The Cheapest Car Insurance in Mississippi for 2022

NerdWallet analyzed auto insurance rates to find you the cheapest car insurance in Mississippi for a variety of ages and driving histories.
Dec 9, 2021

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Auto insurance is an important purchase, but finding cheap car insurance in Mississippi isn’t always easy. That’s why it’s important to compare rates from multiple insurers.

The average cost of full coverage car insurance in Mississippi is $1,900 per year, or about $158 per month, according to NerdWallet’s analysis. Minimum coverage in Mississippi is $575 per year on average, but we found you can likely get a cheaper policy. For example, State Farm offers the cheapest rates in Mississippi at $333 per year, on average, for minimum coverage car insurance for a 35-year-old driver with a clean driving record.

Why you can trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate outliers and inaccuracies in pricing data, which include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts, ages and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

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Cheapest car insurance company overall in Mississippi

Mississippi Farm Bureau

$107/month

Not yet rated.

Cheapest for minimum coverage

$28/month

5.0

NerdWallet rating 

Cheapest for young drivers

Mississippi Farm Bureau

$175/month

Not yet rated.

Cheapest for drivers with poor credit

Safeway

$107/month

Not yet rated.

How we chose the cheapest companies in Mississippi

NerdWallet’s editorial team analyzed car insurance rates from nine auto insurers in Mississippi and found the five cheapest options for drivers in several age brackets and with different histories, all driving a 2019 Toyota Camry L. For minimum coverage, we looked at rates that reflect the minimum requirements in Mississippi. For full coverage, we used the below coverage limits:

  • $100,000 bodily injury liability per person.

  • $300,000 bodily injury liability per accident.

  • $50,000 property damage liability per accident.

  • $100,000 uninsured motorist coverage per person.

  • $300,000 uninsured motorist coverage per accident.

  • Collision coverage with a $1,000 deductible.

  • Comprehensive coverage with a $1,000 deductible.

Cheapest for 20-year-old drivers

Drivers in their 20s may have to get a lot of quotes to find the best cheap car insurance. Prices can be sky-high for younger 20-somethings, but tend to come down as drivers get more experience on the road. Still, some companies routinely have better insurance rates for young drivers, so it's best to shop around to find them.

Cheapest full coverage car insurance in Mississippi for 20-year-olds

Drivers in Mississippi with clean driving records may want to consider the following companies, which had the lowest average rates:

  1. Mississippi Farm Bureau: $2,100 per year, or about $175 per month.

  2. State Farm: $2,562 per year, or about $214 per month.

  3. Safeway: $3,375 per year, or about $281 per month.

  4. Shelter: $3,587 per year, or about $299 per month.

  5. Progressive: $3,980 per year, or about $332 per month.

Cheapest minimum coverage car insurance in Mississippi for 20-year-olds

Drivers in Mississippi who want just the state minimum coverage may want to check with these companies, which had the lowest average rates:

  1. State Farm: $762 per year, or about $64 per month.

  2. Mississippi Farm Bureau: $832 per year, or about $69 per month.

  3. Safeway: $1,264 per year, or about $105 per month.

  4. Allstate: $1,271 per year, or about $106 per month.

  5. Progressive: $1,295 per year, or about $108 per month.

Cheapest auto insurance in Mississippi for 20-year-olds with poor credit

Drivers with poor credit in Mississippi should look at the following insurers with the lowest average rates for minimum coverage:

  1. Safeway: $1,264 per year, or about $105 per month.

  2. Allstate: $1,437 per year, or about $120 per month.

  3. Mississippi Farm Bureau: $1,448 per year, or about $121 per month.

  4. Safe Auto: $2,000 per year, or about $167 per month.

  5. Progressive: $2,176 per year, or about $181 per month.

Cheapest auto insurance in Mississippi for 20-year-old drivers with one at-fault crash

For drivers with a recent accident in Mississippi, here are the companies with the lowest average rates for minimum coverage:

  1. State Farm: $1,048 per year, or about $87 per month.

  2. Mississippi Farm Bureau: $1,153 per year, or about $96 per month.

  3. Allstate: $1,566 per year, or about $130 per month.

  4. Safeway: $1,631 per year, or about $136 per month.

  5. Progressive: $1,632 per year, or about $136 per month.

Cheapest auto insurance in Mississippi for 20-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI is shown here, alongside the insurers' average rates for minimum coverage.

