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Best Cheap Car Insurance in Mississippi for 2020

Jan. 2, 2020
Auto Insurance, Insurance
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Shopping around is crucial if you want cheap car insurance in Mississippi. Insurance prices can swing dramatically from one insurer to the next for seemingly no reason, and vary depending on factors such as your age, credit and history of accidents.

To help Mississippi drivers find competitive deals, NerdWallet researched rates from the 12 largest insurers in the state and found the lowest rates for several types of drivers.

Cheapest for good drivers in Mississippi

For a Mississippi driver with clean driving and credit records, the cheapest insurance companies and average rates for full coverage policies are:

  1. Safeco: $1,038 per year.
  2. Direct Auto: $1,062 per year.
  3. Geico: $1,257 per year.
  4. Mississippi Farm Bureau: $1,298 per year.
  5. State Farm: $1,524 per year.
Drivers with no recent accidents or violations can get cheaper car insurance rates for having good credit. For this calculation, NerdWallet averaged rates for 40-year-old men and women with a clean driving record and good credit. In terms of driving and credit history, a large portion of drivers are closest to this profile, which carries standard "full coverage" insurance, including comprehensive and collision, along with state-required coverage. Prices shown include a good driver discount, when available from the insurer.

Cheapest for minimum coverage in Mississippi

For Mississippi’s minimum required insurance, the cheapest insurers and average rates for a driver with good credit and a clean driving history are:

  1. Direct Auto: $259 per year.
  2. Geico: $375 per year.
  3. Safeco: $428 per year.
  4. Mississippi Farm Bureau: $452 per year.
  5. State Farm: $540 per year.
We calculated these numbers by averaging rates for 40-year-old good drivers (earning them a discount if the insurer offers one) who have only the minimum mandatory insurance in their state. Such light coverage isn't typically recommended since it might not cover all the bills resulting from a car accident, but it's better than nothing — especially if you can't afford much more. If you're looking for the cheapest possible insurance you can get, though, you'll still want to get quotes from at least three auto insurers.

Cheapest for good drivers with poor credit

For a Mississippian with blemished credit and a good driving record, these are the cheapest insurance companies and average rates for full coverage auto policies:

  1. Direct Auto: $1,480 per year.
  2. Geico: $1,527 per year.
  3. Safeway: $1,753 per year.
  4. Nationwide: $2,043 per year.
  5. Safeco: $2,073 per year.
If you have a spotty credit history, it's important to shop around to find the cheapest auto insurance rates you can. Poor credit can have a bigger effect on car insurance premiums than even a DUI conviction or a recent at-fault crash, but prices vary by insurer. To calculate these figures, NerdWallet averaged rates for 40-year-olds with a clean driving record and associated good driver discount, if the insurer offered one. They had poor credit as reported to their insurer, and standard "full coverage" car insurance.

Cheapest for drivers with one at-fault crash

For Mississippi drivers with a recent at-fault wreck on their records, here are the cheapest insurers we found and their average rates for full coverage policies:

  1. Safeco: $1,589 per year.
  2. Direct Auto: $1,655 per year.
  3. Mississippi Farm Bureau: $1,670 per year.
  4. Alfa: $1,918 per year.
  5. Geico: $1,952 per year.
After a relatively minor crash, some auto insurers will charge a lot more than others for coverage. To get these figures, we averaged rates for 40-year-olds with typical "full coverage" insurance and one recent at-fault crash costing $10,000 in property damage. Your rates will remain high for three to five years after you cause an accident or have a moving violation — and you still may be rejected for coverage from certain companies, including those above. If you fall into this category, be sure to shop for new insurance rates just after the three-year and five-year anniversaries of your infraction.

Cheapest insurance after a DUI in Mississippi

When a Mississippi driver’s record includes a recent DUI, the cheapest insurers and average rates for full coverage are:

  1. Direct Auto: $1,375 per year.
  2. Safeco: $1,635 per year.
  3. Mississippi Farm Bureau: $2,119 per year.
  4. Progressive: $2,166 per year.
  5. Alfa: $2,213 per year.
A conviction for driving under the influence, or DUI, generally results in higher auto insurance premiums than before. NerdWallet analyzed rates for 40-year-old drivers and standard “full coverage” car insurance with a recent DUI conviction to see which companies were cheapest. Be warned that you may be rejected for coverage, including from the companies listed above. Rates can vary by hundreds between carriers after a DUI, and some penalize for longer than others, so it’s important to shop around for the best available price right after you see a price hike and each year after that.

