It can be tough to find affordable auto insurance if you have bad credit. Car insurers use credit tier as a major rating factor, setting premiums based partially on clients' credit histories. Since auto insurance companies use historical data that show those with bad credit have a greater likelihood of filing auto insurance claims, they account for for that added risk by assigning expensive rates.
How much you pay for car insurance with bad credit depends on which company you choose, where you live, and other rating factors. See below average insurance premiums for drivers with bad credit in major Mississippi cities and rates from a few of the most popular car insurance companies, , along with tips to save on auto insurance with bad credit in Mississippi.
Auto insurance with bad credit in Mississippi:
Auto insurance rates with bad credit in Mississippi
Mississippi drivers face a penalty of $1,278 per year for having a credit score in the “worst” tier. Drivers in the "poor" or "below fair to poor" credit tiers will also pay above-average rates for a car insurance policy.
MISSISSIPPI AUTO INSURANCE RATES WITH BAD CREDIT
|Credit Tier||Average Annual Rate in Mississippi|
|Below Fair to Poor||$2,576|
|Average — All Credit Tiers||$1,800|
Car insurance rates with bad credit in Mississippi cities
Car insurance prices can also fluctuate based on the specific area in which you live. Insurance companies use your ZIP code to better understand whether you're likely to file a claim: the denser your area,, the more expensive rates you’ll pay.
See below major Mississippi cities and their average auto insurance costs for drivers with low credit scores.
BAD CREDIT CAR INSURANCE RATES IN MISSISSIPPI CITIES
|City||Average Annual Rate — Worst Credit||Average Annual Rate — Poor Credit||Average Annual Rate — Below Fair to Poor Credit|
Best car insurance companies for bad credit in Mississippi
Another contributing factor to how much you pay for car insurance is the company you choose. Every car insurance company rates policies differently, giving rating factors varying weights in their pricing calculations. Credit can be a major differentiator in price between otherwise-similar car insurance companies. In Mississippi, the cheapest insurance company for a driver with bad credit is Nationwide, which offers a price break of $61 per annum in comparison to the second-cheapest company, USAA.
See prices from leading car insurance companies in Mississippi for drivers with bad credit.
MISSISSIPPI CAR INSURANCE PREMIUMS WITH BAD CREDIT — BY COMPANY
|Company||Average Annual Rate — Worst Credit|
|Mississippi Farm Bureau Insurance||$2,485|
If you're dealing with the difficulty of getting auto insurance with a bad credit history, keep these tips in mind:
- See auto insurance quotes
- Know when — and when not — to file your claims
- Know what goes into auto insurance rates