Do you live in the Gulf State of Mississippi and want to know how to get cheap auto insurance in Mississippi? You’ve come to the right place. Here we detail a strategy that can help you obtain less expensive rates on insuring your car than you might otherwise pay.
The key is to do your research. A great deal of helpful information is provided by the Mississippi Insurance Department. First, you need to know what the law requires in the state for automobile insurance. In Mississippi, drivers have to carry proof of insurance in their vehicles at all times, and maintain minimum liability as follows: $25,000 per person (limited to a single accident), $50,000 per accident for bodily injury, and $25,000 per accident for property damage. This is referred to as 25/50/25.
Remember, though, that if you are in an accident that’s determined to be your fault, your liability coverage will only pay up to the limits of your policy. You will be responsible for the rest.
The state offers an Automobile Insurance Consumer’s Guide that gives a good overview of buying auto insurance in Mississippi. Then, be sure to check out the state’s Personal Auto Rate Comparison which gives sample rates for two rating scenarios: a 25-year old single male and a 30-year old married couple, both with clean driving records. Sample rates are for a six-month period and are provided by Allstate, GEICO, Mountain Laurel, Nationwide, Progressive Gulf and State Farm. The sample six-month rates range from $502 to nearly $700 for the single male and $738 to nearly $1,000 for the married couple.
While every driver’s situation is different, and multiple factors are taken into account by car insurers when deciding whether to provide insurance to the driver and what rate to quote, knowing the range helps you be better informed and better prepared.
What else can you do? Read on.
Tips for Getting Cheap Auto Insurance in Mississippi
By following a few simple tips, you can reduce the amount you lay out in car insurance premiums in Mississippi. Be sure to:
- Maintain a good driving record.
- Ask about all the discounts for which you may be eligible.
- If you opt to carry collision and comprehensive coverage, take the highest deductible you can.
- Figure out how much it will cost to insure your new or used vehicle before you purchase it. Higher priced vehicles, such as high-performance sports cars and luxury cars, typically cost more to insure than four-door family sedans and minivans.
- If you’ve already paid for your car and own it outright, you may want to consider dropping comprehensive and collision coverage. Your premiums may be more than what you’d receive if your vehicle was stolen or damaged.
- Generally speaking, it’s less expensive for young drivers to be insured under their parents’ car insurance rather than get their own policy. They can also qualify for good-student discounts by maintaining good grades.
- Pay your auto insurance premiums on-time to avoid late fees and possible cancellation and reinstatement fees.
- Periodically review your policy to make sure your coverage is adequate and appropriate.
- Shop multiple car insurance carriers, compare rates, coverage and service – before you make any changes.