Best Mississippi Homeowners Insurance Quotes (2025)
USAA offers some of the cheapest homeowners insurance policies in Mississippi, with monthly premiums starting at $130 for $300,000 in dwelling coverage.
Christy Rakoczy has been a personal finance and insurance writer for over a decade. Her work has been published on USA Today, MSN, Yahoo Finance, Credit Karma, Forbes Advisor, and more. Christy has a JD from UCLA School of Law and previously worked as a data analyst for Blue Cross and as a paralegal studies instructor before transitioning to writing full time.
Christy has been a contributor at Insurify since August 2023.
Chris SchaferDeputy Managing Editor, News and Marketing Content
15+ years in content creation
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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The average cost of homeowners insurance in Mississippi is $3,012 per year for $300,000 in dwelling coverage, according to Insurify data. Compare this with the national average cost of a $300,000 policy coming in at $2,532, and Mississippi residents pay more than many others across the nation.
Mississippi’s weather plays a part in these high rates, and Mike Chaney, the state’s insurance commissioner, attributes the high cost of home insurance in the Magnolia State to hurricane, wind, and tornado threats.[1]
While premiums are higher than average, it’s still possible for Mississippi residents to find affordable coverage. Here’s how.
Quick Facts
USAA, Mississippi Farm Bureau, and Nationwide are three of the cheapest home insurance companies in Mississippi.
Insurers are exiting coastal Mississippi counties due to elevated weather-related risks.[2]
Mississippi has experienced record levels of tornadic activity in recent years, including 76 tornadoes in 2021.[3]
Best home insurance companies in Mississippi
Many home insurers offer affordable and comprehensive coverage in the Mississippi area. But no one company will be right for all homeowners, as insurers price policies differently and offer different coverage options.
Here, you can see some of the best home insurance companies in the state, alongside customer bases who may benefit most from a particular company’s offerings.
Insurance Company
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.
Average Annual Premium
Best For
Mississippi Farm Bureau
N/A
$2,110
Cheapest rates
USAA
8
$3,027
Military members
Nationwide
8.4
$3,397
In-person support
Allstate
8.2
$3,582
Coastal residents
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.
We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
Customer satisfaction: To calculate this score, Insurify analyzed more than 55,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
Cheapest rates: Mississippi Farm Bureau
cheapest ratesmississippi farm bureau
Compare personalized, real-time quotes
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.
NR
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
Not rated
Mississippi Farm Bureau’s average premiums are less than half of what some other insurers charge in Mississippi. The insurer also provides ample opportunities to earn discounted coverage, such as a new-house discount and a claims-free discount.
Pros
Mobile app available
Below-average number of complaints with the National Association of Insurance Commissioners (NAIC)
Cons
Coverage only available to Farm Bureau members
Fewer types of add-on coverage than some competitors
Best insurer for veterans and servicemembers: USAA
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.
8/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
737
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$130/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$180/mo
Coverage from USAA is only available to U.S. military members and veterans, as well as pre-commissioned officers, spouses, and children. Veterans make up 6.5% of Mississippi’s population, which is higher than the national average of 6.2%.[4]
Mississippi is also home to numerous military bases, including the Keesler and Columbus Air Force bases, so many state residents can take advantage of the affordable prices and top-notch customer service USAA offers.
Pros
Above-average customer satisfaction rating in J.D. Power’s 2023 U.S. Home Insurance Study
Cheaper premiums than many competitors
Cons
Only servicemembers, veterans, and their families are eligible for USAA membership
Above-average number of complaints, according to the NAIC
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.
8.4/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
641
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$266/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$405/mo
Nationwide has a robust network of independent insurance agents, including 50 different agents offering in-person support throughout the state of Mississippi. This is more than double the number of agents many competitors provide.
Ready access to in-person support from an insurance agent is one reason Nationwide ranks higher than some competitors in J.D. Power’s 2023 U.S. Home Insurance Study.
Pros
In-person customer support available throughout the state
Credit card coverage is standard, and more add-ons are available than with some competitors
Cons
Above-average number of complaints with the NAIC
Higher premiums than many competitors in Mississippi
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.
8.2/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
631
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$250/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$390/mo
Allstate is an ideal choice for residents of Mississippi’s coastal areas, including Waveland, Pass Christian, Long Beach, Gulfport, Biloxi, Ocean Springs, Gautier, Pascagoula, and Moss Point. Unlike many insurers that offer no options for flood insurance, Allstate provides private flood insurance through a subsidiary called National General.
Allstate also has a specialized disaster help center, which provides resources to coastal residents most at risk from floods and hurricanes.
Pros
One of the nation’s largest insurers, with a demonstrated history of financial security
Disaster help center offers added support to local residents affected by tornadoes, flood damage, and other natural disasters
Cons
Below-average rating in J.D. Power ‘s 2023 U.S. Home Insurance Study
Above-average number of consumer complaints with the NAIC
Cheapest home insurance in Mississippi
Mississippi Farm Bureau provides the cheapest homeowners insurance coverage in Mississippi. But the cheapest insurer for you will depend on several factors, including your age, location, marital status, claims history, and more. That’s why you should always shop around to find the right home insurance policy for you.
The table below shows the most affordable insurers, on average, for the state.
The below rates are estimated rates current as of: Monday, July 28 at 12:00 PM PDT.
