Mississippi Insurance Requirements & Rates

Mississippi requires minimum liability coverage of 25/50/25 (bodily injury per person / per accident / property damage). Mississippi is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is not required but recommended.

Mississippi homeowners face risks from hurricanes, tornadoes, flooding, severe thunderstorms. The flood risk level is high and earthquake risk is low. Standard deductibles apply. The average annual home insurance premium is $4,131.

Mississippi requires all motorcycle riders to wear helmets. Lane splitting is not legal. The riding season is year-round.

Yes, workers' compensation insurance is required in Mississippi. Businesses with fewer than 5 employees exempt. Mississippi has approximately 280,000 small businesses, with top industries including Agriculture, Manufacturing, Shipbuilding.

No, Mississippi has not expanded Medicaid. The state uses the federal marketplace at healthcare.gov. The uninsured rate is 12.3%.

Yes, landlords in Mississippi can require tenants to carry renters insurance as a condition of the lease. About 32% of Mississippi residents are renters, with average monthly rent of $825.

Mississippi has an uninsured motorist rate of 29.4%, which is above the national average. Factors include hurricane and tropical storm exposure along the gulf coast. Although uninsured motorist coverage is not required, it is strongly recommended.

With a median household income of $48,610, most Mississippi families should consider 10-12x their annual income in life insurance coverage. Mississippi has below-average life expectancy, making adequate coverage especially important. Currently, 42% of Mississippi households have life insurance.