Compare accounts

Get guidance

Compare accounts

Get guidance

Money market accounts

Money market accounts are similar to savings accounts, but offer some checking features as well.

Get guidance

Banking

Skip the searching and find your next bank in minutes with BankMatch℠.

Get guidance

Compare rates

Get guidance

Compare rates

Get guidance

Buying & selling

Find an expert who knows the market. Compare trusted real estate agents all in one place.

Get guidance

Compare investments

Get guidance

Compare plans

Get guidance

Finding an advisor

Get guidance

Compare cards

Find your fit

See your card matches

Answer a few quick questions and we’ll show you your top credit card options.

Compare cards

See what the experts say

Read in-depth credit card reviews to find out which cards have the best perks and more.

Get guidance

Get advice

Build credit

Compare lenders

Get guidance

Compare lenders

Get guidance

Compare lenders

Get guidance

Compare lenders

Get guidance

HELOC

A HELOC is a variable-rate line of credit that lets you borrow funds for a set period and repay them later.

Home equity basics

Home equity loans

Home equity loans let you borrow a lump sum at a fixed rate, based on how much of the home you own outright.

Get guidance

Compare rates

Get guidance

Compare rates

Get guidance

Compare companies

Get guidance

Powered by Coverage.com (NPN: 19966249)

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Best homeowners insurance companies in  Mississippi for 2024

Ashlyn Brooks is a finance writer with more than half a decade of experience, known for her knowledge in areas such as taxes, insurance, investing, retirement, finance news, and banking products.

Mariah Posey is an auto, home and life insurance editor and writer for Bankrate.com. She aims to make the insurance journey as convenient as possible by simplifying industry lingo and implementing thoughtful content design to provide readers clear answers to their questions.

Mariah Posey is an auto, home and life insurance editor and writer for Bankrate.com. She aims to make the insurance journey as convenient as possible by simplifying industry lingo and implementing thoughtful content design to provide readers clear answers to their questions.

Powered by Coverage.com (NPN: 19966249)

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

The Bankrate Promise

At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict  editorial integrity, this post may contain references to products from our partners. Here’s an explanation of  how we make money. Our content is backed by Coverage.com  LLC, a licensed entity (NPN: 19966249). For more information, please see our  Insurance Disclosure.

On this page

With the possibility of storms and other natural disasters ever-present, Mississippi homeowners benefit from having reliable home insurance policies to protect their investments. Finding the best and most cost-effective policies can take work, but Bankrate has done the heavy lifting for you.

To help you understand your Mississippi home insurance options, Bankrate's insurance editorial team — which includes licensed property and casualty agents — gathered the average rates homeowners are paying in the Magnolia State. We looked at third-party rankings for customer service and financial strength, as well as other key factors like coverage and accessibility to determine what companies were writing the best homeowners insurance in Mississippi.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

This content is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate.com. HomeInsurance.com LLC services are only available in states where it is licensed and insurance coverage through HomeInsurance.com may not be available in all states. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Editorial integrity

Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.

We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.

Bankrate’s editorial team writes on behalf of YOU — the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.

How we make money

You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.

Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.

We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.

Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.

On This Page

On This Page

Compare the best homeowners insurance companies in Mississippi

The annual average cost in Mississippi for homeowners insurance is $4,289 for $300,000 of dwelling coverage, which is roughly $357 a month. This is above the national average of $2,153, or $179 a month. We used data from Quadrant Information Services to determine average rates for each company on our list: USAA, Allstate, Travelers, Nationwide and State Farm. We also evaluated the companies using multiple other parameters, such as the J.D. Power 2023 U.S. Home Insurance Study, which measures customer satisfaction, and AM Best ratings, which measure financial stability.

Powered by Coverage.com (NPN: 19966249)

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Bankrate's trusted insurance industry expertise

The home insurance market can be complicated, but Bankrate's insurance editorial team used our unique perspective to bring readers information they need to make educated decisions when shopping for home insurance.

46

years of industry expertise

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

The top 5 home insurance companies in Mississippi

Best for military-focused coverage options

4.7

4.7

Avg. premium for $300K dwelling

$116/mo

Avg. premium for $300K dwelling

$1,391/yr

Customer satisfaction

881/1,000

Why USAA made our list: Because USAA only offers products to military and veteran families, it does not qualify for official ranking with J.D. Power. However, it consistently earns top scores. USAA provides earthquake coverage in its standard policy and offers replacement cost dwelling and personal property coverage at no additional charge. The company provides its members a one-stop shop for insurance, with auto, condo, flood, landlord, motorcycle, renters and small business policies available. The company also offers checking and savings accounts, investment products, home mortgages, retirement plans and VA loans.