In Mississippi, the average annual homeowners insurance premium for $300,000 in dwelling coverage is $3,012. This is above the national average of $2,532 in annual premiums for a $300,000 policy. A high risk of hurricanes, wind, and tornadoes helps drive up premium costs in the state.
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Cost of homeowners insurance by dwelling coverage amount
The average Mississippi home is worth $179,749, according to Zillow.[5] The higher the value of a home, the more expensive a homeowners insurance policy becomes.
Insurers charge more to provide more coverage for costlier homes because if a covered event damages or destroys the home, the insurer will have to pay out a larger amount for repairs or rebuilding.
The table below shows average premium prices, based on coverage limits, so you can get an idea of what insuring different homes would cost for different levels of protection.
The below rates are estimated rates current as of: Monday, July 28 at 12:00 PM PDT.
You must cover the cost of your deductible before your homeowners insurance pays for any covered loss.
If you opt for a low deductible, you can expect your insurer to charge higher premiums since your insurer is taking on more of the risk. In contrast, when you raise your deductible, your policy premiums will decline. This can be an effective way to lower your insurance costs, but you should never set your deductible so high you can’t afford to pay it should you need to file a claim.
The table below shows how much homeowners pay for policies with different deductible amounts in Mississippi.
Deductible Amount
Average Annual Premium
$500
$3,376
$1,000
$3,070
How to get cheap homeowners insurance in Mississippi
You can save money on homeowners insurance in Mississippi, no matter where you live, by taking a few simple steps:
Shop around. Some insurers charge average premiums that cost more than twice what competitors charge. Shopping around helps you find the cheapest insurer for your specific profile and needs.
Install safety features. Smoke detectors and alarm systems help reduce the risk of devastating loss from a fire or break-in. Most insurers offer discounts if you put these safety features in place. They can also offer added peace of mind.
Bundle coverage. Insurers offer discounts if you buy multiple insurance products from the same company. The more policies you have, the greater the discounts for each kind of coverage.
Monitor your claims. If you have a long history of filing claims, your insurer will likely charge you more for a policy than someone who files fewer claims. Be mindful of how many claims you file, and remember that a claim now could affect your long-term rates.
How much homeowners insurance do you need in Mississippi?
If you have a mortgage, your lender will require you to buy dwelling coverage that pays to rebuild or replace your home in the event of a loss.
In addition to this mandatory coverage, you may also want:
Personal property damage coverage to pay to repair or replace your possessions, especially if you have expensive valuables in your home
You may also consider buying replacement cost coverage rather than actual cash value coverage. Actual cash value, or ACV, coverage pays to repair or replace your belongings after deducting for depreciation. Choosing a replacement cost policy allows you to rebuild your home to its current condition and replace lost or damaged property with new items based on current prices.
What are some of the biggest risks when owning a home in Mississippi?
Mississippi homeowners face a serious risk of major weather events, with Mike Chaney, state insurance commissioner, warning about the dangers of hurricanes, high winds, flooding, and tornadoes. Here’s what homeowners need to know about these potential disasters.
Hurricanes
Mississippi saw 21 tropical storms and four major hurricanes in 2021, which made it the third-most active season on record. The 2020 hurricane season was the most active, with 30 named storms and six major hurricanes, according to the Mississippi Emergency Management Agency.[6] Homeowners insurance won’t cover flooding from hurricanes, although policies should cover wind damage.
Flooding
Optional flood insurance is available through the National Flood Insurance Program operated by the Federal Emergency Management Agency, as well as from some private insurers. Consider purchasing a flood insurance policy if you live in a high-risk area.
Tornadoes
Mississippi experiences an average of between 30 and 100 tornadoes each year, according to the Mississippi State Department of Health. Tornadoes can come with wind speeds of up to 250 miles per hour, and unfortunately, Mississippi is the site of three of the deadliest tornadoes in U.S. history. Most standard homeowners insurance policies cover tornado damage.
Mississippi homeowners insurance FAQs
If you still have questions about Mississippi homeowners insurance, check out the answers below.
How much is home insurance in Mississippi?
The average cost of homeowners insurance in Mississippi is $3,012 per year for $300,000 in dwelling coverage. The national average is $2,532, meaning Mississippi residents pay more than homeowners in many other states.
Which company has the cheapest homeowners insurance in Mississippi?
USAA offers the cheapest rates in Mississippi, starting at a monthly premium of $130 for $300,000 in dwelling coverage.
Does GEICO have homeowners insurance in Mississippi?
Yes. GEICO has an office in Mississippi based in the Biloxi-Gulfport area.
Does Mississippi require homeowners insurance?
No. The state itself doesn’t require you to carry homeowners insurance. But if you have a mortgage on your home, your lender will likely require you to carry coverage in order to protect its investment.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
Dwelling coverage: $300,000
Deductible: $1,000
Personal property limit: $25,000
Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
Christy Rakoczy has been a personal finance and insurance writer for over a decade. Her work has been published on USA Today, MSN, Yahoo Finance, Credit Karma, Forbes Advisor, and more. Christy has a JD from UCLA School of Law and previously worked as a data analyst for Blue Cross and as a paralegal studies instructor before transitioning to writing full time.
Christy has been a contributor at Insurify since August 2023.
Edited byChris SchaferDeputy Managing Editor, News and Marketing Content
Chris SchaferDeputy Managing Editor, News and Marketing Content
15+ years in content creation
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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