The Best Home Insurance in Mississippi for 2023
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The average cost of homeowners insurance in Mississippi is $2,510 per year, or about $210 per month, according to a NerdWallet analysis. That’s considerably higher than the national average of $1,820 per year.
We’ve analyzed rates and companies across the state to find the best homeowners insurance in Mississippi. Our sample rates are for a homeowner with good credit and $300,000 dwelling coverage, $300,000 liability coverage, and a $1,000 deductible. But, of course, your rates will be different.
Note: Some insurance companies in this article may have changed their underwriting practices and no longer issue new policies in your state.
The best homeowners insurance in Mississippi
If you’re looking to buy homeowners insurance from a well-rated national brand, consider one of these insurers from NerdWallet’s list of the Best Homeowners Insurance Companies.
Company | NerdWallet star rating | Average annual rate |
---|---|---|
$2,065 | ||
$3,200 | ||
$2,675 | ||
USAA* | $2,245 | |
*USAA homeowners policies are available only to active military, veterans and their families. |
More about the best home insurance companies in Mississippi
See more details about each company to help you decide which is best.
Coverage options
Discounts
NAIC complaints
State Farm
Coverage options
Discounts
NAIC complaints
State Farm is a great choice for homeowners who like to work directly with a company representative, as the company sells policies through a vast network of agents. And its attention to customer service has paid off; the company has fewer customer complaints to state regulators than expected for a company of its size.
State Farm offers a free Ting device as a perk for home insurance policyholders. Ting is a smart plug that monitors your home’s electrical network to help prevent fires.
Learn more with our State Farm homeowners insurance review.
Farmers
Coverage options
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NAIC complaints
Farmers
Coverage options
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NAIC complaints
Homeowners policies from Farmers may include two valuable types of insurance: extended dwelling and replacement cost coverage. Extended dwelling coverage gives you extra insurance for the structure of your house, while replacement cost coverage offers higher reimbursement for stolen or destroyed belongings.
Some Farmers policies also come with perks that can save you money. For example, with claim forgiveness, Farmers won’t raise your rate for a claim as long as you haven’t filed one within the past five years.
Learn more with our Farmers homeowners insurance review.

Nationwide
Coverage options
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NAIC complaints

Nationwide
Coverage options
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NAIC complaints
We like Nationwide for its wide variety of coverage options. For example, its standard homeowners insurance policy generally includes ordinance or law coverage, which can help pay to bring your home up to current building codes after a covered claim. In addition, you can add other coverage for things like identity theft and damage from backed-up sewers and drains.
Depending on how much personal assistance you need, you can get a quote for homeowners insurance on the Nationwide website or work with a local agent instead. You can also use the website to pay bills, file claims or check claim status.
Learn more with our Nationwide homeowners insurance review.

Coverage options
Discounts
NAIC complaints

USAA
Coverage options
Discounts
NAIC complaints
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.
Homeowners in Mississippi can participate in the company’s Connected Home program, which gives you a discount on your policy if you buy and install approved smart home devices. These include water leak sensors, cameras and thermostats.
Learn more in our USAA homeowners insurance review.
How much does homeowners insurance cost in Mississippi?
The average annual cost of home insurance in Mississippi is $2,510. That’s 38% more than the national average of $1,820.
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 $5,640 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s more than twice as much as those with good credit.
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 $2,815 per year, while homeowners in Gulfport pay $3,650 per year, on average.
City | Average annual cost | Average monthly cost |
---|---|---|
Biloxi | $3,725 | $310 |
Brandon | $2,415 | $201 |
Columbus | $2,180 | $182 |
Greenville | $2,390 | $199 |
Gulfport | $3,650 | $304 |
Hattiesburg | $2,875 | $240 |
Hernando | $2,185 | $182 |
Jackson | $2,815 | $235 |
Laurel | $2,550 | $213 |
Madison | $2,505 | $209 |
Meridian | $2,270 | $189 |
Natchez | $2,545 | $212 |
Ocean Springs | $3,840 | $320 |
Olive Branch | $2,220 | $185 |
Oxford | $2,205 | $184 |
Pearl | $2,560 | $213 |
Southaven | $2,215 | $185 |
Starkville | $2,125 | $177 |
Tupelo | $2,165 | $180 |
Vicksburg | $2,525 | $210 |
The cheapest home insurance in Mississippi
Here are the insurers we found with average annual rates below the Mississippi average of $2,510.
Company | NerdWallet star rating | Average annual rate |
---|---|---|
$1,060 | ||
$2,065 | ||
USAA* | $2,245 | |
*USAA homeowners policies are available only to active military, veterans and their families. |
What to know about Mississippi homeowners insurance
Mississippi sees a wide range of severe weather that homeowners should consider when shopping for the best homeowners insurance in the state.
Hurricanes
On the Gulf of Mexico, Mississippi is vulnerable to hurricanes. These fierce storms can cause damage from strong winds, storm surge and flooding. If you’re in a coastal area, ensure you have enough wind and flood damage coverage. Read more about hurricane insurance.
Wind damage is typically included in a standard homeowners insurance policy. However, residents of coastal areas may have windstorm exclusions or a separate wind deductible. These are often 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 hail damage yourself.
If wind damage is not covered in your policy, you may be able to purchase separate wind coverage from the “windpool,” or the Mississippi Windstorm Underwriting Association.
Flooding
Flooding is a common hazard in Mississippi, particularly in areas near rivers or other bodies of water or due to hurricanes and tropical storms. Flood damage is not typically covered by standard homeowners insurance; you’ll need to buy a separate flood insurance policy.
To find out if you’re at risk, check out the Federal Emergency Management Agency’s flood maps or visit RiskFactor.com, a website from the nonprofit First Street Foundation. Even if your property is deemed low risk, it may be worthwhile to purchase flood insurance for extra peace of mind.
Remember that while you can purchase flood coverage anytime, there’s typically a 30-day waiting period before the insurance takes effect. Here’s more information about flood insurance and waiting periods.
Tornadoes
Tornadoes are not uncommon in Mississippi, and they seem to be increasing in frequency. The past five years have averaged 86 tornadoes a year, up from an average of 33 a year. Much like hurricanes, the force of wind from these storms can cause significant damage to homes.
Thankfully, standard homeowners insurance will cover tornado damage, but you’ll still want to review your policy carefully. There may be a separate deductible for wind damage, as described in the hurricane section.
Thunderstorms
Severe thunderstorms that produce hail are common in Mississippi. In 2022, there were 108 reports of hail-producing thunderstorms. Hail can cause significant damage to roofs, windows, and siding. The good news for homeowners is that hail damage is often covered by standard policies.
However, as with wind damage, you may have a separate deductible for hail claims, so read your policy carefully to ensure you know what’s covered.
Mississippi insurance department
The Mississippi Insurance Department oversees the state’s insurance industry and provides consumer protection and resources. For example, its website includes guides to shopping for homeowners insurance in Mississippi, a hurricane insurance checklist and other disaster preparedness information.
You can file a complaint against your insurance company with the Mississippi Insurance Department; you can do so by mail, fax or online form. If you have questions about filing a complaint or need help, you can request assistance by email at [email protected] or toll-free at 800-562-2957.
Looking for more insurance in Mississippi? Check out NerdWallet’s picks for the cheapest car insurance in Mississippi.
Amanda Shapland contributed to this story.
NerdWallet averaged rates for 40-year-old homeowners from various insurance companies in every ZIP code across the state. 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 2019-2021. To assess how insurers compare to 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.
