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Taylor Milam-Samuel is an experienced insurance writer for Compare.com. A credentialed educator, Taylor is passionate about personal finance and understanding how people manage their money. You can find her work across several trusted insurance and personal finance sites, including U.S. News & World Report, Business Insider, Credit Karma, Insurify, and more.
Taylor has been writing for Compare.com since 2025.
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Nick Versaw leads Compare.com's editorial department, where he and his team specialize in crafting helpful, easy-to-understand content about car insurance and other related topics. With nearly a decade of experience writing and editing insurance and personal finance articles, his work has helped readers discover substantial savings on necessary expenses, including insurance, transportation, health care, and more. As an award-winning writer, Nick has seen his work published in countless renowned publications, such as the Washington Post, Los Angeles Times, and U.S. News & World Report. He graduated with Latin honors from Virginia Commonwealth University, where he earned his Bachelor's Degree in Digital Journalism.
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Licensed property and casualty insurance agent
NPN: 21630969
MacK Korris is a licensed insurance agent who reviews and fact-checks articles for Compare.com. MacK has several years of experience reviewing and editing a variety of insurance topics, and he also holds valid insurance producer licenses in property and casualty lines from the Missouri Department of Commerce and Insurance (NPN #21630969).
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In Mississippi, home insurance costs an average of $250 per month for a policy with $300,000 in dwelling coverage. Prices are high mostly due to the risk of hurricanes, floods, and other severe weather in the state.
Your exact home insurance cost will depend on your city, home type, and the insurance company you choose. The good news is you can still find a good deal if you shop around. For example, USAA offers average monthly rates of $122, which is much lower than the state average.
Here’s a look at the top homeowners insurance companies in Mississippi and how to find the right coverage amount for your home.
Home insurance in Mississippi is slightly more expensive than the nationwide average of $215 per month for a $300,000 dwelling coverage policy.
Mississippi experienced six billion-dollar weather disasters in 2024.[1]
Standard policies don’t include flood insurance, but, since flood risk is high in Mississippi, it’s a good idea to add this coverage.
Everyone has different insurance needs, so no single company is best for everyone. Before you start shopping, think about what you need and what makes your home unique.
We’ve identified some of the best home insurance companies in Mississippi by looking at average rates, discounts, customer reviews, and coverage options.
Company  | Compare.com Rating | Average Monthly Premium |
|---|---|---|
| Chubb | 3.4 | $300 |
| USAA | 5.0 | $146 |
| Amica | 3.9 | $121 |
| Nationwide | 4.9 | $228 |
| Allstate | 5.0 | $191 |
Chubb| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 3.9/5 |
|---|---|
| AM Best AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $300/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $464/mo |
Chubb is our top choice for private flood insurance in Mississippi because it’s one of the few companies that underwrites its own policies. Its $15 million coverage limit is also much higher than the National Flood Insurance Program (NFIP)’s $250,000 limit.
You can also take advantage of perks like free risk assessments, HomeScan’s infrared technology to detect hidden issues, and up to $5,000 toward preventive measures to protect against floods.
Flood coverage with high limits
Free perks and advice
Generous replacement cost coverage
Must work with agent for quote
Not available for every home
More expensive than other insurers
USAA| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4/5 |
|---|---|
| AM Best AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $122/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $177/mo |
USAA includes replacement cost coverage in every policy, so it pays the current price to replace your items. For example, if you need a new television, USAA covers the cost of a new one, not just what your old one was worth. You can also add USAA Home Protector, which increases your coverage limits by an extra 25%.
USAA partners with Liberty Mutual to offer flood insurance. This gives you the option for private coverage instead of using the NFIP. The main downside is that USAA membership is limited to people with a direct military connection.
Standard policy includes replacement cost coverage
Optional USAA Home Protector add-on
Partners with Liberty Mutual for flood insurance
Strict membership requirements
No physical branches
Can’t view quotes without an account
Amica Insurance| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.1/5 |
|---|---|
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $121/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $179/mo |
Amica has a strong dividend policy, offering an annual cash-back payment of up to 20%. It can help you save on your insurance, and the payment comes as a lump sum. Amica also receives the highest customer satisfaction rating in the most recent J.D. Power U.S. Home Insurance Study.
But if you need flood coverage, you’ll have to get a separate policy from the NFIP, and the rates may not be the lowest.
Annual dividend payments
High customer satisfaction rating
Many available coverages add-ons
No private flood insurance
Average pricing
Must speak with agent for quote
Nationwide| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.2/5 |
|---|---|
| AM Best AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A+ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $264/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $398/mo |
Nationwide gives a special discount if you renovate your home or buy one that’s recently updated. The discount applies to upgrades for plumbing, roofs, heating, or electrical systems. It offers an extra discount if you bought your home within the past year.
Nationwide doesn’t offer flood insurance, so you need to use the NFIP for that coverage. But Nationwide’s yearly coverage assessments can help you figure out if you need it.