  1. State Farm: $1,240 per year, or about $103 per month.

  2. Progressive: $1,529 per year, or about $127 per month.

  3. Allstate: $1,543 per year, or about $129 per month.

  4. Safeway: $1,754 per year, or about $146 per month.

  5. Mississippi Farm Bureau: $1,797 per year, or about $150 per month.

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Cheapest for 30-year-old drivers

By the time they reach their 30s, most drivers will enjoy cheaper car insurance rates than in their teens and 20s. Still, factors like a person’s driving record and car make and model can increase prices. Drivers in their 30s can get lower rates by shopping around and taking advantage of any car insurance discounts.

Cheapest full coverage car insurance in Mississippi for 30-year-olds

Drivers in Mississippi with clean driving records may get the lowest rates from these companies:

  1. State Farm: $1,354 per year, or about $113 per month.

  2. Mississippi Farm Bureau: $1,368 per year, or about $114 per month.

  3. Safeway: $1,832 per year, or about $153 per month.

  4. Progressive: $1,918 per year, or about $160 per month.

  5. Shelter: $2,051 per year, or about $171 per month.

Cheapest minimum coverage car insurance in Mississippi for 30-year-olds

Drivers in Mississippi who want their state's minimum coverage can check with the following companies, which had the lowest average rates:

  1. State Farm: $334 per year, or about $28 per month.

  2. Mississippi Farm Bureau: $428 per year, or about $36 per month.

  3. Safeway: $582 per year, or about $48 per month.

  4. Progressive: $618 per year, or about $52 per month.

  5. MetLife: $698 per year, or about $58 per month.

Cheapest auto insurance in Mississippi for 30-year-olds with poor credit

Drivers with poor credit in Mississippi should consider the following companies with the lowest average rates for full coverage:

  1. Safeway: $1,832 per year, or about $153 per month.

  2. Mississippi Farm Bureau: $2,381 per year, or about $198 per month.

  3. Allstate: $3,108 per year, or about $259 per month.

  4. Progressive: $3,508 per year, or about $292 per month.

  5. Safe Auto: $3,701 per year, or about $308 per month.

Cheapest auto insurance in Mississippi for 30-year-old drivers with one at-fault crash

For drivers in Mississippi with a recent accident, here are the lowest average rate options for full coverage:

  1. State Farm: $1,752 per year, or about $146 per month.

  2. Mississippi Farm Bureau: $1,779 per year, or about $148 per month.

  3. Safeway: $2,211 per year, or about $184 per month.

  4. Progressive: $3,043 per year, or about $254 per month.

  5. Allstate: $3,121 per year, or about $260 per month.

Cheapest auto insurance in Mississippi for 30-year-old drivers after a DUI

For the cheapest auto insurance after a DUI, we found the following options for full coverage.

  1. State Farm: $1,994 per year, or about $166 per month.

  2. Progressive: $2,363 per year, or about $197 per month.

  3. Safeway: $2,373 per year, or about $198 per month.

  4. Mississippi Farm Bureau: $2,485 per year, or about $207 per month.

  5. Allstate: $3,126 per year, or about $260 per month.

Cheapest for 40-year-old drivers

Drivers in their 40s tend to have better insurance rates than their younger counterparts on average, but still pay more than older age groups. Shopping around for cheap car insurance quotes with multiple insurers is the best way to find lower rates. Good drivers who don’t get behind the wheel often might want to consider pay-per-mile insurance, which charges drivers by how many miles they drive.

Cheapest full coverage car insurance in Mississippi for 40-year-olds

Drivers in Mississippi with clean driving records may want to think about the following companies, which had the lowest average rates:

  1. Mississippi Farm Bureau: $1,254 per year, or about $104 per month.

  2. State Farm: $1,322 per year, or about $110 per month.

  3. Shelter: $1,641 per year, or about $137 per month.

  4. Safeway: $1,650 per year, or about $138 per month.

  5. Progressive: $1,767 per year, or about $147 per month.

Cheapest minimum coverage car insurance in Mississippi for 40-year-olds

Drivers in Mississippi who want just the minimum coverage may want to check prices from these companies, which had the lowest average rates:

  1. State Farm: $337 per year, or about $28 per month.

  2. Mississippi Farm Bureau: $384 per year, or about $32 per month.

  3. Safeway: $513 per year, or about $43 per month.

  4. Progressive: $579 per year, or about $48 per month.

  5. Safe Auto: $627 per year, or about $52 per month.

Cheapest auto insurance in Mississippi for 40-year-olds with poor credit

Drivers with poor credit in Mississippi can check out the following insurers with the lowest average rates for full coverage:

  1. Safeway: $1,650 per year, or about $138 per month.

  2. Mississippi Farm Bureau: $2,182 per year, or about $182 per month.

  3. Shelter: $2,978 per year, or about $248 per month.

  4. Safe Auto: $3,052 per year, or about $254 per month.

  5. Allstate: $3,108 per year, or about $259 per month.

Cheapest auto insurance in Mississippi for 40-year-old drivers with one at-fault crash

For drivers with a recent accident living in Mississippi, here are the companies with the lowest average rates for full coverage:

  1. Mississippi Farm Bureau: $1,622 per year, or about $135 per month.

  2. State Farm: $1,714 per year, or about $143 per month.

  3. Safeway: $1,986 per year, or about $166 per month.

  4. Progressive: $2,861 per year, or about $238 per month.

  5. Allstate: $3,121 per year, or about $260 per month.

Cheapest auto insurance in Mississippi for 40-year-old drivers after a DUI

The cheapest full coverage auto insurance we found for drivers with a DUI came from the following companies.

