Auto Insurance in Montana
Montana’s auto insurance rates are on the low side — on average $1,131 per year, compared to the nationwide average of $1,669. That said, how much you’ll pay can vary a lot depending on your car, your coverage, and your address. Use our tool to find your best rates:
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Montana is one of the country’s largest states, but it has a small population and low population density. Snowstorms and low temperatures are the biggest climate threats. Although the state requires motorists to purchase minimum coverage, that level may not meet the needs of many vehicle owners, making comprehensive coverage a smart option for those who want to protect themselves.
Montana Minimum Liability
Montana has a relatively low minimum liability requirement compared to recommended standards. Montana requires drivers to carry $25,000 in coverage for bodily injury per person and $50,000 per accident. The state only requires $10,000 of coverage for property damage. In comparison, the recommended minimum is $50,000 per person and $100,000 per accident, with $50,000 to cover property damage.
The average bodily injury claim in 2013 was $15,443. Montana’s minimum requirement is high enough to pay this. Unfortunately, this average doesn’t show how many people paid significantly more money for bodily injuries. Since $15,443 is just an average, some claims would have paid considerably more. When expenses exceed the state’s minimum coverage, drivers could face tens or even hundreds of thousands of dollars in out-of-pocket expenses.
Getting quotes from several insurance companies can help you find affordable policies with the coverage you need. Since each company reviews your driving profile in a slightly different way, some companies may charge higher prices for the same level of coverage. Getting a lot of quotes could help you save money. The research takes some time, but it’s often worth the effort.
Cheapest Car Insurance in Montana
- $1,005State Farm
- $517Liberty Mutual
If you want to find absolutely the cheapest car insurance options in Montana, consider using the companies listed here. Choosing one of these insurance providers should help you keep monthly rates low and make car ownership more affordable.
Low-cost auto insurance companies have cheaper rates, but they’re not always the best options for drivers. Companies may sacrifice customer service to keep prices as cheap as possible. Some drivers find that low-cost insurance companies can make it difficult to get claims reimbursed. Also, when dealing with a national company, you may not get the goodwill that you could get from a local company.
Most Popular Companies by Marketshare
- State Farm
- Liberty Mutual
The most popular car insurance companies in Montana tend to focus on the needs of local drivers. Being the area’s most popular auto insurance providers, however, doesn’t necessarily mean they’re the best. In some cases, popular companies have simply spent more money on advertising. These companies are highly recognizable, but they may or may not offer excellent services.
It’s probably a good idea to get quotes from these companies. Keep in mind, though, that you need to compare the quotes to the prices and services offered by less popular companies. If you don’t, you could miss a good deal on an excellent policy.
Choosing the Best Car Insurance in Montana
These top-rated car insurance companies in Montana tend to offer the best services and coverage options. It’s usually a good idea to choose a company that can meet your needs for many years to come. Alternatively, it’s typically a bad idea to change insurance providers frequently.
We compare several factors to decide which insurance companies are best. Companies that make the list excel in areas like providing good customer service, processing claims fairly and offering discounts. These companies often give customers access to extensive coverage options and provide access to real agents. They also stand out for their fair premiums and solid financial status.
Where is car insurance most affordable?
Where you live can have a significant effect on how much your auto insurance costs.
People living in Great Falls and Missoula tend to pay prices above the state average, but still quite affordable compared to the national average. Costs for Billings residents are slightly lower than the state average.
Getting quotes from several insurance providers should help you determine which one has the prices and coverage options you need. Without these quotes, it’s difficult to tell how the rates compare to the state and national average.
Billings Auto Insurance
A population of 109,059 people makes Billings the largest city in Montana. The city was originally founded as a railroad hub, making Billings an important area for trade and distribution. The city also sits near the country’s largest coal reserve, and area oil and natural gas fields make it an important location for the energy industry. Of the three largest cities in Montana, Billings has the lowest auto insurance rates.
Great Falls Auto Insurance
Great Falls has a population just under 59,700 people. Until 2000, it was Montana’s second-largest city. Auto insurance prices in Great Falls are slightly higher than the state average. They are, however, still cheaper than the national average. Great Falls has a bus system that operates on a fairly restricted schedule, so car ownership is a part of most people’s lives.
Missoula Auto Insurance
Missoula became the state’s second-largest city in 2000. Today, it has a population of more than 69,000 people. Many people move to Missoula to attend the University of Montana, which has a significant economic influence in the region. Lumber is also an important part of the city’s economy. Missoula has an impressive public transit system for a city of its size. Still, most people rely on automobiles. Although car insurance in Missoula is higher than the state average, it’s lower than the national average.
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