Average homeowners insurance cost in Mississippi

Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.

On average, Mississippi homeowners insurance costs $3,369 a year, based on Insure.com’s data.

Learn more about the average homeowners insurance rates by company and ZIP code in Mississippi.

Average home insurance cost in Mississippi by coverage level

Homeowners insurance costs $3,369 a year in Mississippi for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

If you raise the dwelling coverage limit from $300,000 to $400,000, the cost of homeowners insurance in Mississippi will increase to $3,059 per year for $100,000 in liability protection and a $1,000 deductible. Below, you’ll find the average cost of homeowners insurance in Mississippi for dwelling coverage limits of $300,000, $400,000, and $500,000.

Homeowners insurance companies in Mississippi determine rates based on risk factors. When calculating premiums, they consider your location, claims history and coverage limits.

If your neighborhood has experienced many claims in the last few years, you can expect to pay higher home insurance rates than areas with few to no claims.

Best homeowners insurance companies in Mississippi

Before purchasing homeowners insurance, it’s important to compare rates and explore your options. Several factors play a role in choosing the best homeowners insurance company for your specific needs.

We evaluated insurance companies in Mississippi based on their NAIC scores and AM Best ratings to create a list of the top homeowners insurance providers in the state. Our findings show that Southern Farm Bureau received the lowest NAIC score and A- rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Average homeowners insurance cost by company in Mississippi

Southern Farm Bureau has the cheapest homeowners insurance rates in Mississippi. Its average annual cost for Mississippi homeowners is $2,350. State Farm and Nationwide also offer affordable insurance.

By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.

The table below shows the average annual and monthly insurance rates for homeowners in Mississippi with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible.

Mississippi homeowners insurance rates by ZIP code

Insurance providers in Mississippi factor in the risk of a given location when determining rates. ZIP codes with higher crime rates or frequent natural disasters are typically classified as high-risk, leading to increased premiums. Additionally, the cost of rebuilding or repairing homes in that area can affect your homeowners insurance costs.

To get the best deal on homeowners insurance rates in Mississippi, take the time to shop around and compare quotes from multiple insurers. Additionally, don’t forget to ask about potential discounts, like bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Mississippi

Not every area in Mississippi has the same home insurance cost. How much you pay for homeowners insurance in Mississippi depends on many factors, including your ZIP code. Our data shows that 38637 ZIP has low-cost home insurance rates in Mississippi, at about $2,963 a year or $247 monthly.

Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Mississippi.

Most expensive ZIP codes for home insurance rates in Mississippi

In Mississippi, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.

Homeowners in 39553 ZIP pay the highest insurance rates in Mississippi, with an average annual premium of $11,592.

Below is a list of some of the most expensive ZIP codes in Mississippi for homeowners insurance.

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Mississippi by city

Biloxi

Gulfport

Hattiesburg

Jackson

Southaven

Home insurance rate trend in Mississippi

We analyzed home insurance rate trends in Mississippi and found that homeowners insurance rates experienced an overall decrease of $15, from 2022 to 2023.

The following data highlights the changes in homeowners insurance rates since 2019.

Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting the most affordable coverage in Mississippi.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

• $300,000 dwelling coverage
• $100,000 liability protection
• $1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

How much is home insurance in other states

Alaska$1,695/Year

Alabama$3,131/Year

Arkansas$3,948/Year

Arizona$2,468/Year

California$1,386/Year

Colorado$4,086/Year

Connecticut$2,205/Year

Washington, D.C.$1,327/Year

Delaware$1,366/Year

Florida$4,405/Year

Georgia$2,286/Year

Hawaii$593/Year

Iowa$2,642/Year

Idaho$1,950/Year

Illinois$3,044/Year

Indiana$2,969/Year

Kansas$4,826/Year

Kentucky$3,314/Year

Louisiana$3,576/Year

Massachusetts$1,622/Year

Maryland$1,707/Year

Maine$1,375/Year

Michigan$2,396/Year

Minnesota$2,399/Year

Missouri$3,528/Year

Montana$3,265/Year

North Carolina$2,933/Year

North Dakota$3,134/Year

Nebraska$4,785/Year

New Hampshire$1,209/Year

New Jersey$1,506/Year

New Mexico$2,638/Year

Nevada$1,444/Year

New York$1,777/Year

Ohio$2,144/Year

Oklahoma$5,749/Year

Oregon$1,741/Year

Pennsylvania$1,886/Year

Rhode Island$1,932/Year

South Carolina$2,668/Year

South Dakota$3,374/Year

Tennessee$3,045/Year

Texas$3,844/Year

Utah$1,792/Year

Virginia$2,135/Year

Vermont$1,247/Year

Washington$1,596/Year

Wisconsin$1,648/Year

West Virginia$1,886/Year

Wyoming$1,885/Year

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