Best and Cheapest Home Insurance Companies in Mississippi (2026)
State Farm typically has the cheapest home insurance quotes in Mississippi, at $1,884/yr, on average. | ||
Homowners insurance in Mississippi costs an average of $2,800/yr, which is 17% more than the national average. | ||
People living along the Gulf Coast tend to pay much more for home insurance than those further inland. Home insurance in Gautier, the most expensive city in the state, averages nearly $7,000/yr. |
State Farm typically has the cheapest home insurance quotes in Mississippi, at $1,884/yr, on average. | ||
Home insurance in Mississippi costs an average of $2,800/yr. But rates tend to be much more expensive along the Gulf Coast. |
Find Cheap Home Insurance Quotes in Mississippi
What is the best cheap home insurance in MS?
Who has the cheapest homeowners insurance in Mississippi?
State Farm and Allstate have the cheapest home insurance quotes in Mississippi.
Find Cheap Home Insurance Quotes in Mississippi
- State Farm has the cheapest home insurance overall in Alabama. It typically costs between 23% and 50% less than the statewide average, depending on how much coverage you need. But State Farm may not be an option if you live near the coast.
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Allstate also has very affordable rates in Alabama. Home insurance from Allstate is usually 17% to 31% cheaper than average.
However, people living in cities along the Gulf Coast tend to find the cheapest rates at Allstate. This includes Gulfport, Biloxi and Pascagoula.
Cheapest MS homeowners insurance by dwelling coverage
$200,000
$350,000
$500,000
$1 million
Company | Annual rate | ||
|---|---|---|---|
| State Farm | $1,374 | |
| Allstate | $1,418 | |
| Farmers | $1,639 | |
| Farm Bureau | $2,102 | |
| Nationwide | $2,485 | |
*USAA is only available to military members, veterans and their families.
Key takeaways
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Mississippi is the 14th most expensive state for home insurance in the U.S. That's in part because the state has lots of hurricanes and other severe weather events.
Between 2020 and 2024, Mississippi averaged six billion-dollar disasters per year. That accounts for more than one quarter of the billion-dollar disasters nationwide during that time period. The U.S. as a whole had an average of 23 billion-dollar disasters during that time period. This is despite Mississippi making up less than 1% of the national population.
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Home insurance rates in Mississippi went up by nearly 10% in 2025, which is almost twice the national average.
This could be because Mississippi saw several major weather events in 2024, including severe storms and tornadoes in April that caused the governor to declare a major disaster and heavy rainfall and tropical storm-force winds from Hurricane Francine in September.
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State Farm and Allstate typically have the cheapest home insurance rates in Mississippi, and both companies have also raised rates across the state less than other companies.
Both State Farm and Allstate raised rates in Mississippi by around 19% over the past five years, much less than the statewide average of 32%.
Best home insurance in Mississippi for most people: State Farm
| Editor rating | |
| Annual cost | $1,884 |
| Monthly cost | $157 |
| Customer complaints |
Pros & cons
- Cheapest rates overall
- Dependable customer service
- Great for bundling with car insurance
- Not everyone can get a quote online
- Limited coverage options
- May not offer coverage for coastal homes
Why is State Farm the best?
State Farm has some of the cheapest home insurance rates in Mississippi.
A State Farm policy with $200,000 of dwelling coverage costs $1,374 per year. That's the cheapest rate in the state and $410 per year less than the Mississippi average.
How much is State Farm insurance in Mississippi?
Dwelling coverage limit | Annual rate | % from state avg. |
|---|---|---|
| $200,000 | $1,374 | 23% cheaper |
| $350,000 | $1,884 | 33% cheaper |
| $500,000 | $2,294 | 39% cheaper |
| $1 million | $3,384 | 50% cheaper |
Mississippi homeowners are typically satisfied with the service they get from State Farm. The company earned a good score on J.D. Power's customer satisfaction survey. That means you can count on State Farm to take care of you after your home is damaged, even if its claims process may not be as quick and easy as other companies.
State Farm also has some of the cheapest car insurance rates in Mississippi. That makes it a great choice for people looking to bundle their home and motorcycle or auto policies with one company.
Potential issues
State Farm doesn't offer as many ways to customize your home insurance policy as other companies in Mississippi. For example, you can't add on coverage to protect your landscaping. So, if a big storm comes through and the wind blows over your magnolia tree, you'll have to pay for a new one on your own. If this type of coverage is important to you, consider Allstate instead.
