Biloxi, MS homeowners insurance is roughly $815 to $1,110, about $67-$92/month. Our comprehensive research shows customers can save upto $384 by getting many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
The average cost of homeowners insurance in Biloxi, MS, is $1423. Your home is likely your most valuable asset, so it’s important to protect it with proper insurance. Homeowners insurance can help cover the cost of repairs or rebuilding if your home is damaged by fire, wind, hail, water damage, theft, or other covered events. It can also help cover the cost of medical bills and legal fees if someone is injured on your property. While homeowners insurance is essential, it can also be expensive. The cost of your premium will depend on several factors, including the value of your home, the amount of coverage you need, and the deductible you choose.
Here are a few factors to take into account when looking for homeowners insurance in Biloxi, Mississippi.
By Choosing a Higher Deductible
One way to reduce the cost of homeowners insurance is to choose a higher deductible. A deductible is an amount you must pay out of pocket before your insurance policy kicks in. Choosing a higher deductible will lower your monthly premium, but you will be responsible for more money out of pocket if something happens to your home. Make sure you have enough savings to cover the deductible if you need to make a claim. In Biloxi, MS, homeowners with deductibles of 1500 and 2000 pay $1197 and $1087 in premiums, respectively. However, homeowners who pay a 500 or 1000 dollar deductible pay $1406 and $1272, respectively. As a result, Therefore, the higher the deductible, the lower the premium in Biloxi, MS.
See the table below to learn how much homeowners in Biloxi, Mississippi, have paid for various deductibles.
By Choosing Multi-Policy Insurance
Multi-policy insurance plans are often cheaper than buying separate policies for each type of coverage. This is because insurance companies offer discounts for customers who bundle their policies. In addition, having both homeowners and auto insurance with the same company can make it easier to manage your coverage and make claims. Homeowners in Biloxi can get insurance for $1195 after bundling.
By Installing Security Features
Installing security features is just one way to lower your homeowners insurance costs. Security features can include things like security alarms, security cameras, and deadbolt locks. These features deter burglars and help to keep your home and belongings safe. As a result, your homeowners insurance company may offer you a discount on your premium. In Biloxi, MS, homeowners that install security measures like deadbolts and smoke alarms pay $1309 in premiums. In Biloxi, MS, homeowners with sprinkler and fire alarm systems pay $1280 and $1294 for homeowners insurance.
Biloxi, MS Home Value | Total Homes | % of Total | Average Biloxi, MS Homeowners Insurance |
---|---|---|---|
Less than $50,000 | 810 | 9.0% | $153 |
$50,000 to $59,999 | 172 | 1.0% | $327 |
$60,000 to $69,999 | 109 | 1.0% | $404 |
$70,000 to $79,999 | 247 | 2.0% | $471 |
$80,000 to $89,999 | 496 | 5.0% | $529 |
$90,000 to $99,999 | 326 | 3.0% | $596 |
$100,000 to $124,999 | 1,049 | 12.0% | $692 |
$125,000 to $149,999 | 1,309 | 15.0% | $865 |
$150,000 to $174,999 | 1,268 | 14.0% | $1019 |
$175,000 to $199,999 | 641 | 7.0% | $1183 |
$200,000 to $249,999 | 916 | 10.0% | $1414 |
$250,000 to $299,999 | 730 | 8.0% | $1731 |
$300,000 to $399,999 | 652 | 7.0% | $2202 |
Home Insurance Company Near Biloxi, MS | Homeowners Insurance Agency Near Biloxi, MS | Address |
---|---|---|
Travelers | Bancorpsouth Ins Services Inc | 213 PORTER AVE, BILOXI, MS, 39533 |
