Get Cheap Car Insurance in Mississippi
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.
Want to know more? Keep reading for information on:
- Where to find cheap car insurance in Mississippi
- Best car insurance companies in Mississippi
- Mississippi’s most popular auto insurance companies
- Mississippi car insurance laws
Where can I buy cheap car insurance in Mississippi?
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.
What are the best auto insurance companies in Mississippi?
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: best car insurance rates in Mississippi
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: runner-up for cheap minimum coverage in Mississippi
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: runner-up for cheap full coverage in Mississippi
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.
What are the most popular car insurance companies in Mississippi?
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 | |||
|---|---|---|---|---|
| State Farm | 25% | |||
| Southern Farm Bureau | 11% | |||
| Progressive | 11% | |||
| GEICO | 8% | |||
| Allstate | 8% | |||
| Liberty Mutual | 8% | |||
| USAA | 6% | |||
| Nationwide | 5% | |||
| Alfa | 4% | |||
| Shelter | 3% | |||
| 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.
What are Mississippi’s auto insurance requirements?
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:
- $25,000 of bodily injury liability coverage per person.
- $50,000 of bodily injury liability coverage per accident.
- $25,000 of property damage liability coverage per accident.
You don’t need to buy car insurance to satisfy these requirements. Instead, you can:
- Post a bond equal to these minimums.
- Make a cash or security deposit for the same amounts.
Penalties for driving without insurance in Mississippi
If you are caught and convicted of driving without car insurance in Mississippi, the state may:
- Fine you $1,000.
- Suspend your driving privileges for one year, or until you show proof of insurance.
Rates after an accident in Mississippi's best and worst driving cities
We evaluated more than 100,000 insurance quotes from the 25 most populated cities in Mississippi and ranked cities by their rate of accidents, speeding tickets, DUI’s and citations. A major accident increases Mississippi's insurance rates by an average of $1,163, or 37% a year on average.
How much rates increase after an accident depends on where you live, however. For example, in Mississippi’s worst driving city, Brandon, drivers would pay an extra $1,167 after an accident. In Mississippi’s best driving city, Greenville, drivers pay an average of $1,181 more after an accident.
Accidents can stay on your insurance record for three years in Mississippi, meaning in that period, an accident can cost drivers an extra $3,489. Here’s how the best and worst driving cities in the state break down:
| Rank | City | No Accident | One Accident | Increase |
|---|---|---|---|---|
| 1 | Brandon | $2,043 | $3,210 | $1,167 |
| 2 | Meridian | $1,939 | $3,029 | $1,090 |
| 3 | Pearl | $2,089 | $3,301 | $1,212 |
| 4 | Olive Branch | $2,058 | $3,273 | $1,215 |
| 5 | Picayune | $2,137 | $3,409 | $1,272 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||||
| Rank | City | No Accident | One Accident | Increase |
|---|---|---|---|---|
| 1 | Greenville | $2,059 | $3,240 | $1,181 |
| 2 | Greenwood | $1,951 | $3,090 | $1,139 |
| 3 | Mccomb | $2,089 | $3,303 | $1,214 |
| 4 | Laurel | $1,907 | $3,021 | $1,114 |
| 5 | Columbus | $1,880 | $2,907 | $1,027 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||||
Methodology
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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