The Best Cheap Renters Insurance in Mississippi (2024)
State Farm has the cheapest Mississippi renters insurance, at $25 per month, on average.
Compare Cheap Renters Insurance in Mississippi
Best Cheap MS Renters Insurance
Finding the best renters insurance means choosing a company that combines affordable rates with useful coverage and dependable service. To help you find the best renters insurance in Mississippi, ValuePenguin collected rates across 25 of the largest cities in Mississippi from some of the most popular insurance companies in the state.
Mississippi renters insurance quotes
State Farm offers the cheapest renters insurance in Mississippi.
A policy from State Farm costs $25 per month, or $296 per year. That's $12 per month cheaper than the statewide average.
Compare Cheap Renters Insurance in Mississippi
The average cost of renters insurance in Mississippi is $36 per month, or $436 per year.
This makes Mississippi the fourth-most expensive state for renters insurance in the country. A policy here costs $13 per month more than the national average of $23.
Cheapest renters insurance companies in Mississippi
Company | Monthly cost | ||
|---|---|---|---|
| State Farm | $25 | |
| Amica | $30 | |
| Allstate | $35 | |
| Progressive | $42 | |
| Assurant | $45 | |
Best MS renters insurance for most people: State Farm
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Editor's rating
- Cost: $25/mo
State Farm offers the most affordable renters insurance in Mississippi.
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Cheapest quotes in MS
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Great for bundling
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Lots of coverage options
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Average customer service
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Some renters may need to call an agent to get a quote or buy a policy
State Farm has the best renters insurance in Mississippi for most people. Typically, State Farm charges $25 per month for renters insurance or $296 per year. That's $12 per month cheaper than the state average.
State Farm is also the best choice if you're looking to bundle your renters and car insurance policies with one company.
State Farm offers some of the cheapest car insurance quotes in Mississippi, along with a bundling discount of around 5%.
State Farm's policy features also give it an edge over its competitors. On top of the protections you get with a standard renters insurance policy, you can get extra coverage for jewelry, guard against damage from backed-up drains and upgrade to replacement cost coverage.
However, State Farm's customer service ratings are average. It earned a good score on J.D. Power's customer satisfaction survey and gets an average number of complaints for a company its size. This means you can probably count on State Farm to take care of you after a disaster. But its claims process may not be as smooth as other companies, like Amica.
In addition, renters living along the Gulf Coast may have a hard time getting insurance from State Farm. Some people living in high-risk areas may need to call an agent to get a quote or buy a policy. Others may not be able to buy State Farm renters insurance at all. In this case, you should consider Amica, which typically offers coverage along the coast.
Best customer service in Mississippi: Amica
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Editor's rating
- Cost: $30/mo
Amica offers a top-rated claims process at affordable rates.
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Excellent customer service
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Lots of discounts
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Offers renters and flood insurance along the coast
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Few coverage add-ons
If you're looking for excellent customer service, Amica is the best option for you.
Amica earned the highest score on J.D. Power's property claims satisfaction survey. And it only gets one-third as many complaints as an average insurance company of its size. This suggests that you can expect Amica to take great care of you in an emergency situation.
The average cost of coverage from Amica is about $30 per month. That's $6 per month cheaper than the usual cost of renters insurance in Mississippi.
Amica also offers a number of discounts to help lower your insurance bill.
- Automatic payment discount
- Buy online discount
- Claim-free discount
- Loyalty discount
- Multipolicy discount
Amica typically offers renters insurance to people living along the Gulf Coast. These renters may struggle to get insurance elsewhere due to the high risk of damage from hurricanes and tropical storms.
In addition, renters living near the coast or the Mississippi River can get flood insurance from Amica. This is the only way to protect your belongings from weather-related flood damage.
One downside to Amica is that there aren't many ways to customize your policy. While Amica's basic coverage is enough for most renters, the company doesn't offer water backup coverage or other common coverage add-ons.
Best for renters insurance for Mississippi military families: USAA
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Editor's rating
USAA renters insurance comes with extra coverage and great service.
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Highly rated customer service
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Basic policy includes flood coverage and protection for military gear
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Limited availability
The best renters insurance for renters with military ties comes from USAA. But only current and retired military members and their families can get USAA renters insurance.
The coverage included in a standard policy from USAA is unmatched. The company includes earthquake insurance and replacement cost coverage for your stuff. Most importantly for Mississippians, USAA includes flood coverage in its basic renters insurance policy. These coverage options typically cost extra from other insurance companies.
USAA has a reputation for excellent customer service.
It earned the top score on J.D. Power's annual renters insurance survey. In addition, USAA only gets about one-third of the complaints expected for its size. That means you can expect a quick and easy claims process from USAA.
Mississippi renters insurance quotes by city
Laurel, a small city in eastern Mississippi, has the cheapest renters insurance compared to other large cities in Mississippi.
The average cost of renters insurance in Laurel is $23 per month.
Gulfport has the most expensive renters insurance in the state, at $52 per month. Biloxi, Ocean Springs, Gautier and Pascagoula all have rates of more than $40 per month.
