Cheapest Auto Insurance for Drivers Requiring a SR22 in Mississippi

The make and model of vehicle requiring coverage is probably the biggest factor that determines if you can find the best cheap insurance for drivers requiring a SR22. Vehicles with limited speed and performance, good crash test ratings, or low incidents of liability claims will cost significantly less to insure than adrenaline junky models. The data below outlines car insurance rates for some of the more afforable vehicles to buy coverage for.

Data based on single male driver age 30, two speeding tickets, two at-fault accidents, $500 deductibles, and Mississippi minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Rate information does not factor in vehicle garaging location which can modify price quotes substantially.

Looking at the numbers, cars like the Honda CR-V, Ford Escape, and Hyundai Elantra are most likely to be a few of the cheaper vehicles to insure for high risk drivers. The cost of a car insurance policy will be more costly just due to the fact that there is more claim exposure for drivers requiring a SR22, but generally speaking those models will most likely have the lowest insurance rates compared to other types of vehicles.

Buying cost effective car insurance is not easy, and finding out which companies have the most affordable auto insurance rates for drivers requiring a SR22 requires even more perseverance. Coverage prices will more than likely be significantly pricier than the average policy in Mississippi, with the higher price attributed to the extra risk associated with selling insurance for high risk drivers, but reasonably-priced coverage should be possible if you look hard enough. Each auto insurance company uses their own calculation to determine rates, so we’ll take a look at the auto insurance companies with the overall cheapest rates in Mississippi.

It’s a good idea to know that Mississippi auto insurance rates are impacted by many factors which can substantially decrease or increase the cost of a policy. This is why it is so important to compare rates when trying to get the most affordable auto insurance rates for drivers requiring a SR22. Insurance prices can be altered by many risk factors and change substantially, so the cheapest company when you last compared rates may now be quite expensive.

Best Auto Insurance Prices for SR22 Drivers

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USAA normally has some of the lowest car insurance rates in Mississippi at around $839 annually. Travelers, Unitrin, Direct General, and ALFA also are some of the cheaper Mississippi car insurance companies.

In the above rates, if you are a customer of Direct General and switched to Travelers, you might realize an annual premium reduction of about $330. Mississippi drivers with ALFA might save as much as $378 a year, and Safeway customers might reduce rates by $415 a year.

To find the cheapest car insurance for drivers requiring a SR22 in Mississippi for your vehicle, click here to start your custom quote or feel free to get quotes from the companies below.

Understand that those prices are averaged across all drivers and vehicles and are not factoring in a rate increase for drivers requiring a SR22. So the insurer that has the cheapest price for you may not even be featured in the list above. That emphasizes why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

When shopping for the cheapest auto insurance for high risk drivers, one of the many factors that auto insurance companies use to calculate rate quotes is where you live in Mississippi. Areas with high crime rates or more dense population like Clarksdale, Clinton, and Jackson tend to pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of the cheapest car insurance for drivers requiring a SR22 in Mississippi.

The following table sorts the most expensive areas in Mississippi for drivers requiring a SR22 in which to purchase auto insurance.

Table data uses comparative as the specific garaging location can decrease or increase premium rates substantially.

Full coverage or liability only

Finding the cheapest car insurance for drivers requiring a SR22 in Mississippi is probably important to the majority of drivers, and one of the easiest ways to find cheaper insurance is to buy liability only. The diagram below shows the difference between auto insurance costs with full phyical damage coverage and with liability coverage only. The price estimates are based on no violations or claims, $100 deductibles, drivers are not married, and no other discounts are factored in.

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If we average all the age groups together, physical damage coverage costs an additional $1,849 per year over and above liability only. Many of you may wonder if buying full coverage is worth the money. There is no clear-cut formula of when to stop paying for physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is more than around 10% of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s say your vehicle’s replacement cost is $5,500 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $4,500 after the policy deductible has been paid. If you are paying over $450 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

Ending up with the top company can be a challenge considering how many companies there are to choose from in Mississippi. The company rank data listed below could help you choose which auto insurers to look at putting your business with.

These rankings only include companies that write coverage in many states, so smaller companies that only insure vehicles in Mississippi are not included in these rankings. To get price quotes from the insurers below and more, click this link.

Top 10 Large Auto Insurance Providers in Mississippi Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Nationwide – 89%
5. Travelers – 88%
6. Progressive – 88%
7. Safeco Insurance – 88%
8. State Farm – 88%
9. Allstate – 88%
10. The Hartford – 87%

Top 10 Large Auto Insurance Providers in Mississippi Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

Tips for finding more affordable insurance for drivers requiring a SR22

The list below shows a few thrifty solutions that can help Mississippi drivers quote the cheapest car insurance.

• Pay cheaper rates with good credit scores
• Buy a vehicle with excellent safety ratings
• Having too many claims will increase rates substantially
• Remove physical damage coverage on older vehicles
• Save money by bundling your home and auto policies
• Raise physical damage deductibles
• Comparison shop at least every other year

The last idea is extraordinarily important, as we stressed in this article. Coverage rates can change in a short period of time, so drivers shouldn’t be resistant to buy a different policy if a lower-cost policy is available. Staying with the same car insurance company is fine, but is isn’t recommended if that faithfulness ends up costing you thousands of dollars over the life of your policy. In less than five minutes you could compare rates and find cheaper insurance for drivers requiring a SR22.