Cheapest insurance after a ticket in Mississippi

For drivers in Mississippi with a recent speeding ticket on their records, the cheapest average rates for full coverage came from these insurers:

  1. Direct Auto: $1,303 per year.
  2. Safeco: $1,435 per year.
  3. Mississippi Farm Bureau: $1,636 per year.
  4. State Farm: $1,748 per year.
  5. Safeway: $1,753 per year.
Getting a speeding ticket will result in higher car insurance rates from most companies for three to five years. To see who has the cheapest rates, we calculated average car insurance rates for 40-year-old drivers with “full coverage” insurance and a recent ticket for speeding 16 mph over the limit. Though these larger companies were the cheapest we found on average, others may be cheaper for you, so be sure to get at least three quotes before deciding on a carrier.

Cheapest for couples and families in Mississippi

For couples and families, the cheapest car insurance doesn’t always come from the same companies that are least expensive for singles. Insurers often give discounts for insuring multiple vehicles, but each company applies rates and discounts differently. So it’s smart to shop for fresh auto insurance quotes after any big life event like getting married, moving, or adding a driver. We analyzed rates for a Mississippi couple, with and without a teen driver, to see who’s cheapest for a two-vehicle household.

Cheapest for a married couple in Mississippi

For full coverage on two vehicles, these are the cheapest insurance companies and average rates for a wife and husband in Mississippi, both 50 years old with good credit and clean driving records:

  1. Direct Auto: $1,437 per year.
  2. Safeco: $1,548 per year.
  3. Geico: $1,895 per year.
  4. Shelter: $2,088 per year.
  5. Mississippi Farm Bureau: $2,264 per year.
Couples who live together can save on auto insurance by combining policies, whether they are married or not, because they can earn multi-car and multi-driver discounts. Once they tie the knot, rates can dip further, but not because of discounts — insurers see married people as less risky and so charge them lower rates. Our hypothetical 50-year-old couple’s clean driving record also earns them both a good driver discount.

Cheapest for families with a teen in Mississippi

For a 50-year-old Mississippi couple with an 18-year-old driver on the policy, here are the cheapest insurers and average rates for full coverage on two vehicles:

  1. Direct Auto: $1,847 per year.
  2. Safeco: $2,904 per year.
  3. Mississippi Farm Bureau: $3,308 per year.
  4. Geico: $3,401 per year.
  5. Shelter: $3,893 per year.
Adding a teen with two years’ driving experience to a married couple's policy is sure to cause a big jump in rates. Since different insurers tend to see a teen’s inexperience in different ways, we analyzed rates to see which companies had the cheapest car insurance for teens. These rates are averaged for 50-year-old couples with male and female 18-year-old drivers.

Cheapest for young drivers in Mississippi

Rock-bottom car insurance prices aren’t always available to drivers in their 20s, but some companies are much cheaper than others. Although insurers often charge young people higher rates than more experienced drivers, each company considers age and driving background differently. That means it’s important to compare quotes and see which company is cheapest for you. Here’s what we found when we checked rates for 25-year-olds in Mississippi.

Cheapest full coverage for young good drivers

For full coverage, these are the cheapest insurance companies we found and their average rates for a 25-year-old in Mississippi with clean driving and credit records:

  1. Safeco: $1,268 per year.
  2. Direct Auto: $1,435 per year.
  3. Mississippi Farm Bureau: $1,640 per year.
  4. Nationwide: $1,753 per year.
  5. State Farm: $1,779 per year.
Drivers in their 20s can have a hard time finding cheap car insurance, and that's even truer when they need full coverage. The rates above are averages for 25-year-old male and female drivers with comprehensive and collision coverages, which are often required for drivers with active auto loans or leases. These rates reflect a good driver discount. Young drivers, like all drivers, should check several quotes to find the cheapest for the coverage levels they need.

Cheapest minimum coverage for young good drivers

For a young driver who wants only Mississippi’s minimum required insurance, the cheapest companies and average rates are:

  1. Direct Auto: $345 per year.
  2. Safeco: $527 per year.
  3. Allstate: $578 per year.
  4. Mississippi Farm Bureau: $605 per year.
  5. State Farm: $616 per year.
Since young people often have fewer assets to protect with liability insurance, they can usually get away with lower coverage limits. For an age group with relatively high insurance rates on average, that's good news, keeping rates as low as possible. For this price set, we averaged rates for 25-year-old male and female drivers who have clean driving records, good credit and bare-bones insurance coverage.

Poor credit and minimum coverage

For a 25-year-old Mississippi driver with spotty credit and a good driving history, these are the cheapest insurers and average rates for minimum coverage:

  1. Direct Auto: $484 per year.
  2. Nationwide: $795 per year.
  3. Geico: $802 per year.
  4. Allstate: $871 per year.
  5. Safeway: $937 per year.
Poor credit is common for younger folks just starting out, who may still be building their credit files. That can increase rates further, so it's extra important to shop around and compare as many insurance quotes as possible to find the cheapest you can get. For these prices, we averaged rates for 25-year-old male and female drivers with no recent accidents or violations (earning them a good driver discount), minimum coverage car insurance, and credit in the "poor" tier as reported to an insurer.

