Male vs. Female Car Insurance Rates in Mississippi

The difference in male vs. female car insurance rates in MS depends on where you go. Geico showed no difference in rates, but Progressive's choice plan costs females 14% more than males.

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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 21, 2021

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Here's what you need to know...

  • Car insurance premiums and deductibles will depend on one’s driving history and length of it, age, location, credit history, gender, race, and more
  • In some states, gender can be a very important factor that will raise/reduce insurance rates
  • Drivers seem to be safe from gender-based differences in car insurance rates in Mississippi

Getting a quote for a car insurance policy may seem like a very mindless process that only requires people to fill out forms. On the back end, however, this process gets a lot more complicated as various calculators assign values to all the information entered.

Once this data is analyzed, the quote offered will showcase how much liability a company is expecting from some particular driver.

Besides that basic and generic information, it is not a secret that insurance companies may take factors such as the following into account:

The usage of this data should not come with a negative connotation. Insurance companies inquire about one’s race, ethnicity, or gender so they can cross-reference these factors with driving histories of those demographic groups.

See how car insurance quotes compare for yourself. Use our rate tool above to find the best price for the coverage you need.

Male Versus Female Insurance Rates in Mississippi

In Mississippi, the three million residents make a very large driving group. The median household income in this state is little under $40,000 which is enough for most households to own their personal vehicle or two.

The state law requires people who own vehicles to properly register and insure them. Mississippi drivers can be a good example of potential differences between male and female insurance policy rates.

For the purposes of detailed analysis, major insurance companies Geico and Progressive will be used. You can see our data sheet here.

Both of these companies bring in billions of dollars in revenue annually and cover a large portion of the United States drivers.

Progressive has a revenue of over $20 billion. Geico, although not the largest insurance provider, accounts for a hefty market share that yields almost nine billion dollars.

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The Hypothetical Driver

In order to get consistent results that have not been affected by any variance in inputs, the same driver information was given to both companies. These individuals share the following statistics:

  • 25-year-old single homeowner
  • Has a college degree
  • Works as a computer programmer
  • Travels 12-15 thousand miles per year
  • Has one speeding ticket in the last 12-24 months for driving less than 20 mph over the limit
  • Drives a Nissan Altima from 2012  that has been insured with the current provider for over three years

During the research stages, no discounts were requested by the two insurers, although some discounts may have been applied automatically. Also, the results did not consider any uninsured motorist property damage.

Even though these rates may be reflective of an average offering that takes place in Mississippi, relying solely on two companies and two hypothetical drivers is insufficient. People should do a lot more research on their particular situation.

Progressive Insurance Rate Differences

The first company reviewed will be Progressive, the bigger of the two, as there are more packages offered and a lot more data to go over.

Basic Plan

Female quote: $104.40 down payment and $84.52 a month or $475 total paid upfront.

Male quote: $103.20 down payment and $83,56 a month or $469 total paid upfront.

This difference is not large and comes out to barely one percent in favor of male drivers.

This plan does not include any collision or comprehensive coverage.

Choice Plan

Male quote: $181.80 down payment and $146.44 a month or $794 total paid upfront.

Female quote: $208.60 down payment and $167.88 a month or $909 total paid upfront.

Now, the difference becomes material as females will have to pay over 14 percent more than males.

Recommended Plan

The last option is the one most commonly selected by drivers. It is the most expensive one that will come with a $500 deductible for collisions and comprehensive coverage, just like the Choice plan.

Female quote: $261.60 down payment and $210.28 a month or $1,135 total paid upfront.

Male quote: $253.50 down payment and $203.72 a month or  $1,105 total paid upfront.

The semi-annual rate costs a male 2.7 percent less than a female.

Ultimately, the Choice plan comes with the largest gender price difference.

Geico Insurance Rate Differences

Geico usually provides two options for drivers to choose from. When it comes to male-female rate differences in Mississippi, Geico’s quotes had none. The prices for option one and two were completely identical.

Male quotes:

  • First option: $59.15 monthly rate or $324.90 upfront for six months
  • Second option: $67.12 monthly rate or $372.70 upfront for six months

Female quotes:

  • First option: $59.15 monthly rate or $324.90 upfront for six months
  • Second option: $67.12 monthly rate or $372.70 upfront for six months

Neither one of these two options comes with collision or comprehensive coverage.

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Compare Car Insurance Quotes

Based on the research conducted, it is hard to determine if there are any consistent discrepancies between the genders and car insurance rates.

Yes, Progressive’s Choice plan showed some very large differences, but their Basic and Recommended plan did not indicate a huge bias. Furthermore, Geico’s rates were the same for both genders.

Regardless of the verdict, people shopping for insurance should focus on more than just Geico and Progressive. There are dozens of companies that have offers ranging in premiums and deductibles.

To find the best one, people can visit enter their ZIP code into our free comparison tool below! The comparison of data will serve as a learning experience for the driver who will be able to make the best decision!

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