Anyone who lives near the coast in Mississippi can tell you the need for homeowners insurance. While many people have been living there for generations, there is always a chance that over the course of a single day it could be swept or blown away. And that isn’t even considering the threats to your property that crime and fires pose. And while you might think the cost of a policy is out of your reach, we want to prove otherwise. We found the cheapest insurance providers on average and have some notes on each of them for you so you can make a choice today.
Here are the five cheapest homeowners insurance providers operating in Mississippi:
The Five Cheapest Quotes:
The following average quotes and notes on each company are intended to be general guides, not an exact prediction for every person. Please keep in mind that every policy will be different, due to the simple fact that every home is different.
The number listed next to each provider is the average annual rate for a standard policy.
1) Nationwide: $1,836
Nationwide is your cheapest option in Mississippi, and it also happens to be one of the best overall when it comes to providing you with excellent coverage and a great experience. With a good customer service team and plenty of customization options, Nationwide will be able to get you whatever you need for your home, which makes it a top choice for people with special needs, non-standard homes, or property that would go beyond the standard policy.
Normally the main drawback to Nationwide is the cost, but Mississippi has it lucky here, so you should at least see what they have to offer. Yet if you get too many optional coverages, you’ll see your rate skyrocket, so be careful and double-check everything at each step in the signup process.
You can expect the following working with Nationwide:
- Discounts available for people who get a protective device, bundling policies, making a recent home purchase, and more.
- A free optional annual review to make sure you’re getting the best coverage and policy possible.
- Optional flood, earthquake, water backup, and identity theft coverages available. You also can get enhanced valuables and home replacement coverage.
2) State Farm: $2,496
While quite a price step up from Nationwide, if you’re looking for a basic insurance plan that will see you through most issues, then State Farm will serve you well like it has done for millions of others. The company is known across the country for such plans and has such experience and stability that even a major hurricane or other natural disasters won’t slow it down much. If you want to not think much further about a policy, go with State Farm.
Yet for the price, one would generally want more from State Farm than just the basics. As a general rule, you’ll be able to get more options for less from Nationwide and Allstate (among other competitors), and you won’t find much in the way of discounts with State Farm either.
You can expect the following working with State Farm:
- An excellent online quoting system that will provide you with every bit of information you need.
- Many ways to easily get ahold of an agent, and enough agents and support staff to go around.
- Some dedication to customer satisfaction.
3) Allstate: $2,641
Allstate might not be the most attractive option in the state given its price and limitations in comparison to other providers, but its still a solid choice for people looking to bundle policies and others who have older homes. Specifically, you should also review their optional coverages to see if they have something the competitors don’t.
Yet for this price, you should get better customer service than what you would likely get from Allstate. In short, it’s poor, and you might find pushy agents and slow response times. You’ll have to decide whether the headache is worth the other benefits.
You can expect the following working with Allstate:
- Many different discount opportunities, especially if you’re open to bundling policies.
- Optional coverages available, such as water backup, garden and landscaping, identity theft restoration, business property, scheduled personal property coverage, and umbrella coverage.
- A large library of helpful tools and information on their website, waiting to help you if you have any questions.
Other Notable Mississippi Homeowners Insurance Providers
Determining an exact average annual quote isn’t always possible with the information we can gather, and so some companies must be ignored on the above list. However, we do not wish to leave great companies out, so please consider the following options as well:
4) Mississippi Farm Bureau
If you work in agriculture in Mississippi, chances are you’ve already heard of the Mississippi Farm Bureau, if not a member already. Yet the organization doesn’t just limit itself to farmers, and anyone can join and get access their main benefit, which is a series of highly competitive, if simple, insurance options.
The main downside is that you need to be a member to get the insurance, and perhaps even to get a reliable quote. This isn’t terribly expensive, but it is an extra step busy people might not wish to take.
You can expect the following working with Mississippi Farm Bureau:
- Agents and customer service representatives who understand the needs of farmers and know how to work with them.
- The full set of standard coverages at a heavily reduced cost.
- A mobile app that will allow you to handle most issues remotely.
To clarify, Progressive isn’t necessarily an insurance provider in itself but instead a service that provides you with quotes and offers from other insurance companies, although they will often pair with an underwriter to provide cheap options to customers. You get a simple path forward and it’s a great option to start with if you aren’t sure what you’re looking for. Most importantly, you’ll be able to get several cheap options, if that’s all you care about.
Yet when you work with Progressive, you might need to do some extra research. You don’t always easily know what your getting, and if you are looking for something specific, a dedicated agent or another company might be able to help you better.
You can expect the following working with Progressive:
- An absolute focus on getting you and your family the cheapest rate possible.
- A variety of helpful tools and apps for customers to better understand insurance.
- Optional coverages through the companies Progressive recommends you.
While you should get a policy as soon as possible if you don’t have one, there is nothing wrong with shopping around and seeing what deals and special coverages you can get. Just remember your budget, your main priorities, and what your home may need down the line.