Cheapest Car Insurance in Montana (October 2024)
Updated: October 16, 2024
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State Farm is the cheapest company for minimum coverage in Montana. Progressive and Nationwide are the best options for other driver types.
MoneyGeek ranked the best insurance companies in Montana for drivers who value affordability and service quality.
CheapestCar InsuranceMontanaTable of Contents
Why Trust MoneyGeek? We collected the latest data from the Montana Department of Insurance and Quadrant Information Services to find Montana's cheapest car insurance for different driver profiles.
These rates reflect the cheapest car insurance quotes in Montana as of October 2024.
The cheapest car insurance companies in Montana for a minimum coverage policy are:
The most expensive company is Allstate, with policies that cost $651 per year.
Minimum coverage policies in Montana cover only bodily injury liability and property damage liability.
| State Farm | $164 | $14 |
| GEICO | $371 | $31 |
| Farmers | $377 | $31 |
| Progressive | $433 | $36 |
| Nationwide | $534 | $45 |
| Kemper | $564 | $47 |
| Allstate | $651 | $54 |
A minimum coverage policy covers damage and injuries inflicted on other drivers and their vehicles in an accident. This coverage doesn't include your vehicle.
To ensure that you have coverage that will pay for the cost of damage to your car, you’ll want to purchase a full coverage policy with comprehensive and collision insurance.
Find the Best Car Insurance in Montana for You
The amount of coverage you need will depend on your insurance requirements and preferences.
The table above provides the cheapest car insurance premiums for minimum coverage in Montana.
MoneyGeek evaluated the best auto insurance companies in Montana based on service and cost.
MoneyGeek analyzed the average cost of car insurance in Montana for different driver profiles and other factors.
In Montana, the following companies provide the cheapest full coverage car insurance:
Kemper has the most expensive policy at around $1,559 annually.
Adding comprehensive and collision insurance to your policy raises your premium. For example, State Farm charges about $525 more for full coverage than its minimum coverage. However, full coverage offers greater financial protection against damage from collisions, theft, vandalism and flooding.
| State Farm | $688 | $57 |
| Farmers | $1,031 | $86 |
| Nationwide | $1,095 | $91 |
| Allstate | $1,208 | $101 |
| Progressive | $1,231 | $103 |
| GEICO | $1,341 | $112 |
| Kemper | $1,559 | $130 |
How much car insurance you need will affect your car insurance rate. MoneyGeek’s recommendations for a full coverage policy specifically have the following liability protection:
These coverage limits are generally sufficient for average drivers. To save on premiums, you can choose lower liability limits, drop comprehensive and collision insurance or raise your deductible. However, these choices may leave you with insufficient coverage in an accident.
Many insurers allow 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 valuable 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.
MoneyGeek's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Oct 23, 2024
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
Age affects car insurance rates in Montana. Progressive offers the cheapest options for teens, and State Farm is the most affordable for young adults and seniors.
The cheapest full coverage car insurance companies in Montana for teens are:
Kemper is the most expensive company for teens, offering full coverage at $7,535 per year.
As teens age, their car insurance rates decrease. Progressive is the cheapest provider for 19-year-old males in Montana at $1,206.
Montana teen drivers pay an average of $6,100 per year for an individual policy, while being added to a family policy costs about $2,899 annually. If teens join the family policy instead of purchasing their own, families can save up to $3,201 each year.
| Progressive | $1,601 | $3,500 |
| Allstate | $1,740 | $6,800 |
| State Farm | $1,881 | $2,380 |
| Nationwide | $1,983 | $5,357 |
| GEICO | $2,611 | $6,739 |
| Farmers | $2,941 | $8,261 |
| Kemper | $7,535 | $9,667 |
On average, car insurance rates for male teens tend to be significantly more expensive than for female teens. This rate difference is not as notable when drivers reach their 20s and beyond. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute
Families seeking to save on car insurance may qualify for discounts for young drivers. Progressive and State Farm offer distant student discounts and good student discounts.
The following companies offer the cheapest full coverage car insurance in Montana for 25-year-old drivers:
Kemper offers the most expensive policies at $2,109 per year.
In Montana, drivers in their 20s pay on average $218 more for car insurance than middle-aged drivers.
| State Farm | $758 | $63 |
| Farmers | $1,220 | $102 |
| Allstate | $1,283 | $107 |
| Nationwide | $1,336 | $111 |
| GEICO | $1,470 | $123 |
| Progressive | $1,499 | $125 |
| Kemper | $2,109 | $176 |
For senior drivers, the cheapest full coverage car insurance companies in Montana are the following:
The most expensive company is GEICO, which sells policies at an average of $1,411 annually.
On average, insurance for a 65-year-old driver is $80 cheaper than a similar policy for a 40-year-old driver. However, car insurance rates typically increase as drivers reach age 70, as they're considered a higher risk on the road.
| State Farm | $610 | $51 |
| Farmers | $943 | $79 |
| Nationwide | $963 | $80 |
| Progressive | $1,124 | $94 |
| Allstate | $1,222 | $102 |
| Kemper | $1,323 | $110 |
| GEICO | $1,411 | $118 |
Seniors seeking to save on car insurance can receive discounts from Allstate, Farmers, GEICO and Kemper. Comparing multiple insurers is crucial, as many factors besides age influence premiums.
In Montana, State Farm offers the cheapest car insurance after a ticket, accident or DUI, and is the most affordable option for sports car drivers. Nationwide is the most cost-effective for those with poor credit.
