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June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies. Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrate’s insurance content represents and adheres to the Bankrate brand. Updated Nov 07, 2022 Find your perfect provider
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Collapse Caret Up Finding homeowners insurance in Montana can be challenging, especially considering homeowners in Montana typically pay more than the national average. The average cost of homeowners insurance in Montana is around $1,957 per year for a policy with $250,000 in dwelling coverage, based on Bankrate's 2022 study of quoted annual premiums. The national average is $1,393 per year for the same dwelling coverage limits. Given the prevalence of natural disasters in the state, Montana homeowners need to be prepared for anything, and part of that plan could be a home insurance policy. To help kickstart your research, Bankrate reviewed dozens of homeowners insurance companies based on their coverage options, discounts, financial strength ratings and customer satisfaction to bring you a curated list of the in Montana. Collapse On This Page
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Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We've maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we're putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most - price, customer service, policy features and savings opportunities - so you can feel confident about which provider is right for you. We guide you throughout your search and help you understand your coverage options. We provide up-to-date, reliable market information to help you make confident decisions. We reduce industry jargon so you get the clearest form of information possible. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we're putting accuracy first. On This Page
Finding homeowners insurance in Montana can be challenging, especially considering homeowners in Montana typically pay more than the national average. The average cost of homeowners insurance in Montana is around $1,957 per year for a policy with $250,000 in dwelling coverage, based on Bankrate's 2022 study of quoted annual premiums. The national average is $1,393 per year for the same dwelling coverage limits. Given the prevalence of natural disasters in the state, Montana homeowners need to be prepared for anything, and part of that plan could be a home insurance policy. To help kickstart your research, Bankrate reviewed dozens of homeowners insurance companies based on their coverage options, discounts, financial strength ratings and customer satisfaction to bring you a curated list of the in Montana. See more This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Finding homeowners insurance in Montana can be challenging, especially considering homeowners in Montana typically pay more than the national average. The average cost of homeowners insurance in Montana is around $1,957 per year for a policy with $250,000 in dwelling coverage, based on Bankrate's 2022 study of quoted annual premiums. The national average is $1,393 per year for the same dwelling coverage limits. Given the prevalence of natural disasters in the state, Montana homeowners need to be prepared for anything, and part of that plan could be a home insurance policy. To help kickstart your research, Bankrate reviewed dozens of homeowners insurance companies based on their coverage options, discounts, financial strength ratings and customer satisfaction to bring you a curated list of the in Montana. See more This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Finding homeowners insurance in Montana can be challenging, especially considering homeowners in Montana typically pay more than the national average. The average cost of homeowners insurance in Montana is around $1,957 per year for a policy with $250,000 in dwelling coverage, based on Bankrate's 2022 study of quoted annual premiums. The national average is $1,393 per year for the same dwelling coverage limits. Given the prevalence of natural disasters in the state, Montana homeowners need to be prepared for anything, and part of that plan could be a home insurance policy. To help kickstart your research, Bankrate reviewed dozens of homeowners insurance companies based on their coverage options, discounts, financial strength ratings and customer satisfaction to bring you a curated list of the in Montana. See more This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Compare rates and save on home insurance today! Get quotes Close X Compare rates and save on home insurance today! Get quotes Close X Compare rates and save on home insurance today! Get quotes Close X Best home insurance companies in Montana
If you are searching for home insurance in the Treasure State, we did some research to help you find the best home insurance companies in Montana. As part of our review process, we looked at each company's policy offerings, insurance rates and discounts for homeowners insurance, as well as financial strength and customer satisfaction ratings from third-party agencies like , Moody's, and . The better a company performed in each of these categories, the higher their Bankrate Score for a maximum score of 5 out of 5. Below, these carriers stand out for offering comprehensive coverage and generous discounts, plus strong ratings for customer service and claims handling. Home insurance company BR Score Average annual premium for $250k in dwelling coverage J.D. Power customer satisfaction score 4.8 $1,254 882/1,000 4.7 $2,418 835/1,000 4.4 $1,096 801/1,000 3.9 $2,281 829/1,000 This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form USAA
USAA is one of the highest-scoring insurance companies on the market when it comes to things like J.D. Power's customer satisfaction studies, but it only serves homeowners who are active duty or retired military service members or their family members. In addition to excellent customer satisfaction and financial strength, USAA also offers . Standard policies include all the basics, plus military uniform coverage. Earthquake insurance and home-sharing coverage are also available. State Farm
