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How to get affordable renters insurance in Mississippi
Renters insurance isn't required, but it is important. A renters policy keeps your personal items protected. A renters policy protects belongings in the event of smoke or fire damage, wind damage, vandalism, theft and a number of other situations.
Unlike auto insurance, renters insurance isn't governed by state legislation. Regardless, there are often differences in renters insurance prices by state. Renters insurance policy prices by state vary based on the frequency of — and value of — renters insurance claims filed in that particular state, and depend on the value of the belongings insured on the policy.
Getting renters insurance in Mississippi is more expensive than the national average. The typical annual renters insurance rate in Mississippi is $327, $142 more expensive than the average across the nation.
The easiest way to acquire cheap renters insurance in Mississippi is to compare rates from as many companies as possible. Learn more about average renters insurance rates in Mississippi via the below breakdown. Remember: your rates will vary, depending on the value of your belongings and your coverage limits.
- Rates by company
- Rates by city
- Rates by coverage level
- Bundling discounts
- Frequently asked questions
Prices for renters insurance in Mississippi will vary depending on which insurer you use. USAA provides the most affordable renters policies in Mississippi, at just $84 each year. This compares favorably to the state's average cost of $327, offering a 74% price break on average policy costs statewide.
Start looking for a renters policy by reviewing the most affordable Mississippi renters insurance carriers, listed below.
AFFORDABLE RENTERS INSURANCE COMPANIES IN MISSISSIPPI
|Carrier||Average Annual Rate in Mississippi|
|Mississippi Farm Bureau||$202|
Not all Mississippi cities have the same renters insurance rates. Prices depend on city-specific variables like the number of local claims filed, meaning your specific ZIP code impact how much you pay.
The best renters insurance rates in Mississippi are in Olive Branch. A typical renters insurance term in Olive Branch totals just $304 every 12 months — $150 less than the state average. The below table shows the best places to live in Mississippi if you’re looking for cheap renters insurance.
CHEAPEST CITIES FOR RENTERS INSURANCE IN MISSISSIPPI
|City||Average Annual Renters Insurance Rate|
Your renters insurance rates will vary depending on the amount of coverage you purchase. Two of the most common levels of renters insurance coverage are $25,000 and $50,000. In Mississippi, the average annual cost difference between these tiers is about $159. If you can afford the up-front expense, purchasing more coverage might not be a bad idea.
|Coverage Level||Average Annual Renters Insurance Rate in Mississippi|
If you're trying to save on insurance, consider holding your car and renters policies with the same insurance company. A renters and car insurance bundle in Mississippi can lead to substantial savings on auto insurance. In fact, bundling policies in Mississippi may generate average annual savings of $115.
CAR AND RENTERS BUNDLING DISCOUNTS IN MISSISSIPPI
|Avg. Annual Rate (No Bundle)||Avg. Annual Rate (w/ Bundle)||Annual Savings ($)||Annual Savings (%)|
Is renters insurance required in Mississippi?
Renters insurance is not mandatory in the state of Mississippi, but your landlord may require that you carry it as a part of your rental agreement.
What does Mississippi renters insurance cover?
A renters policy provides liability coverage, protection for the contents of your home, medical payments to others, and loss of use coverage. These options may vary depending on the policy and insurance company you choose.
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.