mississippi, you must be prepared to show your car insurance identification card to law enforcement. You will get this identification card from your car insurance company when you buy a policy. The card must include all of the following:

  • Name of the insurance company
  • Policy number
  • Effective date of the policy
  • Expiration date of the policy

Penalties

If you’re convicted of operating a vehicle in Mississippi without insurance, you could face the following penalties on top of any punishment or fines imposed by a court of law:

  • Up to a $1,000 fine
  • A driver's license suspension of up to one year
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SR-22 Requirements

If convicted of a DUI, an SR-22 is required when a driver seeks to reinstate their license. “SR” stands for safety responsibility and it certifies that a driver has the minimum amount of insurance required by state law. An SR-22 is not an insurance policy; it's evidence that you have a policy.

State of Mississippi Traffic Safety Laws

Implied Consent Law

This Mississippi law requires that drivers submit to alcohol or drug testing. It tests blood, breath, or urine from drivers arrested for suspicion of driving while under the influence (DUI). Refuse the test and you’ll face license suspensions and fines.

DUI Law and Penalties

If you drive or operate a motor vehicle in the state of Mississippi with a Blood Alcohol Content (BAC) of 0.08% or higher, you are guilty of Driving While Under the Influence (DUI).

The penalties for a first offense DUI conviction are:

  • Up to 48 hours in jail
  • A fine of between $250 and $1,000
  • 90-day suspension of driver’s license

The penalties for a second offense DUI conviction are:

  • Between 5 days and 1 year in jail
  • A fine of between $600 and $1,500
  • 2-year suspension of driver’s license
  • Installation of an ignition interlock device

The penalties for a third offense DUI conviction are:

  • Between 1 and 5 years in jail
  • A fine of between $2,000 and $5,000
  • 5-year suspension of driver’s license
  • Installation of an ignition interlock device

Distracted Driving Laws

Mississippi has fairly relaxed laws concerning distracted driving. Drivers are forbidden from texting while driving, but otherwise are free to use their cell phones in the car.

Senior Drivers in Mississippi

Mississippi residents may renew their driver's license every 4 or 8 years, at the option of the driver.

Seat Belt Laws

Anyone in the front seat of a moving vehicle, age 7 or older is legally required to wear a seat belt. The maximum fine for failing to do so is $25.

The Cost of Driving in Mississippi

Average Mississippi Car Insurance Rates

The average cost of car insurance in Mississippi in 2014 was $796.99, which ranks as the 25th most expensive in the United States. The national average in 2014 was $866.31.

Car Insurance Risk in Mississippi

Traffic Fatalities

In 2014, Mississippi recorded 607 traffic fatalities, an 1% decrease from the 613 traffic fatalities in the state in 2013.

Vehicle Thefts in Mississippi

Mississippi reported 4,519 vehicles stolen in 2014 (150.9 per 100,000 people). 2013 saw a 3% increase in vehicle thefts with 4,387 (146.6 per 100,000 people).

Mississippi was significantly below the national average rate of vehicle theft which was 216.2 per 100,000 in 2014.

Top 10 Most Stolen Vehicles in Mississippi

Some cars are more prone to theft than others, be sure to check the list below to see if your car is a target on the streets.

Source: National Insurance Crime Bureau - Hot Wheels Report 2014

  1. 2013 Ford Pick-Up (Full Size)
  2. 1999 Chevrolet Pick-Up (Full Size)
  3. 2005 Chevrolet Impala
  4. 1999 Chevrolet Pick-Up (Small Size)
  5. 2013 Nissan Altima
  6. 2012 Honda Accord
  7. 1997 GMC Pick-Up (Full Size)
  8. 1997 Toyota Camry
  9. 2001 Dodge Pick-Up (Full Size)
  10. 2012 Chevrolet Malibu

Mississippi Auto Insurance Company Market Share

Source: Insurance Information Institute
Rank Market Share Company
1 12.5% Farm Bureau
2 9.7% Progressive
3 9.5% Allstate
4 5.8% Berkshire Hathaway (GEICO)
5 5.7% Nationwide
6 4.6% USAA
7 4.3% Liberty Mutual
8 3.4% Alfa
9 2.7% Shelter

Uninsured Motorists

In 2012, an estimated 22.9% of Mississippi drivers were uninsured, which was the 3rd highest percentage in the nation! The national average was 12.6%. Given how many drivers in the state are uninsured, Mississippi drivers should seriously consider adding uninsured/underinsured coverage to their car insurance policy.

Mississippi Insurance Department

Website:
Homepage
Insurance Commissioner:
Mike Chaney
Insurance Hotline:
(800) 562 – 2957
Office Hours:
Monday - Friday
8:00 am to 5:00 pm
File a Consumer Insurance Complaint
Complaint Page

Sources:

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