What to Know about Homeowners Insurance

in Mississippi

Facts about Homeowners Insurance In Mississippi

Homeowners insurance is not required by law. However, this coverage is required by mortgage and home equity lenders. Mississippi's high risks of tornadoes, hurricanes, wildfires and even property crimes give lenders and homeowners every reason to protect their investment with this insurance. When coupled with flood insurance, you will be covered for any water damage caused during these events.

More Mississippi home insurance facts

  • In 2005, Hurricane Katrina caused more than $4 billion in damage in MS.
  • 57% of MS residents have an elevated risk of wildfires.
  • Mississippi has the third-highest burglary rate in the US.
  • Mississippi has an average of 45.1 tornadoes a year.

Average Cost of Home Insurance in Mississippi

On average, Americans pay $1,173 a year for their homeowners insurance. In Mississippi, rates are significantly higher with an average cost of $1,508, making this the 6th most expensive state for home insurance coverage. Your costs may be influenced by the home's size, age, value, and building materials, the crime rate and weather risks in your ZIP code, and even your credit score. Shopping around for the best rate has the potential to save you hundreds of dollars a year, and independent insurance agents make comparison shopping easy.

Average Cost of Home Insurance in MS

average cost of home insurance in mississippi

Why Choose an Independent Insurance 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 used TrustedChoice to find my home insurance. Melissa was my agent and she was delightful and very helpful. They were very convenient and did everything in a timely manner; it was a good experience and I'd recommend TrustedChoice to others.

five star review Sandy of Vicksburg, MS Consumer Affairs

What’s in My Home Insurance Policy?

Home insurance is designed to cover the costs associated with hazards you may encounter as a property owner in Mississippi. A comprehensive policy can let you rest assured that the investment you have made in your home is well-protected. A local independent insurance agent can help you review your policy options, determine how much coverage you need, and ensure that you are covered against all the risks you face.

  1. Coverage for weather damage: Severe weather events like tornadoes and hurricanes can significantly damage your home. Your policy can cover the cost to repair, rebuild, or replace your property if it is damaged by a covered weather event.
  2. Coverage for accidental damage: Accidents happen. If an unintentional fire damages your house, or if you accidentally drive a nail through a water pipe while doing a DIY home improvement project, your policy may cover the resultant damage.
  3. Coverage for property crimes: Mississippi has one of the highest burglary rates in the country. If your house is broken into, your policy can cover the cost to replace stolen or damaged items. Having a burglar alarm may earn you policy discounts.
  4. Coverage for liability lawsuits: Your policy includes personal liability coverage to cover the costs associated with many common liability lawsuits, such as if a guest is severely injured on your property or your dog gets loose and bites a passerby.
  5. Coverage for temporary living expenses: If your home is rendered uninhabitable due to a covered event like a tornado or a fire, your home insurance can cover the cost of a hotel and associated expenses while repairs are made.

Flood damage is not covered by home insurance, even if the flooding is the direct result of a covered hurricane. If you live in a flood zone or are at risk for flash floods, your insurance agent can help you supplement your homeowners coverage with a flood insurance policy through the National Flood Insurance Program (NFIP).

Top Insurance Companies That Support Independent Agents in Mississippi

Currently, there are 208 independent insurance agents in Mississippi who are available to help you find a suitable homeowners insurance policy. Independent agents are free to work with several different insurance providers, so they can obtain a variety of customized home insurance quotes that you can review and compare together. Let a local independent agent help you find a reliable policy that meets your coverage and budgetary needs.

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Why Go Independent When Looking for Homeowners Insurance?

  • Agents research for you
  • Insurance you can understand
  • Multiple quotes

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