Find affordable car insurance with bad credit by comparing rates.
It can be tough to find cheap auto insurance with a poor credit rating. Auto insurance companies rely on credit history as a rating factor, setting prices based partially on drivers’ credit histories. Because auto insurance companies use historical data showing clients with poor credit have a greater likelihood of filing auto insurance claims, they compensate for that added risk by charging more expensive rates.
Car insurance rates with a low credit score depends on which company you choose, where you live, and other rating factors. See below average car insurance rates for drivers with bad credit in major Montana cities, along with rates from a few of the most popular car insurance companies, followed by tips on how to save on car insurance if you have bad credit in Montana.
Montana drivers pay a penalty of $1,859 annually for having a credit score in the “worst” tier. A driver in the "poor" or "below fair to poor" credit tiers will also pay above-average rates for a car insurance policy.
|Credit Tier||Average Annual Rate in Montana|
|Below Fair to Poor||$2,645|
|Average — All Credit Tiers||$1,615|
Your car insurance rates can also fluctuate based on the geographic area where you park your car. Insurers rely on your address to estimate your likelihood of filing a claim: the denser and claim-prone your immediate area is, the more expensive rates you’ll pay.
We've listed major Montana cities and their mean auto insurance rates for drivers with low credit scores.
|City||Average Annual Rate — Worst Credit||Average Annual Rate — Poor Credit||Average Annual Rate — Below Fair to Poor Credit|
Another factor contributing to your car insurance rate is the company you choose. Each auto insurance company prices its policies differently, giving rating factors varying weights in their pricing calculations. Credit history can be a major differentiator in price between insurance companies. In Montana, the cheapest insurance company with bad credit is USAA, which offers a discount of $822 annually versus the second-cheapest company, National Farmers Union Property.
See prices from leading auto insurance companies in Montana for drivers with bad credit.
|Company||Average Annual Rate — Worst Credit|
|National Farmers Union Property||$2,194|
If you're dealing with the difficulty of finding car insurance with a bad credit history, consider these tips: