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Mississippi Home Insurance Estimator โ€” Updated 2026

State abbreviation: MS

Homeowners insurance in Mississippi averages $1,680/year, depending on home value, location (wildfire/flood zones), age, and coverage limits. For a home valued at $245,000, you should budget 0.69% of its value annually for insurance. Insurance costs here are near or below the national average.

Mississippi Financial Data (2026)

State Tax Rate
5%
Property Tax Rate
0.81%
Median Home Price
$245,000
Avg Insurance Cost
$1,680/year
Cost of Living Index
82
State Abbreviation
MS