Average cost of Mississippi renters insurance by city
City | Monthly rate | % from average |
|---|---|---|
| Biloxi | $51 | 40% |
| Brandon | $24 | -34% |
| Clinton | $27 | -26% |
| Columbus | $28 | -24% |
| Gautier | $48 | 32% |
Renters living near the Gulf Coast pay much more for coverage. That's because coastal cities are more likely to experience severe weather, like tropical storms and hurricanes. Although renters insurance doesn't include flood coverage, damage due to wind and hail is also more common in these areas.
In addition, renters in Mississippi's many coastal cities could have trouble getting quotes online. In Biloxi, Gulfport and Pascagoula, you may need to call an agent instead of filling out an online quote form.
How to find the best renters insurance in Mississippi
The best renters insurance companies offer great customer service and useful coverage at an affordable rate.
To find the best renters insurance for you, start by figuring out how much coverage you need. Then, shop around for quotes and consider customer service reviews.
Figure out what types of coverage you need. Most basic renters insurance policies come with the same standard coverage. This includes protection for your stuff and personal liability insurance.
However, some renters may need more coverage than a basic policy can offer.
For example, you may need flood insurance to protect your belongings if you live along the Gulf Coast or Mississippi River. This typically means you have to buy a separate policy.
But, if storm surge and hurricane-force winds damage your rental home, having both policies with the same company means you'll have one point of contact for both claims.
Compare quotes from multiple companies. In Mississippi, there's a difference of $20 per month between the most and least expensive renters insurance companies. That could add up to a savings of around $238 per year.
Your renters insurance quotes depend on several factors that differ for each person. The price of renters insurance depends on your location, the size and age of your home and your coverage limits.
Renters insurance companies also consider personal details, like marital status, insurance history and age. For this reason, the cheapest company for you may be different from your family, friends or neighbors.
Consider customer service reviews. It's important to choose a renters insurance company that will take good care of you after an emergency.
Companies with great customer service do this by offering a quick and easy claims process. On the other hand, poor customer service could lead to a lot of back and forth with the insurance company. And you may end up paying more to replace your stuff.
What renters insurance coverage do I need in Mississippi?
Mississippi renters can experience hurricanes, tropical storms and tornadoes. These disasters can cause flood, wind and hail damage across the state.
Does Mississippi renters insurance cover flood damage?
Renters insurance does not cover flood damage caused by a hurricane, tropical storm or major downpour.
While you won't have to worry about damage to the structure of your rented home, Mississippi renters living near the coast should consider buying a flood insurance policy. This is the only way to protect your belongings from water damage.
Renters insurance does cover other types of flooding. For example, if a burst pipe floods your home, your renters insurance will pay to replace your damaged items.
Does MS renters insurance cover wind damage?
Renters insurance typically covers wind damage, including wind from hurricanes and tornadoes.
However, renters living in a high-risk area along the Gulf Coast or Dixie Alley may have a separate wind or hurricane deductible. This means you may have to pay more to replace your stuff if it's damaged by a hurricane, because this deductible is typically higher than your regular deductible.
You should check your policy to make sure you have enough money to pay the extra deductible in an emergency.
Does renters insurance in Mississippi cover hail damage?
Renters insurance typically covers hail damage.
Like wind damage, you may have to pay a higher deductible if the hail was part of a hurricane or named storm.
Frequently asked questions
How much does renters insurance cost in MS?
The average cost of renters insurance in Mississippi is $36 per month or $436 per year. That's $13 per month more expensive than the national average.
Does Mississippi require renters insurance?
Renters insurance is not a legal requirement in Mississippi. However, your landlord or property management company may require you to buy a policy as a part of your lease agreement.
How much is renters insurance in Jackson, MS?
Renters in Jackson can expect to pay around $26 per month for insurance, which is $10 per month cheaper than the Mississippi state average. In comparison, people living in Biloxi pay an average of $51 per month for coverage.
Methodology
To find the best renters insurance in Mississippi, ValuePenguin analyzed renters insurance companies in Mississippi according to how well each company performed in three areas: Cost, coverage options and customer service.
To determine the cheapest company in MS, our editors collected quotes from five of the largest insurance companies in Mississippi across 25 of the largest cities in the state. Rates are for a 30-year-old unmarried woman with no pets and no history of insurance claims.
Quotes include the following coverage limits:
- Personal property: $30,000
- Personal liability: $100,000
- Medical payments: $1,000
- Deductible: $500
To determine customer service ratings, we considered three measurements of service:
- NAIC complaint index: A company's complaint index reveals the number of complaints it receives relative to its size. The NAIC uses 1.00 to represent the normal number of complaints expected, meaning insurers with a score below 1.00 get fewer complaints than expected.
- J.D. Power Homeowners Insurance Study - Renters Insurance: J.D. Power polled customers from the nation's largest renters insurance companies and ranked them according to their service, price and policy features.
- ValuePenguin editor rating: Our editors rate insurers based on a combination of customer service reviews, availability of coverage options and the overall value provided to customers.
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.