Cheapest Car Insurance in Montana (June 2024)

State Farm is the cheapest company for the average driver looking for minimum coverage. MoneyGeek also found that Progressive and Nationwide were the best options for other driver types in Montana.

MoneyGeek ranked the best insurance companies in Montana for drivers who want to compare insurers by affordability and service quality.

The cheapest car insurance meets at least the minimum coverage requirements. The companies offering the most affordable minimum car insurance in Montana are:

• State Farm: $135 per year
• Nationwide: $181 per year

The most expensive company is Allstate, with policies that cost $643 per year.

The minimum coverage policy only covers bodily injury liability and property damage liability.

A minimum coverage policy covers damages and injuries inflicted on other drivers and their vehicles in an accident. This coverage does not include your vehicle.

To ensure that you have coverage that will pay for the cost of damages to your car, you’ll want to purchase a full coverage policy with comprehensive and collision insurance.

In Montana, the following companies provide the cheapest car insurance for drivers:

• State Farm: $561 per year
• Nationwide: $658 per year

At approximately $1,559 per year, Kemper has the least affordable policy for Montana drivers.

Adding a comprehensive and collision insurance to your policy increases your yearly premium. State Farm, for instance, charges around $426 dollars more for full coverage than its minimum coverage.

How much car insurance you need will greatly affect your car insurance rate. MoneyGeek’s recommendations for a full coverage policy specifically have the following liability protection:

• $100,000 in bodily injury liability per person
• $300,000 in bodily injury liability per accident
• $100,000 in property damage liability per accident

The above amounts are the coverage limits that we think are sufficient for average drivers. To save on premiums, you can opt for lower liability limits by dropping the comprehensive and collision insurance or raising the deductible. However, doing so risks having insufficient coverage in an accident.

Many insurers allow prospective drivers to see their rates online. However, it can take up to 15 minutes to see just one sample quote, and you will still have to check quotes across multiple websites to compare your options.

MoneyGeek’s insurance calculator is a useful tool for checking your rates. Our free tool gives you a quick estimate of your auto insurance without you having to provide any personal information. MoneyGeek estimates can be a great starting point when comparing companies and finding the cheapest insurance rates for your profile.

Age is one of the biggest factors affecting car insurance rates in Montana. Across the board, Progressive, State Farm, and State Farm offer the cheapest options for teens, young adults, and seniors, respectively.

The cheapest full coverage car insurance companies in Montana for teens are:

• Progressive: $1,601 per year for male and female teens
• Allstate: $1,740 per year for male and female teens

Kemper is the most expensive company for teens, offering full coverage at $7,535 per year.

As the teen policyholder gets older, his car insurance rates significantly decrease. The cheapest car insurance provider for 19-year-old males in Montana is Progressive ($1,206).

Montana teen drivers pay around $6,100 for car insurance per year, but being included in their family’s policy costs only approximately $2,899 per year. This gives as much as $3,201 in savings each year if teens join a family policy instead of buying their own.

Families looking to save on car insurance may be able to get discounts for young drivers. Progressive and State Farm offer both distant student discounts and good student discounts for young drivers.

The following companies offer the cheapest full coverage car insurance in Montana for 25-year-old drivers:

• State Farm: $618 per year
• Nationwide: $785 per year

Kemper offers the most expensive policies at $2,109 per year.

In Montana, drivers in their 20s pay on average $199 more for car insurance than middle-aged drivers.

For senior drivers, the cheapest full coverage car insurance companies in Montana are the following:

• State Farm: $497 per year
• Nationwide: $566 per year

The most expensive company is GEICO, which sells policies at an average of $1,411 per year.

Insurance for a 65-year-old driver is, on average, $71 cheaper than a similar policy for a 40-year-old driver. Car insurance awaits tend to increase as drivers reach the age of 70, as they pose a higher risk on the road.

Seniors looking to save on car insurance can get discounts with certain insurers. Based on MoneyGeek’s gathered data, Allstate, Farmers, GEICO and Kemper offer discounts for senior drivers.

Comparing multiple insurers to see which is cheapest for you is essential, as many factors besides age are used in rating individual policies.

