Homeowners Insurance in Mississippi

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

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Find inexpensive 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. Homeowners insurance covers your house and property in the event of a variety of circumstances, such as wind damage, fire, theft, vandalism, and more.

Large gulfs exist in homeowners insurance costs from state to state. Homeowners insurance prices in US states diverge based on the value of — and frequency of — homeowners policy claims statewide, and depend on the value of the belongings and structures covered by the policy.

The best way to get a cheap home insurance policy in Mississippi is to get quotes from multiple insurance companies. Get an idea of home insurance rates in Mississippi by referencing the below tables. Your rates may vary, depending on your coverage limits.

Homeowners insurance in Mississippi:
  1. By insurance company
  2. Costs by city
  3. How to bundle home and auto insurance

Home insurance prices in Mississippi by insurer

Rates for home insurance in Mississippi vary depending on which insurer you choose. Allstate sells the cheapest homeowners insurance in Mississippi — just $1,012 per year. This is less than the state average cost of $2,530, providing a $1,518 price cut on the typical rates in the state.

Begin your search for a homeowners insurance policy by reviewing the best Mississippi carriers, listed below.

InsurerAverage 12-Month Rate in Mississippi
Mississippi Farm Bureau$1,918.71

If you're interested in a different form of homeowners insurance, you should consider Hippo! They streamline the shopping experience in order to decrease overhead costs. Click below to get started.

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Mississippi homeowners insurance costs: by city

Not all Mississippi cities have the same home insurance rates. Pricing may depend on city-specific variables, such as the number of claims filed nearby, meaning your ZIP code could have a major impact on how much you pay.

The most affordable homeowners insurance in Mississippi is available in Tupelo. An average home insurance policy in Tupelo costs just $2,178 per year — $352 less than the state average. The below table shows the best places to live in Mississippi if you’re looking for cheap homeowners insurance.

Average Annual Home Insurance Rate
Horn Lake
Olive Branch


Tip: bundle home and auto insurance in Mississippi

If you want to save, consider carrying your home and auto policies with the same insurance company. Bundling auto and home insurance in Mississippi can save you a substantial sum each month on your auto insurance policy. In fact, bundling policies in Mississippi leads to yearly savings of $142.

Avg. Yearly Auto Insurance Rate (No Bundle)
Avg. Annual Auto Insurance Rate (Bundle)
Annual Bundle Savings
Bundle Savings %


One of the best ways to save on auto insurance is to bundle policies. Compare rates today!


Compare rates from top car insurance companies.

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Home insurance and tornadoes in Mississippi

A tornado can strike with little warning. There isn't much that can be done to protect yourself and the results can be disastrous. Therefore, it's incredibly important to protect your home against tornadoes in Mississippi, which endures 45 tornadoes each year.*

Tornado damage is typically caused by wind, so make sure your current homeowners policy includes windstorm protection, which comes standard in most homeowners policies.

Wind protection provides coverage to a building's exterior and overall structure. However, depending on the type of policy you have, damage to the building's interior may only be covered when it is caused by exterior damage, like a tree branch breaking a window. Detached structures are also covered, normally about 10% of the amount at which the home is insured. Please note that certain losses brought about by the storm may not be covered by insurance. For instance, if the storm that produced the tornado also causes flooding that damages your home, it won’t be covered unless you've previously added flood insurance to your policy.

*Source: NOAA'S National Weather Service (https://www.spc.noaa.gov/gis/svrgis/)


Homeowners insurance and hurricanes in Mississippi

Because hurricanes can cause catastrophic destruction and completely demolish structures altogether, insurance companies are hesitant to assume the full risk of hurricanes as a whole. If you live in Mississippi, you could be vulnerable to suffering hurricane damage. In fact, 9,261 single-family residences are exceedingly vulnerable to hurricane damage in Mississippi.*

If you live in a coastal area, it's crucial to examine the details of your homeowners policy because usually a basic policy won't be sufficient to cover damage by hurricanes — you would need separate windstorm and flood policies, both of which would be applicable to pay for the damages. Depending on your location, your insurance company may make it compulsory to have a separate deductible for hurricanes if you live somewhere that's especially vulnerable.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hurricanes)


Flooding and homeowners insurance in Mississippi

Damage from flooding— no matter the circumstances under which it occurs —is not covered by homeowners insurance policies. To insure your home against flood damage, get flood insurance from a private insurance company or through the National Flood Insurance Program (NFIP).

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

  • $250,000 structural coverage
  • $100,000 personal property coverage

If the value of your home and personal property exceed these limits, consider finding a policy from a private company.

Flood insurance is especially important in Mississippi, which faced $20,041,301 in flood insurance claims in 2016, according to the Federal Emergency Management Agency.