Cheapest Car Insurance Quotes in Shannon

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Shannon Car Insurance

^$ 23

/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 Shannon

The car insurance rate in Shannon is $773 for a six-month policy, which is $95 lower than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $344, making it a popular choice for budget-conscious drivers. Rates in Shannon 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 Shannon

$773

Avg. Car Insurance in Mississippi

$868

National Average

$1140

Cheapest Car Insurance Companies in Shannon

1st place: Direct General Insurance

At $344 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 $381 for a six-month policy, making it one of the cheapest to insure with.

3rd place: USAA

USAA offers auto insurance rates at $640 for six months, making it the third cheapest auto insurance company in Shannon.

Shannon Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Shannon, MS is Direct General Insurance, offering policies at just $344 for a six-month term. This is followed by Mississippi Farm Bureau, which has an average six-month premium of $381.

At the higher end of the spectrum, Safeway is the most expensive, with rates reaching $1179 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Shannon drivers find the best deals.

Cheap Car Insurance Companies in Shannon, MS

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Direct General Insurance	$344	$59
Mississippi Farm Bureau	$381	$63
USAA	$640	$108
Travelers	$656	$110
State Farm	$676	$114
Farm Bureau	$703	$117
National Farmers Union Insurance	$708	$120
Nationwide	$846	$142
Progressive	$894	$150
Shelter	$920	$155
Allstate	$1025	$174
Farmers	$1073	$179
Safeway	$1179	$200

Key Takeaways

Way's key takeaways about car insurance in Shannon

The auto insurance costs in Shannon fall around $344 for six months.
The cheapest auto insurance company in Shannon is Direct General Insurance.
Teen drivers pay the highest rate in Shannon at $773 per month.

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Cheapest Minimum Liability Car Insurance in Shannon

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 Shannon are given below.

Direct General Insurance provides the cheapest minimum car insurance coverage in Shannon. Their Average 6 Month Premium is $137. Farmers is the most expensive at $471 for the same period.

Cheapest Liability Coverage in Shannon, MS

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Direct General Insurance	$137	$23
Mississippi Farm Bureau	$142	$24
National Farmers Union Insurance	$142	$24
State Farm	$164	$28
USAA	$174	$29
Farm Bureau	$222	$37
Progressive	$227	$38
Safeway	$270	$46
Travelers	$275	$46
Shelter	$317	$53
Nationwide	$328	$55
Allstate	$392	$66
Farmers	$471	$78

Cheapest Full Coverage Car Insurance in Shannon

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 Shannon is Direct General Insurance at $59 per month and $344 for six months.

Cheapest Full Coverage Car Insurance Quotes in Shannon, MS

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Direct General Insurance	$344	$59
Mississippi Farm Bureau	$381	$63
USAA	$640	$108
Travelers	$656	$110
State Farm	$676	$114
Farm Bureau	$703	$117
National Farmers Union Insurance	$708	$120
Nationwide	$846	$142
Progressive	$894	$150
Shelter	$920	$155
Allstate	$1025	$174
Farmers	$1073	$179
Safeway	$1179	$200

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Average Car Insurance in Shannon 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 Shannon, MS increasing?

Despite maintaining a clean driving record, your car insurance rates in Shannon, 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, Shannon's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Shannon

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 Shannon,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 Shannon at $29 per month. At $4641 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	$174	$29
National General	$180	$30
Mississippi Farm Bureau	$196	$33
State Farm	$603	$101
USAA	$676	$114
Travelers	$825	$139
Farm Bureau	$1210	$206
Progressive	$1449	$244
Shelter	$2332	$396
Farmers	$3246	$541
Allstate	$3643	$619
Nationwide	$4641	$773

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 Shannon, Direct General Insurance is the cheapest car insurance provider. At $174 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 Shannon is Farmers, offering rates of around $3167 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Direct General Insurance	$174	$29
Mississippi Farm Bureau	$248	$42
Travelers	$809	$136
Progressive	$814	$137
USAA	$983	$167
Nationwide	$1020	$172
Farm Bureau	$1205	$205
Allstate	$1644	$274
Shelter	$2099	$357
State Farm	$2553	$425
Farmers	$3167	$538

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Car Insurance Rates with An Accident in Shannon

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 Shannon, MS, accidents can lead to significant hikes in your premiums.

