Finding the cheapest auto insurance in Mississippi is possible whether you’re on the Gulf Coast, Tupelo, or anywhere else. A little research and comparison shopping is all it takes to find the cheapest coverage in Magnolia State.
The state ranks number one in the nation for the number of fatalities, most of which are due to poor containment. Nonetheless, Mississippi residents can get cheap auto insurance as long as they meet the state’s minimum coverage requirements. The average cost of auto insurance in Mississippi is $429 per year for minimum coverage and $1,714 per year for full coverage.
cheapest auto insurance in mississippi
Fares between airlines are as varied as Mississippi’s 29,000 miles of well-maintained highways. Here are the cheapest options from the most popular companies in the country.
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Metropolitan or MetLife is an affordable insurance company with an average annual minimum coverage of $482. One of the many discounts available is bundling the policy with your home insurance, saving you up to 15%. MetLife also offers bulk insurance and deductible claims.
Nationwide offers affordable options with minimum premiums averaging $320 per year. Nationwide also offers a variety of policyholder discounts and many opportunities to customize your insurance. Discounts range from safe driving to paper-free, and some have a significant impact on the cost of your premium.
Progressive is another insurance company looking at affordable insurance options. Our popular Name Your Price tool allows you to create policies based on your budget while taking advantage of as many discounts as possible. Discounts are available in a variety of categories, from safe driving to honors. There are also discounts if you get a quote online and belong to certain clubs or alumni associations.
State Farm is another option for affordable car insurance premiums. State Farm is ideal for Mississippi residents who want to manage their policy through an app, website, agent, or customer service number, no matter how much premium they pay.
State Farm also offers a wide range of discounts to save you even more, including our popular Drive Safe program and Save and Steer Clear. State Farm offers additional discounts for loyal customers, outstanding students, and secure vehicle options.
USAA provides access to affordable auto insurance for active duty military personnel, veterans, and their families in Mississippi. USAA offers the cheapest plan if you meet the eligibility requirements. Minimum coverage starts at $274 per year.
USAA offers low rates through various military family discounts. There are typical discounts for providers such as multiple policies and multiple vehicles. But there are other premium discounts such as: B. Excellent student, safe driving, driving training. Premiums are further reduced as years of service increase.
Affordable Coverage for Mississippi Drivers
The minimum auto insurance requirements for Mississippi residents are $25,000 for personal injury per person, $50,000 for personal injury per accident, and $25,000 for property damage per accident.
Additionally, each driver must carry proof of insurance coverage at all times. Proof of this indemnity must be presented to law enforcement officers upon request. Failure to do so will result in penalties.
When looking for the cheapest auto insurance in Mississippi, you may be tempted to purchase minimum coverage. However, this leaves your finances vulnerable to disaster if you get into an accident that proves to be your fault. For example, if multiple people were injured in a car accident you caused, but he only had $50,000 in personal injury coverage per accident, that amount may not cover all medical expenses. You will be financially responsible for the difference.
How to get cheap car insurance in Mississippi
The good news is that in addition to comparison providers, there are several ways to get cheap auto insurance in Mississippi.
Getting multiple quotes is great for getting the lowest prices. Not only do they compare providers and discounts, but they also personally compare coverage options.
Taking advantage of all discounts is another proven way to get the lowest prices. While some discounts are easier to redeem, there may be lesser-known options such as multiple policies and multiple lines. Be sure to request a list of all discounts available from your carrier.
Increasing deductibles is another tactic used to lower premiums. If you increase your deductible and increase your liability, your premium will go down. The only caveat is to make sure you can cover the deductible amount of your savings.
Finally, improving your credit score affects reward value. Monitoring report errors, paying bills on time, and reducing credit utilization are all useful ways to improve your score and lower your premiums.
Frequently Asked Questions
What is the best auto insurance in Mississippi?
There are many factors that determine whether an airline is the best, but there are also some that stand out for their financial ratings, customer service and competitive fares. Alfa Insurance ranks #1 in all three factors and tops the list of best auto insurance companies in Mississippi.
What is the average cost of auto insurance in the US?
The average cost of minimum coverage auto insurance in Mississippi is $429 with full coverage of $1,714. Comparing this to the national average of $563 for minimum coverage and $1,738 for full coverage annually, Mississippi sits in the middle of the table, ranking 19th for highest premium.
Can I change insurance companies at any time?
Yes, you can switch insurance companies at any time, but check beforehand if there will be penalties for canceling your policy before the renewal period. It is also wise to purchase a new policy before canceling the old policy.
Business Insurance uses Quadrant Information Services to verify rates for all zip codes and carriers in all 50 states. The rates quoted in Washington DC are based on her 40-year-old driver with a clean driver’s license and good credit history. Total coverage limits for:
- $100,000 liability insurance per person
- $300,000 liability for personal injury
- $50,000 liability for accident property damage
- $100,000 per person personal injury caused by an uninsured driver
- $300,000 bodily injury to uninsured driver due to accident
- $500 Over Collision
- $500 Total Deductible
To determine the minimum coverage, Asegranzas para Negocios used the minimum coverage corresponding to each state’s requirements. The sample driver owns a 2018 Honda Accord, travels 5 days a week, and drives 12,000 miles per year.
These are sample rates and should only be used for comparison purposes. Offers may vary.