• State Farm: $606 per year
• Nationwide: $841 per year

A State Farm policy costing approximately $606 a year is the most expensive for Maryland drivers with a DUI. If you have a DUI on your record, your annual premium can increase by about $681.

Nationwide is the most affordable provider for drivers with low credit. State Farm is the cheapest provider for drivers with a sports car.

The following insurance providers offer full coverage policies at lower rates to Montana motorists with tickets:

• State Farm: $606 per year
• Nationwide: $827 per year

The most expensive auto insurance comes from Kemper and runs roughly $1,808 per year. A speeding ticket in Montana can boost your insurance premiums by an average of $188 per year.

The cheapest car insurance companies in Montana for drivers with an at-fault accident are:

• State Farm: $648 per year
• Nationwide: $1,084 per year

The most expensive company is Kemper offering policies at $2,168 per year. Drivers with an at-fault accident on their record might see their premiums increase by $531 on average.

In Montana, MoneyGeek found that the cheapest car insurance companies for drivers with a DUI are:

• State Farm: $606 per year
• Nationwide: $1,364 per year

The most expensive company is GEICO, with policies costing around $4,029 per year. Drivers with DUIs in Montana generally pay $668 more in insurance premiums.

MoneyGeek found that the cheapest car insurance companies in Montana for drivers with poor credit are:

• Nationwide: $841 per year
• State Farm: $1,217 per year

GEICO offers the most expensive full coverage to drivers with poor credit at $2,147 annually. Drivers with poor credit pay $604 more in car insurance premiums.

Insurers have determined that having a lower credit score indicates your likelihood of filing claims, making you riskier to insure than drivers with good credit ratings. As a result, drivers with poor credit are charged higher premiums.

Improving your credit score could help with car insurance rates. However, suppose you need to save money in the short term. In that case, the best way to find affordable insurers is by comparing offers and taking advantage of discounts like bundling and having car safety features.

Owning a sports car will likely mean paying a higher car insurance premium. We found that the cheapest car insurance companies for drivers in Montana with a sports car are:

• State Farm: $706 per year
• Nationwide: $795 per year

The most expensive insurer is Kemper at $1,881 per year.

Drivers of a Ford Mustang in Montana pay $1,345 on average, which is $228 more expensive than a driver of a Toyota Camry.

Although we used the Ford Mustang in our example, remember that costs can vary greatly based on your car model. Luxury, electric and sports cars are much more expensive than standard model types. Insurance for these types of cars varies by state..

We found that the cheapest car insurance company in Montana for active duty or military veterans is State Farm, which costs $561 for a full coverage policy.

USAA is the third cheapest at $702 annually. Its policies and discounts are tailored to military members and their families across all the states.

Car insurance can vary widely depending on where in Montana you live. In Billings, full coverage costs $754 from State Farm.

Most states, like Montana, require drivers to carry bodily injury liability and property damage liability. For drivers that don't own the vehicle they are driving, they are still required to carry a certain insurance alternative. In the sections below, learn about Montana's minimum car insurance requirements and the recommended liability coverage that ensures your protection.

In Montana, you only need to buy minimum car insurance containing bodily injury and property damage liability coverage to drive legally.

Although only meeting the minimum car insurance requirements is usually the cheapest way to save on your premiums, it offers the least protection if you’re in an accident. To ensure that you are covered, MoneyGeek recommends buying enough liability coverage.

After repeated driving violations, Montana also requires getting SR-22 insurance, which will likely increase your insurance premium.

Based on MoneyGeek’s estimate, when getting car insurance, it is ideal to obtain $100,000 in bodily injury liability insurance per accident and the same amount for property damage insurance per accident.

For newly-purchased or financed vehicles, you will likely need comprehensive and collision insurance, which protects any damages done to your car by non-collision and collision events, respectively.

Even if you are generally considered a safe driver with no known violations, having a high-value car is another reason to consider buying comprehensive and collision insurance.

If you are without a vehicle or frequently use car-sharing services, you can secure your non-owner car insurance in Montana as an alternative to regular car insurance. This type of insurance is required for non-owner vehicle drivers when filing an SR-22 to get their license reinstated after a violation.

You can also visit Montana’s Motor Vehicle Division for appointment scheduling and online renewal.

In the following sections, MoneyGeek answers your questions regarding the cost and quality of car insurance in Montana.