In addition, State Farm might not offer protection to Mississippi homes near the Gulf Coast. That's because of the high chance of wind damage from coastal storms and hurricanes.
Best insurance for coastal homes in MS: Allstate
| Editor rating | |
| Annual cost | $1,924 |
| Monthly cost | $160 |
| Customer complaints |
Pros & cons
- Cheapest in many Gulf Coast cities
- Lots of coverage add-ons and discounts
- Offers flood insurance
- Poor customer service
Why is Allstate the best?
Allstate is the best choice for homeowners living along the Gulf Coast or Mississippi River.
That's partially because Allstate tends to have the cheapest rates in most coastal cities.
In addition, Allstate offers both home and flood insurance. You can get government-backed flood insurance from the National Flood Insurance Program (NFIP) or a policy from Allstate's subsidiary, Beyond Floods.
That's a great benefit if you have an expensive home, because you can get more coverage than an NFIP policy provides. That could be very important if your home would cost more than $250,000 to rebuild.
Having your home and flood insurance with one company will make your life easier if a major storm damages your home.
For example, if wind and floodwater from a hurricane damage your home, you'll be able to work with one company for both claims. If you have policies from separate companies, you would have to deal with two different claims departments and adjusters. That could make the repair process take much longer.
Homeowners can add other hard-to-find coverages to their Allstate policy, as well. For instance, Allstate offers an upgrade that protects short-term rentals and Airbnbs. That can be helpful if you rent out your beach home in Mississippi.
Potential issues
Allstate's poor customer reviews mean it may take longer and cost more to repair damage to your home. Allstate earned a below-average score on J.D. Power's customer satisfaction survey and its claims satisfaction survey. It also gets an average number of customer complaints for company of its size.
Coastal MS cities where Allstate is the cheapest
Annual Mississippi home insurance quotes
City | Avg rate | Allstate's rate | Savings |
|---|---|---|---|
| Bay St. Louis | $3,610 | $1,212 | 66% cheaper |
| Biloxi | $3,698 | $1,182 | 68% cheaper |
| D'Iberville | $3,591 | $1,189 | 67% cheaper |
| Diamondhead | $3,272 | $1,146 | 65% cheaper |
| Escatawpa | $3,442 | $1,575 | 54% cheaper |
Best customer service in MS: Nationwide
| Editor rating | |
| Annual cost | $4,001 |
| Monthly cost | $333 |
| Customer complaints |
Pros & cons
- Excellent customer service
- Helpful coverage add-ons
- Lots of discounts
- Expensive rates
Why is Nationwide the best?
Mississippi homeowners can count on Nationwide to get their lives back to normal quickly if your home is damaged.
That's because Nationwide has excellent customer service reviews. It earned a high score on J.D. Power's claims satisfaction survey, which means Nationwide customers are typically happy with their experience after something happens to their home or belongings. In addition, Nationwide only gets one-quarter as many customer complaints as expected for a company its size.
Nationwide also offers lots of ways to upgrade your coverage. For example, Mississippi homeowners could benefit from adding better roof replacement coverage, which pays to replace your roof using safer, stronger materials if it's damaged by a covered event, like hurricane winds or hail.
Potential issues
Nationwide's excellent customer service comes at a price. Home insurance from Nationwide is typically 39% to 55% more expensive than the Mississippi average. Although Nationwide offers lots of home insurance discounts, it's unlikely you'll save enough to compete with the cheapest company, State Farm.
That makes Nationwide a poor choice for price-conscious homeowners looking for the cheapest possible insurance company.
Best homeowners insurance in Mississippi
Allstate and USAA the best-rated home insurance companies in Mississippi.
USAA offers the best customer support in the state. However, it's only available to military members, veterans and their families.
Allstate offers the best combination of affordable rates, useful coverage options and helpful discounts in the state. This makes it the best choice for many Mississippi homeowners.
Top home insurance companies in Mississippi
Company |
Rating
|
Complaints
|
|---|---|---|
| Allstate | Average | |
| USAA | Low | |
| Nationwide | Low | |
| State Farm | Average | |
| Farmers | Average |
How much does MS homeowners insurance cost?
The average cost of homeowners insurance in Mississippi is $2,800 per year.
At $408 per year more than the national average, Mississippi is the 14th most expensive state in the country for home insurance.
Dwelling coverage | Average rate |
|---|---|
| $200,000 | $1,783 |
| $350,000 | $2,800 |
| $500,000 | $3,785 |
| $1,000,000 | $6,756 |
Home insurance quotes in Mississippi are similar to those in other Gulf Coast states. The average rate in Louisiana is $2,542 per year, while a policy in Alabama costs $3,254 per year.