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

The cheapest car insurance companies after an at-fault accident in Shannon include Mississippi Farm Bureau and Direct General Insurance, offering $196 and $280, respectively. Farmers is an expensive provider with an average six-month premium of $2564.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Mississippi Farm Bureau	$196	$33
Direct General Insurance	$280	$48
National General	$286	$47
State Farm	$302	$51
Safeway	$322	$53
USAA	$354	$60
Shelter	$518	$87
Travelers	$539	$91
Progressive	$592	$100
Farm Bureau	$904	$154
Nationwide	$1153	$194
Allstate	$1512	$257
Farmers	$2564	$427

Shannon Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Shannon MS. For example, the car insurance in Shannon after a DUI increases to $650 for a six month policy. While the rate increases by $217 for a six-month policy in the case of a speeding ticket.

Shannon auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$941	$157
One Med/PIP claim	$941	$160
Not-at-fault accident	$983	$164
One comp claim	$1005	$171
Two Med/PIP claims	$1010	$168
Driving without lights	$1084	$184
Two comp claims	$1089	$182
Failure to show documents	$1121	$190
Failure to wear a seat belt	$1121	$187
Child safety restraint	$1126	$191
Driving with expired registration	$1126	$188
Driving too slowly	$1137	$193
Failure to stop at a red light	$1137	$190
Speeding in school zone	$1137	$193
Cell phone violation	$1147	$191
Improper passing	$1153	$196
Texting while driving	$1153	$192
Wrong way/wrong lane	$1153	$196
Speeding 6 - 10 MPH over limit	$1158	$193
Failure to yield	$1163	$198
Speeding 11 - 15 MPH over limit	$1163	$194
Following too closely	$1169	$198
Illegal turn	$1169	$195
Speeding 16 - 20 MPH over limit	$1169	$198
Speeding 21 - 25 MPH over limit	$1179	$197
Passing school bus	$1190	$202
In 65 MPH zone	$1221	$204
At-fault accident - less than $1000	$1279	$217
Operating a vehicle without permission	$1290	$215
Open container	$1327	$226
At-fault accident - $1000-$2000	$1380	$230
At-fault accident - greater than $2000	$1380	$235
Driving with a suspended license	$1438	$239
Reckless driving	$1438	$245
Refusal to submit to a chemical test	$1575	$263
DUI	$1591	$271
Racing	$1607	$268
Leaving scene of an accident/hit and run	$1618	$275

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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 Shannon 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 Shannon.

The cheapest car insurance premiums in Shannon are offered by Mississippi Farm Bureau at $275 for a six-month policy. However, it can be as expensive as $2564 with companies like Farmers.

Shannon car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Mississippi Farm Bureau	$275	$47
Direct General Insurance	$280	$46
National General	$286	$49
State Farm	$656	$110
Travelers	$687	$116
Progressive	$703	$118
USAA	$910	$153
Farm Bureau	$1142	$190
Shelter	$1354	$228
Allstate	$1438	$242
Nationwide	$1464	$247
Farmers	$2564	$427

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 Shannon are offered by Mississippi Farm Bureau at $158. However, it can be as expensive as $1539 with companies like Nationwide for a similar six-month premium.

Cheapest Car Insurance in Shannon after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Mississippi Farm Bureau	$158	$27
Direct General Insurance	$222	$37
State Farm	$349	$59
Progressive	$613	$103
USAA	$666	$111
Farm Bureau	$756	$128
Travelers	$935	$156
Shelter	$1110	$189
Allstate	$1131	$189
Farmers	$1343	$229
Nationwide	$1539	$256

Car Insurance Price Trends in Shannon, Mississippi

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

The average cost of full coverage in the Shannon remained steady at $182 in both November and October, indicating no change over the two month period.

The average cost of liability insurance in the Shannon remained steady at $41 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 Shannon?

The car insurance in Shannon is $23 per month, which is lower than the national average.

What is the cheapest car insurance in Shannon?

The cheapest car insurance in Shannon is $59 per month for full coverage.

How much is car insurance in Shannon for teenagers?

Car insurance for teenagers costs $174 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 Shannon?

The average cost of car insurance is $868 for a six-month policy. It will cost around $130 per month to insure your car in Shannon.

Is car insurance expensive in Shannon?

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

What is the best car insurance in Shannon, MS?

The best car insurance company in Shannon MS is Direct General Insurance, offering $344 for a six-month policy.