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Best Montana Home Insurance (August 23)

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Are you looking to get the best Montana home insurance quotes in Montana? Our analysis of all the major insurance companies will guide you in finding the best homeowners insurance in Montana.

Key Takeaways

  • Montana homeowners insurance costs annually.
  • Insurers offer home insurance policies in the state starting at around $1,191 annually.
  • Try buying extra coverages to cover flood and earthquake damages in Montana.

Montana homeowners insurance: What you need to know

On average, Montana home insurance costs $2,008 yearly, which is higher than the national average rate.

Because of Montana's varied topography, residents must prepare for any weather situation, from blizzards to droughts. So, homeowners require a home insurance policy that can cover all types of damages. But will that increase the Montana home insurance rates? Fortunately, despite the unpredictable weather, residents can still obtain a reasonably affordable insurance policy through us! Keep reading to know more.

What does a homeowners insurance policy cover?

Ideally, a home insurance policy covers Personal Property, Liability, Dwelling, Other Structures, Medical Payments to Others, and Additional Living Expenses. But you can also buy these coverages in Montana.

  • Flood insurance: Flooding damage could be a major issue depending on the location of your home. Because a standard homeowners insurance policy doesn't cover flood damage, you must buy a separate policy through National Flood Insurance Program (NFIP) or a private insurer.
  • Earthquake coverage: Like flood insurance, you must purchase earthquake insurance separately. The western portion of Montana experiences most of the state's seismic activity, making earthquakes a greater concern for residents.

What isn’t covered by a typical homeowners insurance policy?

Typically a home insurance policy doesn’t cover flooding, earthquakes, nuclear threats, power outages, insect and vermin infestations, wear and tear, war, sinkholes, or intentional loss. So, always double-check your policy before buying to ensure the coverages you receive.

The cheapest home insurance companies in Montana

The cost of home insurance in Montana varies depending on your chosen insurance company. Pacific Insurance offers the most affordable home insurance in Montana, with a yearly average premium of $1,191 per year. Do you want to buy an even cheaper insurance policy? Then compare the rates of all insurers in your area and find the most affordable one.

Insurer Average annual rate
Pacific Insurance $1,191
Trinity Universal $1,299
Safeco $1,478
Farmers $1,723
USAA $1,933

See what you could save on home insurance

The best homeowners insurance in Montana for those with poor credit

Insurers consider low credit scores as a sign of risky behavior and more claim filings, so many charge higher premiums. USAA has the most affordable home insurance rates for a homeowner with bad credit, with an average rate of $2,616 annually.

Insurer Average annual rate
USAA $2,616
Farmers $3,533
Allstate $4,444
State Farm $4,750
Travelers $29,451

The best homeowners insurance in Montana for pool owners

Expect your home insurance rates to go high if you’ve got a swimming pool. Many insurers consider swimming pools an ‘attractive nuisance,’ which means it is dangerous to children and has a higher probability of liability claims. USAA has the cheapest Montana home insurance rates for homes with a swimming pool, with a yearly average rate of $1,662.

Insurer Average annual rate
USAA $1,662
Farmers $1,972
State Farm $2,773
Allstate $3,023
Travelers $12,626

The best homeowners insurance in Montana for dog owners

If you own a dog that your insurer considers ‘dangerous,’ you may have to pay more for Montana homeowners insurance. Higher home insurance relates to the increased risk of keeping an ‘aggressive’ dog. USAA has the most affordable home insurance rates in Montana for a home with a dangerous dog breed, with an average annual rate of $1,662.

Insurer Average annual rate
USAA $1,662
Farmers $1,972
State Farm $2,773
Allstate $3,023
Travelers $11,479

Homeowners insurance deductibles in Montana

When buying a home insurance policy, you must decide how high or low to set the deductible. A deductible is a sum you must pay before an insurer covers a claim. The deductible you choose can impact how much you pay in insurance premiums. So, the lower your deductible, the higher your premium will be. These are some of the most common deductibles most insurers offer, along with the corresponding average insurance rates.

