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Affordable Home Insurance in Mississippi

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What drives home insurance rates in Mississippi

Average homeowners premium, 2023

$2,029

The average homeowners policy in Mississippi cost $2,029 for a year of coverage in 2023, against $1,737 nationally.

Claims paid per premium dollar, 2023

88.2¢

Home insurers in Mississippi paid 88.2 cents in claims for every premium dollar in 2023; the median state was 64 cents.

Severe weather events, 2024

287

NOAA logged 94 tornado, 91 large-hail and 102 flash-flood event reports in Mississippi in 2024, counted per county or zone. Wind and hail claims fall on the homeowners policy; flood needs its own.

Natural-hazard loss rank

#30

FEMA ranks Mississippi #30 of 51 for expected annual loss from natural hazards; flood accounts for 31% of that loss, and flood damage needs a separate flood policy.

  • Average homeowners premium, 2023: NAIC Homeowners Insurance Report, 2023 data
  • Claims paid per premium dollar, 2023: NAIC Profitability by Line by State, 2023
  • Severe weather events, 2024: NOAA Storm Events Database, 2024
  • Natural-hazard loss rank: FEMA National Risk Index

Largest home insurers in Mississippi

The ten insurer groups that wrote the most home premium in Mississippi in 2025, with their share of the state total of $1.8 billion.

#Insurer groupMarket sharePremiums written
1State Farm Group23.31%$411 million
2Southern Farm Bureau Casualty Group15.2%$268 million
3Allstate Insurance Group7.56%$133 million
4Liberty Mutual Group7.04%$124 million
5United Services Automobile Association Group5.46%$96 million
6Farmers Insurance Group5.41%$95 million
7Alfa Insurance Group5.18%$91 million
8Orion180 Group3.93%$69 million
9Nationwide Corp Group3.43%$60 million
10Travelers Group3.42%$60 million

Source: NAIC Market Share Reports, 2025 data, direct premiums written by insurer group. GEICO writes inside Berkshire Hathaway Group. Ranking is market commentary; it says nothing about which carriers a quote comparison includes.

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