Mississippi variant. This is a Mississippi-specific version of the Homeowners Insurance Estimator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Homeowners Insurance Estimator.
Homeowners insurance in Mississippi typically runs about 0.30%–0.40% of home value per year. On the $175,000 median home, that's roughly $613 annually.
What Mississippi homeowners insurance covers
Premiums fund dwelling coverage, personal property, liability, and loss of use. Mississippi's $175,000 median home value sets the baseline dwelling coverage and therefore the premium.
Local risk - wildfire, hurricane, hail, flood - drives big swings. Flood is separately insured. Use the estimator to refine the Mississippi average for your build cost and deductible.
About taxes and housing in Mississippi
Mississippi has moved to a flat income tax and exempts the first portion of income from taxation.
Mississippi has the lowest median home prices in the country along with below-average property taxes.
Mississippi has one of the lowest costs of living in the nation, with an economy based on agriculture, manufacturing, and casino tourism along the Gulf Coast.
Worked example: $175,000 home
$175,000 × 0.35% ≈ $613/year ($51/month). Replacement-cost coverage, not market value, ultimately sets the premium - land value is excluded.
Quick reference
- State income tax: Flat 4.7% (down from 5%, decreasing further)
- State sales tax: 7% (plus 0.06% avg local)
- Median home value: $175,000
- Median household income: $52,985
- Effective property tax rate: 0.65%
- Avg auto insurance: $1,773/yr
Frequently Asked Questions
How much is homeowners insurance in Mississippi?
Roughly $613/year on the $175,000 median home, varying with local catastrophe risk.
Does homeowners insurance cover floods in Mississippi?
No - flood coverage is purchased separately through the NFIP or private insurers.