With its geographic location in the heart of the tornado-prone Dixie Alley and 62 miles of shoreline along the Gulf of Mexico, residents of Mississippi have endured their fair share of severe tornados and tropical storms. While home insurance rates tend to skew higher in Mississippi, there are plenty of affordable options all over the state, according to our research.
The average cost of homeowners insurance in Mississippi is $2,919 per year or $243 a month. This is around 35% higher than the national average of $1,899.
However, the cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Mississippi.
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Best homeowners insurance companies in Mississippi
Of the companies we looked at, Allstate has the lowest rates in Mississippi, with an average annual policy cost of $1,372 per year — about $1,500 less than the state average. Nationwide has the next lowest average rates, at $1,506 per year.
Policygenius analyzed thousands of quotes from the 5 largest Mississippi insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Mississippi residents to find the best homeowners insurance in Mississippi.
Company | Average yearly cost | J.D. Power Rating |
|---|---|---|
State Farm | $3,007 | 835 |
Southern Farm Bureau | $1,833 | -- |
Allstate | $1,372 | 829 |
Nationwide | $1,506 | 812 |
USAA | $2,227 | 882 |
There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.
Pros
Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage
Get up to $1 million in personal liability coverage
Score discounts for bundling, installing security devices, and choosing a high deductible
File and track claims online, over the phone, in person, or through its mobile app
High customer satisfaction and financial strength ratings
Cons
No discounts for first-time homebuyers or going a year without a claim
Read our full State Farm home insurance review
Why State Farm tops our best list
State Farm is well known for high customer satisfaction and financial strength ratings, making it one of the more dependable home insurance companies in the industry. In addition to solid ratings, State Farm gives customers numerous ways to save, including generous discounts bundling your home and auto insurance, choosing a high deductible plan, or installing protective devices in your house.
How to get a quote
Online through State Farm
Why Southern Farm Bureau tops our best list
Southern Farm Bureau has excellent customer service ratings and a low rate of customer complaints, making it a great local option for Mississippi homeowners. In addition to its customizable home insurance offerings, Southern Farm Bureau also offers flood insurance through the National Flood Insurance Program — this coverage is often a necessity for those who live close to the Mississippi River or Gulf Coast.
How to get a quote
Call or visit a local Southern Farm Bureau agent
Why Allstate tops our best list
Bundle your home and car insurance policies to earn a 25% discount with Allstate, and choose from several personalized coverage options like green improvements and mold protection. Allstate policyholders can file and track claims online or through the company’s mobile app.
How to get a quote
Online through Policygenius and Allstate
Nationwide offers flexible home insurance policy options for every home type and income level. And we love its slew of discounts for everything from having a newish roof to living in a gated community.
Pros
Offers lots of coverage add-ons, including flood and earthquake insurance
Option to rebuild roof with stronger, safer materials after a covered loss
Score discounts for living in a gated community, making home renovations, having a newer roof, and more
Seamlessly submit claims online or through its mobile app
Above-average claims satisfaction rating
Cons
Below-average customer satisfaction ratings
Water backup coverage is more expensive than with other insurers
Read our full Nationwide home insurance review here
Why Nationwide tops our best list
Nationwide customers can earn low rates by remodeling their homes, having a newer roof, or living in a gated community. With above average claims satisfaction ratings and several coverage add-ons like extended dwelling coverages and water backup protection, Nationwide is a great option for Mississippi homeowners looking for a little more from their provider.
How to get a quote
Online through Policygenius or Nationwide
Why USAA tops our best list
USAA’s base policy includes coverages that typically cost extra with other home insurance companies. In addition to best-in-class coverage, policyholders can earn discounts by opting for e-billing, having zero claims, and being a loyal USAA member.
How to get a quote
Online or by calling USAA
Cheapest homeowners insurance companies by city in Mississippi
Looking at average home insurance costs for the 15 most popular insurers in Mississippi, we found that the cheapest homeowners insurance companies in the state are Allstate, Nationwide, and Southern Farm Bureau.
