Mississippi Car Insurance

Mississippi Car Insurance Laws

Mississippi has more uninsured drivers than any other state, according to the Insurance Research Council, with 28 percent of its motorists going without coverage.

If you are one of the 72 percent of Mississippi drivers who carry the required liability insurance, you should also consider uninsured motorist coverage as part of your policy. Your insurance company is required to offer it to you, but you can reject it. We don't think you should, especially if you do not have health insurance of your own.

Your insurance company also must offer you uninsured motorist property damage, but you can reject it.

We think collision coverage is a better buy than uninsured motorist property damage because it covers your car no matter who is at fault for the damage. It's more expensive but probably worth the cost for a car you can't afford to replace.

You shouldn't skip comprehensive coverage. Mississippi is especially susceptible to floods, tornadoes and hurricanes, and only comprehensive coverage will pay for the damage they inflict.

Insurance not needed for registration: Proof of auto insurance isn't required when registering a vehicle, but Mississippi's compulsory auto liability insurance law does require an insurance card showing required coverages are in place to be in the vehicle at all times.

Alternatives to insurance: Instead of a obtaining a car insurance policy, you legally satisfy Mississippi law by posting a bond, or making a cash or security deposit in an amount equal to the minimum insurance requirements.

Safety inspections: Mississippi is one of the few states still requiring an annual safety inspection. An inspection and windshield sticker costs $5.

Uninsured motorist penalties for Mississippi: If caught driving without insurance in Mississippi, you may be fined $500 to $1000 and your license may be suspended.

Proof of insurance via smartphone: Mississippi law allows drivers to show electronic proof of insurance during a traffic stop. Thirty-one states total allow this.

Largest car insurance companies for Mississippi by market share

Rank Direct Premiums Written ($) Market Share (%) 1 2 3 4 5 6 7 8 9 10 Source: A.M. Best market share Rankings are based on direct premiums written in 2013.
Company / Group
State Farm Group 391,831 26.02
Southern Farm Bureau Cas Group 188,602 12.53
Progressive Insurance Group 148,752 9.88
Allstate Insurance Group 144,807 9.62
Berkshire Hathaway Insurance 85,090 5.65
Nationwide Group 82,967 5.51
USAA Group 69,650 4.63
Alfa Insurance Group 55,223 3.67
Liberty Mutual Insurance Companies 54,922 3.65
Shelter Insurance Companies 39,990 2.66

Category: Auto Insurance

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