  1. State Farm: $1,952 per year, or about $163 per month.

  2. Safeway: $2,130 per year, or about $178 per month.

  3. Progressive: $2,204 per year, or about $184 per month.

  4. Mississippi Farm Bureau: $2,238 per year, or about $186 per month.

  5. Allstate: $3,126 per year, or about $260 per month.

Cheapest for 50-year-old drivers

Drivers in their 50s have cheaper car insurance rates than most other age groups on average. Prices will continue to drop as they inch toward their 60s and gain more driving experience. Rates can still vary depending on other factors such as a driver’s gender and location, so it’s smart to shop around to find the best rate. Our list of cheap auto insurance companies is a good place to start.

Cheapest full coverage car insurance in Mississippi for 50-year-olds

Drivers in Mississippi with clean driving records may want to get quotes from these insurers, which had the lowest average rates:

  1. Mississippi Farm Bureau: $1,212 per year, or about $101 per month.

  2. State Farm: $1,289 per year, or about $107 per month.

  3. Shelter: $1,389 per year, or about $116 per month.

  4. Safeway: $1,431 per year, or about $119 per month.

  5. Progressive: $1,606 per year, or about $134 per month.

Cheapest minimum coverage car insurance in Mississippi for 50-year-olds

Drivers in Mississippi who opt for the state minimum coverage may want to consider the following companies, with the lowest average rates:

  1. State Farm: $336 per year, or about $28 per month.

  2. Mississippi Farm Bureau: $377 per year, or about $31 per month.

  3. Safeway: $453 per year, or about $38 per month.

  4. Progressive: $547 per year, or about $46 per month.

  5. Shelter: $570 per year, or about $48 per month.

Cheapest auto insurance in Mississippi for 50-year-olds with poor credit

Drivers with poor credit in Mississippi can check with the following companies, which showed the lowest average rates for full coverage:

  1. Safeway: $1,431 per year, or about $119 per month.

  2. Mississippi Farm Bureau: $2,109 per year, or about $176 per month.

  3. Shelter: $2,519 per year, or about $210 per month.

  4. Allstate: $2,832 per year, or about $236 per month.

  5. Safe Auto: $2,894 per year, or about $241 per month.

Cheapest auto insurance in Mississippi for 50-year-old drivers with one at-fault crash

For drivers living in Mississippi with a recent accident, here are the insurers with the lowest average full coverage rates:

  1. Mississippi Farm Bureau: $1,563 per year, or about $130 per month.

  2. State Farm: $1,676 per year, or about $140 per month.

  3. Safeway: $1,717 per year, or about $143 per month.

  4. Progressive: $2,782 per year, or about $232 per month.

  5. Shelter: $2,820 per year, or about $235 per month.

Cheapest auto insurance in Mississippi for 50-year-old drivers after a DUI

The cheapest auto insurance we found for drivers with a recent DUI comes from the following companies, listed with rates for full coverage.

  1. Safeway: $1,839 per year, or about $153 per month.

  2. State Farm: $1,909 per year, or about $159 per month.

  3. Progressive: $2,088 per year, or about $174 per month.

  4. Mississippi Farm Bureau: $2,147 per year, or about $179 per month.

  5. Allstate: $2,858 per year, or about $238 per month.

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Cheapest for 60-year-old drivers

Although 60-year-olds have cheaper car insurance rates than many other age groups on average, prices will start increasing as they get older. To find cheap car insurance for seniors, drivers in their 60s should make sure to shop around to find the best rate. Drivers in this age group should also take advantage of any available discounts for senior citizens.

