Find the Best Homeowners Insurance Rates & Companies in Mississippi

Homeowners insurance in Mississippi costs about $1,537 per year, on average. The current US average cost for home insurance is $1,211 annually, so rates in Mississippi are quite a bit more expensive. Overall, Mississippi ranks seventh highest for the most expensive home insurance rates in the nation.

The current average home value in Mississippi is $163,052. To properly protect your investment, you'll need the right kind of policy. A homeowners insurance policy provides coverage for not only your home's structure, but also your personal property, liability, and more. 

An independent insurance agent can help you get equipped with the right home insurance policy for your needs. For starters, here's a deep dive into homeowners insurance in Mississippi.

Best Homeowners Insurance Companies in Mississippi

We've surveyed tons of carriers in the state and narrowed the results down to only the best home insurance companies in Mississippi for your convenience. Here are our top picks:

  • Progressive: Progressive offers home insurance as just one of their many insurance products. The carrier has excellent financial strength and offers 24/7/365 customer service as well as tons of discount options.
  • Travelers: Travelers offers a ton of individual coverages, including homeowners insurance. The carrier has an extensive history in the industry, as well as solid financial strength and excellent customer feedback. Travelers also provides tons of discounts and 24/7 claims reporting.
  • Stillwater: Stillwater offers home insurance and many other types of personal property coverage. The carrier has excellent ratings from both AM Best and the BBB and offers 24/7 claims reporting.
  • PURE: PURE offers home insurance and many additional types of personal coverage. The carrier also has excellent financial strength and 24/7 claims reporting.

An independent insurance agent can help you browse homeowners insurance coverage for your Mississippi home from any of these trusted carriers.

What Can Homeowners Insurance in Mississippi Cover?

Homeowners insurance in Mississippi is designed to consider all aspects of the home, including the owner. The following coverages come standard in home insurance policies:

  • Personal liability: Can reimburse costs for an attorney and other legal expenses if you get sued by a third party for bodily injury or personal property damage claims.
  • Personal property: Can reimburse costs related to theft, damage, or destruction of your personal belongings like clothing if they get stolen, etc. 
  • Dwelling: Can reimburse costs related to the damage or destruction of your home's structure by fire, vandalism, and more.
  • Loss of use: Can reimburse extra costs if you're required to live elsewhere while your home undergoes repairs after a major covered disaster like a fire.

Some disasters just can't be covered by a home insurance policy. In Mississippi, property is most prone to these common disasters in the state:

  • Severe storms
  • Hurricanes
  • Extreme heat and drought
  • Tornadoes
  • Floods
  • Wildfires
  • Earthquakes

Home insurance can cover damage from some of these natural disasters, but not all. A separate flood insurance policy is required to reimburse the costs of damage by water and flooding from natural sources like hurricanes, severe storms, etc. However, a home insurance policy can cover costs of wind damage by severe storms and tornadoes. 

What Won't Homeowners Insurance in Mississippi Cover?

Even the best home insurance policy comes with exclusions. In Mississippi, home insurance typically won't cover these perils and costs:

  • Malicious or intentional acts against others
  • Wear and tear damage
  • Routine maintenance
  • Natural flood damage
  • Earthquake damage

Flood damage in Mississippi

Since Mississippi is prone to natural flooding, be sure to speak with an independent insurance agent about adding a flood insurance policy to your coverage. But you might also want to consider adding an earthquake insurance policy, since the state is also prone to these disasters, and they're excluded by home insurance. Having to pay to rebuild or repair your home out of your own pocket after one of these disasters could be extremely costly. 

Average Cost of Homeowners Insurance in Mississippi

Average rates for home insurance in Mississippi are $1,537 per year, compared to the national average of $1,211. Coverage rates in Mississippi rank the seventh highest in the country. Higher costs of home insurance can be due to a number of factors, including property values in the area, the area's risk of natural disasters, local crime rates, and more.

Average Mississippi Home Insurance Costs by City

Not only do home insurance costs vary by state, but also down to each specific city. In Mississippi, residents in the city of Oxford currently pay the highest home insurance rates of the whole state on average, at $2,586 per year. The Mississippi city with the best and cheapest homeowners insurance rates is Booneville, where residents pay an average of $1,225 annually for home coverage.

How well do Mississippi's cities measure up to the national average?

