Getting car insurance is a necessity for drivers in Southaven MS, but that doesn’t mean you have to overpay for coverage. Comparing car insurance quotes is the best way to find cheap car insurance that provides sufficient protection. This article will walk you through everything you need to know to get the lowest car insurance rates in Southaven.
How Much is Car Insurance in Southaven?
According to Insurify data, Southaven drivers pay an average of $172 per month for car insurance. This is slightly higher than the statewide average premium in Mississippi of $153 per month. Rates can vary quite a bit depending on your specific situation, including factors like your age, driving record, and the type of car you drive.
Here are the average monthly rates for liability and full coverage car insurance in Southaven:
- Liability car insurance: $87 per month
- Full coverage car insurance: $256 per month
Liability coverage includes bodily injury and property damage liability and is required by law in Mississippi. Full coverage adds collision and comprehensive coverage which pay for damage to your own vehicle.
What Impacts Car Insurance Costs in Southaven?
Car insurance companies calculate your rates based on a number of factors that can cause costs to go up or down. Here are some of the main rating factors in Southaven:
Driving record – Drivers with accidents speeding tickets DUIs, and other violations on their record will pay higher rates. A clean record will score you the lowest premiums.
Age and experience – Teen drivers and young drivers under 25 pay the highest rates on average. Rates start to go down once you gain more experience behind the wheel.
Car type – Insuring a sports car, luxury vehicle, or SUV will be more expensive than insuring an economy sedan.
Coverage levels – Higher liability limits and lower deductibles raise rates, while minimum required coverage and high deductibles lower your premiums.
Credit score – Mississippi allows insurers to use credit-based insurance scores to set rates. Good credit leads to lower prices.
Location – Living in areas with higher crime and claim rates may boost insurance costs.
Discounts – Taking advantage of all available discounts can substantially reduce what you pay for coverage.
Finding the Cheapest Southaven Car Insurance Companies
To find affordable rates, you’ll need to compare quotes from multiple insurers. Here are some of the cheapest car insurance companies in Southaven to consider:
State Farm – State Farm offers competitive rates and plenty of discounts, including multi-policy, good student, and safe driver discounts.
USAA – USAA provides some of the lowest rates in Mississippi and specializes in insuring military members and their families.
Allstate – Allstate is known for bundling discounts that can reduce your premiums when you insure multiple policies.
GEICO – GEICO tends to offer budget-friendly rates to drivers with good credit and clean driving records.
Progressive – Progressive offers competitive pricing and convenient tools to manage your policy online or via mobile app.
Always compare quotes from national insurers as well as local and regional companies when shopping for the best deal. Avoid going with the cheapest insurer if they have poor financial strength or customer service ratings.
How to Get Discount Southaven Car Insurance
The best way to lower your car insurance premium is to take advantage of every discount you qualify for. Here are some popular car insurance discounts to look for in Southaven:
- Multi-car discount – Insure all your vehicles with one company.
- Multi-policy discount – Bundle auto with home or renters insurance.
- Good driver discount – For 3+ years of clean driving.
- Defensive driver discount – For completing an approved course.
- Good student discount – If you maintain a B average or higher.
- Loyalty discount – For renewing your policy continuously.
- Anti-theft device discount – For installing anti-theft devices in your car.
- Usage-based discount – For low mileage drivers or enrolling in telematics program.
You can potentially save hundreds per year by stacking multiple discounts. Make sure to discuss all possible discounts with agents or representatives when getting a car insurance quote.
What is Minimum Car Insurance Coverage in Southaven?
Under Mississippi law, drivers are required to carry liability insurance coverage including:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $25,000 property damage liability
This provides protection for other drivers and property damaged in an at-fault accident, but does not cover damage to your own vehicle. Having only the minimum coverage is risky and more coverage is recommended.
Many lenders will also require you to carry collision and comprehensive coverage if you have an auto loan or lease. Consider your financial situation when choosing limits and deductibles. Higher liability limits will cost more but provide greater protection.
How to Get Cheap Full Coverage Insurance in Southaven
Drivers looking for more protection than just basic liability should consider full coverage car insurance. This package deal combines liability coverage with:
- Collision coverage – Pays to repair or replace your car if damaged in an accident.
- Comprehensive coverage – Covers non-collision damage from events like theft, vandalism, or weather.
