Best cheap car insurance in Mississippi for 2024 (2024)

FAQs

Best cheap car insurance in Mississippi for 2024? ›

According to our research, drivers in Mississippi pay an average of $492 a year for minimum coverage and $2,135 per year for full coverage. The average cost of insurance in the U.S. for a full coverage policy is $2,311, about 8 percent more than average car insurance costs in Mississippi.

According to our research, drivers in Mississippi pay an average of $492 a year for minimum coverage and $2,135 per year for full coverage. The average cost of insurance in the U.S. for a full coverage policy is $2,311, about 8 percent more than average car insurance costs in Mississippi.

The cheapest type of car insurance is liability insurance, with an average cost of $671 per year.

The minimum amount of Mississippi auto insurance coverage is $25,000/$50,000/$25,000. In the event of a covered accident, your limits for bodily injury are $25,000 per person, with a total maximum of $50,000 per incident. It also covers up to $25,000 for damage to another person's property.

The cheapest car insurance rate is $38 a month from Geico according to our research team's cost analysis of national average prices for minimum coverage. The top 10 cheapest car insurance companies are Nationwide, Geico, State Farm, Travelers, Progressive, AAA, Allstate, Chubb, Farmers and USAA.

Key Takeaways: Geico is best for you if you're simply looking for the cheapest option, as the provider has a cheaper average rate estimate in 82% of states across the U.S. Progressive is best for you if you're looking for more coverage options, add-ons and customizations.

The cost of car insurance is steadily increasing, too, both in Mississippi and nationwide. As the cost of providing insurance goes up, the premiums insurers charge also rise. All insured drivers share the increasing cost of insurance.

@WalletHub • 08/02/23. An SR-22 in Mississippi is a certificate proving that a high-risk driver has the legal requirements for car insurance in Mississippi. So-called SR-22 insurance raises annual car insurance premiums by roughly $38 in Mississippi, compared to standard rates.

Driving without insurance in Mississippi carries severe penalties, including fines and possible license suspension. First-time offenders can expect a fine of $1,000 and suspension of their driving privileges for up to 1 year. Subsequent offenses can result in higher fines, longer suspensions, and even jail time.

Mazdas, Chryslers and Subarus are the cheapest cars to insure with average monthly rates under $255. Certain car makes tend to be more expensive to insure than others. For example, a Mazda tends to be cheaper to insure when compared to a luxury brand such as Tesla.

Which car insurer is best? ›

So it's important to understand insurance groups – after all, there are 50 of them in total. Cars in group 1 are the least risky from an underwriter's perspective and the cheapest to insure. Those in group 50 are the riskiest and most expensive – usually higher performance models and luxury SUVs.

USAA and Progressive offer the cheapest car insurance rates in Mississippi. The statewide average rate for car insurance in Mississippi is $1,505 per year, slightly below the national average of $1,543.

The average cost of full coverage car insurance in Mississippi is $1,434 per year or $120 per month. Mississippi motorists tend to pay about 17% less than the national average, which is $1,730 per year.

Driving without insurance in Mississippi is a misdemeanor. Get caught and you'll face these penalties: a $100 fine, and. suspension of your license for one year, or until you can show proof that you've complied with the state's insurance law.

“Inefficient regulatory environments in states like California, New Jersey and New York, combined with inflation and increased catastrophic losses, have left consumers with fewer choices of insurers and higher costs,” he said.