Cheapest full coverage car insurance in Mississippi for 60-year-olds

Drivers in Mississippi with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:

  1. Mississippi Farm Bureau: $1,128 per year, or about $94 per month.

  2. State Farm: $1,221 per year, or about $102 per month.

  3. Shelter: $1,389 per year, or about $116 per month.

  4. Safeway: $1,448 per year, or about $121 per month.

  5. Progressive: $1,535 per year, or about $128 per month.

Cheapest minimum coverage car insurance in Mississippi for 60-year-olds

Drivers in Mississippi who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:

  1. State Farm: $319 per year, or about $27 per month.

  2. Mississippi Farm Bureau: $341 per year, or about $28 per month.

  3. Safeway: $495 per year, or about $41 per month.

  4. Progressive: $535 per year, or about $45 per month.

  5. Shelter: $570 per year, or about $48 per month.

Cheapest auto insurance in Mississippi for 60-year-olds with poor credit

Drivers with poor credit in Mississippi can look at the following companies with the lowest average rates for full coverage:

  1. Safeway: $1,448 per year, or about $121 per month.

  2. Mississippi Farm Bureau: $1,963 per year, or about $164 per month.

  3. Shelter: $2,519 per year, or about $210 per month.

  4. Safe Auto: $2,795 per year, or about $233 per month.

  5. Allstate: $2,801 per year, or about $233 per month.

Cheapest auto insurance in Mississippi for 60-year-old drivers with one at-fault crash

For drivers with a recent accident living in Mississippi, here are the companies with the lowest average rates for full coverage:

  1. Mississippi Farm Bureau: $1,447 per year, or about $121 per month.

  2. State Farm: $1,583 per year, or about $132 per month.

  3. Safeway: $1,742 per year, or about $145 per month.

  4. Progressive: $2,697 per year, or about $225 per month.

  5. Shelter: $2,820 per year, or about $235 per month.

Cheapest auto insurance in Mississippi for 60-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI came from the following companies, shown with their average rates for full coverage.

  1. State Farm: $1,806 per year, or about $150 per month.

  2. Safeway: $1,866 per year, or about $156 per month.

  3. Mississippi Farm Bureau: $1,966 per year, or about $164 per month.

  4. Progressive: $2,010 per year, or about $168 per month.

  5. Allstate: $2,835 per year, or about $236 per month.

Cheapest car insurance for military families

If you're an active member of the military or a veteran — or have an immediate family member who is — chances are you'll get a relatively cheap rate with USAA, a company that isn't available to the general public.

Because of that restriction, USAA isn't ranked with the others, but it was among the cheapest three auto insurance options for all 48 driver profiles we examined.

Minimum car insurance requirements in Mississippi

Mississippi car insurance policies must include liability insurance. If you ever cause an accident, this coverage pays for others’ injuries or property damage, up to your insurance limit.

The minimum limits you can select are:

  • $25,000 bodily injury liability per person.

  • $50,000 bodily injury liability per accident.

  • $25,000 property damage liability per accident.

Most drivers can benefit from buying more than the legal minimum, as a crash could easily result in injury or repair bills higher than the amounts listed above. You may also want to consider common add-ons such as collision, comprehensive and uninsured motorist protection.

Check out NerdWallet’s guide to car insurance requirements by state for more help understanding coverage options for your Mississippi auto policy.

Alternative car insurance in Mississippi

Drivers who are unable to buy car insurance through the voluntary market — due to poor credit, DUIs or other factors — can get coverage through the Mississippi Automobile Insurance Plan.

For more help finding cheap car insurance in Mississippi, check out NerdWallet's car insurance comparison tool.

Methodology

For our “good driver” profile, NerdWallet averaged insurance estimates for single male and female drivers with good credit and no tickets or violations. The analysis included 5-10 of the largest insurance companies in each state; smaller insurers were also included when rates were available. Liberty Mutual and its subsidiaries were excluded from our analysis as rates were not available.

For full coverage policies, we used the following coverage limits:

  • $100,000 bodily injury liability per person.

  • $300,000 bodily injury liability per accident.

  • $50,000 property damage liability per accident.

  • $100,000 uninsured motorist coverage per person.

  • $300,000 uninsured motorist coverage per accident.

  • Collision coverage with a $1,000 deductible.

  • Comprehensive coverage with a $1,000 deductible.

In states where required, minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion.

We used a 2019 Toyota Camry L for all drivers and assumed 12,000 annual miles driven.

We analyzed rates for drivers 20 to 60 years old in ten-year increments.

We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with minimum coverage, we adjusted the numbers above to reflect the minimum required coverage by law in the state.

  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for drivers with poor credit.

  • For drivers with one at-fault crash, we added a single at-fault crash that happened six months ago, resulting in $10,000 in property damage and no bodily injury claim.

  • For drivers with a DUI, we added a single drunken driving violation that happened six months ago.

We looked at 35-year-old drivers to find the cheapest company overall, the cheapest company for minimum coverage and the cheapest company for drivers with poor credit in states where credit history is used to price rates. We looked at 20-year-old drivers to find the cheapest company for young drivers.

These are rates generated through Quadrant Information Services. Your own rates will be different.

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