Average homeowners insurance cost in Gulfport, MS

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The average cost of homeowners insurance in Gulfport is $5,792 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $3,288 more than the national average of $2,504.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Gulfport depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Gulfport, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Gulfport.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Gulfport.

Key takeaways

In Gulfport, homeowners insurance costs $5,792 annually.
Southern Farm Bureau offers the most affordable homeowners insurance in Gulfport with an average annual premium of $1,773.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $1,219 higher.

Average homeowners insurance cost in Gulfport per month

According to Insure.com’s rate analysis, residents of Gulfport pay an average of $483 per month for homeowners insurance. This is $202 more than the state average of $281 and $274 more than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Gulfport can vary depending on your location, property value, and selected coverage options.

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

The average cost of homeowners insurance in Gulfport, MS is $4,573 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

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

According to Insure.com’s rate analysis, homeowners in Gulfport typically pay an average of $5,792 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $1,219. It is advisable to purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Gulfport by company

Among the carriers analyzed, Southern Farm Bureau is the most affordable homeowners insurance company in Gulfport. It’s average annual rate for homeowners in Gulfport is $1,773.

Nationwide, ranks second and Travelers makes it to the third spot with an average annual home insurance rate of $6,677.

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

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

Home Insurance Company	Annual rate
Southern Farm Bureau	$1,773
Nationwide	$6,559
State Farm	$7,028
Farmers	$7,555
Allstate	$8,022
Travelers	$6,677
USAA*	$5,669

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Gulfport 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.