Last Updated 6th of August, 2010
What is the state requirement for auto insurance in Mississippi?
Mississippi’s proof of financial responsibility requirements state that drivers must have a valid auto insurance policy that provides the following basic coverage amounts:
If you have substantial assets or used a loan to purchase your vehicle, higher coverage amounts may be in order. Many people also choose to purchase personal injury protection (PIP) and underinsured/uninsured motorist coverage as well.
Speak to your insurance agent to make sure you understand all your options. If you are concerned about the cost of your policy, there are various online resources you can use to quickly obtain quotes from several different companies. As with any other major purchase, comparison shopping is the key to making sure you’re getting the best possible car insurance rates.
There is a $1,000 fine and a registration suspension of up to one year for failure to have adequate car insurance.
- $25,000 of coverage for each person per single accident.
- $50,000 of coverage per accident for bodily injury.
- $25,000 of coverage per accident for property damage.
Purchasing Additional Car Insurance in Mississippi
When purchasing an auto insurance policy, please keep in mind that the minimum liability insurance requirements may not be suitable in all circumstances.If you have substantial assets or used a loan to purchase your vehicle, higher coverage amounts may be in order. Many people also choose to purchase personal injury protection (PIP) and underinsured/uninsured motorist coverage as well.
Speak to your insurance agent to make sure you understand all your options. If you are concerned about the cost of your policy, there are various online resources you can use to quickly obtain quotes from several different companies. As with any other major purchase, comparison shopping is the key to making sure you’re getting the best possible car insurance rates.
Penalties for Inadequate Auto Insurance
Although you don’t need to show proof of insurance to apply for a drivers license, register your vehicle, or complete the registration renewal process, you must be able to provide proof of financial responsibility if it is requested by a MS law enforcement officer.There is a $1,000 fine and a registration suspension of up to one year for failure to have adequate car insurance.
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