Cheapest for minimum coverage after a crash

If a young driver in Mississippi was at fault in a recent wreck, the cheapest companies and average rates for minimum required insurance are:

  1. Direct Auto: $512 per year.
  2. Alfa: $780 per year.
  3. Mississippi Farm Bureau: $807 per year.
  4. State Farm: $819 per year.
  5. Nationwide: $869 per year.
To get prices for this group, we averaged rates for 25-year-old male and female drivers with good credit and a recent at-fault crash costing $10,000 in property damage. Since car insurance is often pricier after a crash, and especially so for young drivers, we assumed minimum required insurance in the state to contain costs for our hypothetical driver. Depending on your situation, you may still be rejected for coverage, including from the companies listed above. If you've caused a crash, no matter your age, be sure to check auto insurance quotes just after the third and fifth anniversaries of your incident, when insurers often adjust rates downward.

Cheapest for minimum coverage after a DUI

For 25-year-old Mississippi drivers with a recent DUI on their record, here are the cheapest insurance companies we found and their average rates for minimum coverage:

  1. Direct Auto: $374 per year.
  2. Allstate: $808 per year.
  3. Safeco: $882 per year.
  4. Alfa: $927 per year.
  5. State Farm: $968 per year.
Young drivers with a recent DUI on their records will need to be diligent to find the lowest car insurance rates they can get — it's likely that many companies' rates will be quite expensive. Depending on the circumstances, you may be rejected for coverage, including from the companies listed above. But spending the time to shop around for quotes can help you find the lowest price from a company available to you. For this analysis, we averaged rates for male and female 25-year-old drivers with a recent DUI conviction. They had good credit and minimum required car insurance, which helps keep rates down.

Cheapest for minimum coverage and a ticket

For a young driver in Mississippi whose record includes a recent speeding ticket, the cheapest average rates for minimum required insurance came from these companies:

  1. Direct Auto: $397 per year.
  2. Allstate: $639 per year.
  3. State Farm: $696 per year.
  4. Nationwide: $699 per year.
  5. Safeco: $745 per year.
Getting a speeding ticket is never fun, and neither is the higher car insurance bill you may receive months later. At that point, it's time to shop around for better rates, and it wouldn't hurt to repeat on your third and fifth ticket anniversaries, when insurers may adjust rates downward. We analyzed rates for 25-year-old male and female drivers with a recent speeding violation for going 16 mph over the speed limit to see prices for this group.

Cheap for military families

If you’re an active military member or a veteran — or have an immediate family member who is — you’ll most likely find cheap car insurance in Mississippi from USAA. It’s not available to the general public, so we don’t rank it in the groups above, but USAA was one of the three cheapest options for every category listed above.

» MORE: Best car insurance for veterans and military

Recap: Cheapest car insurance in Mississippi

  • Good drivers: Safeco
  • Minimum coverage: Direct Auto
  • Poor credit: Direct Auto
  • After an at-fault crash: Safeco
  • After a DUI: Direct Auto
  • After a speeding ticket: Direct Auto
  • Married couples: Direct Auto
  • Families with a teen: Direct Auto
  • Young good drivers: Safeco
  • Minimum coverage for young good drivers: Direct Auto
  • Minimum coverage for young drivers with poor credit: Direct Auto
  • Minimum coverage for young drivers after a crash: Direct Auto
  • Minimum coverage for young drivers after a DUI: Direct Auto
  • Minimum coverage for young drivers after a ticket: Direct Auto

» MORE: Compare car insurance

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 rates from the largest insurers in the state for 40-year-old men and women in all ZIP codes with 12,000 annual miles driven. The policy includes:

  • $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.
If required, minimum additional coverages were added and "good driver" discounts were automatically applied. Our “young driver” had all the same characteristics, but average rates were for 25-year-old men and women. We used a 2016 Toyota Camry LE for all single drivers. 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 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 costing $10,000 in property damage.
  • For drivers with a ticket, we added a single speeding violation for driving 16 mph over the speed limit.
  • For drivers with a DUI, we added a single drunken driving violation.
Couples in our analyses were 50-year-old men and women with good credit and clean driving histories, averaged across all ZIP codes with the same policy outlined above. To see rates for families with a teen, we added an 18-year-old licensed two years ago, averaging rates for male and female teens. For couples and families we added a 2016 Nissan Rogue S to create a two-car household.

In all cases, a paperless discount, e-signature discount and electronic funds transfer discount were automatically applied. These are rates provided by Quadrant Information Services. Your own rates will be different.