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Car Insurance
Madison MS
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(888) 291-7830
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Written by: Andrew Brown
Quality Checked by: Samantha Reed
Mississippi is often cited as having some of the most expensive car insurance rates in the nation. This is due to a variety of factors, including an abundance of uninsured drivers and high accident rates. Mississippi also has rigorous state laws that require drivers to carry certain levels of coverage, which can lead to higher premiums. Additionally, Mississippi has a higher amount of rural roads than other states, which can make driving more dangerous and cause insurers to raise their rates accordingly. All these factors combine to create sky-high auto insurance costs in Madison.Fortunately, there are ways for Mississippi residents to save on car insurance by exploring different coverage options and shopping around for the best deals.
| Age of Driver | Insurance Cost |
|---|---|
| Teens | $5,799 |
| 20 Years | $2,296 |
| 30 Years | $1,769 |
| 40 Years | $1,702 |
| 50 Years | $1,576 |
| 60 Years | $1,598 |
| 70 Years | $1,860 |
Whether you're a young person just starting to drive, or an older driver who's been on the road for years, Madison offers competitive rates that can fit most budgets. Under Mississippi law, car insurance companies must provide coverage to drivers of any age. However, premiums are usually higher for teenage drivers and those under 25 due to their lack of experience behind the wheel. Mississippi also requires all drivers to carry liability insurance in order to be able to operate a vehicle legally within the state. This type of policy covers damages caused by your car if you're at fault in an accident, but it does not cover damage done to your own vehicle or medical costs incurred as a result of an accident.
The good news is that Madison has a variety of discounts available to help young and older drivers keep their auto insurance rates low. These include good driver discounts, multi-car discounts, and other incentive-based rate reductions. Mississippi also offers lower rates for vehicles with extra safety features such as anti-theft devices or airbags. Age is an important factor when it comes to car insurance premiums in Mississippi. Drivers aged 18-25 may pay higher premiums than more experienced drivers due to the risk associated with inexperienced or reckless driving behaviors.
Older drivers in Madison can often save money on their policy by taking advantage of senior citizen discounts offered by some insurers. Mississippi does not have any age restrictions for auto insurance coverage, so no matter what your age you should be able to find a policy that fits your budget and meets your needs. Mississippi also allows drivers to choose from a variety of payment plans, so you can pick the one that works best for you. Whether you're young or old, Mississippi provides a range of car insurance options that can help keep your premiums low while still providing adequate coverage.
|
| USAA | State Farm | Geico | Progressive | Allstate |
| NAIC Market Share | 6.01% | 16.14% | 13.45% | 13.45% | 9.33% |
| S&P Global Ratings | AA+ | AA | AA+ | A | A- |
| Average Full Coverage Yearly Premium | $816 | $1,359 | $1,463 | $1,637 | $1,864 |
| Discount Rating | 5 stars | 5 stars | 5 stars | 5 stars | 5 stars |
|
| USAA | State Farm | Geico | Progressive | Allstate |
| NAIC Market Share | 6.01% | 16.14% | 13.45% | 13.45% | 9.33% |
| S&P Global Ratings | AA+ | AA | AA+ | A | A- |
| Average Full Coverage Yearly Premium | $816 | $1,359 | $1,463 | $1,637 | $1,864 |
| Discount Rating | 5 stars | 5 stars | 5 stars | 5 stars | 5 stars |
|
| USAA | State Farm | Geico | Progressive | Allstate |
| NAIC Market Share | 6.01% | 16.14% | 13.45% | 13.45% | 9.33% |
| S&P Global Ratings | AA+ | AA | AA+ | A | A- |
| Average Full Coverage Yearly Premium | $816 | $1,359 | $1,463 | $1,637 | $1,864 |
| Discount Rating | 5 stars | 5 stars | 5 stars | 5 stars | 5 stars |
2085 Main St, Madison, MS 39110
(601) 898-2640
https://www.shelterinsurance.com/CA/agent/DAVIDTHAMES
1029 US-51, Madison, MS 39110
(601) 853-7118
No website found
7738 Old Canton Rd B, Madison, MS 39110
(601) 856-3681
http://rustyhealyinsuranceagency.com/
150 Fountains Blvd Ste C, Madison, MS 39110
(601) 707-9434
https://agents.allstate.com/amy-edwards-madison-ms.html
950 Hwy 51 N, Ste D, Madison, MS 39110
(601) 856-9555
https://www.shelterinsurance.com/CA/agent/STEVETHOMAS
587 US-51 Ste L, Ridgeland, MS 39157
(601) 856-2794
https://www.shelterinsurance.com/CA/agent/DMCCOMBS
When it comes time to shop for car insurance, Madison drivers have access to a variety of providers. It's important to compare quotes from different companies in order to find the best rate and coverage options. Mississippi requires all drivers to carry liability insurance and most insurers offer additional policies such as collision, comprehensive, and uninsured/underinsured motorist coverage. Mississippi law also allows drivers to purchase higher limits of liability coverage if they choose.
