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Mississippi Car Insurance for Bad Credit Drivers

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Doug Shaffer

By: Doug Shaffer

| Reviewed by licensed insurance agent, Amber Benka

Last Updated March 9, 2022

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Cheapest Companies for Drivers With Bad Credit in Mississippi (2022)

For drivers with bad credit in Mississippi, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies will allow you to get the best possible insurance rate for drivers with bad credit.

To simplify comparing companies, Insurify has analyzed rates from top insurance providers in Mississippi. The following are the best insurance rates from carriers that offer car insurance for drivers with bad credit in Mississippi.

Bad Credit Car Insurance in Mississippi

If you find yourself in a position where you have bad credit and aren't sure what to do about auto insurance, all hope isn't lost. Although rates will more than likely be a little higher, there are still ways to find competitive rates while living in Mississippi.

For instance, not all cities in Mississippi treat bad credit the same way. Depending on where you live in the state, there are communities that are more lenient and offer competitive rates. Another popular option you can look into is working with a carrier that offers special pricing to those with poor credit.

Mississippi Car Insurance Rates for Bad Credit Drivers

Excellent
$176
Good
$196
Average
$198
Poor
$215

Insurify's comparison tool will help you make sure you're getting the best possible quote even with a bad credit rating. You can have peace of mind you're not paying any more than need to, and customers save $48 per month on average.

How Much Does Bad Credit Impact Car Insurance Rates in Mississippi?

As to be expected, bad credit does have an impact on the insurance rates you receive in the state of Mississippi. However, the actual increase in price might not be as much as you would think. On average, drivers with bad credit tend to pay nine percent more than drivers with good credit.

Motorists who fall into the bad credit tier will pay about $216 more per year to maintain coverage on their vehicle. This isn't as expensive as other states, where drivers can pay more than $1,000 extra in coverage due to bad credit.

Avg. Monthly Cost - for Drivers with Good Credit
$199
Avg. Monthly Cost - for Drivers with Bad Credit
$217
$18 ▴
9.05% ▴
Monthly Impact of Bad Credit on Rates
Percent Bad Credit Impact Rates

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Can I Get Car Insurance With No Credit Check in Mississippi?

While there may be a few companies in Mississippi that will offer you auto insurance without a credit check, the price of the premiums is typically higher than what you can get with other providers. Often, shopping around with insurance companies that are more lenient toward bad credit is your best option for finding affordable coverage.

The main reason why insurance providers in Mississippi rely on credit ratings to determine your premium payments is that it is a good indicator of risk. The better your credit score, the more likely you are to pay your premiums on time and less likely to file a claim or participate in risky driving behaviors.

Mississippi Car Insurance Rates by Credit Tier

When it comes to credit tier, the biggest differences can be seen between those who rank as excellent and those who rank as poor. In Mississippi, drivers who are in the excellent tier pay on average $176 a month for coverage. Those in the poor credit tier pay $38 more, at an average of $214 per month.

Credit TierAvg. Monthly Cost
Excellent$176
Good$196
Average$198
Poor$215

Car Insurance Rates With Bad Credit in Mississippi Cities

Location is often one of the biggest determining factors when it comes to how much impact bad credit has on your auto insurance rates. For example, drivers who live in Biloxi tend to experience little impact to their rates when compared to a bigger city like Jackson.

CityCredit TierAvg. Monthly Cost
JacksonPoor$241
GulfportPoor$213
HattiesburgPoor$171
BiloxiPoor$164
SouthavenPoor$214
PicayunePoor$198

Tips for Researching Bad Credit Mississippi Car Insurance Rates

Insurance prices and policies can vary significantly between companies, and a state like Mississippi draws a wide variety of choices when factoring insurance rates for drivers with bad credit.
Insurify's rate comparison tool will help you make sure you're getting the best possible quote based on your needs and location. You can have peace of mind you're not paying any more than you need to, and customers save $585 per year on average.

Top Auto Insurance Companies

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Use Insurify for all of your car insurance comparison needs! Compare and connect directly with the top insurance companies to find the best rates as well as the most personalized discounts and coverage options. Insurify’s network includes over 200 insurance companies throughout the U.S. who can work with you to get you the right auto insurance policy at the cheapest price. See All Auto Insurance Companies

FAQs - Mississippi Car Insurance

  • There are many different factors that go into the how expensive your car insurance is. That said, some of the reasons why you could be paying so much for your insurance include: living in a state with high minimum insurance requirements, being a young or new driver, committing past traffic offenses like at-fault accidents or DUIs, and having a low credit score.

  • Auto insurance costs will vary between locations and insurance carriers, depending on the county Mississippi. Insurify analyzed the latest data for the five most populous cities in Mississippi to find you the cheapest quotes in each of these metropolitan areas.

  • The way to find the carrier with the best auto insurance ratings in Mississippi and save on your insurance premiums is to compare quotes from all companies in your area. Use a car insurance quotes comparison site like Insurify to compare up to 10+ real quotes for your specific driver profile and unlock savings and discounts. Rates can fluctuate greatly based on whether you're a safe driver or a high risk one, but you should never overpay. Insurify provides the cheapest car insurance quotes and companies in your area in just a few seconds.

  • During the past three years in the United States, national premium costs have risen an average of 4.5 percent annually. In states where quotes have risen, this figure has been 7.8 percent; and in those where rates have fallen, prices have decreased by approximately 6.0 percent. Individual rates by state will of course vary depending on the driver’s history and a multitude of factors.

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Methodology

The car insurance quotes displayed are based on an analysis of Insurify’s database of over 40 million quotes from 500 ZIP codes nationwide. To obtain representative rates, Insurify’s data science team performs frequent comprehensive analyses of the factors car insurance providers weigh to calculate rates including driver demographics, driving record, credit score, desired coverage level, and more.

Insurify’s analysis also incorporates the Insurify Composite Score (ICS) assigned to each insurance provider. The ICS is a proprietary rating that weighs multiple factors reflecting the quality, reliability, and health of an insurance company. Ratings used to calculate the ICS include Financial Strength Ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews. 

With the above insights and ranking methods, Insurify is able to offer car insurance shoppers insight into how various insurance providers compare to one another in terms of both cost and quality. Note, actual quotes will vary based on unique attributes including the policyholder’s driver history and their garaging address.

Doug Shaffer
Doug Shaffer

Content Writer at Insurify

Doug Shaffer is an insurance writer for Insurify. He has had the opportunity to write for several large, national insurance carriers in the past and brings with him over six years of experience working with both business and consumer products. Even though he enjoys writing for most product lines, he loves auto insurance the most. During the moments he manages to break away from the keyboard, he can be found spending time with his family.

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