What to Know about Car Insurance

in Mississippi

Facts about Car Insurance in Mississippi

The state of Mississippi requires all vehicle owners to have car insurance that includes, at a minimum, liability coverage. This pays for damages and injuries resulting from an accident at your fault. All other coverage is optional, but failure to carry a car insurance policy that meets Mississippi’s coverage requirements can result in a fine up to $1,000 and the suspension of your driver’s license for one year.

More Mississippi car insurance facts

  • There are more than 70,000 collisions in MS per year.
  • The average cost of a car accident in Mississippi is $5,914.
  • MS has the highest rate of collision fatalities in the country.
  • Mississippi drivers collect about $414 million in insurance claims each year.

Cost of Car Insurance in Mississippi

While Americans pay an average rate of $1,311 a year for their car insurance, in Mississippi, the average cost is $1,584. Insurance costs will vary from driver to driver because they are based on a number of factors such as your age, occupation, and driving record. Information about the vehicle, and even your credit score, can alter rates. Independent insurance agents can help you obtain and compare a selection of customized quotes so you can be sure you are getting your coverage at a good price.

Average Cost of Car Insurance Per Year in MS

what is the cost of car insurance in mississippi

Why Choose an Independent Agent?

  • Independent agents live and work in your community.
  • One agent can handle all of your insurance coverage needs.
  • Independent agents can shop around for the best price.

Find an independent agent in Mississippi

I was not happy with my previous auto insurance provider, so I decided to do some research of my own. I found Trustedchoice.com, and after researching them I decided to make a call. After answering a few quick questions, they were able to find just what I was looking for. 

five star review Michael of Hattiesburg, MS Consumer Affairs

What Does Your Car Insurance Policy Cover?

All auto policies in Mississippi must include liability coverage for property damage and bodily injury. A minimum coverage policy will not cover damage to your own vehicle, so most lenders will require you to also carry collision and comprehensive coverage while you are still paying for your car. Your auto insurance policy may include the following:

  1. Liability coverage (required): This covers damage or injuries you cause to other people. Your policy must include at least $25,000 in property damage coverage and $25,000 per person/$50,000 per accident in bodily injury coverage.
  2. Collision coverage (optional): This can cover the cost to repair or replace your vehicle if it is damaged in a collision, regardless of who was at fault. This includes damage caused by a collision with a stationary object, like a parked car.
  3. Comprehensive coverage (optional): This can cover the cost to repair or replace your vehicle if it is lost or damaged due to anything other than a collision, such as a tornado, falling tree branch, flood, fire, or property crime.
  4. Medical payments coverage (optional): Often called “Med Pay,” this can help cover the cost of medical expenses if you or your passengers are injured in a collision, regardless of fault.
  5. Uninsured/underinsured motorist coverage (optional): This provides coverage for your damage and injuries if you are in an accident that was the fault of a driver who is uninsured or does not have enough insurance to fully cover the costs.

New cars depreciate rapidly. If you currently owe more for your vehicle than it is worth, you may want to talk to your insurance agent about how gap insurance can provide an added layer of protection in the event that your vehicle is totaled. 

Top Insurance Companies That Support Independent Agents in Mississippi

There are currently 208 independent insurance agents in Mississippi who are ready to help you find the right car insurance policy. Independent agents are free to work with several different insurance providers, so they can obtain a variety of customized car insurance quotes that you can review and compare together. Let a local independent agent help you find the most affordable policy to meet your coverage and budgetary needs.

Why go Independent

Why Go Independent When Looking for Car Insurance?

  • One call, multiple quotes
  • Pay less for more coverage
  • Expertise in your community