Allstate | Betsy Mcarn | 207 Tanner Williams Ct Ste A, Mobile, AL, 36608 |
Liberty Mutual Independent | Burkholder Insurance Inc | 115 University Blvd., Mobile, AL, 36608 |
Nationwide | James Poulos | 831 Jackson St, Biloxi, MS, 39530-4235 |
Travelers | Mattina Insurance Agency Inc | 11010 HWY 49 STE 1, GULFPORT, MS, 39503 |
Streets in Biloxi Area | Homeowners Insurance Cost |
---|---|
Mulberry Dr, John Morris St, Vee St, Regency Dr, Windrush Ct, Walker Rd, Covenant Square Dr, Summer Lane Rd, Executive Pl, Beverly Dr | $965 |
Dogwood Dr, Walda Dr, Whitney Dr, Phantom St, E St, Natchez Ln, Lantana Cove, Woodland Hills Dr, Mary Ct, Bayview Ave | $953 |
Saint Jude St, Pecan Rd, Quail Cove, Eastview Dr, Heron Cove, Somerset Ct, Longwood Cir, River Oaks Ct, Eisenhower Dr, Leisure Ln | $986 |
Rd 122, Carter Rd, Reed Ave, Rodenberg Ave, Dukate St, Clearview Dr, Pringle Cir, Larkin Pl E, Knox St, Violet St | $971 |
Clifton Ln, Carlisle Ln, Paul David Dr, Midway St, Clay St, Pecan Hill Dr, Pearl St, Lanfair Rd, Parkway Rd, Longwood Ct | $978 |
Keesler Cir, McNarney Dr, Bay Vw, Kellogg Rd, Third St, Old Bay Rd, Dunvegan Dr, Snug Harbor Rd, Jim Lee Rd, Sabrina Dr | $979 |
Oakridge Cir, Oaklawn Rd, Canterbury Dr, Curtis St, Gould Rd, Collier St, Hudson Krohn Rd, Georgia Dr, W Wortham Rd, Alden Cir | $977 |
Merry Ln, Teal Cove, Percy St, Shell St, Donwood Pl, Country Ln, Woodlands Hill Dr, Brighton Cir, A St, Rd 244 | $966 |
Rd 106, Lasalle Dr, Camelia Pl, Holly Bluff Cir, Joachim Pl, Oakridge Pl, Buddleia Cove, Bay Shore Dr, Balboa St, Division St | $964 |
Jam Ln, Barton Rd, Aster Cir, Summer Field Dr, Porter Ave, Delauney St, St Paul St, River Walk Cir, Woolmarket Rd, Gill Ave | $979 |
Place | Savings For Senior Occupied Homes |
---|---|
Biloxi | $143 to $145 |
D'Iberville | $141 |
St. Martin | $140 |
Latimer | $143 |
Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
---|---|---|---|
D'Iberville city, Mississippi | $118 | $157 | $236 |
St. Martin CDP, Mississippi | $117 | $156 | $234 |
Latimer CDP, Mississippi | $119 | $159 | $238 |
Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
---|---|---|
Biloxi, MS | 5.9% | 20.5% |
D'Iberville | 7.41% | 20.53% |
St. Martin | 5.95% | 22.14% |
Latimer | 6.4% | 21.31% |
Biloxi Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
---|---|---|---|
Less than $200 | 116 | 1.0% | $342 |
$200 to $299 | 243 | 3.0% | $792 |
$300 to $499 | 683 | 8.0% | $1242 |
$500 to $749 | 1,979 | 24.0% | $1917 |
$750 to $999 | 2,747 | 34.0% | $2667 |
$1,000 to $1,499 | 2,027 | 25.0% | $3792 |
$1,500 or more | 269 | 3.0% | $5442 |
Low Deductible | High Deductible | |
---|---|---|
Deductible | $900 | $3,900 |
Yearly Biloxi Homeowner Insurance Premium Example | $2,700 | $2,200 |
Out of Pocket Expense During Claim | $900 | $3,900 |
Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $19,800 | $19,300 |
Net Savings to Biloxi Home Owner from High Deductible Plan | $500 |
Scenario | Biloxi, MS Home Replacement Value MORE than Home Value | Biloxi, MS Home Replacement Value LESS than Home Value |
---|---|---|
Replacement Value | $198,000 | $114,500 |
Insurance Premium based on Replacement Value | $3,000 | $1,725 |
Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $49,000 | Risk Exposure from Under Insuring Coverage is $34,500 |
Premium Impact | Insurance cheaper by $525/year | Insurance costlier by $750/year |
Insurance Company | Nationwide Insurance | Farmers Insurance | Allstate |
Monthly Premium | 170 | 332 | 171 |
Year Built | 1980 | 2013 | 1992 |
Home Details | 5 Beds, 4 Baths | 4 Beds, 3 Baths | 3 Beds, 2 Baths |
Coverage Amount | $200000-$250000 | $250000-$300000 | $125000-$150000 |
Deductible | > $10,000 Deductible | $500 Deductible | $1000-$2500 Deductible |
