Cheapest Car Insurance Quotes in Coldwater

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Coldwater Car Insurance

^$ 26

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

The auto insurance rates published in this guide are based on the results of research completed by Way’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with Way.

Table of Contents

How Much Is Car Insurance in Coldwater

The car insurance rate in Coldwater is $859 for a six-month policy, which is $9 lower than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $382, making it a popular choice for budget-conscious drivers. Rates in Coldwater can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in Coldwater

$859

Avg. Car Insurance in Mississippi

$868

National Average

$1140

Cheapest Car Insurance Companies in Coldwater

1st place: Direct General Insurance

At $382 for a six month policy, Direct General Insurance offers the cheapest auto insurance rates in the city.

2nd place: Mississippi Farm Bureau

Mississippi Farm Bureau offers auto insurance rates at $424 for a six-month policy, making it one of the cheapest to insure with.

3rd place: USAA

USAA offers auto insurance rates at $712 for six months, making it the third cheapest auto insurance company in Coldwater.

Coldwater Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Coldwater, MS is Direct General Insurance, offering policies at just $382 for a six-month term. This is followed by Mississippi Farm Bureau, which has an average six-month premium of $424.

At the higher end of the spectrum, Safeway is the most expensive, with rates reaching $1312 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Coldwater drivers find the best deals.

Cheap Car Insurance Companies in Coldwater, MS

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Direct General Insurance	$382	$65
Mississippi Farm Bureau	$424	$70
USAA	$712	$120
Travelers	$730	$123
State Farm	$752	$127
Farm Bureau	$782	$131
National Farmers Union Insurance	$788	$134
Nationwide	$941	$158
Progressive	$994	$167
Shelter	$1024	$172
Allstate	$1140	$194
Farmers	$1194	$199
Safeway	$1312	$223

Key Takeaways

Way's key takeaways about car insurance in Coldwater

The auto insurance costs in Coldwater fall around $382 for six months.
The cheapest auto insurance company in Coldwater is Direct General Insurance.
Teen drivers pay the highest rate in Coldwater at $860 per month.

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Cheapest Minimum Liability Car Insurance in Coldwater

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Coldwater are given below.

Direct General Insurance provides the cheapest minimum car insurance coverage in Coldwater. Their Average 6 Month Premium is $152. Farmers is the most expensive at $524 for the same period.

Cheapest Liability Coverage in Coldwater, MS

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Direct General Insurance	$152	$26
Mississippi Farm Bureau	$158	$27
National Farmers Union Insurance	$158	$27
State Farm	$182	$31
USAA	$194	$33
Farm Bureau	$247	$42
Progressive	$252	$43
Safeway	$300	$51
Travelers	$306	$51
Shelter	$352	$59
Nationwide	$364	$61
Allstate	$436	$73
Farmers	$524	$87

Cheapest Full Coverage Car Insurance in Coldwater

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Coldwater is Direct General Insurance at $65 per month and $382 for six months.

Cheapest Full Coverage Car Insurance Quotes in Coldwater, MS

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Direct General Insurance	$382	$65
Mississippi Farm Bureau	$424	$70
USAA	$712	$120
Travelers	$730	$123
State Farm	$752	$127
Farm Bureau	$782	$131
National Farmers Union Insurance	$788	$134
Nationwide	$941	$158
Progressive	$994	$167
Shelter	$1024	$172
Allstate	$1140	$194
Farmers	$1194	$199
Safeway	$1312	$223

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Average Car Insurance in Coldwater by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in Coldwater, MS increasing?

Despite maintaining a clean driving record, your car insurance rates in Coldwater, Mississippi, may be increasing due to several external factors. Mississippi has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, Coldwater's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Coldwater

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

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Cheapest Car Insurance Rates for Teen Drivers in Coldwater,MS

If you are planning to get a car insurance policy for your teenage dependent, Direct General Insurance provides the cheapest car insurance in the Coldwater at $33 per month. At $5163 for a six-month premium, Nationwide offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Direct General Insurance	$194	$33
National General	$200	$34
Mississippi Farm Bureau	$218	$37
State Farm	$670	$113
USAA	$752	$127
Travelers	$918	$154
Farm Bureau	$1346	$229
Progressive	$1612	$271
Shelter	$2594	$441
Farmers	$3611	$602
Allstate	$4052	$689
Nationwide	$5163	$860

Teen Car Insurance Rates in MS by Age

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in Coldwater, Direct General Insurance is the cheapest car insurance provider. At $194 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Coldwater is Farmers, offering rates of around $3522 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Direct General Insurance	$194	$33
Mississippi Farm Bureau	$276	$47
Travelers	$900	$151
Progressive	$906	$152
USAA	$1094	$186
Nationwide	$1135	$191
Farm Bureau	$1340	$228
Allstate	$1829	$305
Shelter	$2334	$397
State Farm	$2840	$473
Farmers	$3522	$599

