Tupelo Homeowners Insurance

Tupelo, MS is home to more than 38,000 people and is the seventh-largest city in Mississippi. If you own a house in Tupelo, you will want to be sure to protect your investment with a reliable home insurance policy. A local independent insurance agent can help you shop for a Tupelo homeowners insurance policy. Independent agents aren’t tied to one carrier. They can obtain competitive quotes, answer your questions, and make sure you get the coverage that best fits your needs and budget.

Cost of Homeowners Insurance in Tupelo, MS

Mississippi is the 6th most expensive state for home insurance in the US, and the average cost of homeowners coverage in Tupelo is higher than the national average. But that doesn’t mean that residents can’t still comparison shop for the best local rates. 

• National average yearly premium: $1,211
• Mississippi average yearly premium: $1,537
• Tupelo average yearly premium: $1,673

Of course, your homeowners insurance premiums will be more or less than the average for your city. That’s because rates are determined according to your exact coverage needs and the unique characteristics of your home. Insurance companies evaluate a variety of factors to determine how to price your coverage, including:

• The age, size, value, and building materials of your home
• Whether the property is your primary residence or a second home
• The type of home you are insuring (e.g., detached single-family house, townhouse or condo, mobile home, etc.)
• The crime rate and weather hazards in your city or ZIP code
• Your claims history and credit score
• The amount of coverage and deductible that you choose

Many policyholders qualify for discounts if they bundle multiple insurance policies with the same insurance company. Consider bundling your car insurance or life insurance with your home insurance in order to get the best rates. 

Burglary Rate in Tupelo, MS

Tupelo has a higher crime rate than the US overall and the state of Mississippi. This may make home insurance rates for city residents higher than in other cities. 

• Number of burglaries per 1,000 homes in the US: 3.76
• Number of burglaries per 1,000 homes in Mississippi: 6.98
• Number of burglaries per 1,000 homes in Tupelo: 9.87

If you do experience a break-in, a reliable homeowners insurance policy can help you get back on your feet quickly. It helps you pay for damage to your home, as well as repairing or replacing stolen or damaged possessions. It’s important to take precautions to protect your home from intruders. Always keep your home well-lit inside and out, and lock your doors even when you are at home. Consider installing a home security system, too. Not only are burglar alarms the best deterrents for thieves, but having one may also earn you a discount on your Tupelo homeowners policy. 

Save on Home Insurance

Our independent agents shop around to find you the best coverage.

Request a Quote

Catastrophic Events in Mississippi 

Tupelo experiences a variety of severe and damaging weather, from severe storms to tornadoes and hurricanes. In recent years, an EF3 tornado struck Tupelo, and another large tornado caused significant damage in Tupelo and other neighboring communities.

• Number of declared disasters in Mississippi: 83
• Most common reasons for disasters in the state: Severe Storms 
• Average number of tornadoes per year in Mississippi: 43
• Average amount of property damage per year in Mississippi: $414,262,000
• 1 in 15 insured homes has a claim each year

Tupelo has high annual precipitation, as well. Residents can have their homes damaged by wind, rain, and hail from more typical storms. While these events may not destroy your home, they can cause extensive—and expensive—damage. That’s why you need a reliable home insurance policy that will help you repair or replace damaged property and get back on your feet quickly. 

Liability Insurance for Tupelo Homeowners

Homeowners insurance provides policyholders with liability insurance. It is designed to cover you for claims of negligence and lawsuits that you may face as a property owner. If someone is injured on your property or in your home, or a member of your family injures a third party, you can expect to at least be required to reimburse the injured party for their related expenses. It’s also not unlikely that you could be sued for these kinds of incidents. If you are sued, the costs of defending yourself and compensating the injured party can be insurmountable. 

Your liability insurance pays for the injured party’s medical expenses, as well as court costs, attorney fees, and any settlements or judgments levied against you. Without it, you may have nowhere to turn to protect your assets. If you have liability risks beyond what your home insurance policy can cover, talk to an independent agent about how an umbrella policy can supplement your other coverage, and offer extensive protection of your assets if you are sued. 

Second Home and Vacation Home Insurance

Many Tupelo residents own a vacation home, cottage, or rental property. Any type of second home needs insurance coverage, and homes that do not serve as a primary residence actually have some additional risks involved. You may even find that your second home insurance is more costly than the coverage for your primary residence. Vacation homes are often left unoccupied and unattended for several months of the year. 

These homes are more susceptible to thefts, vandalism, break-ins and property damage than homes that are occupied all year. Vacant home insurance can help give you peace of mind in these situations. If you have a rental property, your risk for liability claims and lawsuits is higher. Landlord insurance is typically necessary if you own a second home that is occupied by tenants. An independent insurance agent in or near Tupelo can help you find the best policies to cover all of your properties. 

Why Work with an Independent Insurance Agent?

Independent insurance agents make it fast and easy to find the best policy to cover your Tupelo home. Because they aren’t tied to a single insurance company, they can help you comparison shop for the best coverage and most affordable rates for your needs. 

Find an independent agent in or near Tupelo to start comparing customized home insurance quotes from an assortment of highly-rated insurers.