As anyone responsible for paying their car insurance bill is probably aware, auto insurance rates tend to rise each year. But auto insurance pricing is complex: the reasons for rate hikes or price breaks are myriad, and vary based on the driver's location.
Geographic location is among the primary rating factors used by insurance companies to set premiums. The state, city, and ZIP code in which a vehicle is parked and operated help to determine auto insurance rates — this comes down to state statutes and the varying risks associated with insuring cars in different areas.
Due to the multi-faceted nature of car insurance pricing, year-over-year rate trends vary widely by state. Auto insurance rates might be increasing each year in a state while they decrease for drivers across state lines.
See below car insurance rate trends in Montana. If your insurance isn't following your state's trend, consider shopping for a more affordable policy. The Zebra's auto insurance comparison engine gathers car insurance rates based on your individual profile — enter your ZIP below to get started.
Auto insurance pricing trends in Montana
Average annual auto insurance premiums in Montana decreased by $360 over the past year. A typical Montana driver faces an average rate of $1,387 annually.
The recent trend in Montana leans toward more expensive car insurance rates. From 2015 to 2018, rates increased by $296 annually. Meanwhile, insurance prices across the nation have jumped in the past few years, increasing from $1,280 in 2015 to $1,470 in 2018.
MONTANA CAR INSURANCE RATE TRENDS
|Year||Avg. Annual Premium — Montana||Yearly Change — Montana||Avg. Annual Premium — USA||Yearly Change — US|
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How are auto insurance rates changing in the biggest Montana cities?
Auto insurance rates depend on the driver's location, with a variety of location-specific variables impacting how much you pay. That means drivers can see major differences in their auto insurance rates, based on their ZIP code or city. For example, Billings drivers experienced a larger premium increase (5.9%) than did drivers in Bozeman (5.4%) between 2018 and 2017.
See below annual rate changes in major Montana municipalities. If your location is experiencing ongoing rate hikes, consider shopping for a cheaper policy.
|City||Avg. Rate Increase — 2018 vs. 2017|