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Car Insurance Rates with An Accident in Coldwater

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Coldwater, MS, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Coldwater

The cheapest car insurance companies after an at-fault accident in Coldwater include Mississippi Farm Bureau and Direct General Insurance, offering $218 and $312, respectively. Farmers is an expensive provider with an average six-month premium of $2852.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Mississippi Farm Bureau	$218	$37
Direct General Insurance	$312	$53
National General	$318	$52
State Farm	$336	$56
Safeway	$358	$59
USAA	$394	$66
Shelter	$576	$97
Travelers	$600	$101
Progressive	$658	$111
Farm Bureau	$1006	$171
Nationwide	$1282	$216
Allstate	$1682	$286
Farmers	$2852	$475

Coldwater Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Coldwater MS. For example, the car insurance in Coldwater after a DUI increases to $724 for a six month policy. While the rate increases by $242 for a six-month policy in the case of a speeding ticket.

Coldwater auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1046	$174
One Med/PIP claim	$1046	$178
Not-at-fault accident	$1094	$182
One comp claim	$1118	$190
Two Med/PIP claims	$1124	$187
Driving without lights	$1206	$205
Two comp claims	$1212	$202
Failure to show documents	$1246	$212
Failure to wear a seat belt	$1246	$208
Child safety restraint	$1252	$213
Driving with expired registration	$1252	$209
Driving too slowly	$1264	$215
Failure to stop at a red light	$1264	$211
Speeding in school zone	$1264	$215
Cell phone violation	$1276	$213
Improper passing	$1282	$218
Texting while driving	$1282	$214
Wrong way/wrong lane	$1282	$218
Speeding 6 - 10 MPH over limit	$1288	$215
Failure to yield	$1294	$220
Speeding 11 - 15 MPH over limit	$1294	$216
Following too closely	$1300	$221
Illegal turn	$1300	$217
Speeding 16 - 20 MPH over limit	$1300	$221
Speeding 21 - 25 MPH over limit	$1312	$219
Passing school bus	$1324	$225
In 65 MPH zone	$1358	$227
At-fault accident - less than $1000	$1423	$242
Operating a vehicle without permission	$1435	$240
Open container	$1476	$251
At-fault accident - $1000-$2000	$1535	$255
At-fault accident - greater than $2000	$1535	$261
Driving with a suspended license	$1600	$266
Reckless driving	$1600	$272
Refusal to submit to a chemical test	$1752	$292
DUI	$1770	$301
Racing	$1788	$298
Leaving scene of an accident/hit and run	$1800	$306

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in Coldwater after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Coldwater.

The cheapest car insurance premiums in Coldwater are offered by Mississippi Farm Bureau at $306 for a six-month policy. However, it can be as expensive as $2852 with companies like Farmers.

Coldwater car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Mississippi Farm Bureau	$306	$52
Direct General Insurance	$312	$51
National General	$318	$54
State Farm	$730	$123
Travelers	$764	$129
Progressive	$782	$132
USAA	$1012	$170
Farm Bureau	$1270	$212
Shelter	$1506	$253
Allstate	$1600	$269
Nationwide	$1629	$274
Farmers	$2852	$475

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Coldwater are offered by Mississippi Farm Bureau at $176. However, it can be as expensive as $1712 with companies like Nationwide for a similar six-month premium.

Cheapest Car Insurance in Coldwater after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Mississippi Farm Bureau	$176	$30
Direct General Insurance	$247	$42
State Farm	$388	$65
Progressive	$682	$115
USAA	$741	$124
Farm Bureau	$841	$143
Travelers	$1040	$173
Shelter	$1235	$210
Allstate	$1258	$210
Farmers	$1494	$254
Nationwide	$1712	$285

Car Insurance Price Trends in Coldwater, Mississippi

Car insurance rates in Coldwater have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Coldwater remained steady at $202 in both November and October, indicating no change over the two month period.

The average cost of liability insurance in the Coldwater remained steady at $46 in both November and October, indicating no change over the two month period.

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Frequently Asked Questions

How much is car insurance in Coldwater?

The car insurance in Coldwater is $26 per month, which is lower than the national average.

What is the cheapest car insurance in Coldwater?

The cheapest car insurance in Coldwater is $65 per month for full coverage.

How much is car insurance in Coldwater for teenagers?

Car insurance for teenagers costs $194 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in Coldwater?

The average cost of car insurance is $868 for a six-month policy. It will cost around $145 per month to insure your car in Coldwater.

Is car insurance expensive in Coldwater?

Car insurance can be expensive in Coldwater if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Coldwater can be affordable.

What is the best car insurance in Coldwater, MS?

The best car insurance company in Coldwater MS is Direct General Insurance, offering $382 for a six-month policy.