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How much is car insurance in Tupelo?
|Area||Average Monthly Car Insurance Premium|
According to the chart above, the average cost of auto insurance in Mississippi is about $7 a month more expensive than it is in Tupelo.
Drivers relocating from out of state may enjoy some cost savings in Tupelo. On average, it's about $21 less to insure your vehicle in Tupelo than it is in the rest of the United States.
Although these are the average car insurance rates in Tupelo, you could end up paying something different. Insurance companies weigh a variety of factors when determining how much to charge you for car insurance. Your bill each month is calculated off of your age, gender, vehicle make and model, driving record, and even your credit score depending on the circumstances.
Don't sweat it however, we've broken down the average rate for Tupelo residents based on several different factors so that you can get a more accurate idea of what you might pay. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP Code below and find out in just minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
The older you are, the more experienced you are on the roads. That experience can turn into some real savings when it comes to auto insurance rates. According to the table above, you can see that 18-24-year-olds pay significantly more than drivers 65 and older.
You can expect to see your monthly premium drop about once a decade or so. Once you hit retirement age, however, you may see your rates creep back up in Tupelo.
Average Car Insurance Rates by Gender
Although women typically pay less than men do for auto insurance, this is not the case in Tupelo, where female drivers pay around $5 more per month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
|1 Ticket||Not Enough Data|
|Multiple Tickets||Not Enough Data|
Your rates can change quite drastically depending on your driving record. Drivers with clean records can expect to pay a lot less than those with accidents or violations. Drivers in Tupelo with a single accident on their record will usually see rates around $70 a month.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||Not Enough Data|
|15 Years or Older||$66|
If you look at the first table above, you'll see that trucks and vans are by and large the cheapest vehicles to insure in Tupelo, with drivers paying around $38 per month for insurance.
Car owners, on the other hand, usually pay around $64 a month, while SUV drivers can expect to pay about $51 per month for insurance coverage.
In addition to vehicle type, you can also expect to see slightly different rates based on how old your vehicle is. Generally, newer vehicles are going to cost the most to insure. However, your rates may start to decrease if your car is a few years old. In Tupelo, the most expensive vehicles to insure are vehicles fifteen years and older and four-to-five years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$65|
On average, car insurance is slightly cheaper for married policyholders. This usually boils down to owners having multiple vehicles on the same policy, something many companies extend special discounts for.
Although single drivers normally pay more for auto insurance than married couples do, the rates for both groups in Tupelo are about the same.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$158|
Your living situation is another factor that affects your monthly rate. If you rent your home or apartment, expect to pay around $13 less than homeowners in Tupelo. Those who live with their parents, however, can expect to pay a lot more.
If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your average costs, depending on your insurance company.
Car Insurance Companies in Tupelo, MS
Recent trends in car insurance for Tupelo drivers
Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before shopping for coverage.
Car insurance rates in Tupelo increased from 2016-2018, before steadying out in 2019. They finished down in 2021, at $36 a month
How does Tupelo compare to neighboring areas?
Why are car insurance rates in Tupelo different from other areas?
When considering how much to charge for coverage, car insurance companies will review a number of factors. While we've discussed the ones that affect your personal policy, others are based around your home address. These include things like:
- Regional crime rates
- Road Safety (total number of local car accidents)
- Availability of off-street parking
- Amount of drivers in the community
- Local regulations
Having an awareness of these factors is critical when thinking about buying a new policy or potentially moving to a new home. With the knowledge that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.
How can I find the cheapest car insurance in Tupelo?
In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.
Fortunately, Compare.com will handle the heavy lifting for you. Put in your ZIP below, respond to a few questions, and you'll be comparing the cheapest quotes from numerous car insurance companies that offer coverage in Tupelo.
Tupelo Insurance FAQs
What factors affect car insurance quotes in Tupelo?
Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your gender and age, as well as your address, driving record, credit score, and marital status.
Why is the cost of car insurance in Tupelo different from other neighboring cities?
Things like parking situations, local laws, and crime rates, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.
Which car insurance company will offer me the cheapest rate in Tupelo?
No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, it's a good idea to use sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Tupelo?
Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good to use services like Compare.com to compare quotes from dozens of companies side-by-side.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Tupelo or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.