Very Cheap Car Insurance With No Deposit in Mississippi (2026)
No-deposit car insurance doesn’t exist, but you can compare quotes to find the cheapest options possible.
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Writer: Kim PorterInsurance Writer
Writer: Kim PorterInsurance Writer
Qualifications:
Co-authored the book “Future Millionaires’ Guidebook”
13 years writing personal finance content
A former chief copy editor at Bankrate and past managing editor at Macmillan, Kim specializes in writing easy-to-understand, actionable personal finance content.
)
Editor: MacKenzie KorrisLicensed P&C Agent, Senior Insurance Copy Editor
Editor: MacKenzie KorrisLicensed P&C Agent, Senior Insurance Copy Editor
Qualifications:
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 21630969
MacKenzie Korris is an insurance copy editor with a producer’s license for property and casualty insurance in Missouri.
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Reviewer: John LeachLicensed P&C Agent, Chief Copy Editor
Reviewer: John LeachLicensed P&C Agent, Chief Copy Editor
Qualifications:
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 20461358
John is Insurify’s Chief Copy Editor, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.
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Cheapest low-deposit car insurance companies in Mississippi
True no-deposit car insurance doesn’t exist. Zero-deposit or no-down-payment car insurance in Mississippi usually means one of two things. In some cases, it means you pay only the first month’s premium to start coverage. It can also refer to paying your premium in monthly installments or on a no-deposit incremental payment plan.
Either way, you can’t secure a car insurance policy in Mississippi without paying something. That said, many insurers require only the first month’s premium rather than a separate deposit. To get the cheapest coverage in Mississippi, focus on finding the lowest possible deposit.
The table below lists the best insurers in Mississippi for low-deposit car insurance.
Insurance Company | Monthly Rate | Estimated First Payment | Best For |
|---|---|---|---|
| State Farm | $45 | $45 | Policy flexibility |
| USAA | $47 | $47 | Military families |
| Progressive | $54 | $54 | Coverage options |
| Bristol West | $66 | $66 | High-risk drivers |
| Direct Auto | $68 | $68 | Discounts |
Disclaimer: Table data is based on real-time Mississippi quotes from Insurify’s network of 500+ insurance partners. Actual rates may vary depending on the policyholder’s individual profile and coverage needs.
Find Cheap Car Insurance in Mississippi
Compare quotes from the state’s top insurers, starting at an average of $45 per month
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Best company for low-deposit car insurance in Mississippi: State Farm
| User Reviews | 4.2 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.3 /10 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $45/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $87/mo |
4.2
Best choice in MississippiBased on 21,300 verified driver reviews and ratings
State Farm's score | Industry average | |
|---|---|---|
| Coverage options | 4.2 | 3.2 |
| Customer service | 4.4 | 3.6 |
| Discounts | 4.0 | 2.9 |
| Policy transparency | 4.0 | 3.1 |
| Value | 3.9 | 2.9 |
How drivers feel about State Farm
Customers appreciate the insurer’s excellent customer service and personal attention but dislike the high prices and frequent rate increases. They also express frustration with the claims process.
Based on analysis of verified reviews collected by Insurify
Best in Mississippi for
Showing 18 reviews from Mississippi driversSee all 8,217 State Farm reviews
Verified Review
Reviewed in Mississippi on September 25, 2026
State Farm was a good company years ago, but now their customer service skills have declined.
Verified Review
Reviewed in Mississippi on August 24, 2026
If you file a claim, be ready to pay.
Verified Review
Reviewed in Mississippi on August 2, 2026
It’s as if they don’t want you to contact your agent. They want to send generic text messages, and the agent’s answering machine is very consumer-unfriendly, in my opinion.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
673
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.84
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company
State Farm has some of the cheapest average rates in Mississippi. It lets you split your payments into monthly installments, so you can lock in coverage with a very small deposit. State Farm also lets you pick a payment date that works for you, offering more flexibility.
Pros
Cheap rates in Mississippi
Flexible payment options
Good customer service ratings
Cons
Can be more expensive for high-risk drivers
Fewer discounts than some competitors
Accident forgiveness and gap insurance not available
What is the average deposit amount in Mississippi?
Car insurance in Mississippi costs an average of $138 per month, according to Insurify data. Car insurance in Mississippi is slightly cheaper than the national average. It’s also less expensive than in neighboring Georgia and Louisiana, but more expensive than in Alabama.
While the state you live in doesn’t directly affect your deposit, some states allow insurers to charge fees. Mississippi is one of the states that allows this practice.[1] Because the amount and type of fee can vary by insurer and payment arrangement, it’s important to shop around.
Your initial premium payment typically serves as a deposit. You may pay higher rates if you have a bad driving record, poor credit, or a teen driver on your policy.
The following table shows average monthly liability-only premiums and deposits by driver profile in Mississippi, based on Insurify data.
Driver Profile | Average Monthly Rate | Estimated First Payment |
|---|---|---|
| Clean driving record | $89 | $89 |
| One speeding ticket | $108 | $108 |
| One at-fault accident | $117 | $117 |
| One DUI | $112 | $112 |
| Teen driver | $161 | $161 |
| Senior driver | $79 | $79 |
| Driver with an SR-22 | $104 | $104 |
Disclaimer: Table data is based on real-time Mississippi quotes from Insurify’s network of 500+ insurance partners. Actual rates may vary depending on the policyholder’s individual profile and coverage needs.