State Farm is the largest home insurance provider in the country, with . Montana homeowners can take advantage of State Farm's generous discounts and helpful online tools, plus a highly-rated mobile app with claims reporting. If you need to meet with an agent to discuss your policy, State Farm has locations in . Chubb
Chubb could be an ideal choice for Montanans who want to on their home insurance policy. Depending on your home's features and characteristics, Chubb could add additional discounts for home and safety devices, recent renovations and new construction. Although the discounts can range from 10-20%, the company's policy offerings tend to be more standard compared to other carriers that offer a variety of add-on options. Allstate
Allstate is the second-most expensive provider on our list, but Montana homeowners get access to like green improvement reimbursement coverage, yard and garden coverage, sports equipment coverage, musical instruments coverage and more. Allstate also offers a few common that can help lower your premium. How much is homeowners insurance in Montana
The in Montana is $1,957 per year. This is significantly higher than the national average rate of insurance, which is $1,393 per year. Many factors could be contributing to Montana’s higher-than-average home insurance costs, such as inflation affecting the cost of labor and materials or a rise in covered losses. In fact, the cost of homeowners insurance in Montana is higher than in most neighboring states. Idaho’s statewide average premium for home insurance is $936 per year, and in Wyoming the statewide average rate is $1,144 per year. Home insurance premiums in Montana are more expensive because the state faces a greater risk of losses, like wildfires and tornadoes. Home insurance in Montana
Although Montana is largely remote, the state experiences its fair share of extreme weather. From blizzards to severe hail storms to wildfires, homes across Montana are at risk of damage from various weather-related risks. Fortunately, knowing the most common causes of loss in different ZIP codes and how homeowners insurance might be able to address them can help protect your home. Common causes of loss in Montana
Being prepared for a natural disaster could help inform a homeowners insurance policy with comprehensive coverage. Some common causes of loss include: Lightning and fire damage: According to the , a federal agency that coordinates responses to natural disasters, nearly due to fire. Of that, almost 570,000 acres burned due to lightning storms, with the rest attributed to human causes. Water damage and flooding: Depending on where your home is located, it may be in or near a designated flood zone. Since 2013, FEMA has recorded , with two occurring in 2018 and another in 2019. This increase in flooding incidents in recent years could make having flood insurance a priority for many homeowners. Wind, storm and hail damage: High winds and severe storms could cause significant and costly damage to homes. According to data from the National Oceanic and Atmospheric Administration and collected by the , Montana has experienced an average of 5 tornadoes per year, causing an average of $6.6 million in damages from wind and related storms. Home insurance coverage options in Montana
Part of the home insurance buying process is choosing coverage options and policy limits tailored to your home. While some policy features come standard and can be adjusted, others need to be purchased separately. These include: : Damage from flooding could be a major concern depending on where your home is located. As floods are excluded from standard homeowners insurance policies, you will need to purchase a separate policy either from the National Flood Insurance Program (NFIP) or from a private carrier. : Similar to flood insurance, earthquake insurance will need to be purchased separately from homeowners insurance. Most of Montana’s seismic activity occurs in the western portion of the state, making earthquakes more of a concern for homes in this area. Frequently asked questions
The best homeowners insurance in Montana will vary for every person and depends on what you are looking for in your policies. Some people want the cheapest policy, while others desire the highest coverage available. To find the best insurer in the area, make sure to from different companies for comparison.
While the state of Montana does not require homeowners to have homeowners insurance, you may be required to do so if you have a mortgage or lien on your home. Even if you bought your home outright or fully paid off the loan, having a homeowners insurance policy could be part of a well-rounded financial plan. Homeowners insurance could help prevent you from paying the full cost of repairs out-of-pocket if your home was damaged due to a covered loss.
cover loss by fire, but given the intensity of wildfires within the last few years and the rising costs of repair, even Montana's Department of Insurance has stepped in to give some clarification on . As each insurance company may have its own process for handling claims, the best resource will be a licensed insurance agent of that company. Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits: Coverage A, Dwelling: $250,000 Coverage B, Other Structures: $25,000 Coverage C, Personal Property: $125,000 Coverage D, Loss of Use: $50,000 Coverage E, Liability: $300,000 Coverage F, Medical Payments: $1,000 The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required). These are sample rates and should be used for comparative purposes only. Your quotes will differ. Bankrate Scores
Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for homeowners to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support. To determine how well the best home insurance companies satisfy these priorities, third-party agency ratings from , , , , and Moodys had the most impact on the companies’ Bankrate Scores. As price is a common consideration for homeowners, we analyzed quoted premiums based on 40-year-old male and female homeowners with a clean claim history and good credit. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which homeowners may compare each provider. While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores. Written by June Sham Insurance Writer June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies. Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrate’s insurance content represents and adheres to the Bankrate brand.