How Much Is Car Insurance in Montana? (July 2024)

In Montana, the average annual cost of car insurance for a full coverage policy is around $995. If you choose a minimum coverage policy, the annual cost drops significantly to approximately $383. Several factors influence your specific car insurance premium. These include your age, the level of coverage you choose, where you live, your driving record, and your credit history.

Montana's average full coverage car insurance cost is $1,079 annually and $90 monthly. Knowing your state's average car insurance cost helps determine if you're getting a competitive quote. By comparing car insurance quotes, you can see what options you have.

Below is a table that gives you an idea of what you might pay for minimum coverage or full coverage each month and year.

Car insurance in Montana is generally affordable compared to the national average. The average annual premium for full coverage in Montana is $1,079, which is less expensive than the national average cost of car insurance at $1,296 annually. Even for state minimum coverage, Montana's average is $383, lower than the national average of $595.

Factors that might contribute to this affordability include Montana's lower population density, which can lead to fewer accidents and claims and potentially less auto theft and vandalism. Rural areas, like large parts of Montana, might also have lower crime rates affecting insurance costs.

Car insurance premiums can vary widely from company to company, even within the same state. For instance, in Montana, State Farm offers the cheapest full coverage car insurance at an annual rate of $561, while Kemper presents the most expensive average premium at $1,559.

It is crucial to compare car insurance quotes from different providers to ensure you find the cheapest car insurance in Montana that matches your needs.

The cost of car insurance in Montana is also impacted by the specific coverage options you opt for. For instance, the monthly cost for minimum coverage is approximately $32, whereas a full coverage policy with a $1,000 deductible averages around $83 per month. Despite being pricier, a full coverage policy full coverage insurance is frequently recommended for its more comprehensive protection against financial losses.

In addition to the base premium, integrating comprehensive and collision coverage will raise the overall cost, but this can be mitigated by choosing higher deductibles. It's important to note that the deductible represents the outlay for each comprehensive or collision claim made under a policy.

In Montana, the minimum car insurance requirements include $25,000 for bodily injury per person, $50,000 for bodily injury per accident and $20,000 for property damage per accident.

Where you live affects your car insurance premiums. Cities that have a high population density and more traffic tend to have more accidents and insurance claims, resulting in higher rates to offset the increased risk. For example, Billings is more expensive than most areas. Drivers in Billings pay an annual average rate of $992 for full coverage car insurance.

Age significantly influences car insurance costs in Montana, with younger drivers typically paying higher premiums. Drivers aged 22 to 29 pay the most for car insurance at $107 per month becasue insurers consider this group to carry a higher risk. As drivers mature, their car insurance premiums tend to decrease. Drivers aged 30 to 59 and those 60 and above experience more affordable car insurance rates, reflecting a downward trend in premiums with advancing age.

In Montana, age and gender are influential factors in determining car insurance rates. Notably, 16-year-old male drivers see the highest premium when added to a family policy, with an annual cost of $2,895. Teen drivers under 18 typically cannot purchase car insurance without a co-signer. If they acquire an individual policy, the premium increases to $6,102.

On average, full coverage car insurance for a 2012 vehicle model runs about $961 annually. In contrast, a full coverage policy for a comparable 2022 is $1,413. This increase often reflects the higher actual cash value of newer cars, alongside the greater cost to repair advanced features and the added risk of theft. Drivers with newer vehicle models, like those from 2022, should secure both comprehensive and collision coverage. This combination not only protects against a broader range of incidents.

Car insurance costs in Montana fluctuate based on one's driving history. Here's the potential impact on your insurance expenses:

• With a ticket: $1,266 annually; $106 monthly
• With an at-fault accident: $1,610 annually; $134 monthly
• With a DUI: $1,747 annually; $146 monthly

Violations can significantly influence your car insurance premiums in Montana. The severity of the offense dictates how much more you'll end up paying. These infractions remain on your record for varying durations and will affect your insurance costs for that period.

For instance, a DUI in Montana may stay on a driver's record indefinitely, continually affecting insurance premiums. In contrast, other violations like speeding tickets might only impact your record for a limited time. Explore the table by coverage type and age group to see average insurance costs in Montana for different driving records.

On average, car insurance in Montana costs $1,171 annually, with rates heavily influenced by credit scores ranging from $1,379 (with poor credit) to $750 (with excellent credit). Your credit score is a critical factor in determining car insurance premiums, with insurers considering it a measure of your reliability. A good credit score falls between 670 and 739, with higher scores often leading to more affordable rates.

Discover how various factors uniquely influence your car insurance rates in Montana, dictating whether you'll edge closer to affordable premiums or require a heftier budget for your policy.

• Driving Record: A pristine driving record can lead to more affordable rates, as insurers see fewer violations or accidents as indicators of a lower risk driver in Montana.
• Credit Score: Montana drivers with higher credit scores may find more favorable insurance rates, as a strong credit history suggests responsible behavior that insurers reward.
• Age and Experience: Younger, less experienced drivers often face higher premiums due to a perceived increase in risk on Montana roads.
• Vehicle Type: The make, model and age of your vehicle can impact your insurance costs, with higher-end or newer models typically incurring greater premiums.
• Location and Theft Rates: Urban areas with higher theft rates may drive up insurance costs for Montana residents due to increased risk.
• Coverages Selected: Opting for higher limits and additional policies like comprehensive insurance or collision insurance will affect your premium.
• Annual Mileage: The more you drive in Montana, the higher the likelihood of filing a claim, which can lead to increased insurance rates.
• State Minimum Requirements: Choosing state minimum coverage can offer the most affordable rates but may provide less protection than opting for higher limits.

Each factor influences your premium in Montana, reinforcing the necessity to compare quotes for a policy that aligns with your needs and budget.

To secure affordable car insurance in Montana, compare rates from multiple insurers, increase your deductible and exploit all available discounts to minimize costs.

Here we provide clear answers on what drivers can typically expect to pay for their car insurance coverage.