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 cheap insurance for your home in Mississippi


Home insurance is an optional but important insurance coverage. It keeps your investment insured in the event your house suffers damage from a common incident. A homeowners insurance policy defends your dwelling, attached buildings, and personal property from a variety of misfortunes, including wind damage, fire, theft, vandalism, and others.

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. 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.

The best way to find affordable homeowners insurance in Mississippi is to compare rates and consider policies from multiple insurance companies. Get an idea of average home insurance rates in Mississippi by reviewing the below data. Remember: your rates will vary, depending on your coverage limits.


Mississippi homeowners insurance:
  1. Homeowners rates by company
  2. By city
  3. Rates by coverage amount
  4. Rates by deductible level
  5. How to bundle home and auto insurance
  6. FAQs

Homeowners insurance rates in Mississippi by carrier

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.


HOME INSURANCE RATES IN MISSISSIPPI: BY CARRIER
InsurerAverage Annual 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 city

Not every city in Mississippi has equal home insurance costs. Policy rates rely on on city-specific variables 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 HOME INSURANCE CITIES IN MISSISSIPPI
CityAverage 12-Month Home Insurance Rate
Paris$1,738
Taylor$1,746
Oxford$1,747
University$1,748
Abbeville$1,756

Homeowners insurance rates in Mississippi by coverage amount

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.


HOMEOWNERS INSURANCE RATES IN MISSISSIPPI — COMMON COVERAGE AMOUNTS
Coverage LevelAverage Annual Rate
$100,000 Dwelling$1,018
$200,000 Dwelling$1,727
$250,000 Dwelling$2,131
$400,000 Dwelling$3,305

Home 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.


HOMEOWNERS INSURANCE RATES BY DEDUCTIBLE IN MISSISSIPPI
Deductible TierAverage Annual Home Insurance Rate
$500$2,271
$1,000$2,131
$1,500$2,071
$2,000$1,876
$5,000$1,629

Save by bundling home and auto insurance 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 INSURANCE BUNDLING SAVINGS IN MISSISSIPPI
Avg. 12-Month Auto Insurance Rate (No Bundle)Avg. 12-Month Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$1,510$1,368$14210%

One of the best ways to save on auto insurance is to bundle your policies. Start shopping today!



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.


Homeowners insurance and hurricanes 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.

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.


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

Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to auto and home insurance. He has a background in writing and education, as well as a master's degree from Royal Holloway, University of London. He has been quoted by CNET, iDriveSafely.com, and Kin Insurance.