How Much is Car Insurance for High Mileage Drivers in Mississippi?

The safety and performance level of the vehicle that needs insurance is one of the biggest factors when quoting cheap insurance for high mileage drivers in Mississippi. Vehicles with limited top-end speed, excellent safety ratings, or low incidents of liability claims will cost less to insure than high performance models.

The next lists estimates coverage prices for a selection of the most affordable automobiles to buy coverage for.

Data rating is based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Mississippi minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Rate information does not factor in specific location information which can influence prices greatly.

Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Mississippi minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rate information does not factor in Mississippi location which can change insurance rates considerably.

Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Mississippi minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Price information does not factor in vehicle garaging location which can revise insurance rates significantly.

When buying auto insurance for high mileage drivers, one of the key considerations that auto insurance companies use when figuring the amount you pay each year for auto insurance is your address in Mississippi. Areas with more people like Natchez, Biloxi, and Clinton tend to pay higher rates, whereas areas with less people or fewer weather incidents get the luxury of paying less.

The following table lists the higher priced cities in Mississippi for high mileage drivers to purchase a policy in.

Rate information is estimated as the specific area where the vehicle is garaged can affect insurance rates greatly.

Deciding which company quotes the lowest-priced auto insurance rates for high mileage drivers involves a bit more work than just picking a company at random.

Every insurance company uses their own method for filing rates in each state, so we’ll go over the most affordable auto insurance companies in Mississippi.

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USAA quotes some of the cheapest car insurance rates in Mississippi at around $831 each year. Travelers, Unitrin, Direct General, and ALFA would also be considered some of the best Mississippi insurance companies.

In the above example, if you are a customer of ALFA and switched to Travelers, you could see an annual premium reduction of about $361. Drivers with Southern Farm Bureau might save as much as $406 a year, and Safeway insureds might lower prices by up to $413 a year.

To see if you’re overpaying, click here to start your free quote or click several companies below for low rates.

Understand that those premiums are averaged for all drivers and vehicles in Mississippi and are not factoring in a rate discount for high mileage drivers. So the company that fits your needs best may not even be included in the company chart above. That emphasizes why you need to get rate quotes from many companies using your own individual information.

Full coverage rates vs. liability-only in Mississippi

Finding cheap insurance for high mileage drivers in Mississippi should be important to most drivers, and one common way to save on the cost of insurance is to only buy liability coverage. The information below compares insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Mississippi. The data is based on no tickets, no at-fault accidents, $100 deductibles, single marital status, and no discounts are factored in.

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Averaged for all age groups, physical damage coverage costs an extra $2,474 per year over liability only. That brings up the question if you should buy full coverage. There is no set rule to stop buying comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

There are a few situations where dropping full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

How violations and accidents impact rates

The common sense way to maintain low auto insurance premiums in Mississippi for high mileage drivers is to drive safely and not get tickets or have accidents. The diagram below illustrates how violations and fender-benders influence insurance prices for different insured age categories. The rate quotes are based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 1867,2081,2679],[‘Age 30’, 1307,1521,2119],[‘Age 40’, 1293,1507,2105],[‘Age 50’, 1137,1349,1947],[‘Age 60’, 1083,1295,1893],[‘Age 70’, 1161,1377,1971]]);var options = {title: ‘Impact of Tickets and Accidents on Mississippi Auto Insurance Cost’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],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);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the chart above, the average cost of car insurance in Mississippi per year with no accidents or violations is $1,308. Get one speeding ticket and the average cost increases to $1,522, an increase of $214 each year. Now get one accident along with the one speeding ticket and the annual cost of auto insurance for high mileage drivers increases to an average of $2,119. That’s an increase of $811, or $68 per month, just for not being a responsible driver!