Who USAA may be good for: Those stationed at Keesler Air Force Base or any of the three other military bases in Mississippi may be interested in the company's military-focused coverage. You can, for example, get coverage specifically designed to protect your uniforms.

CheckmarkPros

Close XCons

Homeowners seeking to enhance their insurance protection can consider several additional coverage options offered by USAA. These endorsements are designed to hopefully provide extra security and peace of mind.

Best for low average rates

4.3

4.3

Avg. premium for $300K dwelling

Not available

Avg. premium for $300K dwelling

Not available

Customer satisfaction

812/1,000

Why Nationwide made our list: With its competitively low rate for Mississippi homeowners,  Nationwide offers coverage at an appealing price point for those hoping to save money. For more robust protection, coverage options include ordinance or law insurance, as well as coverage for other structures, loss of use and credit cards. Nationwide also has two standout coverage options: Brand New Belongings, which replaces damaged or stolen personal items, and Better Roof Replacement, which uses safer materials if you need to rebuild or repair your roof.

Who Nationwide may be good for: Nationwide may be a good option for Mississippi homeowners who are on a budget.

CheckmarkPros

Close XCons

Nationwide offers a variety of additional coverage options for homeowners looking to enhance their standard insurance policies. These endorsements allow for more personalized protection, catering to individual needs and specific risks associated with their properties.

Best for digital tools

4.2

4.2

Avg. premium for $300K dwelling

$322/mo

Avg. premium for $300K dwelling

$3,869/yr

Customer satisfaction

809/1,000

Why Allstate made our list: Allstate stands out for the digital tools it offers. The company's mobile app allows you to pay your bill, file a claim, get roadside assistance and more. A digital ID card gives you quick access to your policy information if you need it. Additionally, Allstate has local agents throughout Mississippi should you ever need a more hands-on approach to managing your policy. The company scores below average in the J.D. Power customer satisfaction study, however, so it may need to increase its focus on policyholder relations.

Who Allstate may be good for: If you prefer to handle your insurance business online as opposed to working with an agent, Allstate could be a good option. The app is easy to use and the company's website is functional and robust.

CheckmarkPros

Close XCons

Allstate, renowned for its comprehensive home insurance policies, offers a variety of optional coverage types and endorsements, allowing homeowners to tailor their insurance to their specific needs.

Best for local agents

4.2

4.2

Avg. premium for $300K dwelling

$221/mo

Avg. premium for $300K dwelling

$2,654/yr

Customer satisfaction

829/1,000

Why State Farm made our list: State Farm has an extensive network of agents throughout the state of Mississippi, so most residents should be able to find a local agent in their town. The company also ranks sixth out of the companies surveyed for customer satisfaction by J.D. Power, which places it above average. If you have additional needs outside of just home insurance, the provider also offers banking services, including auto and boat loans, checking accounts, home mortgages, money market savings accounts and rewards credit cards.

Who State Farm may be good for: Many Mississippi homeowners may prefer to develop a relationship with an in-person agent who can answer questions and help them find the best policy for their needs. If you fall in that category, consider asking State Farm for a quote.

CheckmarkPros

Close XCons

State Farm, recognized as a leading home insurance provider, offers various endorsements for policy customization. Some notable additional coverage options include:

Best for policy customization

4.1

4.1

Avg. premium for $300K dwelling

Not available

Avg. premium for $300K dwelling

Not available

Customer satisfaction

790/1,000

Why Travelers made our list: Travelers offers a host of home insurance protections, like insurance for other structures and loss of use coverage. Aside from standard coverage types, the company has an extensive list of add-ons, or endorsements, for advanced financial protection. For example, there is optional special personal property coverage, contents replacement cost, insurance for valuables and water backup and sump pump overflow coverage. Travelers also offers the option for $25,000 worth of identity fraud expense reimbursement coverage.

Who Travelers may be good for: Travelers' robust list of optional coverage endorsements makes it a good option for homeowners with unique circumstances looking to build a robust policy. For example, Travelers has an add-on that provides additional protection to rebuild to green standards if you have a green home.

CheckmarkPros

Close XCons

Travelers home Insurance offers a range of optional coverages and endorsements, enabling homeowners to enhance their standard policies for more comprehensive protection.