Deductible Level Average annual rate
$500 $1,979
$1,000 $1,829
$1,500 $1,749
$2,000 $1,648
$5,000 $1,419

Montana home insurance prices by coverage levels

The level of coverage you select has a substantial impact on the cost of your home insurance rates. Having $200,000 in dwelling coverage costs an average of $1,565 per year in the state. At the same time, carrying coverage up to $400,000 costs as much as $2,521 yearly.

Dwelling coverage cost Average annual rate
$100,000 $993
$200,000 $1,565
$250,000 $1,829
$400,000 $2,521

Montana homeowners insurance costs by city

The area where you live can impact the cost of homeowners insurance in Montana. Factors like the ZIP Code and theft rate can influence the rates. The following are the rates in the cities.

City Average annual rate
Absarokee $1,707
Acton $2,376
Alberton $1,209
Alder $1,231
Alzada $2,776
Anaconda-Deer Lodge County $1,266
Angela $2,791
Antelope $2,176
Arlee $1,429
Ashland $2,491
Augusta $1,672
Avon $1,199
Babb $1,700
Bainville $2,309
Baker $2,846
Ballantine $2,394
Basin $1,504
Bearcreek $1,707
Belfry $1,790
Belgrade $1,166
Belt $1,896
Biddle $2,800
Big Arm $1,540
Big Sandy $1,726
Big Sky $1,333
Big Timber $1,671
Bigfork $1,386
Bighorn $2,573
Billings $2,256
Birney $2,396
Black Eagle $1,799
Bloomfield $2,559
Bonner $1,375
Bonner-West Riverside $1,270
Boulder $1,470
Box Elder $1,633
Boyd $1,890
Boyes $2,776
Bozeman $1,178
Brady $1,760
Bridger $1,799
Broadus $2,753
Broadview $2,465
Brockton $2,309
Brockway $2,840
Browning $1,567
Brusett $2,469
Buffalo $2,133
Busby $2,236
Butte $1,414
Bynum $1,696
Cameron $1,321
Canyon Creek $1,681
Capitol $2,776
Cardwell $1,471
Carter $1,772
Cascade $1,843
Charlo $1,477
Chester $1,886
Chinook $1,829
Choteau $1,682
Circle $2,477
Clancy $1,504
Clinton $1,342
Clyde Park $1,290
Coffee Creek $2,022
Cohagen $2,758
Colstrip $2,756
Columbia Falls $1,278
Columbus $1,710
Condon $1,402
Conner $1,571
Conrad $1,632
Cooke City $1,278
Coram $1,463
Corvallis $1,296
Crane $2,281
Crow Agency $2,389
Culbertson $2,309
Custer $2,415
Cut Bank $1,687
Dagmar $2,329
Darby $1,277
Dayton $1,532
De Borgia $2,246
Decker $2,392
Deer Lodge $1,215
Dell $1,324
Denton $2,064
Dillon $1,291
Divide $1,522
Dixon $1,343
Dodson $1,883
Drummond $1,280
Dupuyer $1,712
Dutton $1,891
East Glacier Park $1,635
East Helena $1,603
East Missoula $1,270
Edgar $1,933
Ekalaka $2,788
Elliston $1,222
Elmo $1,515
Emigrant $1,376
Ennis $1,238
Essex $1,536
Ethridge $2,627
Eureka $1,149
Evaro $1,430
Evergreen $1,245
Fairfield $1,772
Fairview $2,287
Fallon $2,968
Fishtail $1,722
Flaxville $2,280
Florence $1,350
Floweree $1,782
Forest Grove $2,126
Forsyth $2,664
Fort Belknap Agency $1,789
Fort Benton $1,740
Fort Harrison $1,642
Fort Peck $2,461
Fort Shaw $1,890
Fort Smith $2,212
Fortine $1,457
Four Corners $1,177
Frazer $2,373
Frenchtown $1,291
Froid $2,311
Fromberg $1,927
Galata $1,654
Gallatin Gateway $1,352
Gardiner $1,289
Garrison $1,251
Garryowen $2,237
Geraldine $1,897
Geyser $1,912
Gildford $1,722
Glasgow $2,381
Glen $2,383
Glendive $2,507
Glentana $3,048
Gold Creek $1,291
Grantsdale $2,286
Grass Range $2,132
Great Falls $1,737
Greycliff $1,888
Hall $1,322
Hamilton $1,270
Hammond $2,729
Hardin $2,398
Harlem $1,788
Harlowton $1,603
Harrison $1,323
Hathaway $2,791
Haugan $1,258
Havre $1,776
Havre North $1,776
Hays $1,778
Heart Butte $1,614
Helena $1,661
Helena Flats $1,245
Helena Valley Northeast $1,759
Helena Valley Northwest $1,619
Helena Valley Southeast $1,611
Helena Valley West Central $1,662
