Mississippi Renters Insurance

Find the Mississippi renters insurance policy that’s right for you.

Ann Herro, Insurance Expert Written by Ann Herro
Ann Herro, Insurance Expert
Written by Ann Herro

Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.

Architectural details of modern apartment building. Find Mississippi Renters Insurance.

Whether you are a professional leasing an apartment in Jackson or a student renting a house with friends near the Ole Miss campus in Oxford, you need renters insurance to protect yourself from property damage that occurs in your rental unit. 

Unfortunately, many renters in Mississippi forgo renters insurance because they think it’s too expensive or they don’t realize how important it is until it’s too late. 

Renters insurance is typically quite affordable. The average cost of renters insurance in Mississippi is $258 per year, which is higher than the national average of $173.

An independent insurance agent can help you find the best MS renters insurance. Independent agents can help you get quotes from multiple insurance companies so that you can make the best choice for your needs and budget. 

Best Renters Insurance Companies in Mississippi

There are several insurance companies that offer highly-rated Mississippi renters insurance. The following are some of the best renters insurance companies in Mississippi. These companies provide a mix of valuable coverage offerings and competitive pricing. 

  • Travelers: Travelers offers highly rated renters insurance in Mississippi. It can meet your additional personal insurance needs with a full line of products, including auto, boat, identity theft, umbrella, and other coverages. Mississippi renters insurance from Travelers costs about $324 per year or $27 per month. 
  • Nationwide: Founded in 1925, Nationwide is one of the largest insurance and financial services companies globally. The company offers a full personal insurance portfolio including renters, car, motorcycle, homeowners, life insurance, and more. Mississippi renters insurance from Nationwide costs on average $172 per year, or around $14 per month.
  • USAA: USAA is over a century old and receives extremely high ratings from AM Best and other organizations. While insurance policies from USAA are limited to military members and their families, the carrier provides numerous insurance products, including renters insurance, for its customers. A Mississippi renters insurance policy from USAA is very affordable, with an average cost of $64 per year, or around $5 per month.
  • Safeco: Safeco offers affordable coverage in most states across the U.S., including Mississippi. The company is also highly rated by AM Best and the Better Business Bureau. Safeco’s Mississippi renters insurance costs around $243 per year, or $20 per month.

An independent insurance agent in your area can help you learn more about these and other renters insurance companies in Mississippi. A local agent can help you get competitive quotes for the coverage that fits your insurance needs.

What Does Renters Insurance Cover in Mississippi?

Renters insurance can shield you from financial harm in a few different ways. You can expect your Mississippi renters policy to provide three types of coverage:

  • Contents coverage: Covers the costs to repair or replace your belongings if they are lost or damaged by a covered event. Covered hazards include:
    • Property crimes like burglary and vandalism
    • Fire, whether it originated in your own home or a neighboring unit
    • Severe weather like hurricanes, thunderstorms, windstorms, blizzards, and hail
  • Renters liability coverage: Covers your financial obligations if you unintentionally cause someone else to experience injuries, property damage, or financial harm. It can cover you for things like:
    • Injuries caused by your pets or children
    • Accidental injuries sustained by visitors in your house that can be attributed to your negligence
    • Accusations of libel or slander
  • Loss of use coverage: Covers your various living expenses if a covered event leaves your home uninhabitable, and you must seek alternative living arrangements while your landlord makes repairs and brings your home back to code. 

When deciding how much contents coverage to purchase, be sure to consider all of your belongings, including electronics, furniture, clothing, jewelry, and kitchenware. Estimate how much it might cost to fully replace everything if you experience a total loss. 

A local independent insurance agent can help you find renters insurance in Mississippi.

Additional Renters Insurance Coverage in Misssissippi

You may want to add some optional types of coverage to your Mississippi renters insurance. Here are three types of additional renters insurance coverage that you might be able to add to your policy, depending on the insurance company that you choose:

  • Scheduled personal property coverage: Certain valuable items like jewelry, art, furs, and collectibles may have specific coverage limits included in your renters policy. These limits may not be sufficient to cover the loss of a single item or the total loss of all your valuable items. If your valuables exceed the coverage limits in your policy, you can add a scheduled personal property endorsement or rider to your policy. It will cover any noted or “scheduled” items for their full appraised value. 
  • Medical payments coverage: Pays medical expenses for guests who are injured while at your home, regardless of who is at fault. Goes into effect before liability coverage.
  • Water backup coverage: Water can back up through sewers or drains and can seep into your home and cause costly damage. Water and sewer backup coverage is not normally included, but if you keep belongings in a basement or lower level of your building, adding water backup coverage to your renters insurance policy may pay for damage to your belongings in these situations. 

What Isn’t Covered by Mississippi Renters Insurance? 

Like most other insurance policies, your renters insurance policy will exclude coverage for certain circumstances and types of claims. Some typical Mississippi renters insurance exclusions are: 

  • Floods and earthquakes: Renters insurance won’t cover damage caused by flooding or earthquakes. However, you can purchase separate flood insurance and earthquake insurance if you live in an area prone to these events. 
  • Your roommate’s possessions: Your renters insurance policy covers your own belongings, not your roommate's or anyone else’s belongings (unless it’s your spouse's or your child's) that’s in your apartment. 
  • Damage caused by pests: Renters insurance won’t cover damage caused by pests (rodents, bugs) or the cost of an exterminator. 
  • Structural damage: Renters insurance is strictly for your personal possessions. It does not cover damage to the physical structure that you live in. Your landlord’s insurance would cover that. 
  • Expensive items: Remember, your policy may contain limits for certain types of personal property, like jewelry. If you have valuable items that exceed the limits in your policy, you can purchase a scheduled personal property rider to ensure you are covered. 
  • Your car: While your renters insurance may cover personal items stolen out of your car, it won’t cover theft of the car itself. That would be covered by your Mississippi car insurance policy. 

