Car Insurance in Madison, MS

Even the most experienced drivers sometimes get into expensive accidents. That is why vehicle owners in Madison need car insurance. From fender benders on Highway 51 to multi-vehicle pileups on I-55, a reliable auto insurance policy can shield you from significant financial losses in the wake of a collision.

Finding the best car insurance is easy when you work with a local independent agent. These agents can provide you with a variety of customized auto insurance quotes so you can be sure you are purchasing a good policy at a competitive price. Find an independent insurance agent in Madison to get started.

How Much Does Car Insurance Cost in Madison, MS?

The average cost of car insurance in Madison is higher than both the national and the state average rates. Shopping around for the best rate has the potential to save you hundreds of dollars a year.

• National average annual car insurance cost: $1,311
• Mississippi's average annual car insurance cost: $1,584

Of course, rates can vary significantly from one driver to the next, so you can expect your actual quoted rates to differ from the average. Car insurance companies calculate costs according to several considerations like:

• The make, model, trim, year, and value of the vehicle(s) you are insuring
• Your age, occupation, driving history, and credit score
• The estimated number of miles you drive your car each year
• The accident and auto theft rates in the vicinity of your home
• The amount of liability coverage you purchase
• Which, if any, coverage options you include in your policy
• Whether you are bundling your coverage with another policy like homeowners insurance or renters insurance

When it comes to car insurance, experience matters. You can expect that a student at Madison Central High School will be charged higher rates than a 50-year-old accountant with a clean driving record.

Reviewing rates from a few competing insurance providers lets you know you are buying your policy at a reasonable price. Independent insurance agents make comparison shopping easy.

Is Car Insurance Required in Madison, MS?

As a vehicle owner in Madison, you must comply with Mississippi's car insurance laws. This state requires vehicle owners to carry car insurance that includes liability coverage.

• Car liability insurance: This is designed to cover property damage and injuries sustained by other people if you are at fault for an accident. Your policy must meet or exceed the following liability coverage amounts:
  • Bodily injury liability coverage per person: $25,000
  • Bodily injury liability coverage per accident: $50,000
  • Property damage liability coverage per accident: $25,000

Although a minimum-coverage policy may be your least expensive option, it is not always the best choice. If you cause a serious crash and your insurance limits are too low to cover all your liabilities, you will need to pay the difference out of pocket.

Therefore, many Madison residents opt to purchase car insurance with higher liability insurance limits than the state requires. You can further boost your liability coverage by purchasing umbrella insurance if you feel that your car insurance policy limits are too low.

What Else Does Car Insurance Cover in Madison, MS?

In addition to the coverage required by law, insurance companies offer several coverage options. The following are some of the options you may want to consider including in your policy:

• Physical damage insurance: This is not required by law, but it is usually required by dealerships if you are leasing your car, and by lenders if you are financing it. It covers damage to your own vehicle. Physical damage coverage includes:
  • Collision coverage: This covers the cost to repair or replace your vehicle if it is damaged or totaled in a collision, regardless of fault.
  • Comprehensive coverage: This covers the cost to repair or replace your vehicle if it is damaged or totaled by a non-collision event such as a hailstorm or theft.
• Uninsured motorist insurance: This can pay for your property damage and treatment of injuries if you are in an accident caused by an uninsured, under-insured, or hit-and-run driver.
• Medical payments insurance: This can help pay for any necessary medical treatments you or your passengers need if you are injured in a collision, regardless of fault.
• Gap insurance: This can bridge the gap between what you currently owe for your vehicle and what your vehicle is worth. If a covered event totals your car, it can pay off your car loan or buy out your lease.
• Roadside assistance and towing insurance: This can pay for help if your vehicle is disabled, such as getting a flat tire or having a blown head gasket, and you need professional assistance.
• Glass replacement insurance: This can pay for a new windshield or windows if the safety glass in your vehicle is damaged.
• Rental reimbursement insurance: This can pay for the cost of renting a vehicle while yours is being repaired following a covered event.

Review all offered coverage options and their costs to determine which are a good value for you and your family.

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What Is the Penalty for Driving without Insurance in Madison, MS?

Driving without insurance in Mississippi is illegal.

If caught, violators can be charged with a misdemeanor and face fines of $500 and suspension of their driving privileges until they can prove they have purchased coverage. Car insurance companies often increase rates for policyholders who have been convicted of driving without coverage.

The state will lower the $500 penalty to $100 for those who obtain insurance coverage before their court date. Despite the penalties, many drivers in this state are operating uninsured vehicles.

• Percentage of US drivers who are uninsured: 12.6%
• Percentage of Mississippi drivers who are uninsured: 23.7%

Uninsured motorist insurance can prove beneficial in Mississippi because of the high number of people driving without coverage.

If you are in an accident caused by an uninsured driver, this insurance can save you from needing to go through lengthy legal channels to collect what is owed to you by providing the coverage you are due.

How High is the Madison, MS Auto Theft Rate?

The auto theft rate in Madison is significantly lower than both the national and the state rates. On average, residents of this city report five stolen vehicles a year.

• National auto theft rate per 1,000 vehicles: 3.76
• Mississippi's auto theft rate per 1,000 vehicles: 2.88
• Madison's auto theft rate per 1,000 vehicles: 0.39

The chance that someone will steal your car in Madison is very low. However, you should be aware that if it does happen, you cannot be compensated for your loss unless your auto insurance policy includes comprehensive (or "other than collision") insurance.

Comprehensive insurance covers far more than just theft. It can also reimburse you for loss and damage to your car due to many other non-collision hazards like tornadoes and floods.

If you are financing or leasing your car, chances are good you have comprehensive coverage already. If not, you may want to ask how much it would cost you to add this optional coverage to your car insurance policy.

What Are the Best Car Insurance Companies in Madison, Mississippi?

Qualities that make some insurance companies stand out above the rest include responsive customer service, reliable coverage, and competitive rates.

Independent insurance agents in Madison have established relationships with some of the best car insurance companies in Mississippi. Your agent can help you review policies and customized auto insurance quotes from these top-rated providers.

Why Work with an Independent Insurance Agent in Madison, MS?

You can turn to an independent agent for help when you are looking for a reliable auto insurance policy that meets your coverage and budgetary needs. These experienced professionals are free to work with competing insurance providers as they search for the best and most affordable policy.

Find an independent insurance agent near you to learn more. You can soon be comparing customized car insurance quotes from some of Madison's best car insurance companies.