Average renters insurance cost in Biloxi, MS (2024)

Average renters insurance cost in Biloxi, MS (1)

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The average cost of renters insurance in Biloxi, MS is $712 per year (for insurance coverage of $40,000 in personal property coverage, $100,000 in liability coverage, and $1000 as deductible) — that’s $318 more than the state average of $394 a year.

It can be higher or lower depending on the coverage options you choose and the amount of liability the policy provides. If you live in a rented apartment or home, you should consider buying renters insurance because it protects your personal belongings from damage caused due to covered peril such as fire or smoke damage, theft, vandalism, and other mishaps.

We did a thorough analysis of renters insurance companies to find the most affordable options for Biloxi renters. Keep reading to find out the cheapest renters insurance companies in Biloxi.

What is the average cost of renters insurance per month in Biloxi?

On average, the cost of renters insurance in Biloxi is $59 a month. Renters in Biloxi pay these rates for the coverage limit of $40,000 personal property coverage, $1,000 deductible and $100,000 liability protection coverage.

The renters insurance rates vary by city depending on your insurance provider and the coverage limits you decide. For example, renters in Biloxi pay $37 per month for personal property coverage of $20,000 and $1,000 deductible. However, if you decide to increase the personal property coverage limit to $40,000, you will pay $22 more than for renters insurance.

Now, you’ll have to decide how much coverage you need and how much you can afford. However, it is recommended, if your personal belongings consist of expensive jewelry, furniture, and electronics, you should choose higher coverage limits.

How much is average renters insurance in Biloxi by deductible?

The renters insurance cost in Biloxi is $487 per year for a $500 deductible and $20,000 as personal property coverage. A deductible is an amount you agree to pay before your insurance company kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same, i.e., $20,000, but you increase your deductible limit from $500 to $1,000, you will pay $45 less every year for insurance.

Below are the renters insurance rates for different personal property coverage and deductible amount.

Note: These rates are specifically for the coverage of $100,000 liability protection.

Read our guide to know what does renters insurance cover.

Who offers cheap renters insurance in Biloxi?

Your search for the cheapest renters insurance company ends here.

Nationwide offers the cheapest renters insurance in Biloxi at about $312 a year or $26 per month. According to Insure.com data analysis, Farmers ranks second on our list followed by Southern Farm Bureau.

Our experts at Insure.com evaluated renters insurance quotes from all the big and small insurance companies in Biloxi and put together a list of the most affordable insurance carriers. Below are the average annual and monthly rates of the cheap renters insurance companies across Biloxi, MS.

(Note: USAA offers insurance only to members of the military, veterans and their immediate families.)

Renters insurance providerAverage annual rateAverage monthly rate
Nationwide$312$26
Farmers$488$41
Southern Farm Bureau$588$49
State Farm$698$58
USAA$747$62
Allstate$805$67
Travelers$1,375$115

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Biloxi, MS, for $40,000 personal property coverage, $100,000 liability coverage, and a $1000 deductible.

How much is renters insurance in other cities

Gulfport

Hattiesburg

Jackson

Southaven

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On this page

  • What is the average cost of renters insurance per month in Biloxi?
  • How much is average renters insurance in Biloxi by deductible?
  • Who offers cheap renters insurance in Biloxi?
  • Methodology

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Average renters insurance cost in Biloxi, MS (2024)

FAQs

Average renters insurance cost in Biloxi, MS? ›

Renters insurance in Mississippi can cost as little as $26 a month (or $317 per year) for around $35,0001 in coverage, more than the national average, according to 2021 data (the most recent available) from the National Association of Insurance Commissioners (NAIC).

How much does renters insurance cost in Mississippi? ›

Renters insurance in Mississippi can cost as little as $26 a month (or $317 per year) for around $35,0001 in coverage, more than the national average, according to 2021 data (the most recent available) from the National Association of Insurance Commissioners (NAIC).

