Cheapest Auto Insurance Quotes for a School Permit in Mississippi

The words “economical” and “insurance” probably shouldn’t be used in the same sentence, especially when trying to find the best price on coverage for a school permit. Because it’s so expensive, let’s get started by showing you a few of the factors that significantly impact car insurance prices, and figure out some ideas to lower the cost of the next policy you buy.

We all have different tastes in cars, and the vehicle that is being insured is one of the largest factors when shopping for economical insurance for a school permit. Vehicles with economical engines, advanced safety features, or a low likelihood of liability claims will cost much less to insure than higher performance models.

The data below outlines auto insurance prices for a handful of the most cost-effective vehicles to insure.

Table data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Mississippi minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in specific location which can lower or raise prices substantially.

Data based on single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Mississippi minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in specific garaging location which can impact coverage rates noticeably.

Data based on single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Mississippi minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in vehicle location which can influence auto insurance rates considerably.

One of the many things that is used by car insurance companies to determine the policy price is where your residence is in Mississippi. Cities that have higher claim levels or more people like Natchez, Biloxi, and Pascagoula tend to pay higher rates, whereas areas with less traffic congestion and claims have the luxury of lower rates.

The next table sorts the most costly cities in Mississippi for a school permit in which to buy car insurance.

Rates are approximated as the garaging address in Mississippi can revise price quotes substantially.

Finding reliable, low-cost auto insurance is not the easiest thing to do, and deciding which company quotes the lowest-priced insurance rates for a school permit requires even more diligence. Coverage prices will more than likely be significantly higher than the average rate in Mississippi, with the extra cost attributed to the higher likelihood of claims that goes along with offering insurance for a learners permit, but competitively-priced coverage should be available with some perseverence. Each insurer uses a little different formula for determining prices, so first let’s look at the rankings for the lowest cost insurance companies in Mississippi.

It’s important to understand that Mississippi insurance rates are impacted by many factors which can substantially change the price you have to pay for coverage. Simply getting older, increasing deductibles, or getting a DUI can trigger changes in premium resulting in some rates now being more affordable than competitors.

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USAA may offer some of the most affordable car insurance rates in Mississippi at around $839 per year. Travelers, Unitrin, Direct General, and ALFA also qualify as some of the cheaper Mississippi auto insurance companies.

In the above rates, if you currently have a policy with Direct General and switched to Travelers, you could realize annual savings of in the vicinity of $258. Policyholders with ALFA could save as much as $330 a year, and Safeway policyholders might lower prices by $423 a year.

To see if your current coverage is too expensive, click here to start your free quote or quote prices from the following companies.

Be aware that those policy rates are averages across all ages of drivers and types of vehicles and are not factoring in a rate increase for a school permit. So the insurer that has the lowest price for you may not even be in the list above. That emphasizes why you need to get rate quotes using your own driver and vehicle profiles.

The chart below shows how choosing a deductible can change insurance costs when getting quotes for cheap insurance for a school permit. The premium estimates are based on a married female driver, full coverage, and no policy discounts are applied.

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The data above shows that a 40-year-old driver could lower their policy premium by $296 a year by switching from a $100 deductible to a $500 deductible, or save $446 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old example, could save $736 each year just by choosing higher deductibles. When increasing deductibles, it is essential to have enough funds in savings to allow you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Full coverage versus liability only rates

Finding the cheapest auto insurance for a school permit in Mississippi is important to the majority of drivers, and one common way to find cheaper insurance is to buy liability only. The diagram below illustrates the difference between insurance costs when comparing full coverage to liability only. The rates are based on no claims or driving citations, $250 deductibles, single status, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 3945,1291],[‘Age 30’, 2047,709],[‘Age 40’, 2023,657],[‘Age 50’, 1841,615],[‘Age 60’, 1783,605],[‘Age 70’, 2169,807]]);var options = {title: ‘Full Coverage and Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Mississippi’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

On average, comprehensive and collision coverage on your policy costs an additional $2,301 per year more than insuring for liability only. A very common question is if buying full coverage is worth the expense. There is no clear-cut formula of when to eliminate comp and collision coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

There are some cases where buying only liability insurance is not financially feasible. If you still have a loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not opt for liability only.

Who has the cheapest insurance quotes for a learners permit?

There are a variety of different ways to shop for and buy insurance in Mississippi, but the most popular methods are from an independent or non-exclusive agent, a captive (or exclusive) agency such as State Farm or Allstate, or direct from companies such as Geico or Progressive. Each way is similar, but it’s important to understand the differences in how they provide rate quotes.

Independent agents write business for many companies and can get policy pricing from each one. These types of agencies will compare multiple rates, which can help you get better odds of saving money. If you are not satisfied with one company, they simply move your policy to a different company which makes it simple for you.

An exclusive agent is only able to give rates for just one company, two examples being Allstate or Farmers Insurance agents. Exclusive agents generally are unable to quote rates from more than one company, which will not provide a complete price comparison.

Buying from a direct company means skip local agents and instead shop from a direct company like Progressive or Geico. Shopping direct may be good for consumers who do not need risk management and have an above average understanding of how their policy works.

Which way works best to buy the cheapest auto insurance for a school permit in Mississippi? It would be premature to say buying direct results in the cheapest rates since there is no need to pay agent commissions, but that turns out to not be true. And we’d like to say going through an independent agent guarantees the cheapest rates since there are more companies to choose from, but again, it’s not necessarily true. In many cases, exclusive agencies have very competitive rates that cannot be met by either independent or direct companies.

Since insurance companies use so many rating factors, the only real way to ensure the lowest rates is to obtain price quotes and compare them. Put in the effort to get price quotes from independent, exclusive, and direct to have the best rate selection. For a list of insurance companies with low rates, click here to view.

How to find cheaper insurance for a school permit

The list below summarizes some of the recommended thrifty solutions that can help you quote cheaper auto insurance.

• Bundle car and home insurance and save money
• Increase your comprehensive and collision deductibles
• Frequent claims may make car insurance unaffordable
• Prevent price hikes by avoiding at-fault accidents
• Higher credit ratings may save you money
• Do not get traffic tickets
• Shop around for cheaper prices

That last tip is particularly critical, as was emphasized in the prior article. Rates go up and down frequently, so don’t be unwilling to buy from a different company if you can save money. Loyalty to a specific company is fine, but we do not recommend it if that devotedness results in you overpaying several hundred dollars every year. In just a few minutes you could compare prices to find cheaper auto insurance for a school permit.