HomepageInsuranceHomeownersThe Best Mississippi Homeowners Insurance Companies

The Best Mississippi Homeowners Insurance Companies

Fact-checked with HomeInsurance.com ​

Click at least 2-3 companies to find the very best rate.

    Advertiser Disclosure

    Close icon.

    We are an independent publisher. Our reporters create honest, accurate, and objective content to help you make decisions. To support our work, we are paid for providing advertising services. Many, but not all, of the offers and clickable hyperlinks that appear on this site are from companies that compensate us. The compensation we receive and other factors, such as your location, may impact what ads and links appear on our site, and how, where, and in what order ads and links appear. While we strive to provide a wide range of offers, our site does not include information about every product or service that may be available to you. We strive to keep our information accurate and up-to-date, but some information may not be current. So, your actual offer terms from an advertiser may be different than the offer terms on this site. And the advertised offers may be subject to additional terms and conditions of the advertiser. All information is presented without any warranty or guarantee to you.

    Based on our research, Allstate leads the pack for the best Mississippi homeowners insurance companies. Our top picks are selected for various reasons, including premium cost, independent third party evaluations, available discounts, and amount and type of policies offered. Three of our choices are part of our best homeowners insurance companies nationwide: Allstate, USAA and State Farm. Although smaller in size, Metropolitan Insurance and Mississippi Farm Bureau made the cut because of their affordable policies and variety of coverages.

    Homeowners in Mississippi should consider that their properties are at risk of damage for ice storms, tornadoes, hurricanes, high winds and earthquakes. We took that into consideration and selected companies that will cover these perils.

    The 5 Best Homeowners Insurance Companies in Mississippi

    • Allstate – Best for New Homebuyers
    • USAA – Best for Military Members and Families
    • Metropolitan Insurance – Best for Replacement Cost Coverage
    • Mississippi Farm Bureau Casualty Insurance Company – Best for Coverage Options
    • State Farm – Best Web Experience

    Compare Mississippi’s Top Insurance Companies

    CompanyAverage PriceAM Best Financial StrengthJ.D. Power Overall Customer Satisfaction
    Allstate $734A+829*
    USAA $1,451A++889*
    Metropolitan Life Insurance$1,694A+877*
    Mississippi Farm Bureau Casualty Insurance Company $1,996AN/A
    State Farm $2,176A++829*

    Information as of 09/25/2020. *Based on a 1,000-point scale.

    Allstate

    Allstate’s strength is in the diversity of its offerings and discounts, which allow you to pick and choose the coverage that works best for your circumstances. It has a great website, with tons of useful information.

    Allstate

    Best for New Homebuyers

    Why we chose it

    Allstate’s discounts add up to lower premiums, making the company a good choice for anyone who’s looking to save a few dollars on their premium costs. Allstate is also generous in its coverage, providing up to $10,000 for accidental damage.
    • 4 Reviews Score
    • A+ AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 829* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Allstate’s discounts add up to lower premiums, making the company a good choice for anyone who’s looking to save a few dollars on their premium costs. Allstate is also generous in its coverage, providing up to $10,000 for accidental damage.

    Pros

    • Lowe average annual premium
    • Diverse discount opportunities, an informative website and digital tools
    • Above-average customer service

    Cons

    • NAIC complaint index high
    • Financial strength ratings good, but not great
    Read More

    Discounts available

    • Early signing discount
    • Homebuyer discount
    • Hail-resistant roof discount

    Unique features

    Allstate’s discount list is longer than most national insurers. You could save up to 10% on your premiums if you sign up for your new policy at least 7 days before the current one expires.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Further Reading on Allstate:

    USAA

    USAA appears at the top of rating lists for its excellent customer service, comprehensive policies, and fair prices. The only catch is that you must be a current or former member of the military community to purchase a policy — but if you are, the company should be your first stop.

    USAA

    Best for Military Members and Families

    Why we chose it

    USAA has earned a high reputation for quality and service within the military community. If you fit the demographic, getting a quote from USAA should be the first step in your search for great homeowners insurance.
    • 4 Reviews Score
    • A++ AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 889* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • N/A BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    USAA has earned a high reputation for quality and service within the military community. If you fit the demographic, getting a quote from USAA should be the first step in your search for great homeowners insurance.

