Home Insurance in Mississippi

Compare personalized Home insurance rates in Mississippi

Home Insurance in Mississippi

Saving money and getting good coverage is always important when it comes to choosing homeowners insurance in Mississippi. Yet, finding the right policy isn’t always easy to do. You may want a cheap homeowners insurance policy, but you know the importance of a comprehensive plan to protect your biggest asset. You can have both. Mississippi homeowners requirements are important to understand. Here’s what you need to know.

Home Insurance Companies in Mississippi

The top rated homeowners insurance companies in Mississippi want to help you find the right balance. To do so, they offer numerous policy options. Homeowners insurance agencies in Mississippi will always customize a policy to meet your property’s needs. The best home insurance companies in Mississippi also help you find every possible discount available to you. Work with independent home insurance agents in Mississippi to compare all of these options.

How to Get the Best Rates for Home Insurance in Mississippi

To get the best rates possible, you need to compare various options. To do so, add your zip code to the box here. Then, you’ll gain access to lots of options to consider.

 

<zipcode>Find The Cheapest Home Insurance In Your Area:</zipcode>

 

How Much Does Homeowners Insurance Cost in Mississippi?

The average annual premium in Mississippi is more expensive than the national average. In Mississippi, the average HO-3 policy costs $1,508. Nationally, the average is $1,173. The cheapest home insurance in Mississippi is likely to cost less than this, though. To find your policy, use home insurance quotes in Mississippi from numerous agencies.

 

<twitter>The average annual premium in Mississippi is more expensive than the national average. In Mississippi, the average HO-3 policy costs $1,508. Nationally, the average is $1,173. </twitter>

 

List of Homeowners Insurance Companies in Mississippi

To get started, you need to know which insurers are available to you. You can learn this by entering your zip code above. Then, you’ll receive a list of available homeowners insurance carriers in Mississippi.

How Homeowners Insurance Is Calculated in Mississippi

In every area, insurance companies assess the amount of risk present within that are to the property. They look for risks that could cause damage to a home. The more risks present, the higher the property owner’s costs will be. Here are some of the most important factors in Mississippi.

 

<qa>1;Crime;Crime is a big factor when it comes to the security of your home. High crime can mean vandalism, theft, and even arson. Violent crime in Mississippi is 2.86 per 1,000 residents, much lower than the national average of 4. However, property crime rates here are higher at 27.34 compared to the national average of 24. This can cause rates to climb.</qa>

<qa>2;Weather/Climate;Climate factors can influence costs, too. Typically, Mississippi is faced with threats such as coastal flooding, fires, and extreme heat. However, thunderstorm and wind damage can also be a factor in increasing costs here.</qa>

<qa>3;Home Values;The value of your home matters. The more valuable it is, the more coverage you need. The median home value in Mississippi is $128,000, which is low to moderate compared to the rest of the country. That helps to drop your costs. (As of March of 2019)</qa>

Home Insurance Requirements in Mississippi

There are many things you need to know about home insurance coverage. Keep in mind the answers to the following questions are some of the most common people have about insurance here.

Is Homeowners Insurance Required in Mississippi?

The state of Mississippi doesn’t require a property owner to have insurance. However, it tends to be a very good thing for financial wellbeing. Claims are common here. If you have a mortgage on your home, the lender will require you to maintain coverage though.

What Does Home Insurance Cover?

Nearly all home insurance policies in Mississippi cover property and liability. Property insurance protects the home itself along with any attached features such as a garage. It also protects your personal possessions. It covers risks like storm damage, fires, and theft. Liability insurance covers claims made against you from other people, such as falling on your property.

Homeowners Insurance for New Properties in Mississippi

Some areas of the state are seeing a number of new homes being built. These homes typically have a mortgage and a high value. That’s why it’s important to have coverage here.

Homeowners Insurance for Old Properties in Mississippi

Those without a mortgage on an older home are typically less likely to have coverage, which can lead to a devastating loss if a hurricane rolls through the area. All properties should consider the value of coverage.

Renters Insurance in Mississippi

Renting a home, duplex, apartment, or condo in Mississippi means you do not have coverage for your personal property. Your property owner’s policy does not cover your belongings.

 

There’s no legal requirement to maintain renter’s insurance, but having it can protect your personal property as well as your liability risks. It’s generally very affordable here, too.

 

<zipcode>Compare Renters Insurance in Mississippi</zipcode>

 

Compare Home Insurance in Mississippi by City

It’s always important to protect your home. The cheapest home insurance in Mississippi may be good enough. However, to find and compare home insurance quotes, you need to consider the factors that impact your rates in Mississippi. Here’s a look at the largest cities.

 

<qa>1;Home Insurance Quotes in Jackson, Mississippi;Jackson is the largest city here with 166,965 people. Home values here are about $144,500. They’ve grown as much as 10 percent in the last year.</qa>

<qa>2;Home Insurance Quotes in Gulfport, Mississippi;The waterfront makes Gulfport a high-risk area for the 71,822 people that live here. Home values in Gulfport are $118,800, lower than the national average.</qa>

<qa>3;Home Insurance Quotes in Southaven, Mississippi;A fast-growing community, there are about 54,031 people living in Southaven. The median home value in Southaven is about average at $155,400.</qa>

<qa>4;Home Insurance Quotes in Hattiesburg, Mississippi;Another smaller but growing community is Hattiesburg. It’s home to 46,377 people. The median home value in this community with its new construction is $148,900.</qa>

<qa>5;Home Insurance Quotes in Biloxi, Mississippi;Known for its history, the urban community of Biloxi is home to 45,908 people. Home values in Biloxi are growing too, up nearly 14 percent year-over-year to $137,300.</qa>

 

Bonus: Most Expensive Homes in Mississippi

You don’t want to overpay for homeowners insurance. If you lived in these expensive homes in the state, your rates would be higher.

 

  • The waterfront property at 15312 Dismuke Avenue in Biloxi is valued at $11 million.
  • A home that sits on 2500 acres of land in Louis, Mississippi is valuable at $10.45 million.
  • Or, you could choose the luxurious 12,000-square-foot home On Whitaker Road in Centerville for $9.5 million.

 

<resources>https://www.reviews.com/homeowners-insurance/%20mississippi/;https://www.neighborhoodscout.com/ms/crime;http://statesatrisk.org/mississippi;https://www.zillow.com/ms/home-values/;http://www.citypopulation.de/USA-Mississippi.html</resources>