Additional Mississippi home insurance companies to consider

Liberty Mutual

Who this may be best for

Homeowners looking for a wide range of customizable coverage options

Liberty Mutual might be a suitable option for homeowners in Mississippi who are seeking robust coverage with a variety of add-ons. This carrier provides essential standard coverage along with several options like guaranteed replacement cost, water backup protection, inflation guard coverage and flood insurance through the National Flood Insurance Program. It's potentially a strong choice for those who want flexibility in personalizing their policy to match their specific needs. However, Liberty Mutual's customer satisfaction scores are somewhat mixed, with it scoring second to last in the 2023 J.D. Power U.S. Home Insurance Study. Despite this, it offers a broad range of discounts which could be beneficial for cost savings.

To find out more about Liberty Mutual, read Bankrate’s comprehensive review.

Mississippi Farm Bureau Insurance

Who this may be best for

Homeowners looking for a range of coverage options tailored to their specific needs

Mississippi Farm Bureau Insurance offers a personalized approach to homeowners insurance, helping residents in Mississippi receive coverage that is both affordable and robust. Its local agents specialize in tailoring policies to meet the unique needs of each homeowner. Mississippi Farm Bureau Insurance also offers convenient digital solutions through its MOBILE Agent App, which allows policyholders to manage their accounts, file claims, contact agents and access emergency assistance at any time.

How Bankrate chose the best home insurance companies in Mississippi

Bankrate's insurance editorial team, which includes licensed agents, reviewed numerous factors to determine the best Mississippi homeowners insurance companies. Using data collected from Quadrant Information Services and our extensive knowledge of insurance in the state, we calculated a Bankrate Score for each company, from zero to five. The higher the Bankrate Score, the better a company fared across our research categories and the more likely it is that the company will be able to offer robust coverage for Mississippi residents at a competitive rate.

Cheapest home insurance companies in Mississippi

Finding the most cost-effective home insurance is a priority for many homeowners. This section highlights the cheapest home insurance companies in Mississippi, providing options that blend affordability with quality coverage. While the average home insurance cost in Mississippi can vary, these companies are selected for their competitive rates. It's important for homeowners to consider not only the price, but also the value and reliability of the coverage offered. By comparing these affordable options, homeowners might find the best fit for their specific needs and budget.

How to get cheap home insurance in Mississippi

Although Mississippi's average home insurance rate is $4,289, you will most likely find that your own rate differs from this. In order to keep your rate as low as possible, there are a few steps you can take to find the best cheap home insurance in the state.

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers.

Powered by Coverage.com (NPN: 19966249)

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Leaving so soon? Your custom quotes are just minutes away.

Best home insurance discounts in Mississippi

One of the best ways to save money when looking for the best homeowners insurance in Mississippi is by taking advantage of discounts. These commonly allow you to shave a percentage off your premium, and almost all insurers have at least a few of them. Here are a few that you may see in Mississippi.

How to save on home insurance policy renewals in Mississippi

Saving on home insurance policy renewals in Mississippi involves strategic decisions and awareness of available options. Here are some tips to consider:

How much is home insurance in Mississippi?

Homeowners insurance in Mississippi costs an average rate of $4,289 annually for $300,000 in dwelling coverage. This is considerably more than the national average of $2,153 for the same amount of coverage. Your personal rate is likely to differ from this, as it is based largely on your circumstances, such as your credit and insurance history, as well as your home's age and condition. The state’s high rates may be partly accounted for by the fact that Mississippi sees frequent tornadoes, and is ranked first for the number of tornadoes it experiences each year. The state's coastal regions may also experience damage due to tropical storms and hurricanes.

Mississippi homeowners insurance rates by city

Mississippi home insurance rates can vary significantly by city, reflecting the diverse risk factors and housing markets across the state. Factors like local weather patterns, crime rates and proximity to bodies of water can affect premiums in different cities. To provide a clearer picture of these variations, a map and searchable data table are available below, offering detailed insights into the homeowners insurance rates by city in Mississippi. This information can be a valuable tool for residents seeking to understand and compare insurance costs within the state.

*Rates are for $300,000 in dwelling coverage.

What does home insurance cover in Mississippi?

In Mississippi, a standard HO-3 home insurance policy typically covers your dwelling, other structures on your property, personal property, loss of use, personal liability and medical payments. Personal property coverage is on a named perils basis, while dwelling and other structures are covered on an open perils basis, meaning they are protected against all perils not specifically excluded. Relevant perils for Mississippi, given its climatic conditions, include:

These covered perils are particularly pertinent in Mississippi, where natural disasters like storms and floods are more frequent.

