Cheapest Car Insurance Quotes in Waterford

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Waterford Car Insurance

^$ 25

/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 Waterford

The car insurance rate in Waterford is $842 for a six-month policy, which is $26 lower than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $374, making it a popular choice for budget-conscious drivers. Rates in Waterford 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 Waterford

$842

Avg. Car Insurance in Mississippi

$868

National Average

$1140

Cheapest Car Insurance Companies in Waterford

1st place: Direct General Insurance

At $374 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 $415 for a six-month policy, making it one of the cheapest to insure with.

3rd place: USAA

USAA offers auto insurance rates at $697 for six months, making it the third cheapest auto insurance company in Waterford.

Waterford Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Waterford, MS is Direct General Insurance, offering policies at just $374 for a six-month term. This is followed by Mississippi Farm Bureau, which has an average six-month premium of $415.

At the higher end of the spectrum, Safeway is the most expensive, with rates reaching $1285 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Waterford drivers find the best deals.

Cheap Car Insurance Companies in Waterford, MS

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Direct General Insurance	$374	$64
Mississippi Farm Bureau	$415	$69
USAA	$697	$117
Travelers	$715	$120
State Farm	$737	$124
Farm Bureau	$766	$128
National Farmers Union Insurance	$772	$131
Nationwide	$922	$155
Progressive	$974	$164
Shelter	$1003	$169
Allstate	$1117	$190
Farmers	$1170	$195
Safeway	$1285	$218

Key Takeaways

Way's key takeaways about car insurance in Waterford

The auto insurance costs in Waterford fall around $374 for six months.
The cheapest auto insurance company in Waterford is Direct General Insurance.
Teen drivers pay the highest rate in Waterford at $843 per month.

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Cheapest Minimum Liability Car Insurance in Waterford

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 Waterford are given below.

Direct General Insurance provides the cheapest minimum car insurance coverage in Waterford. Their Average 6 Month Premium is $149. Farmers is the most expensive at $513 for the same period.

Cheapest Liability Coverage in Waterford, MS

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Direct General Insurance	$149	$25
Mississippi Farm Bureau	$155	$26
National Farmers Union Insurance	$155	$26
State Farm	$178	$30
USAA	$190	$32
Farm Bureau	$242	$41
Progressive	$247	$42
Safeway	$294	$50
Travelers	$300	$50
Shelter	$345	$58
Nationwide	$357	$60
Allstate	$427	$72
Farmers	$513	$85

Cheapest Full Coverage Car Insurance in Waterford

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 Waterford is Direct General Insurance at $64 per month and $374 for six months.

Cheapest Full Coverage Car Insurance Quotes in Waterford, MS

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Direct General Insurance	$374	$64
Mississippi Farm Bureau	$415	$69
USAA	$697	$117
Travelers	$715	$120
State Farm	$737	$124
Farm Bureau	$766	$128
National Farmers Union Insurance	$772	$131
Nationwide	$922	$155
Progressive	$974	$164
Shelter	$1003	$169
Allstate	$1117	$190
Farmers	$1170	$195
Safeway	$1285	$218

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Average Car Insurance in Waterford 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 Waterford, MS increasing?

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

Car Insurance Premiums by Age in Waterford

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 Waterford,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 Waterford at $32 per month. At $5059 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	$190	$32
National General	$196	$33
Mississippi Farm Bureau	$213	$36
State Farm	$657	$111
USAA	$737	$124
Travelers	$899	$151
Farm Bureau	$1319	$224
Progressive	$1579	$266
Shelter	$2541	$432
Farmers	$3538	$590
Allstate	$3970	$675
Nationwide	$5059	$843

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 Waterford, Direct General Insurance is the cheapest car insurance provider. At $190 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 Waterford is Farmers, offering rates of around $3451 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Direct General Insurance	$190	$32
Mississippi Farm Bureau	$271	$46
Travelers	$882	$148
Progressive	$888	$149
USAA	$1072	$182
Nationwide	$1112	$187
Farm Bureau	$1313	$223
Allstate	$1792	$299
Shelter	$2287	$389
State Farm	$2783	$464
Farmers	$3451	$587

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Car Insurance Rates with An Accident in Waterford