    Pros

    • Outstanding customer service
    • Policies tailored to military family needs
    • Competitive pricing

    Cons

    • Only available to current and former military members and their families
    • Limited discounts
    Read More

    Discounts available

    • Save 10% if you bundle with auto 
    • Claims-free 10% discount
    • Home security system discount

    Unique features

    USAA’s policies are written with service men and women in mind. This means they have details that anyone in the military can appreciate, such as full coverage for uniforms for active duty or deployed members.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Further Reading on USAA:

    Metropolitan Life

    Metropolitan Life, better known as MetLife, offers a few enticing coverages, including full replacement cost for your home and belongings, without an enormous premium.

    Metropolitan Insurance

    Best for Replacement Cost Coverage

    Why we chose it

    MetLife offers replacement cost coverage, at an affordable rate, which is hard to find. It’s also one of the few insurance providers in the U.S. that you can pair with NFIP flood insurance.
    • 3.5 Reviews Score
    • A+ AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 824* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A- BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    MetLife offers replacement cost coverage, at an affordable rate, which is hard to find. It’s also one of the few insurance providers in the U.S. that you can pair with NFIP flood insurance.

    Pros

    • Offers replacement cost coverage
    • Can bundle with auto insurance
    • Can easily with flood insurance

    Cons

    • Average customer reviews
    Read More

    Discounts available

    • Safety discount
    • Policy bundling
    • Group and employer discounts

    Unique features

    MetLife offers great coverage, including replacement cost coverage for your home and belongings, as well as flood insurance. You also get identity protection coverage with every policy.

    *J.D. Power 2020 U.S. Property Claims Customer Satisfaction Study, based on a 1,000-point scale

    Further Reading on Metropolitan Life:

    Mississippi Farm Bureau

    Mississippi Farm Bureau has a good online presence as well as an exceptional app that allows you to review your policy, report a claim, contact a local agent, and even request roadside assistance.

    Mississippi Farm Bureau Home Insurance

    Best for Coverage Options

    Why we chose it

    Farm Bureau offers a variety of coverage options so that you can choose only what you need. It currently does not appear to have any complaints filed, which is a good sign regarding customer service.
    • N/A** Reviews Score
    • A AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • N/A** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • N/A** BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Farm Bureau offers a variety of coverage options so that you can choose only what you need. It currently does not appear to have any complaints filed, which is a good sign regarding customer service.

    Pros

    • Strong mobile app
    • Multiple coverage options

    Cons

    • As most local companies, it doesn’t have third-party customer satisfaction ratings
    • Few discounts available
    Read More

    Discounts available

    • Account discounts
    • New home discounts
    • Claims free discount

    Unique features

    Mississippi Farm Bureau Insurance is one of the largest property insurance in this state. It offers various products, such as homeowners insurance, renters insurance, landlord insurance, flood insurance, manufactured and mobile home insurance.

    *J.D. Power 2019 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale ** There is not enough information to calculate this score.

    State Farm

    State Farm offers above-average customer support along with competitive pricing and solid coverage options. For those new to home ownership, its Simple Insights blog can tell you everything you need to know about homeownership in general.

    State Farm

    Best Web Experience

    Why we chose it

    Providing a high-quality customer experience is only one of State Farm’s strengths. It also offers good policy coverages with add-ons to allow you to customize your policy.
    • 3.75 Reviews Score
    • A++ AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 829* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Providing a high-quality customer experience is only one of State Farm’s strengths. It also offers good policy coverages with add-ons to allow you to customize your policy.

    Pros

    • Financially strong
    • Excellent web presence
    • 19,000+ agents nationally
    • Informative blog

    Cons

    • Limited discounts
    • Higher premiums
    Read More

    Discounts available

    • Multiple policy discount
    • Fire, smoke, or burglar alarms discount
    • Impact-resistant roof discount

    Unique features

    State Farm’s comprehensive website makes it easy to get a detailed quote in minutes. You can also pay your bill, file and manage a claim, and handle most maintenance tasks either online or via the company’s app.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Further Reading on State Farm:

    Average Cost of Homeowners Insurance in Mississippi

    According to the Insurance Information Institute the average cost for homeowners insurance is $1,537, which is significantly higher than the national average of $1,211. Just keep in mind that there are a variety of factors that influence the cost of a premium. These include things such as: location, construction, condition, age, and size of home, policy type, deductible and claim history.

