HomeInsuranceQts

Home Insurance in Mississippi

Mississippi's median home value is $169,800.

Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Mississippi was built around 1986. About 14% of homes were built before 1960.

Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Mississippi is 71% single-family homes, 9% apartments in buildings with 5+ units and 14% mobile or manufactured homes.

In Mississippi, about 49% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

About 70% of occupied homes in Mississippi are owner-occupied. The vacancy rate is 15%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.

Most homes in Mississippi - 59% - are primarily heated with electricity. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.

The statewide average premium for a standard HO-3 homeowners policy in Mississippi is $2,029 per year, according to the NAIC homeowners insurance report (2023 data).

Key figures

Median home value$169,800
Median year built1986
Owner-occupied share70%
Share of owner-occupied homes with a mortgage49%
Home insurance premium$2,029 - statewide average (NAIC, 2023 data)

Counties

Sources