Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...

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Reviewed by Leslie Kasperowicz
Former Farmers Insurance CSR

UPDATED: Nov 12, 2020

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mississippi flagKnown for the massive river which forms its western boundary and gives the state its name, Mississippi is a state with a storied history that includes being explored and ruled by many different countries, before finally joining the Union in 1817 as the 20th state. In this article we’ll explore Mississippi auto insurance and everything one needs to know when insuring a car in the Magnolia State.

Table of Contents

Mississippi Auto Insurance Minimum Requirements And Laws

In Mississippi, the state liability coverage minimums are:

  • Bodily Injury Liability Coverage – $25,000 per person
  • Bodily Injury Liability Coverage – $50,000 per accident
  • Property Damage Liability Coverage – $25,000 per accident

Take a look at how Mississippi’s minimum rates compare with surrounding states.

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Optional coverage options in MS include:

  • Comprehensive Coverage
  • Collision Coverage
  • Medical Payments Coverage
  • Rental Car Reimbursement Coverage
  • Roadside Assistance / Towing Coverage
  • Uninsured/Underinsured Motorist Coverage
  • Loan/Lease Gap Coverage

Lawmakers in the State of Mississippi designed the state’s auto insurance laws to be similar to those of most states around the country; this particular system is known as the “tort” system. Under the tort system, when a crash or accident occurs one of the drivers will be determined to be the party “at fault”, meaning they caused the crash. This person and their insurance will then be responsible for paying claims, injury costs and the like. To ensure that drivers have the financial means to pay these accident-related costs, the state (like all others) requires that every driver purchase automobile insurance. Mississippi law stipulates that drivers will have minimum coverage in two different areas: Bodily Injury Liability and Property Damage Liability.

Bodily Injury Liability insurance is a type of policy designed to pay out for injury and medical treatment costs for others that are injured in a crash or accident where you are the “at fault” driver. For example, Driver 1 causes an accident in which Driver 2 sustains injuries that cost $10,000 to treat. Driver 1’s Bodily Injury Liability policy will cover that $10,000 in claims for Driver 2’s medical treatment. It’s important to note that Bodily Injury Liability insurance doesn’t cover the policy holder or any of their passengers; it’s strictly to cover injuries that others sustain. State law requires that drivers have no less than $25,000 in coverage for a single party, per accident and $50,000 in coverage for all parties in a single accident.

The other type of mandatory auto insurance in Mississippi is known as Property Damage Liability. This policy pays out to cover any damage that you cause to another person’s property (including their vehicle) when you are “at fault” for causing an accident. Again, if Driver 1 causes an accident in which Driver 2 has $3,000 of body damage done to his car, Driver 1’s Property Damage Liability insurance will pay out to cover Driver 2’s repair costs. Drivers are required to have no less than $25,000 in Property Damage Liability insurance coverage.

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Mississippi Automobile Insurance Rates

On average, drivers in Mississippi pay a bit less than those across the rest of the country for their auto insurance. When looking at statewide data, as of July 2011 it costs about $1,115 per year to insure a car in Mississippi, which is a significant discount from the national median rate of $1,440.

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Drivers who live in the more densely populated areas in Mississippi will, of course, end up paying a bit more for auto insurance, thanks to the much higher risk of an accident or stolen vehicle. Those who live in Jackson, MI pay an average of $1,344 for a year’s worth of auto insurance; drivers who live in Gulfport are looking at annual insurance costs of around $1,525.

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There are a lot of factors that auto insurance companies take into consideration when determining your rates. Take a look at our overview here.

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While many of these factors are simply based on your own driving record, two things that affect even the safest of drivers are age and gender. As with most states, teenage males typically pay higher auto insurance rates than females. However, as teens approach their 20’s, females end up paying more on average.

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Mississippi Auto Insurance Rates by Company

Though the state boasts very cheap auto insurance rates overall, let’s take a look at how rates vary between some of the largest companies.

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But which companies are the largest, holding the most market share percentage in the region?

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Mississippi Driving Statistics

According to crash statistics supplied by the Mississippi Department of Public Safety, drivers in the state have started to take the risk of an accident far more seriously over the past couple of years. While 2010 saw 69,812 total crashes reported across the state, with 28,476 resulting in injuries and 569 resulting in fatalities, these numbers are down considerably when compared to just a few years before. In 2007, more than 78,000 crashes were reported, with 33,140 injuries and a total of 830 fatalities! In just three years, drivers, lawmakers and law enforcement officials throughout the state have made a significant dent in crash rates, and should the trend continue downwards it’s likely that Mississippi insurance costs will decrease as well.

The news is just as good when it comes to reports of vehicle theft in the state. In 2009, there were 5,401 instances of grand theft auto reported in Mississippi; this total is down almost 20% from 2008’s 6,353 stolen vehicles and down nearly 40% from 2006. The 2009 numbers gave Mississippi an auto crime index rate of 183.0 vehicle thefts per 100,000 citizens, which isn’t terrible but still has room to continue downward. With more and more drivers using Lojack, anti-theft and other systems to stop thieves from stealing their vehicles, and police making use of bait car technology to nab thieves, it’s likely this trend will continue.

If you want to find some of the best Mississippi auto insurance rates available from the many insurance companies offering insurance services in the state, we can help. 4AutoInsuranceQuote.com has built a handy tool up at the top of this page which can assist you with custom quotes for auto insurance.

Simply scroll to the top of this page and enter in your ZIP code to get started. It’s that easy!

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Mississippi Auto Insurance Agents

Mississippi Auto Insurance Agents

Additional Auto Insurance Resources In Mississippi