How Much Does Auto Insurance Cost for First-time Drivers in Mississippi?

The vehicle you are buying coverage for is one of the biggest factors when shopping around for cheap insurance for first-time drivers in Mississippi. Vehicles with economical engines, good crash test ratings, or a low likelihood of liability claims will cost less to insure than adrenaline junky models.

The next tables estimates coverage premiums for a selection of the most budget-friendly vehicles to buy insurance for.

Prices based on single female driver age 16, no speeding tickets, no at-fault accidents, $1000 deductibles, and Mississippi minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in vehicle garaging location which can lower or raise price quotes considerably.

Above prices assume single female driver age 16, no speeding tickets, no at-fault accidents, $1000 deductibles, and Mississippi minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in specific Mississippi garaging location which can lower or raise insurance rates greatly.

Data based on single female driver age 16, no speeding tickets, no at-fault accidents, $1000 deductibles, and Mississippi minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in specific location information which can modify rates substantially.

When shopping for insurance for new drivers, one of the many criteria used to determine the price of your policy is where you keep your car in Mississippi. Areas that are densely populated or have higher claim frequency like Natchez, Clarksdale, and Gulfport tend to have more expensive car insurance rates, whereas areas with less traffic congestion and claims get the luxury of paying less.

The following table shows the priciest cities in Mississippi for first-time drivers to buy auto insurance in.

Annual rates are estimated as the specific area where the vehicle is garaged can raise or lower rates considerably.

Full coverage rates compared to liability-only

Finding cheap insurance for first-time drivers in Mississippi is the goal of most people, and a good way to reduce the cost of insurance is to buy liability only. The diagram below illustrates the difference between insurance prices with full coverage compared to only the Mississippi minimum liability coverage. Data assumes no claims or violations, $500 deductibles, single marital status, and no discounts are applied.

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If averaged out across all ages, physical damage coverage costs an additional $1,521 per year more than buying just liability insurance. Lot’s of drivers question if paying for full coverage is worth it. There is no clear-cut formula of when to phase out comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

For example, let’s say your vehicle’s claim settlement value is $12,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $11,000 after paying the physical damage deductible. If you are paying more than $1,100 annually for full coverage, then it might be time to buy liability only.

Cheapest car insurance: Allstate, Geico, State Farm, or Progressive

When it comes to auto insurance, the four most popular companies are Allstate, Geico, State Farm, and Progressive. The following table ranks some of the different options that you can purchase from each one.

How to get cheap insurance for first-time drivers in Mississippi

Below you’ll find many thrifty suggestions that can help Mississippi drivers get cheap coverage.

• Raise deductibles
• Pay cheaper rates with good credit scores
• Avoid accidents and claims
• Try to remain claim-free
• Serious violations like DUI or reckless driving can increase rates dramatically
• Buying home and auto insurance together can earn discounts
• Shop around once a year for cheaper rates

The final tip is especially critical, as we hit on in the prior article. Coverage prices go up and down frequently, so don’t hesitate to change insurance companies if a better deal can be had.

Having brand loyalty is commendable, but it’s not recommended if that loyalty ends up costing potentially thousands of dollars a year. It only takes a couple minutes to compare prices and find cheaper insurance for first-time drivers.