Updated on 01.05.17

The 4 Best Mississippi Homeowners Insurance Companies

Mississippi is no stranger to inclement weather — from hurricanes to floods to tornadoes, the Magnolia State has seen it all. This increased risk poses a threat to homeowners, causing surges in their annual premiums. In 2012, the average homeowners insurance premium in Mississippi was $1,314, nearly $200 above the national average for that year.

With rates so high, it’s important to know that you’re getting what you’re paying for. Look for a policy that offers wide coverage options so you can have peace of mind knowing that your most important asset is well-protected.

To assist you in selecting your Mississippi homeowners insurance policy, we’ve outlined our top picks for providers and included an online quote tool so you can easily compare policies and prices to determine which one is best suited for your needs and budget.

Find the Best Home Insurance Rates

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

State Farm

State Farm is the largest provider of homeowners insurance in Mississippi, dominating over 15% of the state’s insurance market. Customers in Mississippi choose State Farm because the company provides exceptional claims services and wide policy options at an affordable price.

In the event that you experience a loss, you can get easily get in contact with State Farm to report your claim and have the peace of mind knowing that you’re working with one of the largest claims networks in the world. Claims can be filed online, over the phone using a 24-hour claims hotline, in person with a local agent, or using the Pocket Agent mobile app. If the damage made to your home requires emergency water mitigation services or water repair, State Farm can directly connect you to a local contractor in your area to conduct the repairs necessary via their Premier Service program.

State Farm’s Discount Double Check feature helps you save money on your already-affordable premium by automatically applying every price deduction that you are eligible for, so you can remove the guesswork and receive the lowest possible price. It is important to note that State Farm does not offer price breaks to owners of new or recently renovated homes—an otherwise popular discount. If you fall into one of those two categories, factor your potential savings with another provider in mind when comparing quotes.

Mississippi Farm Bureau

Backed by the Southern Farm Bureau and an A+ rating from A.M. Best, Mississippi Farm Bureau is an excellent choice for local and affordable homeowners insurance in the Magnolia State. The company is the second largest insurer in Mississippi and is committed to providing quality customer care, good rates, and wide coverage options for residents in the state.

Homeowners insuring single-family homes, condos, and farms in Mississippi can find coverage through the Bureau, with standard policies protecting dwellings, additional structures like garages, personal property, and liability coverage.

If your community has increased risk of flooding and participates in the National Flood Insurance Program, the Mississippi Farm Bureau can also facilitate in adding a separate flood-insurance policy.

The Farm Bureau helps you save on your premium by offering deductions for bundling products and having a claims-free history. For more information on discount opportunities and to determine if insuring with the Mississippi Farm Bureau is the right choice for your home and budget, visit their website or contact a local agent.

Allstate

Allstate is a popular option for homeowners insurance in Mississippi because the company offers wide coverage options, multiple discount opportunities, and impressive online policy management tools and resources.

A standard Allstate policy can be supplemented with unique add-on coverages to protect your most valuable assets — be it electronic data, sports equipment, musical instruments, yards/gardens, or a home office. Allstate also offers specialty features like the Claim RateGuard, which guarantees that your premium rate won’t surge just because you file a claim, and can save you a considerable amount of money over time.

You can also save on your Allstate policy by taking advantage of the company’s many discount opportunities — take up to 30% off for bundling insurance products, 20% for insuring a new or recently renovated home, 15% for installing protective devices, 10% for getting a quote while you are still insured with another company, and 5% just for opting for automatic paperless billing. Allstate also extends a 10% discount for retirees and new customers for their first two years.

Allstate’s online resource center is one of the best in the market. Take advantage of their wide library of articles, tips, checklists, and calculators designed to assist you every step of the way through the homeownership process. Tools such as Allstate’s Premium Gauge, which allows you to see how various factors (e.g., the age of your home) can impact your annual premium price, allow you to better manage your policy and make money-saving decisions.

Liberty Mutual

When it comes to saving you money on your Mississippi homeowners insurance policy, Liberty Mutual is a great option. The company offers policy discounts for standard things like bundling products, installing security devices, and obtaining a quote with Liberty Mutual before your current insurance policy expires.

Additionally, Liberty Mutual offers premium deductions and benefits to customers belonging to one of their 14,000 affiliate employers, groups, and alumni associations.

If you experience a loss, Liberty Mutual’s affiliate network comes in handy to connect you with vetted contractors in your area and carry out emergency repairs necessary to restore your home to safe and livable conditions. This service is available 24-hours a day/365 days a year and is a relatively rare offering in the insurance market, definitely adding value and an extra layer of protection to your homeowners insurance policy.

Find the Best Home Insurance Rates

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

Don’t own your Mississippi home? Check out our picks for the Best Renters Insurance for 2016.

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