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USAA is the best company for cheap car insurance in Mississippi, according to QuoteWizard’s survey of carriers serving the state.
Mississippi drivers pay an average of $446 per year when they buy the minimum amount of car insurance the state requires from USAA. They pay an average of $893 per year for a full-coverage policy when they buy it from the same company.
Not everyone can buy insurance from USAA because the company only covers active military, veterans and their eligible family members. If you don’t qualify, State Farm and Mississippi Farm Bureau provide drivers in Mississippi cheap minimum-coverage and full-coverage policies, too. In fact, we found that a typical driver here pays an average of $488 per year when they get a minimum-coverage policy from State Farm. And they pay an average of $927 per year when they get a full-coverage policy from Mississippi Farm Bureau.
These rates are quite a bit cheaper than the state averages for car insurance policies. Based on our data, a typical Mississippi driver spends $630 per year on minimum coverage and $1,236 per year on full coverage.
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USAA is the best company for cheap car insurance in Mississippi if you want state-minimum coverage. It offered our sample driver an average annual premium of $446.
USAA is the best company in Mississippi for cheap full-coverage car insurance, too. It offered our driver an average annual premium of $893.
These average annual premiums are based on rate quotes gathered throughout the state for a typical driver.
Several other carriers also provide affordable car insurance to Mississippi drivers, our research shows. Mississippi Farm Bureau is a good example. It offered our sample driver an average premium of $927 per year for a full-coverage policy.
Not only is that just $34 per year more than USAA’s offer, but it’s $309 per year less than the state average for this kind of policy — which usually includes liability, collision and comprehensive coverage.
The quotes our driver got from State Farm, Shelter, Progressive and Alfa also came in below the state average for full-coverage car insurance, so keep them in mind while shopping for a policy in Mississippi.
Mississippi Farm Bureau and State Farm are two of the cheapest companies in Mississippi for state-minimum car insurance as well.
The average annual premium State Farm sent our sample Mississippi driver for a minimum-coverage policy was $488. That is $3.50 per month more than what USAA sent, but almost $12 per month cheaper than the state average.
The average annual premium Mississippi Farm Bureau sent our driver for minimum coverage was $518. That is $6 per month more than USAA’s average offer, but $9 per month cheaper than the state average.
Don’t forget: several rate factors determine how much you pay for car insurance, including your age, your gender and even your job. Because of that, the quotes these and other companies send you may be more or less expensive than the ones highlighted in this article.
USAA is the best car insurance company in Mississippi for drivers who want cheap coverage, based on our research. State Farm and Mississippi Farm Bureau are great options, too.
USAA is the best auto insurance company in Mississippi because it sent our sample driver the cheapest rates for both full-coverage and minimum-coverage policies.
USAA sent our driver an average rate of $446 per year for the minimum amount of auto insurance Mississippi requires. This is $184 per year cheaper than the state average for such coverage. The monthly difference between the two? Just over $15.
Also, USAA sent our driver an average rate of $893 per year for full-coverage auto insurance. This is $343 per year, or about $28.50 per month, cheaper than the state average.
State Farm sent our sample Mississippi driver an average rate of $488 per year for minimum-coverage car insurance. This is $142 per year cheaper than the state average for a minimum-coverage policy. The difference between the two in this case: $12 per month.
State Farm also offered our driver cheap full-coverage car insurance. The average rate it sent for this type of policy was $935 per year — $301 per year cheaper than the state average.
Mississippi Farm Bureau sent our sample driver an average rate of $927 per year for full-coverage car insurance. This is $309 per year, or nearly $26 per month, cheaper than the state average for such coverage.
Mississippi Farm Bureau offered our driver cheap minimum-coverage car insurance, too. Its average rate for this kind of policy was $518 per year. That is just over $9 per year cheaper than the state average.
State Farm isn’t just our runner-up pick for cheap minimum-coverage car insurance in Mississippi. It’s also Mississippi’s most popular car insurance company. According to data from S&P Global, it writes 25% of the state’s auto policies.
|Insurance company||Mississippi market share|
|Southern Farm Bureau||11%|
|Source: S&P Global|
Southern Farm Bureau, the parent company of Mississippi Farm Bureau, our runner-up for cheap full-coverage car insurance, commands 11% of the state market share in this area. That’s enough for it to be Mississippi’s second-largest auto insurer.
USAA, our choice for best rates in Mississippi, is the state’s seventh-largest auto insurer. It writes 6% of car insurance policies here.
Mississippi’s car insurance laws require the state’s drivers to carry 25/50/25 liability coverage. This means all drivers must have at least:
You don’t need to buy car insurance to satisfy these requirements. Instead, you can:
If you are caught and convicted of driving without car insurance in Mississippi, the state may:
We conducted a comprehensive study of auto insurance rates in Mississippi through Quadrant Information Services. The quotes we collected were for a single, 35-year-old male who has an excellent credit score and a clean driving record. He owns a 2012 Honda Accord and drives it an average of 15,000 miles a year. His car insurance policy has 100/300/50 coverage limits and a $1,000 deductible, where applicable.
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