Biloxi Home Insurance

Biloxi home insurance shields your property from everything from hailstorm damage to theft.
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Building or Buying a Home in Biloxi

Imagine life in a bustling suburb with access to the sandy beaches and glistening waves of the Gulf Coast. That's the daily reality for residents of Biloxi, a small Southern Mississippi city of just under 50,000 residents. It's part of the Gulfport metro, one of the state's most populous areas with more than 400,000 people. Biloxi is a popular place to visit with many upscale casino resorts, cultural attractions and sportfishing events. The relatively low cost of living attracts many homebuyers to this comfortable corner of the South.

Exploring the Local Property Market

Homes in Biloxi cost about 38% less than the national average, with a median price of just $210,000 based on data from Sperling's Best Places. The city has many new properties, with nearly half of the homes here constructed after 2000. What's more, homes in Biloxi are appreciating at more than double the average national rate, so it's a smart time to invest if you're interested in moving to this Gulf Coast city. 

Possible Issues for Biloxi Homeowners

Biloxi's property crime rate is 5.77 annual incidents per 100 residents, more than double the national rate of 2.11 and significantly higher than the Mississippi rate of 2.38. The city has a burglary rate of 1.34 per 100 residents each year, compared to a state rate of 0.62 and a national rate of 0.34. Comprehensive Biloxi home insurance can ensure your home and your personal assets have protection from theft and vandalism. You can find affordable rates by comparing quotes with VIU by HUB.

Homes in Biloxi have an elevated risk of hurricane damage because of their location on the Gulf of Mexico. Tornadoes are also becoming more common in the state. Although most standard home insurance policies cover wind damage, you may need a coastal winds rider depending on your exact location. You might also want to purchase a separate policy for flood insurance since flood damage is typically excluded from standard coverage.

Average Cost of Biloxi Home Insurance

According to Nerdwallet, Biloxi residents pay an average of $3,725 for an annual home insurance policy, significantly above both the state average of $2,510 and the national average of $1,820. The prevalence of property crimes in Biloxi influences the city's expensive home insurance premiums. At the same time, the statewide risk for severe weather pushes premiums higher than in other parts of the U.S. Providers increase rates to offset the risk of claims.

Home Insurance Requirements in Mississippi

Mississippi doesn't require homeowner's insurance, but you likely need dwelling and liability coverage under the terms of your mortgage. Even if you don't have a loan on your property, having enough Biloxi home insurance protects you from a significant out-of-pocket cost in an unexpected disaster. 

Although Biloxi has a low cost of living, it's important to update your policy to keep up with property appreciation. Insuring the replacement value of the home ensures you will be able to make the necessary repairs or find a comparable property to buy if a covered event strikes. You can save on the insurance you need by shopping around by provider. Your rates can vary drastically from one company to the next.

You can compare personalized quotes from multiple providers quickly with VIU by HUB. Our online tool is the best way to save on Biloxi home insurance.

This information is intended for general informational purposes only and is not intended to constitute legal advice.



Sperling's Best Places

Home insurance in Mississippi by city

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