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Cheapest Car Insurance Companies and Quotes in Montana

Several factors unique to individual customers determine a driver’s car insurance premiums. MoneyGeek ranked the cheapest car insurance in Montana based on comprehensive and collision coverage for the average driver. To find the best insurance for you, compare car insurance quotes and annual premiums from several providers.

Average Comprehensive and Collision Rates in Montana

These prices are ballpark costs for the average driver. For each individual driver, different carriers weigh risk factors differently. There might be much lower premiums for drivers with clean records and considerably higher premiums for drivers with tickets and DUIs. You can shop around to find the most affordable option for you.

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Cheapest Liability Car Insurance in Montana

You should ideally look beyond the bare minimum car insurance and explore policies with more comprehensive coverage. You may save a few bucks with liability-only insurance, but you’ll pay more out of pocket in the event of an accident. Therefore, it’s advisable to consider comprehensive and collision coverage to stay secure.

In Montana, USAA presents the cheapest average yearly rate for the state’s minimum coverage. It also offers the most affordable average annual premium for a 50/100/50 liability-only package. However, USAA only serves military staff and their families. The next cheapest option is State Farm. Its average premiums are $338 per year for state minimum coverage and $413 per year for the higher 50/100/50 liability-only plan.

Average Cost for Liability Coverage

The Best Car Insurance Companies in Montana for 2021

MoneyGeek utilized several factors, including prices, custom experience, the ability to pay claims and financial strength to arrive at the best car insurance companies in Montana.

To score each aspect, MoneyGeek used data from J.D. Power’s U.S. Auto Insurance Study and AM Best’s financial strength ratings — recognized as industry standards to evaluate insurance companies. Each study has equal weight in the final score out of 100, along with additional pricing information.

Expand All Rankings +

1

USAAScore: 100
+

5/5

User Satisfaction

5/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

2

HartfordScore: 92.5
+

4/5

User Satisfaction

5/5

Claims Ratings

4/5

Affordability

A+

Financial Stability

3

GEICOScore: 85
+

3/5

User Satisfaction

2/5

Claims Ratings

4/5

Affordability

A++

Financial Stability

4

AllstateScore: 82.5
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

5

American FamilyScore: 80
+

4/5

User Satisfaction

2/5

Claims Ratings

3/5

Affordability

A

Financial Stability

6

State FarmScore: 80
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A

Financial Stability

7

FarmersScore: 80
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A

Financial Stability

8

ProgressiveScore: 80
+

2/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

9

SafecoScore: 77.5
+

3/5

User Satisfaction

3/5

Claims Ratings

2/5

Affordability

A

Financial Stability

10

Liberty MutualScore: 77.5
+

2/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A

Financial Stability

While USAA scores highly in many areas, this provider is only available to military members, veterans and their families.

Market Share by Company

The largest car insurance provider in Montana is Liberty Mutual, with 22.23% of the market share. EMC Insurance comes in second place with 7.3% of the market share.

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What Is the Average Cost of Car Insurance in Montana?

MoneyGeek calculated the average 100/300/100 comprehensive and collision coverage insurance rates for Montana. These are for a typical 40-year-old male driving a Toyota Camry with a clean driving record. Depending on your individual factors, your rates might be higher or lower than the rates shown here.

  • Average Driver: $1,216
  • DUI: $2,146
  • Speeding Ticket: $1,483
  • Poor Credit Score: $2,068
  • Seniors: $1,234
  • Students: $2,444

Cheapest Car Insurance for Drivers With a DUI in Montana

From 2009-2018, 786 people in Montana died in alcohol-related car accidents. 2.2% of drivers in Montana say they've driven after drinking too much in the past 30 days.

Being convicted of a DUI in Montana could lead to hefty fines and jail time. Even first-time offenders have to spend a minimum of one night in jail and could spend up to six months in jail. After a second or third offense, the driver could face up to one year in jail.

Getting a DUI doesn’t only have legal consequences. A DUI will also raise your car insurance rates in Montana.

Average Car Insurance Rates With a DUI

The cost of a DUI goes beyond court fees or fines. Having a DUI on your record doubles your car insurance rates. The DUI will affect your insurance for at least three years. In some places, it could stay on your record for five or more years. The best option to get cheap car insurance with a DUI in Montana is to shop around for the best rate.

