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Mississippi homeowners insurance: what you need to know

The average cost of a Mississippi home insurance policy is $1,727 per year or $144 per month. This is significantly more than the national average.  The best way to find affordable homeowners insurance in Mississippi is to compare rates and consider policies from multiple insurance companies. 

Unlike car insurance policies, homeowners insurance isn't priced based on state-level laws. Even so, major discrepancies exist in homeowners insurance costs from state to state including Mississippi. Home insurance policy rates by state may differ based on the value of — and frequency of — homeowners claims filed in that state, and also on the value of the belongings and property you're covering.

Get an idea of average home insurance rates in Mississippi by reviewing the below data. 

 

Table of contents:
  1. Rates by company
  2. Rates by coverage amount
  3. Rates by deductible amount
  4. Rates by city
  5. Bundling savings
  6. Frequently asked questions
  7. Natural disaster coverage

 

The cheapest home insurance companies in Mississippi

Rates for homeowners insurance in Mississippi can vary based on the insurance company you select. Allstate offers the cheapest home insurance policies in Mississippi — just $1,012 per year. This compares favorably to the state average price of $1,727, offering a $715 discount on the state's average rate.

Get a head start on looking for cheap homeowners insurance by viewing average rates from top Mississippi companies, listed below.

 

AFFORDABLE HOME INSURERS IN MISSISSIPPI
Insurance CompanyAverage Yearly Rate in Mississippi
Allstate$1,012
Safeco$1,494
Travelers$1,614
Mississippi Farm Bureau$1,919
USAA$2,224

 

Mississippi home insurance prices by coverage levels

How much you spend on home insurance coverage is greatly affected by the level of coverage you choose. In Mississippi, carrying $100K dwelling coverage costs an average of $1,018 per year, while carrying additional coverage up to $400K costs $3,305/year.

 

POPULAR COVERAGE LIMITS IN MISSISSIPPI
Coverage LevelAverage Annual Cost
$100,000 Dwelling$1,018
$200,000 Dwelling$1,727
$250,000 Dwelling$2,131
$400,000 Dwelling$3,305

 

Homeowners insurance deductibles in Mississippi

One of the multiple decisions available when shopping for homeowners policies is the amount of your deductible. A homeowners deductible is how much your insurance requires you to pay out of pocket toward a claim. Where you choose to set your homeowners deductible is linked to how much you will pay for insurance.

When considering your homeowners deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. Therefore, if you need your home insurance rates to be lower, it pays to keep your deductible higher. Bear in mind that your deductible should not be set at an amount that you would have difficulty paying in the event of a loss.

Take a look at may of the average deductibles offered by home insurance companies and an approximation of average insurance costs.

 

HOME INSURANCE PREMIUMS BY DEDUCTIBLE IN MISSISSIPPI
Deductible TierAverage Annual Homeowners Insurance Rate
$500$2,271
$1,000$2,131
$1,500$2,071
$2,000$1,876
$5,000$1,629

 

Mississippi homeowners insurance costs by city

Not every city in Mississippi has equal home insurance costs. Policy rates rely on on city-specific factors like the number of claims filed nearby, meaning your specific ZIP code impact how much you pay.

The best homeowners insurance in Mississippi is found in Paris. An average home insurance policy in Paris costs $1,738 annually. The below table shows the best places to live in Mississippi if you’re looking for cheap homeowners insurance.

 

CHEAPEST CITIES FOR HOMEOWNERS INSURANCE IN MISSISSIPPI
CityAverage 12-Month Home Insurance Rate
Paris$1,738
Taylor$1,746
Oxford$1,747
University$1,748
Abbeville$1,756

 

Home and auto insurance bundling in Mississippi

If you're trying to save on insurance, consider purchasing your homeowners and car insurance policies from the same company. Bundling auto and home insurance in Mississippi can lead to substantial savings on car insurance. Purchasing bundled policies in Mississippi leads to yearly savings of $142.

 

HOME AND AUTO BUNDLING DISCOUNTS IN MISSISSIPPI

Avg. Annual Rate (No Bundle)

Avg. Annual Rate (w/ Bundle)

Annual Savings ($)

Annual Savings (%)

$1,510$1,368$14210%

 


 

Mississippi homeowners insurance FAQs

 

Does GEICO have homeowners insurance in Mississippi?

Yes - GEICO is an option for homeowners insurance if you own a home in Mississippi.

Does Progressive offer homeowners insurance in Mississippi?

Yes - if you own a home in Mississippi, Progressive is an option for insuring your home.

 


 

Natural disaster coverage in Mississippi

 

Does homeowners insurance cover tornadoes in Mississippi?

Because hurricanes can cause devastating destruction and demolish structures altogether, insurance companies remain hesitant to assume the full risk of hurricanes as a whole. If you live in Mississippi, you could face increased risk of sustaining hurricane damage. In fact, 102,596 single-family residences are at extreme risk of hurricane damage in Mississippi.1

If you live near the coast, it's essential to verify the details of your homeowners insurance policy because a basic home policy won't be sufficient to cover the costs of repairing damage caused by hurricanes — you would need separate windstorm and flood insurance policies, which would work together to cover repairs or replacements. Depending on your location, your insurer may make it compulsory to have a separate hurricane deductible if you reside in an area that's at high risk for hurricanes.

Learn about high-risk homeowners insurance here.

 

HURRICANE DEDUCTIBLE RATES IN MISSISSIPPI
CompanyAverage Annual Rate w/ Hurricane Endorsement
Liberty Mutual$1,208
Southern Farm Bureau$1,504
MetLife$1,668
USAA$1,831
State Farm$2,179

 

Does homeowners insurance cover flooding in Mississippi?

Flood insurance is a necessity for many in Mississippi. Flood damage — whether a byproduct of a downpour or a hurricane —is not covered by homeowners insurance policies. To insure your home against flood damage, acquire insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurer. 

Flood insurance coverage from private companies may vary, but NFIP flood insurance covers:

  • $250,000 for your home’s structure
  • $100,000 for your personal property

If the value of your personal property and home exceeds these limits, consider purchasing a flood insurance policy from our partners at Neptune for additional protection.

 

Find an affordable homeowners policy in Mississippi today!

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Ross Martin
Ross MartinManager, Content Quality

As a licensed insurance agent, Ross researches and writes insurance content intended to help users make informed decisions.

Ross's background is in writing and education. He holds a master's degree from Royal Holloway, University of London.

Ross's work has been cited by The New York Times, Investopedia, The Simple DollarThe BalanceCar and Driver and Fox Business. He has been quoted by CNET, I Drive Safely and Kin Insurance

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.

  • The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.

  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.

  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.