What is the most common amount for renters insurance? ›

Renters insurance is relatively inexpensive. According to NerdWallet, the average renters policy costs about $15 per month for up to $30,000 in personal property coverage.

Why is renters insurance so expensive? ›

Insurance is all about risk, so customers that live in areas with higher risks of claims usually have to pay more for coverage. Some location-based factors that impact renters insurance rates can include: The rate of crimes, especially theft, in your ZIP code.

How much is property insurance in Mississippi? ›

How much is homeowners insurance in Mississippi? The average cost of homeowners insurance in Mississippi is $2,624 per year or $219 per month — this is 50% more expensive than the national average of $1,754 per year.

Is renters insurance really worth? ›

Renters insurance coverage is almost always worth it. It is much more affordable than other policies, including home or auto insurance, and provides valuable financial protection. Even if you can save enough money to cover unexpected loss, renters insurance may be worthwhile.

What is the average renters insurance in the US? ›

The average cost of renters insurance is about $15 to $20 per month1. However, what you end up paying depends on a number of factors. Take a look at the information below to find out how your home or apartment renters insurance cost is determined.

What does renters insurance actually cover? ›

Renters insurance typically covers fire, windstorms, lightning, explosions, theft, and vandalism. Your personal property, personal liability, additional living expenses, and guest medical expenses are usually covered under your renters insurance.

How much is renters insurance ok? ›

The Cost of Renters Insurance in California

According to data collected by Quadrant Information Services in 2023, renters insurance costs $187 per year or $15.58 per month on average in the state of California.

What is a good deductible for renters insurance? ›

Renters insurance deductibles often range between $250 and $2,500 on personal property claims. Liability coverage on your renters policy typically won't have a deductible. Explore Progressive's editorial standards for Answers articles to find out why you can trust the insurance information you find here.

What factors determine the cost of renters insurance? ›

The cost of renters insurance depends on several factors like your location, policy deductible, total amount of coverage, and insurance carrier. Renters insurance not only pays for damage to or loss of your personal property, but it also includes personal liability, medical payments, and loss of use coverage.

Is renters insurance higher than homeowners insurance? ›

In general, you can expect your renters insurance quote to be less than for homeowners insurance. That's because homeowners insurance includes the building structure itself, which isn't the case for renters insurance policies.

Why is it bad to not have renters insurance? ›

If you don't have renters insurance, you won't have coverage for your belongings if they are stolen or damaged by problems like vandalism and fire. That means you'll have to pay out of pocket to replace or repair your items if they are damaged or stolen.

How much is rental insurance in Mississippi? ›

The average cost of renters insurance in Mississippi is $375 per year, or $31 per month. This makes Mississippi the second-most expensive state for renters insurance in the country — a policy here costs $160 per year more than the national average of $215.

How much is homeowners insurance in Biloxi, Mississippi? ›

The average cost of homeowners insurance in Biloxi is $4,992 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com's rate data analysis.

How much is landlord insurance in Mississippi? ›

The national average cost for landlord insurance policies in Mississippi is around $126 per month or $1,516 per year. However, landlord insurance costs around $164 per month or $1,973 per year in Mississippi. Generally, larger metropolitan areas can be expected to pay higher policies.

How much does a typical renters insurance policy cost per month quizlet? ›

Cite typical costs for Renter's Insurance (as low as $12 a month and typically $20-$30 a month) and ways to lower cost.

How much is renters insurance in Memphis? ›

The cost of renters insurance can vary based on location, as some states have more expensive areas due to different risks. The average cost of renters insurance in Memphis is $243 per year or $20 per month. This is $84 higher than the national average of $159 per year.

How much is USAA renters insurance? ›

The average monthly insurance cost of a USAA renters policy is $14.33, or $172 a year. That's lower than the national average costs of $180 a year and $15 per month. According to USAA, some members can get renters insurance coverage for as little as $10 per month.

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