Key Takeaways
- State Farm has the cheapest average car insurance quotes for most Mississippi drivers.
- The cost of car insurance in Mississippi tends to be higher than the U.S. average.
- A key reason for Mississippi's high rates is that it has the most uninsured drivers in the country.
- Although USAA has the most affordable car insurance rates in Mississippi, the company only provides insurance products to currently serving and veteran military members.
In this article
The best car insurance a companies in Mississippi
Key Takeaways
- State Farm: Cheapest overall
- Farm Bureau: Best for drivers with bad credit
- USAA: Best for military members
State Farm has the lowest rates for both minimum-coverage and full-coverage auto insurance in Mississippi. It charges an average rate of $47 a month for minimum coverage and $96 a month for full coverage. To compare, the average rate for minimum coverage in Mississippi is $95 a month, and the average full-coverage rate is $195.
For Mississippi drivers with bad credit, Farm Bureau has the best car insurance rates. Its average full-coverage rate for drivers with a poor credit status is $219 a month. To compare, the average rate in Mississippi for drivers with poor credit is $333 a month.
USAA's average rate for full-coverage car insurance in Mississippi is $100 a month. On top of low premiums, USAA is known for being the cream of the crop for customer satisfaction. USAA only provides car insurance for currently serving and veteran military members, as well as their families. If this sounds like you, consider USAA.
To find the best and cheapest car insurance for you, compare rates from several companies while you shop.
Mississippi car insurance minimum limits
The state of Mississippi requires its drivers to carry the following minimum-coverage car insurance limits:
| Coverage type | State requirements |
|---|---|
| Bodily injury liability | $25,000 per person/$50,000 per accident |
| Property damage liability | $25,000 |
| Source: mid.ms.gov | |
While these limits may seem like enough coverage, a major accident can cause you to hit these limits quickly with court costs and medical bills. To avoid having to pay out of pocket once your limits are reached, we recommend raising your liability limits to:
- Bodily injury per person: $100,000
- Bodily injury per accident: $300,000
- Property damage liability per accident: $100,000
Mississippi's cheapest minimum-coverage auto insurance: State Farm
State Farm has the cheapest minimum-coverage car insurance in Mississippi, with an average rate of $47 a month. This is 51% cheaper than the state average of $95 a month.
Minimum-coverage car insurance covers damage you cause to others.
| Company | Average monthly rate |
|---|---|
| State Farm | $47 |
| Progressive | $58 |
| Farm Bureau | $74 |
| Allstate | $92 |
| GEICO | $126 |
| Nationwide | $157 |
| Shelter | $162 |
| USAA | $46 |
| Rates are for minimum-coverage car insurance for a 35-year-old male with a good driving record. | |
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Cheapest full-coverage auto insurance rates in Mississippi: Progressive
State Farm also has the cheapest rates for most drivers in Mississippi looking for full-coverage auto insurance, with an average of $195 a month. While USAA actually has the second-cheapest rate in the state at $100 a month. However, because it only sells insurance to current and retired military, Farm Bureau offers the second-cheapest full coverage to most Mississippi drivers at $126 a month.
| Company | Average monthly rate |
|---|---|
| State Farm | $96 |
| Farm Bureau | $126 |
| Progressive | $136 |
| Allstate | $209 |
| Shelter | $260 |
| GEICO | $307 |
| Nationwide | $329 |
| USAA | $100 |
| Rates are for full-coverage car insurance for a 35-year-old male with a good driving record. | |
Full-coverage auto insurance usually consists of liability, comprehensive and collision coverage. This is good protection to get, as minimum coverage only pays for the repairs and injuries of others. To cover your own losses, you need full coverage.
Cheapest car insurance for Mississippi drivers with bad credit: Farm Bureau
Farm Bureau has the lowest average full-coverage rate of $219 a month for most Mississippi drivers with poor credit. Progressive comes in second at $223.
| Company | Average monthly rate |
|---|---|
| Farm Bureau | $219 |
| Progressive | $223 |
| GEICO | $338 |
| Allstate | $338 |
| Shelter | $377 |
| Nationwide | $482 |
| State Farm | $500 |
| USAA | $190 |
| Rates are for full-coverage car insurance for a 35-year-old male with poor credit and a good driving record. | |
Providers tend to see poor credit as a risk factor when calculating your car insurance quote, although some states are starting to forbid credit ratings to be used in premium calculation.
Cheapest car insurance for Mississippi drivers with a prior incident
After a speeding ticket, an accident or a DUI, it's likely you'll see an increase in your rates. Progressive has the cheapest insurance rates available for Mississippi drivers with an offense on their record. Here's the breakdown across various driving offenses.
Cheapest for drivers with a speeding ticket: State Farm
If you have a speeding ticket on your record, State Farm has the cheapest auto insurance rate of $95 a month for full coverage. Farm Bureau is next at $107 a month.
| Company | Average monthly rate |
|---|---|
| State Farm | $95 |
| Farm Bureau | $107 |
| Progressive | $132 |
| Allstate | $186 |
| GEICO | $222 |
| Shelter | $247 |
| Nationwide | $257 |
| USAA | $91 |
| Rates are for full-coverage car insurance for a 35-year-old male with one speeding ticket on his driving record. | |
With a clean driving record, there is the possibility that your first speeding ticket may not result in a rate hike. If it does, the increase can stay on your car insurance for three to five years. That can result in hundreds of dollars out of pocket during that time.
