Mississippi Minimum Auto Insurance Requirements for 2024 (What Drivers in MS Need)

Understanding Mississippi minimum auto insurance requirements is essential for staying compliant and protecting your finances. Drivers must carry 25/50/25 coverage, which includes $25,000 for bodily injury liability insurance per person, $50,000 per accident, and $25,000 for property damage.

While rates in Mississippi start as low as $20/month, top providers like USAA, Geico, and State Farm auto insurance offer competitive pricing, exceptional customer service, and tailored policies for varying needs.

Mississippi Minimum Auto Insurance Requirements & Limits

Comparing quotes from multiple companies can help you find affordable coverage while ensuring you’re protected against costly accidents and legal penalties.

To find out if you can get cheaper auto insurance rates, enter your ZIP code into our free quote tool above to instantly compare prices from various companies near you.

Mississippi Minimum Coverage Requirements & What They Cover

Understanding Mississippi car insurance requirements is crucial for drivers to stay compliant with MS state law on car insurance. Not only does Mississippi require car insurance, but the Mississippi minimum car insurance requirements of 25/50/25 ensure sufficient liability protection for accidents.

Drivers need to carry $25,000 of bodily injury liability per person and a total of $50,000 of bodily injury liability coverage per accident. Additionally, in Mississippi, your liability insurance coverage for property damage must be at least $25,000 per accident.

Mississippi auto insurance law allows a driver to place a bond with a state-licensed company for the full amount of required coverage in lieu of insurance. Mississippi requires six main types of car insurance coverage. Here’s a breakdown of what each covers:

• Bodily Injury Liability: Covers medical expenses for injuries a covered driver causes to others. It also extends to anyone driving the insured car with permission. This is essential to handle high medical bills in accidents.
• Personal Injury Protection (PIP) / Medical Payments: Covers the driver’s own medical expenses, opposite to bodily injury liability. PIP can also cover lost wages and funeral expenses.
• Property Damage Liability: Pays for damage caused to another person’s property, such as their car, signs, mailboxes, or buildings.
• Collision Coverage: Pays for damage to the insured driver’s vehicle, regardless of fault, in single or multi-car accidents.
• Comprehensive Coverage: Protects against non-collision damage to the insured vehicle, including vandalism, fire, hail, or hitting an animal.
• Uninsured/Underinsured Motorist Coverage: Protects when an at-fault driver has no insurance, insufficient coverage, or in hit-and-run situations.

Each type plays a crucial role in ensuring financial protection in various scenarios. Mississippi auto insurance laws also allow a driver to post cash or securities in the total amount required of liability insurance with the State Treasurer. Given the high requirements, these options are rarely used.

Policy Requirement Basics

State insurance coverage requirements, including Mississippi auto insurance requirements are often written in a shorthand that can be confusing.

This shorthand includes three numbers indicating the minimum coverage for bodily injury per person, the minimum bodily injury liability coverage for an accident overall, and the minimum property damage liability coverage. These numbers are truncated.

For example, a coverage requirement that reads 20/40/10 would mean that a state requires $20,000 in bodily injury liability per person injured, $40,000 in coverage for bodily injury liability coverage for a single accident overall, and $10,000 in property damage liability coverage for a single accident.

Not every policy will meet every state’s requirement making it important to compare 3-4 car insurance policies before purchasing one.

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Cheapest Car Insurance in Mississippi

The cost of car insurance in Mississippi starts as low as $20 per month, making it possible to find cheap car insurance Mississippi options by shopping around.

Shopping around is essential to find the best deals, as rates vary significantly among providers. For instance, USAA offers the cheapest rates at $20/month, followed by Geico at $27/month, and State Farm at $31/month for minimum coverage.

Other providers, such as Progressive and Farmers, also offer competitive rates at $39 and $50 per month, respectively. In contrast, companies like Allstate and Shelter have higher starting premiums, with rates exceeding $200 per month.

Monthly Minimum Auto Insurance Rates from Top Providers in Mississippi

Penalties for Driving Without Insurance in Mississippi

Additional Coverage Options to Consider in Mississippi

In addition to the six basic types of car insurance, there are other coverage options that can provide extra protection and peace of mind for Mississippi drivers:

• Gap Insurance: If your car is totaled or stolen and the remaining loan balance exceeds its market value, gap insurance covers the difference.
• Roadside Assistance: Offers help for unexpected issues like flat tires, dead batteries, or towing needs.
• Rental Reimbursement: Covers the cost of a rental car while your vehicle is being repaired after a covered accident.
• Custom Equipment Coverage: Protects aftermarket additions like custom wheels, sound systems, or paint jobs that aren’t included in standard policies.
• Ride-Sharing Coverage: For drivers using their cars for services like Uber or Lyft, this coverage fills gaps not covered by personal or company-provided insurance.
• Non-Owner Insurance: Provides liability coverage for drivers who don’t own a car but occasionally drive others’ vehicles.

These optional coverages can help drivers tailor their policies to fit unique needs and avoid costly out-of-pocket expenses.

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Minimum Auto Insurance vs. Recommended Coverage in MS

Minimum required coverage is the bare minimum required to drive a vehicle in Mississippi. But often times the bare minimum isn’t enough to meet every need. For instance, a driver who had previously been the victim of a hit-and-run might want more uninsured motorist coverage.

A driver with small children might need more than the minimum required personal injury protection insurance coverage. In fact, most insurance industry groups recommend more than the bare minimum required coverage.

Mississippi Min. Coverage Auto Insurance Monthly Rates by City

Medical bills from a single accident can be enormous. Due to the potential for expensive medical bills, most industry groups recommend at least $100,000 per person and $300,000 per accident of bodily injury liability coverage.

In the past, shopping for insurance was difficult and time-consuming. Thankfully, the process has been simplified through the internet. It has never been easier to compare multiple policies, and purchasing a policy online can be done in a few minutes.

How to Find the Cheapest Car Insurance in Mississippi

Finding the cheapest car insurance in Mississippi comes down to balancing your coverage needs with your budget. While meeting the state’s minimum requirements is essential, it’s equally important to consider whether additional coverage might better protect your finances.

The key is comparison shopping—exploring at least 3-4 different policies can help you uncover options that align with your needs and fit within your budget (Read more: Do you have to have auto insurance in every state?).

Remember, your search for the best rates doesn’t stop after buying a policy. Life changes, and so do insurance prices, so it’s smart to review your coverage every six months to ensure it still meets your goals.

Doing a little comparison shopping can lead Mississippi drivers to policies that fit their needs and their budgets. The policy-shopping process doesn’t end with the purchase of a policy either. Needs change, and policy prices fluctuate.

It’s highly recommended to review policies every six months after purchase to make certain it continues to meet every need. Don’t miss out on our free quote tool below. Just enter your zip code and start comparing rates now!

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