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Kailey Hagen has been writing about small businesses and finance for almost 10 years, with her work appearing on USA Today, CNN Money, Fox Business, and MSN Money. She specializes in personal and business bank accounts and software for small to medium-size businesses. She lives on what's almost a farm in northern Wisconsin with her husband and three dogs.
Mississippi requires all its drivers to carry car insurance, which often costs thousands of dollars per year. But savvy shoppers who know where to look for the cheapest car insurance in MIssissippi can shave hundreds of dollars off their annual bills. Here's a look at which companies offer the best car insurance in Mississippi for several common driver profiles.
The typical 35-year-old female with a clean record pays $1,944 per year for Mississippi auto insurance. And the typical 35-year-old male pays $2,007 per year. Both can save considerably by going with Direct Auto Insurance, which charges men and women $1,258 and $1,155 per year, respectively.
These insurers are also some of the best car insurance companies in Mississippi:
Direct Auto Insurance also offers the best car insurance in Mississippi for drivers with prior accidents. Those with one accident on their record pay just $1,465 -- well below the state average of $2,919 for these drivers.
Other companies that offer cheap auto insurance in Mississippi for drivers with one accident include:
Geico stands out as the best Mississippi auto insurance provider for those with a single speeding ticket on their record. Its average annual premium for these drivers is just $1,657 while the state average is $2,452 per year.
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These companies also offer cheap car insurance quotes in Mississippi to these drivers:
Teen drivers pay about $5,637 per year on average for Mississippi auto insurance. But those who choose Mississippi Farm Bureau Insurance can get the same coverage for just $3,312 per year.
Teens can also find affordable car insurance in Mississippi with these insurers:
Seniors pay a pretty reasonable $1,745 for Mississippi auto insurance, but those who choose Direct Auto Insurance could shave a few hundred dollars off this bill. Its average annual premium for a 65-year-old driver is just $1,079.
Seniors can also score great deals on Mississippi auto insurance with these companies:
Mississippi minimum car insurance costs $595 per year on average, but those who choose Direct Auto Insurance can get covered for around $283 per year.
These companies also offer cheap liability car insurance in Mississippi:
Those with bad credit pay an average of $3,205 per year for Mississippi auto insurance. But once again, Direct Auto Insurance offers a much more competitive rate. Its average annual premium for these drivers is just $1,819.
These companies also offer affordable rates on Mississippi auto insurance to drivers with bad credit:
How much is car insurance in Mississippi? That depends on a variety of factors, including the policyholder's driving history, their vehicle make and model, and their zip code. But generally, Mississippi auto insurance rates fall slightly below the national average.
Here's a look at how the state's average auto insurance rates stack up to the rest of the country for some of the categories listed above:
| Average Rate Category | Mississippi | National Average |
|---|---|---|
| Overall | $2,411 | $2,646 |
| Young drivers | $5,637 | $5,988 |
| 1 accident on driving record | $2,919 | $3,092 |
| 1 speeding ticket on driving record | $2,452 | $2,766 |
Here are some important Mississippi car insurance laws that all drivers should be familiar with:
Mississippi is an at-fault auto insurance state. This means that, in the event of a multi-car accident, the driver found to be at fault must pay for the injuries to all parties involved. This is different from no-fault states where each driver bills their own insurance for medical expenses regardless of who caused the accident.
Drivers who skip Mississippi auto insurance could face the following:
In Mississippi, all drivers must carry at least the following car insurance:
Drivers must have at least:
In addition, drivers must carry $25,000 of property damage liability coverage. This applies if the policyholder damages another person's property in an accident.
Those seeking low-cost car insurance in Mississippi should try these tips:
Here are a few other things to keep in mind when shopping for Mississippi auto insurance:
Nearly 30% of Mississippi drivers are uninsured. That's the highest rate in the country, according to the Insurance Information Institute. And it poses a huge concern for all drivers in the state.
All Mississippi drivers should consider adding uninsured and underinsured motorist coverage to their policies. Uninsured motorist coverage kicks in if a policyholder is hit by a driver without insurance. Underinsured motorist coverage applies if a policyholder is hit by a driver who doesn't have enough insurance to cover the full cost of the damages.
Policyholders hoping to protect their own vehicle should invest in collision and comprehensive coverage as well. Collision coverage pays for vehicle repairs needed after a single-car or multi-car accident while comprehensive coverage pays for damages due to animal-vehicle collisions, bad weather, theft, vandalism, and more.
RELATED: Need homeowners insurance? Check out The Ascent's guide to the best cheap Mississippi homeowners insurance.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
The data found on this page is a combination of publicly available quote data obtained directly from the carrier as well as insurance rate data from Quadrant Information Services. These rates were publicly sourced from the top ten (10) to fifteen (15) carrier markets, within each state, based on annual written premium and should be used for comparative purposes only -- your own quotes may be different.