| Driving Infraction Type | Average Annual Premium | Potential Quote Savings |
| DUI | $3718 | $996 |
| Reckless Driving | $3560 | $959 |
| Wrong Way/Wrong Lane | $3077 | $942 |
| Driving on Sus. License | $2974 | $926 |
| Illegal Turn | $2548 | $900 |
| Failure to Obey Traffic Sign | $2242 | $878 |
| Speeding over 15 | $2175 | $833 |
| Defective Equipment | $1865 | $633 |
| Speeding under 15 | $1874 | $640 |
Driving infractions can cause Madison insurance premiums to increase in a variety of ways. Mississippi is one of the many states that uses an “at-fault” system for insurance, which means that any driver who causes an accident or violation can be held financially responsible for damages and injury claims. Even a simple traffic ticket like running a stop sign or speeding can have a significant impact on your Mississippi car insurance rates.
The number of points assessed after an infraction will depend on the severity of the violation. In Madison, minor violations like moving violations such as failing to yield or speed are given 1 point each, while more serious offenses like drunk driving, hit & run accidents and vehicular homicide are assigned 4 points each. As these points accumulate, drivers will likely see their Mississippi insurance premiums increase.
The more serious the violation, the longer it will remain on a Madison driver’s record. Violations like driving without insurance or a valid license can stay on a driver’s record for five years, while violations like reckless driving and leaving the scene of an accident could remain on the Mississippi record for as long as seven years. During this time period, Mississippi drivers are likely to experience higher car insurance costs.
| Credit Rating | Average Rate |
| Average of All Credit Ratings | $1832 |
| Below Fair | $2608 |
| Poor | $2833 |
| Worst | $3110 |
When Madison drivers look for the most affordable car insurance quotes, their credit score is often taken into account. This is because insurers use credit scores as a way to assess risk and determine how likely you are to file a claim in the future. Mississippi drivers with better credit generally get more favorable rates. However, Mississippi does have laws that protect consumers and limit how much-credit based factors can affect insurance premiums. Drivers with bad or limited credit should still be able to find an affordable Mississippi auto policy if they do some research and shop around for quotes from different insurers.
When purchasing a vehicle, Madison residents should take into account the total monthly cost of their new car. This includes not only the price of the vehicle itself, but also factors like gas, insurance, taxes and registration fees. Mississippi law requires all vehicles to be insured at all times so make sure you factor in the cost of insurance when making your final decision. Also, Mississippi has a very strict emissions testing program that may require significant repair costs if your vehicle does not meet standards. Don't forget to budget for those costs as well when deciding on whether or not you can afford a particular car or truck. Doing your homework ahead of time will help ensure you buy the right car for you and your budget.
Compare vehicle costs and car insurance rates across various cities within your state, such as the following 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 in order to gain a more comprehensive understanding of the average costs and potential savings. By doing so, you can identify any discrepancies between total costs and better evaluate your current vehicle purchase and insurance plan. This can also provide insight into factors that may affect total costs, such as local crime rates, population density, and frequency of natural disasters.
Mississippi also has specific insurance requirements when it comes to car ownership. Madison drivers must carry liability only insurance, which covers the expenses of another driver if you are found at fault in an accident. If you have a loan on your vehicle, however, your lender may require that you purchase full coverage insurance, which provides additional protection for damage or theft of your own vehicle. This could increase your monthly payment significantly, so make sure to factor this into your budget when deciding whether or not to buy a new car.
