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Mississippi Homeowners Insurance Quotes

Mississippi has an above average homeowners insurance premiums then the other states, the state is usually ranked in the top 10 for highest home insurance cost in the country. And has ranked on average 5.7 in the country for the past 10 years. That's why shopping for insurance online makes finding affordable coverage easier for homeowners living in the "The Magnolia State". You can compare coverage and cost per carrier to help you narrow down the process on which policy works best for protecting your most valuable investment.

One of the reasons the premiums for Mississippi are higher is because of the lower elevation areas near Gulfport that are on the Gulf Coast which increases the risk of floods and hurricane or wind damage. As a homeowner, it's very important to know that a home insurance policy and a flood insurance policy are separate, the flood insurance policy is not part of a standard homeowners insurance policy so it's important that you speak with your home insurance agent about flood insurance coverage if you are in a flood zone area. Parts of Mississippi with higher elevations will have a reduced premium because the risk factor is lower. Other ways you may be able to save 10% to 25% on your homeowners insurance policy is to install a security alarm in your home.

Average Homeowners Insurance Premiums in Mississippi

With over 95% of all Americans are known to have homeowners insurance coverage, it's important to know what Mississippi homeowners are paying on average. Did you know that the average homeowners insurance premium in Mississippi is $1674? Mississippi is now ranked 6 in the country. The country wide average for homeowners in the United States is $1,311. This means the average home insurance premium in Mississippi is 27.69% more than the national average.

YearAverage Annual PremiumAverage Monthly PremiumState Rank (Overall)
2020$1674 (3.2%)$ 1406
2019$1622 (2.8%)$ 1356
2018$1578 (2.63%)$ 1328
2017$1537 (0.78%)$ 1287
2016$1525 (1.12%)$ 1276

When we combine the state averages over the last decade, the Mississippi overall average is estimated to be around $1,483.60. Our homeowners insurance quoting and rating process helps you compare homeowners insurance quotes, coverages and premiums. Mississippi current state rank compare to the rest of the country is #6. Consider shopping your Mississippi home insurance with us so we can help you save up to 40% or more on your policy.

Mississippi Homeowners Insurance News & Information

  • Largest Insurer in California – Travelers Announces Home Insurance Rates Going Up 15% Posted on Monday 20th May, 2024

    Travelers Insurance, which is one of the largest insurers in California, recently announced that they will be raising premiums by an average of 15% in the Golden State. This is just the latest rate increase or policy limitation by major insurance companies who blame the increases on spreading wildfire risks, inflation, and the cost of […]

  • Should I raise my deductible to $10,000 to help offset the cost of rising premiums? Posted on Wednesday 15th May, 2024

    According to industry reports, homeowners are raising their deductibles to $5,000 to $10,000 to help offset the cost of rising premiums.  While raising a deductible into the stratosphere will absolutely lower your homeowner insurance premium, it does mean that you will have to cover your deductible amount in the event you have to make a […]

  • Should I choose the minimum or maximum homeowners insurance coverage? Posted on Monday 13th May, 2024

    As homeowner insurance rates rise across the country, some homeowners are opting for policies that offer minimal coverage to keep their premiums affordable. Unfortunately, this choice will leave them at higher risk and in a position where they may have to pay more out of pocket if they have to make a claim on their […]

  • Texas is Seeing Major Increases in the Cost of Homeowners Insurance Posted on Tuesday 7th May, 2024

    Like much of the rest of the country, Texas is seeing major increases in the cost of homeowners insurance. According to an article in Austin American-Stateman, residents of Texas have seen their insurance rates go up 50.9% on average which is the largest increase in the country for that time period. Unfortunately, experts are predicting […]

  • Homeowners Below a 580 Credit Score Pay 35% More for Home Insurance Posted on Monday 15th April, 2024

    While the odds of a major disaster hitting a specific home is the same regardless of whether the owner has a great credit score or one that puts them in a subprime category, their credit score will impact their rate in many states.  In most states, insurers are allowed to consider credit scores when setting […]

Mississippi Housing & Real Estate Data

Total Housing Units1274719
Occupied Housing Units1115768
Vacant Housing Units158951
Vacant Housing Units for Rent44735
Vacant Housing Units Rented Not Occupied1920
Vacant Housing Units For Sale16886
Vacant Housing Units Sold Not Occupied4915
Vacant Housing Units For Seasonal Occasional Use28867
Vacant Housing Units All Other Vacants61628
Housing Units Homeowner Vacancy Rate Percent2.1
Housing Units Rental Vacancy Rate Percent11.6
Housing Tenure Occupied Units1115768
Housing Tenure Occupied Units Owner Occupied777073
Housing Tenure Occupied Units Owner Occupied Population2017902
Housing Tenure Occupied Units Owner Occupied Averge Household Size2.6
Housing Tenure Occupied Units Renter Occupied338695
Housing Tenure Occupied Units Renter Occupied Population857431
Housing Tenure Occupied Units Renter Occupied Average Household Size2.53

Understanding Mississippi Homeowners Insurance

When shopping for Mississippi homeowners insurance quotes you should be aware of the various types of insurance policies that are available in your area:

  • HO-3: This is the most common type of homeowers policy. This policy type protects your home against all perils, except ones that are specifically excluded. In most cases earthquake and flood damage are excluded.
  • H0-6: This policy type is specifically written for condos or co-ops. If you own a condo or live in a co-op building this type of policy is a necessity. A HO-6 policy covers both your personal belongings and the structural parts of the building that you own. There are 16 disasters listed on a typical policy that HO-6 protects against.
  • HO-4: If you are looking for Mississippi renters insurance, a HO-4 policy is a great option. Renters insurance will cover your contents as well as offer liability coverage in the event a person is injured in your apartment.

While other types of policies exist, these are the most common ones. A HO-2 is a more basic policy that offers reduced coverage levels and a HO-5 is a high-end policy that offers increased protection.

If you are shopping for a new home in Mississippi, homeowners insurance is a must do. We can help you find the perfect policy for your new home, regardless of whether you need a standard HO-3 policy, HO-6 or renters insurance, our site makes shopping for homeowners insurance quotes easy. Visit our online quoting application today and let us help you shop and compare up to 12 different Mississippi rates and coverage options.