Renters insurance is a great — and cheap! — way to ensure your personal belongings are insured against common incidents. A renters insurance policy defends household items from fire, smoke damage, a wind storm, theft, vandalism and an array of other events.
Unlike auto insurance, renters policies aren’t priced based on state laws. Even so, there are relatively large variations in the cost of renters insurance by state. Renters insurance prices in states differ depending on the number and cost renters insurance claims filed in the state, and depend on the value of the belongings insured on the policy.
Montana renters insurance is cheaper than the nationwide average. The average annual cost of renters insurance in Montana is $155, $30 less expensive than the national average.
The easiest way to acquire a cheap renters insurance policy in Montana is to compare rates and consider policies from as many insurance companies as you can. Learn more about typical renters insurance rates in Montana via the below breakdown. Remember: your rates will vary, depending on your coverage limits and the valuation of your belongings.
Renters insurance prices in Montana can vary depending on the insurer you select. Safeco offers the most affordable renters insurance in Montana — $73 per year. This compares favorably to the state average cost of $155, providing a 53% price break on the typical rates in the state.
Start shopping for cheap renters insurance by reviewing the best Montana insurance companies, detailed below.
| Insurer | Average Annual Rate in Montana |
| Safeco | $73 |
| State Farm | $115 |
| USAA | $124 |
| Travelers | $125 |
| Trinity Universal | $130 |
Renters insurance rates in Montana vary by city. Policy rates rely on on city-specific variables, such as the number of claims filed in the immediate area, meaning your ZIP code could have a major impact on how much you pay.
The cheapest renters insurance rates in Montana are in Polson. A typical renters insurance term in Polson costs just $147 each year — $8 less than the state average. Reference the below table to see the cheapest cities in Montana for renters insurance.
| City | Average 12-Month Renters Insurance Rate |
| Polson | $147 |
| Bozeman | $149 |
| Livingston | $150 |
| Whitefish | $151 |
| Columbia Falls | $151 |
Your renters insurance rates will vary depending on your coverage levels. The most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In Montana, the average annual cost difference between these tiers is approximately $55. If you can afford the up-front expense, it's worth considering.
| Coverage Level | Average Yearly Renters Insurance Rate in Montana |
| $25K Property | $127 |
| $50K Property | $182 |
If you're trying to save, consider purchasing your renters and car insurance policies from the same company. Bundling auto and renters insurance in Montana can save you a substantial sum each month on auto insurance. In fact, bundling policies in Montana may earn you yearly savings of $67.
| Avg. Annual Rate (No Bundle) | Avg. Annual Rate (w/ Bundle) | Annual Savings ($) | Annual Savings (%) |
| $1,387 | $1,320 | $67 | 5% |
Renters insurance is usually required by landlords, not the state, as there is no legal mandate in Montana that compels renters to carry renters insurance.
Renters insurance provides coverage to your home's contents, liability, additional living expenses, and medical payments to others. Depending on your needs, these options can be adjusted to best suit your living situation.
