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Amica and Chubb are among the best homeowners insurance companies in Mississippi, according to our analysis.
We analyzed data from more than 30 insurance companies to help you find the best home insurance in Mississippi. Below are the insurers that earned 4.5 stars or more in our analysis.
Rates are based on a sample homeowner with good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible.
Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.
Company | NerdWallet star rating | Average annual rate |
|---|---|---|
Not available | ||
Not available | ||
$4,135 | ||
$4,885 | ||
$4,805 | ||
Not available | ||
$3,215 | ||
$2,855 | ||
USAA* | $1,865 | |
*USAA homeowners policies are available only to active military, veterans and their families. | ||
What’s new in Mississippi?
The state legislature recently passed a law stating that homeowners insurers in Mississippi aren’t allowed to deny or cancel a policy based only on the age of the home’s roof. This law applies to policies issued or renewed on or after July 1, 2024.
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Answer a few questions to see custom quotes and find the right policy for you.The best homeowners insurance companies in Mississippi
Here’s a closer look at the home insurance companies in Mississippi that earned a 5-star rating in our analysis.
Amica
Well-established insurer known for great customer service.- High customer satisfaction ratings and low consumer complaints.
- Platinum Choice package offers extra coverage.
- Simple online claims filing and tracking.
- You can start a quote online but have to finish the buying process by phone.
Amica stands out for its broad range of coverage options. You can customize your policy with extra coverage above your dwelling limit, in case your house costs more to rebuild than expected. You may also want to add coverage for damage from water backups or recovery from identity theft.
The company has drawn far fewer consumer complaints to state regulators than expected for an insurer of its size, according to the National Association of Insurance Commissioners.
» READ MORE: Amica homeowners insurance review
Chubb
Perks and high coverage limits for affluent homeowners.- Significantly fewer consumer complaints than expected for a company of its size.
- Standard coverage includes features that many companies offer only as extras.
- Large number of potential discounts.
- Most consumers aren't able to get a quote online and will instead need to contact a local agent.
Chubb caters to owners of high-value homes and draws far fewer consumer complaints than expected for a company of its size, according to the NAIC. Its home insurance policies come with some great perks, including extended replacement cost coverage in case it costs more than your dwelling limit to rebuild your home after a disaster.
If you insure a secondary or seasonal home in Mississippi with Chubb, you can sign up for the company’s Property Manager service at no charge. With this service, a Chubb representative will inspect your home after a hurricane, report its condition to you, submit a claim on your behalf and help prevent further damage.
» READ MORE: Chubb homeowners insurance review
USAA
Offers perks and affordable rates for the military community.- Policies include standard coverage that often costs extra elsewhere.
- Far fewer customer complaints to state regulators than expected for a company of its size.
- Rates are below the national average, according to NerdWallet’s analysis.
- Available only to active military members, veterans and their families.
USAA sells homeowners insurance to veterans, active military and their families. If you fall into one of those groups, you might want to look into USAA’s offerings. The company’s homeowners policies include some unique perks such as deductible-free coverage for military uniforms and coverage for identity theft.
USAA automatically covers your personal belongings on a replacement cost basis. Many companies pay out only what your items are worth at the time of the claim, which means you may not get much for older items. USAA pays enough for you to buy brand-new replacements for your stuff.
» READ MORE: USAA homeowners insurance review
How much does homeowners insurance cost in Mississippi?
The average annual cost of home insurance in Mississippi is $3,310. That’s 57% more than the national average of $2,110.
In most U.S. states, including Mississippi, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.
In Mississippi, those with poor credit pay an average of $7,075 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s more than double what those with good credit pay.
Average cost of homeowners insurance in Mississippi by city
How much you pay for homeowners insurance in Mississippi depends on where you live. For instance, the average cost of home insurance in Jackson is $3,800 per year, while homeowners in Gulfport pay $5,485 per year, on average.
City | Average annual rate | Average monthly rate |
|---|---|---|
Biloxi | $5,575 | $465 |
Brandon | $3,215 | $268 |
Canton | $3,215 | $268 |
Clinton | $3,755 | $313 |
Columbus | $3,215 | $268 |
Greenville | $3,465 | $289 |
Gulfport | $5,485 | $457 |
Hattiesburg | $4,635 | $386 |
Hernando | $3,170 | $264 |
Jackson | $3,800 | $317 |
Laurel | $4,135 | $345 |
Lucedale | $3,215 | $268 |
Madison | $3,210 | $268 |
Meridian | $3,215 | $268 |
Moss Point | $5,795 | $483 |
Natchez | $3,295 | $275 |
Ocean Springs | $5,710 | $476 |
Olive Branch | $3,170 | $264 |
Oxford | $2,845 | $237 |
Pearl | $3,215 | $268 |
Picayune | $3,215 | $268 |
Southaven | $3,170 | $264 |
Starkville | $3,215 | $268 |
Tupelo | $3,215 | $268 |
Vicksburg | $3,215 | $268 |
The cheapest home insurance in Mississippi
Here are the insurers we found with average annual rates below the Mississippi average of $3,310.
