Mississippi home insurance

Every figure below is sourced and dated. Estimates only — not quotes, and not offers of coverage.

Home insurance premium estimator

What homeowners insurance costs in your state, and whether what you pay is out of line.

Is your dwelling coverage actually enough to rebuild — and what a shortfall costs at claim time.

What a higher deductible really saves, how long it takes to pay off, and what a storm deductible actually costs.

Did your renewal go up more than premiums did across your state — and what to do about it.

All six limits on your policy against what the standard form and regulators say to expect — including the liability limit nobody looks at.

Average premium: $3,218/ yr; At $300,000 of dwelling coverage.
Standard deductible: $1,000; Applies to everyday claims.
Storm deductible — separate, and much larger: $6,000(2% of coverage); What you would pay out of pocket on $300,000 of coverage before a storm claim pays anything — not the $1,000 above.
Insurer of last resort: Mississippi Residential Property Insurance Underwriting Association (FAIR Plan) and Mississippi Windstorm Underwriting Association (coastal wind pool); Mississippi runs two separate residual markets and which one a homeowner needs depends on where they live and which peril they cannot place. MRPIUA is the statewide FAIR Plan, writing eligible dwellings in all Mississippi counties for fire and extended coverage -- but it deliberately EXCLUDES wind and hail on any location in Hancock, Harrison and Jackson counties, because those three coastal counties are MWUA's territory. MWUA, created by House Bill 274 of the 1987 legislative session, exists solely to make windstorm and hail insurance available in the coastal area; a coastal homeowner therefore typically ends up with a stack of separate policies -- an ex-wind homeowners policy, a wind policy from MWUA or a surplus-lines carrier, and NFIP or private flood. Both plans are administered together at msplans.com. Six coastal counties (Hancock, Harrison, Jackson, Pearl River, Stone and George) are where separate windstorm coverage is commonly required by lenders and state programs.