Cheapest Car Insurance With Tickets in Montana

A report by the National Highway Traffic Safety Administration shows in 2018, 168 crashes in Montana were caused by distracted driving. If you cause an accident because of distracted driving or get a moving violation like a speeding ticket, you can expect your car insurance rates to increase. The following estimates reflect what drivers in Montana can expect to pay if they get a ticket for speeding or distracted driving.

Average Car Insurance Rates With a Ticket

A ticket will likely stay on your car insurance for three years or more, keeping your insurance rates higher than usual. You may have trouble finding cheap car insurance after getting a ticket for speeding or distracted driving in Montana. Getting quotes from multiple companies will help you find the lowest price.

Cheapest Car Insurance Companies in Montana for Drivers With Bad Credit

Some car insurance companies look at your credit history when creating your quote. Data used by insurance providers suggests that drivers with lower credit scores file more claims.

The average credit score in Montana is 720, which is often considered a good score. Even if you have a lower score, you can still find cheap insurance.

Average Car Insurance Rates for Drivers With Bad Credit

Your credit score might play a role in your car insurance rates, but other factors also make a difference.

Cheapest Car Insurance Companies in Montana for Seniors

Senior drivers in Montana were involved in 36 fatal crashes in 2017. Getting older often means slower reflexes and declining eyesight, which leads to higher insurance rates for seniors. Drivers over age 75 must renew their licenses and take tests for vision and road signs every four years in Montana.

The following chart details what senior drivers can expect to pay for auto insurance in Montana.

Average Car Insurance Rates for Seniors

Although you may see higher car insurance rates as a senior, you should get multiple quotes to find cheap car insurance for seniors in Montana.

Cheapest Car Insurance for Students in Montana

Montana students enrolled in a state-approved traffic education program can get a learner’s permit at age 14. Understandably, a young person learning to drive can cause parents to worry about the safety of their children. Even college students, with a few more years on the road, have a higher risk of being in an accident than adults do.

Students cost the most to insure, so you can expect your insurance rates to go up if you add your child to your policy. Most insurance companies offer discounts, so your student can help keep costs down by getting good grades and being a safe driver.

The table below outlines the potential cost of car insurance for a student or young driver.

Average Car Insurance Rates for Students

Insurance Rate Information for Military Drivers and Veterans

Montana has over 3,300 active-duty military personnel and nearly 100,000 veterans. When comparing insurance rates for your vehicle, be sure to mention if you are an active-duty military member or a veteran. Some Montana car insurance companies offer discounts. Others may have special arrangements for active-duty military members who may be deployed out of state. Check out the following table to see estimates of what active-duty and veteran military members will pay for auto insurance in Montana.

Average Rates for Montana service members

male
25 years$1,111
50 years$922
female
25 years$1,111
50 years$922

Car Insurance in Montana: What You Need to Know

All vehicles registered in Montana must have liability insurance, whether anyone drives them or not.

Proof of Insurance in Montana

You must show proof of car insurance to a police officer if they pull you over or you’re in an accident. Most drivers have a physical insurance card, but if you can’t find it or don’t have it, the officer can use the Montana Insurance Verification System to check.

Minimum Liability Insurance Requirements in Montana

Montana requires relatively low limits for liability insurance:

  • $25,000 for bodily injuries to one person
  • $50,000 for bodily injuries per accident
  • $25,000 for property damage

High-Risk Auto Insurance Program in Montana

If you cannot get market-rate insurance because of your driving record or due to a history of claims, you can get insurance through the state's assigned risk plan. The Montana Auto Insurance Plan is part of the Western Association of Automobile Insurance Plans (WAAIP). This should be a last resort since you are likely to pay a much higher rate through an assigned risk plan than in the regular insurance market.

Alternatives to Insurance in Montana

You can choose to self-insure your car in Montana through surety bonds, but this is a risky and expensive choice. Surety bonds allow you to satisfy the financial and legal requirements of insurance, but you don’t have insurance coverage. That means your home, wages and other assets could be at risk in the event you can’t pay a claim against you.

How Much Coverage Do You Need in Montana?

The minimum coverage levels required by law may seem impressive, but they might not cover all of your costs in an accident. The Insurance Information Institute recommends buying enough coverage to protect assets like your home or savings.

Experts also recommend collision and comprehensive coverage for any vehicle you're not planning on driving to the junkyard within a few years. Unlike other policies, these types of coverage look after your vehicle in case of accidents — both on the roadway and off.

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About the Author


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Tara Seboldt is a writer for MoneyGeek


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