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Mississippi Homeowners Insurance Quotes - Best and Cheapest (2022)
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According to 2021 rates, the average cost of homeowners insurance in Mississippi is $1530 per year and $128 per month. Mississippi homeowners insurance rates are $132 per year more then the national average and about 9% more annually. When compared to the other US states that makes the cost of homeowners insurance in Mississippi the 15th most expensive in the country, based on 2021 data.
For shoppers, the best way to find a homeowners insurance policy in Mississippi is to evaluate all of the quotes from individual insurance providers and then decide on the policy that fits your requirements and budget level. Fortunately finding the right homeowners insurance coverage is easy with a tool like Insurify.
Insurify provides easy and fast home insurance quote comparisons for all kinds of homeowners nationwide. Insurify has helped thousands of customers receive accurate homeowners quotes for your property in Mississippi in minutes.
|Mississippi Average Homeowners Insurance Rates|
|Average Cost Per Month||$128|
|Average Annual Premium||$1530|
|State Rank (Most Expensive)||15th|
For homeowners 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 your home.
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 homeowners insurance in Mississippi.
|mississippi farm bureau||$1,371|
The Magnolia State's real estate is heating up. Over the last year, home appreciation rates have been on an upward trend of about five percent. Whether you just moved into your new home in Mississippi or lived there your whole life, the equity you're building is sure to save you some change in the long run. But there are more ways to save. That's where having an affordable home insurance policy comes in.
Your property needs protection so it can serve you for generations to come. Insurance costs cover damages resulting from natural disasters, theft, vandalism, and more. Having the right coverage options and additional home insurance coverage will not only protect you and your family but also protect your wallet in severe cases.
Thankfully, there are ways to save, from the Mississippi River Delta and Jackson to Southaven and Biloxi. You're on your way to the best and cheapest homeowners insurance in Mississippi.
Please keep reading for our full guide on getting the most accurate and affordable Mississippi home insurance.
As of 2021, the average home insurance premium in Mississippi costs $2,302 annually, and the median home value is $127,539.
Living expenses and home costs are 15 percent cheaper than other states, but Mississippi home insurance prices are above the national average. Paying the high price of home insurance in Mississippi can seem like a burden since you still need to provide for yourself and take care of your family. Thankfully, we have the guidance to get you on your way to saving on Mississippi home insurance.
Average prices for standard homeowners insurance for a 7-15 year old home, $200,000 in coverage
Homeowners insurance costs in Mississippi will never be the same for you and your neighbor. Property type and other details differ from property to property. Along with property details, there are ZIP code–specific details like nearby claim volumes, property costs, crime rates, and natural disaster frequency. All factor into whether you pay more or less on annual premiums. It will all boil down to your neighborhood to figure out how much you pay annually.
Believe it or not, it will all come down to the town you live in to get the most accurate Mississippi rates. Rates can be low or high compared to the national average. Below are the most and least expensive ZIP codes for Mississippi home insurance.
|City||Median Home Price|
There are several types of home insurance. Specific terms of insurance policies may vary by state, but in general, the standard policy types are as follows:
The simplest and least comprehensive type of homeowners insurance.
Provides coverage for a handful of potential problems including:
Broad form homeowners insurance policies include all basic form coverage, plus:
There are close to 300 mobile home parks in Mississippi. If you are one of the many living in a mobile home in Mississippi, you will need special Mississippi mobile home insurance . Your mobile home could sustain damage from perils like hail, fire, theft, or vandalism. And if you have a mobile home policy, the costs of replacement and repairs are covered. Also, structures attached to your lot, like a patio or a garage (including personal belongings), are protected.
Pricing for Mississippi mobile home insurance can vary from $250 to $1,300 and up annually. Like regular home insurance, it all depends on crime rates, natural disaster claims in your area, insurance carriers, and your ZIP code. Homeowners insurance companies such as Meridian, Liberty Mutual, State Farm, and USAA offer mobile home insurance in Mississippi. Mobile home insurance policies include two basic kinds of coverage: personal liability coverage and physical damage coverage. An HO-7 policy, which is identical to an HO-3 policy, is designed for manufactured and mobile homes and protects the home when stationary. Note that a different policy is required for mobile homes in transit. Talk to your insurance agent about insurance products for Mississippi mobile home insurance .
Mississippi residents know very well that natural disasters are common for the state. Being in such close quarters to the Mississippi River and the Gulf Coast makes rising water levels and hurricanes a threat to homes. Even snowstorms happen in the South, and Mississippi is no exception. In December 1963, a snowstorm made highways in Jackson icy and dangerous and brought over a foot of snow to several parts of the state.
Flooding is the most common disaster in Mississippi. Unfortunately, the standard homeowners insurance policy does not cover damage due to flooding, so you will need add-ons in special flood damage cases. However, there are a couple of programs that could help in the cleanup process:
The National Flood Insurance Program (NFIP) is an aid for insurance to reduce the horrendous impact of flooding. The Federal Emergency Management Agency (FEMA) manages the NFIP, and over 60 insurance companies deliver the program directly. Ask your local agent about your flood insurance needs.
Home insurance is no hard task when you have Insurify on your side. Thankfully, you can use our comparison tool to find quotes from the best home insurance companies and get the right coverage. Try it out!
The Mississippi Farm Bureau Federation (MFBF) serves over 177,000 families in 82 counties. As the most extensive and strongest general farm organization, MFBF is voluntary, non-governmental, and non-partisan, offering solutions for flooding or other natural disasters. Insurance is also available through the MFBF, providing local agents and competitive rates for those who qualify. Especially if you own a farm or crops, the MFBF may be able to assist in times of need.
Unique elements of your home may affect homeowners insurance prices. Check out these quotes for some special situations that may impact your home insurance in Mississippi.
If your home is within a certain distance from a fire department or fire hydrant your rates may decrease. The same applies for the opposite. If your home is far from fire safety, you may pay more for homeowners insurance.
|Insurance Company||Average Annual Premium|
The age of your home and its major systems may affect the policy rate you're quoted by insurance companies
|Insurance Company||Average Annual Premium|
Whether you live near the Mississippi River Delta or the Gulf Coast, living in Mississippi is easy. From catching an Ole Miss game to having a delicious dinner of catfish and fried green tomatoes, Mississippi residents are living the good life. Thankfully, Mississippians can get the best homeowners insurance at cheap prices by comparing quotes on insurance policies.
Use Insurify to compare the best home insurance providers for your property in Mississippi. Our comparison tools make homeowners insurance shopping (and saving) simple so you can be on your way to enjoying your newly insured home in no time.
Bundling, also known as a multi-policy, is when insurance companies combine one or more insurance products like home insurance and auto insurance. The perk that comes with bundling is that you could get insurance discounts on your rates, putting more money in your pockets.
Mississippi home insurance rates often cost more when claim numbers are higher in your area. Because of the number of claims associated with natural disasters and flooding, premiums tend to be higher in Mississippi, driving up the average cost.
Flood insurance is not included with Mississippi homeowners insurance. Additional flood insurance will be needed, especially if you live in a flood zone. Check with your local agent to learn more about the National Flood Insurance Program.
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.