Best Auto Insurance Rates in Montana
The average cost of car insurance in Montana is $462 per year ($39 per month) for minimum coverage and $1,181 for full coverage, according to our data. Saving on car insurance might be as simple as comparing quotes from several insurers and finding the right coverage limits. Our data shows that Montana drivers may save around $583 by shopping around.
This article covers everything you need to know while shopping for car insurance in Big Sky Country, including:
- The cheapest car insurance rates in MT
- Auto insurance rates by city
- Montana’s most popular car insurance companies
Cheapest car insurance companies in Montana
According to our data, Montana drivers pay $462 for minimum-coverage car insurance and $1,181 for full-coverage car insurance. That $719 difference accounts for additional coverage options included in a full-coverage plan, like comprehensive and collision. Minimum-coverage policies include just Montana’s required limits of 25/50/20 liability insurance.
Cheapest car insurance companies for a full-coverage policy
According to our data, State Farm offers the cheapest full-coverage insurance for shoppers looking for a policy that includes liability, collision and comprehensive coverage.
| Insurance company | Average annual cost | |||
|---|---|---|---|---|
| USAA* | $583 | |||
| State Farm | $728 | |||
| Progressive | $970 | |||
| Farmers Union P&C | $1,172 | |||
| Unigard | $1,172 | |||
| Montana average | $1,181 | |||
| Average rates are based on non-binding estimates by Quadrant Information Services. Your rates may vary. *USAA membership is only available to active, retired and separated U.S. military veterans and their family members. | ||||
State Farm offers the lowest rate at $728 per year or $61 per month. By comparing car insurance quotes, you could save some money. For example, Progressive’s rate is $211 less than the state’s average full coverage rate, according to our data.
Insurers consider several factors while pricing your policy. Because of this, your rates will vary depending on your age, location, driving history and more.
Cheapest car insurance companies for a minimum-coverage policy
According to our data, State Farm offers the cheapest minimum coverage auto insurance in Montana.
| Insurance company | Average annual cost | |||
|---|---|---|---|---|
| USAA* | $190 | |||
| State Farm | $334 | |||
| GEICO | $399 | |||
| Farmers Union P&C | $413 | |||
| Progressive | $417 | |||
| Montana average | $462 | |||
| Average rates are based on non-binding estimates by Quadrant Information Services. Your rates may vary. *USAA membership is only available to active, retired and separated U.S. military veterans and their family members. | ||||
We found that a minimum policy from State Farm costs $334 yearly ($28 monthly), the cheapest in the state. That’s closely followed by GEICO, where the minimum coverage policy averages $399 per year or $33 per month.
Cheapest car insurance companies for drivers with an accident
State Farm offers the cheapest insurance policies for Montana drivers with an at-fault accident on their record. These are the cheapest car insurance companies for drivers with a less-than-perfect driving history:
| Insurance company | Average annual cost | |||
|---|---|---|---|---|
| USAA* | $782 | |||
| State Farm | $918 | |||
| Progressive | $1,601 | |||
| Farmers Union P&C | $1,892 | |||
| Allstate | $2,002 | |||
| Unigard | $2,125 | |||
| Average rates are based on non-binding estimates by Quadrant Information Services. Your rates may vary. *USAA membership is only available to active, retired and separated U.S. military veterans and their family members. | ||||
Even the lowest insurance rates for drivers with an accident reach up to $2,125 per year ($177 per month). That’s $814 more per year than insurance for a driver with a clean record in Montana. After an accident, you may be considered a high-risk driver. That’s why one of the best ways to save on car insurance is to drive safely to try to avoid crashes.
Compare car insurance costs in Montana by city
Insurers consider several factors while pricing your policy. One major factor in your auto insurance premium? Where you live — or, more specifically, your ZIP code. These are the average annual rates for cities across Montana:
| City | Premium cost (yearly) | |||
|---|---|---|---|---|
| Bearcreek | $1,236 | |||
| Butte | $1,489 | |||
| Canyon Creek | $1,105 | |||
| Corvallis | $1,107 | |||
| Ennis | $1,102 | |||
| Florence | $1,383 | |||
| Forsyth | $1,427 | |||
| Great Falls | $1,143 | |||
| Greycliff | $1,232 | |||
| Huson | $1,096 | |||
| Lake McDonald | $1,207 | |||
| Malmstrom AFB | $1,143 | |||
| Pony | $1,115 | |||
| Power | $1,177 | |||
| Ringling | $1,093 | |||
| Roscoe | $1,230 | |||
| Saint Marie | $1,223 | |||
| Somers | $1,216 | |||
| Sweet Grass | $1,193 | |||
| Walkerville | $1,176 | |||
| West Glacier | $1,213 | |||
| Westby | $1,206 | |||
| Average rates are based on non-binding estimates by Quadrant Information Services. Your rates may vary. | ||||
Our data shows that drivers in Ringling pay an average $1,093 per year ($91 per month) for auto insurance. That’s $396 less than drivers in Butte, who pay an average $1,489 per year ($124 per month) for car insurance, the highest rate in the state.
Popular car insurance companies in Montana
Where do Montana residents tend to buy their car insurance? According to S&P, these five car insurance companies have the highest market share percentage in Montana.
| Insurance company | Market share percentage |
|---|---|
| State Farm | 21.8% |
| Liberty Mutual | 13.3% |
| Progressive | 13% |
| USAA | 8.4% |
| Farmers Insurance | 7.5% |
State Farm has a 21.8% market share percentage in Montana. That’s followed by Liberty Mutual, which has a 13.3% market share percentage.
Minimum car insurance requirements in Montana
If you drive a vehicle registered in Montana, you must maintain a minimum level of insurance coverage of 25/50/20. This means that you must have a policy with at least the following:
- $25,000 of coverage for bodily injury liability per person.
- $50,000 of coverage for bodily injury liability per incident.
- $20,000 of coverage for property damage liability per incident.
This is just the minimum requirements for car insurance in your state, so you can always purchase additional coverage like collision and comprehensive. There are some situations (like leasing a car) where you may be required to purchase a full-coverage policy.
If you’re considering different coverage options, it’s a good idea to compare car insurance quotes to help save money.
Methodology
Best insurance for a full-coverage policy: This data is based on the driving profiles of 35-year-old men and women in Montana with a clean driving record, excellent credit score and a full-coverage policy (liability, comprehensive and collision coverage).
Best insurance for a minimum-coverage policy: This data was compiled using driving profiles from 35-year-old men and women in Montana with a clean driving record, excellent credit score and a minimum-coverage policy (25/50/20).
Best insurance for drivers with an accident: This data is based on the driving profiles of 35-year-old men and women in Montana with a single, at-fault accident, an excellent credit score and a full-coverage policy.
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