Mississippi Renters Insurance

Learn more about renters insurance in Mississippi.

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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.

 
Jump to:
  1. Rates by company
  2. Rates by city
  3. Rates by coverage level
  4. Bundling discounts
  5. Frequently asked questions
 

Renters insurance prices in Mississippi by company

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
CarrierAverage Annual Rate in Mississippi
USAA$84
Mississippi Farm Bureau$202
State Farm$203
Safeco$243
MetLife$263
 

Mississippi renters insurance costs by city

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
CityAverage Annual Renters Insurance Rate
Olive Branch$304
Horn Lake$304
Tupelo$305
Southaven$307
Columbus$308
 

Renters insurance in MS by coverage tier

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 LevelAverage Annual Renters Insurance Rate in Mississippi
$25K Property$247
$50K Property$406
 

Tip: bundle auto and renters insurance 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 (%)
$1,537$1,422$1158%
 

Mississippi renters insurance FAQs

 

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.


Need renters insurance? Talk to an expert today.
Kristine Lee
Kristine Lee LinkedIn

Kristine is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has contributed to numerous publications focused on the nuances of insurance, including Automoblog, USInsuranceAgents.com, and BestCompany.com.