Average homeowners insurance cost in Biloxi, MS

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In Biloxi, homeowners pay an average annual rate of $5,879 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $3,375 more than the national average of $2,504.

Homeowners insurance premiums can vary significantly from one property to another. In Biloxi, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read this guide to discover the monthly homeowners insurance cost in Biloxi, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Biloxi.

Key takeaways

In Biloxi, homeowners insurance costs $5,879 annually.
Allstate offers the most affordable homeowners insurance in Biloxi with an average annual premium of $1,043.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $1,236 higher.

Average homeowners insurance cost in Biloxi per month

According to Insure.com’s rate analysis, residents of Biloxi pay an average of $490 per month for homeowners insurance. This is $209 more than the state average of $281 and $281 more than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Biloxi can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Biloxi

In Biloxi, MS, homeowners pay an average of $4,643 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in Biloxi

Based on a rate analysis conducted by Insure.com, Biloxi residents pay an average of $5,879 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $1,236 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

Average homeowners insurance cost in Biloxi by company

Among the carriers analyzed, Allstate is the most affordable homeowners insurance company in Biloxi. It’s average annual rate for homeowners in Biloxi is $1,043.

Southern Farm Bureau, ranks second and Nationwide makes it to the third spot with an average annual home insurance rate of $6,396.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Biloxi and compiled a list of the most affordable home insurance companies.

Below are details of Biloxi home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
Allstate	$1,043
Nationwide	$6,396
Travelers	$6,493
State Farm	$7,471
Farmers	$7,555
Southern Farm Bureau	$1,773
USAA*	$5,959

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Biloxi for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.