Homeowners insurance quotes in Mississippi by city
Starkville, the college town around Mississippi State, is the cheapest city for home insurance in Mississippi.
The average cost of home insurance in Starkville is $2,320 per year, which is 17% cheaper than the statewide average.
Gautier, a city on the Gulf Coast west of Pascagoula, is the most expensive city for home insurance in Mississippi. Home insurance in Gautier costs an average of $6,959 per year. This is more than double the average cost in Mississippi. The city's location on the Gulf of Mexico means homes in Gautier have a high risk of hurricane damage.
State Farm has the cheapest home insurance in 69% of Alabama cities. Allstate has the most affordable rates in 29% of cities, many of which are located along the Gulf Coast.
Find Cheap Home Insurance Quotes in Mississippi
Mississippi homeowners insurance rates by city
City | Average rate | Cheapest company | Cheapest rate |
|---|---|---|---|
| Abbeville | $2,547 | State Farm | $1,923 |
| Aberdeen | $2,469 | State Farm | $1,852 |
| Ackerman | $2,413 | Allstate | $1,872 |
| Alcorn State University | $2,849 | State Farm | $1,967 |
| Algoma | $2,439 | State Farm | $1,846 |
Rates are for a policy with $350,000 of dwelling coverage.
What homeowners insurance do I need in MS?
Home insurance that covers wind and hail damage is a necessity for most Mississippi homeowners. Some people may also benefit from flood insurance.
Hurricanes and tropical storms regularly come through the Gulf of Mexico and impact Mississippi homes. These storms can damage homes with their high winds and floodwaters. Mississippi also sees between 30 and 100 tornadoes per year. So even homeowners living further inland need to protect their homes against wind damage.
Does Mississippi home insurance cover flood damage?
Most homeowners insurance policies don't protect your property against flood damage if a hurricane or heavy rainfall causes the flood.
Since the state is one of the lowest-lying in the country, flood damage may be a big risk for many homeowners. During the last five years, the National Flood Insurance Program has spent over $60 million on flood insurance claims in Mississippi, with the average claim costing over $29,000.
You can buy flood insurance in Mississippi through the National Flood Insurance Program (NFIP) or a private insurance company.
How much is flood insurance in Mississippi?
The average cost of flood insurance in Mississippi is $1,147 per year for a policy from the National Flood Insurance Program (NFIP). The typical NFIP policy in Mississippi has $272,232 of coverage.
Many home insurance companies sell government-backed NFIP policies. But the cost of National Flood Insurance Program flood insurance is the same, no matter where you buy it from.
Some home insurance companies, including Allstate and USAA, also offer private flood insurance. You may want to consider private flood insurance if you have an expensive home. That's because NFIP policies only offer up to $250,000 of dwelling coverage and $100,000 of personal property coverage.
Does home insurance in MS cover wind damage?
Most home insurance policies protect against wind damage.
However, if you live near the Gulf Coast or in an area with frequent tornadoes, your policy may have a separate wind deductible. That means you'll have to pay more to fix your home after wind damage. Wind deductibles are typically between 2% and 5% of your dwelling coverage limit.
Some companies may offer you a home insurance policy without wind coverage if you live in a very high-risk area. It’s especially important to check your policy to make sure it covers wind damage from hurricanes and tornadoes, as wind causes the most damage to homes across Mississippi.
Does homeowners insurance in Mississippi cover hail?
Homeowners insurance usually covers damage caused by hail.
This is true whether hail breaks a window or ruins asphalt shingles on your roof, causing a leak.
However, if the hail came from a tropical storm or hurricane, you may have to pay a separate deductible to fix the damage. Hurricane or named storm deductibles are typically a percentage of your dwelling coverage limit.
How to find the best home insurance in Mississippi
The best homeowners insurance companies have great customer service and helpful coverage at an affordable rate. To find the best company for you, start by figuring out how much coverage you need. Then, compare quotes from multiple companies and review service scores.
Decide how much coverage you need. Most standard home insurance policies come with the same basic coverage. However, some homeowners may want or need to add extra protection.
For example, Allstate offers flood insurance, which could be important if you live near the Gulf Coast or Mississippi River. It also offers coverage for short-term rentals and Airbnbs. Not all companies have these coverage add-ons available.
Shop for quotes from multiple companies. The most expensive company in Mississippi, Nationwide, costs twice as much as the least expensive company, State Farm. In addition, average quotes can differ by $4,600 per year depending on where in the state you live.