Madison residents should be mindful of their overall budget when looking to purchase a vehicle. Make sure that the total monthly cost does not exceed what you can afford and remember to account for all expenses associated with owning a vehicle. Mississippi law requires all drivers to be insured and emissions tests may need to be performed, so don’t forget to factor those costs into your budget as well. Taking the time to prepare for these expenses ahead of time can help you get the most out of your car purchase.
Madison drivers must meet certain minimum auto insurance requirements. Mississippi requires that liability insurance cover at least $25,000 per person and $50,000 per accident for bodily injury and $25,000 for property damage. Mississippi also requires that uninsured motorists coverage be purchased which can provide financial protection in the event of an accident with an uninsured motorist. Make sure to purchase enough coverage to satisfy Mississippi's minimum requirements in order to stay compliant with state law.
Madison also offers non-owner car insurance for drivers who do not own a vehicle. Non-owner car insurance provides financial protection in the event of an accident while you are operating someone else’s vehicle. This type of policy may be necessary if you frequently rent or borrow vehicles, so make sure to look into this coverage option before making your final purchase decision. Mississippi law requires all drivers to have some form of auto insurance and non-owner policies can help satisfy these requirements without having to buy an actual vehicle.
Madison residents have access to a wide range of car insurance discounts. Many Mississippi-based companies offer discounts for safe driving, good grades, and a variety of other reasons. Mississippi drivers may also qualify for additional discounts based on their age, marital status, or occupation. Additionally, Mississippi drivers may be eligible for military and veteran discounts as well as insurance bundles that can help lower the cost of coverage even further. By taking advantage of these opportunities to save money on car insurance premiums, Mississippi drivers can often find great deals on the coverage they need. With so many different options available it is important to compare multiple providers in order to find the best deal possible. Before signing up with an insurer, Mississippi drivers should make sure they understand exactly what coverages and discounts are included in the policy. Doing research beforehand can help Mississippi drivers save money on car insurance while still getting the coverage they need.
Mississippi law requires all drivers, including teens and young adults, to have the minimum amount of car insurance coverage. Mississippi auto insurers offer special discounts for teen drivers to help make insurance more affordable. These discounts are usually based on the driver’s grades in school and their driving record. Madison parents should also consider getting a multi-car policy which can lower the premiums for all vehicles on the policy.
Madison in Mississippi may have access to some of the same car insurance discounts as teens and young adults. Mississippi-based insurers often offer discounts for seniors based on age, driving record, and other factors. Additionally, Mississippi residents over 65 may qualify for a discount if they complete an approved safe driver course. Mississippi seniors should compare multiple insurance providers before settling on one policy so that they can get the best coverage at the lowest price. With careful research, Mississippi seniors can find affordable car insurance with all the necessary coverages included.
Madison residents who are active military members or veterans may be eligible for additional discounts from Mississippi-based auto insurers. These discounts are intended to show appreciation for military service and can help Mississippi residents save money on their car insurance premiums. Mississippi drivers should make sure their insurer is aware of their military status in order to receive all available discounts.
No matter what Madison drivers are looking for, there are probably discounts that can help lower the cost of car insurance premiums. Mississippi residents can take advantage of these opportunities to save money while still getting the coverage needed. By comparing multiple providers, Mississippi drivers can find the best deal with the most comprehensive coverage. Doing research beforehand can help Mississippi drivers get the most out of their insurance policies at a great price.
Drivers who have been convicted of certain offenses may be required by Mississippi law to carry SR-22 insurance. Madison drivers who are required to carry this type of coverage must purchase a policy from an insurer in Mississippi. Mississippi insurers typically offer SR-22 policies at an additional cost, usually on top of the driver’s regular car insurance premiums. Mississippi drivers should contact their insurer or local Department of Motor Vehicles to find out if they need SR-22 insurance and what options are available.
It’s important for Madison drivers to consider their deductible when it comes to auto insurance coverage. Increasing the deductible on your policy can help lower your overall premiums and make sure you have the right level of protection. However, deciding whether or not increasing your deductible is right for you requires careful consideration.
