Our editorial team analyzed regional and national home insurance companies that sell policies in Gulfport to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
Sitting on Mississippi’s southern border, Gulfport boasts beautiful beaches and a warm climate. The average home insurance costs $5,626 annually for a policy covering a $300,000 home with a $1,000 deductible.
Due to its coastal location, many homeowners will need to purchase flood insurance, too. Homes in the region are at extreme hurricane risk, and the right insurance protection can help ensure you don’t lose your biggest asset.1
Here’s what you need to know about finding the best home insurance in Gulfport, Mississippi.
Best home insurance companies in Gulfport
Gulfport homeowners aren’t strangers to finding new insurance; in 2023, insurance companies dropped 5% of homeowners in Harrison County.2 Luckily, you still have lots of options for coverage.
Here are Insurify’s top picks to help get you started.
Best company for affordable coverage: Mississippi Farm Bureau
Best company for military and veterans: USAA
Best company for hurricane claims: Nationwide
Cheapest home insurance companies in Gulfport
Mississippi Farm Bureau blows the competition away with its low rates. Here’s what a typical quote looks like from other companies offering home insurance in Gulfport:
How much is home insurance in Gulfport?
Home insurance for a $300,000 policy in Gulfport costs an average of $5,626 per year, assuming you choose a $1,000 deductible. With a $500 deductible, the cost increases to $5,705 per year.
Although homes cost less in Gulfport than the national average, homeowners also face much greater hurricane risks than the average homeowner, driving up premiums.
Cost of home insurance by dwelling coverage in Mississippi
Your dwelling coverage covers the structure of your home. Coverage pricing works like most other things: The more of it you buy, the more expensive it is. In general, you should carry enough coverage for 80% of the value of your home. Repairing a less-expensive home costs less than fixing a million-dollar mansion along the coastline, so your premiums will reflect this.3
Here’s what homeowners pay in Mississippi based on their dwelling coverage limits.
Cost of homeowners insurance by deductible amount
Insurance requirements state that you have to pay some amount of money out of pocket before your coverage kicks in. This is known as a deductible. If you can afford to pay a higher deductible when you need to file a claim, you’ll pay less overall for a home policy. But remember that you have to pay this deductible for every claim, and you may have a different deductible for wind damage.
Mississippi offers a catastrophe savings account that can help you save on taxes while having money set aside for natural disasters.4
Here’s how your deductible affects your premium in Gulfport, Mississippi.
Average cost of home insurance in other cities in Mississippi
Your flood risk and other weather perils can vary from one area to another, and that’s why insurers look closely at where you live, even down to the ZIP code. For example, someone living in Starkville doesn’t have to worry about a tidal storm surge like homeowners in Gulfport.
The table below shows how rates fluctuate based on where you live in Mississippi.
What to know about owning a home in Gulfport
Home ownership brings a lot of joys, but it can bring challenges, too. That’s especially true when it comes to finding affordable ways to meet your lender’s insurance requirements or just to make sure your home has the best protection available.
The same thing that attracts many people to Gulfport is the same thing driving up insurance costs: the ocean and the storms it can bring. Wind and flood damage are the biggest perils, putting homeowners and insurers at risk when major hurricanes roll through the area.
That’s why base home insurance prices are so high in Gulfport. But many mortgage lenders require people living in flood-prone areas to buy extra flood insurance. Some insurers also charge separate deductibles for wind damage.5 Policies for older homes built without hurricane-proof materials can also have higher premiums or less coverage.
Luckily, Mississippi offers a unique tax-advantaged catastrophe savings account, which can help you save up for when you need to file a claim. Recently, the state also began taking steps to open up the Strengthen Mississippi Homes grant program, helping people in Gulfport to increase their homes’ hurricane resistance.
Gulfport home insurance FAQs
If you’re shopping for home insurance in Gulfport, here’s some additional information that can help you understand your insurance options a bit better.
The average cost of home insurance for Gulfport residents is $469 per month, or $5,626 per year. That doesn’t include flood insurance, which many homeowners must purchase, given the area’s high flood risk.
Mississippi Farm Bureau Insurance offers the cheapest homeowners insurance in Gulfport. On average, it costs $1,174 per year for a $300,000 policy with a $1,000 deductible, according to Insurify data.
In general, you should have coverage for at least 80% of the value of your home. If you lower your coverage limits to below 80% of your home’s replacement cost, insurers may decrease the amount of any claims payouts, too. Otherwise, they’d normally pay out the full cost to fix or repair your home, up to your policy limits.
Mississippi is one of the most expensive places to insure a home in America because it’s a frequent target for incoming hurricanes, which cause widespread wind damage and flooding from storm surge.
The average home insurance premium in Gulfport, Mississippi, is $5,626, not including the cost of flood insurance. That’s based on a $300,000 policy with a $1,000 deductible.
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