Auto Insurance in Mississippi

The average cost of auto insurance in Mississippi fell by 4% in 2009 and residents of the Magnolia State are currently enjoying genuine vale-for-money coverage. The average price of a policy in 2009 was just $1,410 which is $325 less than the national average. The sparseness of Mississippi means that motorists are far less likely to be involved in an accident and this is reflected in auto insurance premiums.

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However, it is still a legal requirement to carry the minimum level of auto insurance as required by Mississippi state law. The state follows the familiar Tort system where accountability must be found in the event of a road traffic accident. The following levels of auto insurance are required before taking a vehicle on the road in Mississippi:

  • $25,000 worth of bodily injury liability per person
  • $50,000 worth of bodily injury liability per accident
  • $25,000 of property damage coverage

There is no legal obligation to take out cover against uninsured or underinsured motorists and personal injury protection is also optional. However, it is highly advisable to upgrade a basic insurance policy to accommodate these two important features to help avoid additional personal expense in the event of a more serious accident.

Should an accident occur, claims are made against the insurance company of the driver held responsible. Other states using the no fault system allow drivers to claim off of their own policies unless an accident is so severe, it may be necessary for an aggrieved party to take further legal action for compensation as a result of injuries, loss of work or damage to property.

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