The following insurance providers offer the lowest rates for full coverage policies to Montana drivers with speeding tickets:
The most expensive auto insurance comes from Kemper at $1,808 annually. A speeding ticket in Montana can raise your premium by an average of $206 per year.
| State Farm | $744 | $62 |
| Farmers | $1,085 | $90 |
| Allstate | $1,367 | $114 |
| Nationwide | $1,372 | $114 |
| GEICO | $1,578 | $132 |
| Progressive | $1,639 | $137 |
| Kemper | $1,808 | $151 |
The cheapest car insurance companies in Montana for drivers with an at-fault accident are:
Kemper offers the most expensive policies, averaging $2,168 per year. Drivers with an at-fault accident on their record might see their premiums increase by an average of $576.
| State Farm | $795 | $66 |
| Farmers | $1,550 | $129 |
| Allstate | $1,743 | $145 |
| Nationwide | $1,794 | $150 |
| Progressive | $2,008 | $167 |
| GEICO | $2,126 | $177 |
| Kemper | $2,168 | $181 |
In Montana, the cheapest car insurance companies for drivers with a DUI are:
The most expensive company is GEICO, with policies costing around $4,029 annually. Montana drivers with DUIs generally pay $736 more in premiums.
| State Farm | $744 | $62 |
| Progressive | $1,467 | $122 |
| Farmers | $1,484 | $124 |
| Kemper | $1,634 | $136 |
| Allstate | $1,689 | $141 |
| Nationwide | $2,253 | $188 |
| GEICO | $4,029 | $336 |
The cheapest car insurance companies in Montana for drivers with poor credit are:
GEICO offers the most expensive full coverage to drivers with poor credit at $2,147 annually. Drivers with poor credit pay $645 more in premiums.
| Nationwide | $1,393 | $116 |
| State Farm | $1,494 | $125 |
| Farmers | $1,650 | $137 |
| Kemper | $1,913 | $159 |
| Allstate | $1,959 | $163 |
| Progressive | $2,107 | $176 |
| GEICO | $2,147 | $179 |
Insurers see lower credit scores as a sign that drivers are more likely to file claims, so those with poor credit pay higher premiums.
Improving your credit score can lower car insurance rates. To save money, compare offers from different insurers and look for discounts like bundling policies or having car safety features.
The cheapest car insurance companies for sports car drivers in Montana are:
The most expensive insurer is Kemper at $1,881 per year.
Owning a sports car usually results in higher premiums. In Montana, Ford Mustang drivers pay an average of $1,345, $239 more than Toyota Camry drivers.
| State Farm | $867 | $72 |
| Farmers | $1,039 | $87 |
| Nationwide | $1,278 | $106 |
| Allstate | $1,290 | $107 |
| Progressive | $1,612 | $134 |
| GEICO | $1,861 | $155 |
| Kemper | $1,881 | $157 |
MoneyGeek used a Ford Mustang as a sample sports car for this study, but insurance costs may vary by specific model. Generally, insuring sports, electric and luxury cars is more expensive, though the model may not significantly affect costs for all vehicles. However, this can vary by state.
USAA is Montana's cheapest car insurance company for active-duty or military veterans. It charges $675 for a full coverage policy. Its policies and discounts are tailored to military members and their families across all states.
In Billings, Montana, State Farm offers the cheapest full coverage premium, around $882 annually.
| Billings | State Farm | $882 |
Most states, including Montana, require drivers to carry bodily injury liability and property damage liability insurance. Even drivers who don't own the vehicle they're driving must have a specific type of insurance alternative.
In Montana, you only need minimum car insurance, including bodily injury and property damage liability coverage, to drive legally.
While meeting the minimum requirements is typically the cheapest way to save on premiums, it provides the least protection in an accident. To ensure adequate coverage, MoneyGeek recommends purchasing enough liability insurance.
Additionally, after repeated driving violations, Montana requires drivers to get SR-22 insurance, which will likely increase your premium.
Bodily injury liability
Minimum car insurance laws in Montana require drivers to have at least $25,000 bodily injury liability per person and $50,000 bodily injury liability per accident. This minimum requirement is an estimate, meaning you're more likely to need higher coverage to ensure full protection.
Property damage liability
Montana drivers need at least $20,000 in property damage liability, which pays for the damage caused to another person’s vehicle.
MoneyGeek recommends $100,000 in bodily injury liability per accident and the same amount for property damage liability per accident when getting car insurance.
For newly purchased or financed vehicles, you'll likely need comprehensive and collision insurance, which protects your car from damage caused by non-collision and collision events, respectively.
Even if you're a safe driver with no known violations, having a high-value car is another reason to consider buying comprehensive and collision insurance.
If you don't own a vehicle or frequently use car-sharing services, you can secure non-owner car insurance in Montana as an alternative to regular car insurance. This type of insurance is necessary for non-owner drivers when filing an SR-22 to reinstate their license after a violation.
You can also visit Montana’s Motor Vehicle Division for appointment scheduling and online renewal.
MoneyGeek answered some common questions about the cost and quality of car insurance in Montana.
State Farm offers the cheapest minimum coverage car insurance in Montana. It's also the most affordable for young adults, seniors and drivers with traffic violations. If you have poor credit, Nationwide provides the lowest rates. The average cost of car insurance in Montana is $1,164 per year for full coverage.
Buying the cheapest car insurance might help you save on your premiums. However, in an accident requiring medical coverage and vehicle repairs, you’ll find that the extra coverage saves you more in the long run. For a good balance of affordability and service quality, consider Nationwide, the best overall car insurance in Montana.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