National average burglary rate 3.76 per 1,000 people

National average home value $269,000

National average home insurance cost $1,428 year

CityAnnual insurance costAvg. home valueBurglaries / 1,000 Residents
Amory$1,393$117,7796.6
Bay St. Louis$2,173$162,4998.17
Biloxi$2,234$151,47013.4
Booneville$1,225$110,5609
Brandon$1,951$171,7472.1
Brookhaven$1,236$113,14616.4
Clarksdale$1,299$66,91834.33
Cleveland$1,323$110,23610.68
Clinton$1,837$153,3322.58
Columbus$1,390$109,91314.21
Gulfport$1,676$118,1005.7
Hattiesburg$1,473$110,5825.8
Hernando$1,987$177,3255.8
Jackson$1,303$88,50011.1
Meridian$1,293$90,90712
Natchez$1,437$107,0048.2
Oxford$2,586$245,0413.3
Pascagoula$1,579$105,1067.7
Tupelo$1,673$142,0849.87

Popular Questions about Mississippi Home Insurance

In Mississippi, the average cost of home insurance is $1,537 per year, or about $128 per month. This is considerably higher than the national average of $1,211 per year, or about $100 per month. Residents in Mississippi might pay more for their coverage due to crime rates, the state's risk of natural disasters, and other factors. 

Mississippi homeowners insurance covers the home's structure, personal property, liability, and additional living expenses. Just a few of the covered perils under home insurance are fire, theft, vandalism, falling objects, explosions, roof collapse, and snow damage.

Our research found that these disasters account for the majority of home insurance claims in Mississippi:

  • Severe storms and lightning damage
  • Burglary and other property crimes
  • Hurricanes and tropical storms
  • Tornadoes
  • Flooding and water damage

Fortunately, a home insurance policy can cover most of these disasters, except for flooding and water damage caused by natural sources like hurricanes. Be sure to consider adding flood insurance to your coverage to fully protect your home.

Many different factors go into calculating home insurance rates in Mississippi, including property values, rebuilding costs, local crime rates, the area's risk of natural disasters, your personal claims history, the coverages and amounts you select, and more.

Yes, there are many independent insurance agents in Mississippi. Mississippi independent insurance agents are there to help you find the right policy at the best price. They'll survey your options from several different carriers and present you with only the best finds, together in one convenient place. 

Some of our top-rated Mississippi home insurance companies are Progressive, Travelers, Stillwater, and PURE. We ranked these companies the highest of all home insurance companies in the state due to their coverage options, customer reviews, customer service options, official ratings, and more.

Since there's no one-size-fits-all home insurance policy, it's best to work with a trusted expert along your coverage journey. Independent insurance agents in Mississippi are familiar not only with the area, but also with the best options for home insurance. Together, they'll help you find the right policy for you at the best possible rate, by comparing quotes from several different carriers together in one place. Now that's convenient.

Do you know what your home insurance covers in Mississippi?

Average Cost of Home Insurance Near You

Average monthly cost of home insurance in Biloxi, MS: $186 

Rates for each homeowner are calculated individually according to a number of different factors regarding you and your property. Because of this, the average rates should only be used to get a general idea of what you might expect to pay. Your actual rates may be significantly higher or lower.

Given its location along the Gulf Coast, residents of Biloxi frequently endure the damaging effects of hurricanes and tropical storms. The high winds that accompany these storms can destroy roofs, topple trees, and wreak havoc in the area. Often, these storms bring flooding to the area, but too many people discover only when it’s too late that homeowners insurance does not cover flood damage.

Average monthly cost of homeowners insurance in Clinton, MS: $153 

Individual rates for each homeowner are calculated according to a variety of different factors regarding the applicant and the property being insured. Therefore, the average rate should only be used to get a basic idea of what you can expect to pay. Your actual rates can be significantly higher or lower than this amount.

Residents of Clinton are often subjected to the damaging effects of severe storms and tornadoes. These severe weather events can damage roofs, destroy property, and sometimes even level homes. Fortunately, your Clinton homeowners insurance policy can help you pick up the pieces by providing the funds you need to repair or rebuild. This insurance also protects against other hazards like liability lawsuits, accidental fires, and burglaries.

Average monthly cost of homeowners insurance in Gulfport, MS: $140 

Insurance companies calculate rates according to a variety of factors that include the size, age, and construction of your home, the instances of severe weather events in your area, the crime rate in your ZIP code, and often, even your credit score. You can therefore expect a large variance in rates throughout this city.

Located right on the Gulf Coast, this city sees its fair share of weather-related damage. Hurricanes and tropical storms can bring heavy rainfall and high winds that damage property and cause a great deal of financial damage. Make certain that your homeowners insurance protects specifically against hurricanes so that you aren’t left holding the bag in the wake of a storm. It is important to note that even if your policy provides coverage against hurricanes, it will not cover resultant flood damage. For that, you will need supplemental flood insurance through the National Flood Insurance Program (NFIP).

