"According to newly released American Community Survey (ACS) data from the U.S. Census Bureau, Mississippi homeowners with a mortgage typically pay $1,500-$1,999 annually for homeowners insurance, while those without a mortgage average $1,000-$1,499. Overall statewide costs fall into the $1,000-$1,499 range. Mississippi has 829,682 insured homeowner households in total-401,890 with a mortgage and 427,792 without. Among mortgaged owners, 38,142 less than $100 annually and 38,238 pay $4,000 or more. Among those without a mortgage, 129,731 pay less than $100 and 22,139 pay $4,000 or more."
"When compared with nearby states, Mississippi is among the more affordable. Louisiana homeowners with a mortgage average $2,000-$2,499, far higher than Mississippi. Florida is the most expensive, also at $2,000-$2,499, with hundreds of thousands paying more than $4,000 annually. By contrast, Alabama's costs are similar to Mississippi's, with mortgaged households paying $1,500-$1,999. Arkansas also falls in the $1,500-$1,999 range for mortgaged owners. This places Mississippi in the lower-cost tier of the Gulf states, though still exposed to major climate hazards."
Mississippi homeowners generally face lower homeowners insurance costs than neighboring Gulf states. Mortgaged households typically pay $1,500–$1,999 annually, while owners without a mortgage average $1,000–$1,499. The state counts 829,682 insured homeowner households, with 401,890 holding mortgages and 427,792 mortgage-free. A sizable number pay very low premiums—tens of thousands under $100—while tens of thousands also pay $4,000 or more. Louisiana and Florida report higher averages for mortgaged owners, around $2,000–$2,499, while Alabama and Arkansas align with Mississippi’s $1,500–$1,999 range. Mississippi remains relatively affordable despite exposure to major climate hazards.
Read at SFGATE
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