What Coverage is required in Mississippi
In the state of Mississippi, it is mandatory for a driver to keep and to carry a liability insurance card while operating a vehicle. You can legally satisfy Mississippi's auto insurance law by showing evidence of liability insurance with the bodily injury and property damage limits, which are equal to the least amount of coverage necessary. You can also issue a bond for the same amount, or make a cash or precautionary deposit that is equivalent to the required minimums.
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Penalties for not having auto insurance in Mississippi
Auto or vehicle liability insurance is the most effective way to protect yourself, both physically and economically in the case of a motor vehicle accident. Sometimes, being insured can be less costly than being uninsured – the penalty for not maintaining an insurance card is a fine of $1,000 and the deferral of your driving rights for one year, or until you show proof of coverage.
Mississippi auto insurance that isn't mandatory by law
Other components of Mississippi auto insurance include collision coverage, comprehensive coverage and medical payments coverage.
- Collision coverage is not mandatory and covers the costs of repairing your car in the aftermath of an accident.
- Comprehensive coverage compensates or repays you if your car is stolen. You can also receive full reimbursement for the loss of your car in the event of an accident, should you so designate. Comprehensive coverage is not obligatory.
- Medical Payments coverage will pay for your injury costs in the event of an accident, even if you are at fault. If you have health insurance, however, it is unnecessary.
- Uninsured / Underinsured Motorists (UM/UIM) coverage provides a claim for your damages when an under-insured or uninsured person injures you.