Average cost of car insurance in Mississippi for 2024

How much is car insurance in Mississippi?

There are a number of factors that determine Mississippi car insurance rates. Not only will your carrier consider your age, city and coverage options, it will also calculate rates based on your driving record, gender, marital status and credit-based insurance score. To pinpoint how much Mississippi drivers spend on car insurance per year, Bankrate’s insurance editorial team analyzed rate data from Quadrant Information Services. According to our research, drivers in Mississippi pay an average of $530 a year for minimum coverage and $2,267 per year for full coverage. The average cost of insurance in the U.S. for a full coverage policy is $2,458, about 8 percent more than average car insurance costs in Mississippi.

Key takeaways

• Car insurance in Mississippi costs an average of $44 per month for minimum coverage and $189 per month for full coverage.
• Data shows Jackson residents pay the most for full coverage car insurance: $2,487, which is 10 percent more than the state average.
• Mississippi drivers under the age of 20 typically pay the most for their auto insurance, with 18-year-old males paying an average of $6,783 annually for full coverage.
• Having a DUI in Mississippi equates to average rates that are 51 percent more expensive at $3,412 per year.

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Mississippi car insurance rates by city

Location plays a large role in determining the average cost of car insurance in Mississippi. This is true at both the state and city level. It’s typical for car insurance in congested cities to be higher, as heavy traffic can make accidents more likely. That is the case in Jackson, the largest city in Mississippi, where average car insurance rates are 10 percent more than the statewide average. Below, we’ve rounded up average rates in Mississippi’s largest cities to see how they compare with the state average.

Average car insurance costs by age and gender in Mississippi

In addition to location, age and gender play a role in most states in determining your rate. Since statistics show that teen drivers are the most likely age group to be involved in an accident, they tend to pay a higher rate for their coverage. Rates (on average) go down gradually as drivers enter their twenties and continue to drop until they reach their seventies. Car insurance rates in Mississippi are also impacted by gender, with female drivers paying less, on average, than their male counterparts.

Cost considerations for young drivers in Mississippi

Mississippi law mandates that young drivers aged 16 and 17 must be on the policy held by their parents or legal guardians. Once they reach the age of 18, they can purchase their own policy. But this may not make financial sense, since their coverage is likely to be cheaper if they stay on their parents' policy as long as they can. If they maintain a clean driving record, however, their car insurance rates should gradually decline as they get older.

How does driving record impact the cost of car insurance in Mississippi?

You are likely to earn lower rates if you have a clean driving record. But, what if you have a couple of dings on your license? How much car insurance is in Mississippi will depend in part on your driving record; rates usually increase after just one speeding ticket.

The most serious infraction, and the one that will probably raise your rate the most, is a DUI conviction. Mississippi takes DUIs seriously, and you are likely to face fines and other penalties, plus more expensive car insurance premiums. If you have several driving infractions on your record, you may be deemed a high-risk driver and could need an insurer that will file an SR-22 certificate on your behalf.

The table here shows how average car insurance rates increase after different driving infractions.

Car insurance rates in Mississippi by credit tier

Another factor that may raise or lower your rate is your credit-based insurance score. Studies have shown that individuals with lower credit ratings tend to file more claims. As such, drivers with poor credit pay an average of 103 percent more for car insurance — a steeper increase than a driver convicted of a DUI. If your credit is not great, you may want to consider working with a financial planner to take steps to improve your score.

Mississippi car insurance rates by vehicle type

Car insurance rates vary by make and model, as well. If you drive a car that is relatively cheap to repair following an accident or mishap, you may pay less for your car insurance than a driver with an expensive sports car that has pricey, imported parts. That's something you may want to take into consideration when you are shopping for a new car.

Here are some sample average car insurance costs in Mississippi for a range of vehicle types to help give you a sense of what you might pay for car insurance based on your vehicle.

Estimate your car insurance cost in Mississippi

There are lots of things that go into your Mississippi car insurance costs. To help you get a better idea of what your premium might be, Bankrate created the calculator below. Enter some basic information about yourself to receive an estimate. Keep in mind that this is not an official insurance quote and should only be used to give you a better understanding of how to budget for your policy.

How to save on car insurance in Mississippi

While car insurance rates in Mississippi are typically lower than what other drivers pay across the country, it might be possible to save even more on your premiums by taking advantage of discounts. Some common car insurance discounts that many people qualify for include:

• Safe driver: If you generally drive in a safe and careful manner, consider signing up for your insurer's telematics program. It will monitor your driving in real time through the use of an app, potentially rewarding you with a discounted rate if you follow speed limits, avoid hard braking and generally drive safely.
• Bundling: One common discount available from most insurers is for purchasing more than one policy type. Most commonly, this will be home plus auto, but you may also earn a discount for bundling your car insurance with renters, motorcycle or another type of insurance.
• Claims-free: Insurers often reward drivers who make few if any claims on their policy, thus saving the company money. If you go a certain number of years (often three to five, depending on the insurer) without making a claim, you may save a percentage on your premium.
• Military: Almost all carriers offer discounts to active-duty members of the military or veterans. If you are stationed at Camp Shelby, Keesler AFB or any Mississippi military base, be sure to ask if this discount is available.

Frequently asked questions

These are sample rates and should only be used for comparative purposes.