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

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

The cheapest car insurance companies after an at-fault accident in Waterford include Mississippi Farm Bureau and Direct General Insurance, offering $213 and $306, respectively. Farmers is an expensive provider with an average six-month premium of $2795.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Mississippi Farm Bureau	$213	$36
Direct General Insurance	$306	$52
National General	$311	$51
State Farm	$329	$55
Safeway	$351	$58
USAA	$386	$65
Shelter	$565	$95
Travelers	$588	$99
Progressive	$645	$109
Farm Bureau	$986	$168
Nationwide	$1256	$211
Allstate	$1648	$280
Farmers	$2795	$466

Waterford Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Waterford MS. For example, the car insurance in Waterford after a DUI increases to $709 for a six month policy. While the rate increases by $237 for a six-month policy in the case of a speeding ticket.

Waterford auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1025	$171
One Med/PIP claim	$1025	$175
Not-at-fault accident	$1072	$178
One comp claim	$1095	$186
Two Med/PIP claims	$1101	$183
Driving without lights	$1181	$201
Two comp claims	$1187	$198
Failure to show documents	$1221	$208
Failure to wear a seat belt	$1221	$204
Child safety restraint	$1227	$209
Driving with expired registration	$1227	$205
Driving too slowly	$1239	$210
Failure to stop at a red light	$1239	$207
Speeding in school zone	$1239	$210
Cell phone violation	$1250	$209
Improper passing	$1256	$213
Texting while driving	$1256	$210
Wrong way/wrong lane	$1256	$213
Speeding 6 - 10 MPH over limit	$1262	$210
Failure to yield	$1268	$215
Speeding 11 - 15 MPH over limit	$1268	$211
Following too closely	$1274	$216
Illegal turn	$1274	$212
Speeding 16 - 20 MPH over limit	$1274	$216
Speeding 21 - 25 MPH over limit	$1285	$214
Passing school bus	$1297	$220
In 65 MPH zone	$1331	$222
At-fault accident - less than $1000	$1394	$237
Operating a vehicle without permission	$1406	$235
Open container	$1446	$246
At-fault accident - $1000-$2000	$1504	$250
At-fault accident - greater than $2000	$1504	$256
Driving with a suspended license	$1568	$261
Reckless driving	$1568	$267
Refusal to submit to a chemical test	$1717	$286
DUI	$1734	$295
Racing	$1752	$292
Leaving scene of an accident/hit and run	$1763	$300

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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 Waterford 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 Waterford.

The cheapest car insurance premiums in Waterford are offered by Mississippi Farm Bureau at $300 for a six-month policy. However, it can be as expensive as $2795 with companies like Farmers.

Waterford car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Mississippi Farm Bureau	$300	$51
Direct General Insurance	$306	$50
National General	$311	$53
State Farm	$715	$120
Travelers	$749	$126
Progressive	$766	$129
USAA	$991	$167
Farm Bureau	$1245	$208
Shelter	$1475	$248
Allstate	$1568	$264
Nationwide	$1596	$269
Farmers	$2795	$466

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 Waterford are offered by Mississippi Farm Bureau at $173. However, it can be as expensive as $1677 with companies like Nationwide for a similar six-month premium.

Cheapest Car Insurance in Waterford after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Mississippi Farm Bureau	$173	$29
Direct General Insurance	$242	$41
State Farm	$380	$64
Progressive	$668	$113
USAA	$726	$121
Farm Bureau	$824	$140
Travelers	$1019	$170
Shelter	$1210	$206
Allstate	$1233	$206
Farmers	$1464	$249
Nationwide	$1677	$279

Car Insurance Price Trends in Waterford, Mississippi

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

The average cost of full coverage in the Waterford remained steady at $198 in both November and October, indicating no change over the two month period.

The average cost of liability insurance in the Waterford remained steady at $45 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 Waterford?

The car insurance in Waterford is $25 per month, which is lower than the national average.

What is the cheapest car insurance in Waterford?

The cheapest car insurance in Waterford is $64 per month for full coverage.

How much is car insurance in Waterford for teenagers?

Car insurance for teenagers costs $190 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 Waterford?

The average cost of car insurance is $868 for a six-month policy. It will cost around $142 per month to insure your car in Waterford.

Is car insurance expensive in Waterford?

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

What is the best car insurance in Waterford, MS?

The best car insurance company in Waterford MS is Direct General Insurance, offering $374 for a six-month policy.