Helena West Side $1,630
Helmville $1,262
Heron $1,439
Highwood $2,025
Hilger $2,140
Hingham $1,832
Hinsdale $2,312
Hobson $2,123
Hogeland $2,024
Homestead $2,329
Hot Springs $1,190
Hungry Horse $1,453
Huntley $2,480
Huson $1,312
Hysham $2,578
Ingomar $2,590
Inverness $1,847
Ismay $2,994
Jackson $1,316
Jefferson City $1,511
Joliet $1,807
Joplin $1,893
Jordan $2,593
Judith Gap $2,043
Kalispell $1,246
Kevin $1,730
Kila $1,331
Kinsey $2,778
Kremlin $1,810
Lake McDonald $1,336
Lakeside $1,328
Lambert $2,281
Lame Deer $2,346
Larslan $2,377
Laurel $2,569
Lavina $2,049
Ledger $1,849
Lewistown $2,196
Libby $1,410
Lima $1,408
Lincoln $1,629
Lindsay $2,526
Livingston $1,271
Lloyd $1,766
Lockwood $2,247
Lodge Grass $2,239
Lolo $1,316
Loma $1,876
Lonepine $1,176
Loring $1,975
Lothair $2,186
Malmstrom AFB $1,814
Malta $2,154
Manhattan $1,282
Marion $1,291
Martin City $1,483
Martinsdale $1,576
Marysville $1,681
McAllister $1,311
McLeod $1,783
Medicine Lake $2,330
Melrose $1,477
Melstone $1,871
Melville $1,652
Mildred $2,968
Miles City $2,735
Milltown $1,297
Missoula $1,299
Moccasin $2,051
Molt $2,268
Monarch $1,728
Montana City $1,512
Moore $2,201
Mosby $2,467
Musselshell $1,871
Nashua $2,369
Neihart $1,728
Niarada $1,179
Norris $1,218
North Browning $1,567
Noxon $1,401
Nye $1,851
Oilmont $1,680
Olive $2,800
Olney $1,314
Opheim $2,234
Orchard Homes $1,336
Otter $2,800
Outlook $2,127
Ovando $1,317
Pablo $1,410
Paradise $2,313
Park City $1,918
Peerless $2,128
Pendroy $1,719
Philipsburg $1,307
Pinesdale $1,265
Plains $1,266
Plentywood $2,177
Plevna $2,894
Polaris $1,360
Polebridge $1,340
Polson $1,283
Pompeys Pillar $2,223
Pony $1,338
Poplar $2,315
Powderville $2,800
Power $1,917
Pray $1,282
Proctor $1,527
Pryor $2,396
Radersburg $1,592
Ramsay $1,340
Rapelje $1,951
Ravalli $2,460
Raymond $2,127
Raynesford $1,909
Red Lodge $1,632
Redstone $2,127
Reed Point $1,920
Reserve $2,329
Rexford $1,220
Richey $2,503
Richland $2,234
Ringling $1,534
Riverbend $1,226
Roberts $1,838
Rocky Boy's Agency $1,753
Rocky Point $1,444
Rollins $1,521
Ronan $1,408
Roscoe $1,847
Rosebud $2,791
Roundup $1,865
Roy $2,128
Rudyard $1,849
Ryegate $1,917
Saco $2,265
Saint Marie $2,370
Saint Regis $1,248
Saint Xavier $2,425
Saltese $1,304
Sand Coulee $1,934
Sand Springs $2,467
Sanders $2,499
Sangrey $1,753
Savage $2,287
Scobey $2,129
Seeley Lake $1,307
Shawmut $1,831
Shelby $2,040
Shepherd $2,464
Sheridan $1,243
Sidney $2,287
Silver Gate $1,486
Silver Star $1,306
Simms $1,817
Somers $1,300
South Browning $1,568
Springdale $2,306
St. Ignatius $1,435
Stanford $1,980
Stevensville $1,504
Stockett $1,904
Stryker $1,457
Sula $1,350
Sumatra $3,168
Sun Prairie $1,837
Sun River $1,958
Sunburst $1,636
Superior $1,222
Sweet Grass $1,654
Teigen $1,990
Terry $2,900
Thompson Falls $1,290
Three Forks $1,333
Toston $1,592
Townsend $1,617
Trego $1,674
Trout Creek $1,302
Troy $1,355
Turner $2,025
Twin Bridges $1,282
Two Dot $1,819
Ulm $1,865
Valier $1,649
Vandalia $3,048
Vaughn $1,897
Victor $1,249
Vida $2,441
Virginia City $1,230
Volborg $2,778
Walkerville $1,362
West Glacier $1,483
West Glendive $2,507
West Yellowstone $1,328
Westby $2,330
White Haven $1,410
White Sulphur Springs $1,507
Whitefish $1,265
Whitehall $1,539
Whitetail $2,128
Whitewater $1,975
Whitlash $1,756
Wibaux $2,582
Willard $2,894
Willow Creek $2,359
Wilsall $1,360
Winifred $2,125
Winnett $2,000
Winston $1,592
Wisdom $1,313
Wise River $1,354
Wolf Creek $1,691
Wolf Point $2,390
Worden $2,586
Wyola $2,237
Zortman $1,917
Zurich $1,805