Full coverage rates will be higher than minimum liability, but there are ways to score discounts:
- Raise your deductible – Opt for a $500, $1,000 or $2,000 deductible to lower your premiums.
- Drop optional coverages – You may be able to remove rental reimbursement or roadside assistance.
- Enroll in telematics program – Usage-based insurance can reward safe driving with discounted rates.
- Ask about bundling – You may save up to 15% when you insure multiple policies with one insurer.
- Maintain good credit – Having a good credit score can significantly reduce your insurance costs.
- Take advantage of all discounts – Be sure to inquire about every available discount from each insurer.
Comparing quotes will help you find the right balance of desired coverage and affordable rates. Make sure to shop around and compare quotes at least once a year.
How to Shop for Southaven Car Insurance Quotes
Follow these steps when getting Southaven car insurance quotes to ensure you get accurate rate estimates:
- Provide the same coverage information – Make sure to choose the same liability limits, deductibles, and any optional coverages when comparing.
- Check insurer reputation – Read reviews and financial ratings to make sure companies offer quality customer service and ability to pay claims.
- Compare quotes from at least 3 insurers – Getting multiple quotes gives you a better picture of the market and potential savings.
- Look at both national and local companies – National insurers may offer low rates while local agencies provide personalized service.
- Ask about all available discounts – Be sure to have the list of discounts handy and ask representatives what you can qualify for.
- Consider bundling options – You may save by insuring multiple policies like home and auto with the same provider.
- Re-shop rates annually – Prices can change over time so it pays to reassess options yearly before renewal.
Using online quote tools makes it fast and easy to compare car insurance rates 24/7. Within just a few minutes you can have quotes from top insurers customized to your specific situation.
Frequently Asked Questions
How much is car insurance per month in Southaven?
Average car insurance rates in Southaven are around $172 per month for full coverage and $87 per month for minimum liability coverage. However, your personal rates depend on factors like your age, driving record, and vehicle.
Who has the cheapest car insurance in Southaven?
Some of the cheapest car insurance companies in Southaven include State Farm, USAA, Allstate, and Progressive. Compare quotes to find the insurer offering you the lowest rate.
What discounts should I look for to get cheap car insurance?
Popular car insurance discounts include good driver, defensive driver, good student, multi-car, multi-policy, anti-theft device, usage-based, and loyalty discounts. Ask each insurer about all possible ways to save.
What is the minimum insurance required in Southaven?
Mississippi requires drivers to carry liability insurance with limits of 25/50/25 – $25,000 per person and $50,000 per accident bodily injury liability and $25,000 property damage liability. Higher 100/300/50 limits are recommended for better protection.
How can I get the cheapest full coverage insurance in Southaven?
To get the lowest full coverage insurance rates, raise deductibles, remove unnecessary extras, bundle policies, take advantage of discounts, and maintain good credit. Comparing quotes is the best way to find affordable premiums.
Getting car insurance quotes in Southaven doesn’t have to be a hassle. Follow the tips outlined here to shop smart and lock in the lowest auto insurance rates possible. Comparing personalized quotes is the key to maximizing savings on your coverage.
Find a Nationwide Insurance Agent in Southaven, Mississippi
Even though Southaven has a great public transit system, you will almost certainly need your own car to see everything the city has to offer. Whether its a car, motorcycle, or truck, you can get dependable auto insurance coverage with Nationwide. Talk to one of our Southaven auto insurance agents about the best coverage for your car(s) and home, and find out why Nationwide has a 99.5 percent member satisfaction rating.
You can’t get away from Mississippi’s bad weather and the dangers that come with summer, winter, and every other season if you live in an urban, suburban, or exurban area of Southaven. Talk to one of our Southaven home insurance agents about the risks that are covered by a standard policy and what extra coverage options would be best for your home, belongings, and property. This includes exclusive products only available from Nationwide, like Brand New Belongings® and Better Roof Replacement®.
Ever since Southaven founding it has been home to people with different lifestyles, family plans, and financial priorities. People in the city are proud of the high standard of living that has been built up over many generations of hard work and new ideas. One of our Southaven life insurance agents can help you figure out the best types of coverage, payout amounts, and other policy options for your family.
Nationwide also offers a wide range of commercial insurance products for Southavens businesses to protect the progress made through hard work and new ideas. Our Southaven business insurance agents can help you choose the right coverage for your professional services, retail, or business-to-business (B2B) business, whether it has a busy storefront or does all of its work online.