Company | NerdWallet star rating | Average annual rate |
|---|---|---|
$2,855 | ||
Mississippi Farm Bureau | Not rated | $3,170 |
$3,215 | ||
USAA* | $1,865 | |
*USAA homeowners policies are available only to active military, veterans and their families. | ||
Common risks for Mississippi homeowners
Here are some of the most common risks you may face as a Mississippi homeowner, along with steps you can take to insure your home against them.
Hurricanes
A standard homeowners insurance policy typically covers wind damage. However, residents of coastal areas may have windstorm exclusions or a separate wind deductible. A wind deductible may be a flat rate, such as $1,000, or a percentage of your dwelling coverage. For example, your policy may have a $1,000 deductible for most claims and a 1% deductible for hail or wind claims. So if your house has $250,000 worth of dwelling coverage, you’d have to pay for the first $2,500 of wind damage yourself.
If your policy doesn’t cover wind damage, you may be able to purchase separate wind coverage from the Mississippi Windstorm Underwriting Association.
Flooding
Flood damage is not typically covered by standard homeowners insurance; you’ll need to buy a separate flood insurance policy. Remember that while you can purchase flood coverage anytime, there’s typically a 30-day waiting period before the insurance takes effect.
To check your flood risk, start by looking up your address on the Federal Emergency Management Agency's flood maps. However, FEMA’s maps can be outdated and don’t always capture all types of flood risk. Another source to check is First Street, a private company that models climate hazards. Enter your address at the top of the page to see your home’s flood risk rating on a scale of 1 to 10.
» MORE: Do you need flood insurance?
Tornadoes and thunderstorms
Standard homeowners insurance will cover tornado damage, but some policies may carry a separate deductible for wind damage, as described in the hurricane section.
Severe thunderstorms can bring hail damage, which home insurance policies generally cover. However, as with wind damage, you may have a separate deductible for hail damage.
Mississippi insurance department
The Mississippi Insurance Department oversees the state’s insurance industry and provides consumer protection and resources. Its website includes information about homeowners insurance in Mississippi, including tips on shopping for a policy and ways to save on your premiums.
You can file a complaint against your insurance company online, by mail or via fax. If you have questions about filing a complaint or need help, you can send an email to consumer@mid.ms.gov or call 800-562-2957.
- Looking for more insurance in Mississippi?
- Find home insurance in other states
Amanda Shapland contributed to this story.
Frequently asked questions
Is homeowners insurance required in Mississippi?
Is homeowners insurance required in Mississippi?
Homeowners insurance isn’t legally required in Mississippi, but your mortgage lender may require you to buy it. For more information, read Is Homeowners Insurance Required?
Does Mississippi homeowners insurance cover flooding?
Does Mississippi homeowners insurance cover flooding?
A standard homeowners policy typically doesn’t cover flooding. That means you may want to buy separate flood insurance if your home is in a high-risk area. Learn how to find the best flood insurance.
How can I save money on home insurance in Mississippi?
How can I save money on home insurance in Mississippi?
There are several ways to save money on homeowners insurance in Mississippi:
Shop around to make sure you’re getting the best rate. Learn more about how to shop for home insurance.
Choose a higher deductible. In case of any claims, you’ll pay more out of pocket, but your premiums will be lower.
Bundle your home and auto insurance for a lower overall rate. See the best home and auto insurance bundles.
Ask your insurer if you qualify for any home insurance discounts.
Homeowners insurance rates methodology
NerdWallet calculated median rates for 40-year-old homeowners from various insurance companies in the 25 largest cities in each U.S. state by population. All rates are rounded to the nearest $5.
Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1984. They had a $1,000 deductible and the following coverage limits:
$300,000 in dwelling coverage.
$30,000 in other structures coverage.
$150,000 in personal property coverage.
$60,000 in loss of use coverage.
$300,000 in liability coverage.
$1,000 in medical payments coverage.
We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available.
We changed the credit tier from “good” to “poor,” as reported to the insurer, to see rates for homeowners with poor credit.
These are sample rates generated through Quadrant Information Services. Your own rates will be different.
Star rating methodology
NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts and online experience. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our full homeowners insurance rating methodology.
Complaint methodology
NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2021-2023. To assess how insurers compare with one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.