Home renovation credit
Multiple available discounts
Free annual coverage assessment
Below-average customer satisfaction
Can’t finalize a policy online
No private flood insurance
Allstate| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.1/5 |
|---|---|
| AM Best AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A- |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $248/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $383/mo |
Allstate is a good choice for first-time homebuyers — especially if you’re concerned about natural disasters in Mississippi. The company offers flood insurance through National General, which is part of Allstate, or your agent can help you get NFIP coverage. Allstate’s Disaster Help Center provides information about storm preparation and a dedicated phone number for weather-related claims.
Allstate’s customer satisfaction is lower than average, according to the most recent J.D. Power U.S. Home Insurance Study. The company also earns low ratings on sites like Trustpilot, but that’s pretty common for large insurers.
Flood insurance from National General
Specialized disaster help center
Many available discounts
Mediocre customer satisfaction
Low Trustpilot rating
Limited coverage options
The same home insurance coverage in Mississippi might cost much more or less, depending on the insurer. Knowing average rates can help you see if your coverage is affordable.
Our research shows that these insurers offer some of the cheapest home insurance rates in Mississippi. The quotes below are for a home with a $300,000 dwelling coverage policy.
Company | Average Yearly Premium |
|---|---|
| USAA | $1,464 |
| Foremost | $2,952 |
| Allstate | $2,976 |
| Nationwide | $3,168 |
| Travelers | $3,384 |
| State Farm | $4,428 |
See quotes from 120+ insurers.
The value of your home affects your insurance costs. If your home is more expensive, it costs more to repair or replace, so you’ll need a policy with higher dwelling coverage limits.
Keep in mind that your home’s value is different from the value of the land it sits on. Your home’s value is what it would cost to rebuild, and your insurance agent can help you find the right coverage amount for your needs.[2]
Below are the average costs in Mississippi for different dwelling coverage amounts, based on data from Compare.com.
Company | Average Yearly Premium |
|---|---|
| USAA | $1,140 |
| Foremost | $1,860 |
| Allstate | $2,232 |
| Nationwide | $2,304 |
| Travelers | $2,472 |
| State Farm | $3,312 |
Company | Average Yearly Premium |
|---|---|
| USAA | $1,464 |
| Foremost | $2,952 |
| Allstate | $2,976 |
| Nationwide | $3,168 |
| Travelers | $3,384 |
| State Farm | $4,428 |
Company | Average Yearly Premium |
|---|---|
| USAA | $1,764 |
| Allstate | $3,732 |
| Nationwide | $4,032 |
| Foremost | $4,056 |
| Travelers | $4,284 |
| State Farm | $5,532 |
Company | Average Yearly Premium |
|---|---|
| USAA | $2,124 |
| Allstate | $4,596 |
| Nationwide | $4,776 |
| Travelers | $5,196 |
| Foremost | $5,316 |
| State Farm | $6,000 |
Company | Average Yearly Premium |
|---|---|
| USAA | $2,916 |
| Nationwide | $6,540 |
| Allstate | $6,720 |
| Travelers | $7,596 |
| State Farm | $7,848 |
| Foremost | $7,980 |
Home insurance rates depend a lot on where you live in Mississippi. The table below shows the average costs for some of the largest cities in the state, according to Compare.com data.
City | Average Yearly Premium |
|---|---|
| Gulfport | $7,356 |
| Jackson | $2,628 |
Insurance rates in Mississippi have gone up because of inflation and higher prices, but those aren’t the only reasons. Frequent severe weather also plays a big part. Mississippi often faces floods, winter storms, and hurricanes, which all add to insurance costs.
Let’s take a closer look at some of the main risks in Mississippi and whether a standard home insurance policy covers them.
Mississippi often gets hit by hurricanes, including major ones like Hurricane Katrina in 2005 and Hurricane Harvey in 2017. Most home insurance policies cover wind damage from storms. Still, it’s smart to make sure your policy limit is high enough to cover rebuilding if a storm hits.[3]
Many homes in Mississippi are in floodplains, so lenders usually require flood insurance. Even if it’s not required, it’s a good idea for most homeowners. Standard home insurance doesn’t cover flood damage, so you’ll need to buy separate flood insurance, either privately or through the NFIP.[4]
Mississippi also gets strong winter storms, tornadoes, and other severe weather. Most home insurance policies cover these natural disasters, but it’s a good idea to check your policy for any exclusions.[5]
The Mississippi Insurance Department works with insurers and regulators to keep the insurance market fair for everyone.
The department’s main goal is to protect consumers. If you need help with coverage, fraud, or other issues, you can call the Consumer Help Line at 1 (800) 562-2957 or 1 (601) 359-2453.
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Here’s a look at what a standard homeowners insurance policy covers in Mississippi:[6]
Structure of your home: Dwelling insurance covers damage to the physical structure of your house, inside and outside.