Average monthly cost of homeowners insurance in Hattiesburg, MS: $123 

When calculating your rate, insurance companies will take into account factors such as your home's age, size, and value, the crime rate in your ZIP code, and your credit and claims history. It should therefore come as no surprise if your quoted rates vary significantly from the average.

Hattiesburg is located close enough to the Gulf Coast to suffer the damaging effects of hurricanes and tropical storms that make landfall in this state. Often, these storms can lead to hurricanes, which can devastate area property. Fortunately, your Hattiesburg homeowners insurance is designed to protect you against hazards that can lead to large financial losses. It is important to note, however, that flood damage is not covered by home insurance. For that, you will need to purchase a separate flood insurance policy.

Average monthly cost of home insurance premium in Jackson, MS: $109

Your actual cost may be significantly higher or lower than this average. That's because it will depend on a variety of factors such as the size, age, and construction of your home, the amount of coverage you are purchasing, and often, even your credit score.

Jackson is far enough from the Gulf Coast that hurricanes and tropical storms do not strike this city with the same force as they do in cities more to the south, but the storms can still pack a punch. If your home is damaged by the high winds and rains these storms can bring, you can turn to your homeowners insurance for coverage. Keep in mind, however, that flood damage is not covered. For that, you will need a flood policy through the National Flood Insurance Program (NFIP).

Average monthly cost of home insurance in Meridian, MS: $108 

Your actual cost may be considerably higher or lower than this average, since it will depend on a variety of factors such as the size, age, and construction of your home, the amount of coverage you wish to purchase, and frequently, even your credit score.

The most expensive risk faced by homeowners in Meridian is tornado damage. This city sees its fair share of severe storms, and sometimes they spawn tornadoes. If a twister passes through your community, the damage can range from broken windows and a damaged roof to the total loss of your home. Fortunately, when you have a solid Meridian homeowners insurance policy backing you up, you do not need to worry about taking a financial hit. Your insurance can provide the funds you need to repair or rebuild your home and to replace the lost or damaged property in it.

Average monthly cost of homeowners insurance in Olive Branch, MS: $142

When they calculate your rate to provide a quote, insurance companies will take into account several factors such as your home's age, size, and value, the property crime rate in your ZIP code, and your credit and claims history. It should therefore come as no surprise if your quoted rates vary considerably from the average.

Fortunately for residents of Olive Branch, the city is located far enough north that does not bear the brunt of the hurricanes and tropical storms that make landfall along the Gulf Coast. However, severe storms and tornadoes still pose a significant threat to area homes. Fortunately, your Olive Branch homeowners insurance can provide coverage against these damaging weather events, as well as protect you from other hazards such as liability lawsuits, property crimes, and residential fires.

Average monthly cost of homeowners insurance in Pearl, MS: $118 

Your actual cost for home insurance will depend on a number of factors, including your house's size, age, and value, the building materials used in its construction, and your credit and claims history. Your quoted costs can therefore vary significantly from this average amount. 

You have a lot invested in your home. Pearl homeowners insurance is designed to help you protect that investment by covering potential financial losses related to risks such as damage from severe weather, accidental fires, burglaries, and liability lawsuits. Severe storms and tornadoes pose the largest risk to area homes. These weather events are covered, but the floods that can accompany them are not. Be sure to supplement your coverage with a flood insurance policy in order to be fully covered.

Average monthly cost of home insurance in Southaven, MS: $127 

Your actual home insurance rate will depend on a number of factors like your house's size, age, and value, the building materials used in its construction, and even its proximity to a fire station. Depending on these and other factors, as well as how much coverage you are seeking, your quoted costs can vary significantly from this average.

Southaven homeowners insurance is designed to cover you against several different risks that might otherwise cause you serious financial harm. These include property crimes, residential fires, liability lawsuits, and severe weather. Residents of Southaven are no strangers to the damaging effects of severe storms, high winds, and tornadoes. Having a solid insurance policy in place can provide you with peace of mind when storms roll in.

Average monthly cost of homeowners insurance in Tupelo, MS: $139 

Insurance companies determine each applicant’s rates according to a variety of factors, including the size, age, and construction of the home, the rates of property crime, severe weather events in the area, and many times, even the applicant’s claims history and credit score. Each company has its own proprietary method for calculating rates, so it pays to compare multiple quotes.

Tupelo homeowners insurance can cover you against a variety of hazards that you face as a property owner in this city. These include liability lawsuits, property crimes, accidental fires, and damaging weather events. In Tupelo, where severe storms and tornadoes pose a significant threat, it can be reassuring to know that if your house is damaged by Mother Nature, you have a solid insurance policy backing you up.

https://www.zillow.com/home-values/34/ms/

https://crisisequipped.com/what-natural-disasters-occur-in-mississippi/