The Best Homeowners Insurance in Mississippi for 2024 - NerdWallet (2024)

The average cost of homeowners insurance in Mississippi is $3,475 per year, or about $290 per month, according to a NerdWallet analysis. For comparison, the national average is $1,915 per year.

NerdWallet analyzed data from numerous insurance companies to help you find the best home insurance in Mississippi in the following categories:

The rates in our analysis are estimates based on many factors, so your rate may differ.

Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.

Best affordable homeowners insurance in Mississippi: Travelers

In Mississippi, the average annual premium for Travelers is $2,240, which is well below the state average of $3,475.

Travelers offers a robust online experience. You can use the website to get a homeowners insurance quote, file and track claims, make payments, and learn about insurance basics.

Its coverage offerings are similarly strong. For example, you may be able to add extra coverage in case the dwelling limit on your home isn’t enough to rebuild your house after a disaster. One unique option is Travelers’ green home coverage, which pays extra if you want to use eco-friendly materials when repairing or rebuilding your home after a covered claim.

Best homeowners insurance in Mississippi for coverage: Openly

Openly’s default homeowners policy goes significantly beyond those of many other insurers. Most notably, it offers guaranteed replacement cost coverage for the structure of your home. That means if your house is destroyed by a covered disaster, Openly will pay whatever it takes to rebuild it the way it was before, up to $5 million.

Plus, if your things are stolen or destroyed, Openly will pay enough for you to buy brand-new replacements, rather than paying less for older items that have lost value over time. It also covers your belongings on an “open perils” basis, paying for damage from anything except scenarios your policy excludes. Most home insurance policies cover damage only from causes specifically named in your policy.

Best homeowners insurance in Mississippi for consumer experience: Nationwide

Nationwide's website makes it easy to manage policies, file and track claims, and set up automatic billing. The company also has a highly rated app for Android and iOS that allows customers to file and track claims, review policy documents, and set up autopay.

In addition, Nationwide’s customers have several ways to get assistance, such as reaching out to their agent or calling the company’s customer service hotline. Outside of business hours, they can use the Nationwide website to get proof of insurance, pay bills and schedule callbacks. A chatbot is also available to answer basic questions.

Full list of the best homeowners insurance in Mississippi

NerdWallet analyzed home insurance companies across the state to find the best home insurance in Mississippi. Here are all of the insurers that received a NerdWallet star rating of 4.5 or higher:

How much does homeowners insurance cost in Mississippi?

The average annual cost of home insurance in Mississippi is$3,475. That’s 81% more than the national average of $1,915.

In most U.S. states, including Mississippi, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.

In Mississippi, those with poor credit pay an average of $6,775 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s 95% more than those with good credit.

Average cost of homeowners insurance in Mississippi by city

How much you pay for homeowners insurance in Mississippi depends on where you live. For instance, the average cost of home insurance in Jackson is $3,800 per year, while homeowners in Gulfport pay $5,030 per year, on average.

The cheapest home insurance in Mississippi

Here are the insurers we found with average annual rates below the Mississippi average of $3,475.

What to know about Mississippi homeowners insurance

You may face certain risks when living in Mississippi. Here are a few of the most common, along with steps you can take to insure your home properly against them.

Hurricanes

Wind damage is typically covered by a standard homeowners insurance policy. However, residents of coastal areas may have windstorm exclusions or a separate wind deductible. A wind deductible may be a flat rate, such as $1,000, or a percentage of your dwelling coverage. For example, your policy may have a $1,000 deductible for most claims and a 1% deductible for hail or wind claims. So if your house has $250,000 worth of dwelling coverage, you’d have to pay for the first $2,500 of wind damage yourself.

If your policy doesn’t cover wind damage, you may be able to purchase separate wind coverage from the Mississippi Windstorm Underwriting Association.

Flooding

Flood damage is not typically covered by standard homeowners insurance; you’ll need to buy a separate flood insurance policy.

To find out if you’re at risk, check out the Federal Emergency Management Agency’s flood maps or visit RiskFactor.com, a website from the nonprofit First Street Foundation. Even if your property is deemed low risk, it may be worthwhile to purchase flood insurance for extra peace of mind.

Remember that while you can purchase flood coverage anytime, there’s typically a 30-day waiting period before the insurance takes effect. Here’s more information about flood insurance and waiting periods.

Tornadoes

Standard homeowners insurance will cover tornado damage, but some policies may carry a separate deductible for wind damage, as described in the hurricane section.

Thunderstorms

Hail damage is often covered by standard policies but as with wind damage, you may have a separate deductible for hail claims.

Mississippi insurance department

The Mississippi Insurance Department oversees the state’s insurance industry and provides consumer protection and resources. For example, its website includes guides to shopping for homeowners insurance in Mississippi, a hurricane insurance checklist and other disaster preparedness information.

You can file a complaint against your insurance company with the Mississippi Insurance Department by mail, fax or online form. If you have questions about filing a complaint or need help, you can request assistance by email at [emailprotected] or toll-free at 800-562-2957.

Amanda Shapland contributed to this story.