Home and auto insurance bundling in Montana

How can you get cheap home insurance in Montana? One way is by bundling your home and auto insurance policies.

Average annual rate (without bundling) Average annual rate (with bundling) Yearly savings (in $) Yearly savings (in percent)
$2,008 $1,850 $158 7.87%

Home insurance discounts in Montana

What’s one way by which you can reduce the home insurance rates in Montana? Then use the discounts that your insurer offers. But always ensure to check which discounts you qualify for.

Insurer Bundling Discounts Loyalty Discounts Military Discounts New Home Credit Discounts Claim-Free Discounts Protective Devices Discounts
Farmers -
Allstate - -
State Farm - - -
USAA -
Nationwide - -
Liberty Mutual - - - - -
Progressive - - -
Amica - -
Chubb - -
American Family - -
Lemonade - - -

Comparing common features across top companies

Are you trying to buy the best home insurance in Alaska? Then you must check whether the insurance company offers these features!

Insurer Identity Theft Protection Valuable Possessions Water Backup Other Structures Coverage Dwelling /Personal Property Replacement
Farmers Optional No Optional Optional
Allstate Optional Optional Optional Optional
State Farm Optional Optional Optional Optional
USAA Optional No
Nationwide Optional Optional Optional Optional
Liberty Mutual Optional Optional Optional Optional
Amica Optional Optional Optional Optional
Chubb Optional Optional
American Family Optional Optional No
Lemonade Optional Optional

Common causes of home insurance claims in Montana

These are a few reasons that lead to home insurance claims in Montana.

  • Lightning and fire damage: According to the National Interagency Coordination Center (NICC), around 750,000 acres burned due to fire in Montana. Almost 570,000 acres were burned due to lightning storms, with the remainder due to human reasons.
  • Storm, wind, and hail damage: Strong winds and severe storms can cause substantial and costly damage to homes. On average, Montana experiences around five tornadoes annually, causing an average of $6.6 million in damage from wind and related storms.
  • Flooding and water damage: Always check whether your home is in a flooding zone. Since flooding incidents are rising, homeowners may consider purchasing flood insurance.

Does homeowners insurance cover flooding in Montana?