Additional home insurance coverage types in Mississippi

In addition to standard types of coverage on HO-3 policies — the most common type of home insurance policy — most insurers offer optional add-ons, called endorsements, that allow you to personalize and expand the coverage your policy gives you. Here are some of the ones that are found at the best Mississippi homeowners insurance companies.

Related content:

Guide to flood insurance Previously Read

Does homeowners insurance cover hurricane damage? Previously Read

Windstorm insurance Previously Read

Common Mississippi home insurance problems

Homeowners in Mississippi face several challenges when securing home insurance due to the state's unique risks and insurance market. These challenges include:

These factors can impact the availability and affordability of Mississippi home insurance, emphasizing the need for careful consideration when selecting the best homeowners insurance in Mississippi.

!

Homeowners who live on the Mississippi coast have seen rates spike this year, with typical rate increases ranging from 15 percent to 70 percent. At the same time, some insurers are limiting the coverage options available, leaving homeowners with less flexibility. Mississippi Insurance Commissioner Mike Chaney named a variety of factors as contributing to this reality, particularly the cost of reinsurance, which is insurance that insurers purchase to help limit their own risk. Things like inflation, war costs and the increasing rate of natural disasters all also play a role.

Frequently asked questions

What is the cheapest homeowners insurance company in Mississippi?

Since your homeowner premium encompasses multiple factors unique to you and your home, no company will always be the cheapest for everyone. That said, some companies have earned a reputation for writing cheap home insurance that is robust and comprehensive. By getting quotes from the nation’s cheapest homeowners insurance companies, you can determine the cheapest option for you and your family.

Since your homeowner premium encompasses multiple factors unique to you and your home, no company will always be the cheapest for everyone. That said, some companies have earned a reputation for writing cheap home insurance that is robust and comprehensive. By getting quotes from the nation’s cheapest homeowners insurance companies, you can determine the cheapest option for you and your family.

Who has the best homeowners insurance in Mississippi?

The best homeowners insurance company for you will depend on your priorities. If low cost is most important, consider prioritizing a company with a low quote and various discounts over one with highly-rated customer satisfaction. Any companies we have recommended above can be a good starting point for finding a good policy at a competitive price point, but you can also research other top companies.

The best homeowners insurance company for you will depend on your priorities. If low cost is most important, consider prioritizing a company with a low quote and various discounts over one with highly-rated customer satisfaction. Any companies we have recommended above can be a good starting point for finding a good policy at a competitive price point, but you can also research other top companies.

Is homeowners insurance required in Mississippi?

Unlike car insurance, homeowners insurance is not required by law in the Magnolia State. However, if you have a mortgage, your lender likely requires that you have a policy to protect their investment in your property. Even without that consideration, it's a good idea to have a policy in place to avoid being left financially responsible for paying out of pocket for a covered peril.

Unlike car insurance, homeowners insurance is not required by law in the Magnolia State. However, if you have a mortgage, your lender likely requires that you have a policy to protect their investment in your property. Even without that consideration, it's a good idea to have a policy in place to avoid being left financially responsible for paying out of pocket for a covered peril.

The average cost of homeowners insurance in Mississippi is $4,289 per year for $300,000 in dwelling coverage. This is 31 percent more than the average home insurance rate nationwide, which is $2,153 per year. However, the rate you’ll pay will vary based on several factors personal to you and your home like your location, your claims history, your home’s age and more.

The average cost of homeowners insurance in Mississippi is $4,289 per year for $300,000 in dwelling coverage. This is 31 percent more than the average home insurance rate nationwide, which is $2,153 per year. However, the rate you’ll pay will vary based on several factors personal to you and your home like your location, your claims history, your home’s age and more.

Methodology

Bankrate utilizes Quadrant Information Services to analyze May 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:

The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply. 

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Bankrate Scores

Ashlyn Brooks is a finance writer with more than half a decade of experience, known for her knowledge in areas such as taxes, insurance, investing, retirement, finance news, and banking products.

Mariah Posey is an auto, home and life insurance editor and writer for Bankrate.com. She aims to make the insurance journey as convenient as possible by simplifying industry lingo and implementing thoughtful content design to provide readers clear answers to their questions.

Bankrate logo Bankrate

About

Help

Legal

How we make money

Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.

Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access

© 2024 Bankrate, LLC. A Red Ventures company. All Rights Reserved.