Car Insurance in Mississippi: Everything You Need to Know

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Are you a Mississippi resident looking for car insurance? Or perhaps you’re planning to move to the Magnolia State and want to know more about its car insurance laws and requirements? Either way, you’ve come to the right place. In this article, we’ll cover everything you need to know about car insurance in Mississippi, from minimum coverage requirements to the cheapest insurers in the state.

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Mississippi Car Insurance Laws and Requirements

Before we dive into the specifics of car insurance in Mississippi, let’s first take a look at the state’s car insurance laws and requirements.

Minimum Liability Coverage

In Mississippi, all drivers are required to carry liability insurance. The minimum liability coverage requirements are:

Coverage Type
Minimum Coverage Amount
Bodily Injury Liability – per person
$25,000
Bodily Injury Liability – per accident
$50,000
Property Damage Liability
$25,000

It’s important to note that these are only the minimum requirements. Most experts recommend getting higher coverage limits to ensure that you’re fully protected in case of an accident.

Uninsured Motorist Coverage

Mississippi also requires drivers to carry uninsured motorist coverage, with minimum limits of $25,000 per person and $50,000 per accident. This coverage kicks in if you’re involved in an accident with a driver who doesn’t have insurance, or if you’re the victim of a hit-and-run.

The Cost of Car Insurance in Mississippi

So, how much can you expect to pay for car insurance in Mississippi? Well, that depends on a variety of factors, including your age, driving history, and the type of car you drive. However, according to data from the National Association of Insurance Commissioners, the average annual cost of car insurance in Mississippi is $1,358.

Factors Affecting Car Insurance Rates in Mississippi

Here are some of the key factors that can affect your car insurance rates in Mississippi:

  • Your driving record
  • Your age and gender
  • Your credit score
  • The make and model of your car
  • Your location
  • The level of coverage you choose

The Cheapest Car Insurance Companies in Mississippi

Now that you have a better idea of what affects car insurance rates in Mississippi, let’s take a look at the cheapest insurers in the state.

State Farm

State Farm is the largest car insurance provider in Mississippi, with a market share of around 23%. According to data from ValuePenguin, State Farm offers some of the lowest rates in the state, with an average annual premium of $1,130.

Progressive

Progressive is another popular choice for car insurance in Mississippi, with a market share of around 12%. According to ValuePenguin, Progressive’s average annual premium in Mississippi is $1,233.

Geico

Geico is known for offering affordable car insurance rates across the country, and Mississippi is no exception. According to ValuePenguin, Geico’s average annual premium in Mississippi is $1,241.

Frequently Asked Questions About Car Insurance in Mississippi

What happens if I don’t have car insurance in Mississippi?

If you’re caught driving without insurance in Mississippi, you could face fines of up to $1,000 and your driver’s license and registration could be suspended. You may also be required to file an SR-22 form, which certifies that you have insurance, before your license and registration can be reinstated.

Can I get car insurance with a suspended license in Mississippi?

In most cases, you won’t be able to get car insurance with a suspended license in Mississippi. However, if you’re required to file an SR-22 form, you may be able to get insurance through a high-risk insurer. Keep in mind that your rates will likely be much higher than if you had a clean driving record.

What if I can’t afford car insurance in Mississippi?

If you’re struggling to afford car insurance in Mississippi, you may be eligible for the Mississippi Automobile Insurance Plan (MAIP). The MAIP is a state-run program that helps high-risk drivers get insurance. Keep in mind that the premiums through the MAIP are typically much higher than what you would pay with a traditional insurer.

How can I lower my car insurance rates in Mississippi?

There are several ways to lower your car insurance rates in Mississippi, including:

  • Choosing a higher deductible
  • Bundling your home and auto insurance
  • Improving your credit score
  • Taking a defensive driving course
  • Driving a car with safety features

Does Mississippi require full coverage car insurance?

No, Mississippi only requires liability insurance and uninsured motorist coverage. However, if you have a loan or lease on your car, your lender or leasing company may require you to carry full coverage insurance.

Conclusion

Car insurance is a must-have for drivers in Mississippi. By understanding the state’s minimum requirements, shopping around for the best rates, and taking steps to lower your premiums, you can find the right coverage to protect yourself and your car. If you have any further questions about car insurance in Mississippi, don’t hesitate to reach out to a licensed insurance agent or the Mississippi Department of Insurance.

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