Year Built | Home Value | Roof Type | Sqft | Number of Bedrooms | Deductible | Premium | Premium Months | Siding Type | Smoker/Non Smoker |
---|---|---|---|---|---|---|---|---|---|
1993 | 155,000 | Wood Shake Roof | 1,440 | 2 | $500- $1000 Deductible | 930 | 6 | Vinyl siding | No |
2005 | 130,000 | Tile Roof | 1,350 | 3 | $500- $1000 Deductible | 2560 | 12 | Fiber-Cement Siding | yes |
1973 | 130,000 | Shingles Roof | 1,440 | 2 | $1000-$2500 Deductible | 270 | 2 | Stone Siding | yes |
1973 | 330,000 | Asphalt Shingles Roof | 3,040 | 4 | $5000 to $10,000 Deductible | 560 | 2 | Brick siding | yes |
1975 | 125,000 | Membrane Roof | 1,230 | 2 | $1000-$2500 Deductible | 990 | 10 | Fiber-Cement Siding | yes |
1987 | 210,000 | Composition Roof | 2,020 | 5 | $5000 to $10,000 Deductible | 900 | 5 | Vinyl siding | No |
2000 | 130,000 | Asphalt Shingles Roof | 1,530 | 2 | $500- $1000 Deductible | 300 | 2 | Wood siding | No |
1971 | 385,000 | Wood Shake Roof | 3,740 | 5 | $1000-$2500 Deductible | 520 | 1 | Stucco siding | yes |
1992 | 195,000 | Membrane Roof | 1,750 | 5 | $1000-$2500 Deductible | 1370 | 8 | Brick siding | No |
1985 | 275,000 | Wood Shake Roof | 3,490 | 5 | $1000-$2500 Deductible | 4480 | 12 | Vinyl siding | yes |
1987 | 150,000 | Shingles Roof | 1,750 | 5 | $2500-$5000 Deductible | 1320 | 10 | Fiber-Cement Siding | yes |
2011 | 270,000 | Asphalt Shingles Roof | 2,560 | 5 | $5000 to $10,000 Deductible | 750 | 4 | Stucco siding | No |
1974 | 455,000 | Slate Shingles Roof | 4,610 | 5 | $500- $1000 Deductible | 7080 | 12 | Fiber-Cement Siding | yes |
2003 | 105,000 | Tile Roof | 1,140 | 2 | $500 Deductible | 430 | 3 | Wood siding | No |
1973 | 105,000 | Tile Roof | 1,290 | 3 | $1000-$2500 Deductible | 1070 | 10 | Stucco siding | yes |
1992 | 145,000 | Membrane Roof | 1,690 | 3 | $1000-$2500 Deductible | 1220 | 7 | Vinyl siding | No |
1972 | 335,000 | Asphalt Shingles Roof | 3,370 | 5 | $500 Deductible | 4070 | 8 | Stone Siding | No |
2011 | 155,000 | Membrane Roof | 1,690 | 3 | $2500-$5000 Deductible | 580 | 4 | Stucco siding | No |
1984 | 180,000 | Asphalt Shingles Roof | 2,080 | 3 | $500 Deductible | 2310 | 9 | Stone Siding | No |
2010 | 125,000 | Asphalt Shingles Roof | 1,490 | 3 | $1000-$2500 Deductible | 790 | 6 | Stucco siding | No |
2013 | 155,000 | Tile Roof | 1,750 | 2 | $5000 to $10,000 Deductible | 270 | 2 | Wood siding | yes |
2013 | 120,000 | Metal Roof | 1,080 | 2 | $2500-$5000 Deductible | 740 | 7 | Brick siding | yes |
2012 | 150,000 | Wood Shake Roof | 1,700 | 3 | $1000-$2500 Deductible | 890 | 7 | Fiber-Cement Siding | No |
1982 | 140,000 | Asphalt Shingles Roof | 1,260 | 2 | $2500-$5000 Deductible | 230 | 2 | Fiber-Cement Siding | No |
2005 | 185,000 | Wood Shake Roof | 2,130 | 4 | $2500-$5000 Deductible | 1300 | 8 | Stone Siding | yes |
2013 | 150,000 | Membrane Roof | 1,610 | 2 | $500 Deductible | 890 | 4 | Brick siding | yes |
1971 | 130,000 | Asphalt Shingles Roof | 1,620 | 5 | $1000-$2500 Deductible | 1850 | 9 | Wood siding | yes |
1975 | 235,000 | Composition Roof | 2,310 | 5 | $2500-$5000 Deductible | 1160 | 6 | Brick siding | yes |
2012 | 175,000 | Slate Shingles Roof | 1,640 | 5 | $2500-$5000 Deductible | 1440 | 8 | Wood siding | yes |
1987 | 105,000 | Membrane Roof | 1,020 | 2 | $500- $1000 Deductible | 280 | 3 | Fiber-Cement Siding | yes |
2014 | 225,000 | Composition Roof | 2,300 | 3 | $500- $1000 Deductible | 3480 | 12 | Fiber-Cement Siding | No |
2005 | 170,000 | Tile Roof | 2,130 | 3 | $2500-$5000 Deductible | 1030 | 9 | Vinyl siding | yes |
2007 | 135,000 | Metal Roof | 1,240 | 3 | $1000-$2500 Deductible | 710 | 4 | Wood siding | yes |
1993 | 275,000 | Membrane Roof | 2,890 | 4 | $5000 to $10,000 Deductible | 2820 | 12 | Brick siding | yes |