How Much Is Car Insurance in Montana? (2022 Averages)

The average cost to insure a car in Montana is $1,216 per year, $208 less than the $1,424 national average. Montana is ranked 30th among all states in terms of car insurance affordability. These averages are for many companies and locations for one sample driver. MoneyGeek analyzed averages by coverage level, age, credit score and location.

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Last Updated: 11/25/2022
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In Montana, your driver profile and the amount of insurance coverage you choose impact the price of your car insurance premiums. The cost of full coverage car insurance in Montana is around $1,216 per year, whereas it only costs an average of $562 per year for a minimum coverage policy. Adding a young driver to your policy increases the yearly average to $2,640, while a traffic offense recorded on your driving record can raise your average premiums to $1,483.

The car insurance company you choose will also impact your rates. For instance, in Montana, full coverage insurance from State Farm costs around $751 per year, but MetLife charges $2,062 for the same coverage.

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Methodology

Why Trust MoneyGeek? Montana car insurance rates in this study are based on our analysis of data and information from the Montana Department of Insurance and Quadrant Information Services.

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These rates were updated in September 2022 to reflect how car insurance rates in Montana have changed up to this month.

3,312

Quotes Analyzed

 
9

Companies Compared

 
23

ZIP Codes

The Average Cost of Car Insurance in Montana

MoneyGeek analyzed the average costs of auto insurance in the state by the factors that play a significant role in determining rates.

Age and credit score are the most significant factors affecting the average car insurance costs in Montana.

Click to find out more about average costs for a given driver profile.

Average Costs of Car Insurance in Montana

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  • Driver
    Average Annual Premium
    Average Monthly Premium
  • The Average Driver
    $1,216
    $101
  • Drivers Buying Minimum Coverage
    $562
    $47
  • Adding a Young Driver
    $2,640
    $220
  • Drivers With a Violation
    $1,483
    $124
  • Drivers With Poor Credit
    $2,070
    $173
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Why Are Car Insurance Rates Reasonable in Montana?

Based on MoneyGeek’s research on car insurance rates by state, Montana auto insurance is moderately priced on average. This is because of low highway traffic density ranking (48th), moderate uninsured driver ranking (38th), low urban share of the population ranking (46th) and moderate risk for natural disasters. However, it ranked 24th in terms of motor vehicle theft rate.

Montana car insurance rates vary greatly depending on local factors specific to you as a driver. Individuals living in areas with high traffic congestion, road accidents and theft rates tend to pay higher premiums.

Average Cost of Car Insurance in Montana: Full Coverage vs. Minimum Coverage

In Montana, an auto insurance policy that only meets the state minimum coverage requirement costs an average of $562 per year. A full coverage policy, as defined in MoneyGeek’s methodology, costs $1,216 annually on average. That means there is around $654 difference between both insurance policy types.

The extent of coverage you buy will affect your average car insurance costs in Montana. An auto insurance policy with more features will cost more. Types of car insurance policies available include liability, collision and comprehensive coverages.

A full-coverage policy will give you maximum coverage, but it will be more expensive.

Average Cost of Car Insurance in Montana by Coverage Level

The state-minimum insurance policy in Montana is typically the state’s cheapest insurance you can buy.

If you currently have a state-mandated minimum insurance, you can increase your liability coverage to 50/100/50 or 100/300/100 for an added cost. These numbers indicate the liability coverage limits of your policy. For example, a 50/100/50 policy includes the following coverages:

  • $50,000 in bodily injury liability insurance per person
  • $100,000 in bodily injury liability insurance per accident
  • $50,000 in property damage liability insurance per accident

In comparison, full coverage car insurance covers both collision and comprehensive coverage. This insurance provides coverage for damages to your car in addition to your standard liability coverage.

Average Cost of Car Insurance in Montana By Company

Every company will give you a different quote. That means the insurance company you choose will have an impact on your Montana car insurance rates.

For drivers looking for cheap full coverage insurance, the most affordable options based on average rates are USAA and State Farm. These two companies are also the top options for cheap liability-only car insurance in Montana.

While USAA offers the cheapest car insurance rates, note that only military families qualify for its policies.

On average, MetLife has the priciest car insurance rates for both liability-only and full coverages in Montana.

Average Annual Costs of Car Insurance in Montana - By Company

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How Much Is Car Insurance in Montana by Age?

Your age will have a significant effect on your car insurance rates. Young drivers, who are considered risky and more likely to have accidents, typically pay higher car insurance premiums.

A 40-year-old buying a policy pays an average of $1,216 per year. If you add a 16-year-old to a policy, you will pay an additional $1,424.

If you are a young driver looking for a way to save money on insurance premiums, consider being added to your parent’s car insurance plan.

First-time drivers in Montana will be treated the same as young drivers and get similar insurance rates.

Average Costs of Full Coverage Car Insurance in Montana - By Age

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How Does Driving History Affect Car Insurance Costs in Montana?

Insurance companies consider drivers who have multiple violations on their records or have been in road accidents as high-risk individuals. Thus, they will pay higher insurance premiums. That said, you can still find affordable insurance for drivers with a bad driving record by shopping around.

On average, a driver with a speeding ticket pays $1,483 annually. That is $267 more than the average rate of $1,216 for safe drivers. Depending on the severity of the violation, the cost can be higher.

Average Costs of Full Coverage Car Insurance in Montana - By Driving History

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  • Driving Violation
    Annual Premium
  • Safe Driver
    $1,216
  • Speeding Ticket
    $1,483
  • At-Fault Accident
    $1,755
  • DUI
    $2,146
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Credit Scores and the Cost of Car Insurance in Montana

Your credit score will also have an impact on your Montana car insurance rates. MoneyGeek’s analysis showed that Montana drivers with a poor credit score pay an average of $865 more annually compared to those with a good credit score. Individuals with excellent credit scores pay roughly $265 less than those with good credit scores.

Maintaining a good to excellent credit score can help you save a lot of money on insurance premiums. Having a bad credit score results in higher premiums, but there are still affordable plans for drivers with bad credit in Montana.

Average Costs of Full Coverage Car Insurance in Montana - By Credit Score

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  • Credit Score
    Annual Premium
  • Excellent
    $941
  • Good
    $1,206
  • Fair
    $1,399
  • Below Fair
    $1,648
  • Poor
    $2,070

How Much Is Car Insurance in Your City?

For this study, MoneyGeek analyzed car insurance costs from the city of Billings.

Location is among the determining factors affecting the cost of a car insurance policy. Insurance carriers usually charge more for people living in urban centers due to higher vandalism and theft rates. Drivers living in densely populated areas with a higher risk of road accidents or natural disasters also have higher auto insurance expenses.

Average Costs of Full Coverage Car Insurance in Montana - By City

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Frequently Asked Questions About Montana Car Insurance Rates

Below are some of the frequently asked questions about Montana car insurance rates.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.