    Home Insurance Add-Ons That Will Further Protect You 

    If you want to protect your investment, we recommend adding the following to your homeowners insurance in Mississippi:

    • Flood Insurance: Flooding caused $20 billion worth of damages in Mississippi in 2019 alone. For this reason every Mississippian should strongly consider purchasing flood insurance. Flood insurance must be purchased separately through the NFIP, though you may be able to use your main provider as a liaison. To see if your home is at risk of flooding, you can input your address into a FEMA flood map
    • Other Structures insurance: Other structures protect anything else on your property that is not your home, such as a barn, shed, or garage.
    • Earthquake Add-on: Mississippi is extremely close to the New Madrid fault line. Experts are predicting a big earthquake along this fault line in the next 50 years. When that happens, they think Mississippi will be affected. Just to be prepared, we recommend  adding this type of coverage to your policy.
    • Extreme weather: Review your policy for tornado and hurricane wind damages. This state has had multiple hurricanes hit it in recent years. A standard policy covers wind damage regardless of the source, however, many providers stipulate that hurricane and tornado wind damages are not covered.  Speak with an agent specifically about these kinds of threats to make sure you are covered. 

    The Cheapest Homeowner Insurance Companies in Mississippi 

    Homeowner  Insurance CompaniesAverage Annual Premium
    Allstate$734
    USAA$1,451
    Metropolitan Life Insurance$1,694
    Mississippi Farm Bureau Casualty Insurance Company$1,996
    State Farm$2,176
    Average Across Insurance Companies$1,610

    Cost of Homeowners Insurance by Age of Home 

    Age of HomeAverage Annual Premium
    0-10$1,608
    10-25$2,225
    25-50$2,263
    50+$2,231
    Average Across Age of Home$2,082

    Top 3 Cheapest Homeowners Insurance Companies in Mississippi

    • Mercury Insurance: $405 average annual premium
    • Progressive: $409 average annual premium
    • Allstate: $416 average annual premium

    Top 3 Most Expensive Homeowners Insurance Companies in Mississippi

    • PURE Insurance: $4,865 average annual premium
    • Encompass: $4,077 average annual premium
    • Chubb: $2,948 average annual premium

    Resources Helpful for Mississippi Homeowners

    Understanding how homeowners insurance works, its coverage, tips and your rights as property owner helps you get the most value out of your policies. Here are some tools and resources for customers shopping around for home insurance in Mississippi:

    Homeowners Insurance FAQ 

    Is homeowners insurance required in Mississippi?

    You are not legally required to have homeowners insurance in Mississippi. However, if you have a mortgage, your lender could require it to protect both you and the bank.

    What is the cheapest homeowners insurance in Mississippi?

    The cheapest homeowners insurance in Mississippi is currently Allstate with an average annual premium of $734. Followed by USAA and Metropolitan Insurance. Keep in mind that what you end up paying will be different from the average premiums in this article, based on your specific needs and circumstances. Get quotes from at least three different companies to compare and select the best fit for you.

    Methodology

    We evaluated the companies based on their customer rating and experience, financial stability, and coverage to determine the best providers. To compare home insurance companies in Mississippi across the board, we then calculated a Reviews.com score based on the following:

    • Customer Ratings: Customer ratings are an indication of satisfaction with the process of filing a claim. We measured this using J.D. Power Homeowners Satisfaction ratings.
    • Coverage: As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options and add-ons available. 
    • Confidence: It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength will not have issues paying out claims, regardless of the amount. However, companies with weak financial strength might not be able to pay out claims. We measured this using AM Best’s ratings, which specializes in assessing the financial strength of insurance companies.
    • Customer Experience: The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the NAIC National Complaint Index.

    About the Authors

    Nina Rodríguez-Quirós

    Nina Rodríguez-Quirós Feature Writer

    Nina Rodríguez-Quirós is a feature writer for Reviews.com. Over the last year, she has covered insurance providers, claims handling, coverage and more. She has been featured in Allconnect.com and holds a Master’s Degree in Theory and Research of Communications from the University of Puerto Rico. Her favorite review is Millennials and Auto Insurance.

    Table Of Contents