Homeowners Insurance in Mississippi

The average Mississippi homeowners premium is $2,029 a year (NAIC) — ▲ +17% versus the U.S. average of $1,737, ranking 10th of 51.

These are estimates, not quotes. Home figures are modeled from NAIC state averages, Census home values and FEMA hazard ratings for comparison only. Real premiums depend on the insurer, the home, its roof and claims history. We are not an insurance company or agency. How we estimate

Average homeowners and renters insurance in Mississippi

Homeowners (HO-3)

$2,029

NAIC average / year

Renters (HO-4)

$263

U.S. $173

Median home value

$169,800

Census ACS

FEMA expected loss rating

Relatively Low

all natural hazards

NAIC averages cover standard owner-occupied (HO-3) policies. Premiums scale with the cost to rebuild, so Mississippi's median home value of $169,800 and its exposure to wind, hail and wildfire explain much of the difference from other states.

Natural hazard risk in Mississippi

FEMA National Risk Index — expected annual loss by hazard (state level)
Hazard	Expected loss rating	Score	Expected annual loss
Hail	Relatively Moderate	71.7	$52,457,719
Tornado	Relatively High	66.0	$270,557,564
Hurricane	Relatively Moderate	82.6	$296,392,920
Inland (river) flooding	Relatively Low	37.5	$500,054,302
Coastal flooding	Relatively Moderate	54.1	$12,452,058
Wildfire	Relatively Low	49.0	$11,841,979
Earthquake	Relatively Low	66.1	$121,318,495
Winter weather	Relatively Moderate	23.2	$2,469,944
Strong wind	Relatively Moderate	56.6	$52,657,881
Lightning	Relatively Moderate	63.5	$31,208,286

Standard homeowners policies exclude flood and earthquake; both need separate coverage. Wind and hurricane damage is covered but often with a separate percentage deductible in coastal states.

Home Insurance Estimator

Estimated annual premium

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Per month

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Estimated homeowners insurance by city

For a home at each city's median value, standard frame construction and a $1,000 deductible. The lowest estimate is in Meridian ($1,380) and the highest in Olive Branch ($2,945).

City	Median home value	Median year built	Hail / wind	Est. premium
Jackson	$111,700	1969	Very High / Very High	$1,515
Gulfport	$174,600	1986	Relatively Moderate / Relatively High	$2,150
Southaven	$236,300	1998	Relatively Low / Relatively Moderate	$2,500
Hattiesburg	$165,900	1981	Relatively Moderate / Relatively High	$1,965
Biloxi	$225,100	1990	Relatively Moderate / Relatively High	$2,635
Olive Branch	$290,000	2000	Relatively Low / Relatively Moderate	$2,945
Tupelo	$212,800	1981	Relatively Low / Relatively Moderate	$2,215
Meridian	$107,900	1969	Relatively Moderate / Relatively Moderate	$1,380
Laurel	$125,800	1969	Relatively Moderate / Relatively High	$1,575

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Frequently asked questions

How much is homeowners insurance in Mississippi?

NAIC data puts the average Mississippi homeowners (HO-3) premium at $2,029 a year, ranking 10th of 51 (1 = most expensive). The national average is $1,737.

How much is renters insurance in Mississippi?

The NAIC average renters (HO-4) premium in Mississippi is $263 a year.

What natural hazards affect home insurance in Mississippi?

FEMA's National Risk Index rates Mississippi relatively high or very high for expected annual losses from tornado. Standard homeowners policies exclude flood and earthquake, which need separate coverage.

Does homeowners insurance cover floods in Mississippi?

No. Standard homeowners policies exclude flood damage. Flood coverage is sold separately through the National Flood Insurance Program (NFIP) or private insurers.

How we estimate this

We start from the NAIC average homeowners (HO-3) premium for the state, scale it by the ratio of the home value to the state median home value (Census ACS), adjust for construction type and deductible, and apply a hazard factor from FEMA National Risk Index scores for the county relative to the state. Results are rounded estimates, not quotes. Read the full methodology.

Sources used on this page