It is important to be aware of what your policy does and does not cover so that you do not face any unfortunate surprises later. When you work with an independent insurance agent, your agent can help you review your policy and understand when your coverage doesn’t apply. 

How Much Does Renters Insurance Cost in Mississippi?

The average cost of renters insurance in Mississippi is more than the national average.

National average renters insurance premium Mississippi average renters insurance premium
$14 per month $22 per month
$173 per year $258 per year

Remember, for around $22 per month, you can protect yourself from the financial devastation that a fire or a destructive storm could cause. Of course, your home insurance cost will be more or less than the average for Mississippi, depending on your personal risk factors. With the help of an independent insurance agent in your area, you can shop around for the best local rates. 

What Factors Impact Renters Insurance Cost in Mississippi?

It’s important to know that your insurance premiums are calculated according to your coverage needs and your rental circumstances and risk factors. Here are some of the most important factors that impact renters insurance costs in Mississippi:

  • Coverage amount: The estimated value of your personal property will help you determine how much coverage you need. If you have a lot of personal property, you’ll pay more for renters insurance than someone with only a small amount of belongings to cover. 
  • Deductible: A deductible is the amount of money you’ll pay out of pocket toward the cost of a claim before your coverage kicks in. Higher deductibles help reduce the cost of renters insurance coverage. 
  • Your location: The crime rate and weather risks in your city or neighborhood impact your cost for renters insurance. If you live in an area with a high crime rate or a higher-than-average risk for severe weather or other natural disasters, you’ll likely pay a little more for your renters insurance than someone who lives in a safer area. 
  • Your claims history and credit score: Insurance companies use both of these factors to help them determine how likely you are to file an insurance claim. A history of filing renters claims or a low credit score might indicate you’re more likely to file a claim in the future. 

You’ll also likely have opportunities to lower your Mississippi renters insurance costs by qualifying for certain discounts. If, for example, you bundle your renters and auto insurance with the same insurance company, you’d likely qualify for a discount on both policies. 

A local independent insurance agent can help you comparison shop for the best Mississippi renters insurance policy. Independent agents can work with many of the best renters insurance companies in the state to offer you a variety of high-quality choices. 

Mississippi Renters Insurance Costs by City

Renters insurance costs vary by city, just like they vary from apartment to apartment and state to state. If you live in a city with a high crime rate or a history of natural disasters, you’ll likely pay more for renters insurance than someone in a very safe city. Residents of larger cities often pay more than those in rural areas. 

Here are some average renters insurance costs for top cities in Mississippi.

City Average Annual Cost
Biloxi $482
Brandon $324
Clinton $320
Columbus $305
Gautier $570
Greenville $399
Gulfport $467
Hattiesburg $323
Hernando $307
Horn Lake $306
Jackson $455
Laurel $409
Long Beach $411
Madison $305
Meridian $306
Ocean Springs $475
Olive Branch $392
Oxford $387
Pascagoula $500
Pearl $424
Ridgeland $397
Southaven $385
Starkville $386
Tupelo $380
Vicksburg $400

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Mississippi Renters Insurance FAQs

Renters insurance in Mississippi typically offers the following types of coverage:

  • Contents coverage: Covers the costs to repair or replace your belongings if they are lost or damaged by a covered event. 
  • Renters liability coverage: Covers your financial obligations if you unintentionally cause someone else to experience injuries, property damage, or financial harm. 
  • Loss of use coverage: Covers your various living expenses if a covered event leaves your home uninhabitable, and you must seek alternative living arrangements while your landlord makes repairs and brings your home back to code.

Renters insurance is not required in Mississippi, but your landlord may require you to have it as a condition of your lease. If not, it’s still a great idea to purchase renters insurance. Without it, a fire or a severe storm could financially devastate you.

The average cost of renters insurance in Mississippi is $258 per year or around $22 per month. This is higher than the national average of $173 per year.

Among the companies we recommend, USAA offers some of the cheapest renters insurance rates in Mississippi. This company offers renters policies for $64 per year, on average.

We recommend several top insurance companies in Mississippi, including TravelersNationwideUSAA, and Safeco.

Other top renters insurance companies in Mississippi include ProgressiveStillwater, and Foremost.

The most common causes of property damage and subsequent insurance claims in Mississippi are as follows:

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

No, renters insurance does not cover floods in Mississippi. However, you can purchase flood insurance designed for renters from the National Flood Insurance Program and some private carriers. It can cover your furniture, clothes, television, computers, rugs, artwork, and more. An independent insurance agent can help you get Mississippi flood insurance designed for renters.

Yes, an independent insurance agent in Mississippi can help you get renters insurance. It pays to have an experienced insurance professional in your corner.

Your agent can provide one-on-one consultation and affordable options for the best coverage for your unique needs. Your agent will work with you free of charge, offering you a variety of options so you can make the best choice. 

Contact an agent today for a free, no-obligation consultation.

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