It's important to remember that if you do opt to increase your deductible, it means more money out of pocket should you need to file a claim in the future. When considering increasing your Madison auto insurance deductible, consider both how much extra you'd be willing to pay out-of-pocket if necessary as well as how much savings on monthly premiums a higher deductible could offer.
Before you make any changes to your Madison auto insurance policy, consult with an experienced independent insurance agent who can help you determine the best option for you and your family. With their expertise and guidance, you can find the right auto insurance coverage for Mississippi drivers that fits both your budget and lifestyle.
When it comes to Madison auto insurance, two of the most popular insurers are Geico and Allstate. Both provide coverage throughout Mississippi. While both offer good coverage, they differ in terms of cost and customer service.
Geico is typically seen as the more budget-friendly option as it tends to offer cheaper premiums than Allstate in Madison. Customers also report that Geico's customer service is better than Allstate’s, with quicker response times and fewer issues getting claims settled or quotes processed.
However, you should consider both companies when shopping for Madison auto insurance to make sure you're getting the best deal for your money. It's important to compare quotes from multiple providers before making a final decision.
State Farm and Liberty Mutual are also two popular Madison auto insurance providers. While both offer competitive premiums, there are some key differences between the two.
State Farm has good customer service ratings with quick response times, whereas Liberty Mutual is seen as more of a budget-friendly option due to its lower premiums in Madison. Additionally, State Farm’s coverage options may be more comprehensive than what Liberty Mutual offers for Mississippi residents.
When it comes to Madison auto insurance, Nationwide and Progressive are two popular providers. Both offer competitive pricing, but there are some key differences between the two.
Nationwide is known for its customer service and discounts, while Progressive has better online resources and access to local agents. Nationwide also offers more coverage options than Progressive, including uninsured motorist coverage in Madison.
No matter which Madison auto insurance provider you choose, make sure to compare quotes from multiple companies before making a final decision. Doing so will help ensure that you get the best possible coverage for your needs at an affordable rate.
It's never been easier to shop around for affordable car insurance. You can use online tools to instantly get quotes from car insurance companies in Madison, Mississippi. You can also compare rates to other cities in your state such as these: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10.
Make sure to get the right amount of coverage you need. Do you only need Liability insurace, which provides minimum coverage? Some people require Full Coverage, especially when the car is financed.
Once you've done the research, comparison shopped the rates you found, and figured out your discounts, you're now ready to buy the best and cheapest car insurance in Madison, MS. Related: How much is SR22 in Mississippi?
Bundling auto and homeowners insurance in Madison promises potential savings and convenience by combining both coverages under a single policy. The advantages of bundling include potential cost reductions and streamlined management. Madison insurance companies often offer discounts to policyholders who bundle their auto and homeowners insurance, resulting in noticeable savings. This consolidated approach simplifies paperwork, provides a single point of contact for inquiries and claims, and streamlines payments. However, it's crucial to evaluate the coverage and terms of the bundled policy to ensure they align with your specific needs. Bundling may limit your flexibility to choose different providers and access specialized coverage options.
While bundling auto and homeowners insurance offers cost savings and convenience, it's important to consider individual circumstances and insurance requirements. Factors such as location, asset value, driving record, and home characteristics can influence the cost and coverage of the policies. For example, check out the different rates of each of these locations numbered 1, 2, 3, 4, 5, 6, 7, 8, 9, and 10. Assessing potential benefits against specific needs will determine whether bundling is truly worth the savings. Comparing quotes, reviewing policy details, and considering alternatives are essential steps to ensure you have the right coverage in Madison at the best price. Ultimately, making an informed decision will lead to a suitable insurance solution.
The materials on this website have been created for informational purposes only and are not intended as legal advice. The law changes frequently and the information may not be complete or correct depending on a number of factors.
Meet our car insurance expert, Andrew Brown. With over 20 years of experience in the insurance industry, Andrew has become an authority in the world of car insurance. Throughout his career, he has helped countless individuals and families find the right coverage for their unique needs and budget. With his in-depth knowledge of the industry, Andrew is dedicated to providing helpful tips, advice, and insights to empower drivers to make informed decisions about their car insurance.