Cheapest for Mississippi drivers with an at-fault accident: State Farm
After their first accident, Mississippi drivers get the most affordable car insurance from State Farm with an average rate of $106 a month. Farm Bureau is the next-cheapest at $129 a month.
| Company | Average monthly rate |
|---|---|
| State Farm | $106 |
| Farm Bureau | $129 |
| Progressive | $174 |
| Allstate | $254 |
| GEICO | $296 |
| Shelter | $305 |
| Nationwide | $332 |
| USAA | $105 |
| Rates are for full-coverage car insurance for a 35-year-old male with one at-fault accident on his driving record. | |
Cheapest for drivers with a DUI: State Farm
If you have a DUI, your lowest car insurance rate in Mississippi is with State Farm at $95 a month. The next-cheapest option is Progressive at $133.
| Company | Average monthly rate |
|---|---|
| State Farm | $95 |
| Progressive | $133 |
| USAA | $134 |
| Farm Bureau | $169 |
| Allstate | $228 |
| Shelter | $344 |
| Nationwide | $543 |
| GEICO | $556 |
| USAA | $134 |
| Rates are for full-coverage car insurance for a 35-year-old male with one DUI on his driving record. | |
If you are pulled over and found to have a blood alcohol content (BAC) of 0.08%, you're guilty of driving under the influence (DUI). The penalties for a first-offense DUI in Mississippi include a fine of $250 to $1,000 and/or 48 hours imprisonment. You also face one-year license suspension, but this may be reduced to 90 days after completing the mandatory Mississippi Alcohol Safety Education Program (MASEP).
Car insurance companies consider drivers with a DUI to be among the highest-risk drivers, and will raise your rates as a result. Furthermore, they may not offer you coverage at all.
Cheapest car insurance for senior drivers: State Farm
Senior drivers in Mississippi pay the cheapest car insurance rates with State Farm, with an average rate of $89 a month. Farm Bureau is next at $108 a month.
| Company | Average monthly rate |
|---|---|
| State Farm | $89 |
| Farm Bureau | $108 |
| Progressive | $127 |
| Allstate | $220 |
| Shelter | $230 |
| Nationwide | $301 |
| GEICO | $318 |
| USAA | $97 |
| Rates are for an 65-year-old male with a clean driving record. | |
Senior drivers pay higher auto insurance rates than most younger demographics. This is due in large part to the risk that can occur from reflex loss that happens with age. Seniors with clean driving records will still pay a lower premium than teen drivers.
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Cheapest car insurance for young drivers: State Farm
State Farm has both the cheapest minimum- and full-coverage auto insurance rates for teen drivers in Mississippi. State Farm's average rate for minimum-coverage is $139 a month, and $289 a month for full coverage. Farm Bureau is next at $228 for minimum coverage and $364 for full coverage.
| Company | Average monthly rate |
|---|---|
| State Farm | $139 |
| Farm Bureau | $228 |
| Progressive | $249 |
| Allstate | $344 |
| GEICO | $405 |
| Nationwide | $461 |
| Shelter | $604 |
| USAA | $119 |
| Company | Average monthly rate |
|---|---|
| State Farm | $289 |
| Farm Bureau | $364 |
| Progressive | $567 |
| Allstate | $905 |
| GEICO | $992 |
| Shelter | $1,014 |
| Nationwide | $1,017 |
| USAA | $263 |
| Rates are for an 18-year-old male with a clean driving record. | |
Teens pay the highest rates for auto insurance due to their lack of driving experience. We have found, however, that if you put your teen on your own car insurance, they'll pay 48% less in premiums.
Cheapest car insurance for married drivers: State Farm
Married drivers pay the cheapest rates in Mississippi with State Farm, with an average rate of $96 a month. The next-cheapest option is Farm Bureau at $110 a month. Car insurance providers tend to view married drivers as a lower risk, and this is reflected in their rates.
| Company | Average monthly rate |
|---|---|
| State Farm | $96 |
| Farm Bureau | $110 |
| Progressive | $111 |
| Allstate | $198 |
| Shelter | $260 |
| Nationwide | $306 |
| GEICO | $317 |
| USAA | $91 |
| Rates are for full-coverage car insurance for a married 35-year-old male with a good driving record. | |
Frequently asked questions
The average cost of minimum-coverage car insurance in Mississippi is $95 a month. Full-coverage car insurance costs an average of $195 a month.
State Farm has the lowest car insurance rates for most drivers in Mississippi, regardless of insurance history.
- Bodily injury per person: $25,000 for bodily injury
- Bodily injury per accident: $50,000 for bodily injury
- Property damage: $25,000
Methodology
The rates shown in this article are based on an analysis of more than 300,000 auto insurance quotes obtained from Quadrant Information Services for sample drivers from across Mississippi.
Unless otherwise noted, our sample driver is a single 35-year-old with good credit. All sample drivers own a 2012 Honda Accord LX that they drive for an average of 13,500 miles per year.
Our senior base driver is a 65-year-old male with a good driving record. Our young base driver is an 18-year-old male with a good driving record.
Minimum-coverage rates reflect the cost of policies meeting the minimum liability limits required by the state.
Full coverage policies include the following coverages, limits and deductibles:
- Bodily injury liability: 100,000 limit per person/$300,000 limit per accident
- Property damage liability: $100,000 limit
- Collision: $500 deductible
- Comprehensive: $500 deductible
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