The viscous fingering of miscible flow displacements in a homogeneous porous media is examined to determine the effects of an anisotropic dispersion tensor on the development of the instability. In particular, the role of velocity-dependent transverse and longitudinal dispersions is investigated through linear stability analysis and nonlinear simulations. It is found that an isotropic velocity-dependent dispersion tensor does not affect substantially the development of the instability and effectively has the same effect as molecular diffusion. On the other hand, an anisotropic velocity-dependent dispersion tensor results in different instability characteristics and more intricate finger structures. It is shown that anisotropic dispersion has profound effects on the development of the fingers and on the mechanisms of interactions between neighboring fingers. The development of the new finger structures is explained by examining the velocity field and characterized qualitatively through a spectral analysis of the average concentration and an analysis of the variations of the sweep efficiency and relative contact area.