Ideally, home insurance policies don’t cover flood damage. So, buying extra flood insurance through the National Flood Insurance Program (NFIP) of FEMA or a private insurer is always safe. The coverage of private flood insurers may differ, but NFIP offers these coverages.

  • Your home's structure - $250,000
  • Personal property - $100,000

See what you could save on home insurance

Does homeowners insurance cover hail damage in Montana?

A home insurance policy typically offers coverage for hail damage, but your policy may only cover certain repairs. According to the National Weather Service data, the state experienced around 106 reported hail storms in 2021. Because hail is frequent in Montana, some policies may limit your ability to file a claim if your damage is more than cosmetic. Also, expect your home insurance premiums to surge if you live in a zone prone to hail.

Factors that affect home insurance rates in Montana

Are you looking for cheap homeowners insurance in Montana? Then check for these factors before buying one.

  • Your location: The home insurance rate depends on factors like your ZIP Code and the area theft rate.
  • Replacement cost: The rate of home insurance policy in Montana differs based on local labor and construction material costs.
  • Age/condition: Newer properties are less expensive to insure than older ones.
  • Claims history: If you regularly file claims, insurance companies will view you as a risk. So, your home insurance premiums will increase.
  • Credit history: Most insurance companies will check your credit score before providing you with a policy. The Montana homeowners insurance cost will increase if your credit score is low.
  • Dog breed: Many insurers label certain dog breeds 'dangerous.' If your insurer considers your dog so, the Montana home insurance rates will increase.

Tips for buying homeowners insurance

Are you looking to find the best home insurance in Montana? Then follow these tips!

  • Assess your rebuilding costs: Consult an insurance agent or a reputed builder to calculate the cost of rebuilding your home using low-cost building supplies and local labor.
  • Review the advantage of replacement cost over actual cash value: You may requirereplacement cost insurance for your home and other belongings.
  • Consider add-on coverage for your expensive items: You must buy personal property coverage if you own expensive items such as high-end electronics, sporting equipment, musical instruments, or antiques.
  • Evaluate your liability coverage needs: Always calculate the required minimum liability insurance.
  • Assess coverage gaps: Many insurers offer high coverage limits for landscaping elements like trees and bushes.
  • Check financial ratings: Most insurance companies will have ratings from organizations like AM Best and Standard & Poor's. For instance, some companies won't let you apply for a mortgage if your insurance company doesn't have a minimum 'A' financial strength rating.
  • Check for discounts: Ensure you use all the discounts your insurer offers.
  • Compare quotes from various insurance companies: Your home insurance premiums can vary based on the insurer. To find the best home insurance policy in Montana, you must compare quotes from all the insurers possible.

How to get Montana home insurance with Way.com

The average cost of home insurance in Montana is around $2,008 yearly. The rate is higher than the national average rate. So, you will be looking for a policy with an even cheaper rate. But how can you get one? That’s where Way.com becomes your best friend!

You have to use our app or website to find quotes from all the insurance companies in Montana. Then you must compare the quotes and buy a policy with the most affordable rate. Do you need extra help? Then our insurance agents in the state can guide you. They will help you understand Montana home insurance laws, the most complex insurance terms, discounts, and coverages. So, contact them soon if you want to buy a policy today!

FAQs

What is the average cost of homeowners insurance in Montana?

The average cost of home insurance in Montana is around $2,008 yearly.

Do I need homeowners insurance in Montana?

No, the law doesn’t mandate having homeowners insurance. But your mortgage company may demand it to obtain a loan.

Which insurance company provides the cheapest homeowners insurance rate in Montana?

Our analysis found that Pacific Insurance has the most affordable rates, with a yearly premium of $1,191. But you can find even cheaper rates. For that, you must compare the rates from all insurers and buy the one with the cheapest rate.

How do I get homeowners insurance in Montana?

You must provide basic information about yourself and your property to buy one. It should include your name, address, year of construction, and any special features it may have. You must also mention to the insurer how old your roof is, whether you have a dog, and if you have ever filed a claim with your previous insurer.


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