How to get car insurance with the lowest deposit in Mississippi
To get car insurance with the lowest deposit in Mississippi, it’s important to choose the right coverage, insurer, and payment plan. The best insurers offer payments that work with your budget.
Follow these tips to save money on car insurance in Mississippi:
Compare car insurance quotes. Insurers may charge different fees, which can affect both your deposit and total cost. Ask each insurer for an itemized quote so you can compare the amount due up front, ongoing payments, and total policy cost.
Ask about defensive-driving discounts. Many insurers offer discounts for completing a defensive-driving course. A lower overall premium may also reduce the amount you need to pay when starting the policy.
Choose higher deductibles. Higher deductibles mean lower monthly premiums. But make sure you can cover the extra out-of-pocket costs if you need to file a claim.[1]
Skip optional coverages. If you’ve paid off your car and it’s an older model, consider dropping comprehensive and collision coverage. Your deductibles may be more than what your car is worth.
Mississippi car insurance requirements
Drivers in Mississippi must have a minimum amount of car insurance to drive legally. In Mississippi, you need at least $25,000 per person and $50,000 per accident of bodily injury liability coverage, and $50,000 of property damage liability coverage.[2]
Mississippi is an at-fault state, meaning the driver who causes an accident is generally financially responsible for any damages. Liability insurance pays for the other party’s car repairs, medical bills, or funeral expenses when you’re at fault.
The state uses a pure comparative negligence system, which allows an injured person to recover damages even if they’re partly at fault. That said, the insurer will reduce the payment by the percentage of fault.
If law enforcement catches you driving without insurance in Mississippi, you’ll face a $300 fine. The fine rises to $400 for the second offense and $500 for subsequent offenses.
The table below shows Mississippi’s minimum car insurance requirements.
Coverage Type | Mississippi Minimum Requirement |
|---|---|
| Bodily injury liability | $25,000 per person/$50,000 per accident |
| Property damage liability | $50,000 per accident |
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Why car insurance deposits vary in Mississippi
Mississippi tends to have average-priced insurance deposits. Mississippi auto insurance premiums are 4% lower than the U.S. average. Rates have dropped by about 10% year over year statewide, according to Insurify data.
Car insurance deposits in Mississippi can vary based on a variety of factors, including:
State insurance laws: Mississippi’s minimum coverage limits are on par with those of many other states.[3] Drivers don’t need extra coverages like personal injury protection (PIP). In other states, higher limits and stricter requirements can lead to larger initial deposits.
Risk factors: Mississippi had the highest rate of uninsured drivers in the U.S. in 2023.[4] The state also had the highest motor vehicle crash fatality rate in 2024.[5] These risk factors can increase average premiums for everyone.
Coverage level: The coverage level you choose affects your deposit. In general, minimum coverage requires a lower deposit than full coverage. Full coverage typically includes comprehensive and collision coverage, which is why it usually costs more.
Credit score: Car insurance companies in Mississippi can use credit-based insurance scores to calculate rates.[6] Drivers with good credit usually pay lower deposits than people with poor credit.
Very cheap no-deposit car insurance in Mississippi FAQs
Here’s some additional information that can help you find very cheap car insurance with a low deposit in Mississippi.
What company has the cheapest car insurance in Mississippi?
State Farm has the cheapest car insurance in Mississippi, with an average rate of $45 per month. USAA and Progressive also have cheap rates in the state.
How can you get car insurance without paying a deposit?
You can’t get car insurance in Mississippi without making some type of up-front payment. Your deposit is typically your first month’s premium. Many insurers offer flexible payment options, like State Farm, USAA, and Progressive.
Can you get car insurance today and pay later?
No. You can’t get a car insurance policy without making a payment first. Insurers might not label it as a deposit, but monthly plans still require an initial payment. State Farm, USAA, and Progressive offer the cheapest average rates in Mississippi and may have low up-front payments. Comparing rates from multiple insurers can help you find the cheapest price for your coverage.
Sources
- Mississippi Insurance Department. "Understanding Premiums and Rates in Mississippi."
- Mississippi Department of Public Safety. "Program Information."
- Insurance Information Institute. "Automobile Financial Responsibility Limits By State."
- Insurance Information Institute. "Facts + Statistics: Uninsured motorists."
- Insurance Institute for Highway Safety. "Fatality Facts 2024."
- Mississippi Insurance Department. "Credit Scoring: How Does It Affect You?."
Methodology
Insurify data scientists analyzed more than 250 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 500+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.
Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).
Liability-only premium averages correspond to policies with the following coverage limits:
- Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
- Property damage limits between $10,000 and $50,000
- No additional coverage
- Comprehensive coverage with a $1,000 deductible
- Collision coverage with a $1,000 deductible
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Writer: Kim PorterInsurance Writer
Writer: Kim PorterInsurance Writer
Qualifications:
Co-authored the book “Future Millionaires’ Guidebook”
13 years writing personal finance content
A former chief copy editor at Bankrate and past managing editor at Macmillan, Kim specializes in writing easy-to-understand, actionable personal finance content.
Editor: MacKenzie KorrisLicensed P&C Agent, Senior Insurance Copy Editor
Editor: MacKenzie KorrisLicensed P&C Agent, Senior Insurance Copy Editor
Qualifications:
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 21630969
MacKenzie Korris is an insurance copy editor with a producer’s license for property and casualty insurance in Missouri.
Reviewer: John LeachLicensed P&C Agent, Chief Copy Editor
Reviewer: John LeachLicensed P&C Agent, Chief Copy Editor
Qualifications:
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 20461358
John is Insurify’s Chief Copy Editor, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.