Homeowners Insurance in Mississippi

Finding a homeowners insurance policy shouldn't be confusing. Compare rates by city and company below.

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How to get affordable homeowners insurance in Mississippi

Home insurance is an optional — but important — product that works to keep your belongings safe in the event your home suffers damage from common incidents. A homeowners policy defends your home and your items in the event of an array of circumstances, such as fire, theft, vandalism, or wind damage.

Unlike auto insurance, home insurance isn't controlled by state legislation. Even so, there are major differences in home insurance rates on a state-by-state basis. Homeowners insurance rates in a given state vary based on the value and number of homeowners policy claims filed in that particular state, and depend on the value of the belongings and home insured on the policy.

The best way to acquire a cheap home insurance policy in Mississippi is to compare rates and consider policies from as many insurance companies as you can. Learn more about homeowners insurance costs in Mississippi via the below breakdown. Remember: your home insurance rates will vary, depending on your coverage limits.

 

Mississippi home insurance:
  1. By company
  2. Homeowners rates by city
  3. Insurance bundling discounts
  4. FAQs

 

Home insurance rates in Mississippi by company

Prices for home insurance in Mississippi vary depending on the insurer you select. Allstate offers the cheapest homeowners policies in Mississippi, at just $1,012 per year. This beats Mississippi's average cost of $2,530, providing a $1,518 price break on average statewide home insurance costs.

Start looking for cheap home insurance by reviewing the best Mississippi home insurance carriers, listed below.

 

HOME INSURANCE RATES IN MISSISSIPPI: BY COMPANY
CompanyAverage Annual Rate in Mississippi
Allstate$1,012.07
Safeco$1,493.93
Travelers$1,613.97
Mississippi Farm Bureau$1,918.71
USAA$2,223.59

 

Mississippi home insurance prices: by city

Home insurance rates in Mississippi vary by city. Rates are determined based on on city-specific variables like the number of claims filed in the immediate area, meaning your ZIP code could have a major impact on how much you pay.

The cheapest home insurance rates in Mississippi are in Tupelo. An average home insurance policy in Tupelo costs just $2,178 every 12 months — $352 less than the average policy in other Mississippi cities. Reference the below table to see the cheapest cities in Mississippi for home insurance.

 

CHEAPEST HOME INSURANCE CITIES IN MISSISSIPPI
CityAverage 12-Month Home Insurance Rate
Tupelo$2,177.60
Horn Lake$2,178.83
Southaven$2,187.25
Olive Branch$2,191.83
Columbus$2,214.60

 

Mississippi insurance bundling discounts: home + auto

If you want to save on insurance, consider purchasing your home and car insurance policies from the same company. Bundling home and auto insurance in Mississippi can save you a substantial sum each month on auto insurance. In fact, bundling policies in Mississippi may generate average annual savings of $142.

 

HOME AND AUTO INSURANCE BUNDLING SAVINGS IN MISSISSIPPI
Avg. 12-Month Auto Insurance Rate (No Bundle)Avg. Annual Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$1,510.00$1,368.00$142.0010%

 

 

Mississippi homeowners insurance FAQs

Does GEICO sell homeowners insurance in Mississippi?

Yes. GEICO is an option for homeowners insurance in Mississippi.

Does Progressive offer homeowners insurance in Mississippi?

Yes. If you own a home in Mississippi, Progressive is an option.

 

Hurricane insurance for homeowners in Mississippi

Hurricane insurance isn't actually offered as its own product, though most perils associated with these storms are covered by many standard home insurance policies. However, you will likely face what’s known as a “hurricane” or “windstorm” deductible if you live in a hurricane-prone area. Only triggered in certain conditions, these specialized deductibles work differently than the deductible for a standard peril. For a start, they are oftentimes much higher than typical deductibles, based on a percentage of your home's overall value. There is one peril, however, that is almost never covered by standard home insurance policies: flooding. Coverage for flooding must be obtained through the National Flood Insurance Program.

Some of the more affordable options for Mississippi hurricane coverage can be found below. Please note that these rates are merely estimates. You can reach out to the following companies to find more accurate rates for your specific property.

 

AFFORDABLE HOMEOWNERS HURRICANE COVERAGE IN MISSISSIPPI
CompanyAverage Annual Earthquake Insurance Rate
Safeco$1,208
Mississippi Farm Bureau$1,504
MetLife$1,621
USAA$1,831
State Farm$2,011

 



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