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Mississippi Car Insurance Premiums and Minimum Coverage Requirements

Drivers can get essentially the same Mississippi car insurance coverage offered in most states: liability, collision, comprehensive, uninsured and underinsured motorists and so forth. Also as in most states, you must carry liability insurance or proof of financial responsibility. In Mississippi, the required amounts are $25,000/$50,000/$25,000.

Statistics show that in some families, insurance costs as much as a quarter of their total family budget. Still, it's even more expensive to be uninsured. You can be sued for any damages caused by an accident that's your fault. Even purchasing the Mississippi car insurance minimum coverage requirements might not be enough, as you can still be liable for damages above the amount of your coverage. Total a 2010 Cadillac SRX or other fancy SUV and see if you can get by for $25,000.

So it's important to save money on your Mississippi car insurance premiums by getting the best car insurance quote possible. You can't always control the variables used to determine insurance rates, but you should control what you can. Here are some ways you can do that.

Probably the most important thing is a good driving record. It's easy to forget when you're in a hurry or traffic is flashing around you that stepping a little heavily on the gas, a rolling stop or "pinking" a red light can net you more than a fine. It can raise your rates.

Even worse, a driving infraction can lead to an at fault accident, which will raise your rates even more. No one wants to have a traffic accident, at fault or not. But if you do have an accident, and you were violating the law, you will likely be found at fault, your insurance company will pay and you will face higher premiums. And don't even think about drinking and driving. Mississippi is a friendly state, and driving friendly pays off in many ways.

Higher deductibles are another good idea. Hopefully, you won't have to use the insurance anyway, but if you do you will usually save more on the lowered payments than the loss you will take on the higher deductible.

Another money saving tip is to be careful what kind of car you buy. One company considers any 2-door car a sports car if being driven by a teenager, and charges accordingly; so ask your agent for details and definitions. Along the same line, it's generally cheaper to have your child's car in your name and include them on your policy. And young drivers can sometimes get student discounts for good grades, etc. In fact, you should check out discounts across the board.

Consider dropping comprehensive and collision on any car that is paid for, especially if it's more than five years old. Often the price of a replacement car and/or the return on your Mississippi car insurance makes these coverages less than worthwhile for older cars. Mississippi is a beautiful state. Using these tips can help you see more of it for less cost. As they say in the old commercial, "Happy Motoring!"

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