Montana homeowners insurance: what you need to know
The average price of home insurance in Montana is $2,042 per year or $170 per month. Home insurance is an optional but important insurance coverage. It keeps your investment insured in the event your house suffers damage from an array of circumstances, such as wind damage, fire, theft, vandalism, and others.
Unlike car insurance, home insurance isn't controlled by state legislation. That said, there are major differences in home insurance costs on a state-by-state basis including Montana, which sees lower home insurance costs than most states. Home insurance policy costs in states may vary depending on the number and total value of home policy claims across the state, and depend on the value of the dwelling and belongings being insured.
The best way to find a cheap homeowners insurance policy in Montana is to compare rates and consider policies from as many companies as possible. Get an idea of homeowners insurance costs in Montana by referencing the below tables. Your rates may vary, depending on your coverage details.
Table of contents:
- Rates by company
- Rates by coverage amount
- Rates by deductible amount
- Rates by city
- Bundling savings
- Frequently asked questions
- Natural disaster coverage
The cheapest home insurance companies in Montana
Prices for home insurance in Montana can vary depending on which insurer you use. Pacific Insurance provides the cheapest home insurance in Montana, at only $1,179 yearly. This is less than the state average cost of $2,042, offering an $862 discount on average statewide home insurance costs.
Start your search for low-priced coverage by viewing average rates from top Montana home insurance carriers, listed below.
AFFORDABLE HOME INSURERS IN MONTANA
| Insurance Company | Average Yearly Rate in Montana |
| Pacific Insurance | $1,179 |
| Trinity Universal | $1,287 |
| Safeco | $1,466 |
| Farmers | $1,711 |
| USAA | $1,921 |
Montana home insurance prices by coverage levels
How much you spend on home insurance coverage is greatly impacted by the level of coverage you choose. In Montana, carrying $200,000 dwelling coverage costs an average of $1,553 per year, while maintaining coverage up to $400,000 costs as much as $2,509 per year.
POPULAR COVERAGE LIMITS IN MONTANA
| Coverage Level | Average Annual Cost |
| $100,000 Dwelling | $981 |
| $200,000 Dwelling | $1,553 |
| $250,000 Dwelling | $1,817 |
| $400,000 Dwelling | $2,509 |
Homeowners insurance deductibles in Montana
Among the many decisions faced by homeowners when buying homeowners insurance is how high or low to set the deductible. A deductible is the amount for which a homeowner is responsible before the insurer will cover a claim. The deductible chosen can impact how much you pay in insurance premiums.
A good rule of thumb is: the lower your deductible, the higher your premium. Therefore, it might make sense to set a higher deductible if you are hoping to pay lower premiums. Remember: your homeowners deductible should not be set at an amount that you would have difficulty paying in the event of a loss.
Below are some common deductible options offered by most home insurance companies as well as with corresponding average insurance rates.
HOME INSURANCE PREMIUMS BY DEDUCTIBLE IN MONTANA
| Deductible Tier | Average Annual Homeowners Insurance Rate |
| $500 | $1,967 |
| $1,000 | $1,817 |
| $1,500 | $1,737 |
| $2,000 | $1,636 |
| $5,000 | $1,407 |
Montana homeowners insurance costs by city
Not all Montana cities have equal homeowners insurance rates. Policies are often priced on city-specific variables, including the number of claims filed nearby, lending your ZIP code plenty of weight in deciding how much you pay.
The cheapest home insurance rates in Montana are in Evergreen. An average homeowners insurance policy in Evergreen costs just $1,357 per year — $685 less than the average homeowners policy in other Montana cities. The below table shows the best places to live in Montana if you’re looking for cheap homeowners insurance.
CHEAPEST CITIES FOR HOMEOWNERS INSURANCE IN MONTANA
| City | Average 12-Month Home Insurance Rate |
| Evergreen | $1,357 |
| Whitefish | $1,435 |
| Columbia Falls | $1,437 |
| Belgrade | $1,497 |
| Missoula | $1,511 |
Home and auto insurance bundling in Montana
If you're trying to save, consider purchasing both your home and auto insurance policies from one company. Bundling auto and homeowners insurance in Montana can lead to substantial savings on your auto insurance bill. Bundling home and auto policies in Montana leads to yearly savings of $146.
HOME AND AUTO BUNDLING DISCOUNTS IN MONTANA
|
Avg. Annual Rate (No Bundle) |
Avg. Annual Rate (w/ Bundle) |
Annual Savings ($) |
Annual Savings (%) |
| $1,347 | $1,201 | $146 | 12% |
Montana homeowners insurance FAQs
Does Progressive carry home insurance in Montana?
Yes - Progressive is an option for homeowners insurance in Montana.
Why is home insurance so expensive in Montana?
Rates are set by insurance companies accordingly by weighing the likelihood of perils that may occur in certain areas. As a result, rates may be on the more expensive side depending on where you live in Montana.
Natural disaster coverage in Montana
Does homeowners insurance cover flooding in Montana?
Flood damage is not covered by homeowners insurance policies. To insure your home against flood damage in Montana, acquire insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurer.
Flood insurance coverage from private companies may vary, but NFIP flood insurance covers:
- $250,000 for your home’s structure
- $100,000 for your personal property
If the value of your personal property and home exceeds these limits, consider purchasing a flood insurance policy from our partners at Neptune for additional protection.