The average Allstate rate in Jackson is $1,564 per year — more than twice what homeowners in the coastal city of Biloxi pay. Meanwhile, residents in Elvis Presley’s birthplace, Tupelo, pay rates of $1,594 per year with Southern Farm Bureau.
City | Company | Average yearly cost |
|---|---|---|
Biloxi | Allstate | $774 |
Brandon | Allstate | $1,387 |
Clinton | Nationwide | $1,484 |
Columbus | Allstate | $1,192 |
Greenville | Nationwide | $1,319 |
Gulfport | Allstate | $795 |
Hattiesburg | Allstate | $981 |
Horn Lake | Allstate | $1,268 |
Jackson | Allstate | $1,564 |
Madison | Nationwide | $1,215 |
Meridian | Allstate | $1,218 |
Olive Branch | Allstate | $1,268 |
Oxford | Nationwide | $1,629 |
Pascagoula | Allstate | $851 |
Pearl | Allstate | $1,387 |
Ridgeland | Allstate | $1,098 |
Southaven | Allstate | $1,268 |
Starkville | Allstate | $1,192 |
Tupelo | Southern Farm Bureau | $1,594 |
Vicksburg | Nationwide | $1,476 |
Shopping for homeowners insurance in Mississippi
Shopping for home insurance in Mississippi can be a simple process if you know where to look. By partnering with Policygenius, you can rest assured that we’ll listen to your coverage needs, help you choose the right deductible, and get you started with a policy that works for you and your house.
Mississippi residents in particular will want to make sure their dwelling coverage limit is high enough to cover the cost of a full rebuild after a potentially severe tornado or Gulf Coast hurricane.
In this section, we break down the average annual home insurance rates in Mississippi for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies for dog and pool owners and those with a poor credit score.
Mississippi home insurance costs by coverage amounts
Dwelling coverage is the part of your home insurance policy that pays to repair or repair your house after a covered loss. As construction costs continue to increase due to rising inflation, it's important to make sure your home's dwelling coverage limit reflects your home's rebuild cost and not its current market value or purchase price.
Mississippi homes with dwelling coverage limits of $100,000 or $200,000 can expect to pay $113 and $178 per month for home insurance, respectively, while a house with $400,000 in coverage costs around $312 per month to insure.
Dwelling coverage amount | Average yearly cost |
|---|---|
$100,000 | $1,358 |
$200,000 | $2,139 |
$300,000 | $2,919 |
$400,000 | $3,747 |
$500,000 | $4,764 |
Personal liability coverage is the section of your home insurance that pays for medical, legal, or repair bills in the event you're legally responsible for someone else's injury or property damage.
Liability coverage amount | Average yearly cost |
|---|---|
$100,000 | $2,994 |
$200,000 | $2,051 |
$300,000 | $2,919 |
$400,000 | $1,515 |
$500,000 | $3,030 |
Mississippi home insurance costs by deductible amount
Your deductible is the portion of each covered claim that you're responsible for paying. While increasing your deductible can lower your home insurance rate, Mississippi homeowners may want to think twice before choosing a high deductible plan due to the high risk of weather-related damage in much of the state.
Mississippi residents can save around $340 on home insurance by choosing a $2,000 deductible over the $500 option.
Deductible amount | Average yearly cost |
|---|---|
$500 | $3,252 |
$1,000 | $2,919 |
$2,000 | $2,838 |
Home insurance discounts in Mississippi
Mississippi is one of the poorest states in the country, so the threat of break-ins and burglaries is a real problem. One way to add protection to your home is by having security features like deadbolt locks, smoke alarms, and home security systems.
Here is the average annual rate and average discount percentage for homes in Mississippi with deadbolts, smoke alarms, or installed security systems.
Discount | Average yearly cost |
|---|---|
Dead bolt | $2,914 |
Smoke alarm | $2,909 |
Burglar alarm | $2,868 |
Home insurance companies in Mississippi for dog owners
If you own a dog considered to be a “dangerous breed” in Mississippi, you may see higher homeowners insurance rates. Some insurance providers charge higher rates for certain breeds because of the increased risk of attacks and subsequent liability claims.
But not all insurance companies weigh this factor as heavily as others when calculating your rates, so it's worth shopping around and comparing quotes from multiple companies.
With an average rate of $1,372 per year, Allstate has the cheapest home insurance rates in Mississippi for a home with a dangerous dog breed. Meanwhile, State Farm's average yearly rate of $3,007 is more double that of Allstate.
Company | Average yearly cost |
|---|---|
Allstate | $1,372 |
Nationwide | $1,506 |
Southern Farm Bureau | $1,833 |
USAA | $2,227 |
State Farm | $3,007 |
Home insurance companies in Mississippi for poor credit
Late or missed payments on credit cards, cars, or monthly rent can lead to higher insurance rates. Insurance companies consider a poor credit score to be an indicator of risky behavior and an increased risk of filing a home insurance claim, so many charge higher rates as a result.
With an average rate of $2,033 per year, Nationwide has the cheapest home insurance rates in Mississippi for a homeowner with poor credit. Meanwhile, State Farm's rate of $5,166 is the highest.
Company | Average yearly cost |
|---|---|
Nationwide | $2,033 |
Allstate | $2,714 |
Southern Farm Bureau | $3,135 |
USAA | $3,447 |
State Farm | $5,166 |
Home insurance companies in Mississippi for pool owners
If you have a swimming pool, chances are your home insurance rates are higher than someone without a pool. Some insurers consider pools to be high risk due to the probability of injuries and liability claims, so you'll often be charged higher rates if you have one on your property.
With an average rate of $1,372 per year, Allstate has the cheapest home insurance rates for Mississippi homes that have a swimming pool, while State Farm has the most expensive rates at $3,007 per year.
Company | Average yearly cost |
|---|---|
Allstate | $1,372 |
Nationwide | $1,506 |
Southern Farm Bureau | $1,833 |
USAA | $2,227 |
State Farm | $3,007 |
How to buy homeowners insurance in Mississippi
With its location along the coast and in the heart of Dixie Alley, Mississippi homeowners in high-risk areas will want to make sure they have more than enough dwelling coverage to pay for a full rebuild after a catastrophic storm. Additionally, residents in floodplains should consider purchasing separate flood insurance.
Reach out to a licensed Policygenius agent. Our team of licensed home insurance experts can help you find the right coverage at a price that suits your budget needs.
Consider flood insurance or additional coverage for hurricanes and tornadoes. Mississippi is known for its severe weather both in the northern and southern areas of the state. So homeowners may want to consider purchasing flood insurance or adding dwelling enhancements to their home insurance like extended or guaranteed replacement cost coverage.
Figure out how much of a deductible you can afford. A lower deductible means you’ll pay less out of pocket on each claim, but it also means you'll be paying higher monthly premiums. If your home doesn't face an exceptionally high risk of damage, consider a higher deductible plan.
Compare quotes from a Policygenius agent. Once you identify your coverage needs and input a few brief details about you and your house, a Policygenius agent will send over quotes from multiple companies.
Sign and pay your first premium. After you’ve settled on a home insurance policy that works for you and your house, all that's left for you to do is sign on the dotted line and pay your first premium. Policygenius will take it from there.
Frequently asked questions
What is the average cost of a home insurance policy in Mississippi?
The average home insurance rate in Mississippi is $243 a month or $2,919 per year. That’s nearly $1,000 more per year than the national average.
Am I required to have home insurance in Mississippi?
With its location in Dixie Alley, Mississippi homeowners face severe weather including damaging tornadoes and straight-line winds many times throughout the year. While it isn’t a requirement to have insurance, most mortgage lenders will require you to carry home insurance before loaning you money, ensuring their investment is protected when the storms come.
How can I lower the cost of my home insurance in Mississippi?
The easiest way to lower your home insurance costs is by reviewing quotes from top companies with Policygenius. Once you’ve reviewed your options, we can help you find discounts and the best deductible that works within your budget.
Why do some insurance companies charge higher rates to customers with a swimming pool?
Insurance companies consider swimming pools to be a liability risk and often charge customers higher home insurance rates. Homeowners should have enough liability coverage to cover their assets if someone sues after an injury on their property.