Other structures: Home insurance also covers damage to structures that aren’t attached to your home, like a shed, garage, or pool.
Personal belongings: This includes personal property in your home, like furniture, electronics, clothes, and jewelry.
Liability protection: Liability insurance protects you if someone is injured on your property or by your pet.
Additional living expenses: If you need to live somewhere else while your home is being repaired after a covered loss, this pays for your housing costs.
Most natural disasters: Most policies cover 16 types of disasters, such as fire, lightning, windstorms, hail, theft, and riots.
A standard home insurance policy is pretty comprehensive, but it still has limits. You won’t have coverage if damage is caused by the following:
Earthquakes: Mississippi doesn’t have much earthquake activity, so you probably don’t need extra earthquake coverage.
Floods: Mississippi often has flooding — especially in floodplains — so it’s usually a good idea to get extra coverage. Most mortgage lenders will require a flood policy if you live in a flood zone.
Termites and bugs: You need to pay out of pocket if you have damage from termites, as insurance companies consider this regular home maintenance.
Backed-up sewer lines and sump pumps: You can often add extra coverage for water backup if you want more protection.
See quotes from top insurers in minutes.
For most homeowners in Mississippi, flood insurance is worth the extra cost. The Mississippi Insurance Department says your lender may require it if your home is in a floodplain. Even if it’s not required, flooding happens almost every year in Mississippi, so having coverage is a smart choice.
You can get government-backed coverage through the NFIP, or you can buy private insurance if you need a flood policy with higher limits.
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It helps to know how insurance pricing works so you can be prepared when shopping for coverage. Here are some of the main factors that affect what you pay:
The home itself: The age and materials of your home affect repair costs. Newer homes often use modern materials, which can make insurance less expensive.
Where you’re located: If you’re near a floodplain, an area with high fire risk, or the ocean, it costs more to insure your home because the location is riskier. Homes near emergency services, on the other hand, often qualify for lower rates.
How you set up your policy: Your mortgage lender likely has minimum coverage requirements, but you can choose to add more coverage. The deductible you pick also affects your cost.
Your background: Insurers look at things like your credit and claims history when setting your rate. In Mississippi, homeowners with good credit often pay less.
We’ve put together answers to some of the most common questions about home insurance in Mississippi.
Home insurance in Mississippi costs $250 per month, or $3,000 per year, for a policy with $300,000 in dwelling coverage, according to Compare.com data. But your cost can vary. Insurance companies look at your home’s location and value when setting rates, but they also consider your credit, claims history, and how much coverage you want.
USAA, Amica, and Allstate are a few of our top choices for home insurance in Mississippi. Think about what matters most to you and compare insurance quotes to find the right company.
USAA offers the lowest average monthly rate for homeowners insurance in Mississippi, at $122. But this might not be the cheapest insurer for you, so it’s important to compare quotes from multiple companies to ensure you’re getting the best rate.
The 80/20 rule means you should have dwelling coverage of at least 80% of your home’s value. If you have less, your insurance company might deny your claim or not cover the full cost of rebuilding your home.
In Mississippi, the average home insurance cost for a $200,000 house is $180 per month. Your rate could be higher or lower depending on where you live and your home’s details.
It depends. Most standard home insurance covers water damage that starts inside your home. But it won’t cover damage from floods, sewer backups, or overflowing sump pumps or drains unless you buy extra coverage.
Hurricanes have made home insurance more expensive in Mississippi. Big storms have caused a lot of damage, so insurance companies charge higher rates to cover the added risk.
Compare.com data scientists analyzed rates from more than 180 home insurance companies sourced directly from Compare.com’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Additional data points beyond these default values are sourced from Compare.com’s proprietary database. Rates are updated monthly.
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Taylor Milam-Samuel is an experienced insurance writer for Compare.com. A credentialed educator, Taylor is passionate about personal finance and understanding how people manage their money. You can find her work across several trusted insurance and personal finance sites, including U.S. News & World Report, Business Insider, Credit Karma, Insurify, and more.
Taylor has been writing for Compare.com since 2025.
Nick Versaw leads Compare.com's editorial department, where he and his team specialize in crafting helpful, easy-to-understand content about car insurance and other related topics. With nearly a decade of experience writing and editing insurance and personal finance articles, his work has helped readers discover substantial savings on necessary expenses, including insurance, transportation, health care, and more. As an award-winning writer, Nick has seen his work published in countless renowned publications, such as the Washington Post, Los Angeles Times, and U.S. News & World Report. He graduated with Latin honors from Virginia Commonwealth University, where he earned his Bachelor's Degree in Digital Journalism.
Licensed property and casualty insurance agent
NPN: 21630969
MacK Korris is a licensed insurance agent who reviews and fact-checks articles for Compare.com. MacK has several years of experience reviewing and editing a variety of insurance topics, and he also holds valid insurance producer licenses in property and casualty lines from the Missouri Department of Commerce and Insurance (NPN #21630969).