state of Mississippi

From the Delta to the Gulf of Mexico, Mississippi is a state rich in agriculture and forestry. Equally rich is the state’s culture, cuisine, and incredible contributions to American music. It’s a rural state with many lovely drives to enjoy. Unfortunately, it’s also one of the deadliest places to drive, with more fatal car accidents per capita than every other state except Wyoming. That means you need to drive safely - and never hit the road without car insurance.

State law requires that all motorists carry a liability policy at all times while operating their vehicles. Luckily, people driving in the Magnolia State tend to pay less for car insurance than the national average. But that doesn’t mean you should settle for the first policy you come across. There are a lot of car insurance companies to choose from, and none of them has the best rate for everyone. The best practice is to compare insurance premiums from as many different service providers as possible to make sure you get the policy that makes the most sense for you.

But before you start comparing car insurance premiums, you need to know what you’re looking at. So what is the minimum coverage you need? And is it enough for you? What other policies should you consider?

Minimum coverage requirements

Mississippi car insurance laws state that drivers must maintain the minimum liability requirements at all times while occupying the roadways. These policies consist of two parts - Bodily Injury and Property Damage. Here are the minimums required by law:

  • $25,000 Bodily Injury Liability per person to pay medical bills of someone you injure in an at-fault accident.
  • $50,000 Bodily Injury Liability per accident when multiple people are injured.
  • $25,000 Property Damage Liability to pay for damages to another vehicle or any standing structure or stationary object you hit.

Failure to maintain a policy can result in a fine of $1000 and suspension of driving privileges for one year or until proof of insurance is shown. It also means a hike in your rates when you do get coverage. You are required to carry proof of insurance in your vehicle at all times, though a picture on your phone or other electronic proof is acceptable.

Liability insurance is only designed to help you meet your financial responsibility in an accident. It will not pay medical bills for you or your passengers when you’re in an at-fault accident, nor will it cover property damage to your vehicle. It’s also worth noting that you can quickly exceed bodily injury minimums in a serious accident where multiple people are hospitalized. The same holds true for your property damage liability coverage—expensive cars cost a lot more to repair.

Raising your limits and adding additional policies will cost you more money, but it can save you thousands of dollars in a serious accident. If you’re in no position to pay for repairs on multiple cars and medical bills on top of that, protect your finances and opt for more coverage.

Other policies to consider

There are several other kinds of coverage worth adding to your insurance policy that will help you whether or not you’re at fault in an accident - but they each only apply in certain circumstances. We’ll go over the advantages of each, and reasons you might consider skipping them.

Collision and Comprehensive

These two policies are generally sold together as “Full coverage” policies and are required by your lender if you are still paying off your vehicle. Collision insurance will pay to repair your vehicle when you’re in an accident, whether or not you’re at fault, once you meet your deductible.

Comprehensive will cover damages to your vehicle outside of human control, which includes damages from fire, flood, hail, and falling tree limbs. It will also help you pay to repair or replace your vehicle if it is stolen or vandalized.

If you own your car outright and it’s not worth very much money, then collision Insurance may not be worth it. Do the math. If a year’s worth of coverage costs half as much as your car is worth, it may not be worth the investment - but it’s still worth considering.

Uninsured and Underinsured Motorist Coverage

This policy looks a lot like your liability coverage. It’s also divided into bodily injury and property damage, but it pays for your and your passengers’ medical expenses and repairs to your vehicle, rather than damages you are liable for. However, it only applies if an uninsured motorist hits you, or if the costs exceed the liability limits of the at-fault driver.

This coverage is generally cheaper to add to your insurance policy than Collision and Comprehensive, and there is some overlap in what they pay for. If you already have full coverage, you might consider skipping this coverage, but it can make a big difference if you don’t opt for collision and comprehensive. Note that if you don’t have high-quality health insurance, the bodily injury coverage on this policy can be crucial for your finances.

Medical Payments (MedPay)

This policy will pay for medical expenses when you or your passengers are injured in a car accident. This is considered a kind of no-fault insurance, so it doesn’t matter who caused the accident—your medical bills are covered. However, in some cases, your insurance company will have the right to reimbursement.

Though the limits on this policy are usually fairly low, this insurance is helpful if you have a high deductible on your health insurance, so you can get the treatment you need without going into debt. But if you already have fairly good health insurance, it may not be worth the extra cost.

Finding cheap car insurance in Mississippi

Car insurance companies base their rates on a variety of personal factors, as well as the kind of car you drive and how much you drive it. The higher the risk they consider you, the more they will charge. But the process is different for every company, so your quotes may vary by hundreds of dollars from one company to another.

The most important step to finding a good deal on car insurance in Mississippi is to compare car insurance quotes from as many different companies as possible. Once you find a few companies with rates favorable to you, you can try experimenting with different maximum limits and additional coverages until you find the policy with the best value.

But that doesn’t mean you should skip the coverage you need to find a better deal. If you can’t afford the cost of a car accident with your insurance policy, then you’re wasting your money. Accidents can happen to anyone, no matter how hard you try to avoid them - and if you’re not prepared, your finances could take years to recover.

You should take advantage of as many discounts as you can. Some common discounts offered by providers are:

  • Safe driving
  • Homeowner discount
  • Good student (“B” grade point average or higher)
  • Completion of a safe driver course
  • Safety equipment (airbags, anti-lock brakes, automatic seatbelts, etc.)
  • Anti-theft devices (low-jack, alarms, etc.)
  • Multi-car discount
  • Paid-in-full discount

Finding the best price on car insurance is essential, but you want to make sure your company has the financial strength and stability to back you in case of an accident. You also want to make sure their customers leave favorable reviews. It doesn’t matter how cheap the policy is if you have to struggle to get a fair payout.

The bottom line

Finding and comparing car insurance quotes is the only way to ensure you get the best policy for your dollars. And it’s a lot easier now that you can get quotes from multiple companies without having to call around or leave your house.

Onlineautoinsurance.com can get the help you get started in moments. All you have to do is answer some personal questions about yourself and your vehicle, and you can begin comparing rates from service providers in your area. Once you’ve found the policy that’s right for you, you can buy online and print proof of insurance in minutes.

Even if you already have car insurance, switching providers can save you hundreds of dollars a year. So what are you waiting for?