Mississippi Auto Insurance Rate Determining Factors, Minimum Coverage

Mississippi auto insurance rates are determined by a number of factors. Along with a driver's age, gender and driving record, an insurance company also looks at where the applicant lives. Zip codes do matter when it comes to insurance policy pricing, and in states where a significant percentage of the population doesn't have car insurance, rates tend to be higher.

State legislators determine the minimum levels of coverage required for drivers in Mississippi. Auto insurance coverage is not limited to this level, and drivers are always free to buy a higher level of protection. Most people are underinsured, as opposed to over-insured, and need to consider a liability policy with a higher limit.

In Mississippi, 26% of drivers don't have insurance, which means rates are higher in that state than in one where more drivers are complying with the law and have the required coverage. In Maine, only 4% of drivers don't have insurance, which means rates for all drivers tend to be lower than in Mississippi.

Mississippi auto insurance premium rates dropped in 2007 to an average of $1,893. In 2007, the average rate nationally charged for car insurance coverage was $2,021. These rates may seem high, but when you consider that the average driver in Detroit pays a whopping $5,072 for coverage, Mississippi auto insurance rates seem to be a lot more reasonable.

Requirements and Recommendations

In Mississippi, drivers must have a minimum of $25,000 in liability insurance coverage on their vehicle to pay for damages sustained by an injured person in the other vehicle if they are the at-fault driver. At least $50,000 in coverage must be in place for all injuries sustained in a single accident, no matter how many victims there were. Property damage insurance is also required for drivers in Mississippi. At least $25,000 in coverage to pay for damage caused to personal property pays for repairs to the other driver's vehicle or object.

Even though uninsured/underinsured coverage isn't required in Mississippi, it's a good idea to add it to your policy. If you were involved in an accident where the other driver's insurance policy limits didn't pay for your medical bills and other expenses, you would be responsible for paying them yourself. Rather than incur these kinds of out of pocket expenses, it makes better sense to pay for this coverage for yourself. That way, your insurance coverage will make up the difference.

The uninsured/underinsured coverage is even more valuable when the at-fault driver in the accident doesn't have insurance coverage. Your liability policy doesn't pay for your medical expenses and damage to your vehicle and if you don't have Mississippi auto insurance coverage, you will end up paying for these expenses yourself.


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The average policy for Mississippi auto insurance cost $1893 in 2007 - more than $100 less than the national average.

It is estimated that 26% of all drivers in the state do not have a Mississippi auto insurance policy in effect.

Check additional valuable information of your State Insurance department organization.
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