Companies also factor in your home's building materials and your insurance history. For those reasons, the cheapest company for you may be different than for your neighbors, family or friends.
Look at customer service reviews. The best insurance companies take great care of their customers after an emergency. They do this by having an easy claims process and paying your claim quickly so you can fix your house and get back to normal.
On the other hand, poor service can lead to a lot of back-and-forth with the insurance company. And you could end up paying more for repairs.
You should start by reviewing ValuePenguin editor's ratings. These ratings consider customer service scores, convenience, coverage availability and overall value.
If you want to do more research, you can also look at the J.D. Power home insurance and property claims satisfaction surveys. In addition, you can look up customer complaints using the National Association of Insurance Commissioners (NAIC) complaint index.
Mississippi home insurance trends
Home insurance prices are up over 30% in Mississippi over the last five years.
Mississippi homeowners have seen an uptick in their home insurance prices in recent years, experiencing a major increase of 11.14% in 2024 followed by a 9.95% increase in 2025.
Mississippi home insurance rate increases, 2020-2025
Year | Rate increase |
|---|---|
| 2021 | 1.69% |
| 2022 | 3.83% |
| 2023 | 3.69% |
| 2024 | 11.14% |
| 2025 | 9.95% |
Home insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
USAA, Allstate and State Farm had the lowest rate increases in Alabama over the past five years. USAA only raised rates by around 15%, while both Allstate and State Farm customers saw increases of just over 19%.
Travelers has raised rates more than any other major company in Alabama over the last five years, at over 64%. Alfa and Farmers aren't far behind, at 63% and 61%, respectively.
Frequently asked questions
What is the average cost of homeowners insurance in Mississippi?
The average cost of homeowners insurance in Mississippi is $2,800 per year, or about $233 per month. That’s 17% more expensive than the national average of $2,395 per year.
Who has the cheapest home insurance in Mississippi?
State Farm offers the cheapest home insurance in Mississippi, with an average rate of $1,884 per year for $350,000 of dwelling coverage. But people living near the Gulf Coast may find cheaper rates with Allstate.
Does Mississippi require home insurance?
The state of Mississippi doesn't require home insurance. However, if you have a mortgage on your home, your lender typically requires you to have a policy.
How much is homeowners insurance in Gulfport, MS?
The average cost of home insurance in Gulfport is $3,688 per year. That's 32% higher than the Mississippi state average. Homeowners in Gulfport can find the cheapest rates at Allstate, at $1,239 per year for a policy with $350,000 of dwelling coverage.
Methodology
To find the best cheap MS house insurance, ValuePenguin collected home insurance quotes for every ZIP code across Mississippi from the largest home insurance companies in the state. Quotes are for a 45-year-old married man with no prior insurance claims and a good credit score. Rates are for a 2,065 square foot home built 41 years ago, based on the average home age and size in Alabama.
Rates include the following coverage limits:
- Dwelling coverage: $200,000, $350,000, $500,000 or $1 million
- Personal liability: $100,000
- Medical payments: $1,000
- Deductible: $1,000
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurance company filings and should be used for comparative purposes only. Your own quotes may be different.
ValuePenguin ranked each company's customer service scores by comparing the National Association of Insurance Commissioners (NAIC) complaint index, J.D. Power's home insurance customer satisfaction rankings and our ValuePenguin editor's ratings.
Sources:
About the Author
Senior Writer
Lindsay Bishop is a Senior Writer at ValuePenguin, where she educates readers about home, auto, renters, flood and motorcycle insurance.
Lindsay began her career in the insurance and financial industry in 2010. She was a licensed auto, home, life and health insurance agent and held Series 6 and 63 financial licenses.
After a hiatus from the financial sector, Lindsay returned to the industry as a content writer for ValuePenguin in 2021. She enjoys having the opportunity to help readers make smart decisions about their insurance so they can be prepared for anything life throws their way.
When Lindsay isn't writing about insurance, you can find her spending time with family, enjoying the outdoors on Sunday long runs or riding her Peloton.
How insurance helped Lindsay
As a homeowner for 15 years located in South Carolina, Lindsay has plenty of experience navigating the coastal insurance market and managing the claims process. That includes successfully negotiating a full roof replacement claim.
Expertise
- Home insurance
- Car insurance
- Flood insurance
- Renters insurance
- Motorcycle insurance
Referenced by
- CNBC
- Yahoo Finance
- Miami Herald
Education
- BS/BA Economics, University of Nevada Las Vegas
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
